Singapore
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.
KBR though, had sought to assuage fears by reiterating its commitment to maintaining its regional liquefied natural gas (LNG) headquarters in Singapore.
KBIV, the new JV between Malaysia's private-owned BIV and KBR, is eyeing contracts tied to oil and gas (O&G) production structures, refineries, petrochemical, natural...