MANILA, Philippines - The Commission on Higher Education (CHED) has issued a final order for the closure of the Bachelor of Science in Business Administration (BSBA), the Master in Business Administration (MBA), and Doctor of Philosophy in Management (PhD in Mgmt) of the International Academy of Management and Economics (IAME).
In a notice to the public issued by CHED chairperson Dr. Patricia Licuanan, she announced that the commission had denied with finality the appeal filed by IAME on the phaseout order issued by CHED almost a year ago, Feb. 28, 2011.
The closure order on the said academic programs was issued, Licuanan said, due to gross and serious violations and continuous defiance, and non-compliance by the institution of CHED Policies, Standards and Guidelines (PSG).
“Thus, the Commission has ordered that IAME can no longer admit any new students effective AY 2011-2012,” Licuanan said.
“However, IAME shall effect the transfer of all its existing students to other HEIs with recognized programs by the end of AY 2011-2012, but meanwhile allow them to complete their enrolled courses this AY in consonance with Section 69 of BP (Batas Pambansa) 232,” Licuanan said.
“Those students in good standing who shall satisfactorily complete all the academic requirements of their respective courses by the end of AY 2011-2012, may still be conferred their graduate and undergraduate degrees by the IAME upon completion of all pertinent requirements for graduation, as certified to by the IAME Registrar based on valid and duly reconciled scholastic records,” Licuanan said.
CHED, it was learned, had also prohibited IAME from offering any extension classes with any higher education institution through any mode of delivery of educational services, and stop any existing extension classes.
“The Commission on Higher Education hereby issues this Notice for the information and guidance of all concerned, to forewarn the general public about the status of Business courses of the IAME in order to safeguard the welfare of enrolling students and their parents, and to announce that IAME is prohibited from holding Extension Classes or similar activities in any part of the country, for which higher education Business degrees are being granted,” Licuanan said.
“Any further violations of this prohibition by any public or private higher education institution shall be dealt with and sanctioned accordingly. The Public is encouraged to report such violations to the CHED Regional Office concerned,” Licuanan ordered.