Saw this in the Business Times, 23 Feb 2009 — BT reported this off Reuters.
Nice. Everyone is happy — staff, retailers, CapitaMall Trust (we assume here vouchers are for CapMall managed shopping centres), CapitaLand. We need more such innovative solutions.
CapitaLand pays staff bonuses in shopping vouchers
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.”
CapitaLand earlier this month said it will raise around S$1.84 billion via a rights issue after reporting an 88 percent slump in fourth-quarter net profit due to weaker sales in Australia and China. (Reporting by Kevin Lim, Editing by Ian Geoghegan)
