Starhill Global REIT cuts pay of directors, executives amid COVID-19 woes

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The manager of Starhill Global REIT has reduced the pay of its board of directors, and senior management amid difficulties that stem from the ongoing COVID-19 outbreak.

These difficult operating conditions include a movement control order in Malaysia, a “circuit breaker” measure in Singapore, and lower footfall traffic into its properties in China and Australia.

These measures are expected to significantly affect the REIT’s revenue figures in the coming quarters.

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