SIPP continues PHL push to attract high-value industries, FIRB says

THE PHILIPPINES has configured its Strategic Investment Priority Plan (SIPP) to steer investment towards artificial intelligence, cybersecurity, data centers, and other high-value industries, the Fiscal Incentives Review Board (FIRB) said.

“While the 2026 SIPP remains consistent with the overall intent and framework of the 2022 SIPP, it reflects the evolving priorities of the Philippine economy,” the FIRB said in a statement on Monday.

It said the underlying strategy remains the promotion job creation and attracting quality investments, with a greater emphasis on sophisticated, high-value projects driven by advanced technology and digitizing the economy.

It added that the new SIPP strengthens support for industries that promote sustainability, innovation, and research and development.

“It recognizes emerging growth areas such as cybersecurity, artificial intelligence, and data center infrastructure, reflecting the country’s commitment to building a future-ready and globally competitive economy,” it added.

Finance Secretary and FIRB Chairman Frederick D. Go said that the approval of the new SIPP forms part of a broader strategy to make the Philippines a more attractive investment destination.

“We focus on ensuring the ease of doing business, reducing cost, and creating predictability,” he said.

“These efforts are directed towards priority sectors such as clean energy, digital infrastructure, advanced manufacturing, agribusiness, and logistics. Well-designed incentives move capital, build industries, and expand opportunities for Filipinos,” he added. — Justine Irish D. Tabile