Malacañang on July 3, 2026 (July 4 in Manila) rejects think tank IBON Foundation’s claim that the Philippines' upper-middle-income status is 'meaningless' to millions of Filipino families struggling with poverty and inequality. Palace Press Officer Claire Castro said that the upper-middle-income classification should not be seen as a 'finish line' but a milestone in the country's ongoing economic development.
VIDEO BY CATHERINE VALENTE
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