Question & AnswerQ&A (PROCLAMATION NO. 1217)
Republic Act No. 7916, also known as the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748, authorizes this creation and designation.
The Fishermall is located along Quezon Avenue corner Roosevelt Avenue, Barangay Sta. Cruz, Quezon City.
The gross floor area of the Fishermall is One Hundred Four Thousand Five Hundred Thirty-Eight square meters and Seventy-One square decimeters (104,538.71 sqm).
The Board of Directors of the Philippine Economic Zone Authority (PEZA) recommended the designation.
Resolution No. 00-411 (s. 2000), as amended by Resolution Nos. 11-066 (s. 2011), 15-240 (s. 2015), and Resolution No. 15-089 (s. 2015) are referenced.
The aggregate area is Eighteen Thousand Three Hundred Forty-Six square meters and Thirty square decimeters (18,346.30 sqm), more or less.
The proclamation includes descriptions of several parcels of land, specifically Lot 1 Block W-26 BSD-7165-D, Lot 1 Consolidation-Subdivision Plan BSD-2000, Block W-40-A-1 BCS-2014, and Lot 291-A Consolidation-Subdivision Plan BSD-04-000459, all situated in the District of Diliman, Quezon City.
The designation is subject to provisions of RA No. 7916, as amended, including its Implementing Rules and Regulations and specified PEZA Board Resolutions.
The proclamation was signed on February 11, 2016.
They legally define the exact geographical boundaries and area of the land parcels included in the Fishermall IT Center designation to ensure accurate location and jurisdiction.
The President exercises the powers vested under Republic Act No. 7916, as amended by RA No. 8748, for economic and investment development purposes.