‘Upper-middle income status not the finish line’

The Philippines’ ascent to upper-middle income status is a “milestone” but is not the “finish line,” Malacañang yesterday said as it acknowledges the need to address the plight of millions of still impoverished Filipinos.

- HELEN FLORES

Presidential Communications Undersecretary Claire Castro was commenting on criticisms that the government was celebrating the achievement even as a survey showed that more than 14 million families still consider themselves poor.

"This is a significant development-what could be called a milestone-because since 1987 this is the only time our level rose.

So, we should be proud of it," Castro said at a press briefing here.

The country's elevation to upper-middle income status reflects a stronger economy capable of attracting more investors and eventually creating more jobs, the Palace official said.