Question & AnswerQ&A (PROCLAMATION NO. 364)
Proclamation No. 364, dated March 30, 2012, creates and designates a building known as the Filinvest EDSA Building, located at 167 Epifanio Delos Santos Avenue, Mandaluyong City, as an Information Technology Center pursuant to Republic Act No. 7916, as amended by Republic Act No. 8748.
The designation is pursuant to Republic Act No. 7916, also known as the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748.
The President of the Philippines, under the powers vested by Republic Act No. 7916, as amended, upon recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA).
The designation is governed by Republic Act No. 7916, its Implementing Rules and Regulations, and PEZA Board Resolutions No. 00-411 (s. 2000), 11-066 (s. 2011), and 11-130 (s. 2011).
The building stands on a parcel of land located at 167 Epifanio Delos Santos Avenue, Mandaluyong City, with an area of approximately 2,381 square meters, specifically Lot No. 9, Block No. 7, TCT No. 41815, Pcs-3644, situated in Barrio Wack-Wack, Mandaluyong, Rizal.
Republic Act No. 7916, or the Special Economic Zone Act of 1995, provides the legal framework for the creation, regulation, and administration of special economic zones in the Philippines including Information Technology Centers like the Filinvest EDSA Building.
The recommendation came from the Board of Directors of the Philippine Economic Zone Authority (PEZA).
PEZA Board Resolutions No. 00-411, 11-066, and 11-130 provide the procedural and regulatory guidelines that govern the establishment and operation of Information Technology Centers like the Filinvest EDSA Building under the special economic zone law.
The land is described as private domain and its boundaries and survey details are clearly outlined to legally identify the property designated as the Information Technology Center.
The signing by the President and Executive Secretary gives Proclamation No. 364 the force of law, officially creating and designating the Filinvest EDSA Building as an Information Technology Center under the Special Economic Zone Act.