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NEWS UPDATES Asean Affairs   January 29, 2019  

Pernia says PHL on track to achieve upper middle income status in 2019

The Philippines is likely to hit the goal of achieving upper middle income status this year despite global uncertainties hounding economic prospects, the National Economic and Development Authority (NEDA) said Monday.

In a press conference in Pasig City, Socioeconomic Planning Secretary Ernesto Pernia said the country is on track to achieve its goal given the country’s economic growth path.

“In 2017, we were already at 3,800 USD and I think the threshold for becoming upper middle income is something like 3,900 something, just under 4,000,” he said.

Under the World Bank standards, An upper middle-income country has a gross national income per capita of between $3,956 and $12,235.

As of 2018, the Philippines fall under the category of a lower middle income country with a GNI per capita of between $1,006 and $3,955.

“If GNI per capita will grow by 3 percent ... I think we could still hurdle the threshold by 2019. That’s a very conservative estimate,” said Pernia.

The World Bank said earlier Monday that global uncertainties—such as trade tensions between China and the United States and rising global interest rates—could dampen the Philippines’ prospects.

“We can confidently say that we are far from doing badly. We are doing a decent job at least so far,” said Pernia.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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