NEDA cites role of innovation in achieving UMIC status in 2022
MANILA - Socioeconomic Planning Secretary Karl Kendrick Chua has urged the National Innovation Council (NIC) to work together to promote innovative solutions and raise the country's overall productivity. "Higher productivity will allow us to graduate from our current low middle-income country status to upper-middle income country status by the end of 2022, and high-income country status in one generation. For the Filipino people, it means living without poverty and having equal opportunities to succeed," Chua said. Recent economic indicators show that the Philippines is on track ...