FEU Secures P1-B Expansion Loan

The Far Eastern University, Inc. (FEU), a private non-sectarian educator with primary focus on tertiary learning and houses 30,000 students under its corporate umbrella, signed yesterday a P1-Billion 5-year Term Loan Facility with Bank of the Philippine Islands.

The proceeds of the loan will be used partly to finance FEU's expansion in Metro Manila.

In recent years, the institution has been active in exploring growth avenues by exploring strategic geographical segments, forming partnerships and expanding its program offerings.

In 2010, FEU established a Makati campus to cater to business students and a Silang, Cavite campus to offer a full range of course offerings from pre-school to tertiary education in Southern Luzon. Its Makati branch also hosts the culinary arts school, "ICF@FEU", a joint venture between FEU and PHI Culinary Arts and Food Services Institute, Inc. In November this year, FEU announced its plans to put up a new campus in Alabang, Muntinlupa City to be located in a 1.8 hectare parcel of land in Filinvest Corporate City.

FEU is one of few educational institutions listed in the Philippine Stock Exchange (PSE:FEU). As of its September 30, 2012 company filing, its total assets amounted to P4.87 billion with combined revenues of P1.07 billion for the first half of the year, 9.7% up from the same period in 2011. Its first-half net income of P375.7 million is likewise up by 21.7% from R308.5 million last year.

Loading...

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • Muslim group calls for universal peace
    Muslim group calls for universal peace

    As predominantly Catholic Philippines and the rest of the Christian world observe the Holy Week, peace advocates like the Young Muslim Professionals Network (YMPN) are appealing to Filipinos of various creeds and persuasion to embrace the universal message of kindness, love and peace. The group issued the call as peace negotiations between the government and the Moro Islamic Liberation Front teeter due to the Mamasapano incident where members of the rebel group killed 44 police commandos on a …

  • Ex-WB exec pushes BBL passage
    Ex-WB exec pushes BBL passage

    A former World Bank official has warned of dire consequences for the Philippines if the proposed Bangsamoro Basic Law (BBL) is not passed into law. Nigel Roberts, former director on conflict, security and development, said that more conflict could occur without the BBL. “It takes about 15 years to get back to pre-conflict GDP growth rates, and 20 years for trade to recover,” Roberts said in his blog at the World Bank website. The World Bank estimated that economic losses amounted to $10 …

  • Despite typhoon, summer is here
    Despite typhoon, summer is here

    Super Typhoon Chedeng roared toward Luzon as the weather bureau announced the official start of summer in the country yesterday. The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) announced yesterday the official start of the dry or summer season in the country due to the termination of the cold northeast monsoon. “The general public is advised to take precautionary measures to minimize heat stress and take note of the need in optimizing the daily use of …

  • Noy told: Just answer the questions
    Noy told: Just answer the questions

    Just answer the 20 questions. The Makabayan bloc of seven party-list representatives made this appeal to President Aquino yesterday after his spokesman claimed the Chief Executive has already answered most of the questions posed by the militant lawmakers regarding the Mamasapano incident. For instance, he said the President has not yet explained why he allowed then suspended Philippine National Police chief Director General Alan Purisima to take the lead in Oplan Exodus or the mission to …

  • DFA: Malaysia paying rent for Sabah
    DFA: Malaysia paying rent for Sabah

    Malaysia does not acknowledge the Philippine claim over Sabah but the Department of Foreign Affairs (DFA) maintained yesterday that the Malaysian government is paying rent for Sabah, indicating it rightfully belongs to the Philippines. The Malay Mail Online reported that Malaysian Foreign Minister Datuk Seri Anifah Aman said Malaysia has not and does not acknowledge the Philippine claim over Sabah when asked by media about the reported offer of the Philippine government to downgrade its Sabah …

  • 63 OFWs returning from Yemen
    63 OFWs returning from Yemen

    Sixty-three overseas Filipino workers (OFWs) are set to return home from war-torn Yemen, Labor Secretary Rosalinda Baldoz said yesterday. Baldoz said the licensed recruiters of the OFWs have assured the government of their immediate repatriation. Administrator Hans Cacdac of the Philippine Overseas Employment Administration has ordered the recruitment agencies to fulfill their obligation to bring home the OFWs. Baldoz called on Filipinos still in Yemen to avail themselves of the government’s …

  • Jinggoy gets furlough for shoulder checkup
    Jinggoy gets furlough for shoulder checkup

    Despite opposition from ombudsman lawyers, the Sandiganbayan yesterday granted detained Sen. Jinggoy Estrada’s request to undergo a medical checkup at the Cardinal Santos Memorial Hospital. Estrada was allowed to undergo a medical examination for pain in his left shoulder from 3 p.m. to 6 p.m. The senator was ordered to shoulder the expenses incurred by the Philippine National Police in  escorting him. In a pleading filed Monday with the anti-graft court’s Fifth Division, Estrada’s lawyers …

  • Tekken’s Josie Rizal gets flak
    Tekken’s Josie Rizal gets flak

    A professor of the University of the Philippines yesterday hit the portrayal of a Filipino character, whose name was based on Jose Rizal, in a Japanese-produced video game. “(It’s) offensive and unsuited for a big company like Bandai because they have the money to do research,” Gonzalo Campoamor II, professor of Life and Works of Rizal in UP Diliman, told The STAR. Japanese giant Namco Bandai recently introduced Josie Rizal, the first Filipino character in the popular fighting game franchise …

POLL

Should Aquino be held accountable over the Mamasapano operations?

Loading...
Poll Choice Options