Governing Legal Framework
- The designation is pursuant to Republic Act No. 7916, known as the "Special Economic Zone Act of 1995," as amended by Republic Act No. 8748.
- Subject to Implementing Rules and Regulations of RA No. 7916.
- Compliance with PEZA Board of Directors Resolutions: No. 00-411 (2000), 11-066 (2011), 15-240 (2015), 17-472 (2017), 14-726 (2014), and their amendments.
Technical Description and Boundaries
- The designated site comprises portions of Lot 4-B (LRC) Psd-196208 and Lot 5 (LRC) Pcs-7728.
- Precisely defined boundaries along Lots 4-B and 5 with detailed bearings and distances.
- Survey and technical description conducted by private Geodetic Engineer Eduardo B. Sarmiento (September 2017).
- Verification and certification by DENR-NCR engineers and officials on September 18, 2017.
Legal Formalization and Authority
- The creation and designation were made by the President of the Philippines, Rodrigo Roa Duterte, exercising powers granted under RA No. 7916 and upon recommendation from the PEZA Board of Directors.
- Official documentation endorsed with Philippine government seal.
- Signed and executed in Manila, May 26, 2020.
Key Legal Implications
- The designated area is officially recognized as a Special Economic Zone focusing on Information Technology industries.
- This designation enables the application of special economic zone laws, benefits, incentives, and regulations as provided under RA 7916 and its amendments.
- Encourages investment and development in the designated Information Technology Center within Pasig City.
Administrative and Technical Compliance
- All technical surveys and legal descriptions meet DENR standards and requirements.
- The designation aligns with established norms for Special Economic Zones under Philippine law.
- PEZA resolutions incorporated to support regulatory and operational governance of the zone.