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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
PH Athletes at ASEAN PARA Games. (PNA)

PH Athletes at ASEAN PARA Games. (PNA)

PSEi surges for 3rd straight day, peso stays strong vs. USD

MANILA, -- The Philippines’ main stocks index’ rallied for the third day in a row Monday, closing at over 8,200-level on sustained rise in Wall Street.
The Philippine Stock Exchange index (PSEi) surged by 1.39 percent, or 113.29 points, to 8,294.14 points, which PSE president and CEO Ramon S. Monzon, in a statement, said was “mostly in-step with gains in Wall Street and other Asian markets.”
“We are pleased to see the momentum continuing behind investor optimism over the market’s prospects,” he added.
To date, the main index has risen by 21.2 percent and its intra-day level of 8,294.14 points also registered its highest to date.
The broader All Shares index tracked the main index after it rose 1.04 percent, or 50.15 points, to 4,886.48 points.
Most of the sectors ended with gains, led by the Holding Firms, 2.29 percent, followed by Property, 1.65 percent; Financials, 0.97 percent; and Services, 0.12 percent.
On the other hand, Mining and Oil and Industrial fell by 0.12 percent and 0.08 percent, respectively.
Volume for the day reached 1.30 billion shares amounting to PHP8.11 billion.
Gainers led losers at 121 to 83 while 46 shares were unchanged.
Meanwhile, the local currency on Monday closed at 51.10, a bit better than the 51.165 last Friday.
It opened the day at 51.17 from 51.25 in the previous session.
It traded between its closing level and 51.26, resulting in an average of 51.177.
Volume for the day reached USD502.9 million, lower than the USD638.6 million last Friday. (PNA)