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, as reported by BusinessWorld.
The 2026 SIPP remains consistent with the overall intent and framework of the 2022 SIPP but reflects evolving priorities of the Philippine economy, according to FIRB. The plan aims to attract investments that can generate high-value jobs and boost the country's competitiveness in emerging technologies.
The SIPP is a key tool for granting fiscal incentives to investors, and the updated version signals the government's commitment to supporting industries that are critical for long-term economic growth. FIRB emphasized that the 2026 SIPP aligns with national development goals.