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ASEAN Foundation and Google.org Lead Regional Policy Forum to Drive AI Literacy Forward

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JARKATA, Indonesia, Feb. 14, 2025 /PRNewswire/ — The ASEAN Foundation, supported by Google.org, successfully hosted the 1st Regional Policy Convening of AI Ready ASEAN at ASEAN Headquarters/ASEAN Secretariat, Jakarta, Indonesia, on 12 February 2025.

This event served a key milestone in the implementation of the AI Ready ASEAN initiative, bringing together key stakeholders to foster dialogue and shape policies that will drive AI literacy and innovation across the region.

At the regional forum, policymakers, AI practitioners, and local implementing partners (LIPs) from across ASEAN explored collaborative approaches to developing regulatory frameworks and policy initiatives aimed at accelerating responsible AI adoption, bridging AI literacy gaps, and unlocking opportunities in Southeast Asia.

Key stakeholders include H.E. Prof. Stella Christie, the Vice Minister of Higher Education, Science and Technology of Indonesia, H.E. Nararya S. Soeprapto, Deputy Secretary-General of ASEAN for Community and Corporate Affairs, H.E. Ambassador Bovonethat Douangchak, Chair of the Board of Trustees of the ASEAN Foundation and Permanent Representative of Lao PDR to ASEAN, Dr. Piti Srisangnam, Executive Director of the ASEAN Foundation, and Putri Alam, Director of Government Affairs and Public Policy at Google Indonesia.

To explore ASEAN’s AI landscape, the importance of ethical frameworks, and strategies to deliver AI programmes in local communities, the event featured panel discussions with Andreas Tjendra, Director AI Innovation of KORIKA, Dr. Sak Segkhoonthod, Executive Advisor of Electronic Transaction Development Agency (ETDA) and AI Governance Center of ETDA, Agung Pamungkas, Government Affairs and Public Policy Manager of Google Indonesia, Ilan Asqolani, Senior Programme Manager of ASEAN Foundation, Rajeshpal Singh, Director for Mastercard’s Digital Trust Centre of Excellence APAC, Hazremi Hamid, Senior Officer of Digital Economy Division of the ASEAN Secretariat, and Dr. Yeni Herdiyeni, Head of Artificial Intelligence Study Programme of IPB University. The discussions were moderated by Dr. Piti Srisangnam and Mahmudi Yusbi, Head of Strategic Planning and Business Development of the ASEAN Foundation.

“With the rapid advances in AI and machine learning, it’s more important than ever that young people, educators and parents understand the ways it impacts their lives, the role it will play in their future, and the opportunities it affords. Google.org is a proud supporter of the ASEAN Foundation’ AI Ready ASEAN programme, focused on helping young people and inspiring the next generation of AI innovators to use the technology to make a positive impact in society. This support reflects our commitment to help everyone in the region benefit from the AI Opportunities,” said Marija Ralic, Google.org Lead.

This convention also marked the official commencement of the AI Ready ASEAN initiative, launched in October 2024, which aims to enhance AI literacy in ASEAN member states. With a USD 5 million grant from Google.org, the 2.5-year programme aims to equip 5.5 million individuals with essential AI skills.

The 5th ASEAN Digital Ministers’ Meeting held on 16-17 January 2025 in Bangkok, Thailand, reinforced the region’s commitment to advancing digital transformation and fostering collaboration among policymakers, industry leaders, and experts. Key discussions focused on leveraging AI to unlock ASEAN’s digital economy potential, develop interoperable data protection standards, and promote a secure, inclusive, and innovative digital ecosystem. The meeting also emphasised the vital importance of safeguarding personal data to build trust and inclusivity within the region’s digital landscape.

As a trusted partner of Google.org, the ASEAN Foundation joined four other key partners from Southeast Asia at this esteemed forum. Presenting the AI Ready ASEAN programme to the ten ASEAN Digital Ministers, the Foundation received resoundingly positive feedback for its role in promoting digital literacy and empowering communities to thrive in an AI-driven future. The forum reaffirmed the shared vision of a digitally connected and inclusive ASEAN, driving innovation and prosperity for all.

The policy meeting will contribute to the goals of the ASEAN Digital Masterplan 2025 and ASEAN Digital Economy Framework Agreement, which aim to build an inclusive and sustainable digital economy for ASEAN. It also complies with the ASEAN Guide on AI Governance and Ethics, which provides member states guidelines on AI adoption, emphasising fairness, transparency, and accountability.

It is the first out of the four regional events under the AI Ready ASEAN programme. It is also the first of the five key activities, which include trainer training, advanced education, a regional AI awareness campaign, national and regional dialogues, and in-depth AI research across the region.

