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Office Lending – Here is Why It is Not as Bad as The Market Thinks

South State Correspondent

If you add these metrics, office attendance has stabilized nationally and started to trend higher in 2024. As can be seen below, the net result, based on CoStar data, is that we expect office rents to continue to fall and capitalization rates to continue to rise until late 2025, should the economy remain stable.

Lending 195
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Kohl?s Leans Into Digital During Pandemic Store Closures

PYMNTS

CEO Michelle Gass said in a Tuesday (May 19) first-quarter earnings call with analysts that the retailer amplified its digital marketing efforts and revised its online site content. These include operating with limited store hours, social distancing signage, elevated cleaning procedures, a new returns process, among many others,” Gass said.

Retail 235
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NEN Widens USAT Partnership For Cashless Payments Growth

PYMNTS

Cashless payments firm USA Technologies (USAT) is expanding its partnership with amusement kiosk operator National Entertainment Network (NEN) to bring expanded cashless payment options to more vending machines and devices, the companies announced in a press release on Friday (Nov. and Puerto Rico.

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Indonesia Levies 10 Pct Tax On Sales From Tech Firms

PYMNTS

The Southeast Asian country’s national tax office announced it will impose a 10 percent value-added tax (VAT) on foreign global technology companies as the nation looks for ways to defray the costs of battling the economic effects of the COVID-19 pandemic, Reuters reported. The country’s total budget for 2020 is $177.6

Taxes 141
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Amazon Sets Sights On Southeast Asia

PYMNTS

The move comes as part of a larger targeting of Southeast Asian markets, according to TechCrunch , starting with beginning selected regional services in Singapore in the first quarter of 2017. Two of its nations (Indonesia and Thailand) are ranked in the top 20 economies by their GDP. And what better place to wait than Singapore?

Regional 148
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HSBC, Standard Chartered Undeterred By China Trade Tensions

PYMNTS

Global Trade Review said the FIs, which operate as two of the largest trade finance providers in Asia, have emphasized their commitment to the Chinese market and existing government initiatives including Made In China 2025 and the Belt and Road Initiative. Both programs have been criticized by the U.S. Trump Administration.

Training 164
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Amazon Faces New Competition In India

PYMNTS

With India expected to be a $1 trillion digital economy by 2025, online retailers all want a piece of the action. However, according to Bloomberg , if a new national eCommerce policy becomes law, it will be harder for these U.S.