New Mandaue market earns P34.7M in 2012

RENT from stalls and government offices at the New Mandaue City public market increased the surplus revenue by P9 million in 2012 as compared to 2011’s surplus revenue.

Market administrator Musoline Suliva said that the market revenue collected in 2012 was P34.7 million as compared to the P25.7 million in 2011.

Suliva attributed the increase to the rent paid by 1,378 stall owners and government agencies such as the Bureau of Internal Revenue (BIR), which is renting space for its office at the second floor of the new market.

There are 1,445 stalls in the new market but 67 of these stalls are still vacant.

The transfer to the new market at the Mandaue Reclamation Area from the old market in barangay Mantuyong happened in 2012.

Suliva also said that the city government would soon install 36 close circuit television (CCTV) worth at P1.7 million as soon as it would be approved in the Bids and Awards Committee./Reporter Jucell Marie P. Cuyos