Filename Content Home.htm Food Terminal Incorporated (FTI) is one of the Philippine's largest industrial complexes today. The Agro-Industrial-Commercial Estate was envisioned not only to trigger the entry of private entrepreneurs at the vast leaseable portions of the FTI site, but also to create a conducive business atmosphere essential to the development of the complex. Currently, more than 300 firms from light to medium scale industries have established their plants and facilities in the complex. They are engaged in various lines of production and services such as electronics, food, transport, garments, and general warehousing. companyprofile.htm As the only agro-industrial-commercial estate in the heart of Metro Manila, FTI cradles more than 300 flourishing light to medium scale companies involved in food manufacturing, electronics, garments and service industries. Moreover, it is home to the National Food Authority (NFA), FTI’s mother agency, which has been recognized as the government’s arm in upholding the availability and stability of food for the Filipino people and the Food Development Center (FDC), which provides food research and processing services to a wide array of clientele. Of the 120-hectare total area, 60.93 hectares of the complex are earmarked for lease, with 41.49 hectares being occupied by lot lessees while the remaining 19.44 hectares are leasable. Building/facilities occupied by lessees account for 39.57 hectares including among others the six wholesalers’ buildings with 195 stalls. These businesses are interlinked by a network of wide cemented roads and provided with spacious areas for parking and commodity loading and unloading. They are also provided with basic requirements such as power, water, telephone, environmental services. cphistory.htm The FTI was the offshoot of a Presidential directive issued on January 1967, creating a committee assigned to look into the upliftment of the agricultural economy of the country. In turn, the committee endorsed a system designed to ensure price stability and increased productivity. It led to the foundation of the Greater Manila Terminal Food Market (GMTFM) on April 30, 1968 through Presidential Decree No. 347. Under the management of Development Bank of the Philippines, it was registered as a private corporation with the Securities and Exchange Commission on May 3, 1968. In 1969, operations commenced on an interim basis. In 1973 saw the conversion of GMTFM into an Agro-Industrial Commercial Estate. From direct trading of commodities, storage and food processing, it subsequently expanded its service capability to include retailing, transport services, and even real estate leasing. On March 27, 1974, a new corporate name for GMTFM was adopted: FOOD TERMINAL INCORPORATED. The company's major activities in the 1970's include storage, food processing, research and quality control, marketing services, and trading. Its' storage facilities included the Central Refrigerated Warehouse (CRW) with chilling rooms, freezer storage, ice plant, blast freezers and refrigerated processing rooms. Also, it has a multi- purpose warehouse for dry storage, food-processing facilities for grading, handling and packaging for foreign market, slaughterhouse and chicken dressing plant. In April 1980, by virtue of Letter of Instructions No. 1013, FTI was classified as a Government Owned and Controlled Corporation. The FTI then became a major subsidiary of the NFA to further strengthen its position in the integrated growth and development of the food industry. In the 80's, FTI was actively involved in the retailing of basic commodities at government subsidized prices through the Kadiwa Program. Food trading, food processing including slaughtering operations were suspended in 1989 because of the conflict with free trade market force. After operating continuously for thirty (30) years, cold storage operations also ceased operations in 2004 due to technical problems and financial losses. At present, FTI basically operates as provider of: a.) prime industrial and commercial lots for medium-to-long term leases; b.) industrial buildings with standard-sized stalls ideal for office, warehouse or small-scale processing operations. Although disengaged in food trading, processing and storage, the company is still into intensified promotions as an agro-industrial-commercial estate by providing leasable facilities and buildings that cater for the needs of food producers, manufacturers, exporters and other sectors in the food industry. cpmilestones.htm May 3, 1968 - The GMFTM was registered with the Securities and Exchange Commission as a private corporation; the National Government likewise reserves 120 hectares of the Fort Bonifacio property under a 50-year lease contract per Proclamation No. 347 and as amended by Proclamation No. 467. 1969 - Operations commenced on an interim basis. 1973 - Former President Ferdinand Marcos approved the conversion of GMTFM into an Agro-Industrial Commercial Estate(AICE). March 27, 1974 - "FOOD TERMINAL INCORPORATED" was adopted as the new corporate name. April, 1980- Letter of Instructions No. 1013 directed NFA to create a linkage agreement with the company and assist FTI's marketing and procurement operations. LOI 1013 also classified FTI as a Government-Owned and Controlled Corporation. 