In photo are (seated from left, counterclockwise) STI Holdings director Vanessa Tanco, STI vice chairman and CEO and concurrent PSBA president Monico Jacob, Eusebio Tanco, Tan, Vivian Ruiz of SGV, Martin Guantes of SGV, Florencio Christopher Lim of PSBA, Noel Rabaja of SGV, Atty. Carol Racelis of SGV, STI Holdings chief financial officer Yollie Bautista, and STI vice president Elbert de Guzman.
The Philippine School of Business Administration (PSBA) chairman, Eusebio Tanco, and SGV Foundation chairman and president Wilson Tan led the signing of an agreement to establish a scholarship program for deserving students pursuing degrees in Accountancy.
Under the partnership, the SGV Foundation will pledge financial assistance to PSBA to support the education of qualified students over four academic years from 2024 to 2027. The scholarship program will cover total tuition fees, school-mandated miscellaneous expenses, and other financial support.
Tanco emphasized the urgency of addressing the looming shortage of Certified Public Accountants (CPAs) in the Philippines, particularly as many seek opportunities abroad.
He said, "As the demand for CPAs continues to rise globally, educational institutions must invest in producing quality professionals to fill this crucial gap. We are honored to collaborate with SGV Foundation in this endeavor to provide opportunities for deserving students to pursue their dreams of becoming certified public accountants."
In response, Mr. Wilson underscored SGV Foundation's commitment to supporting education and promoting excellence in accounting.
He said, "SGV Foundation is proud to partner with STI and PSBA in this noble cause. By investing in the education of future accountants, we join Mr. Tanco in his mission for the country to continue producing quality CPA professionals who will contribute to the growth and development of our nation."
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