To enter upper middle-income status by late next year, NEDA Secretary Arsenio Balisacan told reporters on the sidelines of the National Artificial Intelligence (AI) Roadmap 2.0 and Center for AI Research last Wednesday that the country’s GNI per capita would need to grow by 6.7 percent from last year’s.
“The threshold is $4,500 (GNI per capita). You need to have that as the minimum to get into the club of upper middle-income countries. We are now (at) $4,230. So you only need 6.7 percent growth,” he said.
Data released by the World Bank earlier this week showed the Philippines remained a lower middle-income country with a GNI per capita of $4,230 in 2023, up from $3,950 in the previous year.
هذه القصة مأخوذة من طبعة July 07, 2024 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة July 07, 2024 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Cable cars seen running by 2028
The country may see its first cable car system that will connect the planned Metro Rail Transit Line 4 (MRT-4) to Antipolo, Rizal operational by 2028, as the government looks to start the feasibility study for the project this year, the Department of Transportation (DOTr) said.
URC dips into cooking aid market
Universal Robina Corp. (URC), the listed snack food giant of the Gokongwei Group, is expanding further its portfolio as the company makes its foray into the meals preparation mega-category.
Rubio named SPNEC president/CEO
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Aviator plans to put up NGO for gov't rescue, relief missions
An aviation expert plans to establish a non-government organization (NGO) that state agencies can tap for rescue and humanitarian missions, in line with his efforts to deliver hope and aid to the farthest corners of the Philippines.
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Thrift banks post robust growth in 2023
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DA forms task force for salt industry R&D
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SM Group to double NU campuses to 20
The SM Group is targeting to nearly double the current number of National University (NU) campuses by 2028 in an effort to provide quality, accessible and affordable education to young Filipinos nationwide.
Maynilad IPO in the pipeline for 'early next year'
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Clark to host P32-B entertainment complex
Are you ready for this?
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New P20-B passenger ferry system in the works
The Department of Transportation (DOTr) will spend as much as P20 billion for its next brainchild project – a passenger ferry passing through Manila Bay, Pasig River and Laguna de Bay.