Two market operators in Manila were given 72 hours to settle their unpaid obligations worth P25.54 million or the contracts that they entered into with the city will be invalidated.
Manila Mayor Isko Moreno lambasted XRC Mall Developers Inc and Marketlife Management and Leasing Corporation for failing to remit the city’s s guaranteed annual revenue share since 2017.
“‘Yung maliliit na nagtitinda nagbabayad pero ‘yung malalaking korporasyon hindi nagbabayad. Parang ginagahasa niyo naman kami niyan,” Moreno said in an abs-cbn.com report.
The two market operators entered a joint venture agreement during the administration of then Manila mayor Joseph Estrada.
According to Moreno, XRC, which operates Sta. Ana Market, San Andres Market, Sampaloc Market and Trabajo Market, incurred a P14.38-million debt between April 2017 and July 2019.
Marketlife, which runs Quinta Market, had P11.16 million in unpaid obligations in the same period.
“Binibigyan ko kayo ng 72 hours to pay. This is unfair. Hindi makatwiran yan. In the absence of payment, we will invalidate or strike down your contract. No extension. You have to pay,” Moreno said.