“As we move into a future shaped by new ideas and technology, it’s important that every community, no matter where they are, has the knowledge and skills to succeed in the age of AI. With the AI Ready ASEAN program, we are dedicated to helping young people, teachers, and families across the region, making sure no one is left behind as AI evolves. By working together, we can close the gap in access to technology and help everyone in ASEAN benefit fully from AI,” said Dr. Piti Srisangnam, Executive Director of the ASEAN Foundation.

The convention proved timely, as the growth of AI and the adoption of digital technologies will triple ASEAN’s digital economy, growing from approximately USD 300 billion to almost USD 1 trillion by 2030. Policies in the Digital Economy Framework Agreement  are expected to double the projection, boosting the economy to USD 2 trillion.

Despite the momentum, AI’s maturity in the region remains polarised. The digital divide poses challenges such as poor internet connection and lack of digital literacy programs, slowing down the region’s ambitions to become a premier AI hub. This manifests in the region’s varying level of AI readiness among member states. While Singapore leads the region and ranks second out of 190 countries globally in the Government AI Readiness 2024 Index, Lao PDR, Cambodia, and Myanmar are still in the early stages of AI adoption, ranking at 136th, 145th, and 149th place respectively.

A discussion paper from the Economic Research Institute for ASEAN and East Asia revealed the importance of implementing “policies in bridging the gap to maximise the potential benefits of AI in the region.” To address the disparities, the study urges member states to make collective efforts both among themselves and within their own countries.

This call to regional action aligns with the measures and initiatives explored during the convention, geared towards accelerating AI adoption and boosting AI literacy among the member states.

ASEAN Foundation’s LIP for Singapore, AI Singapore, believes AI should be made accessible to all, ensuring that individuals—from students to executives—understand and leverage AI in their work. Its narrative revolves around “AI for Singapore, AI for the World”, emphasising both local impact and global relevance. AI Singapore champions AI as a key driver of Singapore’s future economy, bridging the gap between research, industry, and government to drive AI adoption, innovation, and talent development.

The Regional Policy Convention on AI Readiness marks a pivotal step toward democratising AI across ASEAN. By fostering collaboration, knowledge-sharing, and the development of essential policies, the initiative aims to bridge the AI divide and pave the way for a more inclusive and innovative future.

In the next two days, LIPs of AI Ready ASEAN will continue their learning journey with a hands-on masterclass led by Code.org, which explored foundational AI concepts and practical strategies to overcome challenges in AI education. The experience was further enriched by a visit to Google Indonesia’s office, where participants witnessed real-world AI applications, gaining valuable insights and deepening their technical understanding of machine learning.

About the ASEAN Foundation  

Three decades after ASEAN was established, ASEAN leaders recognised that: there remained inadequate shared prosperity, ASEAN awareness and contact among people of ASEAN. It was of this concern that ASEAN leaders established the ASEAN Foundation during ASEAN’s 30th Anniversary Commemorative Summit in Kuala Lumpur Malaysia on 15 December 1997. ASEAN Foundation is an organisation from and for the people of ASEAN. The Foundation exists because of one vision: to build a cohesive and prosperous ASEAN Community. As an ASEAN body, the Foundation is tasked to support ASEAN mainly in promoting awareness, identity, interaction, and development of the people of ASEAN. For more info about the ASEAN Foundation, visit: www.aseanfoundation.org    

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SOURCE ASEAN Foundation

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Lovey announces £250m senior secured credit facility with Pollen Street Capital

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UK’s fastest-growing fintech announces its largest funding facility to date to support more UK SMEs

BIRMINGHAM, England, Oct. 27, 2026 /PRNewswire/ — Lovey, the UK’s fastest-growing fintech and financial services provider, specialising in SME lending and brokerage, has today announced a senior secured credit facility of up to £250 million with Pollen Street Capital (“Pollen Street”), an alternative asset manager. The facility is made up of £50 million committed capital and a £200 million accordion, making it the largest funding facility in Lovey’s history and marking a key milestone in the company’s growth.

The facility demonstrates continued institutional investor confidence in Lovey’s lending model, technology and long-term strategy and reinforces Lovey’s position as a leading finance provider focusing on SME funding. The facility will significantly increase Lovey’s lending capacity, supporting the business as it scales its own-book lending while continuing to grow its established brokerage proposition.

Founded by Jack Smith in 2016, Lovey has grown from a one-person start-up into a 120-strong business, funding more than £600 million in loans to over 11,000 UK SMEs. Built around a mission to make lending simple, fast and beautiful, Lovey has expanded rapidly while staying focused on making finance easier and more accessible for small businesses. The new facility will support that mission by giving Lovey the capital to help more UK SMEs access funding quickly and flexibly.

