Gov’t investment promotion plan seen ready in Q4
The Philippine government’s updated investment priority plan is targeted to be released within the fourth quarter of this year. The plan seeks to rationalize the system for granting incentives to registered businesses.
Eries Cagatan, executive director of the Board of Investments (BOI), said on Friday that they are “fine-tuning” the revised version of the Strategic Investment Promotion Plan (SIPP) for 2025 to 2028. This will be submitted to President Marcos for approval.
During her presentation at the Arangkada Philippines Investment Forum 2025, Cagatan laid out the proposed priority activities under the enhanced investment plan.
The first tier of the fiscal incentive plan is modern basic needs, sustainability-driven industries, export activities and special laws.
The second tier includes activities related to defense and food security and industrial value chain gaps.
Meanwhile, the third tier covers science, technology and innovation-related activities as well as science, technology and innovation support facilities.
In January this year, BOI managing head Ceferino Rodolfo said they were revising the SIPP. The intention was to rationalize the sectors included in the plan and the tiering system for providing incentives.
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