Friday, January 20, 2012

CapitaMall Trust eyeing ways to cut costs

Straits Times: Thu, Jan 19
CAPITAMALL Trust (CMT) said it is looking at ways to cut costs at its shopping malls after expenses, including security and electricity costs, shot up last year.

Its manager, CMT Management, said yesterday that its operating costs surged 16.7 per cent to $212.3 million for the year ended Dec 31.

CMT owns 17 malls including Iluma and Plaza Singapura...

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