Creating and Designating a Building to be Known as Ortigas Technopoint Tower 1 & 2 in Pasig City, as a Special Economic Zone (Information Technology Center)
Proclamation No. 949, issued on May 26, 2020, designates a building and the land it occupies in Barangay Ugong, Pasig City, as a Special Economic Zone (Information Technology Center) under the Special Economic Zone Act of 1995. The designated area includes the Ortigas Technopoint Tower 1 & 2, with a total floor area of approximately 50,836.63 square meters and the land area measuring around 13,787 square meters. This designation aims to promote economic growth and development in the IT sector within the region. The proclamation is based on recommendations from the Philippine Economic Zone Authority (PEZA) and adheres to various amendments and regulations of the original act. The document has been officially published in the Official Gazette.
Quick Answers
- What is Creating and Designating a Building to be Known as Ortigas Technopoint Tower 1 & 2 in Pasig City, as a Special Economic Zone (Information Technology Center) about?
- Proclamation No. 949, issued on May 26, 2020, designates a building and the land it occupies in Barangay Ugong, Pasig City, as a Special Economic Zone (Information Technology Center) under the Special Economic Zone Act of 1995. The designated area includes the Ortigas Technopoint Tower 1 & 2, with a total floor area of approximately 50,836.63 square meters and the land area measuring around 13,787 square meters. This designation aims to promote economic growth and development in the IT sector within the region. The proclamation is based on recommendations from the Philippine Economic Zone Authority (PEZA) and adheres to various amendments and regulations of the original act. The document has been officially published in the Official Gazette.
- What type of law is Proclamation No. 949?
- Creating and Designating a Building to be Known as Ortigas Technopoint Tower 1 & 2 in Pasig City, as a Special Economic Zone (Information Technology Center) (Proclamation No. 949) is a Philippine Presidential Issuances enacted by the Congress of the Philippines.
- When was Creating and Designating a Building to be Known as Ortigas Technopoint Tower 1 & 2 in Pasig City, as a Special Economic Zone (Information Technology Center) enacted?
- Creating and Designating a Building to be Known as Ortigas Technopoint Tower 1 & 2 in Pasig City, as a Special Economic Zone (Information Technology Center) (Proclamation No. 949) was enacted on May 26, 2020.
- What is the citation for Creating and Designating a Building to be Known as Ortigas Technopoint Tower 1 & 2 in Pasig City, as a Special Economic Zone (Information Technology Center)?
- Creating and Designating a Building to be Known as Ortigas Technopoint Tower 1 & 2 in Pasig City, as a Special Economic Zone (Information Technology Center), Proclamation No. 949, May 26, 2020 (Philippines)
Law Information
- Reference Number
- Proclamation No. 949
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Presidential Proclamations
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
May 26, 2020
PROCLAMATION NO. 949
CREATING AND DESIGNATING A BUILDING AND THE PARCEL OF LAND UPON WHICH IT STANDS, LOCATED AT NO. 1 DOÑA JULIA VARGAS STREET CORNER MERALCO AVENUE, BARANGAY UGONG, PASIG 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 Philippines, do hereby create and designate a building to be known as Ortigas Technopoint Tower 1 & 2, with a gross floor area of Fifty Thousand Eight Hundred Thirty-Six and Sixty-Three Hundredths square meters (50,836.63 m2), more or less, and the parcel of land upon which the building stands, located at No. 1 Doña Julia Vargas Street corner Meralco Avenue, Barangay Ugong, Pasig City, with an area of Thirteen Thousand Seven Hundred Eighty-Seven square meters (13,787 m2), more or less, subject to the provisions of RA No. 7916, as amended, its Implementing Rules and Regulations, PEZA Board of Directors 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. 14-726 (s. 2014), as amended by Resolution Nos. 18-276 (s. 2018) and 18-421 (s. 2018), as a Special Economic Zone (Information Technology Center), as defined by the following technical description: CAIHTE
Portion of Lot 4-B, (LRC) Psd-196208
A parcel of land (being a portion of Lot 4-B, (LRC) Psd-196208 and Lot 5, (LRC) Pcs-7728), situated in Barangay Ugong, City of Pasig.
Bounded on the NE., and SE., along lines 1-3 by Lot 5, (LRC) Psd-7728; on the SE., and SW., along lines 3-10 by Lot 4-B (LRC) Psd-196208; and on the NW., along line 10-1 by Lot 5, (LRC) Psd-7728.
Beginning at a point marked "1" on the Plan, being S. 84 deg. 15' E., 1508.91 m from BLLM no. 1, Wack-Wack;
thence S. 89 deg. 20' E., 83.21 m. to point 2;
beginning, containing an area of Thirteen Thousand Seven Hundred Eighty-Seven square meters (13,787 m2), more or less; bearings: true; date of survey, 07-09 September 2017.
The sketch plan and technical description with an area of 13,787 m2 (being a portion of Lot 4-B, (LRC) Psd-196208 covered by TCT No. 469702 and Lot 5, (LRC) Pcs-7728 covered by TCT No. 337158), prepared by private Geodetic Engineer Eduardo B. Sarmiento, was verified by Engr. Patrick A. Macazo, Engineer II, DENR-NCR, on 18 September 2017; checked by Rogelio M. Lapus, Chief, Aggregate Survey and Correction Section, DENR-NCR, and Ignacio R. Almira Jr., Chief, Surveys and Mapping Division, DENR-NCR, on 18 September 2017; and noted by Sofio B. Quintana, Assistant Regional Director for Technical Services, DENR-NCR, on 18 September 2017.
IN WITNESS THEREOF, I have hereunto set my hand and caused the seal of the Republic of the Philippines to be affixed hereto. aScITE
DONE in the City of Manila, this 26th day of May, in the year of Our Lord, Two Thousand and Twenty.
Published in the Official Gazette, Vol. 116, No. 23, p. 4131 on June 8, 2020.
Cite This Law
Creating and Designating a Building to be Known as Ortigas Technopoint Tower 1 & 2 in Pasig City, as a Special Economic Zone (Information Technology Center), Proclamation No. 949, May 26, 2020 (Philippines)
Creating and Designating a Building to be Known as Ortigas Technopoint Tower 1 & 2 in Pasig City, as a Special Economic Zone (Information Technology Center), Proclamation No. 949 (Phil. 2020)
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