Marcos OKs 2026 investment promotion blueprint

MANILA, Philippines — President Marcos has approved the government’s new investment promotion blueprint, which lists activities that are eligible for tax incentives.

Under Memorandum Order 47 signed by Executive Secretary Ralph Recto on May 21 but released yesterday, the President approved the 2026 Strategic Investment Priority Plan identifying activities that may qualify for incentives under the CREATE MORE Act.

The SIPP was formulated by the Board of Investments (BOI) in consultation with the Fiscal Incentives Review Board, investment promotion agencies and the private sector.

Under the 2026 SIPP, preferred activities for investments under Tier I are those covering modern basic needs such as 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.

Tier I also covers sustainability-driven industries such as industrial and/or hazardous waste treatment; bulk water treatment and supply; wastewater treatment; as well as environment or climate change related projects.

Meanwhile, those under Tier II are defense-related service activities; industrial value chain gaps activities and food security related activities.

Tier III covers science, technology and innovation-related activities.

The SIPP also includes export activities, activities covered by special laws, as well as area or region-specific priority activities.

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

“The new SIPP is not just a tool for attracting investments, but more importantly it is a means toward 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,” Trade Secretary and BOI chair Cristina Roque said.