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President Ferdinand Marcos Jr. approved the country’s new investment priority plan, which will serve as basis for tax incentives to specified sectors, including logistics, transport, and shipbuilding
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Memorandum Order 47 contains the 2026 Strategic Investment Priority Plan, which lists and classifies business activities that can apply for incentives under Republic Act 12066 or the CREATE MORE Act
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For shipbuilding, which falls within Tier 1 manufacturing, the coverage is construction as well as the production of parts and components
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Ship repair is also listed under services, which also includes maintenance, repair and overhaul of aircraft
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Fulfillment Centers are also in Tier 1, covering integrated logistics services involving warehousing and storage, digital inventory management, product packaging, digital order processing, kitting, packing, and last mile shipping services
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Transport – via air, water, and land – are also specified in Tier 1, including electric vehicles
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Development and operation of airports, seaports, and integrated transport terminals also listed under Tier 1
President Ferdinand Marcos Jr. has approved the country’s new investment priority plan, which will serve as basis for tax incentives to specified sectors, including logistics and shipbuilding.
Memorandum Order (MO) 47, signed by Executive Secretary Ralph Recto on May 21 but published only on June 2, contains the 2026 Strategic Investment Priority Plan (SIIP), which lists and classifies business activities that can apply for incentives under Republic Act 12066 or the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE law).
The SIPP was crafted by the Board of Investments (BOI) in coordination with the Fiscal Incentives Review Board, investment promotion agencies and the private sector.
“By listing activities eligible for incentives, the government is signaling where we want to attract high-value capital, and translate these into new jobs and workforce upskilling,” Ma. Cristina Roque, Trade secretary and BOI chairman, said in a statement.
The 2026 SIPP identifies three tiers of activities, which determine the time period and incentives that will be made available.
This is in line with the CREATE MORE Act, passed in 2024, which gives projects incentives between 14 to 27 years, based on location and priority tiers. The implementation of the law has been guided by rules released in 2025.
READ: CREATE MORE Act IRR signed
With MO 47, Tier I covers basic industries such as agriculture, fishery and forestry; manufacturing; services; health care and disaster risk reduction management services; infrastructure and logistics; and energy. It also includes sustainability-driven industries such as industrial and/or hazardous waste treatment; bulk water and wastewater; and projects related to environmental protection or climate change.
For shipbuilding, which falls within Tier 1 manufacturing, the coverage is construction as well as the production of parts and components. Ship repair is also listed under services, which also includes maintenance, repair and overhaul of aircraft.
READ: MARINA renews push for ship registry, shipbuilding bills as priority
Fulfillment Centers are also listed in Tier 1, which covers integrated logistics services involving warehousing and storage, digital inventory management, product packaging, digital order processing, kitting, packing, and last mile shipping services.
READ: Logistics, cold storage bright spots in PH property market
Transport – via air, water, and land – are also specified in Tier 1, including electric vehicles. The development and operations of airports, seaports, and integrated transport terminals are also eligible for Tier 1 benefits.
READ: Less dwell time for e-trucks crucial for viability, says FAST Logistics
Tier II lists defense-related service activities and those that address gaps in the industrial value chain gaps activities, food security related activities.
Tier III involves science, technology and innovation-related activities.
The SIPP also includes export-related activities, those covered by special laws, and high-value activities that are region-specific.
“The new SIPP is not just a tool for attracting investments, but more importantly it is a means toward pursuing economic transformation,” Roque said.
The BOI will be finalizing the General Policies and Specific Guidelines for the 2026 SIPP, and these are targeted for release by the third quarter this year.
MO 47 takes effect 15 days from publication. Upon effectivity, all concerned government agencies, including Investment Promotion Agencies, and local government units are mandated to issue relevant regulations and ensure implementation “in a synchronized and integrated manner,” the memo states.
