Food Terminal Incorporated
   HOME





Food Terminal Incorporated
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 industrial estate that leases lots to small and medium-sized enterprises engaged in agricultural development, electronic raw materials, and other business endeavors. Of this, were sold to Ayala Land and are now part of Arca South. FTI is a major subsidiary agency of the National Food Authority (NFA). 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. 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 . However, the estate was renamed to Food Terminal Incorporated (FTI) on . The company’s major activities include warehousing, food ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Arca South
Arca South is a mixed-use estate owned by Ayala Land, Inc. located at East Service Road, Barangay Western Bicutan, Taguig. It was formerly part of Food Terminal Inc. before being sold to Ayala Land. History With the decline of FTI, established in 1974, 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. In November 2012, the Philippine government announced the sale of the or of the property to Ayala Land, Inc. for . Ayala plans to turn the property into a mixed-use development. Proceeds from the sale are pledged to the programs of the Department of Agriculture and the Department of Agrarian Reform. The remaining remains in FTI. In 2013, Ayala Land renamed their property into Arca South. Current construction of the mall is estimated to be completed by 2027, ten years after its initial target date. Current developments Residential Aya ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  



MORE