Question & AnswerQ&A (PROCLAMATION NO. 895)
The legal basis for the creation and designation of the Millennium Industrial Economic Zone is Republic Act No. 7916, known as the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748.
The Millennium Industrial Economic Zone is located in Barangays Calumpang and Tambler, General Santos City, South Cotabato, Island of Mindanao.
The total aggregate area of the Millennium Industrial Economic Zone is Two Hundred Eighty-Six Thousand Nine Hundred Forty square meters (286,940 m2), more or less.
The special economic zone created in Proclamation No. 895 is governed under Republic Act No. 7916, as amended by Republic Act No. 8748.
The creation of the Millennium Industrial Economic Zone was recommended by the Board of Directors of the Philippine Economic Zone Authority (PEZA).
The three parcels of land are designated as Parcel 1, Parcel 2, and Parcel 3 as described in the proclamation.
The purpose of designating an area as a Special Economic Zone under RA No. 7916 is to promote industrial, commercial, and investment activities with fiscal and non-fiscal incentives to stimulate economic growth in specified zones.
The key documents governing the implementation include RA No. 7916 as amended by RA No. 8748, its Implementing Rules and Regulations, and PEZA Board Resolutions Nos. 15-086 (s. 2015), 18-275 (s. 2018), and 19-226 (s. 2019).
The technical descriptions provide the precise location, boundaries, and area of each parcel to legally define the extent of the Millennium Industrial Economic Zone for regulatory and administrative purposes.
The consolidation survey was conducted by Engineer Jose M. Tecson, Jr. on October 7, 2015.
The President of the Philippines, Rodrigo Roa Duterte, is responsible for issuing the proclamation and causing the seal of the Republic of the Philippines to be affixed.
The Executive Secretary, Salvador C. Medialdea, signed the proclamation as an attestation of its authenticity and official promulgation.
Yes, the proclamation provides detailed boundaries and geographic coordinates for each parcel composing the Millennium Industrial Economic Zone.