Title
Creation of CBC Asia Technozone in Bacoor
Law
Proclamation No. 1196
Decision Date
Aug 5, 2021
President Duterte issues Proclamation No. 1196 designating a building and parcels of land in Bacoor City, Cavite as a Special Economic Zone, in accordance with the Special Economic Zone Act of 1995, to promote economic development and attract investments in the Information Technology sector.

Q&A (PROCLAMATION NO. 1196)

The legal basis is 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 Republic of the Philippines has the authority, pursuant to the powers vested under RA No. 7916 and upon recommendation of the PEZA Board of Directors.

The Board of Directors of the Philippine Economic Zone Authority (PEZA) recommended the creation.

It is classified as an Information Technology Center.

It is 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 land area is seven thousand square meters (7,000 m2), more or less.

The boundaries are described by reference to lot numbers, cadastral survey plans, points marked on a plan, and specific bearings with distances from survey markers established in surveys dated August 1911 and November 1977.

It is subject to PEZA Board Resolution No. 00-411 (s.2000), as amended by Resolution Nos. 11-066 (s. 2011), 15-240 (s.2015), 17-472 (s.2017), 17-676 (s.2017), and 19-411 (s. 2019).

It is governed by RA No. 7916, as amended, its Implementing Rules and Regulations, and the applicable PEZA Board Resolutions.


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