Legal Basis and Authority
- The proclamation is issued under the powers vested in the President of the Republic of the Philippines under RA No. 7916, as amended.
- Recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA) was considered.
- The law is supplemented by PEZA Board Resolutions (Nos. 00-411, 11-066, 15-240, 17-472, 17-272) and the Implementing Rules and Regulations of RA 7916.
Technical Description and Boundaries of the Land Parcel
- Parcel Identification: SK-07-000310, which is a portion of Lot 163 and Lot 171-B, Dumaguete Cadastre.
- Location: Barangay Piapi, Dumaguete City, Negros Oriental, Island of Negros.
- Boundary points and lines described with specified bearings and distances:
- Southwest boundary along Portion of Lot 163 and Lot 171-B.
- Northwest boundary along Lot 171-A.
- Northeast boundary along Lot 171-C (Flores Avenue).
- Southeast boundary along Lot 170 and Portion of Lot 163.
- The survey was consolidated and subdivided on May 20, 2021, and approved on May 17, 2022.
- All corners are marked with P.S. cylindrical concrete monuments with dimensions 15x40 cms.
Legal and Procedural Formalities
- The proclamation was signed by the President and attested by the Executive Secretary.
- The official seal of the Republic of the Philippines was affixed.
- The date of issuance is July 25, 2023, in the City of Manila.
Scope and Implications
- The designated area shall operate subject to the provisions of RA 7916 and its amendments.
- This Special Economic Zone is specifically identified as an Information Technology Center.
- Facilitates economic activities, investments, and incentives under PEZA rules in the IT sector within the specified location.
Important Legal Concepts
- Special Economic Zones are defined areas providing incentives and regulatory mechanisms to promote investment and economic growth.
- The designation process is presidential and requires technical specifications and compliance with existing laws and PEZA regulations.
- The official survey and detailed boundary descriptions ensure legal clarity and protection of the zone's territorial integrity.