Creating and Designating a Building at 9th Avenue Corner 31st Street, Bonifacio Global City, Fort Bonifacio, Taguig City, as a Special Economic Zone (IT Center)
Proclamation No. 406, issued on January 23, 2018, designates the Ore Central Building and its surrounding land in Bonifacio Global City, Taguig, as a Special Economic Zone (Information Technology Center) under Republic Act No. 7916, as amended by RA No. 8748. The building has a gross floor area of approximately 32,086.63 square meters, while the designated land covers about 2,906 square meters. This designation is based on recommendations from the Philippine Economic Zone Authority (PEZA) and aims to promote economic development in the area. The proclamation includes detailed technical descriptions of the land parcels involved.
Quick Answers
- What is Creating and Designating a Building at 9th Avenue Corner 31st Street, Bonifacio Global City, Fort Bonifacio, Taguig City, as a Special Economic Zone (IT Center) about?
- Proclamation No. 406, issued on January 23, 2018, designates the Ore Central Building and its surrounding land in Bonifacio Global City, Taguig, as a Special Economic Zone (Information Technology Center) under Republic Act No. 7916, as amended by RA No. 8748. The building has a gross floor area of approximately 32,086.63 square meters, while the designated land covers about 2,906 square meters. This designation is based on recommendations from the Philippine Economic Zone Authority (PEZA) and aims to promote economic development in the area. The proclamation includes detailed technical descriptions of the land parcels involved.
- What type of law is Proclamation No. 406?
- Creating and Designating a Building at 9th Avenue Corner 31st Street, Bonifacio Global City, Fort Bonifacio, Taguig City, as a Special Economic Zone (IT Center) (Proclamation No. 406) is a Philippine Presidential Issuances enacted by the Congress of the Philippines.
- When was Creating and Designating a Building at 9th Avenue Corner 31st Street, Bonifacio Global City, Fort Bonifacio, Taguig City, as a Special Economic Zone (IT Center) enacted?
- Creating and Designating a Building at 9th Avenue Corner 31st Street, Bonifacio Global City, Fort Bonifacio, Taguig City, as a Special Economic Zone (IT Center) (Proclamation No. 406) was enacted on Jan 23, 2018.
- What is the citation for Creating and Designating a Building at 9th Avenue Corner 31st Street, Bonifacio Global City, Fort Bonifacio, Taguig City, as a Special Economic Zone (IT Center)?
- Creating and Designating a Building at 9th Avenue Corner 31st Street, Bonifacio Global City, Fort Bonifacio, Taguig City, as a Special Economic Zone (IT Center), Proclamation No. 406, Jan 23, 2018 (Philippines)
Law Information
- Reference Number
- Proclamation No. 406
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Presidential Proclamations
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
January 23, 2018
PROCLAMATION NO. 406
CREATING AND DESIGNATING A BUILDING AND THE PARCELS OF LAND UPON WHICH IT STANDS, LOCATED AT 9TH AVENUE CORNER 31ST STREET, BONIFACIO GLOBAL CITY, FORT BONIFACIO, TAGUIG CITY, AS A SPECIAL ECONOMIC ZONE (INFORMATION TECHNOLOGY CENTER), PURSUANT TO REPUBLIC ACT NO. 7916, AS AMENDED BY REPUBLIC ACT NO. 8748
Pursuant to the powers vested in me under Republic Act (RA) No. 7916,otherwise known as the "Special Economic Zone Act of 1995," as amended by RA No. 8748, and upon the recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA), I, RODRIGO ROA DUTERTE, President of the Republic of the Philippines, do hereby create and designate a building to be known as Ore Central Building, with a gross floor area of Thirty Two Thousand Eighty-Six and 63/100 square meters (32,086.63 m2), more or less, and the parcels of land upon which the building stands, located at 9th Avenue corner 31st Street, Bonifacio Global City, Fort Bonifacio, Taguig City, containing an aggregate area of Two Thousand Nine Hundred Six square meters (2,906 m2), more or less, subject to the provisions of RA No. 7916, as amended, its Implementing Rules and Regulations, Resolution No. 00-411 (s. 2000), as amended by Resolution Nos. 11-066 (s. 2011), 15-240 (s. 2015) and 17-472 (s. 2017), and Resolution No. 16-243 (s. 2016) of the PEZA Board of Directors, as a Special Economic Zone (Information Technology Center), as defined by the following technical descriptions:
Lot 11 Block 2
A parcel of land covered by TCT No. 2049 P (Lot 11 Block 2 of the cons. subd. plan Pcs-00-011796, being a portion of Blk. 6, Blk. 10 Lots 1-4, Blk. 11 Lots 1-7, Blk. 21, Blk. 29, Reserved Lots 3-9 and Road Lots 7, 10, 14, 17 & 18 all of pcs-00-007928; Blks. 2, 3, 8, 21 & 50, Reserved Access Lots 2, 3, 6, 9, 20, 21, 48 & 49 all of Psd-00-046745; Lots 1-7 of Psd-00-060299; Blks. 1 & 2 Road Lots 1-7 of Pcs-00-008760; Lots 1-3 of Psd-00-060334; Lots 1 & 2 of Pcs-00-008685; Reserved Access Lot 5 of Pcs-00-009913; and Reserved Access Lot 51-B of Psd-00-058169, LRC Rec. No. ), situated in the Bo. of Fort Bonifacio, Mun. of Taguig, Prov. of M.M., Island of Luzon.
