President Rodrigo Duterte has approved the 2020 Investment Priorities Plan, which contains programs that are qualified for incentives in order to make economic growth more inclusive.
Memorandum Order No. 50 was signed by Duterte on Nov. 18, and was released to media on Nov.19. It mandates all government agencies to issue the necessary regulations to ensure the synchronized and integrated implementation of the IPP.
Also considered priorities are export activities and activities based on special laws that provide incentives like the Revised Forestry Code of the Philippines; Philippine Mining Act of 1995; Book Publishing Industry Act; Downstream Oil Industry Deregulation Act of 1998; Magna Carta for Disabled Persons; Renewable Energy Act of 2008; The Tourism Act of 2009; and Energy Efficiency and Conservation Act.
The memorandum also stated the priority investment areas of the Bangsamoro Autonomous Region in Muslim Mindanao for 2020 to 2022: