Pay cuts for heads of Singapore property firms
Add BT as a preferred source
Singapore
PROPERTY group City Developments' (CDL) executive chairman Kwek Leng Beng had his total remuneration plunge 82 per cent last year. He received S$1.63 million in 2020, down from S$8.89 million in 2019.
CDL recorded a full-year net loss of S$1.92 billion for 2020, reversing from a S$564.6 million profit in 2019. This was CDL's first full-year loss since the early 1970s.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Koh Brothers Eco Engineering faces up to S$57.6 million in potential liabilities from legal disputes
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
DayOne secures S$530 million green loan from DBS, OCBC and UOB for Singapore data centre
