Fuels or manufactures equipment which utilize non

fuels or manufactures equipment which utilize non-conventional sources
of energy or uses or converts to coal or other non-conventional fuels or
sources of energy in its production, manufacturing or processing
operations. Provided, That the final product in any of the foregoing
instances, involves or will involve substantial use and processing of
domestic raw materials, whenever available; taking into account the
risks and magnitude of investment: Provided, further, That the
foregoing definitions shall not in any way limit the rights and incentives
granted to less-developed-area enterprises provided under Title V, Book
I, hereof.
"Non-pioneer enterprise" shall include all registered producer
enterprises other than pioneer enterprises.
3. Investments Priority Plan
"Investment Priorities Plan" shall mean the over-all plan prepared by the
Board which includes and contains:
a. The specific activities and generic categories of economic activity
wherein investments are to be encouraged and the corresponding
products and commodities to be grown, processed or manufactured
pursuant thereto for the domestic or export market;
b. Specific public utilities which can qualify for incentives under this
Code and which shall be supported by studies of existing and
prospective regional demands for the services of such public utilities
in the light of the level and structure of income, production, trade,
prices and relevant economic and technical factors of the regions as
well as the existing facilities to produce such services;
c. Specific activities where the potential for utilization of indigenous no-
petroleum based fuels or sources of energy can be best promoted;
and
d. Such other information, analyzes, data, guidelines or criteria as the
Board may deem appropriate.

The specific and generic activities to be included in the Investment
Priorities Plan with their status as pioneer or non-pioneer shall be
determined by the Board in accordance with the criteria set forth in this
Book.
4. Registration of investments
Registered Enterprises" shall mean any individual, partnership,
cooperative, corporation or other entity incorporated and/or organized
and existing under Philippine laws; and registered with the Board in
accordance with this Book: Provided, however, That the term "registered
enterprise" shall not include commercial banks, savings and mortgage
banks, rural banks, savings and loan associations, building and loan
associations, developmental banks, trust companies, investment banks,
finance companies, brokers and dealers in securities, consumers
cooperatives and credit unions, and other business organizations whose
principal purpose or principal source of income is to receive deposits,
lend or borrow money, buy and sell or otherwise deal, trade or invest in
common or preferred stocks, debentures, bonds or other marketable
instruments generally recognized as securities, or discharge other
similar intermediary, trust of fiduciary functions.