Question & AnswerQ&A (Republic Act No. 11668)
The legal basis is 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 create and designate buildings as Information Technology Centers, upon recommendation by the Board of Directors of the Philippine Economic Zone Authority (PEZA).
Citynet Central is located at Sultan Street, Barangay Highway Hills, Mandaluyong City, with an area of approximately 5,718 square meters.
The Philippine Economic Zone Authority (PEZA) Board of Directors recommended the designation.
The key documents include Republic Act No. 7916 as amended by RA No. 8748, its Implementing Rules and Regulations, Resolution No. 00-411 (s. 2000), Resolution No. 11-066 (s. 2011), and Resolution No. 13-146 (s. 2013) of the PEZA.
The technical description precisely defines the boundaries and location of the property designated as Citynet Central to avoid legal disputes and clarify the exact land subject to the designation.
Yes, Paquito N. Ochoa, Jr., the Executive Secretary, signed the proclamation on behalf of the President.
Citynet Central is designated subject to the provisions of RA No. 7916 as amended, its Implementing Rules and Regulations, and the relevant PEZA resolutions mentioned in the proclamation.
Such designation confers economic zone status, which may provide tax incentives and other benefits to promote IT-related business activities in the premises.
The land was surveyed using subdivision and survey plans approved by relevant authorities, with bearings and distances specified, ensuring accurate demarcation by licensed surveyors.