Question & AnswerQ&A (PROCLAMATION NO. 883)
The purpose of Proclamation No. 883 is to create and designate a building located along Capitol Commons, Meralco Avenue corner Shaw Boulevard, Barangay Oranbo Pasig City, as an Information Technology Center pursuant to Republic Act No. 7916, as amended by Republic Act No. 8748.
Proclamation No. 883 is based on Republic Act No. 7916, known as the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748.
The building designated as an Information Technology Center is known as the Estancia Mall.
The recommendation came from the Board of Directors of the Philippine Economic Zone Authority (PEZA).
The Estancia Mall is located along Capitol Commons, Meralco Avenue corner Shaw Boulevard, Barangay Oranbo, Pasig City.
It is designated subject to RA No. 7916, its Implementing Rules and Regulations, Resolution No. 00-411 (s. 2000), Resolution No. 11-006 (s. 2011), and Resolution No. 11-316 (s. 2011) of the PEZA Board of Directors.
The total land area is Ninety-One Thousand Three Hundred Eighty-Nine (91,389) square meters, more or less.
It implies that the building and the land parcel are granted special economic zone status under RA No. 7916, allowing for incentives and regulatory facilitation for IT-related businesses operating within the zone.
The detailed technical description legally defines the exact location and boundaries of the property designated as an IT Center to avoid disputes and ensure clarity for enforcement and regulatory purposes.