2013-09-25
STI Education Services Group (STI) has completed the construction of the STI Academic Center campus in Ortigas Cainta, Rizal, marking the start of the school's operations in time for school year 2013-2014.
The campus sits on a sprawling four hectare property that features two buildings: a three-storey edifice which now houses the headquarters of STI, a subsidiary of public listed company STI Education Systems Holdings Inc., and a seven-storey building which houses the school. The new campus, which promises to be one of the most modern education facilities in the country, can accommodate 7,000 students.
It will have LED monitors installed in every classroom, hot and cold kitchen laboratories, fully-equipped computer laboratories and science laboratories, a library containing a wide array of research materials and internet connection, stylish students' lounge, and free Wi-Fi access.
The new campus is strategically located to cater to students residing in the eastern side of Metro Manila. It is about three to five minutes away from Robinsons Place Cainta and around 100 meters away from the Cainta Main Junction.
STI Academic Center Ortigas-Cainta offers the following courses: Bachelor of Science in Tourism Management, Bachelor of Science in Hotel and Restaurant Management, Bachelor of Science in Computer Science, and Bachelor of Science in Information Technology. Two-year courses on Tourism and Events Management, Computer and Consumer Electronics, Information Technology, and Hospitality and Restaurant Services will likewise be available.
Also expected to be completed this year is the construction of the 11-storey STI Academic Center-Caloocan. The campus, which sits on a one and a half hectare property located on Samson Road, Caloocan city will be completed in October and accommodate about 10,000 students. It will also have state of the art facilities.
Meanwhile, preparations for the construction of school campuses in Cubao, Las Pinas, Calamba and Lucena are in full swing. These campuses are expected to be ready for school year 2014-2015.
"Our expansion strategy reflects our commitment to education and the future of our youth. We aim to continually improve our facilities and upgrade the quality of education we deliverÂ. Mr. Monico V. Jacob, President of STI, said in an interview.
ââ¬ÅSince 2009, STI has upgraded its campuses to full-fledged Academic Centers in Global City, Naga, Fairview, Alabang, and Novaliches. STI is set to continue its aggressive campus expansion programs and develop more academic centers in strategic locations across the country in the coming years,Mr. Jacob added.
STI is a main revenue driver of parent firm STI Holdings, a Tanco-led Group. For fiscal year ending 31 March 2013, STI Holdings earned P794 million in net income on revenues of P1.670 billion.
STI Holdings net income increased by 171% percent, or P502 million, while revenues grew by six percent or P93 million from 31 March 2012. Both growths were driven by its education arm.
