Both countries must now escape the middle income trap that has stalled several of their Southeast Asian peers.
Global Banking & Finance Review Awards®: Philippine Business Bank Named Fastest Growing SME Bank Philippines 2026
This prestigious recognition reflects the bank’s outstanding performance, consistent expansion, and unwavering commitment to supporting small and medium-sized enterprises (SMEs) across the Philippines …
Peso, PSEi surge as Philippines reaches upper-middle-income status
Philippine financial markets strengthened on Thursday, as investors took into account the country’s upgrade to an upper-middle-income country, a goal that the country has aspired to meet even before …
Canada, Philippines target free trade pact by year-end as Carney expands Indo-Pacific push
Canada and the Philippines have agreed to conclude a free trade agreement by the end of 2026 while launching a new strategic partnership covering defence, energy, labour, tourism and Indo-Pacific secu …
China ramps up warning to Japan, Philippines over sea talks
China issued a legal warning against Japan and the Philippines over their upcoming maritime border talks, escalating pressure on Washington’s key regional allies as they attempt to counter Beijing’s …
Philippines President Marcos says ‘we share the same aspirations’ as Canada
VANCOUVER — The leaders of Canada and the Philippines signed agreements Thursday on energy, natural resources, labour and tourism, as the countries reinforced their shared priorities and hope for a …
US ally Philippines plans bases on front lines of South China Sea dispute
The Philippines is strengthening its defenses as Chinese military pressure shows little sign of easing.
Vietnam and Philippines raised to upper-middle income status
HANOI: The World Bank has elevated Vietnam and the Philippines to upper-middle income status after years of brisk of economic expansion, potentially bolstering investor confidence in the two nations.
Taal Volcano Eruption in Philippines Hurls 1,476-Foot Plume and Triggers Crater Tsunami Waves (Video)
Footage captured a July 30 phreatomagmatic eruption at the Taal Volcano in the Philippines, launching ash 1,476 feet into the air and creating minor tsunami waves.
What an upper-middle-income status means for the Philippines
MANILA, Philippines — The Philippines has officially attained upper-middle-income status under the World Bank’s latest income classification, reflecting sustained growth in recent years. Economists, …