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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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DSWD turns-over Rural Health Unit in Guiuan, Samar. (PNA)

DSWD turns-over Rural Health Unit in Guiuan, Samar. (PNA)

PHL among top global investment destinations in 2016-2018 -- UNCTAD

MANILA, (PNA) -- The Philippines is one of the world’s prospective investment destinations of multinational enterprises (MNEs) this year until 2018, a report of United Nations Conference on Trade and Development (UNCTAD) noted.

UNCTAD has launched Tuesday the World Investment Report 2016 highlighting the global foreign direct investment (FDI) flows in 2015 as well as medium-term investment prospects.

The report includes a survey among MNEs’ investment destinations for 2016 - 2018, wherein the Philippines ranked eleventh most preferred host for MNEs’ investments in the next years.

Five percent of surveyed MNEs’ executives consider investing in the Philippines in the medium-term.

The UNCTAD report also noted that the Philippines, along with Myanmar (rank 14), is a new entrant in the list.

Forty-seven percent of MNEs’ executives said they will be investing in United States; retaining US as top FDI destination in the world.

US was followed by China (21 percent), India (19 percent), United Kingdom (15 percent), Germany (13 percent), Japan (13 percent), Brazil (11 percent), Mexico (11 percent), Indonesia (8 percent), and Malaysia (5 percent).

The Philippines, at rank 11, was followed by France, Australia, Myanmar, and Vietnam, completing the top 15 FDI hosts in the world.

The World Investment Report 2016 mentioned that among the most promising industries for attracting FDI in developing Asia like the Philippines are sectors of agriculture, utilities, food and beverages, and information and communication.

UNCTAD also highlighted a “noteworthy measure” taken by the Philippine government that will affect in attracting more investments in the future.

“The Philippines removed the foreign ownership restriction on lending firms, investment houses and financing companies. The country also reduced the number of professions reserved for Filipino nationals,” the UNCTAD report said.

The report showed that the FDI inflows in the country last year amounted to USD5.234 billion while FDI outflows, or Philippine companies’ investments in different parts of the world, was higher at USD5.602 billion.

Global FDI flows, on the other note, hit USD1.76 trillion in 2015 -- the highest FDI level since pre-crisis peak.

“A 38-percent jump in flows, to USD1.76 trillion, gives hope that global FDI is at long last returning to a growth path. But we are not yet out of the woods," UNCTAD Secretary-General Mukhisa Kituyi said.

UNCTAD expected FDI flows to decline by 10 to 15 percent this year while growth projected to resume in 2017 and surpassing USD1.8 trillion flows in 2018. (PNA)