Impact of World Bank's sanction on SMEC muted, says Surbana Jurong
Singapore
THE World Bank's sanction on Australia-based SMEC Holdings, a company owned by Surbana Jurong, will not have a major impact on SMEC as its "dependence on World Bank's business is small".
But the group is implementing measures to prevent any future wrongdoings, said Surbana Jurong chief executive Wong Heang Fine.
TRENDING NOW
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Focus turns to Strait of Hormuz after US and Iran presidents sign ceasefire agreement
Onitsuka Tiger pivots from Asics stripes to tap luxury market
Fall in COE prices across board suggests car, commercial vehicle premiums hitting resistance level