BOI to issue new Strategic Investment Priority Plan in Q4

MANILA, Philippines — The Board of Investments (BOI) is looking to issue a new list of activities that can qualify for government incentives in the fourth quarter.

Speaking at the Arangkada Philippines Investment Forum 2025 yesterday, BOI executive director Eries Cagatan said the Strategic Investment Priority Plan (SIPP) for 2025 to 2028 is expected to be finalized this year.

The SIPP will identify activities that may be granted incentives under the CREATE MORE Act.

“The target is to submit to the OP (Office of the President) in Q4,” Cagatan told reporters.

She also said the aim is to release the new SIPP this year.

Under the CREATE MORE Act, Cagatan said projects may enjoy incentives for periods ranging from 14 to 27 years, depending on the location and industry priority tiers.

“The more advanced, high tech and strategic the project is, the higher the industry tier and therefore, the longer the entitlement period to incentives,” Cagatan said.

The proposed activities under the SIPP are classified into three tiers. Those under Tier 1 are industries that address modern basic needs.

“It also covers sustainability-driven industries, export activities and those covered by special laws,” she said.

Activities under Tier 1 include agriculture, fishery and forestry; manufacturing; halal, kosher and organic-related activities; services; health care and disaster risk reduction management services; infrastructure and logistics and energy.

Cagatan said those under Tier 2 include goods and services that are not locally produced, as well as import substituting activities.

These include defense-related activities and those addressing industrial value chain gaps.

Meanwhile, those under Tier 3 include highly strategic and innovation-driven activities.