Creation of St. Francis Square IT Special Economic Zone

Ask AI

PROCLAMATION NO. 375: Creation of St. Francis Square IT Special Economic Zone

Getting related questions...
What do you want to know about the law?
Your conversations and searches stay on your device. We do not store or track your activity on our servers. To know more about our privacy commitment see jur.ph/privacy Ask AI provides quick answers grounded in full case texts to avoid mistakes. Always verify with the original text.

Ask AI

Title Supreme Court: Creation of St. Francis Square IT Special Economic Zone

Law: Proclamation No. 375

Decision Date: Mar 10, 1953

A building and parcels of land in Mandaluyong City, Philippines are designated as a Special Economic Zone for Information Technology in accordance with the Special Economic Zone Act of 1995, as amended.

special economic zone

designated building

parcels of land

A

Authority, legal basis, and action

Proclamation No. 375 is issued by the President of the Philippines exercising powers vested under Republic Act No. 7916.
The President acts upon the recommendation of the Board of Directors of the Philippine Economic Zone Authority.
The zone is created and designated pursuant to Republic Act No. 7916, as amended.

Policy and statutory purpose

Republic Act No. 7916 governs the creation of Special Economic Zones.
The proclamation designates the covered area as an Information Technology Center as a type of Special Economic Zone under Republic Act No. 7916, as amended.

Scope: what is created and where

The proclamation creates and designates a building known as “St. Francis Square” and the parcels of land upon which the building stands.
The designated location is J. Vargas corner Bank Drive, Ortigas Center, Mandaluyong City.
The building has a gross floor area of 38,789 m², more or less.
The parcels of land upon which the building stands have an aggregate area of 7,490.97 m², more or less.

Legal character and governing rules

The designated building and land are declared a Special Economic Zone (Information Technology Center).
The proclamation subjects the zone to Republic Act No. 7916, as amended, and its implementing Rules and Regulations.
The proclamation also recognizes the governing board resolutions of the Philippine Economic Zone Authority listed in the proclamation.

Board resolutions and technical basis

The proclamation cites Resolution No. 00-411 (s. 2000) of the Philippine Economic Zone Authority, as amended.
The proclamation cites amended resolutions Resolution Nos. 11-066 (s. 2011), 15-240 (s. 2015), and 17-472 (s. 2017).
The proclamation cites Resolution No. 15-119 (s. 2015) of the Philippine Economic Zone Authority.
The proclamation states the zone is defined by technical descriptions of the land parcels.

Parcel descriptions defining coverage

The zone coverage includes Lot 2, PCS-00-013453, covered by TCT No. 008-2013000696.
The zone coverage includes Lot 3, Plan No. PCS-00-013453, covered by TCT No. 008-2013000697.
The zone coverage includes Lot 4, Plan No. PCS-00-013453, covered by TCT No. 008-2013000698.
The technical descriptions provide boundaries, bearings, and survey details for each lot, including “more or less” area statements for each parcel.

Administrative and signatory provisions

The proclamation is executed with the seal of the Republic of the Philippines.
The President signs the proclamation through the authorized signatory indicated in the proclamation.
The Executive Secretary signs “By the President” as indicated in the proclamation.
The proclamation is dated for execution in the City of Manila on December 07, 2017.

END