Question & AnswerQ&A (PROCLAMATION NO. 1438)
The purpose is to create and designate the SM Makati Cyberzone Building as an Information Technology Center under Republic Act No. 7916, as amended by Republic Act No. 8748.
It was created and designated pursuant to Republic Act No. 7916, the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748.
The President of the Philippines, upon recommendation of the Philippine Economic Zone Authority's Board of Directors, has the authority.
Their recommendation was the basis for the President's declaration and creation of the SM Makati Cyberzone as an Information Technology Center.
It is located at No. 69 Jupiter Street, Makati City, on three parcels of land totalling approximately 6,150 square meters.
The land parcels are Lot 1-B (2,050 sqm), Lot 1-C (2,050 sqm), and Lot 1-D (2,050 sqm) as described and covered by respective Transfer Certificates of Title.
It subjects the area to special economic zone rules, incentives, and regulations that promote the Information Technology industry.
Republic Act No. 7916 as amended, its Implementing Rules and Regulations, and specific Board Resolutions No. 00-411 and No. 07-142 from the Philippine Economic Zone Authority.
Then-President Gloria M. Arroyo signed the proclamation, with Executive Secretary Eduardo R. Ermita also signing.
The proclamation provides technical descriptions including bearings, distances, point markers, survey dates from 1923-1924 and 1973, and identifies survey monuments and subdivision plans.