Mandaue public market’s earnings improve
CEBU, Philippines - The new Mandaue City public market earnings rose by P9 million in 2012 as compared to the previous year’s earnings.
City market administrator Mosulini Suliva said the market earned P34.7 million in 2012. It earned P25.2 million in 2010
After expenditures, the market showed a net surplus of P12.8 million last year.
Suliva said the city pays P3 million every month for the loan it incurred to build the new market building, which has 1,445 stalls. Only 67 stalls remain vacant.
The city government plans to build a one-stop shop for tourists in the area where the old market is located. The old building has been declared unsafe for occupation by the City Engineering Office.
Apart from stall rental, the market also earned from lease right fees, penalties, and fees for water, electricity and toilet users.
The Bureau of Internal Revenue is renting an office at the new market.
Suliva also said 36 security cameras worth P1.7 million will be installed at the market within this year. (FREEMAN)
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