UST Faculty Union

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

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…
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Faculty union maintains stance on UST’s unrestricted assets, says it’s ‘a matter of priorities’

Faculty union maintains stance on UST’s unrestricted assets, says it’s ‘a matter of priorities’

DAYS AFTER the University affirmed that its unrestricted net assets could not be used for restructuring and rank upgrades, the faculty union argued that UST’s investment records indicate available resources, calling its decision to prioritize long-term assets over “urgent” faculty concerns as “a strategic choice” rather than a limitation. In…
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‘False,’ ‘misleading:’ UST refutes claims on tuition hike allocation, P12 billion ‘unrestricted earnings’

‘False,’ ‘misleading:’ UST refutes claims on tuition hike allocation, P12 billion ‘unrestricted earnings’

THE UNIVERSITY has denied having P12 billion in “unrestricted earnings” it can use as an alternative source to the 70% tuition hike share for salary restructuring and rank upgrades. According to UST, allegations that funds for rank upgrades and restructuring could be sourced alternatively from the University’s P12 billion unrestricted…
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