QuestionsQuestions (PROCLAMATION NO. 1196)
The proclamation is issued under the powers granted by Republic Act No. 7916 (Special Economic Zone Act of 1995), as amended by Republic Act No. 8748, and upon the recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA).
The PEZA Board of Directors recommended the creation, pursuant to RA 7916, as amended.
It is known as “CBC Asia Technozone.”
It is designated as a Special Economic Zone (Information Technology Center).
It also references the PEZA Implementing Rules and Regulations and specific PEZA Board Resolutions as amended.
It cites PEZA Board Resolution No. 00-411 (s. 2000), as amended by Resolution Nos. 11-066 (s. 2011), 15-240 (s. 2015), and 17-472 (s. 2017), and Resolution No. 17-676 (s. 2017), as amended by Resolution No. 19-411 (s. 2019).
A building and parcels of land located along Emilio Aguinaldo Highway, Barangay Talaba VII, Bacoor City, Cavite.
The building has a gross floor area of 50,277.76 square meters (more or less).
The aggregate area is 7,000 square meters (more or less).
Lot 2-A-5-A-1 (LRC) Psd-274884, TCT No. 057-2016075126; and Lot 2-A-5-A-2 (LRC) Psd-274884, TCT No. T-1193451.
They identify with precision the exact parcels of land to be included in the Special Economic Zone, ensuring legal certainty as to the territory covered by the tax and regulatory regime under RA 7916.
Each lot is described as containing an area of 3,500 square meters (more or less), and together they total 7,000 square meters (more or less).
It is dated August 5, 2021, with the “DONE in the City of Manila” clause stating the 5th day of August in the year of our Lord, Two Thousand and Twenty-One.
It was signed by President Rodrigo Roa Duterte, and attested/approved by Executive Secretary Salvador C. Medialdea.
It indicates that the rights, privileges, and regulatory standards for enterprises inside the zone must comply with RA 7916, its implementing rules, and the applicable PEZA Board issuances governing establishment, operation, and approval within zones.