The Marcos administration has approved the 2026 Strategic Investment Priority Plan (SIPP), a move that economic managers say will sharpen the country’s investment strategy by channeling incentives toward industries expected to drive future growth, job creation, and economic transformation.
The Fiscal Incentives Review Board (FIRB) welcomed the approval, describing the updated framework as a key component of the government’s efforts to attract higher-quality investments while positioning the Philippines as a more competitive destination for emerging industries.
“The approval of the 2026 SIPP marks a decisive step in the government’s strategy to make our country attractive for investments. We focus on ensuring ease of doing business, reducing costs, and creating predictability,” said FIRB Chairman and Special Assistant to the President for Investment and Economic Affairs Secretary Frederick D. Go.
Formalized through Memorandum Order No. 47, the 2026 SIPP serves as the government’s investment roadmap, identifying economic activities eligible for fiscal incentives under the CREATE and CREATE MORE laws.
Unlike earlier investment frameworks that focused heavily on labor-intensive industries, the updated SIPP places greater emphasis on high-value, technology-driven sectors viewed as critical to the country’s long-term competitiveness.
Among the priority areas are renewable energy, digital infrastructure, advanced manufacturing, agribusiness, logistics, artificial intelligence, cybersecurity, data centers, research and development, and innovation-led industries.
“Well-designed incentives move capital, build industries, and expand opportunities for Filipinos,” Go said.
The shift reflects a broader government strategy to move the Philippines higher up global value chains by attracting investments that generate not only jobs but also technology transfer, productivity gains, and stronger domestic capabilities.
The plan was developed through consultations involving the FIRB, Board of Investments, investment promotion agencies, and private-sector stakeholders to ensure incentives remain aligned with evolving economic opportunities and investor requirements.
Economic officials said the updated framework also supports sustainability objectives, supply chain development, and digital transformation, all of which have become increasingly important in investment decisions globally.
With the SIPP now approved, government agencies are expected to issue implementing guidelines to ensure coordinated execution and provide investors with greater clarity on available incentives and priority sectors.
The FIRB said the initiative reinforces the government’s commitment to maintaining a transparent, predictable, and performance-based incentives regime that can sustain investor confidence and support long-term economic growth.
