Last year, the World Bank said the Philippines is expected to attain upper-middle income status by 2025 or 2026. For 2025, the government is aiming for 6.5 to 7.5 percent growth, revised from the ...

Current World Bank thresholds define upper-middle-income status as gross national income (GNI) per capita hitting $4,516 to $14,005. Philippine GNI per capita rose to $4,230 in 2023, up from ...

Learn how foreigners can file personal income tax in the Philippines, understand tax residency, rates, deductions, and filing ...

THE PHILIPPINES aims to transition to an upper middle-income country over the next few years and achieve high-income status by 2050. While these goals are achievable, there are significant challenges ...

There are realistic expectations that if the Philippine’s GDP grows at an average of 6-8% in the next 20 years, our economy can attain High-Income status during the decade of 2040 to 2050, at least ...

Banking under Union Bank of the Philippines (UnionBank) ended the year with a 32-percent income surge to P6 billion on growth in its loan portfolio. Net interest income rose by 12 percent to P58 ...