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Philippines News Agency

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The Philippines News Agency

The Philippines News Agency (PNA) is a web-based newswire service of the Philippine government. The PNA Headquarters are housed at the 2nd floor of the PIA building along Visayas Avenue, Quezon City. PNA's website address is http://www.pna.gov.ph

It has been 35 years since PNA was launched in an era when newswire operations relied mainly on teletype machines and typewriters. PNA has steadily paced the highly competitive and changing arena of Philippine journalism; it is now slowly but surely coming to par with the challenges posed by the globalization of media communications. This has deeply shaped modern journalism and the news media organizations that have been instrumental in creating the very conditions that made globalization a reality.

PNA has evolved today as an Internet-based news service agency that caters to the global demand for news and information to its subscribers, readers and a host of other clients. PNA's mission is spelled out clearly: to provide the government, the Presidency, the public, as well as its media and non-media clients, both local and foreign based, sober, factual, impartial and objective news and information. PNA provides news 24/7, including photos of major events, feature stories, sports news and events, local and global opinions, general information, as well as global news and feature stories. PNA employs about a hundred journalists and stringers across the country, with several foreign-based correspondents.

PNA beat reporters and stringers are deployed practically in every government office and agency, including the main offices and camps of police and security forces, to provide news 24/7 for local, regional and global subscribers and readers. PNA likewise maintains active news exchanges with news agencies of ASEAN member-countries and the Organization of Asia-Pacific News Agencies (OANA).

Philippines News Agency
www.pna.gov.ph
pnadesk@yahoo.com
+63 352 43 28,
+63 352 43 34,
+63 352 43 35
Latest Press Release
PRRD attends Philippine Development Forum: Sulong Pilipinas 2017. (PNA)

PRRD attends Philippine Development Forum: Sulong Pilipinas 2017. (PNA)

Megaworld profit grows 11 % to PHP6.69B in H1 '17

MANILA, -- Profit of Megaworld Corp. rose to PHP6.69 billion in the first six months , up 11 percent from PHP6.03-billion in the same period in 2016.

Megaworld disclosed to the Philippine Stock Exchange Thursday that its rental income grew 20 percent to PHP5.83 billion in first half this year from PHP4.84 billion in the same period the previous year.

“Megaworld remains to be the largest office developer and lessor in the country. We are well-positioned to retain this leadership as we are on-track to surpass the one-million square meter mark in office space inventory alone by the end of this year,” said Megaworld senior vice president and treasurer Francis Canuto.

The company's revenues from residential development reached PHP16.77 billion in H1 2017.

Moreover, profit from its hotel business also increased double-digit by 10 percent to PHP648 million in H1 2017 from PHP590 million in H1 2016.

"On the long term, we see our hotel operations to be a major contributor to our growth as we continue accelerate our hotel developments to support the country’s tourism industry," Canuto said.

"For Megaworld Group alone, we hope to complete an additional 3,500 rooms in our hotel portfolio in the next five years," he added.

The executive noted that the company sees to sustain its double-digit growth across its businesses until end-2017. (PNA)