Question & AnswerQ&A (PROCLAMATION NO. 1134)
Republic Act No. 7916, otherwise known as the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748, authorizes the designation of special economic zones.
The President of the Philippines has the power to designate land as part of a special economic zone under RA No. 7916, upon recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA).
A parcel of land located at Barangay Mamplasan, Biñan City, Laguna with an area of 21,426 square meters, identified as Lot 2679-C-2 Psd-04-233355 TCT No. 060-2014021682, was included.
The provisions of RA No. 7916 as amended, its Implementing Rules and Regulations, and PEZA Resolution No. 15-209 (s. 2015) govern the inclusion of land parcels into special economic zones.
The technical description and survey boundaries precisely identify the specific land area being included in the special economic zone to avoid disputes and establish legal clarity.
The proclamation was signed by President Benigno S. Aquino III and Executive Secretary Paquito N. Ochoa, Jr.
The designated land is situated in Barangay Mamplasan, City of Biñan, Province of Laguna, Island of Luzon.
The purpose is to promote economic development by attracting investments, facilitating business operations, providing incentives, and improving the economic landscape through special regulatory and fiscal incentives.
The Transfer Certificate of Title (TCT) No. 060-2014021682 proves legal ownership of the designated parcel of land included in the special economic zone.