Nordic News, Business and Life in Asia
In 2015, the National Legislative Assembly passed the Debt Collection Act, which came into force on September 2nd, 2015. The Act aims to protect individual debtors from unethical and unsafe …
Debt Collection Act Prevents Undue Actions Against Debtors Read More
R3, the innovative enterprise blockchain technology firm, is the company which brought to Thailand the world’s largest blockchain ecosystem, Corda Network. Corda is an open source blockchain platform that enables …
Introducing R3, blockchain software leader Read More
Proximity Finance, Myanmar’s first farmer-focused finance institution, signs a 14 million US dollar equity package with Finnfund, Nordic Microfinance Initiative (NMI) and Proparco. Proximity Finance was launched in 2010 as …
Finnfund invests in Proximity Finance to help reach more smallholder farmers in Myanmar Read More
Swedish Ambassador to the Philippines,H.E. Harald Fries, was the designated representative of Sweden in the first stage of the Asian Development Bank (ADB)’s 53rd Annual Meeting of the Board of …
Sweden participated in Asian Development Bank’s first virtual conference Read More
In the past, East Asia has had a somewhat muddled reputation with regard to cryptocurrency. Many around the world remember things like China’s early reluctance to the spread of bitcoin …
Travelers Might See More Cryptocurrencies in Asia Read More
For some time, fintech startups have been growing at a staggering rate. They are not only improving the products and services of the existing financial services but are also offering …
New Cybersecurity Challenges for FinTech Industry Read More
In late February, an agreement between the Singaporean firm Infrastructure Asia and the Danish credit facility Danida Sustainable Infrastructure Finance was signed. The agreement aims ‘to boost the financing of …
Singapore and Denmark teams up to promote sustainable infrastructure in Asia Read More
The largest ever Fintech delegation from Denmark visited Singapore FinTech Festival (SFF) in November, comprising a total of 30 companies and 60+ people, exhibiting in the dedicated Danish booth area. …
Copenhagen FinTech aims at more continuous presence in Singapore Read More
During the recent Singapore Fintech Festival (SFF) Sweden’s Stockholm-based hub for Fintech companies, Findec, signed a partnership, MoU, with Singapore Fintech Association (SFA). “The purpose with this collaboration is to …
Swedish hub Findec partners up in Singapore, eyes Asean Read More
On 27 November the Monitor ERP System’s Malaysian subsidiary landed yet another milestone for 2019 by entering into a Memorandum of Understanding with OCBC bank. This new partnership will enable …
Unique Monitor ERP System Malaysia – OCBC Bank MoU supporting SMEs Read More
The Cambodian government has reserved around $3 billion to cope with a possible suspension of the Kingdom’s access to the EU’s preferential “Everything But Arms” (EBA) agreement. “The government did …
Cambodian government reserved $3billion in case EU withdraws EBA agreement Read More
As the week-long Nordic activities was drawing to a close in Singapore–probably the most important week of year for the Nordics in Singapore–during Singapore FinTech Festival (SFF) x Singapore Week …
Nordic Innovation House Singapore reception celebrated partnership success Read More
As Singapore FinTech Festival (SFF) x Singapore Week of Innovation and TeCHnology (SWITCH) came together for the first time in 2019 the Nordic countries were present in full force, including …
SFF x SWITCH: Nordic start-up pitches, Singapore Fintech Association partnership Read More
Norwegian technology founder and investor William Klippgen, who lives in Singapore, and British angel investor Michael Blakey has set up a Singapore-based fund of $ 22 million – equivalent to …
Norwegian William Klippgen heads a new fund of NOK 190 million in Singapore. Read More
Lendela, set up in 2018 in Singapore by founders from Sweden and global fintech group Zentro, forms proof of how Singapore is a preferred hub also for start-ups when it …
Swedes launch lending platform in Singapore, target Southeast Asia Read More
Singapore FinTech Festival 2018 (the biggest such event in the world), which drew close to 45,000 participants from almost 130 countries, included significant participation from the Nordic countries. Both Denmark …
Singapore FinTech Festival a big draw also for the Nordics Read More
