Malacanang said the Konektadong Pinoy Bill, which is expected to make internet services cheaper , lapsed into law.

Palace Press Office Press Officer Claire Castro announced this on Sunday days after telecom firms said they submitted their position paper on the new law to the Office of the President.

"Konektadong Pinoy Bill is now a law," she said.

Last week, the Presidential Communications Office (PCO) said President Ferdinand Marcos was studying the bill if he will veto this.

Members of the Philippine Association of Private Telecommunications (PAPTELCO) as well as the Federation of International Cable TV and Telecommunications Association of the Philippines (FICTAP), and the CitizenWatch Philippines have opposed the bill since it will cause regulatory imbalance and expose the public to cybersecurity risks.

The Department of Information and Communication Technology (DICT) and the Department of Economy, Planning, and Development (DEPDev) backed the implementation of the new law since it will help increase market competition in the country's telecommunications sector.

The law, part of the priority legislation of the Marcos administration, aims to simplify the entry of service providers into the market to make internet services cheaper.

Earlier, telecommunications companies said among the provisions of bill are opposing are provisions exempting new players from securing a legislative franchise and a Certificate Public Convenience and Necessity. DMS