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                    [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
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COLOMBO MANAGEMENT HONG KONG LTD

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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.


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abtest

New contract to hike DFP profits by P35-M

October 24, 2003 - 12:00am

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...

Headlines