Philstar.com·4 min read·hard
After income upgrade, what investors are waiting for Philippines to fix
R
Renalyn Ramirez
✦AI Summary
The Philippines has been reclassified as an upper-middle-income economy by the World Bank, but experts warn this does not automatically guarantee increased foreign investment. Analysts suggest the country must still address infrastructure and governance gaps to remain competitive.
MANILA, Philippines - The Philippines has moved up the World Bank's income ladder. Now it has to show investors it can compete there.
economybusiness
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