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SINGAPORE - Singapore Technologies Engineering expects to raise its orderbook in 2009 as it is bidding for government projects in China, Europe and the Middle East, a senior executive said on Thursday.
The engineering comglomerate, 49 per cent owned by state investor Temasek Holdings , also said its 2009 financial performance is expected to be within 5 per cent of last year's results.
'All those infrastructure projects that the governments are putting their money into, we are ready to take more of these projects,' Seah Moon Ming, deputy chief executive officer of ST Engineering, told Reuters in an interview.
As of March 2009, the company had an order book of S$11.03 billion, up from S$10.6 billion at the end of 2008, though Seah did not specify the expected increase for 2009.
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