A corporation handling the operation of Quinta Market in Manila has paid P4.9 million out of its’ P11.16-million obligation to the city that was accumulated over the last two years.Marketlife Management and Leasing Corporation gave the check, two days after Manila Mayor Isko Moreno on Tuesday said the government would take over the five privatized public markets if they fail to pay their dues to the city within three days.
XRC Mall Developers Inc. and Marketlife Management and Leasing Corporation entered into a joint venture agreement with the previous administration to operate five public markets in Manila.Moreno said Marketlife encountered misunderstandings with the previous administration, and with the collection of rents from tenants.
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