Question & AnswerQ&A (PROCLAMATION NO. 101)
The creation and designation of Hanston Square as an Information Technology Center is pursuant to 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 Republic of the Philippines has the authority to create and designate buildings as Information Technology Centers under the provisions of Republic Act No. 7916 as amended, following the recommendation of the Board of Directors of the Philippine Economic Zone Authority.
The Philippine Economic Zone Authority (PEZA) Board of Directors recommends the designation of buildings as Information Technology Centers, and it also establishes resolutions that implement the provisions of Republic Act No. 7916 as amended.
Hanston Square has a gross floor area of 49,700 square meters, more or less.
Hanston Square is located at San Miguel Avenue, Ortigas Center, Pasig City, Metro Manila.
The land parcels involved are TCT No. 64875 Lot 13 Block 4 (LRC) Pcs-19795 and TCT No. 64876 Lot 14 Block 4 (LRC) Pcs-19795.
The designation is governed under Resolution No. 00-411 dated December 29, 2000, as amended by Resolution No. 04-295 dated September 20, 2004, and Resolution No. 07-378 dated August 8, 2007, of the PEZA Board of Directors.
The total aggregate land area is two thousand sixty (2,060) square meters, more or less.
The proclamation is an executive proclamation issued by the President of the Philippines pursuant to statutory authority granted by Republic Act No. 7916 and its amendments.
The proclamation was signed by President Benigno S. Aquino III and countersigned by Executive Secretary Paquito N. Ochoa, Jr.