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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Since 2013 the Vietnamese company “SOHACO GROUP” and “TannerMedico” from Denmark have developed the market for anti-snoring solutions in Vietnam. In Vietnam more than 42% of the total population is …
Denmark’s Asonor aims to silence Vietnamese snorers Read More
Nokia continues to hold valuable patents despite selling its handset business to Microsoft, with many mobile phone vendors expressing their concern that the Finnish mobile phone giant may become a …
Chinese firms seek to limit patent fees after Microsoft-Nokia deal Read More
Malmö, Sweden based IKC Fonder has launched the country’s first fund dedicated to investing in the Philippines, the IKC Filippinerna Flexibel. The fund is added to the range of some …
Sweden’s IKC opens Manila office, launches Philippines fund Read More
Bloomberg reported that Fortum’s sale of its Swedish electricity grid is drawing interest from bidders including billionaire Li Ka-Shing’s Cheung Kong Infrastructure Holdings Ltd and Canadian pension investor Borealis Infrastructure …
HK Chinese tycoon to buy Swedish electricity grid Read More
REC, a leading global provider of solar energy solutions, donated 64 REC Peak Energy Series panels to three schools in Thailand. The donation helped the schools – Prep School in …
REC donates solar panels to 3 Thai schools Read More
LEGOLAND® Malaysia will launch the new LEGO® Legends of Chima fantasy cluster starting 12 March at Miniland. The fantasy world of LEGO Legends of Chima will be displayed in a …
Legoland Malaysia launches new attraction in Miniland Read More
Is your company looking for highly dedicated and talented employees? Or do you want to promote your company to future talents? Whether the Career Fair is used as primary talent-sourcing …
DanCham Career fair coming up Read More
The Danish counselling and science group for environmental and water solutions, DHI, Aquaculture Business Partnership (ABP) has transferred its regional hub from Malaysia to Singapore, where it recently developed regional Research …
DHI regional aquaculture hub moves to Singapore Read More
Danish Embassy staff were given a tour of the recently renovated factory and tannery, obtaining a detailed insight into the many stages of production as well as the actions taken …
Danish envoy visits ECCO Thailand Read More
Norway’s massive sovereign wealth fund is continuing to invest in coal companies that are destroying forests in Indonesia despite divesting from forestry and plantation companies with poor environmental track records, …
Norway’s pension fund not weaned off coal investment Read More
Jakarta Provincial Government learns the lesson after buying rusty buses made in China. Now, as an effort to expand public transportation in the capital city, city government will opt for …
Disappointed by made-in-China buses, city opts for Scania Read More
Chinese automaker Geely saved Volvo in 2010, buying the on-the-rocks Swedish automaker from Ford for $1.8 billion, but speculation persists whether the acquisition will amount to a corporate raid. Not …
Geely’s Volvo Investment Long-Term Play, Says Top Exec Read More
MANILA – The joint venture between Aboitiz Power Corp and Norway’s SN Power Invest AS has signed an agreement with the National Grid Corp of the Philippines (NGCP) for the …
NGCP signs up AboitizPower-Norwegian JV for back-up power supply Read More
The Danish government on 5 March 2014 released a new strategy on aquaculture. The aim is to make the industry more sustainable by using green technologies and increase export of …
Danida promotes aquaculture tech in Indonesia Read More
Swedish commercial vehicle (CV) maker Volvo is looking at assembling Eicher-branded CVs at its factories in South Africa and Indonesia to boost volumes. The company has an equal venture in …
Volvo to assemble Eicher trucks in Indonesia, S Africa Read More
Sweden-based Alfa Laval has secured an order worth SEK55m to supply Packinox heat exchangers to a refinery and petrochemical plant in Vietnam. Scheduled for delivery in 2015, the Alfa Laval …
Alfa Laval supplies heat exchangers to Vietnam’s refinery Read More
