Investment Priorities Plan
The 2008 Investment Priorities Plan (IPP) shall continue to support the Administration's goal of economic development and freedom as advocated by the 10-point agenda and implemented through the 2004 to 2010 Medium Term Philippine Development Plan (MTPDP). It shall carry on the task of fulfilling the realization of the Administration's vision for the Philippines to be in the 1st World Country Status in 20 years through strengthened efforts in investment promotion to generate more jobs, provide food and deliver basic services to the people.
This year's IPP contains the following general categories:
The Preferred Activities covers the identified six (6) investment areas that were recommended by the concerned agencies and private sector to support their respective programs;
The Mandatory Inclusions covers all areas/activities where the inclusion in the IPP and/or the grant of incentives under EO 226 is mandated by law;
The Export Activities covers the manufacture of non-traditional export products and activities in support of exporters; and
The ARMM List covers priority areas that have been independently determined by the Regional Board of Investments of the Autonomous Region of Muslim Mindanao (RBOI-ARMM) in accordance with EO 458. The economic activities listed in the ARMM shall be entitled to incentives only when said activities are undertaken in the ARMM region. However, the economic activities listed in the Preferred Activities, Mandatory Inclusions and Export Activities may also be undertaken within the ARMM.
The preparation and formulation of the 2008 IPP was undertaken through the concerted efforts of the IPP Inter-Agency Working Group headed by the Board of Investments (BOI), as the national lead agency for investment promotion. The members of the working group are the Presidential Management Staff, the National Economic Development Authority, the Departments of Trade and Industry, Finance, Energy, Agriculture, Environment and Natural Resources, Tourism, Science and Technology, Education, RBOI-ARMM, the Commission on Information and Communications Technology, Housing and Urban Development Coordinating Council, Commission on Higher Education, National Bood Development Board, Philippine Retirement Authority, and Export Development Council. Relative thereto, simultaneous public hearings were conducted in the cities of Makati, Cebu and General Santos on 07 March 2008.
We are confident that this year's IPP will further support public-private partnership programs and the regional development plans consistent with the overall economic and fiscal objectives of the country.
For more information, visit the Philippine Board of Investments website