Category: Business news

Sweden’s Ericsson says Thailand is no. 1 in region for smartphones, tablets use






Thailand is poised to experience the strongest growth in smartphone and tablet use in Southeast Asia this year, says a report by Sweden’s Ericsson. The report said the penetration rate of the two devices in Thailand will top 36% and 7%, respectively, up from 17% and 2% last year. These were the findings of an…

Chinese competition authorities have approved Sapa joint venture in aluminium solutions






The Chinese competition authorities (MOFCOM) have approved the closing of the transaction whereby Hydro and Orkla will have 50/50 ownership of the planned Sapa joint venture, reports Norwegian Hydro in a press release. The approval from the Chinese competition authorities marks the conclusion of the competition law assessment of the agreement, necessary for closure. The transaction…

Sweden is hunting mining partnerships in Vietnam






According to a press release from the Swedish Embassy to Vietnam, the Swedish businesses ABB, Scania and Swedish Export Credit Corporation (SEK) are ready to work in “fruitful long-term partnerships” with Vietnamese companies and authorities. Business Sweden, an organization that works to promote Sweden as an attractive business partner, arranged a seminar in Ha Long…

Telenor to recruit 3.000 Myanmar staff






Norway’s Telenor, that recently won the Myanmar telecommunication tender, now says they will recruit around 3000 Myanmar nationals to provide local communication services, Myanmar’s Mizzima reports. The first step for the Telenor Group will be to recruit 25 employees to the management level to take care of business development and strategic planning. Their task will…

Vestas to supply Chinese gas supplier for the fifth time






The wind turbine manufacturer Vestas has booked an order from Chinese gas group Hanas New Energy.   Danish wind turbine manufacturer Vestas will be supplying a Chinese regional gas supplier with 50 megawatts-worth of wind turbines – the fifth consecutive order from Vestas for the same company in the past three years. Vestas will be…