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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
President Aquino receives from Prince and Grand Master of the Sovereign Order of Malta Fra’ Matthew Festing the symbolic key of 700 newly constructed houses for 'Yolanda' victims . (PNA)

President Aquino receives from Prince and Grand Master of the Sovereign Order of Malta Fra’ Matthew Festing the symbolic key of 700 newly constructed houses for 'Yolanda' victims . (PNA)

Aquino administration fires up PHL economy, foreign chambers say

MANILA, (PNA) -- The current administration led by President Benigno S. Aquino III has provided the country a good platform to further leap its economic growth, leaders of the Joint Foreign Chambers (JFC) said.

In a press conference during Arangkada Forum on Tuesday, Australia-New Zealand Chamber of Commerce (ANZCHAM) president Ian Porter said the Aquino administration has started the improvement of the country’s economy.

“This [administration] is a very good start. No administration accomplished necessary reforms in one period,” Porter said.

For his part, Canadian Chamber of Commerce Julian H. Payne mentioned that the current government has improved the country’s fiscal and monetary management.

Payne, however, said the country’s economy needs diversification from depending on remittances of overseas Filipino workers, strong business process outsourcing (BPO) industry, and success of Philippine Economic Zone Authority (PEZA) to agriculture, manufacturing, and mining sectors, among others.

“It [government] stands alone in financial or fiscal management; its monetary management have been very good. The improvement of banking sector has been very good. But there are still areas of improvement,” he noted.

“The question for this administration is how sustainable these reforms are?” ANZCHAM’s Porter added.

Porter further said the country’s gross domestic product (GDP) growth has a potential to grow by over 8.0 percent a year for a longer period if reforms are sustained.

Under the Aquino administration, annual GDP growth grew by an average of 6.3 percent.

Moreover, European Chamber of Commerce of the Philippines (ECCP) president Micahel Raeuber noted that the administration’s push to curb corruption and promoting integrity among government offices as well as in the business community has contributed to the country’s economic gains.

Raeuber said the voting population shall consider the next president as someone who can continue the reforms started by the Aquino administration and can keep business cost, energy, and transportation costs from rising as well as liberalization of the economy in order to increase the level of competition in the local market which will provide better quality and prices of products and services. (PNA)