Question & AnswerQ&A (PROCLAMATION NO. 898)
The McKinley Exchange Corporate Center was created and designated as an Information Technology Center pursuant to Republic Act No. 7916, as amended by Republic Act No. 8748, also known as the Special Economic Zone Act of 1995, as amended.
The President of the Philippines has the authority to create and designate buildings as Information Technology Centers under RA 7916, as amended, based on the recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA).
Proclamation No. 898 dated October 24, 2014, officially creates and designates the building known as the McKinley Exchange Corporate Center, located in Makati City, as an Information Technology Center under the provisions of RA 7916, as amended.
The designated parcel of land for the McKinley Exchange Corporate Center is located along McKinley Road corner Epifanio Delos Santos Avenue, Makati City, and contains an area of Four Thousand Five Hundred Thirteen (4,513) square meters, more or less.
The designation of the McKinley Exchange Corporate Center is governed by the Implementing Rules and Regulations of RA No. 7916, as amended by RA No. 8748, as well as PEZA Board Resolutions No. 00-411 (s. 2000), No. 11-006 (s. 2011), and No. 14-028 (s. 2014).
PEZA recommends to the President of the Philippines the designation of buildings as Information Technology Centers pursuant to RA No. 7916, as amended, and its own resolutions and regulations.
The McKinley Exchange Corporate Center is designated as an Information Technology (IT) Center special economic zone under RA No. 7916, as amended by RA No. 8748.
The boundary and technical description are defined starting from a specific point marked on a plan (Lot 1-A, PSD-00-063922) including the measured angles and distances along its perimeter, and by referencing adjoining lots and streets such as Lot 1-B (Road Widening), McKinley Drive, Lot 2, Lot 3 (Manila Electric Company), and Street Lot 4.
The designation is governed under PEZA Board Resolution No. 00-411 (s. 2000), Resolution No. 11-006 (s. 2011), and Resolution No. 14-028 (s. 2014).
The President's signature and the affixing of the seal of the Republic of the Philippines give the proclamation legal effect and official recognition, thereby making the declaration creating the McKinley Exchange Corporate Center as an IT Center valid and enforceable.