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Driving sustainable industrial growth and strategic investments
for a prosperous and self-reliant Philippines.
Tracing the journey of National Development Company through the decades
The National Development Company (NDC) was established on November 6, 1937 under Commonwealth Act No. 182. It was created to assist in the economic development of the Philippines by engaging in industrial, agricultural, and mining ventures. NDC became the government's primary investment arm, laying the foundation for state-led industrialization.
Empowered by Philippine laws and executive orders to drive national development
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.
See PD 1648 (Revised Charter) →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 ₱50 Billion for the development of the agriculture and agrarian sectors.
See Executive Order No. 83 →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.
See Executive Order No. 530 →Authorizing the National Development Company (NDC) to issue Bonds for Infrastructure Projects.
See Executive Order No. 824 →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".
See Executive Order No. 824-A →NDC is the Philippines' leading state-owned enterprise investing in diverse industries, serving as an effective catalyst for inclusive growth.
Enabling industry development, spurring local economies
✓ We are committed to fulfill NDC's vital role in the over-all economic development of the country.
✓ We advocate excellence, teamwork, and accountability to advance the interests of our stakeholders.
✓ We will invest in our human capital as it is our most valuable resource.
Notice to GOCCs re Transmittal of Digital Copy of Pledge
Download Pledge Document →We are committed to serve as a reliable partner of both public and private sectors in sustaining the country's socio economic development efforts.
To uphold this commitment, we shall:
Continuously invest in strategic priority areas that will sustain our fund generation activities.
Practice prudence in handling corporate resources to warrant maximum public impact.
Establish mechanisms and procedures that reinforce learning, continual improvement and risk-based thinking.
Ensure business plan continuity, responsiveness and transparency in accordance with NDC's code of corporate governance.
Advocate excellence, accountability, and teamwork to advance the interest of our stakeholders.
Invest in our human capital as it is our most valuable resource.