Question & AnswerQ&A (PROCLAMATION NO. 204)
The designation is pursuant to Republic Act No. 7916, 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 designate lands for inclusion into special economic zones upon the recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA).
PEZA's Board of Directors makes recommendations for the designation of land parcels into special economic zones, which the President then approves.
The aggregate area of the designated land parcels is approximately 405,739 square meters.
The inclusion is subject to the provisions of RA No. 7916 as amended, its Implementing Rules and Regulations, and PEZA Board of Directors Resolution No. 20-221 (s. 2021).
Yes. The legal survey references include survey plans such as Sp-041017-003, Pcs-04-005089, Malvar Cadastre, and TCT numbers (Transfer Certificates of Title) for each parcel.
Under RA No. 7916, lands included in an SEZ benefit from incentives such as tax holidays, simplified import and export procedures, and exemption from certain local government taxes, aimed to encourage investment and economic growth.
Boundaries are documented through technical descriptions prepared by licensed geodetic engineers, with details such as bearings, distances, adjoining lots, and marked with Old PS cylindrical concrete monuments.
The proclamation legally includes the specified lands into the Lima Technology Center-SEZ, subjecting these parcels to the regulatory framework of special economic zones, encouraging industrial or technological development pursuant to the law.