ASEAN Announces 2025 Innovation Awards Nominations

The ASEAN Innovation Business Platform (AIBP) has opened nominations for the 2025 Enterprise Innovation Awards, celebrating enterprises in Southeast Asia for their digital transformation efforts, with Axiata and PETRONAS recognized as 2024 winners. Meanwhile, Wellous Group is making strides in digital commerce through its AI-driven platform, FIV5S, which has earned multiple awards for enhancing operational efficiency and customer service. AI is also proving beneficial for Black entrepreneurs, offering new avenues for access to capital and market insights, thereby helping to overcome historical challenges in the business landscape. The Philippine SME Business Expo 2024 showcased innovations aimed at empowering local entrepreneurs with digital tools and AI, highlighting a commitment to leveraging technology for growth. These developments reflect a broader trend of businesses adapting rapidly to technological advancements to maintain competitiveness in the evolving digital economy. Overall, the integration of AI and digital solutions is becoming crucial for businesses across various sectors to thrive in today's market.