MANILA: Philippine President Ferdinand R. Marcos Jr. has approved a new investment roadmap that expands the list of industries eligible for government tax incentives, a move aimed at attracting more investments, creating jobs and accelerating economic growth, the Philippine News Agency (PNA) reported.
Under Memorandum Order No. 47, Marcos approved the 2026 Strategic Investment Priority Plan (SIPP), which identifies economic activities that may qualify for fiscal incentives under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act.
A copy of the memorandum order was uploaded to the Official Gazette on June 2.
The plan serves as the government’s guide in determining which industries will receive tax perks and other incentives to encourage businesses to invest and expand operations in the country.
The Board of Investments (BOI) drafted the plan in consultation with government agencies and the private sector.
The SIPP categorises priority industries into three tiers.
Tier 1 covers sectors with strong potential for job creation and economic activity, including agriculture, food manufacturing, semiconductors, healthcare, housing, logistics, information technology-business process management (IT-BPM) and energy.
Tier 2 includes industries considered critical to industrial development and supply chain resilience, such as electric vehicles, renewable energy, crude oil refining and import-substituting manufacturing.
Tier 3 covers advanced and high-value sectors that can transform the economy, including artificial intelligence, cybersecurity, data centres, research and development, biotechnology and other highly technical industries.
Businesses registered under priority activities may qualify for incentives such as income tax holidays, enhanced deductions and other fiscal support under the CREATE Act.
The government regularly updates the SIPP every three years to align investment incentives with national priorities and emerging industries.
The 2026 SIPP is aligned with the Philippine Development Plan 2023-2028, the Trabaho Para sa Bayan Plan, PAGTANAW 2050 and AmBisyon Natin 2040, which seek to generate quality jobs, increase investments and sustain economic growth.
Memorandum Order No. 47 was signed by Acting Executive Secretary Ralph Recto on May 21, 2026, by the authority of the President. – BERNAMA-PNA
