Cash-strapped university plans ‘major’ Singapore campus
In an email sent to staff recently, the university said it was “in the final stages of progressing a joint venture agreement in Singapore”, student magazine Massive reported. The university described Singapore as “a market of strategic significance for Massey” and “an opportunity to diversify revenue sources”. In a separate presentation to staff, vice-chancellor Jan Thomas said the plan to build Singapore as a “major face-to-face campus” was one of “four big shifts” required for the university to be financially sustainable, Massive reported.
A Massey spokesperson told Stuff the university had “several projects currently underway to address the challenging financial climate the tertiary sector is facing”. Massey is one of several universities around the country facing financial strain, having recorded an NZ$8.8 million (US$5.3 million) deficit in 2022, and has been introducing policies to help cut costs.
Full report on the Stuff site