National Development Company

The National Development Company (NDC) is a government-owned and controlled corporation attached to the Department of Trade and Industry of the Philippines.^[1]

National Development Company

Enabling the Future
Agency overview
Formed	March 10, 1919; 106 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

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]

See also

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