 In 1931, the Bachelor of Science in Commerce degree was first conferred after a third year was added to the initial two-year program.In 1957, the College underwent its formal first survey by the Philippine Accrediting Association of Schools, Colleges, and Universities (PAASCU).Now known as the College of Business and Economics, it is home to two academic departments, which have been recognized by the Commission on Higher Education as Centers of Development, Business Management and Economics.