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Manila Bulletin devider Business devider Trade & Industry devider 2025-2028 investment plan approval eyed in Q4

2025-2028 investment plan approval eyed in Q4

Published Sep 26, 2025 04:14 pm
The government’s new Strategic Investment Promotion Plan (SIPP), which will identify economic activities eligible for tax and other fiscal incentives until 2028, is expected to be approved within the fourth quarter of 2025, according to the Board of Investments (BOI).
BOI Executive Director Eries Cagatan said the incentives-giving and investment promotion agency (IPA) is currently fine-tuning the details of the 2025-2028 SIPP, pending approval from the BOI board headed by its chair, Trade Secretary Cristina Roque.
Following approval from the BOI board, Cagatan said it will then be submitted to the Office of the President (OP), which is expected to approve the SIPP before the end of the year.
The SIPP is a three-year framework that lists industries and economic activities that can qualify for fiscal and tax perks aligned with the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act.
The new SIPP looks to update and further strengthen the priority investments and incentives embodied under the current SIPP, which covers 2022 to 2025.
Data from the Department of Trade and Industry (DTI) showed that ₱3.38-trillion worth of investments were approved under the 2022-2025 SIPP, generating more than 132,000 jobs.
Priorities under the SIPP cover specific sector activities, particularly whether they are export- or domestic-oriented, as well as their location, with higher incentives granted to those outside Metro Manila.
Cagatan said the updated SIPP would align investments in tune with global economic developments, further positioning the country as an attractive investment hub.
The SIPP classifies economic activities and sectors across three tiers, which will have a varying set of incentives.
Tier 1 of the SIPP will cover industries that address modern basic needs.
Based on Cagatan’s presentation, this covers agriculture, fishery, and forestry; manufacturing; halal, osher and organic-related activities; services; healthcare and disaster risk reduction; management services; infrastructure and logistics; and energy.
It also covers sustainability-driven industries, including Industrial and/or hazardous waste treatment, bulk water treatment and supply; wastewater treatment; and environment or climate change-related projects.
Also in Tier 1 are export activities and those covered by special laws.
Meanwhile, Tier 2 includes defense-related activities, industrial value chain gaps, and food security-related activities.
Lastly, Tier 3 covers science, technology, and innovation-related activities, as well as science, technology, and innovation support facilities.
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