Question & AnswerQ&A (MEMORANDUM ORDER NO. 12)
Memorandum Order No. 12 dated February 28, 2017, approves the 2017 Investment Priorities Plan (IPP) pursuant to Article 29 of Executive Order No. 226, also known as the Omnibus Investments Code of 1987, as amended.
The 2017 Investment Priorities Plan was approved under Article 29 of Executive Order No. 226 (s. 1987), or the Omnibus Investments Code of 1987, as amended.
Upon effectivity of the IPP, all government agencies and entities are enjoined to issue necessary regulations to ensure the implementation of the plan in a synchronized and integrated manner.
No, no government body shall adopt any policy or take any course of action contrary to or inconsistent with the IPP.
The Chairman of the Board of Investments is tasked to render an annual report to the President on the accomplishments and implementation of the IPP.
This Order takes effect fifteen (15) days after its publication in a newspaper of general circulation, as required under Article 31 of the Omnibus Investments Code of 1987.
The IPP identifies priority areas for investment to promote economic growth and development in the Philippines by providing incentives and coordinating investment policies.
The Board of Investments is responsible for implementing the IPP and reporting annually to the President on its accomplishments and implementation.
To ensure that all government agencies and entities uniformly apply the provisions of the IPP, avoiding conflicting policies and promoting coherent investment development.
Article 31 of the Omnibus Investments Code of 1987 mandates the publication of the IPP and related orders in a newspaper of general circulation.