Reuters, 3 Dec 2008, Melanie Lee
SINGAPORE, Dec 3 (Reuters) - Southeast Asia's largest developer, CapitaLand (CATL.SI: Quote, Profile, Research, Stock Buzz), said on Wednesday it will cut staff pay between three to 20 percent in light of a slowing domestic economy.
CapitaLand said in a statement that the firm-wide measures will affect mostly management and executive level employees, with its chief executive, Liew Mun Leong, bearing the maximum cut of 20 percent.
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