Quantcast
Latest Stories

STI to acquire West Negros University

By

Photo from STI website

MANILA, Philippines—The STI Group led by businessman Eusebio Tanco has obtained board approval to proceed with the acquisition of a controlling stake in 65-year-old West Negros University (WNU) in Bacolod City.

In a disclosure to the Philippine Stock Exchange on Thursday, STI Education Systems Holdings Inc. said its board had approved the purchase from the Agustin family of a controlling stake in WNU, recognized as one of the biggest universities in Negros Occidental and in Bacolod City. The university is accredited by the Philippine Association of Colleges and Universities-Commission on Accreditation (PACUCOA) for several of its colleges.

WNU’s eight colleges – the College of Education, College of Engineering, College of Criminal Justice Education, College of Arts and Sciences, College of Business and Management, College of Nursing and Allied Health Sciences, College of Maritime Studies, and College of Information Technology – offer 28 associate and bachelor’s degree programs. WNU also has a School of Graduate Studies with masteral programs in Education, Public Administration, Nursing and English, as well as doctorate programs in Educational Management and Public Administration.

Meanwhile, STI also disclosed its purchase of a 40-percent interest in a holding firm that owns a 20 percent equity in Unlad Resources Development Corp., the property arm of Philippine Women’s University. This increased STI’s stake in Unlad to around 40 percent, Tanco said.

STI earlier said it was positioning itself for another banner year this 2013, banking on fresh capital that would enable it to roll out an expansion program. The core of its investment strategy lies in the acquisition of new properties where it could expand existing schools by building new and bigger campuses.


Follow us on Facebook Follow on Twitter Follow on Twitter




Recent Stories:

DoH denies Filipino nurse no longer positive for MERS virus 39 mins elapsed EXO postpones release of mini album ‘Overdose’ 41 mins elapsed Suspected militant, son killed in Thailand’s south 1 hour elapsed Iran mother spares life of son’s killer after campaign 1 hour elapsed Japan to hunt fewer whales in Pacific this season 1 hour elapsed Deal brings no immediate change to eastern Ukraine 1 hour elapsed China says one-fifth of its farmland is polluted 1 hour elapsed Pakistani madrassa names library after Bin Laden 1 hour elapsed
Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Education , infotech , News , STI Education Systems , West Negros University

  • Roger Kaputnik

    akala ko palugi na tong STI

  • pugadlawin

    Bigger campus does NOT mean BETTER!

    STI should ensure quality affordable education which has been the tradition of West Negros.

    • JV7797

      QUANTITY / SIZE doesn’t equate QUALITY education!

      • pugadlawin

        Indeed.



Copyright © 2014,
.
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement Advertisement
  1. Netizens seethe over Aquino’s ‘sacrifice’ message
  2. Did Deniece Cornejo lambast Vhong Navarro on social media?
  3. Facebook rolls out ‘nearby friends’ feature
  4. Mommy Dionisia sings ‘Riking Bull,’sends netizens ablaze
  5. Taylor Swift tries video blogging, crashes into fan’s bridal shower
  6. Filipinos #PrayForSouthKorea
  7. Nokia recalls 30,000 chargers for Lumia 2520 tablet
  8. Tech company: Change passwords or suffer ‘Heartbleed’
  9. Mommy Dionisia Pacquiao scores, takes over social media
  10. DOF: Tagaytay, QC best at handling funds
  1. Did Deniece Cornejo lambast Vhong Navarro on social media?
  2. Mommy Dionisia Pacquiao scores, takes over social media
  3. Nude and so dangerous
  4. Mommy Dionisia sings ‘Riking Bull,’sends netizens ablaze
  5. Memes flourish after Pacquiao victory
  6. Netizens react to Pacquiao’s victory over Bradley
  7. IT technician found guilty of defrauding firm of P130,000
  8. Philippines may watch ‘blood moon’ online
  9. Samsung flagship smartphone goes on sale worldwide
  10. Heartbleed bug and what you need to know
  1. #RejectedBbPilipinas2014Questions flood Twitter
  2. Did Deniece Cornejo lambast Vhong Navarro on social media?
  3. Netizens fall in love with Crimea prosecutor Natalia Poklonskaya
  4. Mommy Dionisia Pacquiao scores, takes over social media
  5. Nude and so dangerous
  6. Mommy Dionisia sings ‘Riking Bull,’sends netizens ablaze
  7. Why didn’t missing jet passengers use their cellphones?
  8. Russia tries to curb Crimean prosecutor’s Internet fame
  9. Memes flourish after Pacquiao victory
  10. Netizens thank Capa for Lee arrest

News

  • Suspected militant, son killed in Thailand’s south
  • Iran mother spares life of son’s killer after campaign
  • Japan to hunt fewer whales in Pacific this season
  • Deal brings no immediate change to eastern Ukraine
  • China says one-fifth of its farmland is polluted
  • Sports

  • Pacquiao shorts in Bradley fight sold for P1.7M in LA auction
  • Ryu pitches Dodgers past Giants
  • Alonso sets the pace in Chinese GP practice
  • Heat seek Three-peat but Spurs, Pacers top seeds
  • Can Spurs get back at Heat? Can they survive West?
  • Lifestyle

  • Levine designs womenswear with help from fiancee
  • Gabriel Garcia Marquez, Nobel laureate, dies at 87
  • Ford Mustang turns 50 atop Empire State Building
  • Pro visual artists, lensmen to judge Pagcor’s photo contest
  • ‘Labahita a la bacalao’
  • Entertainment

  • EXO postpones release of mini album ‘Overdose’
  • ‘X-men’ filmmaker slams ‘fabricated’ sex attack claims
  • Singer Chris Brown’s bodyguard on trial in DC
  • Whoopi Goldberg debuts as marijuana columnist
  • ‘X-men’ director accused of sex assault on teen boy
  • Business

  • Italy sells luxury state cars on eBay
  • Asian shares mostly up in quiet trade
  • Dollar up in Asia on US jobs data, Ukraine deal
  • Barbie doll has a problem
  • Oil prices mixed ahead of long Easter weekend
  • Technology

  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Filipinos #PrayForSouthKorea
  • Taylor Swift tries video blogging, crashes into fan’s bridal shower
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
  • ‘Agnihotra’ for Earth’s health
  • It’s the Holy Week, time to think of others
  • Global Nation

  • DoH denies Filipino nurse no longer positive for MERS virus
  • WHO warns vs spread of MERS-Cov, urges vigilance in taking precautions
  • Last call for nominations to ’14 Presidential Awards
  • San Francisco business coalition slams proposed tax on sugary drinks
  • A ‘time-travel’ production of ‘Les Miserable’ at Stanford
  • Advertisement
    Marketplace