Palace : PH upper middle-income status 'not finish line'

The Manila Times

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  Check out our Streaming Channel: https://streaming.manilatimes.net/  Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe  Visit our website at https://www.manilatimes.net  Follow us: Facebook - https://tmt.ph/facebook Instagram - https://tmt.ph/instagram Twitter - https://tmt.ph/twitter DailyMotion - https://tmt.ph/dailymotion  Subscribe to our Digital Edition - https://tmt.ph/digital  Check out our Podcasts: Spotify - https://tmt.ph/spotify Apple Podcasts - https://tmt.ph/applepodcasts Amazon Music - https://tmt.ph/amazonmusic Deezer: https://tmt.ph/deezer Tune In: https://tmt.ph/tunein  #TheManilaTimes #LocalNews ---------------------------------------------------------------------/

Transcript

00:00So, Think Tank Ibon Foundation.

00:03Sinabi po nila na, while the government has welcomed the Philippines as elevation to offer middle income status,

00:09for millions of Filipinos, they still struggle with high prices and poverty.

00:15The designation feels disconnected from their daily reality.

00:19Sabi rin po ng Ibon Foundation, meron pa ito pong over 14 million families considering themselves poor.

00:24So, meron po pang concern from the palace that despite this announcement of this economic milestone,

00:31may appear out of touch pa rin sa ilang mga kababayan po natin na hindi pa nila talaga ramdam yung

00:37pag-anga ng kanilang buwan.

00:39Actually, yung pag-recognize po ng World Cup, na narating na po ng Pilipinas,

00:47ang upper middle income status.

00:52Ito po ay isang mahalagang pagkataon, tawagin niya kay milestone para sa atin,

00:59dahil since 1987, ngayon lang po umangat ang ating level.

01:03So, dapat po natin ipagmalaki ito.

01:06At ito naman po ay hindi-ibig naman sabihin,

01:09na ang bawat Pilipino ay nasa ganunang level na hindi na magkakaroon ng financial challenge.

01:18Alam po natin sa ngayon,

01:20na marami pa rin po mga kababayan natin ang kinakailangan,

01:23ang tulog, kinakailangan, na makaroon ng magandang trabaho.

01:27At doon po pumapasok yung intervention ng administrasyon.

01:32Pati po ang mga issue tungkol sa mga kagutuman,

01:37nagkakaroon po na intervention ang gobyerno.

01:40At nagpapatupad ang kinakailangan natin para ang mga pambayan natin

01:45ay maramdaman ang ginhawa sa buhay.

01:50So, ito pong pagiging upper middle income country,

01:53hindi po ito finish line.

01:57Hindi po ito katapusan.

01:59Marami pa pong dapat gawin ang bansa para mas umangat pa ang ekonomiya.

02:03Ang ibig lamang po kasing sabihin nito ay mayroon po tayong malakas na ekonomiya

02:09na maaaring makapag-inggan niya sa mga investors na mamuhunan sa ating bansa

02:14na magpikreate ng jobs.

02:17So, ito po yung ibig sabihin nito.

02:19Na tayo po ay nagsusunikap na gumandaan kanuniya.

02:23Mas siguro, gaganda pa ito,

02:25kung wala mga obstructionist na ang purpose lamang ay manlira

02:31at sirain ang Pangulo at ang administrasyon.

02:36Sana makita nila yung pagsusunika ng administrasyon na ito

02:39upang iangat ang ekonomiya naman sa ito.

02:42Yung second last question na lang po.

02:44On July 6, the Senate impeachment court has summoned...

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