7 million net change in unrealized depreciation from portfolio investments and (ii) net unrealized depreciation from marketable securities and idle funds
investments of $0.
0 million and on the exits of marketable securities and idle funds
investments of $1.
Legarda said these idle funds
would have been put to better use if they had been utilised as originally intended.
The step was taken as several ministries sit on idle funds
for the greater part of the year which cannot be reasonably spent in the last two or three months.
Responsible for treasury management of idle funds
The opening of the Taiwan market to RMB-based bonds can offer investors on the island more financial products and banks to provide RMB-related wealth management services, with cash-laden life insurers able to channel idle funds
into such RMB bond market here.
Enhancing yield on surplus cash: To meet the yield enhancement needs of SMEs, Standard Chartered is the only international bank in the UAE to introduce the 'Business Saver' account, which provides an opportunity to earn returns on idle funds
in the account without compromising on the liquidity.
It also eliminated the frequent overdrafts or excess idle funds
that resulted from the uncertainty as to how much cash was being held in local depository accounts.
To mop up the excess liquidity, the Central Bank of Kuwait (CBK) issued KD 149 million in CBK bonds, while an additional KD 68 million remained as idle funds
with the CBK.
When inflation and interest rates exceeded 10 percent, companies became concerned about idle funds
and unnecessary borrowing.
NBK also notes that local banks' idle funds
namely cash and cash balances of banks fell KD 119 million to reach KD 581 million.
The agency is expected to help speed up procurement of funds and mobilize idle funds
for infrastructure projects in ASEAN, head of the Fiscal Policy Board Anggito Abimanyu said.