Question & AnswerQ&A (PROCLAMATION NO. 292)
The main purpose is to create and designate the Ecco 4 Building and its parcels of land located at Residence Section "A", Military Cut-Off, Baguio City, as a Special Economic Zone specifically an Information Technology Center, pursuant to Republic Act No. 7916, as amended by Republic Act No. 8748.
The President of the Republic of the Philippines has this authority, upon recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA).
RA No. 7916 establishes the legal framework for creating special economic zones in the Philippines. This proclamation uses the powers vested under RA 7916, as amended, to designate the Ecco 4 Building as an IT-focused special economic zone.
The designated land parcels are located in Residence Section "A", Military Cut-Off, Baguio City, consisting of three parcels with areas of 117, 118, and 576 square meters respectively, each precisely described in survey plans and covered by respective Transfer Certificates of Title (TCT).
The Board of Directors of the Philippine Economic Zone Authority (PEZA) recommends the creation of special economic zones to the President.
As designated an Information Technology Center, it is intended for information technology-related businesses and activities.
It is governed by the provisions of RA No. 7916, as amended, its Implementing Rules and Regulations, and PEZA Board of Directors Resolutions No. 00-411 (s. 2000), amended by Resolutions 11-006 (s. 2011), 15-240 (s. 2015), 17-472 (s. 2017), and 20-340 (s. 2020).
The land areas are determined through detailed surveys executed by licensed Geodetic Engineers or Public Land Surveyors and approved by the relevant authorities, with survey plans and markers installed on the ground.
Declaring a land area as a Special Economic Zone subjects the area to specific economic regulations and incentives aimed at promoting business activity within that zone, under the governance and policies of PEZA and the Special Economic Zone Act.
Yes. The original surveys cited include dates such as May 5, 2015, for parcels surveyed by Geodetic Engineer Jomar V. Busitan, Jr., and surveys from December 10-11, 1964, approved in 1967 by Public Land Surveyor Felicismo C. Esteban.