Container shipping company Maersk Line, a unit of A.P. Moller-Maersk, plans to increase freight rates on main routes from ports in Asia to ports in northern Europe with effect from April 1. …
Maersk Line to increase rates from Asia to Europe Read More
DNV GL has opened a new laboratory in Singapore to deliver innovative and integrated solutions for the marine and offshore industries. The laboratory located at Gul Circle demonstrates DNV GL’s …
DNV GL triples size of marine, offshore lab in Singapore Read More
Five hundred Husqvarna chainsaws have just arrived in the Philippines in early February. The donation is done to support UNHCR’s relief efforts in the aftermath of the Typhoon Haiyan that …
Husqvarna donates chainsaws to UNHCR’s Philippine relief efforts Read More
The Swedish oil and gas exploration company, Lundin Petroleum AB, announced in a press release on March 4, that the exploration drilling of the Balqis prospect in the Baronang PSC, …
Lundin Petroleum completes exploration in Indonesia Read More
NBAS(Norwegian Business Association, Singapore) in cooperation with its sister organizations in Asia have established a Norway – Asia Business Award (NABA Award). The Award will be presented at Norway – …
Candidate for NABA Award announced Read More
According to a new energy index, Denmark is currently the best country in the world for renewable energy investment and is taking the lead over countries such as China and …
Denmark tops world’s renewable energy investment Read More
Thailand was Saab’s largest export destination, recording sales worth USD511 million. The ISP notes that this was attributable to the provision of Saab JAS 39 Gripen combat aircraft and the …
Thailand is Saab’s biggest customer in 2013 Read More
Volvo Car Group’s vehicle sales in February were up 4.6 percent on a year ago, the Sweden-based company said on Monday, the eighth consecutive month of growth for the Chinese-owned …
Volvo Car Group’s car sales up 4.6 percent last month Read More
For the first time, Air Greenland exhibited at NATAS, Singapore’s key business-to-consumer travel fair, from 28 February to 2 March 2014. NATAS brings together travel specialists, tour operators and national …
Greenland holds tourism promotion in Singapore Read More
The Rongchang People’s Government and the Royal Danish Embassy signed a Memorandom of Understanding in Chongqing the 27th of February regarding Economic and Technical Cooperation on Pig Production. The MoU …
Danish-Chinese “Memorandum of Understanding” on pig production Read More
The Norwegian DNV GL, the world’s leading ship classification society and one of the world’s leading risk and sustainability service providers with more than 500 employees in Singapore, consolidates its …
DNV GL opens new Asia Pacific headquarters in Singapore Read More
Norwegian group REC Solar has announced that it will expand its $2.5 billion integrated plant in Tuas to meet strong market demand, in a marked turnaround from having reduced its …
REC Solar to expand solar plant in Singapore Read More
The Annual General Meeting (AGM) of the Thai-Swedish Chamber of Commerce took place at Sheraton Grande Sukhumvit in the evening on February 27, with on-going political protests right on the …
Thai-Swedish Chamber AGM Updated on Thailand’s Situation Read More
The joint venture of Aboitiz Power Corp and Norway’s Statkraft Norfund Power Invest AS is set to develop its string of greenfield power projects in the Philippines. In a media …
AboitizPower, Norwegian venture to install Luzon hydropower plant Read More
Smog in Chinese cities is providing unexpected momentum for a global deal on trade in environmental goods because China urgently needs access to cheaper, cleaner energy, Denmark’s trade minister said …
China’s smog has silver lining for green trade, says Danish Trade Minister Read More
Toy colossus LEGO released its annual accounts today, revealing its tenth record-high profit in eleven years. Since bottoming out in 2003 with a 1.5 billion kroner loss, the company has …
LEGO profits soar on back of new products, China sales Read More
The airspace between Helsinki and Bangkok will be blue and white in the upcoming winter season. Finnair will offer 17 weekly flights from Finland to Bangkok making them the biggest …
Finnair; Europe’s leader to Bangkok Read More