1985 - The NFA transferred its non-grains trading operations to FTI. At the time, FTI started retailing basic commodities at government-subsidized prices through the Kadiwa program. 1989 - Food trading, food processing including in-house slaughterhouse operations were suspended due to heavy losses. 2004 - Cold Storage ceased operations due to technical problems and heavy losses. cpmisvis.htm Vision The Food Terminal Incorporated shall be a leading government corporation providing prime location, quality facilities and services for businesses. The FTI shall be an agro-industrial-commercial estate of choice within the heart of Metro Manila, supported by competent, committed, customer-focused, business-oriented and socially responsible personnel. Mission To be a strategic partner of the business sector in economic development by providing ssential infrastructure facilities and services to support their business activities. Ensure and maintain our competitive advantage and elevate the status of the complex into a globally-competitive agro- industrial commercial hub meeting international standards. Corporate Values The FTI’s Organization is committed to perform the highest standard of competent public service and sustainability to advance its role in the country’s economic development, anchored on the following values: 1. INTEGRITY; 2. HONESTY; 3. DEDICATION; 4. PROFESSIONALISM. It is an organization where a new culture of employees is espoused, an organization that dreams as one, where everyone is accountable and responsible, where old patterns of mediocrity are broken and replaced with alacrity, the readiness to do things with passion. Thrust and Directions for 2006 Develop and reposition a NEW FTI, that of a leading, efficiently managed and sustainable Agro-Industrial- Commercial Estate. Corporate Objectives a. Redevelop FTI as a premier AICE by choice by repackaging and rebuilding a globally competitive complex; b. Derive the best return from the property through asset maximization; c. Sustain earnings and ensure viability of operations through increased efficiency; d. Render top quality service; e. Institute cost-reduction measures; f. Strengthen and sustain improvements in the performance of the entire organization; g. Administrative and balance sheet housecleaning. cplocation.htm The Food Terminal Incorporated welcomes you to a dynamic economic gateway leading to a 120-hectare Agro-Industrial Commercial Complex. It is strategically located about 2.4 km north of Bicutan Interchange, 2.3 km southeast of the Fort Bonifacio overpass and about 4.4 km southeast of EDSA. It is accessible through two major arterials: the South Luzon Expressway (SLEX) and C-5 via SLEX's East Service Road. A terminal in itself, FTI is reachable through other means of transport as its vast confines is fronted by the Philippine National Railroad and the Laguna Bay at the rear. Also, its proximity translates to a 15-minute drive from the Central Business District in Makati and, a 20-minute ride from the Ninoy Aquino International Airport (NAIA) as well as the Manila Domestic Airport. The complex is girdled by a mixture of commercial, residential, industrial districts, and community centers within a five-kilometer radius, all the more contributing to its ideal setting. At present, plans for the proposed FTI Interchange, linking existing FTI roads to the C-5, the SLEX and the Metro Manila Skyway, are methodically being studied. Once completed, this interchange will inevitably boost economic activity in FTI and its vicinity and will surely open the door for other opportunities for commerce and industry. estateleasing.htm The complex boasts of prime industrial and commercial lots suitable for factory/office sites for medium to long-term leases. It also has industrial buildings suitable for food processing and factory operations and offers multi-purpose warehouses as well as standard factory buildings for short-term leases. Standard factory/warehouse buildings (Wholesaler’s Buildings) consist of six buildings with a total of 195 stalls. Each building has provisions for canteen and restrooms. Each stall, on the other hand, has a floor area of 120 square meters and a mezzanine of 60 square meters. The stalls are being used mostly as offices and warehouses of various locators. services-SEZ.htm Registered as an economic zone with the Philippine Economic Zone Authority (PEZA), locators are entitled to competitive incentives Income Tax Holiday (ITH) of Exemption from Corporate Income Tax for 4-8 years; After ITH period, a special 5% Tax on Gross Income, in lieu of all national and local taxes; Exemption from duties and taxes on imported capital equipment, spare parts, supplies and other raw materials; Domestic sales allowance equivalent to 30% of total sales; Exemption from export taxes, wharfage dues, import and fees; Permanent residence status for foreign investors and immediate family members; Employment of foreign nationals; Simplified import and export procedures; Other incentives under Executive Order 226 (Omnibus Investment Code of 1987), as may be determined by the PEZA Board. utilities.htm The FTI provides vital infrastructure services to further assist its clients in their business ventures. Power supply is sourced from the company's own sub-station in addition to Meralco lines serving requirements of existing lessees. Water supply is serviced by Manila Water Company Incorporated (MWCI), lessee-owned deepwells and private contractors. On the other hand, communications service is supported by a PABX telephone system with 100 trunklines and 600 local lines. 