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.