Question & AnswerQ&A (PROCLAMATION NO. 1490)
The primary purpose of Proclamation No. 1490 is to create and designate the Transcom Center located at C-5 corner Las Fiestas Road, Frontera Verde, Pasig City, as an Information Technology Center pursuant to Republic Act No. 7916 as amended by Republic Act No. 8748.
The authority is vested under 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 has the authority to create and designate special economic zones, upon the recommendation of the Board of Directors of the Philippine Economic Zone Authority.
The Transcom Center is a building standing on three parcels of private domain land in Pasig City, which has been designated as an Information Technology Center.
The aggregate area of the three parcels of land where the Transcom Center stands is approximately 64,061.50 square meters.
The three parcels are Lot 5 Pcs-00-012097, Lot 5-B-2-D-1 Psd-00-053579, and Lot 5-B-3-A-1 Psd-00-053582, all situated in Barangay Ugong, City of Pasig, Metro Manila.
The recommendation comes from the Board of Directors of the Philippine Economic Zone Authority (PEZA).
The creation and designation are subject to Republic Act No. 7916 as amended, its Implementing Rules and Regulations, Resolution No. 00-411 dated December 29, 2000, and Resolution No. 07-310 dated July 16, 2007, of the PEZA Board of Directors.
Designating the Transcom Center as an Information Technology Center qualifies it as a special economic zone, which may entitle businesses operating there to incentives and benefits provided under the Special Economic Zone Act.
The proclamation was signed by then-President Gloria M. Arroyo and Executive Secretary Eduardo R. Ermita.