Genting Singapore cuts pay for directors and managers

Non-executive directors will see a 15% reduction in fees.

Genting Singapore has implemented a reduction in fees and salary for its directors and managerial staff as the economy braces for the effects of the COVID-19 pandemic, the company announced in an SGX filing.

The group’s non-executive directors will see a 15% reduction in fees for Q1 2020, whilst the executive directors will experience an 18% reduction in the base salary. There will also be a 9-18% reduction in the base salary for all managerial staff.

The group will also allow its employees to take no-pay leave and/or annual leave.

Due to the pandemic, Genting’s Resorts World Sentosa recorded a fall in visitor attendance and revenue across all its facilities. With this, the group is expecting its financial results to be significantly and adversely impacted for H1 2020.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia