Manila, April 30 -- Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio Balisacan on Wednesday cited the need to build resilient institutions and ecosystems that can navigate both the opportunities and disruptions of technological change.

In his speech at the 2025 National Innovation Day held at the Novotel Manila in Quezon City, Balisacan said while transformative technologies could help uplift lives and create shared prosperity, they also carry serious risks.

Citing a 2023 study by Google and Access Partnership, Balisacan said that artificial intelligence (AI) and digital upskilling could generate as much as PHP2.8 trillion in annual economic value for the Philippines by 2030.

He, however, noted that the World...