Five public markets owe Manila P25.54 million
Manila Mayor Isko Moreno asked two companies operating five public markets in the city to pay P25.54 million in unpaid taxes.
“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.
Around 15,000 people participated in the 34th International Coastal Cleanup (ICC) of Baseco in Tondo, Manila on September 21. The cleanup, dubbed “Bayanihan para sa Malinis na Karagatan”, aims to encourage Filipinos to help in ...
The Philippine Charity Sweepstakes Office (PCSO) had donated P1 million to the Gat Andres Bonifacio Memorial Medical Center (GABMMC) in Tondo, Manila. PCSO General Manager Royina Garma said the P1-million aid will be used to improve the operations o...
The city government of Manila strengthened its monitoring of all markets and ports to prevent the entry of the African Swine Fever (ASF). The Veterinary Inspection Board (VIB) said it is “way ahead” in its campaign against the sprea...
Philippine Offshore Gaming Operators (POGOs) have replaced call centers and business process outsourcing (BPO) firms as the biggest occupants of office buildings in Metro Manila, according to Leechui Property Consultants. Leechui Property CEO David ...
Manila Mayor Isko Moreno Domagoso considers using technology to lessen corruption in government. “To solve corruption, we need to limit human discretion. To do that, we need to use technology. Naturally, corruption will die,” Domagoso sa...
Manila Mayor Francisco “Isko Moreno” Domagoso gave two shopping malls a 72-hour ultimatum to stop the sale of stolen mobile phones and other items inside their establishments. Domagoso issued the order Monday morning following ...