STI Education Systems Holdings, Inc. opened two new academic centers this month as part of its nationwide expansion.
The listed company told the stock exchange on Tuesday it inaugurated an academic center in San Jose del Monte, Bulacan on Mar. 4 and another one in Sta. Mesa, Manila on Mar. 11, both accounting for a total investment of about P1.3 billion.
“In our pursuit of academic excellence, we constantly upgrade our campuses to deliver our promise and expand our geographical coverage to make real life education more accessible for the Filipino youth,” STI President and Chief Operating Officer Peter K. Fernandez was quoted as saying.
The two academic centers can accommodate a total of 15,000 senior high school and college students.
STI Holdings said senior high school, as well as tertiary courses in Information and Communications Technology, Business and Management, Tourism Management, Hospitality Management, Arts and Sciences and Engineering are offered in both campuses.
Aside from the two new academic centers in San Jose del Monte and Sta. Mesa, STI also has a presence in Batangas, Las Piñas, Calamba, Cubao, Lucena, Caloocan, Ortigas-Cainta, Novaliches, Fairview, Naga and Bonifacio Global City.
In the first three quarters ending December, the attributable net income of STI Holdings dropped 38% to P190.4 million due to the lower-than-expected turnout of college freshmen enrollees. — Denise A. Valdez