Question & AnswerQ&A (PROCLAMATION NO. 1718)
The building is designated as an Information Technology Center pursuant to Republic Act No. 7916, otherwise known as the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748.
The designation was made upon the recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA).
Republic Act No. 7916 provides the legal basis for creating and managing special economic zones, including Information Technology Centers. It empowers the President and PEZA to designate such zones and facilities under certain conditions and regulations.
The parcel of land consists of Portions of Lot 5 (LRC) Pcs-14655 and Lot 4-B (LRC) Psd-196208 situated in Barangay Ugong, Pasig City, with a combined area of about 3,190.57 square meters, with specific boundary points and measurements detailed in the proclamation.
The proclamation references Board Resolution No. 00-411 dated December 29, 2000, Resolution No. 07-586 dated December 17, 2007, and Resolution No. 08-567 dated November 10, 2008.
The designation must comply with provisions of RA 7916 as amended, its Implementing Rules and Regulations, and relevant Board Resolutions of PEZA for zoning, operations, and use of private domain lands for IT centers.
The President exercises the power vested by law to create and designate economic zones and facilities such as Information Technology Centers pursuant to RA 7916 as amended.
The designated building stands on a parcel of land that is part of the private domain.