BAGONG SIBOL MARKET. The new market will house 100 vendors who will only be charged with minimal rent fees. Photo from Marikina PIO Facebook PagePhilippines – The city government of Marikina will open a new public market worth P11 million this year to house vendors displaced in the street clearing operations.
The new market dubbed “Bagong Sibol Market” will house around 100 vendors, who will only be charged with minimal rentals. Marikina City Mayor Marcelino Teodoro plans to provide decent places and microfinancing for sidewalk vendors and ambulant vendors who come from nearby cities and municipalities by developing public market zones and extending loans.
“We develop places like this so that vendors can have a decent place where they can sell their products. We help them, at the same time they help our local economy,” Teodoro said in a statement on Sunday, August 18. Teodoro said the city had complied with the order of the Department of the Interior and Local Government for