PROCLAMATION NO. 1203

Legal Basis: The proclamation is issued under the authority granted by Republic Act (RA) No. 7916, as amended by RA No. 8748, which pertains to the establishment of special economic zones.
Designated Authority: The proclamation follows the recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA).

Location: The designated parcel of land is located at SM Central Business Park 1-A, Mall of Asia Complex, Pasay City, Metro Manila.
Area: The total area of the designated land is Fifty Thousand Seventy-Seven (50,077) square meters.
Technical Description: The land is identified as Lot 14-E of the subdivision plan Psd-00-051860, and is bounded by specific road lots, with a detailed boundary description provided through coordinates and bearings.

Compliance: The designation as an Information Technology (IT) Park is subject to the provisions of RA No. 7916 and its Implementing Rules and Regulations.
Resolutions: The specific resolutions from PEZA’s Board of Directors that govern the designation include Resolution No. 00-411 (s. 2000) and its amendment Resolution No. 04-295 (s. 2004).

Signature and Seal: The proclamation is executed by President Benigno S. Aquino III and countersigned by Executive Secretary Paquito N. Ochoa, Jr., with the seal of the Republic of the Philippines affixed.
Date of Proclamation: The proclamation was formally signed on January 25, 2016.

Proclamation No. 1203 establishes a new IT Park in Pasay City, reinforcing the government's commitment to economic development through the establishment of special economic zones.
The proclamation is rooted in existing laws governing economic zones and emphasizes compliance with regulatory frameworks provided by PEZA.
The detailed technical description ensures clear identification of the designated area, facilitating future development and investment in the tech sector.