The Philippines faces a difficult policy balancing act as elevated inflation, weak public investment, and growing pressure on service exports threaten to weigh on economic growth, according to the ASEAN+3 Macroeconomic Research Office (AMRO).
The Philippines has officially attained upper-middle-income country (UMIC) status after nearly four decades as a lower-middle-income economy, surpassing the World Bank’s threshold with a gross national income per capita of US$4,850, exceeding the US$4,636 cutoff.
Pru Life UK has officially relaunched its PRULove Wealth Direct plan for a limited time, opening more accessible wealth-building opportunities for Filipinos.
Converge ICT Solutions Inc. is set to accelerate its multi-billion-peso Angeles Data Center after securing Green Lane status from the Board of Investments (BOI), clearing regulatory hurdles as the telecommunications company expands into higher-value digital infrastructure.