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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
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Latest Press Release
Sen. Juan Edgardo Angara speaks at the 40th Philippine Business Conference and Expo in Manila Hotel. (PNA)

Sen. Juan Edgardo Angara speaks at the 40th Philippine Business Conference and Expo in Manila Hotel. (PNA)

Address inconsistent bureaucracy to promote investments -- PCCI chief

MANILA, (PNA) -- Philippine Chamber of Commerce and Industry (PCCI) President Alfredo M. Yao urged the government to address inconsistency in the bureaucracy in order to meet investors expectations and further promote investments in the country.

During the 40th Philippine Business Conference (PBC) of the country's largest business organization which opened Wednesday, Yao said the inconsistencies in the bureaucratic system is specifically in the local government level.

"There are some inconsistencies. For example, the national government has investment law (but) the local government is doing another thing," said Yao.

He said the local government should complement the efforts of the national government who made actions to promote the Philippines as an investment hub.

The PCCI chief added that among the main concerns of foreign investors' in the Philippines is the inconsistent policies in terms of business.

"They are teaching us, if you have investment plans -- for example Board of Investments' (BOI) Investment Priorities Plan -- if you give that and investors applied and you approved their investments, it's like a Bible that you give to them. Follow your plans," he said.

Yao also mentioned that these actions are crucial to the upcoming ASEAN economic integration.

"With the ASEAN integration forthcoming in 2015, and the enormous challenges that globalization and regional integrations carry, now more than ever, the importance of the Philippine Business Conference as a rallying platform wherein the business community, the government and other stakeholders collectively act in unison to address common challenges related to business competitiveness, good governance and inclusive and sustainable growth, has never been more pronounced," he added.

Meanwhile, the 40th PBC highlights the competitiveness of local industries and the quality of Philippine-made products and services.

With the theme "Proudly Pinoy: Partnering towards Sustained Growth", the PBC aims to promote local brands and creating the niches and value additions in the regional and global value chains.

At the end of the three-day conference, the business group will submit resolutions to President Benigno S. Aquino.

"The resolutions speak the real sentiments of the Philippine business community. It is a serious and important process that we undertake to offer solutions to key problems of the country such as the high cost of power and energy and logistics, the effects of climate change on business and environment, employment mismatch, and improving education standards, reviving our industries and improving their competitiveness, lowering the cost of doing business, diversifying exports and ease of trade facilitation system, promoting competition, seizing the benefits of international trade and liberalization, and supporting the growth of micro, small, and medium enterprises, among others," Yao said. (PNA)