As artificial intelligence, automation, and mass production reshape consumer markets, demand for handmade and distinctive products is creating fresh opportunities for Philippine crafts and design exporters.
Artificial intelligence is spreading rapidly across Philippine workplaces, but the country faces a widening gap between AI adoption and the skills needed to develop and harness the technology.
The Philippine Retailers Association (PRA) on Thursday urged businesses to accelerate their adoption of artificial intelligence while ensuring that technology complements, rather than replaces, the human connections that underpin customer loyalty.
Intellectual Property Office of the Philippines (IPOPHL) Director General Teodoro C. Pascua said artificial intelligence could become a powerful engine for transforming Filipino ideas into globally competitive products, provided innovation is matched with stronger protection of intellectual property rights.
The Philippines' growing role in the global artificial intelligence supply chain is expected to provide an important buffer against slowing growth, higher oil prices and lingering trade uncertainties, according to the ASEAN+3 Macroeconomic Research Office (AMRO).
Rising temperatures and widespread dry spells caused by the ongoing El Niño have pushed initial agricultural losses in the Philippines to P8.57 billion, marking a nearly 25 percent increase from the P6.87 billion reported late last month.
The European Union and the Philippines are setting up a joint artificial intelligence (AI) industry laboratory to help businesses adopt emerging technologies, improve productivity and attract investment, with micro, small and medium enterprises (MSMEs) among the intended beneficiaries.
Filipinos are adopting faster, digital-first methods to move money across borders, relying heavily on mobile wallets and bank transfers to support daily household needs while demonstrating an appetite for emerging digital currencies like stablecoins.
The Philippines’ business and investment outlook is deteriorating as rising public debt, slowing economic growth and weakening foreign investment inflows intensify fiscal and economic pressures, according to a new assessment by WR Advisory Group.