Debunked on ‘net assets,’ union shifts to UST’s ‘investments’

Debunked on ‘net assets,’ union shifts to UST’s ‘investments’

THE UST Faculty Union (USTFU) on Saturday dialed down its claim that UST was sitting on “billions” and can thus afford to shoulder P26 million to promote some faculty members. After a check by the Varsitarian on its claims, USTFU shifted to a different figure, claiming UST was keeping P2 billion in “investments” in banks. The labor union originally argued that UST possessed about P12 billion in “net assets.” “The University’s financial statement…