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Manila Bulletin devider Business devider Trade & Industry devider Gov't targets ₱4.5-trillion investments under new incentives blueprint

Gov't targets ₱4.5-trillion investments under new incentives blueprint

Published Jul 13, 2026 12:30 pm  |  Updated Jul 13, 2026 02:48 pm

The country’s investment promotion agencies (IPAs) are aiming to approve at least ₱4.5-trillion worth of investments under the government’s new investment promotion framework, which seeks to incentivize innovation-driven projects.

Department of Trade and Industry (DTI) Undersecretary and Board of Investments (BOI) Managing Head Ceferino S. Rodolfo told reporters that the government is hoping to bring in at least ₱1.5 trillion in investments annually under the 2026-2028 Strategic Investment Priority Plan (SIPP).

Rodolfo said the goal is to attract investments that would help position the country for the industries of the future, especially given the SIPP’s focus on future-oriented sectors.

“This new SIPP really incentivizes or puts a focus on sectors that are innovation-driven,” he said.

The SIPP lists economic activities that may qualify for fiscal and non-fiscal incentives under the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act.

Under CREATE MORE, projects may enjoy these incentives for 14 to 27 years, depending on their location and industry priority tier.

Innovation-driven projects such as artificial intelligence (AI), digital infrastructure, and research and development (R&D) fall under Tier 3, the highest tier in the SIPP.

Tier 1 covers activities in industries that address modern basic needs, as well as sustainability-driven projects. Meanwhile, Tier 2 includes defense-related activities, food security-related activities, and activities that address industrial value chain gaps.

“The SIPP enables industrial development by attracting investments in key sectors. And it need not be in BOI, it’s really for all the [IPAs],” Rodolfo said.

For instance, Rodolfo said investments in Tier 3 would likely be registered with IPAs that operate export-oriented economic zones, including those along the proposed Luzon Economic Corridor (LEC).

Bases Conversion and Development Authority (BCDA) Vice President Erwin Kenneth Peralta said encouraging the entry of these projects will be critical in addressing the energy and connectivity gaps in New Clark City, a key component of the LEC.

Including the BOI and BCDA, approved investments by IPAs reached ₱1.92 trillion in 2025, according to the Philippine Statistics Authority (PSA). This was a 1.7-percent decline from the ₱1.96 trillion in 2024.

To begin promoting the investment blueprint, the BOI launched the SIPP Roadshow last week, starting with its Luzon leg. The nationwide roadshow will continue in Visayas and Mindanao in the coming weeks.

Rodolfo said the BOI is now in the final stages of drafting the SIPP’s general policies (GP) and specific guidelines (SG), which serve as the plan’s implementing framework, and is on track to publish them within the third quarter of the year.

At present, the 2022-2025 SIPP GP and SG remain in effect for the implementation of the 2026-2028 SIPP.

Related Tags

Board of Investments (BOI) Strategic Investment Promotion Plan (SIPP)
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