Food Terminal Incorporated - Manila, Philippines

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 (SEC) on May 3, 1968.