Designation of Land Parcels for Inclusion into Special Economic Zone
- Several parcels of land in Barangays Santiago, Luta Sur, and Bagong Pook, Municipality of Malvar, Batangas Province, are designated for inclusion into the existing Lima Technology Center-Special Economic Zone.\n- The total combined area amounts to approximately 405,739 square meters.\n- This designation is pursuant to Republic Act No. 7916 (Special Economic Zone Act of 1995), as amended by Republic Act No. 8748, and follows the recommendation of the PEZA Board of Directors.\n- The designation is subject to RA No. 7916, its Implementing Rules and Regulations, and PEZA Board Resolution No. 20-221 (2021).\n\n### Legal Basis and Authority for the Designation
- Authority stems from Republic Act No. 7916 and Republic Act No. 8748 which empower the President to designate special economic zones.\n- The declaration relies on PEZA’s assessment and recommendation validated by applicable laws and rules.\n\n### Description and Technical Boundaries of Included Land Parcels
- The parcels include specific lots identified by survey plans and Transfer Certificate of Titles (TCTs).\n- Each parcel is detailed with bearings, measurements, adjoining lots, natural boundaries such as creeks and rivers, and official survey monuments as corners (Old PS cylindrical concrete monuments).\n- The parcels range in size from 5,142 square meters to 80,001 square meters individually.\n- All descriptions include precise geographic coordinates and lines following true or grid bearings approved in 2021-2022.\n\n### Location and Administrative Jurisdiction
- All parcels are located within Barangays Santiago, Luta Sur, and Bagong Pook, in the Municipality of Malvar, Province of Batangas on the Island of Luzon.\n- The special economic zone inclusion applies within these political subdivisions, governed by existing laws and regulations regarding economic zones.\n\n### Compliance and Approval Process
- Survey plans and technical descriptions were prepared in 2021-2022 and approved by competent authorities prior to designation.\n- The proclamation was formally signed by the President in Manila on April 19, 2023, and bears the official seal of the Republic of the Philippines.\n\n### Legal Effect and Scope of the Proclamation
- The inclusion of these parcels into the Lima Technology Center-Special Economic Zone subjects them to incentives, rules, and provisions under RA No. 7916 and its amendments designed to promote economic development.\n- This facilitates economic activities, investment, and development projects within the designated zone.\n- All transactions and developments must adhere to PEZA regulations and the implementing rules under RA No. 7916.\n\n### Official Signatories and Enactment
- The proclamation was issued and signed by President Ferdinand R. Marcos, Jr.\n- The Executive Secretary, Lucas P. Bersamin, countersigned the document, with the location and date of enactment clearly indicated.\n- This formal act signifies full governmental approval and effectivity of the designation.