QuestionsQuestions (PROCLAMATION NO. 1006)
The creation is based on Republic Act No. 7916 or the "Special Economic Zone Act of 1995," as amended by Republic Act No. 8748.
The President of the Philippines has the authority, upon recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA).
The zone is located at 32nd Street corner Rizal Drive, Bonifacio Global City, Taguig City. It includes the Park Triangle Corporate Center with a gross floor area of 49,100 square meters and the parcel of land with an area of approximately 5,000 square meters.
It is governed under the Philippine Economic Zone Authority (PEZA) rules and regulations, including Resolution No. 00-411 (s. 2000), and its subsequent amendments.
It is designated as an Information Technology Center under the Special Economic Zone classification.
The parcel described is Lot 2 of the consolidation-subdivision plan Pcs-00-014817, with boundaries detailed by adjoining lots and reserved access lots, with precise bearings and distances as specified in the proclamation.
The proclamation refers to PEZA resolutions including Resolution Nos. 11-066 (s. 2011), 15-240 (s. 2015), 17-472 (s. 2017), and others, which amend the Implementing Rules and Regulations of RA No. 7916.
The original survey was conducted in 1946, and the consolidation-subdivision survey was conducted in 2014, which confirms the land boundaries and measurements for legal purposes.
The property becomes subject to the privileges, incentives, and regulatory framework under the Special Economic Zone Act, promoting investment and development under PEZA.
President Rodrigo Roa Duterte signed the proclamation, and the Executive Secretary, Salvador C. Medialdea, attested to it, validating the issuance of the proclamation.