For example, Kwon Ka-young, a Korean university student who went to the Philippines last year to volunteer and study English said: “Studying in the Philippines helped me not only to improve my English skills but also to become more of a global citizen.” Aside from Koreans, an increasing number of Americans, Koreans, Taiwanese, Chinese, and other foreigners also pursue their education in the country.
Why do some 5, 000 foreign students study here in the Philippines? Few countries in Asia can match the country when it comes to providing quality education and fun at the same time. As the world’s 3rd largest English-speaking nation, the Philippines provides huge knowledge resources, up-to-date instruction, and a multicultural learning atmosphere with its 93.9% literacy rate. It is home to a number of ISO-certified universities and 275 higher educational institutions identified as Centers of Excellence and Centers of Development. There are also several international schools in the Philippines which are on American, British, German, Chinese, French, and Japanese educational tracks.
The business and accounting schools in the country adhere to the US’ Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) while the engineering and marine schools are included in