Hanoi, March 23 -- The World Bank (WB) has assessed that the Philippines is approaching upper-middle-income status, based on current growth trends in gross national income (GNI) per capita. The country's English-language newspaper Philippine Star cited the multilateral lender as saying that the Philippines is projected to be close to the upper-middle-income threshold. The bank's list of new income classification and thresholds will be updated on July 1. Data released by the WB last year showed that the Philippines remained a lower-middle-income country, with its GNI per capita reaching 4,470 USD in 2024. The bank classifies economies with a GNI per capita calculated using the Atlas method of 1,136 USD to 4,495 USD as lower-middle-income cou...