Question & AnswerQ&A (PROCLAMATION NO. 660)
Proclamation No. 660 creates and designates a building known as Aeon Towers and the parcels of land upon which it stands, located along J.P. Laurel Avenue, Barangay 20-B, Bajada, Davao City, as a Special Economic Zone (Information Technology Center) pursuant to Republic Act No. 7916, as amended by Republic Act No. 8748.
The Special Economic Zone is designated 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, based on the recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA), has the authority to create and designate Special Economic Zones under RA No. 7916 as amended.
The land parcels include Lot 519-A-2-A-5-C, Lot 519-A-2-A-5-B-1, and Lot 519-A-2-A-5-B-2, covered by respective Transfer Certificates of Title (TCT Nos. 146-2011002636 to 146-2011002638) situated in the City of Davao, Island of Mindanao. The proclamation includes detailed boundaries and survey references for the said lots.
The gross floor area of Aeon Towers is Eighty-Eight Thousand Four Hundred Twenty-Eight and Eighteen Hundredths square meters (88,428.18 m2), more or less.
The boundaries include adjacent lots as described in the subdivision plans and along J.P. Laurel Avenue, with bearings and distances given for each boundary line to describe the exact perimeter of the designated area.
The recommendation came from the Board of Directors of the Philippine Economic Zone Authority (PEZA).
Yes, the proclamation cites the provisions of RA No. 7916 as amended, its Implementing Rules and Regulations, and specific PEZA Board Resolutions such as Resolution No. 00-411 (s. 2000), 11-066 (s. 2011), 15-240 (s. 2015), 17-472 (s. 2017), and 13-341 (s. 2013).
A Presidential Proclamation under RA No. 7916 officially creates and designates lands or buildings as Special Economic Zones, enabling them to be governed under special economic zone laws, incentives, and regulations to promote economic development.
The declaration includes details on the original surveys done between February 1916 and May 1920, subdivision surveys executed by Geodetic Engineer Enrique J. Sanz on February 10, 1992, and November 17, 1993, with respective approvals in 1992 and 1994.