"It may be pertinent to paint out that leaving any scope for litigation prior to disinvestment, initiated individually or collectively by pilots, arising out the non-payment of the above mentioned must be avoided as it would adversely add to the company's contingent liabilities and potentially, the future cumulative interest burden on the divested Company," reads the letter.
span xml:lang="EN-GBe) Caesar takes what is owed to Caesar: At the end of the month, your cumulative interest earned in those 30/31 days is knocked down with withholding tax of 15 per cent.
The event will highlight innovations in Islamic finance, including green sukuk, which has attracted cumulative interest from investors in Islamic and traditional finance sectors.
The appellate court also upheld that the airline should pay a legal interest of nine per cent per year (a cumulative interest for the delay in granting the due compensation when the verdict is final).
Government efforts to boost food supply and the cumulative interest rate hike of 175 basis points since May 2018 have successfully decreased inflationary pressures.
Also, according to the restructuring terms, SaraRasa Bioindo expects cumulative interest payment savings during the years 2019-2025 to be about EUR600,000.
Lastly, inflationary pressures have subsided with government efforts to boost food supply plus the cumulative interest rate hike of 175 basis points taken by the Bangko Sentral ng Pilipinas.
Regarding new savings funds set to be launched by the bank in order to attract new clients, the bank is studying issuing three-year savings certificates in dollars with variable interest rates, as well as issuing a saving account with cumulative interest rates for students.
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