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Manila Bulletin devider Business devider Trade & Industry devider New gov't list for business incentives delayed until 2026

New gov't list for business incentives delayed until 2026

Published Dec 19, 2025 11:58 am  |  Updated Dec 19, 2025 01:16 pm
The government’s new list of economic activities eligible for incentives is likely to be released next year, as the Board of Investments (BOI) continues to finalize the policy based on insights from key sectors.
The BOI, the government’s lead investment promotion agency, recently convened private-sector and government-agency members to gather feedback on the draft 2025-2028 Strategic Investment Priority Plan (SIPP).
The discussions covered the “partial” general policies and specific guidelines of the SIPP, which serves as the framework of the government’s investment strategy and the rules and criteria that investors may comply with.
Trade Undersecretary and BOI managing head Ceferino Rodolfo said that when these two components are well-crafted, the country can foster a more investment-friendly environment.
Rodolfo said ₱4.8 trillion worth of investments for new and expansion projects in the country were registered under the current SIPP, which covers 2022 to 2025.
To keep this momentum going, the BOI earlier said it plans to release the 2025-2028 SIPP in the first half, but later adjusted it to the fourth quarter.
Based on current progress, BOI chief investments specialist Mariane Genelou Reyes said the launch of the new SIPP is still unclear, mainly due to ongoing consultations.
“We're actually considering if it will be 2026 to 2029, or 2026 to 2028,” Reyes told Manila Bulletin.
Aside from the public’s feedback, the BOI is also looking to integrate other government policies in the SIPP, including the Tatak Pinoy (TP) Act.
BOI supervising investments specialist Dino John Recto said they are still coordinating with the TP Council to include the law’s activities and projects in the SIPP.
“But, [during the] initial discussion, we explained that some of the activities that they want are already included in the SIPP,” said Recto.
The SIPP identifies economic activities that may qualify for incentives under the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy Act or CREATE MORE.
Through CREATE MORE, projects may enjoy tax perks for 14 to 27 years, depending on the location and industry priority tier.
Projects in the highest tier and those located outside urban areas receive the longest incentive period.
Based on the draft SIPP, Tier 1 covers industries that address modern basic needs, as well as sustainability-driven industries.
Projects eligible under this tier include agriculture, fishery, and forestry; manufacturing; healthcare and disaster risk reduction; infrastructure and logistics; and energy, among others.
Export-oriented projects are generally categorized under Tier 1, unless they meet the qualifications under Tier 2 or Tier 3.
Tier 2 covers investments aligned with defense-related service activities and industrial value chain gaps.
On the other hand, Tier 3 is for science, technology, and innovation-related activities, and science, technology, and innovation support facilities.
Reyes said the main focus of the new SIPP is to encourage the development of innovation-driven industries in the country amid the emergence of new technologies.
“We're really heavy on AI (artificial intelligence), data science, emerging technologies, even quantum technology and hydrogen energy,” said Reyes.
“[This is] a positioning strategy for the Philippines [to be] a regional hub for smart, sustainable, and resilient industries. So, that’s why the focus is always on that,” she added.
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