Norway’s REC Silicon will build a polysilicon and silane gas plant in China through a joint venture as the maker of materials used in solar panels seeks to take advantage …
With Chinese venture, REC Silicon enters world’s biggest solar market Read More
Real Future has completed the rollout of 4G/LTE in Central, Western, Northern and Southern Thailand. Users will enjoy an improved smartphone experience, with faster web browsing and downloads and better …
Real Future launches LTE with Ericsson in Thailand’s cities Read More
Residents in Pattaya and the Eastern Seaboard can now store their luggage, motorcycles or other personal belongings at a Self Storage facility for instance during the summer holidays, moving house …
Self Storage in Pattaya Read More
A new campaign, “Brighter Lives for Refugees”, will run at the IKEA Bangna store in Bangkok from today to 29 March 2014. For every LEDARE light-emitting diode bulb sold during …
IKEA Brings Sustainable Lighting to Families in Refugee Camps Read More
Economic expansion and growing middle-class have made Indonesia an attractive market to an increasing number of Danish companies wishing to export to this Southeast Asian country. But widespread corruption in …
Danish businesses eye Indonesia’s rising global profile Read More
Mendor, Finnish diabetes technology company, continues rapid growth and is happy to announce yet another international distributor, Mendor has signed an exclusive distribution agreement with Beijing Tagene Medical Co., Ltd. …
Finland’s Mendor targets China’s diabetes patients Read More
The Malaysian unit of Norwegian telecom firm Telenor reported sales and core earnings slightly above average forecasts for the fourth quarter and expects sales to grow by four to six …
Telenor’s Malaysia unit beats Q4 earnings forecasts Read More
Denmark’s fruit-concentrate company, Orana, attributes its success to an early entry to Vietnam The company continued to enjoy healthy revenue growth from 184 million kroner to 220 million last year …
Danish fruit-concentrate producer’s focus on Vietnam pays off Read More
Some foreign buyers, like Sweden’s H&M, are fleeing China for Bangladesh, Cambodia and Indonesia, not just for cheaper labour but also because of rising tensions between the workers and their …
H&M, other buyers flee China for SE Asia, Bangladesh Read More
Reports by the international news agency Reuters indicate that plans may be afoot to re-launch production of Fisker electric cars. Two years ago production was discontinued at Valmet Automotive in …
Chinese owner to resume Fisker e-car production in Finland Read More
Wind turbines produced by China’s Dongfang Electric Corp Ltd will soon be used in a wind power plant in Sweden, the company authorities said on 21 February. According to the …
Chinese wind turbines to enter Swedish market Read More
Oil and shipping group A.P. Moller-Maersk has received a permanent license to operate container business activities in Myanmar, it said in a statement on Friday, February 21. Since the European Union …
Maersk gets permanent licence to operate in Myanmar Read More
Due to ongoing fierce competition from low-cost airlines, SAS is considering dropping flight routes to and from Bangkok completely. Scandinavian Airline Service made a decision last year to discontinue its …
SAS considers discontinuing flights to Bangkok Read More
Sweden’s IKEA Group, the world’s biggest retailer of home furnishings, has started work on a new store in Xi’an, in northwest China’s Shaanxi Province. With a total investment of 108 …
New IKEA store in NW China Read More
A federal lawmaker urged Putrajaya today to set up a special oil fund for Malaysians like Norway’s pension fund, which recently ballooned to US$828.66 billion (RM2.7 trillion) and turned every …
Malaysian lawmaker wants Norway-style oil fund Read More
Danish-UK pork manufacturer Tulip has set its sights on China after the company invested US$62m into upgrading its facilities for export markets. Read more: Just Food
Tulip eyes Chinese expansion Read More
This year’s Norway-Asia Business Summit, held in Bangkok on the April 24, highlights opportunities and challenges for Norwegian businesses in this fast-growing region. Inspiring speakers deliver expert advice and insights …
Keeping Norwegian business’ competitive Read More