Question & AnswerQ&A (PROCLAMATION NO. 531)
The purpose of Proclamation No. 531 is to create and designate a building located at Sapphire and Garnet Roads, Ortigas Center, Pasig City, as an Information Technology Center under the provisions of Republic Act No. 7916, as amended by Republic Act No. 8748.
The building is designated as an Information Technology Center 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, pursuant to the powers vested under Republic Act No. 7916 and upon recommendation of the Philippine Economic Zone Authority (PEZA) Board of Directors, has the authority to create and designate special economic zones.
The designated location is a building at Sapphire and Garnet Roads, Ortigas Center, Pasig City, containing an area of 2,500 square meters, to be known as Cyberscape Alpha.
The Philippine Economic Zone Authority (PEZA) Board of Directors recommended the designation.
The designation is subject to the provisions of Republic Act No. 7916, as amended, and its Implementing Rules and Regulations as well as PEZA Board Resolutions Nos. 00-411 (S. 2000) and 11-665 (S. 2011.
The building designated as an Information Technology Center becomes a special economic zone with benefits and incentives under Republic Act No. 7916, designed to promote IT investments and business activities within the zone.
The land is described in technical terms including its lot number (Lot 2-B, Psd-00-036193), exact boundaries, geographical area (2,500 square meters), and points marked on the ground with coordinates and reference to previous surveys.
President Benigno S. Aquino III signed Proclamation No. 531 on January 4, 2013.
The PEZA Board Resolutions provide the implementing policies and guidelines that govern the operation and regulation of Information Technology Centers and other special economic zones created under Republic Act No. 7916.