Tag: industry

H&M consider leaving Cambodia due to EU trade sanctions

Mr. David Savman, head of production at H&M, said the company would do less business in Cambodia if the current EU trade benefits ended and named China and Indonesia as alternative sourcing countries. Mr. Savman was attending the Textile and Apparel SEA Summit in Phnom Penh last week when quoted by Reuters for saying that…

Maersk remains stable in Singapore

Maritime Singapore is built on three pillars, according to Rene Piil Pedersen, group representative Singapore/Asia-Pacific, Maersk Group and managing director, AP Moller Singapore Pte Ltd. These are competitiveness, that is, a globally competitive taxation scheme, ease of doing business, etc; stability, ie, a consistent, long-term transparent government policy executed by competent government and institutions, rule…