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  • ‘UMIC upgrade should translate into more investments, better jobs’

    ‘UMIC upgrade should translate into more investments, better jobs’

    MANILA – The American Chamber of Commerce of the Philippines (AmCham) said the country’s recent classification as an upper-middle income country (UMIC) highlights its potential as a competitive destination for investments. The statement came after the World Bank announced that the Philippines’ gross national income (GNI) per capita rose to USD4,850, surpassing the USD4,636 threshold…