Question & AnswerQ&A (PROCLAMATION NO. 1698)
Proclamation No. 1698 officially creates and designates the Eco Plaza building located at No. 2305 Chino Roces Avenue Extension, Makati City, as an Information Technology Center pursuant to Republic Act No. 7916 as amended by Republic Act No. 8748.
The declaration is made pursuant to 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 has the authority, upon recommendation of the Philippine Economic Zone Authority Board of Directors.
The location is identified as Lot 2-B-1-A, (LRC) Psd-62807 Rel-00-001279, on a parcel of private land at No. 2305 Chino Roces Avenue Extension, Makati City, containing approximately 5,000 square meters.
The Board of Directors of the Philippine Economic Zone Authority (PEZA).
Bounded by Pasong Tamo Street (20 m wide) to the southwest, Lot 2-A (LRC Psd-44087) to the northwest, National Power Corporation property (30 m wide) to the northeast, and Lot 2-B-1-B (LRC Psd-62807) to the southeast.
It designates the area as a special economic zone entitled to certain incentives and benefits under the law such as tax holidays and simplified import-export procedures to promote IT and IT-enabled services.
The relocation survey was executed by Pastor S. Lumen, Geodetic Engineer, on March 17, 2008.
The signature of the President of the Philippines and the affixing of the Republic's seal, as well as publication or posting as required by law.
Eduardo R. Ermita signed the proclamation as Executive Secretary.