Question & AnswerQ&A (PROCLAMATION NO. 722)
Proclamation No. 722 dated October 25, 2004, creates and designates the Lima Technology Center (Phase II) located in the Barangays of Santiago and San Fernando, Municipality of Malvar, Province of Batangas, Island of Luzon, as a Special Economic Zone pursuant to Republic Act No. 7916 as amended by Republic Act No. 8748.
The Lima Technology Center (Phase II) is designated as a Special Economic Zone pursuant to Republic Act No. 7916, the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748.
The President of the Republic of the Philippines, by virtue of the powers vested by law and upon recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA), has the authority to create and designate Special Economic Zones.
The Lima Technology Center (Phase II) covers an area of approximately 1,497,986 square meters situated in the Barangays of Santiago and San Fernando, Municipality of Malvar, Province of Batangas, Island of Luzon.
The designation of Lima Technology Center (Phase II) as a Special Economic Zone was recommended by the Board of Directors of the Philippine Economic Zone Authority (PEZA).
The Lima Technology Center (Phase II) Special Economic Zone is subject to the provisions of Republic Act No. 7916, as amended by Republic Act No. 8748, its Implementing Rules and Regulations, and Resolution No. 96-341 dated 16 October 1996 of the PEZA Board of Directors.
The legal descriptions include the boundaries, area measurements, cadastral plans, and lot numbers such as Lot 1 Pcs-04-016246, Lot 2 Pcs-04-016246, and so forth that define the exact location and perimeter of the special economic zone.
Proclamation No. 722 was signed by Gloria Macapagal-Arroyo, then President of the Republic of the Philippines, and by Eduardo R. Ermita, Executive Secretary.
PEZA Board of Directors is tasked with recommending areas to be designated as Special Economic Zones and developing rules and regulations for their administration as indicated in Resolution No. 96-341.
The technical descriptions and survey details precisely define the location, boundaries, and size of the Special Economic Zone, ensuring legal clarity and preventing disputes over territorial jurisdiction.