Philippines Charts Path with AI Governance Framework
The Philippines is preparing its first national artificial intelligence (AI) governance framework, led by DEPDev, alongside BSP’s guidance for financial institutions, to ensure ethical, transparent, and accountable use of AI across sectors, particularly in finance where risks of bias, fraud, and systemic instability are most pronounced. The proposed framework seeks to address risks such as algorithmic bias, data privacy breaches, and misuse of […]
ASEAN Countries Back Oil Stockpiling Initiative
Five ASEAN states: Indonesia, Singapore, Malaysia, Thailand and Vietnam have all expressed interest in an initiative within the region to jointly stockpile gas and oil reserves. This comes after the experienced shocks to the economies of the respective countries stemming from the Middle East crisis—where the vulnerabilities of high dependency and low supply have led to economic downturns, increased […]