15 March 2017
PHILIPPINES: 2017-19 Investment Priorities Plan Targets Manufacturing and Regional Development
A renewed focus on the manufacturing sector and a push towards shifting investments to rural areas are among the key elements of the government’s Investment Priorities Plan (IPP) for 2017-2019. Under the terms of the plan, investors in a number of manufacturing sectors, including the production of industrial goods and agro-processing, will be eligible for special incentives, especially if such projects are located outside of the Metro Manila region.
Other investment sectors eligible for IPP-related incentives include IT, high-tech engineering, logistics, clean energy initiatives and any large- to medium-scale projects likely to provide opportunities for micro and small enterprises. Full details of these incentives and the eligibility criteria will be provided in the IPP’s Implementing Rules and Regulations, which are currently being finalised by the Philippines’ Board of Investment. A date for their publication has yet to be announced.