Energy utility nexus building on PH as an upper-middle income country

MANILA, Philippines — Early this month, the Philippines got the news that it is now an upper-middle income country. This was after it entered the World Bank’s gross national income (GNI) per capita threshold of $4,636-14,375, recording $4,850 in 2025. That growth in income wasn’t inevitable. While the reclassification was the product of “broad-based expansion”, “gains across all major industries”, and “an economy-wide shift”, it had taken almost four decades before the country advanced out of the lower middle-income bracket. Even then, it continues to rank below the progress of its neighbors, namely Vietnam ($4,970), Indonesia ($5,120), Thailand ($7,690), and […]...

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