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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
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PHL foreign reserves hits USD 81 B in January ‘17

MANILA, (PNA) - Gross international reserves (GIR) of the Philippines rose to USD 81.04 billion in January 2017, higher than the USD 80.7 billion last December and the USD80.7 billion in January 2016, data released by the Bangko Sentral ng Pilipinas (BSP) on Tuesday showed.

In a statement, BSP officer-in-charge Nestor A. Espenilla Jr. traced the higher foreign exchange reserves to inflows from the net foreign currency deposits of the national government (NG) with the central bank.

Other factors include the revaluation adjustments on the central bank’s gold holdings, following the uptick of gold prices in the international market, and the income of central bank’s investments overseas.

”These were partially offset by the payments made by the NG for its maturing foreign exchange obligations and by the BSP’s foreign exchange operations,” Espenilla said.

The BSP official said the current level of foreign reserves was enough to cover 9.2 months worth of goods and payments of services and primary income and equivalent to 5.8 times the country’s short-term foreign liabilities based on original maturity.

During the same period, net international reserves (NIR) or the difference between the central bank’s foreign reserves and the total short-term debt, rose to USD81.04 billion from month-ago’s USD80.69 billion. (PNA)