Nordic News, Business and Life in Asia
Follow the latest business developments connecting the Nordic countries
with Asia. ScandAsia covers companies, investment, trade, technology,
energy, manufacturing and new opportunities across the region.
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In August 2015 Thai Airways were forced to reduce 7000 flight seats from their direct routes to Phuket from Copenhagen. A new Boeing 777-200ER airplane with 292 seats was meant …
Thai Airways brings back flight seats to popular Danish route Read More
On September 16th, Danish Ambassador Carsten Damsgaard attended the opening of a flagship store in Beijing by the Danish electronics producer Bang & Olufsen. The Ambassador expressed that Bang & …
Ambassador attends opening of B&O’s first Beijing Flagship store Read More
The Danish investment bank Saxo Bank opened their new office premises on 10 September 2015 in Lujiazui, Shanghai – an area commonly regarded as the centre of China’s financial industry. …
Consul General in Shanghai attends Saxo Bank China’s opening Read More
IFU – the Danish Investment Fund for Developing countries – has developed a new strategy that makes it easier than ever to qualify to be an IFU supported company or …
New strategy makes Danish IFU an attractive investment partner Read More
On 26 September the very first JYSK store in Singapore (occupying 9,000 sq.ft. at the new Courts Bukit Timah store) opened its doors, with plans to open another 20 in …
Jysk’s first store in Singapore opened Read More
On 7-11 September Nordea Private Banking, Singapore, went on a road show to Thailand and China to meet its customer base and present valuable insights on a hot topic recently …
Nordea Private banking seminar: Count China in! Read More
With the current grey smog enveloping Malaysia, Sweden’s Blueair has warned Malaysians that the health danger of indoor air pollution is widely underestimated. The company said seeking safety indoors from …
Growing interest in Swedish Blueair: remedy for smog-suffering Malaysians Read More
As a first for Norway its Norwegian Communications Authority (Nkom) has signed a Memorandum of Understanding with a foreign authority, namely Thailand’s Office of the National Broadcasting and Telecommunications Commission …
Norwegian and Thai telecommunication and broadcasting agencies sign MoU Read More
Sweden’s international fashion giant H&M meets huge criticism from a new report. The Stockholm-based organization Fair Action claims H&M to break the rules in Cambodia by systematically employ people using …
Fair Action accuses H&M for breaking the law in Cambodia Read More
Last year Denmark passed a dual citizenship bill. On 1st September 2015 the law became effective and it is now possible for foreign nationals living in Denmark to become naturalized citizens …
A guide to dual citizenship Read More
A load of milking equipment from the Danish company S. A. Christensen & Co. (SAC) are being sent to China. According to the Kolding-based SAC the Chinese milksector owns big …
Danish demo-farm to kickstart Chinese milk sector Read More
GN ReSound, a leader in innovative hearing technologies, on 3 September inaugurated its newest manufacturing and distribution facility in Kulaijaya, Johor, Malaysia. The ceremony was hosted by the Danish company’s …
Danish hearing aid producer sets up in Malaysia Read More
HydroChina has placed the first order for a wind park, per the collaboration agreement entered with Vestas earlier in 2015, consisting of 12 V100-2.0 MW for the Phu Lac wind …
Vestas wind park ordered by HydroChina for Vietnam Read More
The first batch of Gripen fighters for the Royal Thai Air Force (RTAF) was delivered in February 2011, reports SAAB Defense. Since then, the Gripen squadron at Wing 7 in …
Milestone for Gripen fighters in Thailand: 5000 flight hours Read More
Singapore-listed YuuZoo Corporation has acquired distribution and marketing Rights for mobile games for 11 of the world’s most popular football clubs, including Chelsea FC, Real Madrid, Manchester City FC, FC …
YuuZoo Corp. partners with Swedish CoC to promote mobile football games Read More
Vietnam’s Paediatric Society and Swedish company BioGaia organized a seminar on 26 August entitled “Functional gastrointestinal disorders in children, Colic and the role of L.reuteri Protectis”. Attended by the Embassy …
BioGaia product launch in Vietnam Read More
