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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Novo Nordisk, the Denmark-based pharmaceutical, continued an awareness campaign last Thursday, which is World Diabetes Day, to increase awareness about the disease in the Chinese market. Novo Nordisk, which entered …
Novo Nordisk launches diabetes campaign in China Read MoreFast fashion retailer H&M has teamed up with three of its best suppliers in Bangladesh and Cambodia to create model factories where it can test new ideas and standards before …
H&M to test ‘model factory’ concept in Cambodia Read More(VOV) -Many Swedish businesses have expressed their keen interest in the Vietnamese market, especially in the fields of banking, financing, recycle technology, transport, and support industry. At a reception hosted …
Swedish firms keen on Vietnam Read MoreThe world’s largest production facility to make cellulosic bioethanol – a type of biofuel made from wood and plants – will be built in China next year, the company in …
Danish biotech in world’s biggest biomass ethanol plant Read MoreHibiscus Petroleum gets 2 more oil production licences from Norway KUALA LUMPUR: Hibiscus Petroleum Bhd’s joint-venture unit, Lime Petroleum Norway AS, has received approval from the Norwegian Ministry of Petroleum …
Norway grants Malaysian firm oil licences Read More
Finpro starts new co-operation with four partners operating in China, said the company in a press release. The expertise of these companies – Lion Partners, Green Tower Kunshan, MPS China, …
Finpro starts new co-operation in China Read MoreThe closure of one ECCO Thailand factory in the northern Thai province of Pichit was part of an ongoing consolidation of production geared towards more efficient quality and cost control and …
ECCO: Thai factory closure part of consolidation, expansion Read More
Danish shoe manufacturer Ecco shut down a factory in the northern province of Pichit effective yesterday (11 November 2013), reasoning that it could no longer absorb higher production cost following …
Ecco shuts down one Thai factory Read MoreAccording to a survey by Bangkok’s The Nation newspaper, property companies are increasing their investment in Phuket, with plans to develop more than THB50 billion (USD1.6 billion) in residential and …
Scandinavians lead the charge in bullish Phuket property market Read MoreIn a continuation of the aggressive inroads he has made into Europe’s infrastructure and telecom sectors in the past three years, Hong Kong tycoon Li Ka-shing has extended his reach …
HK tycoons to bid for Finnish power plant Read More
It is the third time the Danish restaurant Admiral’s opens in Bangkok. Hopefully, it would be the last, said Bent Laasholdt, the owner, who promised a more international slant to …
The Admiral’s opens again for the third time Read More
The kingdom’s 2013 defense budget rose to US$5.7 billion, a 7% increase from the year before. Increased spending in recent years has allowed an already capable military to modernize and …
Modernizing the Royal Thai Air Force Read More
Swedish home furnishing giant IKEA opens its 14th store in China on Thursday, accelerating the retail expansion in the world’s fastest growing economy, said China Daily. The new store, also …
Beijing opens 2nd IKEA Read More
By Amy R. Remo A paint manufacturer from Norway is now firming up plans to put up a manufacturing facility in the Philippines, barely a month after the Philippine Economic Zone …
Norway firm to put up paint facility in PH Read MoreGaruda Indonesia Agrees to Lease up to 35 ATR 72-600s from Nordic Aviation Capital Indonesia’s national airline Garuda Indonesia has agreed to lease up to 35 new ATR 72-600 turboprops …
Garuda to lease short-haul aircraft from Nordic Aviation Capital Read MoreReady…set… run! The doors have just opened at an Ikea furniture store in east Beijing. Even on a weekday morning, this store is packed. In just a few minutes, customers …
IKEA gets its Chinese customers to hang out and spend Read MoreNorway Mulls Investing In Malaysian Firms With Zero Tolerance To Corruption, Practise CSR KUALA LUMPUR, Nov 4 (Bernama) — Norway is looking at investing in Malaysian companies with zero tolerance …
