Question & AnswerQ&A (PROCLAMATION NO. 851)
The main purpose of Proclamation No. 851 is to create and designate the 6750 Ayala Avenue Building in Barangay San Lorenzo, Makati City, Metro Manila as an Information Technology Building pursuant to Republic Act No. 7916, as amended by Republic Act No. 8748.
The designation is made 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 Republic of the Philippines has the authority to create and designate special economic zones or buildings under Republic Act No. 7916, as amended by RA 8748, and upon the recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA).
The 6750 Ayala Avenue Building has an area of 247,151 square meters, more or less.
It is situated on a 4,759-square meter lot which is a portion of Lot 1 of the subdivision plan Psd-00-041503, Barangay San Lorenzo, Makati City, Metro Manila.
The Board of Directors of the Philippine Economic Zone Authority (PEZA) recommended the creation of the Information Technology Building.
It is governed by Republic Act No. 7916, as amended by Republic Act No. 8748, its Implementing Rules and Regulations, and Resolutions Nos. 00-411 and 02-311 of the PEZA Board of Directors.
The boundaries are described in the proclamation text, which includes barangay boundaries, various lots and subdivision plans, and roads such as Ayala Avenue, Makati Avenue, and Pasay Diversion Road with specified line segments and compass directions.
The proclamation was signed by then President Gloria Macapagal-Arroyo and Executive Secretary Eduardo R. Ermita.
Declaring a building as an Information Technology Building under RA 7916 and RA 8748 subjects it to the special economic zone status which grants incentives and benefits to IT-related enterprises inside it, foster economic growth, and promote the IT industry in the Philippines.