The National Development Co. (NDC) has contributed P14 billion to government the past 10 years.
The government’s investment arm paid P1.49 billion in taxes and P4.31 billion in dividends and put in P8.6 billion in government equity in various investments between 2013 and 2022, a report showed.
The report said the total value of NDC’s recent investments and projects stood at P8.5 billion, of which 37 percent are in industrial estate development; 18 percent in innovation; 17 percent in infrastructure; 16 percent in renewable energy and the rest in mining, trading and meetings, incentives, conferences and exhibitions.
NDC has P18 billion current investments the biggest of which is the P7-billion vaccine project.
The NDC has been tasked to put in government’s counterpart for the establishment of a vaccine manufacturing facility to ensure the Philippines’ self-sufficiency and less reliance on the availability of imported vaccines for various diseases.
The project is for evaluation.
Another major investment of NDC is in San Carlos Bioenergy Inc. for a fuel ethanol distillery and co-generation, costing P2.9 billion.
NDC is also involved in an integrated palm oil plantation and mill project valued at P1.55 billion. – Irma Isip
