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00:00President Ferdinand R. Marcos Jr. has signed two important bills to strengthen the country.
00:07The first is the Negros Island Region Act, which calls for the unification of Negros Occidental, Negros Oriental, and Siquijor in an administrative region.
00:21It is time for a law to strengthen the ease of doing business in the region that will help the investors in the region
00:30because there will be better and faster government transactions.
00:35It is only in March that the so-called bill will be approved in the third reading of the Senate.
00:41Meanwhile, the President will also add the Real Property Valuation and Assessment Reform Act
00:48which will allow for the automation of services provided by local governments for a better tax collection and faster services to the public.
00:58This includes the creation of a real property information system that will maintain the up-to-date electronic database of real property transactions and declarations throughout the country.
01:11It will also help to implement uniform valuation standards for real property assets for transparency.