Yesterday the Monetary Authority of Singapore (MAS), Ministry of Finance (MOF) and IRAS announced new measures to provide greater flexibility for cash flow and funding for S-REITs. This was seen as positive for REITs as most REITs are flashing green at lunchtime. Measures Summary of new measures introduced Key impact on REITs 1. Greater flexibility - Before the new measures last evening, there were...
Today, another 2 foreign worker dormitories were gazetted as isolation areas by the Singapore government to curb the spread of Covid-19. This brings the total number of dormitories gazetted to 7 in Singapore. One SGX-listed company in the thick of all this action is Centurion Corporation Ltd. It has 7 dormitories with about 28,000 beds under the Westlite brand, of which, Westlite Toh...
