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Manila Bulletin devider Business devider Trade & Industry devider 2026 investment plan seen attracting AI, future-focused investments

2026 investment plan seen attracting AI, future-focused investments

Published Jun 3, 2026 02:46 pm
(Unsplash)
(Unsplash)

The country’s largest business group and investment promotion agencies (IPAs) expect the government’s new investment promotion framework to encourage the entry of capital aligned with global growth trends, such as artificial intelligence (AI).

Management Association of the Philippines (MAP) president Donald Lim said the issuance of the updated Strategic Investment Promotion Plan (SIPP) is a step in the right direction for the country’s investment efforts, as it now covers sectors that are major drivers of future economic growth.

These include AI, advanced technologies, and digital industries, which he described as sectors that are “more aligned with where global investments are moving.”

“The challenge now is execution. We need faster approvals, competitive incentives, and a strong talent pipeline. These will matter more than the priorities listed in the plan itself,” Lim said in a Viber message.

“The plan is only as good as how we really execute it,” he added.

President Ferdinand “Bongbong” Marcos Jr. earlier approved the 2026 SIPP, which lists economic activities that may qualify for incentives under the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act.

Under CREATE MORE, such activities may enjoy tax perks for a period of 14 to 27 years, depending on their location and industry priority tier.

Activities under Tier 1 of the SIPP are those in industries that address modern basic needs, as well as sustainability-driven industries.

Meanwhile, Tier 2 covers activities that produce supplies, parts, and components, and intermediate services that are not locally produced but are critical to industrial development and import substitution.

On the other hand, Tier 3 contains activities that involve science, technology, and innovation, including their support facilities.

Philippine Economic Zone Authority (PEZA) Director General Tereso Panga said the new activities listed in the SIPP are a significant upgrade from previous plans, as they encourage the entry of investments aligned with smart and sustainable technologies.

“The new SIPP signals to the world that the Philippines is ready to embrace the industries of the future, strengthen its role in global value chains, and provide investors with a dynamic, resilient, and sustainable environment for growth,” Panga said in a Viber message.

“This trend allows us to cope with global industry trends and recalibrate our approach from focusing on the volume of investments to prioritizing the quality, resilience, and long-term value of investments entering the country,” he added.

Aurora Pacific Economic Zone and Freeport Authority (APECO) President and Chief Executive Officer (CEO) Gil Taway IV said the new investment framework further reinforces the priority projects and investment efforts of the Casiguran-based ecozone.

“The newly approved priorities reinforce our vision of transforming APECO into the country’s national defense hub, fishing capital of the Pacific, and clean energy hub,” he said in a statement.

Taway said this also presents an opportunity to translate national policy into tangible local benefits, ensuring that economic development is felt not only by the private sector but also by surrounding communities through the creation of new jobs and livelihood opportunities.

Related Tags

Strategic Investment Promotion Plan (SIPP) Management Association of the Philippines (MAP) Philippine Economic Zone Authority (PEZA) Aurora Pacific Economic Zone and Freeport Authority (APECO)
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