Incentives for investors and their gains for locating in the Philippines were presented during the Luzon-leg of the 2026-2028 Strategic Investment Priority Plan (SIPP) held in Makati City Friday.

Finance Secretary Frederick Go said the SIPP “is a deliberate effort of the government to align investments with the country’s economic and development objectives.”

“It is a policy tool that guides investments towards sectors that can generate jobs, strengthen industries, accelerate innovation and create lasting economic value,” he said in his speech.

“Around the world, countries are using industrial policy to boost competitiveness, building resilience, and secure future growth. The SIPP reflects this shift. It sets the direction for economic transformation and signal priorities sectors for investors.”

The 2026-2028 SIPP was approved by the Board of Investments in coordination with the Fiscal Incentives Review Board (FIRB) and the investment promotion agencies (IPAs).

It has a more structured approach to investment promotion and includes the New Modern Basic Needs category, which consolidates priority activities across manufacturing, agriculture, services, infrastructure, logistics, healthcare, and energy.

Trade and Industry Undersecretary and BOI managing head Ceferino Rodolfo said the SIPP “is an important instrument for building strategic industries and creating conditions needed for long-term competitiveness.”

“BOI is fast-tracking the finalization of the general policies and specific guidelines and remains on track to publish these within the third quarter of the year,” he said. (PNA)