An official of the Board of Investments (BOI) has expressed optimism that the updated 2025-2028 Strategic Investment Priority Plan (SIPP) will be released by the end of 2025.
The refined version, which will have to be approved by the BOI Board and the Office of the President, will include new sectors that will qualify for incentives under the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE), BOI Investment Promotions Services Executive Director Evariste Cagatan said over the weekend.
“It is being finalized. The target is to submit to the Office of the President in the fourth quarter,” Cagatan told journalists on the sidelines of the 2025 Arangkada economic forum in Pasay City.
In her presentation, Cagatan said that under Tier 1 of the proposed updated list are products that address modern basic needs, such as those in agriculture, fisheries, and forestry, as well as manufacturing, Halal, kosher, and organic-related activities, services, and energy.
Also included under this tier are those involved in sustainability-driven industries, such as industrial and/or hazardous waste treatment, bulk water treatment and supply, as well as export activities, and those covered by special laws, Cagatan said.
Under Tier 2 are goods and services not locally produced, as well as import-substituting activities, which are involved in defense, addressing industrial value chain gaps, and enhancing food security, she explained.
Those under Tier 3 are the highly strategic and innovation-driven activities, she said.
Cagatan expressed optimism for the sustained rise of investment approvals in 2025, citing that around 83 percent of 2024’s approvals were those approved by the BOI.
She explained that “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.”
“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,” Cagatan said.
“Our vision is to propel the Philippines into a virtuous cycle of sustained economic growth by transforming our country into Southeast Asia’s hub for smart and sustainable manufacturing and services, driven by an empowered private sector supported by the government as the enabler through market-driven policies, strong infrastructure, and active private sector partnerships,” she added. (PNA)
