Question & AnswerQ&A (PROCLAMATION NO. 223)
Proclamation No. 223 creates and designates an existing building known as Reliance I.T. Center, located at 99 E. Rodriguez Jr., Barrio Ugong, Pasig City, as an Information Technology Center under the Special Economic Zone Act of 1995, as amended.
The Reliance I.T. Center was established under Republic Act No. 7916, also known as the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748.
The parcel of land containing the Reliance I.T. Center has an area of Four Thousand One Hundred Eighty Four (4,184) square meters, more or less.
The designation was made upon the recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA).
The gross floor area of the Reliance I.T. Center is approximately 19,824 square meters.
Republic Act No. 7916, or the Special Economic Zone Act of 1995, provides for the creation, administration, and regulation of special economic zones in the Philippines to promote investments, exports, and employment.
The center is located in Pasig City, Metro Manila, which historically was part of the Province of Rizal.
The proclamation includes a technical description with boundary points, lot numbers, bearings, distances, and reference to survey landmarks executed by a geodetic engineer, specifying the precise location and area of the property.
A presidential proclamation under RA No. 7916 legally creates and designates a specific area or building as a special economic zone or IT center, subjecting it to special economic regulations and incentives under the law.