The Philippines Department of Finance, through the Fiscal Incentives Review Board, reported that President Ferdinand R. Marcos Jr. approved the 2026 Strategic Investment Priority Plan, which sets the priority economic activities eligible for fiscal incentives under the CREATE Act and CREATE MORE Act. The plan keeps the broad framework of the 2022 SIPP but places greater emphasis on sophisticated, high-value projects linked to advanced technologies and the digital economy, while retaining the aim of attracting investment and generating jobs. Priority areas cited include clean energy, digital infrastructure, advanced manufacturing, agribusiness and logistics. The updated plan also strengthens support for sustainability, innovation and research and development, and identifies cybersecurity, artificial intelligence and data center infrastructure as emerging growth areas. Memorandum Order No. 47 directs relevant government agencies to issue the regulations and implementing guidelines needed for synchronized and coordinated implementation of the 2026 SIPP.
Department of Finance (Philippines)2026-06-08
Philippines Department of Finance reports presidential approval of 2026 Strategic Investment Priority Plan with greater focus on advanced and digital sectors
The Philippines Department of Finance, through the Fiscal Incentives Review Board, announced presidential approval of the 2026 Strategic Investment Priority Plan, defining activities eligible for fiscal incentives under the CREATE and CREATE MORE Acts. The plan maintains the 2022 framework but shifts toward high-value, technology-driven projects in clean energy, digital infrastructure, advanced manufacturing, agribusiness, logistics, and emerging fields such as cybersecurity, artificial intelligence and data centers, with reinforced support for sustainability, innovation and R&D. A memorandum order directs agencies to issue implementing regulations and guidelines.