President Ferdinand R. Marcos Jr. has approved the 2026 Strategic Investment Priority Plan (SIPP), a comprehensive blueprint designed to accelerate economic growth, generate high-quality jobs, and streamline the distribution of fiscal incentives for critical industries across the country.
The directive was formalized through Memorandum Order No. 47, signed on May 21, 2026, by Acting Executive Secretary Ralph Recto. The order mandates all government bodies to align their policies with the newly approved plan, strictly prohibiting any actions that run contrary to its implementation.
The 2026 SIPP serves as a cornerstone for the country’s long-term economic visions, aligning directly with AmBisyon Natin 2040, PAGTANAW 2050, the Trabaho Para sa Bayan Plan, and the Philippine Development Plan 2023–2028.
To ensure seamless execution, the plan establishes strict governance and ease-of-doing-business mandates:
-
Synchronized Implementation: All government agencies are directed to issue integrated regulations to support the SIPP within their respective sectors.
-
Bureaucratic Fast-Tracking: Investment Promotion Agencies (IPAs) are ordered to expedite the setup of registered projects, coordinating directly with Local Government Units (LGUs) through established one-stop action centers.
-
Regulatory Compliance: LGUs and state agencies must strictly adhere to Republic Act No. 11032 (the Ease of Doing Business and Efficient Government Service Delivery Act of 2018) to eliminate delays in permits and licenses.
Formulated by the Board of Investments (BOI) in close consultation with the Fiscal Incentives Review Board (FIRB), IPAs, and the private sector, the 2026 SIPP categorizes prioritized industries into three distinct tiers. Tax incentives granted to Registered Business Enterprises (RBEs) will be tied directly to these tiers:
| Tier | Strategic Focus & Key Qualifying Activities |
| Tier I | Foundational & Job-Generating: Activities with high job-creation potential; sectors addressing market failures and basic service underprovision; innovation and value-chain upgrades; critical industrial support; and emerging sectors with a comparative advantage. |
| Tier II | Supply Chain Localization: Production of supplies, parts, components, and intermediate services not locally available but vital to industrial development. It also includes import-substituting activities, such as crude oil refining. |
| Tier III | High-Tech & Frontier Industries: High-value R&D that yields breakthroughs in science/health; creation of local intellectual property; highly technical manufacturing; and industries critical to structural economic transformation, including Artificial Intelligence (AI), cyber-security, and data center facilities. |
The formulation of the SIPP follows the legal mandates of the National Internal Revenue Code of 1997, as amended by Republic Act No. 11534, widely known as the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act. The 2026 iteration successfully integrated FIRB Resolution No. 015-25 (adopted December 15, 2025) and BOI Board Resolution No. 10-03 (approved April 10, 2026).
Memorandum Order No. 47 will officially take effect 15 days after its publication in a newspaper of general circulation or the Official Gazette.
