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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
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Latest Press Release
DPWH Undersecretary for Planning and Public-Private Partnership (PPP) Maria Catalina E. Cabral, during the Asia Pacific Economic Cooperation (APEC) meet here on Thursday July 23. (PNA)

DPWH Undersecretary for Planning and Public-Private Partnership (PPP) Maria Catalina E. Cabral, during the Asia Pacific Economic Cooperation (APEC) meet here on Thursday July 23. (PNA)

PHL on track hitting 5% of GDP infra spending by 2016

ILOILO CITY, Iloilo (PNA) -- The PHP391-billion proposed budget of the Department of Public Works and Highways (DPWH) for next year will support the Philippine government’s target of increasing infrastructure spending by 5.0 percent of gross domestic product (GDP) by 2016.

DPWH Undersecretary for Planning and Public-Private Partnership (PPP) Maria Catalina E. Cabral, during the Asia Pacific Economic Cooperation (APEC) meet here on Thursday, said the department’s budget for 2016 indicates thrust of the government to improve infrastructure in the country.

“By 2016, we have submitted a budget proposal of PHP391 billion or USD 8.7 billion,” said Cabral.

“This will show how serious the government is to increase infrastructure spending to 5.0 percent of GDP by 2016,” she added.

DPWH’s 2016 budget is higher by 43 percent than the PHP273 billion allocation for this year and more than double than its budget in 2014 at PHP190.9 billion.

The DPWH will also get the second highest allocation from the PHP3.0 trillion 2016 national budget, only next to the Department of Education (DepEd) and followed by the Department of National Defense (DND).

“These tasks of improving our land transport system coupled with its major flood control system and other basic social infrastructure all over the country has lead our country grow by leaps and bounds as shown in our latest GDP and so as driver to have a sustained and high economic growth and be more globally competitive,” the DPWH official said.

“We are committed to deliver networks of roads and bridges that will make our archipelagic country as one for a safer, faster and more convenient physical connectivity throughout the Philippine islands and be convergent with our neighboring country in Asia Pacific region,” she added.

“This poses for a big challenge not just to the government but also to the construction industry,” Cabral stressed.

The government, in partnership with the private sector and financial institutions, have completed 43.21-kilometer high-standard highway network in Metro Manila and surrounding areas; about 201 kilometers of road projects are near completion or with construction still ongoing; and three more road projects or some 112 kilometers are in the pipeline.

“We are now engaged in a fast track mode to be able to increase our available resource base and promote PPP investments,” Cabral said.

Meanwhile, Iloilo City is hosting APEC Workshop on Infrastructure Financing and Capital Market Development from July 23 to 24. (PNA)