Question & AnswerQ&A (PROCLAMATION NO. 842)
The creation and designation of the Fiesta World Mall IT Center as an IT Center is 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 special economic zones or IT Centers, upon the recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA).
The Fiesta World Mall IT Center is located at Barangay Maraouy, Lipa City, Batangas, on two parcels of land with an aggregate area of approximately 52,812 square meters.
The designation is governed by RA No. 7916, as amended, its Implementing Rules and Regulations, PEZA Resolution No. 00-411 (s. 2000) as amended by Resolution No. 11-006 (s. 2011), and Resolution No. 09-269 (s. 2009), as amended.
PEZA's Board of Directors recommends to the President the creation and designation of special economic zones, like IT Centers, and issues relevant resolutions to regulate such zones.
The technical description provides the exact boundaries, measurements, and location of the land, making clear the physical area designated as the IT Center to avoid disputes and ensure legal clarity.
The land subdivision plans reference documents like Psd-04-092615 and Psd-04-042779, and cadastral survey records such as LRC Record No. and Lipa Cadastre, which legally define the surveyed boundaries of the land.
Being designated as an IT Center generally qualifies the building for incentives and special regulatory treatment under PEZA’s jurisdiction, aimed at promoting the growth of IT industries within the special economic zone.
The President’s proclamation, as the highest executive authority, establishes the legal status of the building and land as a PEZA IT Center, thereby subjecting it to the applicable special economic zone laws and regulations.
The proclamation is issued by the President, signed and sealed by the Executive Secretary, with the date and location specified to formalize and authenticate the document as a legal instrument.