Livelt Investments, a unit of conglomerate Ayala, is set to commence its secondary education venture at the start of the school year in July, as it plans to spend an initial $1.2 million to put up schools in the densely populated areas around Metro Manila. Alfredo Ayala, CEO of LiveIt, said the joint-venture with Lo
Livelt Investments, a unit of conglomerate Ayala, is set to commence its secondary education venture at the start of the school year in July, as it plans to spend an initial $1.2 million to put up schools in the densely populated areas around Metro Manila.
Alfredo Ayala, CEO of LiveIt, said the joint-venture with London-based Pearson Plc. will put up 12 schools in Metro Manila, which will provide “affordable” education from Grades 7 to 12.
Ayala said the school, which will be under the brand Affordable Private Education Centers, or APEC, will start operation in July.
“Our value proposition is your student will have the option to either directly go to professional job in banking, telecommunications, information technology, business process outsourcing or if they want to continue to college-level education, they will have that option, as well,” he said.
The school will have an initial 12 branches in places such as Quezon City, Caloocan, Marikina City and Pasig City. Each branch is expected to have an average of 200 to 300 students each, with a 40-student-per-room ratio.
Ayala said the company may put up 12 more schools by next year.
When fully operational, Ayala expects to have 2,000 to 3,000 students in its school network.
The said school is joint venture: 60% owned by the education unit of LiveIt and the rest by Pearson.
Ayala said LiveIt will invest a total of $4 million in the venture, while the partner will turn in about $2.6 million to be used for operations, curriculum development, teacher training, among others.