Duty Free Philippines Corporation to open more stores in 2019

Manila, Philippines  — Duty Free Philippines Corporation (DFPC) Chief Operating Officer (COO) Vicente Pelagio Angala on Wednesday announced the agency’s plan to open new stores at the international airports of Puerto Princesa, Palawan and Panglao, Bohol this year.

With this expansion, the state-owned retail company is giving speed to its target of reaching 15 percent of the international traveller by 2027.

“We are in coordination with the Department of Transportation (DOTr) and definitely it will happen this year,” said Angala.

Speaking with the media, Angala also revealed that DFPC’s total sales reached USD 217 million in 2018, a two percent growth from 2017.

Filipino tourists, Balikbayan’s and OFWs remain the DFPC’s top source market with 59.9 million USD total of transactions, followed by the Americans (4.9 million USD), Chinese (1.5 million USD), and Canadians (1.1 million USD).

While the top five best-selling categories are confectionary, liquors and spirits, perfume and cosmetics, fashion, and supermarket.

“One of the factors that contributed to this growth is our partnerships with third-party online payments solutions such as Alipay and WeChat,” said Angala.

“Our collaboration also with the Department of Trade and Industry’s Go Lokal program has steadily grown to this day and we expected to continue to grow in the coming years,” he added.

In line with the thrust of Secretary Bernadette Romulo-Puyat to promote proudly Pinoy-made products, DFPC in close coordination with the Department of Tourism in adding homegrown products thru the Philippines’ Finest Kiosk.

These plans and programs bode well for the DFPC’s higher target of USD 220 million for 2019.

“With the challenges and hurdles the industry is facing, The DFP will stay committed to its mandate to boost the country’s tourism industry by providing Filipino travellers with an extensive range of gifts to bring home to their loved ones,”  said Angala.

Balikbayan Media Center
Balikbayan Media Center

Balikbayan Magazine's Media Center serves an audience in 60 countries and 101 cities throughout the World to ignite, drive, and fuel the economic development, progression, and modernisation of the Philippines. Our Media Center curates only the most critical, vital, useful, entertaining, and sometimes amusing information released from both the public and private sector. Our editorial team strongly believes that a well-rounded and well-informed society is a thriving society.

No Comments Yet

Leave a Reply

Your email address will not be published.