Creating and Designating a Building to be Known as Ayala Bacolod Capitol Corporate Center in Bacolod City, as a Special Economic Zone (Information Technology Center)
Proclamation No. 896, issued on January 28, 2020, designates the Ayala Bacolod Capitol Corporate Center in Bacolod City as a Special Economic Zone (Information Technology Center) under the Special Economic Zone Act (RA No. 7916), as amended by RA No. 8748. The designated area includes a building with a gross floor area of 17,877 square meters and a land parcel of approximately 2,921 square meters. This designation is based on recommendations from the Philippine Economic Zone Authority (PEZA) and adheres to the relevant laws and regulations governing economic zones. The proclamation aims to promote economic development and attract investment in the area.
Quick Answers
- What is Creating and Designating a Building to be Known as Ayala Bacolod Capitol Corporate Center in Bacolod City, as a Special Economic Zone (Information Technology Center) about?
- Proclamation No. 896, issued on January 28, 2020, designates the Ayala Bacolod Capitol Corporate Center in Bacolod City as a Special Economic Zone (Information Technology Center) under the Special Economic Zone Act (RA No. 7916), as amended by RA No. 8748. The designated area includes a building with a gross floor area of 17,877 square meters and a land parcel of approximately 2,921 square meters. This designation is based on recommendations from the Philippine Economic Zone Authority (PEZA) and adheres to the relevant laws and regulations governing economic zones. The proclamation aims to promote economic development and attract investment in the area.
- What type of law is Proclamation No. 896?
- Creating and Designating a Building to be Known as Ayala Bacolod Capitol Corporate Center in Bacolod City, as a Special Economic Zone (Information Technology Center) (Proclamation No. 896) is a Philippine Presidential Issuances enacted by the Congress of the Philippines.
- When was Creating and Designating a Building to be Known as Ayala Bacolod Capitol Corporate Center in Bacolod City, as a Special Economic Zone (Information Technology Center) enacted?
- Creating and Designating a Building to be Known as Ayala Bacolod Capitol Corporate Center in Bacolod City, as a Special Economic Zone (Information Technology Center) (Proclamation No. 896) was enacted on Jan 28, 2020.
- What is the citation for Creating and Designating a Building to be Known as Ayala Bacolod Capitol Corporate Center in Bacolod City, as a Special Economic Zone (Information Technology Center)?
- Creating and Designating a Building to be Known as Ayala Bacolod Capitol Corporate Center in Bacolod City, as a Special Economic Zone (Information Technology Center), Proclamation No. 896, Jan 28, 2020 (Philippines)
Law Information
- Reference Number
- Proclamation No. 896
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Presidential Proclamations
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
January 28, 2020
PROCLAMATION NO. 896
CREATING AND DESIGNATING A BUILDING AND THE PARCEL OF LAND ON WHICH IT STANDS, LOCATED AT NORTH CAPITOL ROAD CORNER AGUINALDO STREET, BACOLOD 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 or 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 Ayala Bacolod Capitol Corporate Center, with a gross floor area of Seventeen Thousand Eight Hundred Seventy-Seven square meters (17,877 m2), and the parcel of land on which the building stands, located at North Capitol Road corner Aguinaldo Street, Bacolod City, with an area of Two Thousand Nine Hundred Twenty-One square meters (2,921 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. 17-040 (s. 2017), as amended by Resolution No. 19-015 (s. 2019) of the PEZA Board of Directors, as a Special Economic Zone (Information Technology Center), as defined by the following technical description:
Portion of Lot 3-A Psd-06-070856 and
A parcel of land (being a portion of the consolidation-subdivision of Lot 3-A, Psd-06-070856 & Lot 1, Pcs-06-004901) situated in Brgy. Poblacion, City of Bacolod, Province of Negros Occidental, Island of Negros.
Bounded on the SE., along line 1-2 by portion of Lot 1, Pcs-06-004901; on the SE., SW., & NW., along lines 2-6 by Road Lot 7, Pcs-06-003612 (North Capitol Road); on the NW. & NE., along line 6-7 by Lot 5, Pcs-06-004901 (Aguinaldo St.); on the NE. & SE., along line 7-8 by Lot 3-B, Psd-06-070856; & on the SE., along line 8-1 by Lot 2, Pcs-06-004901.
Beginning at a point marked "1" on the plan, being N. 13 deg. 45' E., 616.34 m. from BBM No. 40, Cad. 39, Bacolod Cad.
thence S. 21 deg. 25' W., 45.10 m. to point 2;
thence N. 68 deg. 26' W., 5.72 m. to point 3;
thence N. 68 deg. 26' W., 34.21 m. to point 4;
thence S. 29 deg. 29' W., 0.19 m. to point 5;
thence N. 68 deg. 08' W., 25.32 m. to point 6;
thence N. 22 deg. 45' E., 45.09 m. to point 7;
thence S. 68 deg. 31' E., 57.49 m. to point 8;
thence S. 68 deg. 31' E., 6.74 m. to the point of
beginning, containing an area of Two Thousand Nine Hundred Twenty-One square meters (2,921 m2), more or less.
The sketch plan and technical description of an area of 2,921 m2 (being a portion of Lot 3-A, Psd-06-070856 & Lot 1, Pcs-06-004901) was prepared by Private Geodetic Engineer Jayson M. Lontok as checked against TCT Nos. T-325680 and T-316055; was further checked and verified against the CM records of Lot 3-A, Psd-06-070856 and Lot 1, Pcs-06-004901 all situated in Barangay Poblacion, Bacolod City; was verified by Engr. Meliton B. Solas, Chief, Surveys & Mapping Division, DENR-Negros Occidental, Region VI, Bacolod City on 15 February 2018.
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 28th day of January, in the year of Our Lord, Two Thousand and Twenty.
Cite This Law
Creating and Designating a Building to be Known as Ayala Bacolod Capitol Corporate Center in Bacolod City, as a Special Economic Zone (Information Technology Center), Proclamation No. 896, Jan 28, 2020 (Philippines)
Creating and Designating a Building to be Known as Ayala Bacolod Capitol Corporate Center in Bacolod City, as a Special Economic Zone (Information Technology Center), Proclamation No. 896 (Phil. 2020)
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