7 Mar 2008
Somluck Srimalee
Singaporean-based CapitaLand has grown more cautious in its foreign investments in the wake of the US sub-prime mortgage loan crisis and rising oil prices.
CapitaLand Residential CEO Chen Lian Pang yesterday said the company, part of the Temasek Holdings Group, would slow the launch of residential projects in Thailand and elsewhere.
Only four projects worth Bt8 billion will be started this year, instead of the six planned.
>>>> More
