Government targets P4.5 trillion investment approvals under new SIPP

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July 14, 2026 | 12:00am

MANILA, Philippines —The government aims to approve P4.5 trillion worth of investments under the new Strategic Investment Priority Plan (SIPP) for 2026 to 2028, according to the Board of Investments (BOI).

Trade Undersecretary and BOI managing head Ceferino Rodolfo told reporters that the P4.5-trillion target covers the combined investment pledges to be approved by all investment promotion agencies (IPAs) under the 2026 to 2028 SIPP.

Under the previous SIPP, the government approved around P3.38 trillion worth of investments from June 2022 to December 2024.

Last year, IPAs approved a total of P1.92 trillion worth of investments.

“This will be the first time that we have the new SIPP alongside the CREATE MORE Act. So we’re really hoping to bring in more investments,” Rodolfo said.

Approved by President Marcos last month, the new SIPP identifies the priority investment activities that may be granted incentives by the government.

Under the 2026 to 2028 SIPP, the priority investment activities include manufacturing, agriculture, services, infrastructure, logistics, health care and energy.

The new investment promotions roadmap also identifies strategic and future-oriented industries such as manufacturing, critical minerals and green metals, renewable and emerging energy technologies, sustainability-driven industries, artificial intelligence (AI) and data science, cybersecurity, quantum technologies and other innovation-focused sectors as priorities.

Meanwhile, the CREATE MORE Act introduced enhancements to the country’s incentives regime.

Rodolfo said that the new SIPP is expected to help the BOI, the country’s lead IPA, achieve its P1-trillion target for this year.

From January to June, total investments approved by the BOI rose by 21 percent to P461.84 billion from P382.24 billion in the same period last year.

For his part, Bases Conversion and Development Authority (BCDA) vice president Kenneth Peralta said that the SIPP is expected to make it easier for the government to attract investments in renewable energy, AI, data centers and semiconductor manufacturing in New Clark City in Tarlac.

“With this, we can go on roadshows, outbound missions with BCDA-led subsidiaries as well,” he said.

For the next SIPP, Rodolfo said that the government is considering a longer implementation period, following a suggestion from a member of the Fiscal Incentives Review Board to align it with the Philippine Development Plan, which covers six years.

“There is that realization that there can be benefits to having a six-year SIPP that is aligned with the implementation period of the PDP,” he said.