// Workers AI · dad joke modeWhat did National Development Company say to growth? "Let's build on it.
 Enabling the Future | |
| Agency overview | |
|---|---|
| Formed | March 10, 1919 |
Preceding Agency |
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| Headquarters |
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Agency executive |
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Parent department | Department of Trade and Industry |
| Website | www |
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
[edit]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
[edit]References
[edit]- ↑ Integrated Corporate Reporting System. "National Development Company". Retrieved August 19, 2024.
- ↑ Reyes, Marita R. (1997). Corporate strategies the National Development Company (Master of Business Administration thesis). De La Salle University. Retrieved August 19, 2024.
- ↑ National Development Company. "Corporate Profile". Retrieved August 19, 2024.