Question & AnswerQ&A (PROCLAMATION NO. 436)
The purpose of Proclamation No. 436 is to create and designate the BTTC Center located on a 1,857 square-meter lot at Block 12, Ortigas Avenue corner Roosevelt Street, Barangay Greenhills, San Juan City, as an Information Technology Center pursuant to Republic Act No. 7916, as amended by Republic Act No. 8748.
The BTTC Center is designated as an Information Technology Center under Republic Act No. 7916, also known as the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748.
The authority to create and designate special economic zones such as the BTTC Center is vested in the President of the Philippines, pursuant to Republic Act No. 7916, as amended by RA No. 8748, based on recommendations from the Philippine Economic Zone Authority (PEZA) Board of Directors.
The designation requires the recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA).
The property is located at Lot 17, Block 12, Ortigas Avenue corner Roosevelt Street, Barangay Greenhills, San Juan City, Metro Manila.
The land area is approximately One Thousand Eight Hundred Fifty-Seven (1,857) square meters.
The designation follows the provisions of RA No. 7916, as amended, its Implementing Rules and Regulations, PEZA Resolution No. 00-411 (s. 2000), Resolution No. 11-066 (s. 2011), and Resolution No. 11-235 (s. 2011).
The legal description includes the technical survey boundaries, subdivision plan (Psd-66759), title certificate number, and specific bearings and points marking the perimeter of the lot.
Designation under RA No. 7916 means the BTTC Center qualifies as a special economic zone with privileges and incentives aimed at promoting investments in the Information Technology sector.
The proclamation was signed and approved by then President Benigno S. Aquino III, with Executive Secretary Paquito N. Ochoa, Jr. signing by authority of the President.