Question & AnswerQ&A (PROCLAMATION NO. 884)
Republic Act No. 7916, known as the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748, empowers the President to create and designate Information Technology Centers.
The building known as One World Place, located at Lot 7, Block 5, 32nd Street, City Center North, Bonifacio Global City, Taguig City, with an area of 1,790 square meters, is designated as an Information Technology Center.
The Board of Directors of the Philippine Economic Zone Authority (PEZA) recommended the designation of One World Place as an Information Technology Center.
PEZA Resolution No. 00-411 (s. 2000), as amended by Resolutions 11-006 (s. 2011) and 12-639 (s. 2012), contains the implementing rules and regulations that govern the designation and operation of Information Technology Centers under RA No. 7916.
The land is described as Lot 7, Block 5 of the consolidation subdivision plan Pcs-00-012537, including technical boundaries and survey details provided in the proclamation.
The technical survey and boundary descriptions precisely delineate the location and area of the designated IT Center, ensuring legal clarity and preventing disputes over land use.
Proclamation No. 884 was signed by President Benigno S. Aquino III and Executive Secretary Paquito N. Ochoa Jr., establishing its validity and enforcement as an official act of the Philippine government.
The designation is governed by RA No. 7916, its Implementing Rules and Regulations, and specific PEZA Board Resolutions including 00-411 (s. 2000), 11-006 (s. 2011), and 12-639 (s. 2012).
The proclamation grants the building special economic zone status as an IT Center, which may include tax incentives, regulatory benefits, and other privileges under RA No. 7916 and PEZA rules.
The proclamation designates the building and land as an IT Center for special economic purposes but does not inherently alter ownership rights; rather it imposes operational conditions under the law.