Corporate Profile
Brief History
The National Development Company (NDC) 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 has developed, financed and implemented pioneering projects vital to the sustainability of the government’s structural reforms and economic policies.
The reorganization of NDC in 1979 (NDC revised charter, PD 1648) enabled the company to provide capital and managerial expertise for projects and enterprises it has undertaken. This also realigned NDC’s strategic role to the government’s priorities in achieving its target of industrial development.
NDC has then and now, been described as a “catalyst” for it has made possible the establishment, growth, and eventual privatization of many of the biggest industries in the country. It was instrumental in the birth and growth of the shipping and aviation industries in the Philippines; it made possible the manufacture of the first light bulbs in the country, invigorated the steel industry, pioneered copper smelting and phosphate fertilizers among others. NDC opened the nation’s first cement firm, practically establishing the industry. It organized the first textile firm, the first sugar refinery, and the first space communications company. It led the way in low-cost housing, established agricultural plantations, built warehouses, set up lumber and paper mills, and conducted groundbreaking surveys of oil, iron ore, guano, marble, coal, and other minerals.
In the ‘50s and ‘60s , despite huge organizational losses, it ventured into new industries to pave the way for private enterprise. In the ‘70s and ‘80s, it harnessed considerable capital and influence to grow big industries and establish regional endeavors, while funneling investments into the work of small- and medium-sized entrepreneurs. Three Philippine presidents have served on the NDC board: Sergio Osmeña, Elpidio Quirino, and Manuel Roxas.
Today, as a premier investment company, it is mandated to prioritize infrastructure, support agriculture and agrarian reform, and break ground in the exploration of environmentally-sound alternative sources of energy. NDC also continues to support key industries and explore opportunities in new ones, while remaining a model of professionalism and good governance in its field.
The agenda set today and for years ahead are expected to yield much higher degree of performance and measurable impact by bringing its catalytic role to sustainable levels of development and balanced economic growth.
Mandates
PD 1648 (Revised Charter) – NDC is mandated to pursue commercial, industrial, agricultural or mining ventures in order to give the necessary impetus to national economic development. NDC, may on its own, or in joint venture with the private sector, undertake vital projects when necessary or when the private sector is not willing or able to undertake such projects due to high risks or to lack of funds/resources.
Executive Order No. 83 (Strengthening the Enforcement of the Agri-Agra Law and Launching of the NDC “AA” Bonds for Rural Development) – Authorized NDC to undertake the issuance of NDC Agri-Agra Bonds in the total amount of P50B for the development of the agriculture and agrarian sectors.
Executive Order No. 530 - (Authorizing the NDC to Issue Bonds under Executive Order 83, Series of 1998 for the pump-priming activities and other projects of the government) - The EO strengthens NDC’s authority to issue bonds under EO 83 Series of 1998, and expanded the utilization of the bond proceeds to include the economic pump-priming activities/projects of the government-owned and controlled corporations (GOCCs) and any other projects designed for economic growth and poverty alleviation.
Executive Order No. 824 - Authorizing the National Development Company (NDC) to issue Bonds for Infrastructure Projects
Executive Order No. 824-A - Amending Executive Order No. 824 authorizing the National Development Company to Issue Bonds for Infrastructure Projects to include projects for Rehabilitation and Reconstruction of Government Infrastructure Facilities damaged or destroyed by Typhoons "Ondoy" and "Pepeng"
Our Vision
The premier investment vehicle of the Government leading the nation towards sustainable socio-economic development.
Our Mission
NDC shall invest in diversified projects that create maximum financial, economic and social impact.
NDC shall encourage and promote partnerships with private and public sectors.
NDC shall engage competent and qualified professionals and at all times, be the model of excellence in serving the interests of its stakeholders.