Dennis Gasgonia

Article (news)

Katrina Domingo

ABS-CBN News

MANILA — President Ferdinand Marcos Jr. has asked Senate and House leaders to suspend the implementation of the Real Property Valuation and Assessment Reform Act to provide temporary relief to the expenditures of businesses and private property owners, Malacañang said on Thursday following the 4th Legislative-Executive Development Advisory Council (LEDAC) meeting.“Binigyang-diin sa pagpupulong ang pagtutulungan ng Ehekutibo at Lehislatura sa pagsusulong ng mga repormang magpapalakas sa ekonomiya, magpapahusay sa pamamahala, at magbibigay ng mas maraming oportunidad sa mga Pilipino,” the Palace said in a statement. <div><a href="https://www.abs-cbn.com/news/nation/2026/8/4/palace-prepares-priority-bills-for-20th-congress-1615">Palace prepares priority bills for 20th Congress</a></div>“Kabilang dito ang pagsasagawa ng pag-aaral sa pagpapatupad ng Real Property Valuation and Assessment Reform Act (Republic Act No. 12001), kabilang ang posibleng pag-amyenda rito, upang maiwasan ang dagdag na pasanin sa mga may-ari ng ari-arian at mga negosyo, mahikayat ang mas maraming pamumuhunan, at matiyak ang maayos at makatwirang transisyon sa bagong valuation system,” the statement read.The Palace has yet to release full details of the meeting, but the Presidential Communications Office (PCO) earlier said that Marcos Jr. and congressional leaders are expected to discuss 24 bills listed in the administration’s common legislative agenda.<div><a href="https://www.abs-cbn.com/news/nation/2026/8/4/palace-prepares-priority-bills-for-20th-congress-1615">Palace prepares priority bills for 20th Congress</a></div>These are as follows:- Anti-Political Dynasty Law- Party-list System Reform Act- People’s Freedom of Information / Right to Information Act- Amendments to the Bank Deposits Secrecy Law o ang Bright Act- Philippine Budgeting Code- Travel Tax Abolition- Amendments to the Coconut Farmers and Industry Trust Fund Act- Amendments to the Fisheries Code- EPIRA amendments - Sariling Kuryente Act- Waste-to-energy bill o ang Waste Treatment Technology Act- Masustansyang Pagkain para sa Batang Pilipino Act- Expanded National Nutrition Program Act- Classroom-Building Acceleration Program Act- Government Assistance to Students and Teachers in Private Education- Universal Access to Quality Tertiary Education Act- Presidential Merit Scholarship Program National Coordinating Council For Education Act- Amendments to the Anti-Online Sexual Abuse - Exploitation of Children and Anti-Child Sexual Abuse or Exploitation Materials Act - Child Online Safety and Protection Act- National Center for Geriatric Health Act- Assistance to Individuals in Crisis Situations Act- Amendments to the Pantawid Pamilyang Pilipino Program Act- National Reintegration Law / Bagong Balikbayan Act- Amendments to the National Building Code<div> </div><div> </div><div>  </div>

President Ferdinand Marcos Jr. has asked Senate and House leaders to suspend the implementation of the Real Property Valuation and Assessment Reform Act to provide temporary relief to the expenditures of businesses and private property owners.

President Ferdinand Marcos Jr. has asked Senate and House leaders to suspend the implementation of the Real Property Valuation and Assessment Reform Act to provide temporary relief to the expenditures of businesses and private property owners.

Marcos proposes suspension of Real Property Valuation and Assessment Reform Act

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Marcos proposes suspension of Real Property Valuation and Assessment Reform Act

Katrina Domingo,

ABS-CBN News

Published August 06, 2026 09:31 PM PHT

Read More:

LEDAC

Legislative Executive Development Advisory Council

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