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ST Engineering focuses on ways to ensure sustainability without government support

Group will continue to streamline business portfolios, and explore cost-reduction measures

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Overall the group's net profit edged down 4.4 per cent to S$257.4 million, compared to S$269.3 million a year ago.

Singapore

IN ANTICIPATION of the absence of government subsidies next year, Singapore Technologies Engineering (ST Engineering) said it will cut costs to offset headwinds from the Covid-19 pandemic.

For its aerospace sector, this means "exiting some businesses that have less long...

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