Articles worth reading

MMDA lifts number coding for EDSA People Power anniversary

account_balanceMetro Manila access_time4 days ago

The Metropolitan Manila Development Authority (MMDA) said it suspended the number coding scheme on Feb. 25 for the commemoration of the 34th anniversary of the EDSA People Power Revolution. “MMDA’s Number Coding Scheme is lifted on ...

NCRPO chief orders probe on 'jueteng' in Metro Manila

account_balanceMetro Manila access_time4 days ago

National Capital Region Police Office (NCRPO) chief, Maj. Gen. Debold Sinas said they will map out areas in Metro Manila to identify where "jueteng" exists. However, Sinas believes that jueteng operations are not rampant in the metrop...

LRT2 stations in Santolan to Anonas to reopen by June

account_balanceMetro Manila access_time4 days ago

The Light Rail Transit Line 2 (LRT-2) plans to reopen its Santolan to Anonas stations by June for partial operations. Light Rail Transit Authority (LRTA) Administrator Reynaldo Berroya said repairs are underway for the two stations to resume op...

Manila News

Manila City

Five public markets owe Manila P25.54 million

account_balanceManila chat_bubble_outline0 Comments

Manila Mayor Isko Moreno asked two companies operating five public markets in the city to pay P25.54 million in unpaid taxes.

Manila PIO Photo Courtesy

“Itong companies XRC Mall Developers Inc. and Marketlife Management and Leasing Corporation… sila ay hindi nagbabayad sa siyudad ng Maynila for the past two years from April 2017 to July 2019, ” the mayor said via live video in his Facebook official account.

Moreno gave the two companies 72 hours to pay their debts. And if they fail to do so, the city government will take over the five privatized public markets, he added.

“Binibigyan ko po kayo ng 72 hours to pay your obligation to the people of Manila and the city government,” Moreno said.

“In the absence of payment, we will be forced to implement the provision of the contract to invalidate or at least strike down your contract,” he added.

In his live video, the Mayor enumerated the unpaid financial liabilities of XRC Mall Developers Inc. and Marketlife Management and Leasing Corporation, which are operating five of the city’s public markets.

The Mayor said XRC has a total unpaid obligation of P14,388,000, while Marketlife owes the city P11, 161,750.

XRC operates the Sta.Ana Market, San Andres Market, Sampaloc Market, and Trabajo Market. It incurred a P14.38-million debt between April 2017 and July 2019.
Marketlife, which operates Quinta Market, had P11.16 million in unpaid obligations in the same period.

The total unpaid obligations are the sum of the unremitted guaranteed annual revenue share (GARS), penalty fees, and surcharges that should be remitted to the local government.

XRC Mall Developers Inc and Marketlife Management and Leasing Corporation entered into a joint venture agreement with the previous administration.

However, they never remitted the city’s guaranteed annual revenue share since 2017, Moreno said.

The deal obligates them to remit a percentage of revenue share to the city every year, he added.

The Manila Bulletin is still trying to reach the two wet market operators for their comments.

date_rangeDate Published
6 months ago
shareShare article
folder_openArticle tags
content_copyCategorized under

Share your thoughts with us

Related Articles

Manila adopts facial recognition technology 

account_balanceManila chrome_reader_mode8 hours ago

Manila Mayor Isko Moreno said the city will deploy facial features recognition technology to help find fugitives and suspects in criminal activities. Moreno also called on victims to help the city by pushing through complaints filed so that sus...

Manila City Mayor Isko Moreno

Isko removes facilitator in hiring of employees

account_balanceManila chrome_reader_mode4 days ago

Manila Mayor Isko Moreno vowed to change the old practice in the City Hall when it comes to hiring new employees. Speaking before employees of the Manila Health Department under Dr. Arnold ‘Poks’ Pangan, Moreno assured that he ...

Photo courtesy of: PPA

PPA gets high satisfaction rating

account_balanceManila chrome_reader_mode4 days ago

For the second straight year, the Philippine Ports Authority (PPA) scored big in the annual port user’s satisfaction survey particularly on the aspect of integrity. The 2019 survey conducted by the Development Academy of the Philippines (...

Photo courtesy of: TIEZA

Club Intramuros opens for night golf

account_balanceManila chrome_reader_mode1 day ago

The Tourism Infrastructure and Enterprise Zone Authority (TIEZA) opened night golf operations at Club Intramuros Golf Club (CIGC) on Feb. 26, 2020 Manila Mayor Isko Moreno Domagoso served as a special guest during the event. Professional g...

Photo courtesy of: Manila DRRM Office

Chinese national injured in Manila gun attack

account_balanceManila chrome_reader_mode4 days ago

A 43-year-old Chinese businessman was injured after an unidentified gunman onboard a motorcycle shot him in his car along along Padre Burgos Avenue in Ermita, Manila on Feb. 23. Police identified the victim as Wenyan Shao, 43, businessman, a re...

Letran set to celebrate 400th anniversary

account_balanceManila chrome_reader_mode9 hours ago

President Rodrigo Duterte declared 2020 as the year for the celebration of the 400th founding anniversary of the Colegio de San Juan de Letran. Duterte signed Proclamation 908, declaring 2020 as "Year for the Celebration of the Quadricente...

Advertisement

×
Isko opposes privatization of Manila properties SMC's P1-B Tullahan River dredging seen to mitigate floods Pasig rewards outstanding athletes with cash incentives Duterte delivers message on 1986 People Power anniversary PH observes EDSA People Power anniversary Skyway 3 construction to close lanes at Balintawak Interchange Send Press Release MNC Facebook Page MNC Twitter Page MNC Instagram Page LGU Spotlight Barangay Front Business Sports Entertainment Metro Gen Metro Feature