The Board of Investments (BOI) said it is set to unveil the 2025-2028 Strategic Investment Promotion Plan (SIPP), a comprehensive roadmap aimed at identifying high-impact projects to boost job creation, drive innovation and advance industrial development.
BOI managing director Ceferino Rodolfo announced the latest update on Thursday at the launch of the Ease of Doing Business in the Philippines 2025, a publication by the European Chamber of Commerce of the Philippines (ECCP).
Rodolfo said the BOI, in collaboration with other investment promotion agencies, government entities and stakeholders, is in the final stages of drafting the updated SIPP.
“We expect to release this in the first quarter of 2025, but to be conservative, I’ll say the first half of this year,” Rodolfo said.
He encouraged businesses to take advantage of the current SIPP while waiting for the updated version.
“For those unsure whether their sectors or projects will be included, I suggest working hard and fast to apply now,” he said.
The SIPP is expected to serve as a key driver in positioning the Philippines as a competitive hub for globally competitive, innovative and sustainability-driven industries.
Rodolfo also highlighted the CREATE More initiative, designed to simplify processes and accelerate investment registrations.
He said the final implementing rules and regulations (IRR) for CREATE More would be released by the end of January 2025, following public consultations. Othel V. Campos
“To ensure no delays, we’ve already issued an interim IRR, allowing investment promotion agencies to accept applications under CREATE More,” Rodolfo said, adding that the temporary IRR ensures businesses can proceed without administrative hindrances.
Rodolfo commended ECCP’s advocacy, particularly its efforts in resuming the Philippines-EU Free Trade Agreement (FTA) negotiations.
The second round of talks is scheduled to take place in Manila from Feb. 10 to 14, 2025.