Question & AnswerQ&A (PROCLAMATION NO. 620)
The creation and designation are pursuant to Republic Act No. 7916, also known as the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748.
The President of the Philippines has the authority to create and designate buildings as Information Technology Centers under RA No. 7916, upon the recommendation of the Philippine Economic Zone Authority (PEZA).
The Board of Directors of the Philippine Economic Zone Authority (PEZA) recommended the designation.
Robinsons Galleria Cebu is located at General Maxilom Avenue, Cebu City, and the designated area is Forty-Six Thousand Three Hundred Forty-Five (46,345) square meters, more or less.
The designation is governed by RA No. 7916 as amended, its Implementing Rules and Regulations, Resolution No. 00-411 (s. 2000), Resolution No. 11-066 (s. 2011), and Resolution No. 12-001 (s. 2012), as amended, all issued by the PEZA Board of Directors.
The proclamation formally creates and designates the Robinsons Galleria Cebu building as an Information Technology Center under the provisions of RA No. 7916, as amended.
The technical description legally defines the exact boundaries and location of the land parcel where Robinsons Galleria Cebu is situated, ensuring clarity and legal precision in designation.
Designating a building as an Information Technology Center allows it to qualify for incentives and benefits under the Special Economic Zone Act, such as tax holidays, duty-free importation of equipment, and other fiscal and non-fiscal incentives.
The Executive Secretary, in this case, Paquito N. Ochoa, Jr., attested and countersigned the proclamation as an official act of the President of the Philippines.
The procedural step involves a recommendation by the Board of Directors of the Philippine Economic Zone Authority (PEZA), which the President then acts on to issue the proclamation.