Connect with us

Business and Economy

Duty Free Philippines not closing provincial outlets

Published

on

 

The initial plan was to permanently shut down the Duty Free outlets in Bacolod, Davao, Iloilo, Clark and Kalibo to address the state-owned corporation’s “already precarious financial condition” brought by the health crisis that had virtually cut-off air traffic. (File photo: Duty Free Philippines/Facebook)

MANILA – The Duty Free Philippines Corporation (DFPC) has cancelled its plan to permanently close its provincial airport stores as a response to the coronavirus’ impact on travel retail.

“With the shift to GCQ (general community quarantine) which eased most travel restrictions and reopened air travel, the DFPC Management saw an opportunity and a ‘small window of hope’ for improvement,” the DFPC said in a statement on Saturday.

The initial plan was to permanently shut down the Duty Free outlets in Bacolod, Davao, Iloilo, Clark and Kalibo to address the state-owned corporation’s “already precarious financial condition” brought by the health crisis that had virtually cut-off air traffic.

“After two weeks of situational assessment, (the) Management, thru its Memorandum dated June 15 2020, decided to indefinitely postpone the permanent closure of the above mentioned outlets trusting that normalcy will be regained sooner,” it said.

The DFPC further said its operations relied on tourism and passenger traffic and with no income to manage its operational expenses, it had to resort to various means to survive.

In a separate statement, Tourism Secretary Bernadette Romulo-Puyat, chairperson of DFPC’s Board of Directors, added there is no decision to lay off employees during the pandemic.

“The dissolution or permanent cessation of operations of the DFPC are definitely not options on the table as we address the impact of global travel restrictions on our business performance. The continued employment of our workers remains a top priority,” she said.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maria in Vancouver

Lifestyle1 week ago

The Real Rich

Margaret Atwood aptly captured this dynamic with the phrase, “Old money whispers, new money shouts.”  Let me elaborate on this...

Headline3 weeks ago

Love in the Afternoon of Life

Love in later life—the 50s, 60s, 70s, and beyond—is a thriving, fulfilling reality. It offers companionship, improved well-being, and joy,...

Headline1 month ago

Your Most Important Relationship is With Yourself

Valentine’s Day shouldn’t be celebrated only for one day. Love should be celebrated everyday. Valentine’s Day, when expanded beyond romance,...

Headline2 months ago

The 2016 Trend Made Me Reflect On My Past & Present

Like many others, I couldn’t resist joining the 2016 throwback trend.  It was all over social media, with everyone sharing...

Headline2 months ago

How To Be Healthier Realistically

It’s a brand-new year and a brand new you! If you’re like me who had been indulging quite a bit...

Headline3 months ago

Celebrating The Spirit Of Christmas

For many people, Christmas is the loneliest time of the year — it could be due to the fact that...

Headline4 months ago

Fun Facts About Christmas

It’s definitely beginning to look and smell a lot like Christmas! The beautiful thing about Christmas is that it’s mandatory...

Lifestyle4 months ago

How To Keep The Music Playing

You and your partner or spouse have been in a long-term relationship. Somehow, over the years, the fizz has fizzled...

Headline4 months ago

Declutter Your Life

There will be days when we feel like too much is going on around us — too much unnecessary noise...

Health5 months ago

A Healthy Mind Matters

Like the rest of the world, I was deeply saddened and shocked when I read that TikTok influencer, Emman Atienza...