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1.
(noun) refers to the adjustment made on the actual expected time to account for Filipino time.
Mark wants to start his show at exactly 8:00PM and expects everyone to be there already. Since his audience might consist of Filipinos, he announces his show to start at Filipino Savings Time (FST) 7:00PM instead, taking to consider the usual Filipino Time.
by Andrei "CodeCalibre" June 18, 2010