KBR's venture in Malaysia stokes fears it will downsize Singapore operations
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NEW York-listed KBR, which has hundreds of engineers on its payroll in Singapore, is the latest bigwig engineering firm to enter into a joint venture (JV) with a Malaysian partner.
Coming on the heels of large-cap contracting groups exiting Singapore after setting up JVs in Malaysia, KBR's move stoked market talk over the possibility of the downsizing of its operations here.
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