Philippine AI Business Association (PAIBA) Signs MOU with PhilCham Singapore at Philippine Stock Exchange to Advance Cross-Border AI Collaboration
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Partnership establishes a framework for joint AI training, knowledge exchange, and cross-border business cooperation between Philippine and Singapore-based enterprises.
TAGUIG CITY, Philippines — March 6, 2026 — The Philippine AI Business Association (PAIBA) and the Philippine Chamber of Commerce in Singapore (PhilCham Singapore) signed a Memorandum of Understanding (MOU) on March 6, 2026 at the Philippine Stock Exchange (PSE) Lounge in Bonifacio Global City. The MOU establishes a formal partnership focused on AI capability-building, knowledge exchange, and business cooperation between Philippine and Singaporean enterprises.
The agreement comes as Philippine firms continue to lag in artificial intelligence adoption. According to a 2025 study by the Philippine Institute for Development Studies (PIDS), only 14.9% of Philippine firms currently use AI and machine learning technologies, with micro, small, and medium enterprises (MSMEs) adopting AI at a rate of just 5.29%, well below large enterprises. The PAIBA–PhilCham Singapore partnership is positioned to address this gap by connecting Philippine MSMEs to capability-building resources and cross-border markets.
At a Glance
Signed: March 6, 2026 at the Philippine Stock Exchange (PSE) Lounge, Bonifacio Global City, Taguig.
Parties: Philippine AI Business Association (PAIBA) and Philippine Chamber of Commerce in Singapore (PhilCham Singapore).
Scope: Knowledge exchange, joint training programs, cross-border events, and business cooperation between Philippine and Singapore-based enterprises.
Witnessed by: Philippine Stock Exchange President Ramon Monzon and PSE Director Vivian Yuchengco.
Next milestone: Joint program announcements to follow in subsequent communications.
What the MOU Covers
The MOU between PAIBA and PhilCham Singapore establishes a framework for collaboration across four areas:
Knowledge exchange. Sharing of business insights, AI adoption trends, and industry developments between the Philippine and Singapore business communities.
Joint training programs. Co-developed learning sessions and capability-building initiatives focused on AI adoption for member organizations of both bodies.
Joint events and collaborations. Coordinated programming that brings together Philippine and Singapore-based business leaders.
Cross-border business cooperation. Support for partnerships among Philippine and Singaporean enterprises, with particular focus on AI-enabled growth opportunities
Why a Philippines–Singapore AI Corridor
The signing reflects a shared recognition that regional collaboration is critical in navigating the evolving role of AI in business. While Philippine MSMEs face structural barriers to AI adoption, including limited digital infrastructure, skills gaps, and funding constraints (PIDS, 2025), Singapore consistently ranks among the most AI-ready economies in Asia. The PAIBA–PhilCham Singapore partnership creates a structured channel for Philippine enterprises to access capability-building pathways while opening opportunities for Singapore-based Filipino businesses to engage with the Philippine AI ecosystem.
“This partnership creates a pathway for businesses to learn from each other, expand opportunities, and build stronger connections across markets,” PAIBA said in a joint statement. “AI adoption is not confined within borders, and neither should collaboration be.”
Delegation and Institutional Backing
Representing PAIBA at the signing were Founding President Jerry Ilao, Founding Vice President Anne Francisco, Founding Board Members Josie See and Amrei Dizon, and the PAIBA Secretariat. PhilCham Singapore was represented by President Margarita Locsin-Chan and Rainier Ong.
The event also provided an opportunity for delegates to engage with Philippine Stock Exchange President Ramon Monzon and PSE Director Vivian Yuchengco, reinforcing the role of institutional support in fostering innovation and regional cooperation between the Philippines and Singapore.
What Happens Next
As PAIBA and PhilCham Singapore move forward with the partnership, the focus remains on translating the MOU into specific programs that support business growth, AI capability-building, and innovation-driven competitiveness in both markets. Detailed program announcements, including training schedules and joint event calendars, will be issued in subsequent communications.
About PAIBA
The Philippine AI Business Association (PAIBA), Asia’s first AI Business Association, is an industry body dedicated to advancing responsible artificial intelligence adoption among Philippine enterprises. PAIBA convenes business leaders, technology providers, and policymakers around AI literacy, governance, and capability-building, with a focus on supporting MSMEs and large enterprises in their AI integration journeys.
About PhilCham Singapore
The Philippine Chamber of Commerce in Singapore (PhilCham Singapore) represents Filipino-owned and Filipino-affiliated businesses operating in Singapore. The chamber supports its members through networking, advocacy, and cross-border business development between the Philippine and Singaporean business communities.
Philippine AI Business Association (PAIBA)
Email: secretariat@paiba.org
Website: www.paiba.org
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