The new platform will also use surplus funds
for social good.
Besides, the corporation invests its surplus funds
with banks and government securities, a press release Thursday said.
Strong development in three special taxing zones near Rand and Dundee roads led to the village council in separate meetings this month to agree to distribute nearly $2.2 million in surplus funds
"The circular directed the private schools to meet the additional financial resources required to implement the 7th Pay Commission recommendations from their surplus funds
without hiking the fees," he said.
Philreca argued that ECs do not provide surplus funds
"by way of a return on rate base and depreciation" like what distribution utilities (DUs) have.
Indenture allows surplus funds
in excess of 103% to be withdrawn from the indenture.
AGP has clarified that according to finance department rules, only the 20 pc of surplus funds
can be invested in private schemes, but PPIB has invested the 40 pc of available surplus funds
CIC managing director Lem Chansamrach said BIO will help those with surplus funds
to learn how to evaluate business potential before acquiring the shares of a company.
The bills help the licensed commercial banks to gainfully invest their surplus funds
, with the added advantage of ready liquidity through discounting and repurchase facilities offered by the CBO.
The Treasury Bills are short-term highly secured financial instruments issued by the CBO on behalf of the Government, which helps the licenced commercial banks to gainfully invest their surplus funds
, with the added advantage of ready liquidity through discounting and repurchase facilities.
Drawing from past experience in similar situations, the biggest area of concern would be the members of Congress who, in a false sense of entitlement, may get the impression that the surplus funds
justify demands for additional pork barrel allocations for their pet projects or favored contractors and suppliers.