The Philippine government plans to secure an investment of P4.5 trillion from its new Strategic Investment Priority Plan (SIPP), a 33% increase from the P3.38 trillion approved in the last plan, which created over 132,000 jobs. Trade Undersecretary Ceferino Rodolfo confirmed that the new SIPP is their first under the Marcos administration. It will also support the CREATE MORE Act, which offers tax incentives to encourage companies to invest in the country. The new plan has three priority levels.
Tier 3, the highest level, focuses on advanced technologies such as artificial intelligence (AI), cybersecurity, quantum computing, defence manufacturing, hydrogen, nuclear energy and research.
Tier 2 includes important industries like electric vehicle infrastructure, sustainable aviation fuel, defence services, desalination, and critical minerals processing.
Tier 1 covers essential sectors such as agriculture, fisheries, forestry, manufacturing, healthcare, infrastructure, logistics and energy, as well as halal, kosher, and organic businesses.
Rodolfo said many high-tech projects are expected to be developed in the Luzon Economic Corridor, which connects Subic, Clark, Manila, and Batangas. Renewable energy is still considered a good investment field. The BOI approved renewable energy investments worth P343.47 billion in the first six months of 2026, representing almost three-fourths of its total approved investments.
The government is also considering extending the SIPP’s validity to six years. Trade Secretary Cristina Roque said the goal is to turn these planned investments into real projects that create jobs, strengthen industries and boost the Philippine economy.
