President Ferdinand Marcos Jr. on Thursday proposed to Congress the temporary suspension of the implementation of the Real Property Valuation and Assessment Reform Act (RPVARA) to prevent additional property-related costs on businesses, support investments, and ensure a gradual and reasonable transition to the new property valuation system.

Marcos made the proposal at a meeting with leaders of the Senate and the House of Representatives while convening the Legislative-Executive Development Advisory Council (LEDAC) at Malacañang Palace on Thursday afternoon, said Presidential Communications Office (PCO) Undersecretary and Palace Press Officer Claire Castro.

“Nagpanukala si Pangulong Ferdinand Marcos Jr. sa dalawang kapulungan sa LEDAC meeting nitong August 6, 2026 ng pansamantalang pagsuspinde ng pagpapatupad ng Real Property Valuation and Assessment Reform Act o Republic Act No. 12001 (RPVARA) upang maiwasan ang karagdagang mga gastos sa ari-arian para sa mga negosyo, suportahan ang mga pamumuhunan, at tiyakin ang isang dahan-dahan at makatwirang transisyon patungo sa bagong valuation system,” Castro added.

Marcos proceeded with his scheduled engagements, including the LEDAC meeting, despite the suspension of work in the government due to the inclement weather brought by Tropical Storm “Maymay.”

“Hindi mapipigilan ang Pangulo sa pagtatrabaho kahit pa may bagyo. Nakatakdang pangunahan mamayang hapon ni Pangulong Ferdinand Marcos Jr. ang ika-apat na Legislative-Executive Development Advisory Council o LEDAC meeting ng 20th Congress sa Malakanyang,” Castro said during a Palace press briefing earlier.

“Inaasahang tatalakayin ang 24 priority LEDAC Common Legislative Agenda bills para sa pagpasa bago ang katapusan ng June 2027,” she added. Presidential News Desk