Makati city: Incentives for investors and their gains for locating in the Philippines were presented during the Luzon-leg of the 2026-2028 Strategic Investment Priority Plan (SIPP) held in Makati City Friday. Finance Secretary Frederick Go stated that the SIPP is a deliberate effort of the government to align investments with the country's economic and development objectives. He described it as a policy tool that guides investments towards sectors that can generate jobs, strengthen industries, accelerate innovation, and create lasting economic value.

According to Philippines News Agency, the SIPP reflects a global shift where countries are using industrial policy to boost competitiveness, build resilience, and secure future growth. The 2026-2028 SIPP, approved by the Board of Investments in coordination with the Fiscal Incentives Review Board (FIRB) and the investment promotion agencies (IPAs), sets the direction for economic transformation and signals priority sectors for investors. It incorporates a more structured approach to investment promotion and includes a New Modern Basic Needs category, consolidating priority activities across manufacturing, agriculture, services, infrastructure, logistics, healthcare, and energy.

Trade and Industry Undersecretary and BOI managing head Ceferino Rodolfo highlighted the importance of the SIPP as an instrument for building strategic industries and creating conditions needed for long-term competitiveness. Rodolfo mentioned that the BOI is fast-tracking the finalization of the general policies and specific guidelines, aiming to publish these within the third quarter of the year.