MANILA, Philippines — The government is targeting P4.5 trillion in investment approvals under the revised Strategic Investment Priority Plan (SIPP), the first investment roadmap under the Marcos administration that places greater emphasis on innovation and technology.
The target is 33.14% higher than the P3.38 trillion in approved investments generated under the 2022-2025 SIPP, which created more than 132,000 jobs.
Trade Undersecretary Ceferino Rodolfo, who also heads the Board of Investments (BOI), said the revised SIPP will guide the grant of fiscal and tax incentives under the CREATE MORE Act by classifying investment activities into three priority tiers.
Tier 3, the highest priority, covers innovation-driven industries such as artificial intelligence, defense manufacturing, quantum computing, cybersecurity, hydrogen and nuclear energy, and advanced research and design.
Tier 2 includes strategic industries such as defense services, desalination, electric vehicle infrastructure, sustainable aviation fuel, and critical minerals processing.
Tier 1 focuses on modern basic needs, including agriculture, fisheries, forestry, manufacturing, halal, kosher and organic industries, as well as health care, disaster risk reduction, infrastructure, logistics, energy and other services.
Rodolfo said most Tier 3 investments are expected to flow through investment promotion agencies within the Luzon Economic Corridor, while renewable energy projects will remain a major focus of the BOI.
As of the first half of 2026, the BOI had approved P343.47 billion in renewable energy investments, accounting for 74.25% of its P461.84-billion investment pipeline.
Trade Secretary Cristina Roque said the government’s priority is to convert investment commitments into projects that generate jobs and strengthen industries.
The BOI is conducting nationwide roadshows on the revised SIPP and aims to release its implementing guidelines in the third quarter.