Lovey began lending directly from its own balance sheet in 2022, building on its experience as a broker to develop a deeper understanding of the funding needs of UK SMEs. Today, the business combines direct lending with its established brokerage proposition, giving customers access to both Lovey’s own lending and a wider panel of funding partners. This approach allows Lovey to match businesses with the funding solution that best suits their needs, while the new facility provides greater capacity to grow its direct lending operation.

Jack Smith, Founder and CEO at Lovey, comments:
“This new facility is an important milestone for us and will enable us to put more capital behind UK small businesses, scale our own-book lending and give more SMEs access to finance when they need it. Pollen Street shares our belief that finances for small businesses should be simpler, faster and more flexible, and we’re really pleased to have them backing Lovey for this next stage of growth.”

Kai Hunter, Chief Operating Officer at Lovey, comments:
“The funding announced today is the result of close and collaborative work with Pollen Street and I am grateful to their team, and to our own, for the diligence they brought to it. This funding deepens our lending capacity and allows us to offer larger loans, so that we can back more of the UK’s small and medium-sized businesses, from those that have found finance hardest to secure to the well-established, with greater speed and certainty.”

Ethan Saggu, Investment Director, Pollen Street, adds:
“Lovey has spent almost a decade seeing the UK SME lending market from a broker’s perspective, giving the team an expert view of where demand for credit is going unmet. We have financed a number of specialist SME lenders and recognise what it takes to grow from brokerage into balance-sheet lending. Lovey has done so with a well-defined product and a focused approach, and we look forward to supporting the team as it scales.”

Lovey was advised by Ashurst Perkins Coie and Pollen Street was advised by Simmons & Simmons.

The facility builds on Lovey’s existing funding arrangements announced last year, including a £35 million revolving credit facility from Paragon Bank and a £10 million junior medium-term note programme from LGB Capital Markets. The new facility also adds to Lovey’s growing institutional funding base as it enters its next phase of expansion.

To learn more about Lovey or to apply for a fast, flexible business loan, visit Lovey’s website.

For any further information, please contact: press@lovey.com

About Lovey (the trading name of Love Finance Limited): 
Lovey is the UK’s fastest-growing fintech and financial services provider, specialising in SME lending and brokerage. Founded in Birmingham in 2016 by Jack Smith, Lovey has a mission to make lending simple, fast and beautiful. The company has funded more than £600 million in loans for over 11,000 SMEs across the UK.

Recognised by EY, Deloitte, The Sunday Times, Financial Times, UK Growth Index, FEBE, and Sifted as one of the UK’s fastest-growing companies. Lovey combines direct lending and brokerage services to deliver fast, flexible, and tailored funding solutions. With an industry-leading 4.9-star Trustpilot rating, businesses can enquire in 60 seconds and receive funding in as little as 4 hours. 

Website: www.lovey.com

Pollen Street Press Office:
FGS Global 
Chris Sibbald / Anna Tabor
PollenStreetCapital-LON@fgsglobal.com 

About Pollen Street:
Pollen Street is a fast-growing and high performing private capital asset manager. Established in 2013, the firm has built deep capability across the financial and business services sectors aligned with mega-trends shaping the future of the industry. Pollen Street manages over €9bn AUM across private equity and credit strategies on behalf of investors including leading public and corporate pension funds, insurance companies, sovereign wealth funds, endowments and foundations, asset managers, banks, and family offices from around the world. Pollen Street has a team of over 100 professionals.

www.pollenstreetgroup.com 

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Baidu to Report Third Quarter 2026 Financial Results on November 16, 2026

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BEIJING, Oct. 27, 2026 /PRNewswire/ — Baidu, Inc. (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) (“Baidu” or the “Company”), a leading AI company with strong Internet foundation, today announced that it will report its financial results for the Third Quarter 2026 ended September 30, 2026, before the U.S. market opens on November 16, 2026. Baidu’s management will hold an earnings conference call at 7:30 AM on November 16, 2026, U.S. Eastern Time (8:30 PM on November 16, 2026, Beijing Time).

Please register in advance of the conference call using the link provided below. It will automatically direct you to the registration page of “Baidu Inc. Q3 2026 Earnings Conference Call”. Please follow the steps to enter your registration details, then click “Register”. Upon registering, you will then be provided with the dial-in number, the passcode, and your unique access PIN. This information will also be emailed to you as a calendar invite.

For pre-registration, please click:
https://s1.c-conf.com/diamondpass/10057872-oyt4z8.html

In the 10 minutes prior to the call start time, you may use the conference access information (including dial-in number(s), the passcode and unique access PIN) provided in the calendar invite that you have received following your pre-registration.

