Law Summary
Legal Authority and Basis
- Enacted under the powers granted by Republic Act No. 7916 (Special Economic Zone Act of 1995), as amended by Republic Act No. 8748.
- Implementing rules and regulations include relevant PEZA Board of Directors resolutions from 2000 to 2018.
Location and Technical Description
- The parcel identified as Lot 2 Pcs-25944, covered by Transfer Certificate of Title No. 011-2015002635.
- Located in the Barrio of Oranbo, Municipality of Pasig, Province of Rizal, Island of Luzon.
- Bounded by:
- Northwest: drainage canal.
- Northeast: Lot 1 Block 2 (LRC) Pcs-19795.
- Southeast: Road Lot 1 (Amber Avenue).
- Southwest and Southeast: Lot 3 (LRC) Pcs-25944.
- Southwest: Lot 1 (LRC) Pcs-25944.
Technical Survey Details
- Survey bearings and measurements precisely describe the boundaries:
- Starting point and directions with corresponding distances.
- Points are marked on the ground with monuments.
- Original survey dates from April 8, 1920 to February 21, 1921.
- Consolidation-subdivision survey conducted on October 21, 1980.
Applicable Provisions and Compliance
- Subject to provisions of RA No. 7916 and its amendments.
- Compliance with PEZA Board Resolutions which regulate operations, governance, and qualifications of Special Economic Zones.
Effectivity and Authentication
- Proclamation signed by the President of the Philippines on November 20, 2019.
- Seal of the Republic of the Philippines affixed.
- Certified and attested by the Executive Secretary.
This proclamation legally creates and defines the Cyber Omega building and its land parcel as a Special Economic Zone dedicated as an Information Technology Center within the framework of Philippine law and PEZA regulatory guidelines.