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

Philippines The Philippines, officially the Republic of the Philippines, is an Archipelagic state, archipelagic country in Southeast Asia. Located in the western Pacific Ocean, it consists of List of islands of the Philippines, 7,641 islands, with a tot ...

History

In 1919, during the

American colonial period The Thirteen Colonies were the British colonization of the Americas, British colonies on the East Coast of the United States, Atlantic coast of North America which broke away from the British Crown in the American Revolutionary War (1775–17 ...

, 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 A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goo ...

by Commonwealth Act 182 in 1936. 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

References

{{Authority control Department of Trade and Industry (Philippines) Government-owned and controlled corporations of the Philippines Government agencies established in 1919 1919 establishments in the Philippines Economic development organizations

History

See also

References