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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
pna.gov.ph
tel. no. 352-43-34
Latest Press Release
Solarus Inc. Managing Director Techie Capellan shows the solar generating power monitor to Bank of the Philippine Islands President and Chief Executive Officer Cesar "Bong" Cosing during the ribbon cutting of the first solar powered BPI Ayala Avenue Extension branch in Makati City Friday (May 24,2013). (PNA)

Solarus Inc. Managing Director Techie Capellan shows the solar generating power monitor to Bank of the Philippine Islands President and Chief Executive Officer Cesar "Bong" Cosing during the ribbon cutting of the first solar powered BPI Ayala Avenue Extension branch in Makati City Friday (May 24,2013). (PNA)

 Electronic products account for 25% of PHL import bill

MANILA, (PNA) -- Accounting for 25.3 percent of aggregate import bill, payments for electronic products (including consigned and direct importation using the expanded coverage of electronic products) in March 2013 amounted to $ 1.246 billion, the country's National Statistics Office reported Friday.

It went down by 0.6 percent over last year's figure of US$ 1.25 billion.

On a monthly basis, it fell by 0.1 percent from US$ 1.25 billion recorded in February 2013.

Among the major groups of electronic products, components/devices (semiconductors), having the biggest share of 19.4 percent, increased by 3.4 percent to US$ 954.97 million in March 2013 from US$ 923.68 million in March 2012.

Imports of mineral fuels, lubricants and related materials ranked second with 21.1 percent share and posted a negative annual growth rate of 32.6 percent from reported value of US$ 1.54 billion in March 2012 to US$ 1.04 billion in March 2013.

Transport equipment was the Philippines' third top import for the month with 7.5 percent share to total imports valued at US$ 369.77 million in March 2013.

This figure went up by 12.8 percent from previous year level of US$ 327.88 million.

Industrial machinery and equipment, contributing 5.1 percent to the total import bill was the PH’s fourth top import for the month amounting to US$ 249.31 million.

It decelerated by 1.5 percent compared to last year’s value of US$ 253.10 million.

Other food and live animals recorded US$ 160.75 million worth of imports, higher by 13.2 percent from its year ago level of US$ 142.02 million.

Rounding up the list of the top 10 imports for March 2013 were iron and steel valued at US$ 132.01 million; metalliferous ores and metal scrap amounting to US$ 127.64 million and registering the highest annual growth rate of 108.1 percent among the top ten imports; plastics in primary and non-primary forms, US$ 121.91 million; telecommunication equipment and electrical machinery, US$ 114.05 million; and organic and inorganic chemicals, US$ 100.88 million.

Aggregate payment for the country’s top 10 imports for March 2013 reached US$ 3.663 billion or 74.4 percent of the total import bill.

Accounting for 38.7 percent of the total imports, payments in March 2013 for raw materials and intermediate goods amounted to US$ 1.90 billion or a 1.5 percent increment over last year's figure of US$ 1.88 billion.

Compared to the previous month’s level, purchases also went up by 13.0 percent from US$ 1.69 billion.

Semi-processed raw materials had the biggest share of 33.5 percent and valued at US$ 1.651 billion.

Capital goods, which comprised 26.9 percent of the total imports, rose by 0.8 percent year-on-year to US$ 1.32 billion from US$ 1.31 billion.
Mineral fuels, lubricants and related materials with 21.1 percent share to total imports declined by 32.6 percent from US$ 1.54 billion to US$ 1.04 billion in March 2013.

Purchases of consumer goods amounted to US$ 612.50 million or a 3.2 percent growth from US$ 593.79 million in March 2012 while special transactions went down by 8.9 percent from US$ 46.50 million to US$ 42.38 million in March 2013. (PNA)