Question & AnswerQ&A (PROCLAMATION NO. 1364)
The MJ Plaza was created and designated as an Information Technology Center pursuant to Republic Act No. 7916, as amended by Republic Act No. 8748, and under the authority of the President of the Republic of the Philippines based on the recommendation of the PEZA Board of Directors.
Republic Act No. 7916, also known as the Special Economic Zone Act of 1995, provides the legal framework for the creation, operation, and management of special economic zones including Information Technology Centers in the Philippines.
The Philippine Economic Zone Authority (PEZA) Board of Directors recommended the designation.
The designation was pursuant to Resolution No. 00-411 dated December 29, 2000, and Resolution No. 07-094 dated February 21, 2007, of the PEZA Board of Directors.
MJ Plaza is defined as a building on an 840 square meter lot located at 106 Valero Street, Salcedo Village, Makati City, specifically Lot 4, Block 2 as per the consolidation-subdivision plan (LRC) Pcs-8820, with detailed boundary descriptions and coordinates provided in the proclamation.
The Implementing Rules and Regulations provide detailed guidelines and procedures for the application and enforcement of RA 7916, including the creation and operation of Information Technology Centers like the MJ Plaza.
An Information Technology Center is a designated building or zone that is officially recognized under RA 7916 and its amendments as a location engaged primarily in IT-related activities and operations, benefiting from special economic zone incentives.
MJ Plaza occupies an area of Eight Hundred Forty (840) square meters, more or less.
The proclamation was signed on August 28, 2007.