Question & AnswerQ&A (Commonwealth Act No. 65)
Republic Act No. 7916, known as the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748, serve as the legal basis for the designation.
The designated land parcel has an aggregate area of One Hundred One Thousand One Hundred Forty-Five (101,145) 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 parcel is Lot 3, Pcs-04-010975, TCT No. T-163820, situated in Barangay Canlubang, Municipality of Calamba, Province of Laguna.
The rules, regulations, and resolutions of the Philippine Economic Zone Authority (PEZA), specifically Resolution No. 13-149 (s. 2013), govern the designation.
Proclamation No. 692 is an executive proclamation that legally designates a specified parcel of land as part of a Special Economic Zone, thereby subjecting it to the regulatory framework of RA No. 7916 as amended.
The proclamation details specific geospatial coordinates, bearings, and adjacent lots, referencing the consolidation subdivision plan Pcs-04-010975 and consolidated land parcels, with measurements in degrees and meters to define the perimeter.
The seal of the Republic of the Philippines is affixed, signifying official government endorsement and legal force of the proclamation.
The land becomes part of a Special Economic Zone subject to special incentives, regulatory frameworks, and economic activities governed by RA 7916 as amended, potentially affecting taxation, investment, and industrial development.