|
May
3, 1968
|
The GMFTM was registered with
the SEC 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
|
Then 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
18, 1979
|
Human Settlements Development
Corporation took over the ownership and management of FTI. |
|
April
19, 1980
|
Letter of Instruction 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 slaughtering operations were suspended. |
|
2004
|
Cold
Storage ceased operations due to technical problems and viability
concerns. |