QuestionsQuestions (PROCLAMATION NO. 898)
The President acted under Republic Act (RA) No. 7916 (Special Economic Zone Act of 1995), as amended by RA No. 8748.
Resolution No. 00-411 (s. 2000), as amended by Resolution No. 11-006 (s. 2011), and Resolution No. 14-028 (s. 2014).
It designates a specific building on a specific parcel of land as an Information Technology (IT) Center pursuant to the existing legal framework of RA 7916 as amended.
It designates a building known as the “McKinley Exchange Corporate Center.”
Along McKinley Road corner Epifania Delos Santos Avenue, Makati City.
Four Thousand Five Hundred Thirteen (4,513) square meters, more or less.
Lot 1-A, PSD-00-063922 (being a portion of Lot 1, PSD-00-041341).
It uniquely identifies the exact property and its boundaries on the ground using survey plans, supporting legal certainty in the coverage of the designation.
By referencing the property’s sides as bounded along specified NW., NE., SE., and SW. lines by adjoining lots/roads/street lots (and indicating line numbers).
It clarifies that the designation’s effects are governed by the statutory framework and implementing rules, including compliance requirements and limits imposed by law.
They show that PEZA’s board formally approved or acted on the specific designation, serving as an administrative basis or conditions for the proclamation.
It shows it was signed by President Benigno S. Aquino III and attested by Executive Secretary Paquito N. Ochoa, Jr.; this is relevant for checking formal requirements for presidential issuances.
By designating an IT Center under the Special Economic Zone framework, it implements the law’s purpose of encouraging investment and economic activity in targeted areas through zone-specific incentives/administration under PEZA.