Designation of Market! Market! as an Information Technology Center
- Market! Market!, located at Lot C, Bonifacio Global City, Taguig City, is designated as an Information Technology Center.
- The designation is subject to the provisions of RA 7916 as amended, its Implementing Rules and Regulations, and specific PEZA Board Resolutions (No. 00-411 dated 29 December 2000 and No. 06-204 dated 11 May 2006).
Description of the Property
- The designated IT Center occupies a total land area of approximately 97,608.70 square meters.
- The land parcel is identified as Lot 1 under Survey Plan Pcs-00-009949, with Transfer Certificate of Title No. 38133.
- Located in Barangay Fort Bonifacio, Taguig City, Metro Manila, on Luzon Island.
Technical and Geographical Details
- Detailed technical description includes boundaries and adjoining reserved access lots, with precise bearings and distances delineated through numerous points.
- The survey references include original and consolidation/subdivision survey dates from 1946 and 2001 respectively.
- Points on the ground are marked by concrete monuments bearing true bearings.
Implementation and Effectivity
- The proclamation is signed by the President and Executive Secretary, indicating formal creation and designation.
- This formalizes Market! Market! as part of the Philippine Economic Zone framework, enabling it to enjoy the benefits accorded to IT Centers under the law.
Impact and Scope
- The designation as IT Center allows Market! Market! to partake in incentives and regulatory frameworks of PEZA-governed IT economic zones.
- Encourages IT-related investments and activities in the specified parcel of land.
- Enhances the development of Bonifacio Global City as a significant IT and business hub in Metro Manila.