| Food Terminal Incorporated (FTI) | |
| Former Name: | Greater Manila Terminal Food Market (GMTFM)[1] [2] |
| Type: | Government owned and controlled corporation (from 1980) |
| Industry: | Industrial and agricultural enterprises |
| Founded: | (as Greater Manila Terminal Food Market) (as Food Terminal Incorporated) |
| Founder: | President Ferdinand E. Marcos |
| Hq Location: | Western Bicutan, Taguig, Metro Manila, Philippines |
| Area Served: | Metro Manila,[3] Nationwide (planned) |
| Key People: | Porferio E. Mah (Chairman) Joseph Rudolph Lo (President & CEO) |
| Revenue: | [4] |
| Profit: | --> |
| Profit Year: | --> |
| Owner: | National Food Authority (Philippines) |
| Website: | FTI.gov.ph |
Food Terminal Incorporated (FTI)[2] is a Filipino government owned and controlled corporation, headquartered at Western Bicutan, Taguig, Metro Manila, Philippines; focused on food processing and distribution. It also runs a 120abbr=off0abbr=off industrial estate that leases lots for small and medium-sized enterprises that runs business on agricultural development, electronic raw materials, and other business endeavours,[2] [5] of which 76ha were sold to Ayala Land, Inc. (ALI) and is now known as Arca South.
The FTI is a major subsidiary agency of the National Food Authority (NFA).[1] [6]
It was a priority project of then Philippine President Ferdinand Marcos to revolutionize the agricultural sector of the country, and establish a food consolidation centre.[7] By the power a Presidential decree issued in, it took about more than a year to establish what was called the Greater Manila Terminal Food Market (GMTFM) on .[1] However, the estate was renamed to Food Terminal Incorporated (FTI) on .[1]
The company’s major activities include warehousing, food processing, research and quality control, marketing services, and trading.
In April 1979, the Human Settlements Development Corporation took over the ownership and management of the company.[1] FTI became a major subsidiary agency of the National Food Authority (NFA).[1]
On 1989, food trading and food processing operations, including live animal slaughtering, were suspended.[1] Cold storage services were also suspended in 2004 due to technical problems and viability concerns.[1]
There have been several attempts over multiple Philippines presidential administrations to sell off part of the property, including a public auction in 2009, but they all failed.[5] In November 2012, the Philippine government announced the sale of the 74ha of the 120ha property to Ayala Land, Inc. (ALI) for .[5] [8] Ayala plans to turn the property into a mixed-use development, now known as Arca South.[8] [9] [10] Proceeds from the sale are pledged to the programmes of the Department of Agriculture and the Department of Agrarian Reform. The remaining 46ha remains in FTI.[8] [10]
FTI will be revived by the Department of Agriculture (DA), with its reopening in Taguig.[4] [7] [9] FTI still has a 36ha area available, with 11ha occupied by informal settlers.[7] [9] The new FTI will feature food processing and cold storage facilities for produce to be sold to various consumer and vendor associations.
According to Agriculture Secretary Emmanuel Piñol, FTI will own logistics equipment to transfer goods from regional food terminals to markets, with a total of six food terminals to be built during President Rodrigo Duterte's term.[4] [7]
FTI aims to be the leading food processing and distribution hub in the Philippines by 2030.[4]
See main article: Arca South. Arca South is a mixed-use development owned by Ayala Land, Inc. occupying 74ha or out of the 120ha of FTI.
The FTI Special Economic Zone is a special economic zone located in Taguig. It houses industrial and retail enterprises as well as government offices such as:
The new FTI Corporate Center will house government offices. It will also be a commercial and office property for lease.[4]
Six regional food terminals will be established. These terminals are to be constructed in Luzon, Visayas, Mindanao, and Metro Manila.[4] [7]