Tuesday, March 3, 2009

CapitaLand pays staff bonuses in shopping vouchers

CapitaLand Southeast Asia's largest developer and Singapore's biggest mall operator, will pay part of its managers' bonuses this year in shopping vouchers!

Staff will receive shopping vouchers in March, and the amounts range from $750 to $10,000. About $1 million worth of vouchers will be distributed in total to all the staff.

CapitaLand earlier this month said it will raise around S$1.84 billion via a rights issue after reporting an 88% slump in fourth-quarter net profit due to weaker sales in Australia and China.

Think soon enough, you will see many people starting to sell their CapitaLand vouchers at forum.

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