Welcome Guys!
Try hardiflex, it looks like asbestos and I believe it is termite proof. Bing did not want it because of all the scares that have been around about asbestos. We just use plain untreated plywood and in two years just have had some very minor problems with bok-bok that were in the already in the panels. We had the foundations of the house and the surrounding area sprayed by Mapicon, which cost us P54k with a 3 year warranty. They check for any problems at least once a year. When we first saw a few holes caused by bok-bok, we took out a one year contract costing P12k. They injected the holes several times when we called them out, and that seems to have solved the problem.We have some friend that also had problems with termites in their bedroom ceiling, but they had tried to save money by just spraying the ground themselves.
OMG thanks for telling me this now I need to start all over on what I already decided to use for the panels USG tiles where my next guess but when they get wet not good
HardieFlex® Fiber Cement Board has no Asbestos and no Chrysotile fibers.
Note: This product does not contain asbestos or asbestiform fragments. Cellulose comes from wood pulp.