On 11 September Sweden’s Minister for Enterprise and Innovation Mikael Damberg continued from China to Hong Kong, where the schedule for the day was busy and included some Swedish business …
Sweden’s minister Mikael Damberg on business in Hong Kong Read More
Business Sweden, Royal Thai Embassy, and Thailand Board of Investment (BOI) invites to investment seminars in Stockholm and Gothenburg in Sweden, on 21-22 September 2015. Among the presentations there will …
Thailand – land of investment seminars in Sweden Read More
Scandinavian Airlines took off with its maiden flight on September on the new route to Hong Kong, connecting Hong Kong as the only airline to connect the Asian metropolitan with …
Flight launch by SAS ensures direct Scandinavian route to Hong Kong Read More
Flexenclosure AB, which is a Sweden-based developer of hybrid power systems and pre-fabricated data centres, has won a multi-million dollar order on a data centre from the Myanmarian broadband services …
Swedish Flexenclosure wins multi-million dollar order in Myanmar Read More
A new plan from the government of the Philippines would offer free wireless internet to people across the country while also likely eating into the annual revenue of the nation’s …
Free Wifi to Philippines, crowdsourced in Sweden Read More
China loves IKEA. The international furniture retailer said growth accelerated in its fiscal year ending 31 August 2015 boosted by sales in China. To IKEA China is the fastest growing …
IKEA increases sale thanks to China Read More
For the first time the Danish bank will have a department in China. According to Saxo Bank the new bank in Shanghai is a part of their strategy to strengthen …
Saxo Bank opens in China Read More
Pear & Carrot – SverigeShoppen, together with The Consulate General of Sweden in Hong Kong exhibiting at the Restaurant & Bar Hong Kong show 8 – 10 September. Supporting this …
‘Try Swedish’ exhibition on Hong Kong trade show Read More
In a secret offer to the Swedish Parliamentary Standing Committee on Transport, a Chinese company has really caught the attention of Swedish politicians. Leaked to Sweden’s national TV broadcaster, SVT, …
China Railway Construction bids on Swedish high-speed railway Read More
When the Chinese airline Beijing Capital Airlines landed 3 September 2015 at Copenhagen Airport it was the first time that a Chinese airline has flown directly between Denmark and China. …
First time a Chinese airline flies directly to Copenhagen Read More
Finland-based Cleantech Invest have attracted new strategic investors from China, Silicon Valley and Sweden. Cleantech Invest itself invests in the most promising early-stage and growth cleantech companies in Finland, Sweden …
Cleantech Invest (FIN) attracts new strategic investors from China and Sweden Read More Sweden’s Minister for Enterprise and Innovation Mikael Damberg is visiting China on 9-11 September 2015 Minister Damberg’s trip will have a strong focus on CSR (Corporate Social Responsibility), while he …
Sweden’s enterprise, innovation minister heads to China, Hong Kong Read More
As related in the story Norwegian start-ups attend Tech Incubator Programme in Singapore Innovation Norway (IN) has partnered up with with Joyful Frog Digital Incubator(jfdi.asia), ‘Asia’s #1 Startup Accelerator’. Hugh …
Innovation Norway’s Singapore partner JDFI explains TINC Asia Read MoreNokia and China Huaxin Post & Telecommunication Economy Development Center (‘China Huaxin’) on 28 August 2015 signed a memorandum of understanding (MoU) confirming their intention to combine Nokia’s telecommunications infrastructure …
MoU for new JV to combine Nokia China and Alcatel-Lucent Shanghai Bell Read More
Globally declining milk prices impacted Arla Foods and the entire dairy industry in the first half of 2015, creating a tough situation for Arla’s farmer-owners. Arla has managed to navigate …
Tough 2015 for Arla: China turns stagnant, dairy prices continue to drop Read More
H&M have announced that they are positive to the uniform minimum wage that has been set by the Government in Myanmar. “A uniform minimum wage across all industries is essential …
H&M welcomes uniform minimum wage in Myanmar Read More
H&M’s unique fair living wage strategy, launched in 2013, is showing progress on many fronts, H&M has reported in an update for the first half of 2015, describing their goals …
H&M’s steps towards fair living wages Read More
In an announcement Volvo Cars says it has in August 2015 taken control of its three joint venture operations in China for SEK2.2bn in order to more accurately reflect its …
