Title
Supreme Court
Proclamation Designating BGC Corporate Center 2 as IT Special Economic Zone
Law
Proclamation No. 759
Decision Date
Jun 26, 2019
Proclamation No. 759 designates BGC Corporate Center 2 and its land in Bonifacio Global City as a Special Economic Zone, in accordance with Republic Act No. 7916 and Republic Act No. 8748, providing incentives for Information Technology-related activities within the zone.

Law Summary

Legal Basis and Authorities Involved

  • Authority for creation based on Republic Act No. 7916, "Special Economic Zone Act of 1995," as amended by RA No. 8748.
  • The designation is pursuant to recommendations from the Board of Directors of the Philippine Economic Zone Authority (PEZA).
  • Compliance with PEZA Board resolutions, namely Nos. 00-411 (s. 2000), 11-066 (s. 2011), 15-240 (s. 2015), 17-472 (s. 2017), and 17-303 (s. 2017).
  • Implementing rules and regulations of RA No. 7916 apply.

Technical Description of the Designated Area

  • The designated land parcel corresponds to Lot 8, Block 1, covered by Transfer Certificate of Title No. 1236-P.
  • The description includes reference to multiple consolidation and subdivision plans covering adjacent blocks, lots, and road lots in Fort Bonifacio, Taguig.
  • The perimeter boundaries are specifically indicated by bearings, distances, and adjacent lots and roads.
  • Survey details include original survey dates (Sept. - Dec. 1907), consolidation-subdivision survey date (Feb. 10, 2006), and approval date (April 18, 2006).
  • Ground markers as per Philippine Survey standards are detailed (concrete monuments, bearings).

Jurisdiction and Location Context

  • The Special Economic Zone falls within the territorial jurisdiction of the Municipality of Taguig, Province of Metro Manila, Island of Luzon.
  • Situated in the barrio (district) of Fort Bonifacio, a key urban center.

Formality and Effectivity

  • Formal proclamation and creation executed by the President of the Republic of the Philippines.
  • Sealed and signed on June 26, 2019, in Manila by President Rodrigo Roa Duterte and Executive Secretary Salvador C. Medialdea.

Scope and Purpose

  • The designation aims to facilitate the establishment and development of an Information Technology Center.
  • Subject to the Special Economic Zone Act provisions, promoting economic growth, investment, and technological development within the designated area.
  • The zone enjoys regulatory and fiscal incentives as stipulated under RA No. 7916 and its amendments.

This proclamation ensures the legal recognition and development framework for a specified IT-focused economic zone within Bonifacio Global City, advancing the Philippines’ policy to attract IT investments and promote technology-driven industries.


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