Palace approves 2026 SIPP for high-impact investments

The Department of Trade and Industry, through the Board of Investments, has formally launched the 2026 Strategic Investment Priority Plan after President Ferdinand R. Marcos Jr. approved the new investment blueprint under Memorandum Order No. 47.

The memorandum order was published in the Official Gazette on June 2, 2026, and takes effect 15 days after publication.

The updated SIPP introduces structural changes in investment prioritization, expands coverage of emerging and frontier industries, and provides a more targeted deployment of fiscal incentives for high-impact and future-oriented economic activities.

The plan was developed and led by the BOI in close coordination with the Fiscal Incentives Review Board, investment promotion agencies, national government agencies and the private sector.

The 2026 SIPP sets the government’s strategic direction in attracting investments aligned with the country’s long-term development agenda.

Trade Secretary and BOI Chair Cristina A. Roque said the plan will help steer capital toward activities that generate jobs and develop industries.

“The new SIPP is not just a tool for attracting investments, but more importantly, it is a means towards pursuing economic transformation. By listing activities eligible for incentives, the government is signaling where we want to attract high-value capital and translate these into new jobs, upskilling of the workforce, and improved lives for Filipinos,” she said.

“We would like to thank President Ferdinand Marcos Jr., Executive Secretary Ralph Recto, and Finance Secretary and FIRB Chair Frederick Go, and all the other government officials and private stakeholders who have contributed to the crafting of this SIPP, and we look forward to working closely with everyone to fully maximize its value in attracting investments and developing industries,” she added.

The Presidential Communications Office said Marcos approved the 2026 SIPP upon the recommendation of the BOI, with the plan aimed at promoting investments, generating jobs and providing tax incentives in the country.

Memorandum Order No. 47 states that, upon the effectivity of the 2026 SIPP and subject to relevant laws, rules and regulations, all concerned government agencies must issue the necessary regulations to ensure its synchronized and integrated implementation.

The order also provides that no government body shall adopt any policy or take any action that is contrary to, or inconsistent with, the 2026 SIPP and relevant laws.

The memorandum order was signed by Acting Executive Secretary Ralph Recto on May 21, 2026.

The 2026 SIPP is anchored on the country’s long-term and medium-term development frameworks, including AmBisyon Natin 2040, PAGTANAW 2050, the Trabaho Para sa Bayan Plan and the Philippine Development Plan 2023–2028.

The updated plan retains successful elements of its predecessor while presenting a strengthened and more future-oriented three-tier framework.

Tier I highlights modern agriculture, state-of-the-art construction, mobile health care, ecological zones and climate-related initiatives.

These climate-related initiatives include carbon capture, waste-to-value projects, circular economy projects and forest management for carbon credits.

Tier II advances strategic industries, including defense services, desalination, electric vehicle infrastructure, sustainable aviation fuel and processing of critical minerals.

Tier III focuses on frontier technologies, including artificial intelligence, quantum computing, cybersecurity, hydrogen and nuclear energy, and advanced research and development.

The BOI said the Tier III priorities mark the country’s entry into industries of the future.

The 2026 SIPP also covers export-support activities and projects mandated by special laws, including the Public-Private Partnership Code of the Philippines, the Expanded Producer Responsibility Act and the Salt Industry Development Act.

The plan supports export-oriented activities and region-specific priorities, including those in the Bangsamoro Autonomous Region in Muslim Mindanao, to expand economic opportunities across the country.

BOI Investment Policy and Planning Service Director Sandra Marie Recolizado said the agency is working to complete the rules that will guide the plan’s implementation.

“Since December 2025, the BOI has been undertaking intensive public consultations on the General Policies (GP) and Specific Guidelines (SG). With the official issuance of the 2026 SIPP, we are fast-tracking the finalization of the GP and SG and will publish within the 3rd quarter. In the meantime, applicable 2022 SIPP GP and SG remain in effect,” Recolizado said.

With the approval of the 2026 SIPP, all concerned government agencies are directed to implement the plan in a synchronized and integrated manner.

Investment promotion agencies are tasked to facilitate and expedite the establishment of registered investments, including coordination with local government units and other regulatory bodies.

The PCO said investment promotion agencies must coordinate with local governments and concerned agencies through the one-stop action center under the National Internal Revenue Code, as amended.

Local government units and other government agencies are also directed to coordinate with IPAs and comply with the Ease of Doing Business and Efficient Government Service Delivery Act of 2018 in processing permits, licenses and other requirements.

The SIPP is required under the National Internal Revenue Code, as amended by the Corporate Recovery and Tax Incentives for Enterprises Act, or CREATE Act.

Under the law, the BOI formulates the SIPP in consultation with the FIRB, IPAs, agencies that administer tax incentives and the private sector before submitting the plan to the president for approval.

The DTI-BOI said the approval of the 2026 SIPP paves the way for the accelerated implementation of strategic investments that contribute to a more innovative, inclusive and investment-ready Philippines.