The Philippines is taking a giant leap towards ethical AI governance with the release of the UNESCO AI Readiness Assessment Report. This report, a collaborative effort between UNESCO and the Philippine government, marks a significant milestone in the country's journey towards responsible AI development. The assessment, conducted through policy consultation workshops across Luzon, Visayas, and Mindanao, brings together professionals from diverse sectors to evaluate the Philippines' AI landscape. The report identifies crucial areas for AI readiness, including regulatory frameworks, socio-cultural impacts, and economic, scientific, and research considerations. It also offers key policy recommendations, emphasizing the need to embed ethics in AI policy and increase funding for capacity building and research and development. The UNESCO Recommendation on the Ethics of Artificial Intelligence, adopted by 194 member states, provides a global standard for policymakers to translate core values and principles into action. The Philippines AI Global Observatory serves as a hub for all materials and event documentation, offering a comprehensive resource for understanding the country's AI readiness and future trajectory.