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STI's PSBA taps CPAR for accounting education

Business | The Stock Market

STI's PSBA taps CPAR for accounting education

By James A. Loyola

Businessman Eusebio Tangco’s STI Education Systems Holdings, owner of the largest network of private schools in the country, has signed a memorandum of agreement (MOA) with the Philippine School of Business Administration (PSBA) and CPA Review School of the Philippines (CPAR) to revolutionize accounting education in the Philippines.

STI-led PSBA Photo.jpg — In the photo (from left, seated) are STI Education Services Group (STI-ESG) Chairman Emeritus and concurrent PSBA Chairman Eusebio Tanco; STI-ESG Vice-Chairman and CEO and concurrent PSBA President Monico Jacob, and Atty. Christopher Llamado of CPAR. Witnessing the signing is STI Holdings Director Vanessa Tanco.

In a statement, STI said this move comes less than a month after STI's move to manage and operate PSBA, signifying a swift effort to enhance PSBA's legacy.

Under the MOA, PSBA's School of Accounting will undergo a significant transformation, adopting the name CPAR School of Accounting.

An innovative aspect of this partnership is the involvement of CPAR, a renowned review center responsible for producing numerous CPA topnotchers in the Philippines.

This collaboration aims to revitalize PSBA's College of Accountancy, leveraging CPAR's expertise in CPA exam preparation.

Looking ahead, the management of PSBA under STI is poised to introduce a wave of innovations across various courses and colleges within the institution.

STI's approach to education emphasizes the integration of technology to enhance learning experiences and outcomes.

Furthermore, STI's management of PSBA will prioritize the enhancement of academic programs and curricula to ensure relevance and alignment with industry demands.

Last February, STI disclosed to the Philippine Stock Exchange that it is acquiring PSBA in Manila and Quezon cities after its board of directors ratified the execution of a term sheet with PSBA Manila and PSBA Quezon City.

The term sheet covers the takeover by STI of the operations of PSBA as well as the acquisition of licenses, trademarks, trade names and school-related assets owned by PSBA.

Related Tags

Philippine School of Business Administration - Manila STI Education Systems Holdings Inc. CPA Review School of the Philippines

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