Question & AnswerQ&A (PROCLAMATION NO. 1617)
Proclamation No. 1617, dated September 8, 2008, creates and designates the Blue Wave Marikina building in Marikina City as an Information Technology Center pursuant to Republic Act No. 7916 as amended by Republic Act No. 8748.
Republic Act No. 7916, known as the Special Economic Zone Act of 1995, and its amendment under Republic Act No. 8748 are cited as the legal basis for Proclamation No. 1617.
The President of the Philippines has the authority to create and designate Special Economic Zones pursuant to Republic Act No. 7916 as amended.
It is located along Sumulong Highway corner G. Fernando Avenue, Barangay Sto. Nino, Marikina City, Metro Manila.
The Blue Wave Marikina is situated on a parcel of private land with an area of 7,624.07 square meters, more or less.
Resolution No. 00-411 dated December 29, 2000, and Resolution No. 08-269 dated May 29, 2008, of the Board of Directors of PEZA are mentioned as relevant to the proclamation.
The technical description and boundaries are detailed within the proclamation referencing Lot 6, Pcs-34498 situated in Barangay Sto. Nino, Marikina City, with specific points and measurements provided.
The proclamation creates and designates the building known as the Blue Wave Marikina as an Information Technology Center, subjecting it to the provisions and benefits of Republic Act No. 7916 as amended.
The proclamation was signed by President Gloria M. Arroyo and by Executive Secretary Eduardo R. Ermita.
Republic Act No. 7916, the Special Economic Zone Act of 1995, provides the legal framework for the creation of special economic zones to promote investments and development, under which the Blue Wave Marikina was designated as an Information Technology Center.