Electronics manufacturing operation of EMS Group in its factory in Biñan, Laguna, in this undated photo. Board of Investment’s Investment Promotions Services Executive Director Evariste Cagatan on Friday (Sept. 26, 2025) said she expects the release of the updated 2025-2028 Strategic Investment Priority Plan (SIPP) by the end of this year. (PNA file)
The Board of Investments (BOI) is aiming to finalize and release the updated 2025–2028 Strategic Investment Priority Plan (SIPP) by the end of this year, a senior official announced Friday.
BOI Investment Promotions Services Executive Director Evariste Cagatan said the revised SIPP, which requires the approval of both the BOI Board and the Office of the President, is being refined to include additional industries eligible for incentives under the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) law.
“It is being finalized. The target is to submit to the Office of the President in the fourth quarter,” Cagatan told reporters at the 2025 Arangkada economic forum in Pasay City.
The updated plan is structured into three tiers:
- Tier 1 will focus on products addressing basic modern needs such as agriculture, fisheries, forestry, manufacturing, Halal and kosher-certified activities, organic-related industries, services, and energy. It will also cover sustainability-driven initiatives, including hazardous waste treatment, bulk water supply, and export-oriented ventures.
- Tier 2 will prioritize goods and services not produced locally, activities substituting imports, as well as those tied to defense, food security, and filling gaps in the industrial value chain.
- Tier 3 will center on highly strategic, innovation-led activities.
Cagatan expressed optimism that investment approvals will continue to rise this year, noting that BOI accounted for 83 percent of total approvals in 2024.
“While we are seeing gains in the economy and in FDI (foreign direct investment), moving forward, our focus really is to ensure that today’s investment gains translate into long-term economic resilience,” she said.
She added that the vision is to position the Philippines as Southeast Asia’s hub for smart and sustainable manufacturing and services. “This means not only attracting capital, but also creating an enabling environment where innovation thrives, industries move up the value chain, and opportunities are inclusive and sustainable.”