The Board of Investments (BOI) has approved more than P4.8 trillion in investments and generated over 421,000 jobs during the first cycle of the Strategic Investment Priority Plan (SIPP), with renewable energy projects dominating the pipeline.
Data covering the third quarter of 2022 to the third quarter of 2025 show renewable energy accounting for the lion’s share at over P3 trillion, BOI Managing Head Ceferino Rodolfo said on Thursday. Manufacturing followed with P480 billion, trailed by real estate (P414 billion), information and communication technology (P370 billion), and transportation (P271 billion).
Speaking at a public consultation in Makati City on Wednesday,
March 19, Rodolfo said the figures underscore the impact of aligning government priorities with private sector investment.
“These accomplishments show what is possible when government and stakeholders work together,” he said.
Rodolfo stressed that the SIPP goes beyond a list of preferred sectors, framing it instead as a strategic roadmap directing investments into areas critical to the Philippines’ medium-term growth.
He explained that the plan’s general policies set the overall direction by outlining national priorities, guiding principles, and key sectors used to evaluate investment proposals. These are anchored on priority activities designed to align projects with long-term development goals.
Complementing this, the SIPP’s specific guidelines lay down detailed rules and criteria, giving investors clarity on eligibility, conditions, and sector-specific requirements.
Together, these measures aim to create a more predictable, transparent, and investor-friendly environment as the government prepares for the second SIPP cycle, set to run through 2028.
