Creating and Designating a Building at Lots 1 and 2, Block 55, 26th St. Corner 9th Avenue, Bonifacio South District, Bonifacio Global City, Taguig City, as Special Economic Zone (IT Center)
Proclamation No. 349, issued on November 8, 2017, by President Rodrigo Roa Duterte, designates a building known as The Finance Centre, located at Bonifacio Global City, Taguig, as a Special Economic Zone (Information Technology Center) under Republic Act No. 7916, as amended. The designated area includes two parcels of land totaling approximately 5,123 square meters. This proclamation is made following recommendations from the Philippine Economic Zone Authority (PEZA) and adheres to existing laws and regulations governing special economic zones. The official document was published in the Official Gazette on November 20, 2017.
Quick Answers
- What is Creating and Designating a Building at Lots 1 and 2, Block 55, 26th St. Corner 9th Avenue, Bonifacio South District, Bonifacio Global City, Taguig City, as Special Economic Zone (IT Center) about?
- Proclamation No. 349, issued on November 8, 2017, by President Rodrigo Roa Duterte, designates a building known as The Finance Centre, located at Bonifacio Global City, Taguig, as a Special Economic Zone (Information Technology Center) under Republic Act No. 7916, as amended. The designated area includes two parcels of land totaling approximately 5,123 square meters. This proclamation is made following recommendations from the Philippine Economic Zone Authority (PEZA) and adheres to existing laws and regulations governing special economic zones. The official document was published in the Official Gazette on November 20, 2017.
- What type of law is Proclamation No. 349?
- Creating and Designating a Building at Lots 1 and 2, Block 55, 26th St. Corner 9th Avenue, Bonifacio South District, Bonifacio Global City, Taguig City, as Special Economic Zone (IT Center) (Proclamation No. 349) is a Philippine Presidential Issuances enacted by the Congress of the Philippines.
- When was Creating and Designating a Building at Lots 1 and 2, Block 55, 26th St. Corner 9th Avenue, Bonifacio South District, Bonifacio Global City, Taguig City, as Special Economic Zone (IT Center) enacted?
- Creating and Designating a Building at Lots 1 and 2, Block 55, 26th St. Corner 9th Avenue, Bonifacio South District, Bonifacio Global City, Taguig City, as Special Economic Zone (IT Center) (Proclamation No. 349) was enacted on Nov 8, 2017.
- What is the citation for Creating and Designating a Building at Lots 1 and 2, Block 55, 26th St. Corner 9th Avenue, Bonifacio South District, Bonifacio Global City, Taguig City, as Special Economic Zone (IT Center)?
- Creating and Designating a Building at Lots 1 and 2, Block 55, 26th St. Corner 9th Avenue, Bonifacio South District, Bonifacio Global City, Taguig City, as Special Economic Zone (IT Center), Proclamation No. 349, Nov 8, 2017 (Philippines)
Law Information
- Reference Number
- Proclamation No. 349
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Presidential Proclamations
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
November 8, 2017
PROCLAMATION NO. 349
CREATING AND DESIGNATING A BUILDING AND THE PARCELS OF LAND UPON WHICH IT STANDS, LOCATED AT LOTS 1 AND 2, BLOCK 55, 26TH ST. CORNER 9TH AVENUE, BONIFACIO SOUTH DISTRICT, BONIFACIO GLOBAL CITY, TAGUIG CITY, AS 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 The Finance Centre, with a gross floor area on One Hundred Twenty-Three Thousand Five Hundred Seventy-Seven and 33/100 square meters (123,577.33 m2), more or less, and the parcels of land upon which the building stands, located at lots 1 and 2, Block 55, 26th St., corner 9th Avenue, Bonifacio South District, Bonifacio Global City, Taguig City, with an aggregate area of Five Thousand One Hundred Twenty-Three (5,123 m2), more or less, subject to the provisions of R.A. 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. 16-188 (s. 2016) of the PEZA Board of Directors, as Special Economic Zone (Information Technology Center), as defined by the following technical descriptions:
Lot 1
A parcel of land covered by TCT No. 164-2013005505 (Lot 1 of the subdivision plan Psd-00-055082, being a portion of Pcn-00-000824, LRC Record No. ), situated in Barangay Fort Bonifacio, Taguig City, Metro Manila, Island of Luzon.
