President Ferdinand R. Marcos Jr. has approved the 2026 Strategic Investment Priority Plan (SIPP), a revamped roadmap that expands tax incentives for high-value industries ranging from artificial intelligence and cybersecurity to electric vehicle infrastructure and critical minerals processing.
Issued through Memorandum Order No. 47, the SIPP serves as the government’s guide in determining which industries and projects may qualify for fiscal incentives under the CREATE Act.
The plan, formulated by the Board of Investments in consultation with the Fiscal Incentives Review Board and other stakeholders, aligns with the country’s long-term development agenda and investment strategy.
Trade Secretary and BOI Chairman Cristina Roque said the updated SIPP is designed not only to attract investments but also to drive economic transformation through job creation, workforce upskilling, and higher-value economic activity.
The new framework introduces a three-tier system of priority investments.
Tier I covers modern agriculture, advanced construction, mobile healthcare, circular economy projects, carbon capture, and forest management initiatives.
Tier II targets strategic industries such as defense services, desalination, sustainable aviation fuel, electric vehicle infrastructure, and critical minerals processing.
Tier III focuses on frontier technologies, including artificial intelligence, cybersecurity, quantum computing, hydrogen and nuclear energy, advanced research and development, and data center facilities—sectors seen as crucial to the country’s long-term competitiveness.
The SIPP also includes export-support activities and projects covered by special laws such as the PPP Code, Expanded Producer Responsibility Act, and Salt Industry Development Act.
Government agencies and local government units have been directed to support implementation and expedite approvals for qualified projects. The BOI said it aims to finalize detailed guidelines by the third quarter, paving the way for the rollout of the new incentives regime.
