Title
Supreme Court
Creation of Fice Centre as IT Special Economic Zone
Law
Proclamation No. 349
Decision Date
Sep 27, 2023
President Rodrigo Roa Duterte designates The Finance Centre and its surrounding land as a Special Economic Zone, in accordance with the Special Economic Zone Act of 1995, to promote economic growth and development in Taguig City.

Law Summary

Legal Authority and Framework

  • The proclamation is issued by the President of the Philippines under the authority granted by RA No. 7916 and its amendments.
  • It follows recommendations from the Philippine Economic Zone Authority (PEZA) Board of Directors.
  • The special economic zone designation is subject to the provisions of RA No. 7916, its Implementing Rules and Regulations (IRR), and specific resolutions by the PEZA Board (Resolutions No. 00-411, 11-066, 15-240, 16-188, and 17-472).
  • This legal framework defines the scope and operational guidelines for the SEZ.

Technical Description of Lot 1

  • Lot 1 is covered by Transfer Certificate of Title (TCT) No. 164-2013005505.
  • Located in Barangay Fort Bonifacio, Taguig City, Metro Manila, Island of Luzon.
  • Boundaries are carefully described with reference to adjacent lots, access roads, and reserved lots.
  • The lot covers approximately 2,305 square meters.
  • Detailed geographic bearings and distances are described, based on surveys conducted from 1907 and a subdivision survey in 2000.
  • Physical markers such as P.S. cylinder concrete monuments are noted for boundary identification.

Technical Description of Lot 2

  • Lot 2 is covered by Transfer Certificate of Title (TCT) No. 164-2013005504.
  • Also situated in Barangay Fort Bonifacio, Taguig City, Metro Manila, Island of Luzon.
  • Boundaries defined with reference to neighboring lots and reserved access areas.
  • The lot encompasses approximately 2,818 square meters.
  • Bearings, distances, and survey data are provided from the original 1907 survey and the 2000 subdivision survey.
  • Boundary markers include various sized P.S. cylinder concrete monuments.

Effectivity and Certification

  • The proclamation is executed and sealed by the President of the Philippines.
  • The official authorization includes the signature of the Executive Secretary, affirming its validity.
  • The designation of the special economic zone takes effect as of the stated date in November 2017.
  • This legal instrument serves as the basis for applying the rules and incentives associated with PEZA-designated zones in the specified location.

Analyze Cases Smarter, Faster
Jur is a legal research platform serving the Philippines with case digests and jurisprudence resources. AI digests are study aids only—use responsibly.