1. Power system - An outdoor substation with primary service feed coming from two (2) separate sources, with a switch gear feed cutting the 2 circuits to 19 power centers through overhead distribution network. 2. Water system - MWCI water lines; 24/7 supply; 150,000 gallons elevated water tank, 30 feet in height; two (2) units main pump house; two (2) units water reservoir with a capacity of 700,000 gallons each. 3. Communication System - 19 PLDT direct lines and advanced Digital PABX system with a capacity Of 100 central office trunks and 600 local lines and can modularly expand up to 1,800 combined trunks and locals. 4. Waste Management - Sewer system consisting of concrete pipe network and sewer treatment concrete tanks. Garbage collection is carried out by a private contractor. security.htm The sprawling 120-hectare complex of the FTI is accessible through its five major access gates, namely: the main entrance gate, the Maharlika gate and the Southeast gate, the Marian gate and the Signal gate. Security measures are being strictly implemented in these gates with vehicle movement control through sticker system. Inside the complex, several contractual guards are posted in different strategic areas supported by organic security patrols fully equiped with two-way radios for effective monitoring and maintenance of peace and order. To further enhance the implementation of security measures, two police substations and one PNP-traffic substation have been established strategically inside the complex. Curfew hours are observed from 11:00 PM until 4:00 AM. news.htm FTI OUT TO TAP INFOTECH BOOM (Excerpt from Business World) After repeated privatization attempts ended in failure, efforts are now under way to convert the 120-hectare Food Terminal, Inc. (FTI) complex in Taguig City into an Information Technology (IT) Park. A subsidiary of the National Food Authority, FTI is an agro- industrial and commercial estate set up by the Marcos administration in 1968 to serve as direct trading hub for agricultural commodities, storage and food processing. Over the years, FTI - which is often regarded as one of the Marcos regime's "White elephants" - has branched out to accomodate other locators. In 2004, some 243,961 square meters were declared a special economic zone With the boom in outsourcing, the next step for FTI is to position the entire site as an extention to Makati City and Fort Bonifacio Global City, city manager for upper Bicutan April- Raschid told Business World. FTI is primarily counting on the spillover of locators from already congested office areas in Metro Manila. This early, five call center firms have already expressed interest in locating, Ms. Al-Raschid said. The city government of Taguig, along with the Trade Department and the NFA, are targetting to get IT Park approval by the third quarter of 2006. Included in the plan is the setting-up of an integrated transport system to FTI from Makati City and Fort Bonifacio as FTI is only 15 minutes away by car. FTI is also near the South Luzon Expressway and the Ninoy Aquino International Airport. FTI is also open to partnering with property developers as most of its facilities are warehouses. Monthly office space rental is currently cheaper at P150 per square meter, while land rental is at P73.50 per square meter. In comparison, Makati rents starts at P350 per square meter. - Maricel E. Estavillo SPECIAL ECONOMIC ZONE IN FTI On May 1, 2004, President Gloria Macapagal-Arroyo signed Proclamation No. 626, creating and designating parcels of land situated at FTI complex, Taguig, Metro Manila as Special Economic Zone (SEZ) pursuant to RA No. 7916 as amended by RA No. 8748. The SEZ consists of aggregate area of 243,961 square meters. As a result of the proclamation, locators inside the zone will enjoy tax incentives and faster processing of their papers for both the import and export requirements. Most of the existing locators are into electronics business that have been with FTI for decades. Since the President signed Proclamation No. 626, there have been many inquiries on available spaces both for lot and buildings. It is expected that more investors will choose FTI as their business haven in the future because of the SEZ's locational advantage and the paradigm shift that focused on improved customer services.
Pages to are hidden for
"content"Please download to view full document