Norway mulls investing in corruption-free Malaysian firms Read MoreNorwegian’s management and Norwegian Pilot Union (NPU) have reached agreement on a new collective agreement for pilots. This means the flight schedule operate as scheduled. “Both parties are pleased that …
Norwegian reaches deal with pilots, strike averted Read More
Edited by Martin O’Rourke Finnish elevator-equipment company Kone Corporation has established a strong first-mover advantage and is a solid market leader in China which has the fastest growing real-estate market …
Finland’s Kone under the microscope after solid China growth Read More
The Cambodian government should construct an effective annual review system for the minimum wage to ease worker unrest, according to clothing retail giant H&M, just-style.com reported. The Swedish company’s comments …
H&M calls for annual minimum wage review in Cambodia Read MoreNorway and Indonesian have signed a Mutual Recoginition Arrangement (MRA) on Quality and Food Safety of Fish and Fishery Products. The Mutual Recognition Arrangement on Quality and Food Safety of …
Norway, Indonesia ink seafood safety pact Read MoreThe Royal Danish Embassy in China hosted the launch of “Gather in Denmark – Organic life” the 28th of October. The Danish dairy company Arla’s organic milk was launched on …
Arla launches organic milk in China Read MoreLundin Petroleum AB (Lundin Petroleum) announced the appointment of Mr Paul Atkinson as General Manager for Malaysia and Managing Director for Lundin Petroleum’s South East Asia (SE Asia) business. Mr …
Lundin Petroleum appoints new MD for SE Asia Read MoreLegoland has opened its largest water park resort in Malaysia’s Johor state, which borders Singapore. Asia’s first Legoland water park has 20 slides and more than 70 Lego models aimed …
Legoland water park opens in Malaysia Read MoreUnions urge boycott of Norwegian Air Its pilots have been threatening to go on strike, its new long-haul routes are deeply troubled and now Norway’s once high-flying Norwegian Air faces …
Norwegian Air faces boycott over low-cost Thai crew Read MoreThe beauty of the archipelago has charmed a number of foreign investors to pour some of their money into the development of ecotourism on Indonesia’s small islands. Swedish Ambassador Ewa …
Swedish investors eye Indonesian islands ecotourism Read MoreVacuum cleaning, one of the more tedious household chores, has just been elevated to an art form thanks to a collaboration between Electrolux and Thailand’s artist Chalit Nakpawan. An impressive …
‘World’s first’ suction powered artwork Read MoreNorwegian aluminum producer Norsk Hydro ASA (NHYDY.PK,NHYKF.PK,NHY: Quote) reported signing a binding deal to sell its aluminium rolling mill in Malaysia to Nippon Foil Mfg. Co., Ltd., a subsidiary of …
Norsk Hydro To Sell Malaysian Rolling Mill Read MoreNokia held an inauguration at its the first cell phone factory in Vietnam on October 28. Located in the northern province of Bac Ninh, the Finnish phone producer’s first project …
Nokia inaugurates phone-making plant in Vietnam Read MoreFinland featured prominently in an international forum on enterprise innovation held recently in Shanghai, China this year. Experts and officials from Finland, the country of honor at this year’s Pujiang …
Finland shines at China’s enterprise innovation forum Read MoreKUALA LUMPUR, Oct 25 — Luxury seafood such as lobsters and oysters are among food items that will escape taxation once the upcoming Goods and Services Tax (GST) is implemented …
Norway lobster windfalls from Malaysia’s new GST Read MoreSTOCKHOLM – Electrolux AB (ELUXB), the world’s second-biggest home appliances maker, said it will eliminate 2,000 jobs after reporting third-quarter earnings below analysts’ estimates, and plans to close a factory …
Electrolux to expand Thai manufacturing base Read More
Martin Toft Sørensen aims to build the biggest fashion platform in Thailand through WearYouWant.com, which currently offers over 900 fashion brands to the Thai market. Some 15 years ago, when …
Danish entrepreneur shows Thailand how to dress Read More
Lift and escalator maker Kone reported a 14 percent rise in quarterly profit, as strong sales in China helped it buck a weaker trend in Finland’s manufacturing sector, Reuters reported. …
