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Foundation
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The Nayong Pilipino Foundation Inc. (NPFI) was established primarily for
the promotion of research development project on social sciences,
humanities and other related fields. It was registered with the Securities and
Exchange Commission on May 7, 1969, as a non-stock, non-profit
corporation.[2] Then-President Ferdinand Marcos issued Presidential
Decree No. 37 establishing the Nayong Pilipino Foundation on November
6, 1972. Within the same year, the organization was given a 45.9 hectares
(113 acres) of land in Pasay, a portion of which stood the Nayong Pilipino
Cultural Park.
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Nayong Pilipino Foundation
It’s purpose is to faithfully represent the various cultures, arts, and industries of
the Filipino people; it is the replica of the various regions of the Philippines.
(c) To encourage and facilitate the active participation of the domestic and
foreign sectors in furnishing financial, technical and other forms of assistance for
the Foundation's social welfare programs;
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(d) To promote and encourage the dissemination of the results of its researches and
studies in social sciences and humanities and to encourage their practical application
to problems of the masses;
(f) To establish parks and recreation centers for the promotion of tourism in this
country; and
The NPF under that board entered into an agreement with Landing
Resorts Philippines Development Corp., a locally based subsidiary of
Hong Kong-based Landing International Development Ltd. which is a
holder of a provisional license to operate a casino issued by
the Philippine Amusement and Gaming Corporation. Under the deal,
the NayonLanding, a mixed-use development consisting of a casino, a
resort, a cultural park and an indoor theme park will be built. The
groundbreaking for the complex took place on August 7, 2018. The
following day, the members of the whole board were dismissed from
their post by President Duterte over alleged irregularities on the lease
contract.