Both countries must now escape the middle income trap that has stalled several of their Southeast Asian peers.

The World Bank upgrade marks a long-sought economic milestone for the Philippines, but high prices, underemployment, and ...

According to the World Bank's annual update, released on 1 July, Sri Lanka, Vietnam, the Philippines, Jordan and Micronesia ...

Majorities in 16 of 17 middle-income nations say this, including roughly three-quarters of adults or more in 12 countries.

Amazing, the cynicism that greeted the World Bank’s July 1, 2026 upgrade of the Philippines into an upper-middle income country (UMIC), with a Gross National Income (GNI) per capita of $4,850 – $214 ...

After nearly four decades of languishing in the lower middle income tier, the Philippines has finally clawed its way into the World Bank’s upper-middle income category—a symbolic crossing that says as ...

A recent analysis by the Asean+3 Macroeconomic Research Office (Amro) highlights a critical juncture for the Philippines in its pursuit of upper middle-income country (UMIC) status. To reach this goal ...

The Philippines achieves World Bank upper-middle income status in 2026, with GNI per capita reaching $4,850, and DEPDev ...

The World Bank upgraded the Philippines to an upper-middle-income country on July 1. In a video shared on social media, World ...

The news that Sri Lanka has once again been classified as a middle-income country is undoubtedly one of the more encouraging ...

In its latest classification of countries, the World Bank has elevated Sri Lanka from a lower middle-income country to an upper middle-income country. What does this mean? Let us find out. But first, ...