Question & AnswerQ&A (PROCLAMATION NO. 315)
The legal basis is Republic Act No. 7916, otherwise known as the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748.
The President of the Philippines has the authority, as exercised by President Gloria Macapagal-Arroyo in this proclamation, based on the recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA).
The designated land area is ONE THOUSAND TWO HUNDRED FORTY SIX (1,246) SQUARE METERS.
The land is located along Acacia Avenue, Madrigal Business Park, Barangay Ayala Alabang, Muntinlupa City, Metro Manila, Island of Luzon.
The boundaries and technical description are defined by the subdivision plan Psd-13-018255 and related survey plans, including L.R.C. Record No. 6137.
The Board of Directors of the Philippine Economic Zone Authority (PEZA) recommended the creation of this zone.
It is governed under Republic Act No. 7916 as amended by Republic Act No. 8748, its Implementing Rules and Regulations, and PEZA Resolution No. 02-343 dated 30 October 2002.
PEZA is the agency responsible for the recommendation, administration, and regulation of the Information Technology Zone.
Designation as an IT Zone provides for special economic incentives and regulatory advantages to attract IT-related investments, as provided under R.A. 7916 and its amendments.
Yes, it is subject to the provisions of R.A. 7916 as amended, its Implementing Rules and Regulations, and pertinent PEZA resolutions.