Creating and Designating the BGC Corporate Center 2 in Bonifacio Global City, Taguig City as a Special Economic Zone (IT Center)
Proclamation No. 759, issued on June 26, 2019, designates a building and land at Bonifacio Global City, Taguig, as a Special Economic Zone (Information Technology Center) under Republic Act No. 7916, as amended. The designated building, known as BGC Corporate Center 2, has a gross floor area of 35,439.29 square meters and the land area is approximately 2,149 square meters. This proclamation follows recommendations from the Philippine Economic Zone Authority (PEZA) and complies with relevant resolutions and regulations. The action aims to facilitate economic activities and investment in the specified area.
Quick Answers
- What is Creating and Designating the BGC Corporate Center 2 in Bonifacio Global City, Taguig City as a Special Economic Zone (IT Center) about?
- Proclamation No. 759, issued on June 26, 2019, designates a building and land at Bonifacio Global City, Taguig, as a Special Economic Zone (Information Technology Center) under Republic Act No. 7916, as amended. The designated building, known as BGC Corporate Center 2, has a gross floor area of 35,439.29 square meters and the land area is approximately 2,149 square meters. This proclamation follows recommendations from the Philippine Economic Zone Authority (PEZA) and complies with relevant resolutions and regulations. The action aims to facilitate economic activities and investment in the specified area.
- What type of law is Proclamation No. 759?
- Creating and Designating the BGC Corporate Center 2 in Bonifacio Global City, Taguig City as a Special Economic Zone (IT Center) (Proclamation No. 759) is a Philippine Presidential Issuances enacted by the Congress of the Philippines.
- When was Creating and Designating the BGC Corporate Center 2 in Bonifacio Global City, Taguig City as a Special Economic Zone (IT Center) enacted?
- Creating and Designating the BGC Corporate Center 2 in Bonifacio Global City, Taguig City as a Special Economic Zone (IT Center) (Proclamation No. 759) was enacted on Jun 26, 2019.
- What is the citation for Creating and Designating the BGC Corporate Center 2 in Bonifacio Global City, Taguig City as a Special Economic Zone (IT Center)?
- Creating and Designating the BGC Corporate Center 2 in Bonifacio Global City, Taguig City as a Special Economic Zone (IT Center), Proclamation No. 759, Jun 26, 2019 (Philippines)
Law Information
- Reference Number
- Proclamation No. 759
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Presidential Proclamations
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 26, 2019
PROCLAMATION NO. 759
CREATING AND DESIGNATING A BUILDING AND THE PARCEL OF LAND UPON WHICH IT STANDS, LOCATED AT BLOCK 1, 30TH STREET CORNER 5TH AVENUE, BONIFACIO GLOBAL CITY, 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 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 BGC Corporate Center 2, with a gross floor area of Thirty-Five Thousand Four Hundred Thirty-Nine and Twenty-Nine Hundredths square meters (35,439.29 m2), and the parcel of land upon which the building stands, located at Block 1, 30th Street corner 5th Avenue, Bonifacio Global City, Taguig City, with an area of Two Thousand One Hundred Forty-Nine square meters (2,149 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. 17-303 (s. 2017), as a Special Economic Zone (Information Technology Center), as defined by the following technical description:
Lot 8, Block 1
A parcel of land covered by TCT No. 1236-P (Lot 8, Block 1 of the consolidation-subdivision plan Pcs-00-011796, being a portion of Block 6; Block 10; Lots 1-4, Block 11; Lots 1-7, Block 21; Block 29; Reserved Lot 3-9; and Road Lots 7, 10, 14, 17 & 18, all of Pcs-00-007928; Blocks 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; Blocks 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 Access Lot 51-B of Psd-00-058169, LRC Rec. No.), situated in the Barrio of Fort Bonifacio, Municipality of Taguig, Province of Metro Manila, Island of Luzon.
Bounded on the SE., along line 1-2 by Lot 4, Block 1 (Reserved Access Lot) of the plan; on the SW., along lines 2-3-4-5-6-7 by Road Lot 6 of the plan; on the NW., along line 7-8 by Road Lot 29 of the plan; on the NE., along line 8-1 by Lot 7, Block 1 of the plan.
Beginning at a point marked "1" on plan, being N. 44 deg. 05' W., 3,950.91 m. from BLLM #1, Mcadm-590-D;
thence S. 18 deg. 12' W., 41.77 m. to point 2;
thence N. 80 deg. 07' W., 3.14 m. to point 3;
thence N. 77 deg. 56' W., 3.14 m. to point 4;
thence N. 75 deg. 45' W., 3.14 m. to point 5;
thence N. 73 deg. 34' W., 3.14 m. to point 6;
thence N. 71 deg. 48' W., 37.73 m. to point 7;
thence N. 18 deg. 12' E., 42.88 m. to point 8;
thence S. 71 deg. 48' E., 50.24 m. to the point of
beginning, containing an area of Two Thousand One Hundred Forty-Nine Square Meters (2,149 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 15x40 cms; bearings, true; date of original survey, Sept.-Dec. 1907; and that of the consolidation-subdivision survey on Feb. 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 26th day of June, in the year of our Lord, Two Thousand and Nineteen.
Published in the Official Gazette, Vol. 115, No. 27, p. 6586 on July 8, 2019.
Cite This Law
Creating and Designating the BGC Corporate Center 2 in Bonifacio Global City, Taguig City as a Special Economic Zone (IT Center), Proclamation No. 759, Jun 26, 2019 (Philippines)
Creating and Designating the BGC Corporate Center 2 in Bonifacio Global City, Taguig City as a Special Economic Zone (IT Center), Proclamation No. 759 (Phil. 2019)
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