National Development Company

Philippine government agency

National Development Company

Enabling the Future

Agency overview
Formed| March 10, 1919; 105 years ago (1919-03-10)
Preceding Agency|

* Compañía de Fomento Nacional

Headquarters| 116 Tordesillas St., Salcedo Village, Makati, Metro Manila
Agency executive|

* Saturnino H. Mejia, General Manager

Parent department| Department of Trade and Industry
Website| www.ndc.gov.ph

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

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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

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* Department of Trade and Industry (Philippines)
* Cooperative Development Authority
* Philippine Economic Zone Authority

## References

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1. ^ Integrated Corporate Reporting System. "National Development Company". Retrieved August 19, 2024.
2. ^ Reyes, Marita R. (1997). Corporate strategies the National Development Company (Master of Business Administration thesis). De La Salle University. Retrieved August 19, 2024.
3. ^ National Development Company. "Corporate Profile". Retrieved August 19, 2024.