THE UNIVERSITY conferred a Doctor of Commerce honoris causa degree on Alice Eduardo, founder of Sta. Elena Construction and Development Corp., in a solemn investiture on Tuesday, Sept. 30 at the Dr. Robert Sy Grand Ballroom of the Buenaventura Garcia Paredes, O.P. Building.
Eduardo, who graduated from the College of Commerce and Business Administration in 1986, founded her construction firm in 1995, going on to build malls, expressways, and high-rise developments.
In her acceptance speech, Eduardo urged students to use their education to prepare for a “fast-changing world” by taking on roles of leadership and innovation.
“Success is not measured solely by wealth, titles, or accolades. It is measured by the lives you’ve touched, the integrity with which you act, and the values you uphold,” she said.
Eduardo described her journey as not a “straight line of certainty,” as it was marked by both setbacks and breakthroughs.
“Never in my wildest dreams did I imagine that I would be blessed to become the founder and [chief executive officer] of Sta. Elena Construction and Development Corporation,” she said.
Eduardo recalled that her parents once hoped she would become a physician, but she was led to the field of business.
“They envisioned me with a stethoscope around my neck, diagnosing illnesses, and bringing healing to patients. Life, however, had other plans for me. I never became a doctor in medicine; instead, faith has led me here today to receive an honorary doctorate degree in commerce,” she said.
UST Rector Fr. Richard Ang, O.P. led the imposing of the hood, cap and medallion, and the awarding of the diploma.
“Her philanthropic efforts in education, health care, disaster relief, and support for the Church speak volumes about the kind of leader she is, one who builds not just physical structures, but communities and families,” Ang said in his speech.
Eduardo has been mentoring 10 students from Commerce in her enterprises.
“In doing so, she continues to invest in the future by nurturing the next generation of business leaders who will carry forward her legacy rooted in excellence and Catholic ideals,” Ang added.
Eduardo was conferred the honorary degree upon the recommendation of the College of Commerce and Business Administration.
Commerce Dean Al Faithrich Navarrete read Eduardo’s diploma.
In an interview with the Varsitarian, Navarrete described Eduardo as a fitting honoree, citing her character, values, and achievements.
“She anchors everything she does with her Catholic faith, and we believe she is a good representation of a Commerce graduate,” he said.
In 2018, Eduardo was named one of Forbes Asia’s “Heroes of Philanthropy,” and in 2023, she received PeopleAsia’s Lifetime Achievement Award.
Eduardo was also honored with The Outstanding Thomasian Alumni (TOTAL) Award in 2024, the University’s highest recognition for alumni who have significantly contributed to society and the Church.
“This kind of award is priceless, and I will carry it with pride for the rest of my life,” Eduardo told the Varsitarian.
Eduardo is the 81st individual to receive an honorary doctorate from UST, a distinction awarded to those who have made notable contributions to their field or to society. Czeantal Naomi P. Delos Santos with reports from Carlo Jose H. Ruga and Amador Denzel M. Teston
