FEU taps P1-billion, 5-year loan facility

MANILA, Philippines - The Far Eastern University Inc. (FEU) has signed a P1-billion, five-year term loan facility with the Bank of the Philippine Islands (BPI). The proceeds of the loan will be used partly to finance FEU’s expansion in Metro Manila. 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 2013, FEU 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.