Question & AnswerQ&A (PROCLAMATION NO. 590)
The creation and designation of the MacroAsia Cebu Special Ecozone is pursuant to Republic Act No. 7916, the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748.
The President of the Philippines, upon recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA), has the authority to create and designate special economic zones under RA No. 7916.
The MacroAsia Cebu Special Ecozone is located within the Mactan Cebu International Airport, Barangay Ibo, City of Lapu-Lapu, Province of Cebu, Island of Mactan.
The total aggregate land area designated as the MacroAsia Cebu Special Ecozone is Fifty Thousand (50,000) square meters, more or less.
The two parcels of land are referred to as Lot 1 SK-07-000158 and Lot 2 SK-07-000158, as per the Sketch Plan SK-07-000158.
The operation and administration of the MacroAsia Cebu Special Ecozone are subject to provisions of RA No. 7916 as amended, its Implementing Rules and Regulations, PEZA Resolution No. 10-001 (s. 2010), and Resolution No. 10-325 (s. 2010).
The Sketch Plan SK-07-000158 was executed by Geodetic Engineer J. Vito Genson on September 7, 2011, and was approved on December 15, 2011.
Each lot is described with precise bearings and distances referencing nearby cadastral lots in Opon Cadastre, including specific points marked on the ground with old Philippine Survey control markers.
The purpose is to create and designate the two parcels of land within Mactan Cebu International Airport as a Special Economic Zone to foster economic activities under the framework of RA No. 7916 and its amendments.
The Philippine Economic Zone Authority (PEZA) Board of Directors recommends the creation of special economic zones to the President of the Philippines.