LGU markets log P47.5M in revenues for 2022

The local markets under the city government’s economic enterprise operations pulled in a total of P47.5M in revenue for 2022, the Office of the City Administrator reported Tuesday, May 30, during the regular press briefing at City Hall.

Assistant City Administrator Cesar Raz said the Main Public Market generated an annual income of Php 26.9M, while the Sta. Cruz Commercial Complex earned P19.9M.

Both markets posted higher revenues compared to last year’s figures.

On the other hand, the four Night Markets operating in Rizal Street, Mercado Street, Divisoria – Integrated Bus Terminal, and J.S. Alana Street pitched in a total of P677,450.24.

Raz added that the local government under Mayor John Dalipe has put into place plans to upgrade and modernize the facilities of the Main Public Market and the Sta. Cruz Commercial Complex in a bid to boost economic activity.

At present, the main public market has 567 stalls and 726 vending tables. Meanwhile, the Sta. Cruz Commercial Complex has 1,056 stalls and 216 tables. Also within its premises are the Bagsakan Center and the Cold Storage facility.

Raz said there are also plans to promote local products and “Buy Local” campaigns within the markets, to encourage the sale of locally produced goods and support farmers and artisans.

Regarding the Night Markets, Raz confirmed that all 4 locations have full occupancy, but that plans to open a 5th night market in Pasonanca are presently underway. (Jasmine Mohammadsali)