FAO in collaboration with the Inland Fisheries and Aquaculture Department (IFAD) of the Bureau of Fisheries and Aquatic Resources (BFAR) in the Philippines, prepared the report on a project to improve feed formulation and feeding strategy for Milkfish (Chanos chanos) and Nile tilapia (Oreochromis niloticus) to improve FCR, formulate cost-effective feeds using locally available feed ingredients, improve feeding strategy to reduce FCR, feed wastage and water pollution, and provide guidelines for feed manufacturers.