Malacañang has approved the 2026 Strategic Investment Priority Plan (SIPP), highlighting a shift toward high-impact projects and frontier technologies – artificial intelligence, quantum computing, cybersecurity, hydrogen and nuclear energy, defense, critical minerals, climate-related projects, and modern agriculture – in the granting of targeted tax and fiscal incentive packages.
President Ferdinand R. Marcos Jr. issued Memorandum Order No. 47 on May 21, 2026, which was published in the Malacanang Official Gazette on June 2, 2026. The new SIPP will be valid for three years.
The Board of Investments (BOI), which spearheads the formulation of the SIPP, said the general policies and specific guidelines for the 2026 SIPP are being finalized and will be published within the third quarter of this year.
The new SIPP retains the three-tier framework while expanding and identifying new economic activities across priority sectors. Several key changes have been introduced in the priority areas.
For instance, Tier I highlights modern agriculture, state-of-the-art construction, mobile healthcare, ecological zones, and climate-related initiatives such as carbon capture, waste-to-value and circular economy projects, as well as forest management for carbon credits.
Tier II advances strategic industries, including defense services, desalination, electric vehicle infrastructure, sustainable aviation fuel, and the processing of critical minerals.
Tier III focuses on frontier technologies—artificial intelligence, quantum computing, cybersecurity, hydrogen and nuclear energy, and advanced research and development (R&D)—marking the country’s entry into the industries of the future.
These are complemented by export-support activities and projects mandated by special laws such as the Public-Private Partnership Code of the Philippines, the Expanded Producer Responsibility Act, and the Salt Industry Development Act, among others.
The SIPP also ensures support for export-oriented activities and region-specific priorities, including those in the Bangsamoro Autonomous Region in Muslim Mindanao.
Trade Secretary and BOI Chair Cristina A. Roque emphasized the 2026 SIPP as a key policy driver for the country’s development agenda.
“The new SIPP is not just a tool for attracting investments, but more importantly it is a means towards pursuing economic transformation. By listing activities eligible for incentives, government is signaling where we want to attract high-value capital, and translate these into new jobs, upskilling of workforce, and improved lives for Filipinos,” she said.
