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+ Follow CMH Tag
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[ArticleID] => 225286
[Title] => New contract to hike DFP profits by P35-M
[Summary] => State-run Duty Free Philippines (DFP) is set to implement an agreement with a foreign firm to supply it with liquor and increase its profits to at least P35 million a year.
Michael Kho, DFP general manager, said the contract with Colombo Management Hong Kong Ltd. (CMH) would allow the company to eventually return to its mandate of helping fund tourism development and promotions programs.
The agreement, signed in December 2000 by his predecessor Faustino Salud, was deferred so better "commercial terms" could be extracted from CMH, he added.
[DatePublished] => 2003-10-24 00:00:00
[ColumnID] => 133272
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CMH
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[results] => Array
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[0] => Array
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[ArticleID] => 225286
[Title] => New contract to hike DFP profits by P35-M
[Summary] => State-run Duty Free Philippines (DFP) is set to implement an agreement with a foreign firm to supply it with liquor and increase its profits to at least P35 million a year.
Michael Kho, DFP general manager, said the contract with Colombo Management Hong Kong Ltd. (CMH) would allow the company to eventually return to its mandate of helping fund tourism development and promotions programs.
The agreement, signed in December 2000 by his predecessor Faustino Salud, was deferred so better "commercial terms" could be extracted from CMH, he added.
[DatePublished] => 2003-10-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] =>
)
)
)
abtest
October 24, 2003 - 12:00am
Recommended
The Quezon City Regional Trial Court (QC RTC) yesterday ordered the arrest of Vice President Sara Duterte over the grave threats case filed by the Department of Justice (DOJ).
21 hours ago
The House prosecution panel has dropped as witnesses two of Vice President Sara Duterte’s former security officers and her alleged former bagman, Ramil Madriaga, saying evidence already presented is sufficient to establish allegations of misuse, misappropriation and irregular liquidation of P612.5 million in confidential funds.
21 hours ago
"Uy ex ko, uy husband ko" was the only thing that crossed Sharon Cuneta's mind when Robin Padilla and Kiko Pangilinan loudly exchanged words last May.
1 day ago
The Food and Drug Administration's acting chief faced pointed questions on Friday, September 4, over how he got the post, after Sen. Raffy Tulfo linked his appointment to a controversial predecessor.
1 day ago
(2nd update) The vice president is facing an arrest over three counts of grave threats, with bail set for each count.
1 day ago
Lotto Sep 4, 2026
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Forex
February 12, 2018
- 12:00 am
- 12:00 am
1$ : P51.66









