National Development Company
Philippine government agency
From Wikipedia, the free encyclopedia
The National Development Company (NDC) is a government-owned and controlled corporation attached to the Department of Trade and Industry of the Philippines.[1]
FormedMarch 10, 1919
Preceding Agency
- Compañía de Fomento Nacional
Headquarters116 Tordesillas St., Salcedo Village, Makati, Metro Manila
Agency executive
- Saturnino H. Mejia, General Manager
Enabling the Future | |
| Agency overview | |
|---|---|
| Formed | March 10, 1919 |
| Preceding Agency |
|
| Headquarters | 116 Tordesillas St., Salcedo Village, Makati, Metro Manila |
| Agency executive |
|
| Parent department | Department of Trade and Industry |
| Website | www |
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]