Philippine E-Journals

Fifty Years of Philippine Progress

Eufronio M. Alip

Discipline: History

 

Abstract:

Like many other young countries today, the Philippines has formed semi-government firms, both to help its young industries and to increase the opportunities for employment among its citizens. During the regime under the Jones Law and all through the Commonwealth period, Quezon and Osmena set up such firms under the control and supervision of the State. Among these were the Manila Railroad Company, the Manila Hotel, the National Development Company, the Cebu Portland Company the Philippine National Bank, and the National Trading Corporation.