On Feb. 28, President Rodrigo R. Duterte, through Memorandum Order No. 12, approved the 2017 Investment Priorities Plan (IPP), as drafted by the Board of Investments (BoI). The IPP is issued every three years and lists the priority investment activities that may be eligible for incentives. The IPP is aligned with the goals, priorities and strategies under President Duterte’s 10-point socioeconomic agenda and the framework on the Comprehensive National Industrial Strategy. After publication, the 2017 IPP took effect on March 18, 2017. At present, the BoI is finalizing the general policies and specific guidelines of the 2017 IPP which will set out in detail the criteria and other parameters that the investment activities must meet to qualify for incentives.