The National Development Company is one of the oldest companies in the Philippines commencing on March 10, 1919 via Legislative Act 1248. NDC's first name was "Compania de Fomento Nacional".On November 30, 1936, NDC was made a state-owned company via Commonwealth Act 182, which also gave its present name. It was mandated to function as the government's investment arm. NDC, developed, financed and implemented pioneering projects vital to the sustainability of the government's structural reforms and economic policies.Two years later on January 9, 1938, Commonwealth Act 311 expanded NDC's power and gave it another 25-year corporate life, while allowing it to engage in the development of natural resources. A P 50-million capital base was allocated. Added to its original objectives was the engagement in enterprises necessary for economic development, or more significantly which private capital was unwilling to venture into.
The National Development Company is one of the oldest companies in the Philippines commencing on March 10, 1919 via Legislative Act 1248. NDC's first name was "Compania de Fomento Nacional".On November 30, 1936, NDC was made a state-owned company via Commonwealth Act 182, which also gave its present name. It was mandated to function as the government's investment arm. NDC, developed, financed and implemented pioneering projects vital to the sustainability of the government's structural reforms and economic policies.Two years later on January 9, 1938, Commonwealth Act 311 expanded NDC's power and gave it another 25-year corporate life, while allowing it to engage in the development of natural resources. A P 50-million capital base was allocated. Added to its original objectives was the engagement in enterprises necessary for economic development, or more significantly which private capital was unwilling to venture into.
The National Development Company is one of the oldest companies in the Philippines commencing on March 10, 1919 via Legislative Act 1248. NDC's first name was "Compania de Fomento Nacional".On November 30, 1936, NDC was made a state-owned company via Commonwealth Act 182, which also gave its present name. It was mandated to function as the government's investment arm. NDC, developed, financed and implemented pioneering projects vital to the sustainability of the government's structural reforms and economic policies.Two years later on January 9, 1938, Commonwealth Act 311 expanded NDC's power and gave it another 25-year corporate life, while allowing it to engage in the development of natural resources. A P 50-million capital base was allocated. Added to its original objectives was the engagement in enterprises necessary for economic development, or more significantly which private capital was unwilling to venture into.