Philippine Daily Inquirer / 04:18 PM April 30, 2018
The Ayala group has completed its acquisition of National Teachers College (NTC), expanding its contribution to the education space, a catalyst for productivity and nation-building.
Through AC Education Inc. (AEI), the country’s oldest business conglomerate gained control of 96 percent of NTC, which has around 10,000 students from basic to higher education.
NTC was founded in 1928, the first school in the country to offer General Education leading to a Bachelor of Science in Education. It has a long track record of commitment to excellence in teaching, growth and inclusion. The institution has about 3,500 Education students in both college and graduate programs. It also offers programs in Accountancy & Business, Arts & Science, Hospitality Management and Information Technology.
“We are very grateful that several groups had expressed their sincere interest in continuing the legacy of National Teachers College as established by our forebears. In selecting the buyer who shall acquire the shares of NTC, it was important to look not only at the capability to expand the school’s horizons, but also at the alignment of values and vision for raising our Filipino youth to be excellent teachers, industry leaders, or capable, competent individuals, whatever path they may choose,” outgoing NTC chair Rolando de Castro said in a press statement on Monday.
During its first organizational meeting, the new NTC board elected AEI’s chief executive officer, Alfredo Ayala, as its chair and president.
“We are very pleased to be part of NTC, given its 90-year heritage, excellent track record and well-known brand in teacher education, its new and fast-growing programs in business and information technology, well-regarded faculty who are steeped in both theory and experience, employees’ unflagging dedication and vibrant school spirit. We are committed to working closely with all of NTC’s stakeholders to fulfill the vision of its founders and continue its growth momentum,” Ayala said.
Ayala chair and CEO, Jaime Augusto Zobel De Ayala, added: “The Ayala Group is committed to investing in the education sector because we recognize that it is critical to building our nation. We believe that NTC can play an integral role in our efforts to contribute to a better education system in the Philippines, because of NTC’s long and successful track record in producing quality educators who go on to teach in both public and private schools.”