Question & AnswerQ&A (PROCLAMATION NO. 572)
The purpose of Proclamation No. 572 is to create and designate a building located at Abanao corner Zandueta Streets, Baguio City, as an Information Technology Center pursuant to Republic Act No. 7916, as amended by Republic Act No. 8748.
The designation is made 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 the Information Technology Center, upon the recommendation of the Philippine Economic Zone Authority (PEZA) Board of Directors.
The building is located at Abanao Street corner Zandueta Streets, Baguio City.
The aggregate area of the parcels of land is One Thousand Three Hundred Fifty (1,350) square meters, more or less.
The proclamation includes three parcels of land: Lot 3, Lot 4, and Lot 9, all Block 2 of Rs-CAR-000033, with detailed boundary descriptions and specific measurements including their survey bearings and adjoining lots or streets such as Zandueta Street and Abanao Street.
The re-survey was executed by Engineer James L. Tom on September 20, 1999, and was approved on March 10, 2000.
The designation is subject to RA No. 7916 and its Implementing Rules and Regulations, as well as PEZA Board Resolutions No. 00-411 (s. 2000), 11-066 (s. 2011), and 12-582 (s. 2012).
The designation as an Information Technology Center under RA 7916 qualifies the property for special economic zone status, which can include incentives and privileges to promote IT-related businesses and investments.
The proclamation was signed by President Benigno S. Aquino III and certified by Executive Secretary Paquito N. Ochoa, Jr.