Inquirer
Philippine investment priority plan seen ready in Q4
The Board of Investments (BOI) plans to release a new Strategic Investment Priority Plan (SIPP) in the fourth quarter of this year, identifying activities eligible for government incentives under the CREATE MORE Act.
The SIPP for 2025 to 2028 is expected to be finalized and submitted to President Marcos for approval by the end of the year.
Projects approved under the new SIPP may receive incentives for durations ranging from 14 to 27 years, contingent on their location and priority tier.
The proposed activities within the SIPP are categorized into three tiers.
Tier 1 encompasses industries that meet modern basic needs, sustainability-driven sectors, export activities, and those covered by special laws.
Tier 2 includes activities related to defense and food security and industrial value chain gaps.
Tier 3 covers science, technology and innovation-related activities as well as science, technology and innovation support facilities.
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