Bounded on the SW., along lines 1-2, by Reserved Access Lot 59; on the NW., along line 2-3 by Reserved Access lot 58, both of Psd-00-046745; along line 3-4 by Lot 2, Psd-00-0048094; on the NE., along lines 4-12 by Reserved Lot 5, Pcs-00-007928; and on the SE., along line 12-1 by lot 2 of the subdivision plan.
Beginning at a point marked "1" on plan, being N. 49 deg. 11' W., 3,361.61 m. from BLLM No. 1, MCadm-590-D, Taguig Cadastral Mapping;
thence N. 71 deg. 48' W., 50.21 m. to point 2;
thence N. 18 deg. 12' E., 32.78 m. to point 3;
thence N. 18 deg. 12' E., 3.95 m. to point 4;
thence S. 88 deg. 31' E., 0.23 m. to point 5;
thence S. 89 deg. 45' E., 8.00 m. to point 6;
thence N. 89 deg. 01' E., 8.00 m. to point 7;
thence N. 87 deg. 46' E., 8.00 m. to point 8;
thence N. 86 deg. 32' E., 8.00 m. to point 9;
thence N. 85 deg. 18' E., 8.00 m. to point 10;
thence N. 84 deg. 03' E., 8.00 m. to point 11;
thence N. 82 deg. 49' E., 5.78 m. to point 12;
thence S. 18 deg. 12' W., 56.50 m. to the point of
beginning, containing the area of Two Thousand Three Hundred Five square meters (2,305 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 60 cm.; except points 1 and 12 by PS cyl. conc. mons. 15 x 60 cm.; Bearings, True; date of original survey, September-December 1907 and that of the subdivision survey April 1-10, 2000 and was approved on July 3, 2000.
Lot 2
A parcel of land covered by TCT No. 164-2013005504 (Lot 2 of the subdivision plan Psd-00-055082, being a portion of Pcn-00-000824, LRC Record No. ), situated in Barangay Fort Bonifacio, Taguig City, Metro Manila, Island of Luzon.
Bounded on the NW., along line 1-2, by Lot 1 of the subdivision plan; along lines 2-7, by Reserved Lot 5, Pcs-00-007928; on the NE., along lines 7-8-9 by Reserved Lot 6, Pcs-00-008760; on the SE., along line 9-10, by Lot 3, of the subdivision plan and on the SW., along line 10-1, by Reserved Access Lot 59, Psd-00-046745.
Beginning at a point marked "1" on plan, being N. 49 deg. 11' W., 3,361.61 m. from BLLM No. 1, MCadm-590-D, Taguig Cadastral Mapping;
thence N. 18 deg. 12' E., 56.50 m. to point 2;
thence N. 82 deg. 49' E., 2.22 m. to point 3;
thence N. 81 deg. 35' E., 8.00 m. to point 4;
thence N. 80 deg. 20' E., 8.00 m. to point 5;
thence N. 79 deg. 06' E., 8.00 m. to point 6;
thence N. 77 deg. 31' E., 12.41 m. to point 7;
thence S. 71 deg. 48' E., 5.57 m. to point 8;
thence S. 71 deg. 48' E., 2.46 m. to point 9;
thence S. 18 deg. 12' W., 75.00 m. to point 10;
thence N. 71 deg. 48' W, 41.92 m. to the point of;
beginning, containing the area of Two Thousand Eight Hundred Eighteen square meters (2,818 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 60 cm; except points 1, 2, 9 and 10, by PS cyl. cons. Mons. 15 x 40 cm.; Bearings, True; date of original survey, September-December 1907 and that of the subdivision survey April 1-10, 2000 and was approved on July 3, 2000.
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 8th day of November, in the year of Our Lord, Two Thousand and Seventeen. ETHIDa
Published in the Official Gazette, Vol. 113, No. 47, Page 8361 on November 20, 2017.
Cite This Law
Creating and Designating a Building at Lots 1 and 2, Block 55, 26th St. Corner 9th Avenue, Bonifacio South District, Bonifacio Global City, Taguig City, as Special Economic Zone (IT Center), Proclamation No. 349, Nov 8, 2017 (Philippines)
Creating and Designating a Building at Lots 1 and 2, Block 55, 26th St. Corner 9th Avenue, Bonifacio South District, Bonifacio Global City, Taguig City, as Special Economic Zone (IT Center), Proclamation No. 349 (Phil. 2017)
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