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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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+63 352 43 34,
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Latest Press Release
2016 Eastern Regional Organization for Public Administration (EROPA) Conference. (PNA)

2016 Eastern Regional Organization for Public Administration (EROPA) Conference. (PNA)

S&P Global Ratings eyes higher '16 growth for PHL

MANILA, (PNA) -- Sustained robust growth of the Philippine economy in the first half of 2016 made S&P Global Ratings consider a higher output for the country this year.

In a report entitled "Asia-Pacific Steadies While China Goes Silent," the credit rater said the country is expected to remain among the strongest in the Association of Southeast Asian Nations (ASEAN).

In its latest report, the debt watcher eyes a growth range of 6 to 6.9 percent for the Philippines this year.

Its 2017 projection is a range between 5.6 percent to 6.7 percent while growth in 2018 is seen to stay between 5.7 percent to 6.7 percent.

Last May, S&P Global Ratings projected a six percent output for the country this year and 6.3 percent for 2017.

"The Southeast Asian economies are seeing stable growth with the Philippines outperforming the region, given its growing middle class, a business process outsourcing boom, and expansionary fiscal policy with emphasison public infrastructure," it said.

In the first half of the year, the country registered a growth, as measured by gross domestic product (GDP), of 6.9 percent, one of the highest in the region during the period.

In the second quarter alone, growth posted a seven percent expansion, the highest in the region.

Domestic expansion is continuously driven by remittances and the business process outsourcing (BPO) sector, among others.

The government's growth target this 2016 is a range between 6 to 7 percent.

It has yet to announce the domestic economy's output for the third quarter of the year.

The S&P report said Asia Pacific economies were "relatively quiet" in the third quarter as "growth trends have been stable and financial markets have been fairly calm."

"Strong growth continued in the Philippines and Vietnam," it added.

Last September, the debt rater affirmed its ratings and outlook on the Philippines due to the robustness of the economy in recent years as well as the strong external payments position, backed by rising foreign exchange reserves and low and declining foreign liabilities.

To date, it has a 'BBB' rating with 'Stable' outlook on the country's long-term rating, 'A-2' short-term sovereign rating and 'axA/axA-2' ASEAN regional scale rating. (PNA)