Approval of 2014 Investment Priorities Plan

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MEMORANDUM ORDER NO. 74: Approval of 2014 Investment Priorities Plan

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Title Supreme Court: Approval of 2014 Investment Priorities Plan

Law: Memorandum Order No. 74

Decision Date: Oct 28, 2014

The 2014 Investment Priorities Plan (IPP) in the Philippines aims to attract investments in manufacturing, agribusiness, services, and infrastructure to promote inclusive growth, create jobs, enhance competitiveness, and address supply gaps in the economy.

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Mandatory Compliance and Coordinated Implementation

All government agencies and entities are mandated to issue regulations necessary for the synchronized and integrated implementation of the 2014 IPP.
Government bodies are strictly prohibited from adopting policies or actions that contradict or are inconsistent with the provisions of the IPP.
This mandate ensures a unified government approach to investment priorities as outlined in the IPP.

Monitoring and Reporting Requirements

The Chairman of the Board of Investments is tasked to prepare and submit an annual report to the President.
The report must detail the accomplishments and the status of implementation of the Investment Priorities Plan.
This reporting mechanism reinforces accountability and allows for evaluation of the IPP’s effectiveness.

Legal Basis and Authority

The issuance of this Memorandum Order is anchored on the provisions of the Omnibus Investment Code of 1987.
The Executive Secretary promulgates the order by authority of the President of the Philippines.
The law underscores the government’s commitment to promoting investments aligned with national economic priorities through the IPP.

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