Title
Creation of Light Industry and Science Park IV
Law
Proclamation No. 1194
Decision Date
Jan 12, 2016
Proclamation No. 1194 designates parcels of land in Malvar, Batangas as a Special Economic Zone, known as the Light Industry and Science Park IV, with a total area of 645,977 square meters.
A

Q&A (PROCLAMATION NO. 1194)

The legal basis is Republic Act No. 7916, known as the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748.

The President of the Philippines, upon the recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA), has the authority to create and designate Special Economic Zones.

The Special Economic Zone is known as the Light Industry and Science Park IV.

The total aggregate area is Six Hundred Forty-Five Thousand Nine Hundred Seventy-Seven (645,977) square meters, more or less.

The creation and operation are governed by Republic Act No. 7916, as amended, its Implementing Rules and Regulations, PEZA Board Resolutions 13-743 (s. 2013) as amended by 15-314 (s. 2015), and Resolution No. 13-339 (s. 2013) as amended by Resolutions Nos. 14-033 (s. 2014) and 15-274 (s. 2015).

The Philippine Economic Zone Authority (PEZA) is responsible for recommending Special Economic Zones.

The detailed boundary descriptions legally define the exact area covered by the Special Economic Zone, providing clear demarcation and legal certainty of the zone's territorial extent.

Proclamation No. 1194 was signed on January 12, 2016.

Operation must comply with RA No. 7916, as amended, its Implementing Rules and Regulations, and the PEZA Board Resolutions mentioned in the Proclamation.

The Proclamation was signed by President Benigno S. Aquino III and Executive Secretary Paquito N. Ochoa, Jr.


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