Food Terminal Inc.

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Template:Short description Template:Use mdy dates Template:Use Philippine English Script error: No such module "Infobox".Template:Template otherScript error: No such module "Check for conflicting parameters".Script error: No such module "Check for unknown parameters". Food Terminal Incorporated (FTI) is a government-owned and controlled corporation (GOCC) focused on food processing and distribution in the Philippines. Headquartered in Western Bicutan, Taguig, it also operates a Script error: No such module "convert". industrial estate that leases lots to small and medium-sized enterprises engaged in agricultural development, electronic raw materials, and other business endeavors.[1][2] Of this, Script error: No such module "convert". were sold to Ayala Land and are now part of Arca South.[3] FTI is a major subsidiary agency of the National Food Authority (NFA).[4]

History

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.[5] By the power a Presidential decree issued in Script error: No such module "Date time".Script error: No such module "Check for unknown parameters"., it took about more than a year to establish what was called the Greater Manila Terminal Food Market (GMTFM) on Script error: No such module "Date time".Script error: No such module "Check for unknown parameters"..[6] However, the estate was renamed to Food Terminal Incorporated (FTI) on Script error: No such module "Date time".Script error: No such module "Check for unknown parameters"..[6]

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.[6] FTI became a major subsidiary agency of the National Food Authority (NFA).[6]

Decline

On 1989, food trading and food processing operations, including live animal slaughtering, were suspended.[6] Cold storage services were also suspended in 2004 due to technical problems and viability concerns.[6]

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.[7] In November 2012, the Philippine government announced the sale of the Script error: No such module "convert". of the Script error: No such module "convert". property to Ayala Land, Inc. (ALI) for Template:Philippine peso.[7][3] Ayala plans to turn the property into a mixed-use development, now known as Arca South.[3][8][9] Proceeds from the sale are pledged to the programmes of the Department of Agriculture and the Department of Agrarian Reform. The remaining Script error: No such module "convert". remains in FTI.[3][9]

Revival

FTI will be revived by the Department of Agriculture (DA), with its reopening in Taguig.[10][5][8] FTI still has a Script error: No such module "convert". area available, with Script error: No such module "convert". occupied by informal settlers.[5][8] 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.[10][5]

FTI aims to be the leading food processing and distribution hub in the Philippines by 2030.[10]

Current developments

File:Bicutan FTI-Arca South, Laguna Lake from air (Taguig; 04-03-2024).jpg
Aerial view of FTI Complex and surrounding communities
File:FTI Kadiwa Distribution Hub (Bicutan, Quezon, Taguig; 04-26-2021).jpg
FTI Kadiwa Distribution Hub in Taguig

Arca South

Script error: No such module "Labelled list hatnote". Arca South is a mixed-use development owned by Ayala Land, Inc. occupying Script error: No such module "convert". or Script error: No such module "Percentage". out of the Script error: No such module "convert". of FTI.Script error: No such module "Unsubst".

FTI Special Economic Zone

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:Script error: No such module "Unsubst".

Other

FTI Corporate Center

The new FTI Corporate Center will house government offices. It will also be a commercial and office property for lease.[10]

Regional Food Terminals (RFT)

Six regional food terminals will be established. These terminals are to be constructed in Luzon, Visayas, Mindanao, and Metro Manila.[10][5]

References

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  6. ↑ a b c d e f Cite error: Script error: No such module "Namespace detect".Script error: No such module "Namespace detect".
  7. ↑ a b Script error: No such module "citation/CS1".
  8. ↑ a b c Script error: No such module "citation/CS1".
  9. ↑ a b Script error: No such module "citation/CS1".
  10. ↑ a b c d e Cite error: Script error: No such module "Namespace detect".Script error: No such module "Namespace detect".

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External links

Template:Department of Agriculture of the Philippines Template:Portal bar

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