Mayor Isko Moreno warns 2 companies to pay P25.54M debt within 72 hours

Mayor Isko Moreno warns 2 companies to pay P25.54M debt within 72 hours

- Mayor Isko Moreno revealed that two companies in Manila have a P25.54 million debt to the local government

- He gave 72 hours for the companies to settle their delinquencies

- If the companies will not pay their debts, it will lose its control over 5 markets in Manila

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Manila Mayor Isko Moreno revealed that two companies have failed to pay its P25.54 million debt to the local government.

KAMI learned that Moreno gave 72 hours or 3 days to XRC Mall Developers Inc and Marketlife Management and Leasing Corporation to pay their debts or else, they will lose their control over the 5 public markets in Manila.

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In a report by ABS-CBN News, Moreno explained that the two companies had a joint venture agreement with the previous administration. However, they never remitted the 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.

“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,” he added.

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In a previous report by KAMI, Moreno said that he wanted to make the new Ospital ng Maynila look like prestigious private hospitals, St. Luke’s Medical Center and Makati Medical Center.

Isko Moreno was the vice mayor of Manila City before he won as the mayor in the May 2019 polls. He started as a matinee idol and then became a politician.

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