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Legislator calls on gov’t to issue investment priorities plan soon - BusinessWorld Online

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The continued delay in issuing the Strategic Investment Priorities Plan is not allowing Congress to exercise proper oversight over the implementation of the Corporate Recovery and Tax Incentives for Enterprises law, a senior House legislator said. READ:

Ways and Means Committee Chairman and Albay Rep. Jose Ma. Clemente S. Salceda said in a statement that he hopes the SIPP is released soon to facilitate more investment in high-value fields like technology.

“I am writing the DTI and the FIRB again since I gave an internal deadline of March 2022, before Ways and Means is forced to conduct oversight hearings,” Mr. Salceda said. “We are working with the FIRB and the DTI to have a provisional SIPP issued, so that the industries we are sure we want can ,” he added.

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