On behalf of the European Blockchain Centre at IT University of Copenhagen and the Tech Ambassador of Denmark, the Innovation Centre Denmark in Shanghai on 13-16 November arranged the first …
Inaugural China-Denmark Blockchain Experts’ Dialogue Read More
On 20th November, European Chamber President Mats Harborn led a small delegation to meet with Wang Zhaoxing, Vice Chairman of the newly formed China Banking and Insurance Regulatory Commission (CBIRC), …
EU Chamber China President Mats Harborn met China Banking Commission Read More
He has worked in over 50 different countries, doing transactions, and his career has spanned 40 years in the banking business. Now, after five years as the head of the …
Head of the largest Nordic bank branch in Asia, Jan Stjernström, is retiring after 40 years in the business Read More
Danske Bank has hosted the second ‘Danske Bank Sino-Nordic Seafood Forum’ in Qingdao China. 17 companies on three panels and full house of guests consisting of leading seafood industrial players …
Danske Bank hosted Sino-Nordic Seafood Forum Read More
Collectius is continuing to purchase portfolios of non-performing consumer loans within Southeast Asia. The company is now spearheading the first secured portfolio in the Philippines when taking over 40 million …
Swedish Collectius takes of non-performing loans Philippines Read More
During the upcoming Singapore Fintech Festival which draws attendants from worldwide – over 30 000 of them expected in 2018 – the just established Nordic Innovation House Singapore organizes and …
Nordic finTech investor event Singapore Read More
A round table discussion on a blended finance model solution for a public private partnership investment within the water sector in Vietnam took place on 9 Ocober under the co-organisation …
Danish PPP investment round table held in Vietnam Read More
The EU-funded EU Business Avenues in South East Asia is tasked to help SMEs from EU countries with business internationalisation. ScandAsia takes an in-depth look and talks to some Nordic …
EU-funded support programme for SMEs: EU Business Avenues Southeast Asia Read More
Bilateral partnerships signed between two countries that are much alike in many areas. Danish companies thrilled about new possibilities in Singapore. Last week, the Danish Minister for Industry, Business and …
Danish Business Minister signed big fintech, maritime sector deals with Singapore Read More
Major deals were signed when the Danish Business Minister Rasmus Jarlov visited Singapore this week on his first international visit. The prime focus was Maritime Innovation and Fintech. During the …
Danish Business Minister visited Singapore Read More
The Danish bank Jyske Bank Gibraltar is experiencing an increasing inflow of new clients residing in Asia. Jyske Bank Gibraltar, a branch of the Danish bank Jyske Bank, is experiencing …
More Asian clients to Danish bank Read More
With the almost cash-free Scandinavian countries as their role model, Government Housing Bank in Thailand will launch a mobile app and other digital services that will make it easier to …
Inspiration from Scandinavia: GH Bank will roll out new mobile app Read More
On 30 August Copenhagen Fintech and the Danish Embassy Singapore is hosting an event at Asia House in Copenhagen. The event is shedding light on Singapore’s Fintech environment prior to …
Asia House event: Danish fintech in Singapore Read More Collectius Group from Sweden has announced that it acquires a 100 million USD non-performing loan (NPLs) portfolio in the Philippines. The transaction permits Collectius to support 170 000 debtors to …
Collectius acquires non-performing loan portfolio in Philippines Read More
China and Norway joined hands in a financial cooperation seminar held in Shanghai. The cooperation between China and Norway has flourished in many areas, including political, cultural, environmental, educational, sport, science, …
China-Norway coop held in Shanghai Read More
The biggest banking scandal in the modern history of Denmark continues to add new unexpected shades to the story. The scope of the Danske Bank money laundering scandal is greater …
The company behind illegal North Korean arms trade was a customer of Danske Bank Read More
Blockchain in Transport Alliance (BiTA) newly opened its Asia office in Singapore, operated by the Dane Soeren Duvier and Jana Lee. With many global supply chain members its primary intent …
