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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
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Department of Trade and Industry Secretary Gregory L. Domingo during National Competitiveness Council Philippines 'Doing Business Made Easier' Signing Ceremony . (PNA)

Department of Trade and Industry Secretary Gregory L. Domingo during National Competitiveness Council Philippines 'Doing Business Made Easier' Signing Ceremony . (PNA)

PHL now filling up gaps in supply chain, DTI chief says

MANILA, (PNA) -- The Philippines is now attracting investments from basic components manufacturers that will fill up gaps in the local supply chain, Department of Trade and Industry (DTI) Secretary Gregory L. Domingo said Tuesday.

Domingo told reporters that there are big companies in the earlier part of the supply chain that had invested and there are more firms manufacturing basic components coming in to the Philippines.

“There are big players now who are coming in to fill up big gaps in our supply chain which makes us more competitive and then bring in more companies that are downstream from that supply chain,” he said.

“Because for us to have that, those that have supply, will have more reason to locate here… This will strengthen our posturing for companies that are later in the supply chain,” he stressed.

Currently, the country’s manufacturing sector is strong in its sub-assembly or the latter part of the supply chain but lacks on producers of basic components.

Among those new investments in the earlier part of the supply chain were Japanese manufacturer of bicycle and rowing equipment Shimano Inc. which invested Php1.32 billion in the Philippines for a bicycle components facility in Sto. Tomas, Batangas and German manufacturing giant STIHL Group that invested Php2.5 billion in Sto. Tomas, Batangas also to produce different types of carburetors.

In a previous interview, Domingo also mentioned that there is a consumer-device parts manufacturer that expanded in the country to produce new line of products including plastic, aluminum, and metal cases for consumer devices, among others.

The DTI chief added that there are players in sub-assembly that are investing big-scale factories in the country which pushes them to bring in their supply chain.

“As this happens, you strengthened your early part of supply chain which will also strengthen the latter part of your supply chain. And if you strengthen the latter part of supply chain, you’re attracting more early part of supply chain and it caters to many other products, not only particular products,” Domingo said.

“[Investors are coming in] because of the good governance, strong economy, and the skills of our human resources,” he noted. (PNA)