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STOCK PHOTO | Image by Georgios Domouchtsidis from Unsplash(Part 3)Both the Philippines and Vietnam will become upper middle-income countries in the next two years. The $64 question is which of the two will fall into the so-called middle-income trap.In development literature, the “middle-income trap” is a

ACENRENEWABLES.COMAYALA-LED ACEN Corp. posted an attributable net loss of P1.19 billion for the second quarter, reversing the P3.57-billion net income recorded last year, citing a large impairment from its wind farms in Vietnam.Revenues declined by 15.8% to P7.95 billion, while costs and expenses slightly fell