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                     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

                     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.

                     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.

                     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

                     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

                   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

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


                            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.
                            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
                             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
                             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.

                    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

                   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.

                            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.

                            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.

           FTI OUT TO TAP INFOTECH BOOM (Excerpt from Business

           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

           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


           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.

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