iTech Solution
  • Blog
  • About iTech Solution
  • Contact Me
  • Disclaimer

Acquisition of PSBA to Bolster the Young Filipino Business Mindset—STI Education Systems Holdings, Inc.

3/1/2024

Comments

 
Acquisition of PSBA to Bolster the Young Filipino Business Mindset--STI Education Systems Holdings, Inc.
STI Education Systems Holdings, Inc., owner of the largest network of private schools in the Philippines, stated that the company’s decision to acquire the Philippine School of Business Administration (PSBA) in both Quezon City and Manila, is a strategic move aimed at bolstering business and entrepreneurship education in the country.
Last Tuesday, STI Holdings informed the Philippine Stock Exchange (PSE) that a term sheet for the takeover of PSBA, which includes the 61-year-old school's operations as well as the acquisition of licenses, trademarks, trade names, and other assets related to the school, was approved by the board.

According to Monico V. Jacob, President of STI Holdings, the decision was made in reaction to a discernible shift in the attitudes of Filipino Gen Zs, who are increasingly indicating a preference for entrepreneurship over traditional corporate career paths.

"We are now seeing how the landscape of employment evolves. It makes sense that education must evolve as well. The acquisition is a significant step in this direction for the company," he said.
​
The younger generation's propensity for entrepreneurship is supported by a survey done by PhilCare, a STI Holdings affiliate and leading HMO, which found that Filipino Gen Z, millennials, and Gen Xers have a strong desire to start their own businesses.

According to the PhilCare study, Filipino Gen Z members showed a high tendency towards creating their own businesses, indicating a definite preference for entrepreneurship. This was closely followed by the preference for many part-time jobs, or "gigs," a preference for autonomous work over collaborative settings, and a desire for flexible work arrangements over strict schedules.

This trend was also evident among other Filipinos, according to a different survey that PhilCare also commissioned. It showed that a significant 53% of respondents from the millennial and Gen X cohorts strongly preferred entrepreneurship over traditional employment.

Jaeger Tanco, President of PhilCare and Vice President for Investor Relations at STI Holdings, emphasized that this trend underscores the importance of the education sector adapting to meet evolving demands, with entrepreneurship offering significant potential for economic growth and job creation.

"Our studies show that for many young Filipinos, entrepreneurship is not just a college course or a subject; it has become a mindset. Institutions must reimagine their role in shaping the future workforce. It's no longer enough to impart knowledge; we must must also nurture this entrepreneurial spirit through hands-on experiences, mentorship programs, and real-world challenges," he said.

Founded in 1963, PSBA has evolved into one of the country's premier business schools, offering a range of undergraduate and graduate programs, including Accountancy, Business Administration, and specialized MBA programs.

STI Holdings owns three major institutions in the education sector: STI Education Services Group, STI West Negros University, and iACADEMY, offering a diverse array of programs from ICT to business and design.

The acquisition of PSBA by STI Holdings, subject to regulatory approvals and final agreements, marks a significant expansion in the educational portfolio of the company, aligning with its commitment to provide quality education and meet the evolving needs of the workforce.

Recent financial disclosures from STI Holdings reveal robust growth, with a net income after tax of PHP 517.8 million for the six-month period ended December 31, 2023, representing a remarkable 132% increase from the previous year.

The surge in enrollment numbers, surpassing the six-digit mark for the 2023–2024 academic year, has been a key driver of this financial success, indicating strong demand for educational offerings provided by STI Holdings.
Comments
    ​PLACE YOUR ADS HERE
     Join and Subscribe to my Newsletter.
    It's FREE!

      EMAIL SUBSCRIPTION

    Subscribe to Newsletter
    ABOUT THE 
    ​
    BLOGGER
    www.itechsolutionph.com
    Hi, I'm Ralph Gregore Masalihit!
     
    An RFP Graduate (Registered Financial Planner Institute - Philippines).

    A Personal Finance Advocate. An I.T. by Profession. An Investor. Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy).
    ​
    ​Currently, I'm working my way toward time and financial freedom.
    CONNECT
    ​WITH ME
    ​Follow me on
    LINKEDIN
    ​FACEBOOK x
    itechsolutionph.com


    Tweets by itechsolutionph
    ​PLACE YOUR
    ADS HERE
    PLACE YOUR
    ADS HERE

    Categories

    All
    Adobe
    AI
    Amazon
    Amazon Web Services
    AMD
    Artificial Intelligent
    ASP
    Business
    CIMB
    Cloud
    Computer Programming
    Computer Troubleshooting
    Computer Virus
    Corporate
    Cybersecurity
    Domain Name
    E Books
    E-books
    Entrepreneur
    Facebook
    Finance
    GCash
    GCredit
    Google
    Google Adsense
    Google Analytics
    Google Philippines
    Information Technology
    Instagram
    Internet
    Investments
    Linux
    Macintosh
    Malware
    Meta
    Microsoft
    Monetization
    MySQL
    Nod.ai
    NVidia
    Oracle
    Oracle Certified
    PLDT
    Programming Language
    Search Engine Optimization
    SEO
    SERP
    Smart Communication
    Smartphone
    SQL
    SQL Server
    Tech Innovators
    Technology
    VBScript
    Web Hosting
    Website Builder
    Weebly
    Windows

    Archives

    October 2025
    September 2025
    August 2025
    July 2025
    June 2025
    May 2025
    April 2025
    March 2025
    February 2025
    January 2025
    December 2024
    November 2024
    October 2024
    September 2024
    August 2024
    July 2024
    June 2024
    May 2024
    April 2024
    March 2024
    February 2024
    January 2024
    December 2023
    November 2023
    October 2023
    September 2023
    August 2023
    July 2023
    June 2023
    May 2023
    April 2023
    March 2023
    February 2023

Copyright © 2011 - 2025 iTech Solution. All Rights Reserved.

For comments and suggestions, please send your email to the Web Administrator.

Should any problems arise with regard to your viewing experience, please report it to us. Thank you!


Designed and Developed by iTech Solution

  • Blog
  • About iTech Solution
  • Contact Me
  • Disclaimer