PROCLAMATION NO. 848

: Republic Act No. 7916, or the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748, authorizes the creation and designation of the building as an Information Technology Center.
: The President of the Philippines has the authority to create and designate buildings as Information Technology Centers under the provisions of RA No. 7916, as amended.
: The designated name of the building is SM Cyber West Avenue.
: The aggregate area is Two Thousand Nine Hundred Nine square meters and Fifty square decimeters (2,909.50), more or less.
: The Philippine Economic Zone Authority (PEZA) Board of Directors recommended the designation.
: President Benigno S. Aquino III signed the proclamation.
: Resolution No. 00-411 (s. 2000), as amended by Resolution No. 11-066 (s. 2011), and Resolution No. 12-515 (s. 2012) are mentioned.
: The parcels of land are defined by Diliman Subdivision Plan Bsd-10781 and are portions of Lot RP 3-B-2-C-2 of plan Bsd-10532, with references to other survey plans and subdivision plans.
: Designating a building as an Information Technology Center under the Special Economic Zone Act allows it to enjoy the benefits and incentives provided to entities operating within PEZA-registered economic zones.
: The proclamation was signed on August 8, 2014.