SIPP-Approved Investments to Generate 132,000 New Jobs

The Department of Trade and Industry (DTI) announced that more than PHP 3.38 trillion in approved investments under the Strategic Investment Priority Plan (SIPP) from June 2022 to December 2024 will create over 132,000 new jobs across various sectors.

These investments are expected to bolster the Philippines’ competitiveness and economic resilience, with a strong focus on inclusive and sustainable development.

A significant share of the projected employment will be generated in administrative and support services, the power sector, and manufacturing.

In terms of investment value, the power sector dominated with 76.33 percent of the total, followed by information and communication, transport and storage, and mining and quarrying.

“These investments mean thousands of livelihoods for Filipinos and stronger foundations for our economy,” said Trade Secretary and Board of Investments (BOI) Chairman Cristina A. Roque.

“As we work to attract strategic projects, our focus remains on translating these into real opportunities for our people,” she added.

Trade Undersecretary and BOI Managing Head Ceferino S. Rodolfo emphasized the strategic role of the SIPP in shaping the Philippines as a future hub for innovation, smart manufacturing, and green growth.

“Beyond the numbers, the SIPP is shaping the Philippines’ future as a hub for innovation and green growth. We are committed to ensuring that these investments drive not only economic gains but inclusive development,” Rodolfo said.

The SIPP is a three-year rolling blueprint that identifies investment activities qualified for fiscal and non-fiscal incentives under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, recently amended by Republic Act No. 12066.

The plan is spearheaded by the DTI and BOI in coordination with Investment Promotion Agencies, the Fiscal Incentives Review Board, other relevant government agencies, and private sector stakeholders.

As the 2025–2027 SIPP is being developed, the DTI emphasized it will reflect evolving national priorities and adapt to global economic shifts.