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


By Erma Edera

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.

Manila Mayor Isko Moreno (Manila PIO / MANILA BULLETIN)

Manila Mayor Isko Moreno (Manila PIO / MANILA BULLETIN)

“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.

“May kaunting kulang pero numero lang ‘yan. What matters most is the bulk of their obligation to the City of Manila is settled,” he added.

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.

XRC Mall Developers Inc. operates the Sta. Ana Market, San Andres Market, Sampaloc Market, and Trabajo Market. It incurred a P14.38-million debt between April 2017 and July 2019.

Marketlife Management and Leasing Corporation, which operates Quinta Market, had P11.16 million in unpaid obligations in the same period.

Moreno said Marketlife has encountered misunderstandings with the previous administration and with the collection of rents from tenants.

“Hindi naman ako nagtaka doon. The moment you engage yourself in that business, it is already your business to do that. We all have challenges,” he said.

“I’m waiting for Quinta Market (Marketlife). You have 48 hours to comply. We will go after you. If you will not settle your obligation, you have no business on Friday,” he added.

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