CHED orders Makati business school closed
MANILA, Philippines – The Commission on Higher Education (CHED) has ordered the closure of the International Academy of Management and Economics (IAME) in Makati City.
CHED, in a statement, said it has denied the appeal filed by IAME in relation to the Phase-Out Order.
CHED said IAME can no longer admit any new students effective Academic Year (AY) 2011-2012 due to the “gross and serious violations and continuous defiance, and non-compliance” to CHED’s policies in the following courses:
- · Bachelor of Science in Business Administration (BSBA)
- · Master in Business Administration (MBA)
- · Doctor of Philosophy in Management (Ph.D. in Mgt.)
However, CHED noted that IAME “shall effect the transfer of all its existing students to other higher-education institutions (HEIs) with recognized programs by the end of AY 2011-2012.”
IAME students should also be allowed to complete their enrolled courses this academic year.
Students who will satisfactorily complete all the academic requirements of their respective courses by the end of AY 2011-2012 may also be given their graduate and undergraduate degrees by the IAME, according to CHED.
CHED noted, however, that IAME is no longer allowed to offer any extension classes with any HEI.