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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

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
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DOST-MIRDC's Hybrid Electric Road Train. (PNA)

DOST-MIRDC's Hybrid Electric Road Train. (PNA)

Foreign chamber of commerce urges gov't for "bold inclusive reforms" in agribusiness

MANILA, (PNA) -- The Joint Foreign Chamber of Commerce of the Philippines (JFC) launched on Tuesday a policy note on agribusiness, urging the government for a bold inclusive reforms in agribusiness for the next decade.

JFC noted that the agribusiness sector can help the government in addressing poverty and making economic growth more inclusive.

In 2014, the agriculture sector contributed 10 percent to gross domestic product (GDP). Its output remained flat at Php 789 billion last year, or only 0.11 percent higher than the Php 788 billion in 2014.

But the sector accounts for close to one-third or around 12 million of the total workforce. Most of them are located in rural areas where the sector plays a crucial role. Data also show that 73 percent of the country’s poor resides in these areas.

“A sense of urgency is needed to unleash, modernize, and diversify the business of agricultural and food production,” JFC stated in its policy note.

“Beginning with high input costs during production, agribusinesses in the Philippines must also contend with a supply chain that progressively erodes the sector’s competitiveness en route to consumer markets,” the policy note read.

The JFC urged the government to enhance market access for the sector by improving market information, technology transfer, marketing, export promotion, and broader trade facilitation measures.

The sector should also take advantage of free trade agreements and other trade deals between the Philippines and other countries such as the ASEAN Trade in Goods Agreement (ATIGA), among others.

The foreign chamber also pushed for better access to finance for the sector by focusing more on ways to reduce risks inherent to agricultural sector such as provision of basic infrastructure, appropriate technology and improved market information rather than mandating loan quotas as well as re-focusing Land Bank of the Philippines’ scope from universal banking activities to supporting agricultural sector.

Other recommendations of the business groups include liberalizing the land market, boosting infrastructure investments, and rationalization of extension services.

“Smallholder farmers form the bulk of the poor and food insecure in the Philippines… Bold measures are needed to open up markets, unleash capital, address land reforms, improve infrastructure, and rationalize extension services,” JFC stressed.

“The JFC remains committed to sustaining the momentum for economic and agricultural reforms now and over the next decade,” it added.(PNA)