Volvo Cars acquires control of its China joint ventures Read More
Vietnam is seeing more Danish investments in Ho Chi Minh City as CT-Technologies–a specialist on designing and supplying materials and equipment for insulation of Cold Stores and Food Processing Plants–has …
CT-Technologies (Denmark) opens Vietnam office Read More
Vietnam Airlines’ purchasing of new Boeing Dreamliner aircraft, with the first one of those delivered in the end of July 2015, has co-financing from the Swedish Export Credit Corporation (SEK). …
Swedish export loan funding for Vietnam Airlines Read MoreThe Norwegian government agency Innovation Norway has for the second time arranged TINC Asia, a Tech Incubator programme in Singapore in which six selected Norwegian start-ups participated (during 17 August …
Norwegian start-ups attend Tech Incubator Programme in Singapore Read More
Finnair has announced the opening four new routes, connecting Asia to Edinburgh, Billund, Pula and Svalbard for summer 2016. Finnair will also increase the number of flights to the popular …
Finnair strengthens Asia connections to Europe Read More
On 19 August, 2015 the global pharmaceutical company Lundbeck from Denmark, specialized in brain diseases, announced the initiation of a restructuring programme which will reduce the total cost base by approximately …
Danish pharmaceutical Lundbeck initiates major restructuring Read More
In September the Danish Business Association Singapore (DABS) hosts for its members a crash course named ‘Communicate with Impact’, which is a great opportunity for individuals and company leaders to …
DABS hosts soft skills development courses: ‘Communicate with Impact’ Read More
The Danish University College Nordjylland (UCN) has been given permission by the Danish Ministry of Education and Science to establish a technical bachelor degree in Vietnam in cooperation with University of Architecture …
Danish university opens new education programme in Vietnam Read More
Sweden has a vivid history of innovation since the 17th century and has been continuously ranked among the top countries renowned for Innovation in the world. On 25 August, 2015 …
Tetra Pak equips second phase of Vietnamese soymilk production Read More
Thailand based wind developer & investor, Inter Far East Wind International Company Limited (IWIND), has hired K2 Management (Denmark) to perform a technical due diligence of an existing wind farm based …
Danish wind energy consultant hired by Thai company IWIND Read More
Barakah Offshore Petroleum Berhad’s wholly-owned subsidiary, PBJV Group Sdn Bhd (PBJV), has in early August 2015 signed a Memorandum of Collaboration (MOC) with a Norwegian subsea service provider, Ocean Installer …
Barakah Offshore Petroleum signs MOU with Norwegian subsea provider Read More
Norway’s ambassador to Singapore, Ambassador Tormod C. Endresen, has been selected as the winner of the Confederation of Norwegian Enterprise’s (Næringslivets Hovedorganisasjon) NHO Ambassador Award. NHO is the main representative …
Confederation of Norwegian Enterprise awards Norway’s Singapore ambassador Read More
Egmont Publishing, a leading media corporation in Scandinavia, will now outsource their Danish layout department to Vietnam. From January 2016 11 Danish magazines and four weekly newspapers from Egmont Publishing …
Danish media giant outsources to Vietnam Read More
Carlsberg Group has reported on its worldwide H1 performance for 2015. Weak results in Western Europe and market decline in Eastern Europe partly offset by strong Asian results. CEO Cees …
Carlsberg H1 2015 report: strong Asia growth, incl. Tuborg brand Read More
EWOS, the Norwegian, leading supplier of feed and nutrition for the international aquaculture industry has been acquired by Cargill for 1.35 billion euros. With nearly 150 years of experience Cargill …
Norwegian aquaculture company EWOS sold for 1.35 billion euros Read More
Global Risk Management, the customised hedging solutions management provider with headquarters in Middelfart, Denmark has announced a new employee as well as a staff transfer. Michael Korsager Nielsen has been …
Global Risk Management expands trading team Read More
Fredrik Lager, General Manager of SEB Private Banking in Asia, wants Scandinavian residents in Asia to be aware of a new EU regulation, which took effect on 17 August 2015. …
SEB reveals a bombshell concerning inheritance Read More