Lloyds rack up £300m of likely scam Covid loans new government data shows

Lloyds Banking Group has been hit by more than 300 million pounds of suspected fraud linked to COVID-19 pandemic-era recovery loans for small businesses, the highest among big bank peers, according to government data. British banks overall have classified some…

GoTyme partners with BancNet, Visa to expand reach

GOTYME BANK has teamed up with BancNet and Visa to expand its reach as it starts its operations. The lender, which is a partnership between the Gokongwei Group, which holds a 60% stake, and Singapore-based digital banking group Tyme, which…

‘PinasLakas,’ AI chatbot boost vax efforts

PHILIPPINE STAR/ RUSSEL PALMA The coronavirus disease 2019 (COVID-19) pandemic is not yet over. While cases are slowly trending downward, the highly transmissible Omicron subvariants are still around. Fortunately, total and ICU (intensive care unit) bed utilization rates for COVID-19…

Cebu Landmasters shelf offering gets SEC’s OK

THE Securities and Exchange Commission (SEC) has approved the P15-billion debt securities program of Cebu Landmasters, Inc. Cebu Landmasters looks to raise P8 billion from the initial tranche of its shelf offering with series A bonds due 2026, series B…

CCP program full before bringing curtain down on main building

THE CALENDAR of events of the Cultural Center of the Philippines (CCP) is full of dance and music as it gears up for the long-overdue rehabilitation of its Main Building, which includes closing its theaters and other indoor venues starting…

BSP tells banks to strengthen guard vs terrorism financing

BANKS must continue to update their targeted financial sanctions (TFS) frameworks amid evolving terrorism and proliferation financing risks, the Bangko Sentral ng Pilipinas (BSP) said on Tuesday. BSP Deputy Governor Chuchi G. Fonacier through Memorandum No. M-2022-038 told BSP-supervised financial…

Razon bets on renewables in biggest 2022 Philippine IPO

PHILIPPINE billionaire Enrique K. Razon, Jr. made his fortune operating ports and running casinos. His next target is the country’s nascent renewables industry. The nation’s second-richest man is focusing on solar farms, battery facilities and water projects in an effort to attract…

Local research seen as basis for pandemic prevention measures

UNSPLASH VIRUS-RELATED research conducted in the country can serve as a basis for formulating preventive measures for future pandemics, said a member of the Balik Scientist program, which was established to counterbalance “brain drain.”  “The pieces of new knowledge generated…

A retelling of stories of Filipinas and histories of the motherland

JUAN’s Spolarium and Anna’s Lupang Tigang by Imelda Cajipe Endaya THROUGHOUT her career, artist Imelda Cajipe Endaya focused on works about women and the history and socio-political climate of a nation. These themes can be seen in a new retrospective,…

Treasury rejects all tenders for reissued 3.5-year bonds

THE GOVERNMENT rejected all bids for its offer of reissued 3.5-year bonds as investors wanted higher yields. — BW FILE PHOTO THE GOVERNMENT rejected all bids for reissued 3.5-year Treasury bonds (T-bonds) it offered on Tuesday as the market asked…

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