Additionally, a live and archived webcast of this conference call will be available at https://ir.baidu.com.

A replay of the conference call may be accessed by phone at the following number until November 24, 2026:
US: 1 855 883 1031
Replay PIN: 10057872

About Baidu

Founded in 2000, Baidu’s mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under “BIDU” and the HKEX under “9888.” One Baidu ADS represents eight Class A ordinary shares.

View original content:https://www.prnewswire.com/news-releases/baidu-to-report-third-quarter-2026-financial-results-on-november-16-2026-302920463.html

SOURCE Baidu, Inc.

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IBS Software’s iCargo to power Philippine Airlines Cargo Modernisation

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Airline to move from its current cargo system to a modern, cloud-based platform covering cargo sales, ground handling operations and revenue accounting

MANILA, Philippines, Oct. 27, 2026 /PRNewswire/ — IBS Software’s iCargo, a cloud-based platform bringing cargo sales, ground handling operations and accounting together, has been selected by Philippine Airlines (PAL) to replace its current cargo system. The implementation will extend iCargo’s capabilities across PAL’s domestic and international cargo operations.

As the leading AI-native product company in the travel technology sector, IBS Software will support PAL’s broader cargo transformation and modernisation programme with capabilities that support PAL’s full range of business functions, from commercial and operations to back-office accounting, while enabling further innovation and digitisation through a single, fully integrated cloud-based platform. iCargo will support cargo movements across PAL’s domestic and international operations, including international requirements such as customs reporting, duties and taxes settlement and regulatory compliance. iCargo already supports carriers with this same mix of demands, providing the flexibility, scale and capabilities to manage both.

The transition will enable PAL to address key operational requirements across its cargo operations, including system performance and data analytics. iCargo will provide modern capabilities to support faster shipment processing, greater reliability and end-to-end shipment visibility, while reducing manual intervention and enabling more efficient processes.

Beyond operational efficiency, these capabilities will help PAL Cargo bring its ‘Care that Delivers’ promise to life, giving customers greater confidence through improved shipment visibility, reliable service and a more seamless cargo experience. As cargo volumes continue to grow across its network, the new platform will also provide the technological foundation for continued innovation, operational excellence and long-term growth.

IBS Software’s proposal combined a strong technology fit with a proven track record of delivering successful cargo transformations for airlines worldwide. The selection of iCargo builds on an established relationship between Philippine Airlines and IBS Software, broadening the portfolio of IBS Software products used by PAL and reinforcing their shared commitment to long-term innovation and business growth.

“This initiative represents an important step in the modernisation of our cargo business,” said Jason Siy, Vice President for Cargo Business, Philippine Airlines. “As we grow across our domestic and international network, we need a system that increases visibility, improves operational efficiency and enables us to deliver a better experience for our customers. We see iCargo as a key enabler of our long-term cargo transformation strategy and of our ambition to build an even stronger cargo business for the future.” 

“Philippine Airlines has a clear vision for the future of its cargo business, and we are proud to support that journey,” added Sunil George, Vice President & Region Head of Oceania, IBS Software. “This partnership is about more than implementing a new cargo platform. It is about working closely with PAL to build the digital foundation for future growth, innovation and operational excellence, and continuing a relationship we value deeply.” 

For more information about IBS Software’s iCargo solution, visit: https://www.ibsplc.com/product/air-cargo-solutions/icargo.

About IBS Software

IBS Software is a leading travel technology company delivering AI-native travel intelligence that enables smarter, faster and more resilient decision-making, with built-in guardrails across aviation, cargo and logistics, and leisure and hospitality. It powers core capabilities for leading travel brands worldwide, spanning airline retailing, passenger services, loyalty, fleet, hub and crew operations, cargo management, and cloud-native platforms for hotels and cruise line operators, and operates from 17 offices globally.

Further information can be found at www.ibsplc.com. Follow us:
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About Philippine Airlines

Philippine Airlines (PAL) is the Philippines’ flag carrier and the country’s only full-service network airline. Founded in 1941, PAL is Asia’s first commercial airline and has played a vital role in connecting the Philippines to the world for 85 years.

PAL operates scheduled nonstop flights from its hubs in Manila and Cebu to 29 destinations across the Philippines and 40 destinations in Asia, North America, Australia, and the Middle East.

PAL is an APEX Four Star™ airline and was recognised by Cirium for achieving the highest on-time performance among Asia-Pacific carriers in 2025. In 2026, Philippine Airlines was officially invited to join the oneworld® Alliance.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/ibs-softwares-icargo-to-power-philippine-airlines-cargo-modernisation-302919378.html

SOURCE IBS Software

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