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Prosperous on paper, poor in reality: The Philippines’ UMIC mirage
On July 1, 2026, the World Bank reclassified the Philippines as an upper middle-income country, or UMIC, citing a gross national income per capita of $4,850. While policymakers celebrated the ...
MANILA, Philippines — The Philippines has more universities in international rankings than ever before, yet still struggles to produce graduates with the right skills for the jobs its economy needs.
MANILA, Philippines — The Philippines is likely to miss its goal of bringing down the poverty rate to single-digit level by 2028, according to the World Bank. “As of this moment, we’re not projecting ...
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