Kone profit rises as China market helps offset weak Europe trend Read More
An entrepreneur from Denmark seizes the opportunity to penetrate into the online Muslimah fashion industry, reported The Straits Times. IT is normal nowadays for young people to start their own …
Danish Entrepeneur sells Muslimah fashion in Kuala Lumpur Read More
Finnish corporation, Wartsila has won an order to supply equipment to the 184 MW Arun gas power plant in Indonesia. Wijaya Karya (Persero) awarded the contract to supply engineering and …
Finnish Wartsila secures gas-fired power project in Indonesia Read More
One of Nokia’s Chinese partners has leaked the price and specs of Lumia 1520, the first phablet that would be unveiled tomorrow at the Nokia world event in Abu Dhabi, …
Nokia Lumia 1520 specs and price leaked a day before official release Read More
The Danish Ambassador to Thailand, Cambodia and Myanmar Mr Mikael H. Winther attended the groundbreaking ceremony of Carlsberg’s new brewery in Myanmar – the first ever international brewery in the …
Groundbreaking of Carlsberg Brewery in Myanmar Read More
Mikritho is a Singapore-based upstart company, offering consulting services to other businesses which wants exposure in the Asian region. It took three men and one lunch to create a business. …
“Our business was born over a lunch” Read More
Saab Thailand has announced a Quiz Combat where combatants can win a full day at Defense & Security 2013, fly the Gripen fighter jet simulator and take away Saab merchandise, …
Become “Saab commander” for a day in a Gripen fighter jet simulator Read More
Raisio has taken its Benecol brand into another Asian market, with the launch of a range of smoothies in the Philippines, just-food.com reported. The Finland-based food group has teamed up …
Finnish Raisio launches Benecol in Philippines Read More
Thailand will purchase other six Swedish Gripen fighter aircrafts the next ten years, reported Swedish Newspaper Svenska Dagbladet. Thus the country would get 18 Gripen fighters. Svenska Dagbladet has the …
Thailand is said to want to buy more Gripen jets Read More
United Plantations Bhd plans to delist its shares from Nasdaq OMX Copenhagen A/S (Nasdaq CPH) and seek to transfer them to the Main Market of Bursa Malaysia, with completion slated …
United Plantations to exit Danish bourse Read More
Danish toymaker Lego is developing plans to expand throughout the Asia-Pacific region, using China as a new manufacturing and distribution centre, Warc.com reported. Speaking to Campaign Asia, a company official said …
Lego plans growth in Asia Read More
More European firms have expressed keen interest in locking in their Philippine investments, given the local economy’s robust growth, improvement in governance and the availability of young, skilled workforce in …
Scandinavian firms keen on setting up shop in The Philippines Read More
Taiwanese Primax Electronics announced on Tuesday 15 October that it has signed an agreement to purchase 70 percent of Denmark-based Tymphany, an acquisition expected to boost the company’s 2014 bottom …
Primax Electronics purchases 70 percent of Danish-based Tymphany Read More
The Danish ambassador to China, Mr. Friis Arne Petersen and Minister Counsellor, Ms. Marie Louise Flach de Neergaard, attended the Danish company Carlsberg’s ground breaking ceremony for a new brewery …
Danish Ambassador attends brewery opening ceremony in China Read More
Hennes & Mauritz AB of Sweden, the world’s second-biggest retailer, has firmed up plans to enter the Philippine retail market on its own to introduce the Swedish apparel brand in …
H&M firms up plans in The Philippines Read More
Nido Petroleum and Lundin Petroleum will in November 2013 start a highly anticipated two well drilling program in Indonesia targeting multi-million barrels of oil. Swedish listed Lundin, a A$7 billion …
Nido Petroleum, Lundin Petroleum to drill multi-million barrel oil targets offshore Indonesia Read More
After eight years in Shanghai the Norwegian Vidar Andersen is taking over the position as Head of Asia for DNB Bank based in Singapore. He replaces Erik Borgen, who has …
DNB Bank’s new head of Asia will continue the safe ride Read More