Bounded on the SE., along line 1-2 by Lot 12 Blk. 2 of the Plan; on the SW., along line 2-3 by Road Lot 2 of the Plan; on the NW., along line 3-4 by Lot 13 Blk. 2 (Reserved Access Lot) of the Plan; on the NE., along line 4-1 by Lot 6 Blk. 2 (Reserved Access Lot) of the Plan.
Beginning at a point marked "1" on the plan, being N. 41 deg. on 01' W., 3,744.95 m. from BLLM 1, Mcadm-590-D:
thence S. 18 deg. 12' W., 35.00 m. to point 2;
thence S. 71 deg. 48' W., 41.50 m. to point 3;
thence N. 18 deg. 12' E., 35.00 m. to point 4;
thence S. 71 deg. 48' E., 41.50 m. to the point of
beginning; containing an area of One Thousand Four Hundred Fifty-Three square meters (1,453 m2), more or less. All points referred to are indicated on the plan and are marked on the ground by P.S. cyl. conc. mons. 15 x 40 cms.; bearings true; date of original survey September-December 1907 and that of the subdivision survey February 10, 2006 and was approved on April 18, 2006.
Lot 12 Block 2
A parcel of land covered by TCT No. 2050 P (Lot 12 Block 2 of the cons. subd. plan Pcs-00-011796, being a portion of Blk. 6, Blk. 10 Lots 1-4, Blk. 11 Lots 1-7, Blk. 21, Blk. 29, Reserved Lots 3-9 and Road Lots 7, 10, 14, 17 & 18 all of pcs-00-007928; Blks. 2, 3, 8, 21 & 50, Reserved Access Lots 2, 3, 6, 9, 20, 21, 48 & 49 all of Psd-00-046745; Lots 1-7 of Psd-00-060299; Blks. 1 & 2 Road Lots 1-7 of Pcs-00-008760; Lots 1-3 of Psd-00-060334; Lots 1 & 2 of Pcs-00-008685; Reserved Access Lot 5 of Pcs-00-009913; and Reserved Access Lot 51-B of Psd-00-058169, LRC Rec. No. ), situated in the Bo. of Fort Bonifacio, Mun. of Taguig, Prov. of M.M., Island of Luzon.
Bounded on the NE., along line 1-2 by Lot 6 Blk. 2 (Reserved Access Lot) of the Plan; on the SE., along line 2-3 by Road Lot 3 of the Plan; on the SW., along line 3-4 by Road Lot 2 of the Plan; on the NW., along line 4-1 by Lot 11 Blk. 2 of the Plan. SDAaTC
Beginning at a point marked "1" on the plan, being N. 41 deg. on 01' W., 3,744.95 m. from BLLM 1, Mcadm-590-D:
thence S. 71 deg. 48' E., 41.50 m. to point 2;
thence S. 18 deg. 12' W., 35.00 m. to point 3;
thence N. 71 deg. 48' W., 41.50 m. to point 4;
thence N. 18 deg. 12' E., 35.00 m. to the point of
beginning; containing an area of One Thousand Four Hundred Fifty-Three square meters (1,453 m2), more or less. All points referred to are indicated on the plan and are marked on the ground by P.S. cyl. conc. mons. 15 x 40 cms.; bearings true; date of original survey September-December 1907 and that of the subdivision survey, February 10, 2006 and was approved on April 18, 2006.
IN WITNESS WHEREOF, I have hereunto set my hand and caused the seal of the Republic of the Philippines to be affixed hereto.
DONE in the City of Manila, this 23rd day of January, in the year of Our Lord, Two Thousand and Eighteen.
Published in the Official Gazette, Vol. 114, No. 6, p. 890 on February 5, 2018.
Cite This Law
Creating and Designating a Building at 9th Avenue Corner 31st Street, Bonifacio Global City, Fort Bonifacio, Taguig City, as a Special Economic Zone (IT Center), Proclamation No. 406, Jan 23, 2018 (Philippines)
Creating and Designating a Building at 9th Avenue Corner 31st Street, Bonifacio Global City, Fort Bonifacio, Taguig City, as a Special Economic Zone (IT Center), Proclamation No. 406 (Phil. 2018)
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