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.
The district of Binondo in Manila is cautious on the possible entry of coronavirus especially in light of the festivities connected with the Chinese New Year on January 25. Given that many people are expected to troop on the streets during the ...
Manila City Mayor Francisco “Isko Moreno” Domagoso donated P4 million of his talent fees from product endorsements to the province of Batangas for the benefit of those affected by Taal volcano’s January 12 eruption. The Manila...
Manila Mayor Isko Moreno asked Tondo residents to celebrate the feast of the Sto. Nino peacefully. .Moreno, himself a true-blue ‘Tondo boy’, said the annual celebration must not be marred by petty fights that often lead to riots and...
Residents of Tondo filled the streets on Sunday to celebrate a festival for their beloved Sto. Niño. Early in the morning, devotees trooped to the church bearing the images of the Child Jesus to have them blessed. Children then took par...
Manila police arrested a Chinese fugitive who was allegedly involved in illegal drug activities in an operation in Clark, Pampanga. Wang Janquiang, 40, who was arrested on 17, was presented to Manila City Mayor Francisco “Isko Moreno” Do...
The original image of the Our Lady of La Naval arrived in Intramuros, Manila on Jan. 24. The Manila Cathedral in a Facebook post inviting the faithful to witness the visit of the image to the cathedral and its procession around Intramuros....