Isko gives 2 market operators 72 hours to pay P25.54-M debt

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Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

MANILA - Manila Mayor Isko Moreno on Tuesday gave 2 companies 72 hours to pay P25.54 million in unpaid obligations or risk losing control of 5 public markets in the city.

XRC Mall Developers Inc and Marketlife Management and Leasing Corporation entered a joint venture agreement with the previous administration, but never remitted the city’s guaranteed annual revenue share since 2017, Moreno said.

“‘Yung maliliit na nagtitinda nagbabayad pero ‘yung malalaking korporasyon hindi nagbabayad. Parang ginagahasa niyo naman kami niyan,” the mayor said. Manila Mayor Isko Moreno gives Sta. Ana Market, San Andres Market, Sampaloc Market, Trabajo Market and Quinta Market operators 3 days to settle P25.54-M debt pic.twitter.com/bVYW1YZAp1

— Kat Domingo August 13, 2019 XRC-operated markets Sta. Ana Market, San Andres Market, Sampaloc Market and Trabajo Market incurred a P14.38-million debt between April 2017 and July 2019. Marketlife, the corporation behind Quinta Market, had P11.16 million in unpaid obligations in the same period.“In the absence of payment, we will invalidate or strike down your contract. No extension. You have to pay,” he added.The Estrada administration earlier signed joint venture agreements with the 2 companies to develop and operate the 5 public markets.

 

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Parang kamoteng ulalo, sablay na naman si penguin! 😂

laki ng kitaan sa mga privatization ng public markets...

What's your excuse now PresidentErap ? Para sa mahihirap pa rin ba?

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Belgique Dernières Nouvelles, Belgique Actualités