The Board of Investments (BoI) aims to secure P4.5 trillion in investment pledges over the next two years under its updated Strategic Investment Priority Plan (SIPP). This plan prioritizes frontier technologies such as artificial intelligence, digital infrastructure, and renewable energy.
According to the BoI, priority sectors under the 2026 SIPP include mining and mineral processing, digital infrastructure, advanced manufacturing, and tourism.
The new SIPP expands the list of industries and economic activities eligible for incentives under Republic Act No. 12066. This move is expected to attract higher-value investments in areas such as AI, digital infrastructure, renewable energy, and advanced manufacturing.
The BoI launched its nationwide SIPP roadshow on July 10, with its Luzon leg. The agency will hold roadshows for Visayas- and Mindanao-based investors in the coming weeks.
The updated SIPP aligns with the Luzon Economic Corridor (LEC), which seeks to capture investments in sectors like logistics and advanced manufacturing.
New Clark City in Tarlac is poised to become a key growth hub for AI and semiconductor manufacturing, with the Philippines looking to position it as a top investment destination.
Under the new SIPP, Tier I activities include modern agriculture, state-of-the-art construction, mobile healthcare, and climate-related initiatives. Tier II activities include defense services, desalination, and electric vehicle infrastructure.
Tier III activities eligible for incentives include AI, quantum computing, cybersecurity, and hydrogen and nuclear energy. The government aims to attract higher-value investments in these areas, but must also accelerate regulatory approvals and improve the business environment.
Experts say that while incentives may open the door for investors, ease of doing business, infrastructure, human capital, and execution will determine whether investors choose to stay and expand in the Philippines.
