MANILA: Philippine investment promotion agencies are targeting P4.5 trillion (RM298bil) in investment approvals under the revised Strategic Investment Priority Plan (SIPP), the first to be rolled out under the Marcos administration, which places greater emphasis on innovation and technology.
That target is 33.14 per cent higher than the P3.38 trillion generated under the previous 2022-2025 SIPP, which was drawn up during the Duterte administration and focused largely on manufacturing, infrastructure and basic services. This investment pipeline generated more than 132,000 jobs.
