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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
Empowering MSMEs in ASEAN. (PNA)

Empowering MSMEs in ASEAN. (PNA)

DTI wants additional P2-B for P3, P1-B budget for SSF

MANILA, -- Department of Trade and Industry (DTI) Secretary Ramon Lopez eyes an additional PHP2.0 billion for its microfinance program "Pondo sa Pagbabago at Pag-asenso" (P3) and another PHP1.0 billion as shared service facility (SSF) budget for 2018.

On the sidelines of the ASEAN 2017 MSME Development Summit here Friday, Lopez told reporters that DTI is eyeing for additional PHP2 billion for P3 Program next year from the current PHP1 billion budget this year.

“We need more [budget] if we want to really reach more micro borrowers,” he said.

The official said that some PHP30 billion were circulating in the market under a “5-6” lending scheme.

Lopez noted that in order to replace the said lending scheme, the same amount is needed to be rolled out.

To date, some PHP740 million were allocated already by the government for micro borrowers.

Lopez stressed that the government is now more aggressive to reach out to micro, small, and medium enterprises (MSMEs), particularly in terms of improving access to finance in order for MSMEs to discourage tapping loan sharks.

Moreover, DTI seeks to relaunch the shared service facility (SSF) program, eyeing some PHP1-billion budget next year.

Through SSF, DTI gives equipment to MSMEs in order to produce quality products and make the sector more competitive in both domestic and international markets.

Lopez however noted that only PHP200 million were allocated for SSF program next year.

“The ecosystem of support for MSME is here. The government is now more aggressive in reaching out [MSMEs] for training, funding, and machine,” Lopez said. (PNA)