Question & AnswerQ&A (PROCLAMATION NO. 803)
Republic Act No. 7916, known as the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748, grants the President this power.
The YY Star DAS Information Technology Center located in Barangay Bagacay, Dumaguete City, Negros Oriental.
The area is Four Thousand One Hundred Seventy-Five (4,175) square meters, more or less.
The designation is subject to the provisions of RA No. 7916 as amended, its Implementing Rules and Regulations, and relevant PEZA Board Resolutions (No. 00-411, No. 11-066, and No. 13-684).
The Board of Directors of the Philippine Economic Zone Authority (PEZA) recommended it.
It is Lot 5-B of Subdivision Plan PSD-07-019317, a portion of Lot 5, Pcs-07-02-000639, located in Barangay Bagacay, Dumaguete City, with detailed bounding lines as described in the proclamation.
The proclamation was signed by then-President Benigno S. Aquino III and Executive Secretary Paquito N. Ochoa Jr.
They contain rules, regulations, and amendments that govern the operation, designation, and administration of Economic Zones like the IT Center.
The proclamation was signed on June 17, 2014.
Designation qualifies the area/building for special economic incentives, infrastructure support, and regulatory benefits under the Special Economic Zone Framework to promote IT-BPO industries.