THE 2011 INVESTMENT PRIORITIES
The 2011 Investment Priorities Plan (IPP) was specially formulated to support President Aquino’s commitment to pursue economic growth while ensuring that the poor and the marginalized will enjoy the benefits of development as contained in his Social Contract with the Filipino people.
Below are the 13 priority investment areas. For a copy of the complete IPP, please click here:
1. Agriculture/Agribusiness and Fishery
This covers commercial production and commercial processing of agricultural and fishery products (including their by-products and wastes). This also covers agriculture- and fishery-related activities such as irrigation, post harvest, cold storage, blast freezing, and production of fertilizers.
2. Creative Industries/Knowledge-Based Services
This covers business process outsourcing (BPO) activities, IT and IT-enabled services, and film and performing arts production.
3. Shipbuilding
This covers the construction and repair of ships. This also covers shipbreaking/shiprecycling.
4. Mass Housing
This covers the development of low-cost mass housing.
5. Energy
This covers the exploration, development, and/or utilization of indigenous energy sources and other energy sources adopting environmentally-friendly technologies.
6. Infrastructure
This covers transport, water, logistics, waste management facilities, physical infrastructure, tollways, railways and telecommunication facilities) and pipeline projects for oil and gas.
7. Research and Development
This covers R&D activities and the establishment of testing laboratories, Centers of Excellence (COE) and technical vocational education and training institutions.
8. Green Projects
This covers the manufacture/assembly of goods, the utilization of which would significantly lead to either the efficient use of energy, natural resources or raw materials; minimize/prevent pollution; or reduce greenhouse gas emissions.
9. Motor Vehicles
This covers the manufacture/assembly of motor vehicles, including alternative fuel vehicles (AFVs) and electric vehicles (EVs) but excluding 2-stroke motorcycles, and manufacture of motor vehicles parts and components.
10. Tourism2
This covers tourism enterprises that are outside the tourism enterprise zones (TEZs) and are engaged in the following:
a) Tourist transport services whether for land, sea and air transport for tourist use;
b) Establishment and operation of:
- Accommodation establishments such as but not limited to hotels, resorts, apartment hotels, tourist inns, motels, pension houses, private homes for homestay, ecolodges, condotels, serviced apartments, and bed and breakfast facilities;
- Convention and exhibition facilities or “meetings, incentives, conventions and exhibition” (MICE) facilities;
- Amusement parks;
- Adventure and ecotourism facilities;
- Sports facilities and recreational centers;
- Theme parks;
- Health and wellness facilities such as but not limited to spas, tertiary hospitals, and ambulatory clinics;
- Agri-tourism farms and facilities; and
- Tourism training centers and institutes.
c) Development of retirement villages.
11. Strategic Projects3
This covers projects that exhibit very high social economic returns that will significantly contribute to the country’s economic development.
12. PPP Projects3
This covers projects under the Public-Private Partnership (PPP) Program of the government.
13. Disaster Prevention, Mitigation and Recovery Projects
This covers projects that will prevent or mitigate adverse impacts of calamities and disasters (e.g., installation of flood control systems, installation of early warning systems for typhoons, earthquake occurrences, tsunami, volcanic eruptions, dikes, etc.). This also covers projects to rehabilitate areas affected by calamities and disasters (e.g., rebuilding of roads and bridges after earthquakes/floodings, volcanic eruptions, oil spill clean-up, etc.). This further covers training for disaster preparedness, mitigation or recovery/rehabilitation/reconstruction.
