The latest study by the state-owned think tank Philippine Institute for Development Studies, or PIDS, showed that, relative to the World Bank's upper-middle-income country poverty threshold of $8.30 a ...

MANILA, Philippines — Based on most recent data and projections, a majority of our people are poor. The upper class (rich and upper-income) constitutes about 1.4 percent of the population. This small ...

Asia comprises 49 countries and territories, each with a distinct economic landscape. As the region undergoes rapid development, its expanding middle class is fueling consumer demand and economic ...