Manila, March 11 -- President Ferdinand R. Marcos Jr. has issued Proclamation 821, creating a new special economic zone in Tagbilaran City, Bohol.

Under Proclamation 821 inked by Marcos on March 6, he designated three parcels of land with an aggregate area of 11,237 square meters in Dampas, Tagbilaran City as an information technology (IT) park.

The IT park, located at Corner H. Zamora Street and Satellite Road in Dampas village, will be known as Tagbilaran Uptown IT Hub 2, according to the proclamation.

Proclamation 821 was issued upon the recommendation of the Philippine Economic Zone Authority's Board of Directors and by virtue of Republic Act (RA) 7916 or the Special Economic Zone Act of 1995, as amended by RA 8748.

In 2021, Procl...