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]
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]