The Board of Investments (BOI) is upgrading the 2017 Investment Priorities Plan (IPP) to highlight nine preferred activities, including the construction of drug rehabilitation centers, in order to reflect the thrust of the Duterte administration.
Based on the draft 2017 IPP, the nine preferred activities eligible for incentives over the next three years include all manufacturing activities such as agro-processing; agriculture and fishery; strategic services; healthcare services including drug rehabilitation centers; mass housing; infrastructure and logistics; innovation drivers (research and development activities); inclusive business models; and environment or climate change-related projects.
The current IPP lists only eight preferred activities: Manufacturing; agribusiness and fishery; services; economic and low-cost housing; hospitals; energy; public infrastructure and logistics; and public-private partnership (PPP) projects.
“The 2017 IPP aspires to promote investments in preferred economic activities and sectors that will have direct and positive impact on the lives of the Filipinos,” the draft read.
It also took into consideration “the administration’s advocacy to support small enterprises, encouraging their integration to major business networks.”
The proposed IPP will have a three-pronged goal of modernizing the Philippine economy through: Enhanced incentives packages; generation of massive levels of decent jobs; and solutions to societal issues on employment, housing, etc.