CapitaLand pays staff bonuses in shopping vouchers

Reuters, 23 Feb 2009, Kevin Lim

SINGAPORE, Feb 23 (Reuters) - CapitaLand (CATL.SI), 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 S$750 to S$10,000," a CapitaLand spokeswoman said. "About S$1 million ($654,000) worth of vouchers will be distributed in total."

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