Blockchain in Transport Alliance starts Asia growth Read More
EQT (a leading investment firm from Sweden) in early May announced the successful closing of the EQT Mid Market Asia III fund with total commitments of USD 800 million. The …
EQT closes Mid Market Asia III fund on vibrant market Read More
Collectius, a Swedish-Singaporean debt collection and receivables acquisition company with close to 20 years of experience in the South East Asian region, has announced the conglomerate Stena as its new …
Swedish Stena invests in debt collection company Collectius Read More
The head of the subsidiary Dynamic Oil Trading is sentenced to prison for losses of 90 million dollars. The top of the OW Bunker Group was not aware of the …
OW Bunker’s top management was misled by the Singapore boss Read More
The European Chamber of Commerce, Singapore (EuroCham) and the Swedish Chamber of Commerce, Singapore (SwedCham) have announced the inaugural Schuman Business Talk, kicking off with one of the most prominent …
Marcus Wallenberg to hold business talk in Singapore Read More
A Danish delegation headed by The Danish Minister for Industry, Business and Financial Affairs, Brian Mikkelsen has visited the Philippines. Along the minister, the Confederation of Danish Industry, Healthcare Denmark, …
Danish business minister Brian Mikkelsen, delegation visited the Philippines Read More
Building on the success of the Nordic Innovation Houses in Silicon Valley and New York government agencies from four Nordic countries have joined forces to open soft landing incubators in …
Nordic Innovation funds Hong Kong incubator Read More
Singapore and Denmark are in the top 3 ranking of being the best countries to do business in in 2018, according to the World’s Bank Doing Business Report 2018. The …
Singapore, Denmark tops Ease of Doing Business report 2018 Read More
Nordea Bank’s General Managers in China and Singapore talk to ScandAsia about how they navigate the many regulatory challenges and the importance of being on top of things to serve …
Nordea Bank navigates the highly regulated markets, the do’s, don’ts in Asia Read More
SEB Large Corporates & Financial Institutions has an impressive track record and is today an established player in the global arena. Its presence in Asia is comprehensive, covering an area …
Jan Stjernström, SEB: “Significant growth happening in Asia” Read More
EQT Partners Asia Pacific is part of the Swedish private equity (PE) firm EQT and recommends the EQT funds on which companies to invest in. Focus is on control or …
EQT increases efforts in Asia Read More
According to a new study by Bloomberg, Thailand is the world’s least miserable economy, based on inflation and unemployment followed by Singapore as a second. Thailand has a score of …
Thailand ranks as world’s least miserable economy Read More
In a recently published report by analyst firm Euler Hermes, Indonesia and Malaysia ranks as some of the worst countries in the world to collect debt, based on the complexity …
Indonesia and Malaysia among the world’s worst debt collectors Read More
There are many trends within financial technology of interest during 2018. But what we saw during the last quarter 2017, and regardless of where in the world it was, that …
Blockchain – Crypto: faster adoption than mobiles, or 1931 all over again! Read More Reech Corporations Group has agreed a major seed investment in Finland-based social finance sharing app Bankify to fund an initial commercial rollout in selected markets (announced on 30 October). The …
Bankify of Finland lands seed investment from Reech Read More
Singapore FinTech Festival returned for its second year during 13-17 November 2017, with strong Nordic participation, including Danish and Swedish fintech delegations. Singapore is a financial hub and ranks as …
Danish start-up Ernit, Nordic participation at Singapore FinTech Festival 2017 Read More
Denmark attended Singapore FinTech Festival with a big delegation as a continuation of intentions to establish fintech (financial technology) collaborations and expand business opportunities further, following two MoUs signed between …
Denmark and Singapore strengthen promising fintech collaboration Read More
Shareholders of Saxo Bank Group (Saxo), a leading multi-asset trading and financial-technology firm with presence in key financial centres such as Hong Hong, Shanghai and Singapore, have received an offer …
Geely to become Saxo Bank’s majority owner Read More