Market operator settles part of P14.38 million debt with City of Manila

📆 15/8/2562 0:40:00
📰 manilabulletin

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One of the operators of public markets in Manila, XRC Mall Developers Inc., have settled a P12.9 million portion of their P14.38-million debt, a day after Manila Mayor Isko Moreno gave the two companies 72 hours to settle their unpaid obligations.

“I hope this will not happen and I will not allow this to happen again I will continue to protect the interest of Manila,” the Mayor said via live video in his Facebook official account on Wednesday.

Moreno also showed the check during his live video, a proof that XRC has already complied with his ultimatum to pay their unsettled obligations in the city. Marketlife Management and Leasing Corporation, which operates Quinta Market, had P11.16 million in unpaid obligations in the same period.

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