President Ferdinand Marcos Jr. has approved a new investment roadmap that broadens the range of industries eligible for government incentives, as part of efforts to attract more investors, generate employment opportunities, and strengthen the country’s economic expansion.
Under Memorandum Order No. 47, the President approved the 2026 Strategic Investment Priority Plan (SIPP), which outlines the economic sectors that may qualify for fiscal incentives under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act.
The memorandum was published on the Official Gazette website on June 2.
Serving as the government’s investment blueprint, the SIPP identifies priority industries that may receive tax benefits and other forms of support to encourage business growth and new investments in the Philippines.
The plan was prepared by the Board of Investments (BOI) in coordination with various government agencies and private sector stakeholders.
The 2026 SIPP classifies priority sectors into three categories.
Tier 1 consists of industries with significant potential to generate jobs and stimulate economic activity. These include agriculture, food processing, semiconductors, healthcare, housing, logistics, information technology-business process management (IT-BPM), and energy.
Tier 2 covers industries considered essential to industrialization and supply chain stability, including electric vehicles, renewable energy, crude oil refining, and manufacturing activities that reduce dependence on imports.
Meanwhile, Tier 3 focuses on emerging and high-value industries with the capacity to drive long-term economic transformation. These include artificial intelligence, cybersecurity, data centers, biotechnology, research and development, and other advanced technology sectors.
Companies engaged in registered priority activities may qualify for incentives such as income tax holidays, enhanced deductions, and other fiscal benefits provided under the CREATE Act.
The government reviews and updates the SIPP every three years to ensure investment incentives remain aligned with national development goals and evolving industry trends.
The 2026 plan supports key government strategies, including the Philippine Development Plan 2023–2028, the Trabaho Para sa Bayan Plan, PAGTANAW 2050, and AmBisyon Natin 2040, all of which aim to create quality jobs, attract investments, and sustain economic growth.
Memorandum Order No. 47 was signed on May 21, 2026, by Acting Executive Secretary Ralph Recto under the authority of the President.