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No ‘stockpiled’ cash: UST says money reinvested in education, operations

Summary by varsitarian.net

THE UNIVERSITY pushed back anew against claims it had P12 billion sitting in banks, asserting on Friday that its revenues are being spent on educational development and operations. UST also debunked “misleading claims” its short-term investments and historical net asset growth meant it had liquid funds lying around and available for faculty salary restructuring. “A recent statement suggests that short-term investments and increases in net assets…

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The Flame

UST says ‘full context’ needed in understanding its financial status to avoid misconceptions

UST HAS urged the public to analyze financial data and public statements in their entirety, saying selectively citing figures from its audited financial report without understanding their operational functions causes misconceptions. The University said mistaking its short-term investments and net asset increases for “idle funds” fails to account for its comprehensive financial standing, apparently responding to […] The post UST says ‘full contex…

22 hours ago

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