National Development Company Explained

Agency Name:National Development Company
Type:Agency
Preceding1:Compania de Fomento Nacional
Headquarters:116 Tordesillas, Salcedo Village, Makati, Metro Manila
Chief1 Name:Ma. Cristina A. Roque
Chief1 Position:Chairman (Acting)
Parent Department:Department of Trade and Industry

The National Development Company (NDC) is a government-owned and controlled corporation attached to the Department of Trade and Industry of the Philippines.[1]

History

In 1919, during the American colonial period, the National Development Company (NDC) was originally established as the Compañía de Fomento Nacional by Legislative Act 2489. It was later designated as a state-owned company by Commonwealth Act 182 in 1936.[2]

With the enactment of Presidential Decree No. 1648 in 1979, the NDC was reorganized under a new charter and mandated to pursue commercial, industrial, agricultural, or mining ventures that would stimulate economic development in the Philippines.[3]

See also

Notes and References

  1. Web site: National Development Company. Integrated Corporate Reporting System. August 19, 2024.
  2. Reyes. Marita R.. 1997. Corporate strategies the National Development Company. Master of Business Administration. De La Salle University. August 19, 2024.
  3. Web site: Corporate Profile. National Development Company. August 19, 2024.