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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The 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
On Saturday 19 October the Thai-Danish company Designers Field opens a showroom in Panjit Tower in Thonglor, Bangkok. Designers Field develops Scandinavian interior design products. Describing them selves they write: We are …
Grand Opening of Designers Field Showroom Read More
Norwegian company Norske Skog has agreed to sell a plant in Thailand valued 33 million dollars. It is a Thai industry group who has bought the plant, newspaper Aftenposten reported. …
Norske Skog sells plant in Thailand Read More
Swedish budget fashion retailer H&M opened its first store in Indonesia at Gandaria City mall in South Jakarta on Saturday 5 October. H&M’s new store at Gandaria City offers a …
First H&M Opens in Jakarta Read More
On Tuesday 1 October around 110 businessmen, mainly from the Danish municipality Nyborg at Funen in Denmark, were gathered in Nyborg to learn more about the municipality’s large China venture, …
Danish Municipality to collaborate with Chinese company Read More
REUTERS: The boss of Lego Group carries two business cards – one the usual kind and the other a Lego mini-figure in his likeness, complete with beard and glasses, with contact details …
Asia’s rising wealth means more business for Lego Read More
C. Ponciano Manalo Jr. , Undersecretary for Trade and Investment Promotion in the Philippines is visiting Sweden on the invitation of MultiMind, a Swedish company established in the Philippines in the spring …
Philippines’ Government Official visiting Sweden Read More
Finnish researchers will design and develop an advanced wireless network for PSA Singapore Terminals to help the shipping centre integrate unmanned systems, Engineering and Technology Magazine reported. The VTT Technical Research …
World’s largest shipping hub to integrate unmanned systems Read More
Beyond a sleek minimalist look, Danish design encompasses a mindset, a philosophy which adds new dimensions to the general perception of design worldwide. With its distinctive Danish design, SKAGEN DENMARK …
SKAGEN DENMARK – Boosting Danish Design in Asia Read More
Finland’s VTT to install advanced wireless network for world’s largest transshipment hub in Singapore. VTT Technical Research Centre of Finland (VTT) has been selected to test and develop an advanced …
Singapore port installs Finnish network Read More
On 30 September Telenor, Schibsted Media Group and Singapore Press Holdings (SPH) announced that they are teaming up to create two joint ventures in online classifieds. The companies will provide high-quality …
Telenor, Schibsted and Singapore Press Holdings team up in online classifieds Read More
DiGi Telecommunications Sdn Bhd (DiGi) today launched a competition calling youths aged 18 to 25 to submit ideas that use mobile technology to create social and economic change for Malaysians. …
Two youths to represent Malaysia at summit in Oslo Read More
In 2008 Swedish based Mynewsdesk became part of the reputable NHST Media Group Asia based in Singapore. Mynewsdesk has turned out to be the energetic and fast growing little sister, …
”Mynewsdesk helps us understand the future” Read MoreAn inspection team from the Danish Ministry of Agriculture, Fisheries and Food found that approximately every fifth piece of imported fruit or vegetables from countries outside the European Union exceeded …
Too high levels of pesticide in imported fruits and vegetables from Asia Read More
Air France and KLM’s new Commercial Director, Mr. Matthieu Tetaud, has recently moved to Singapore. He shares with ScandAsia the airline’s vision and talks about its expansion in Scandinavia. AIR …
Air France and KLM’s new Commercial Director – Aiming for the best Read More
Telenor, the Nordic region’s largest phone company and one of two operators selected to build Myanmar’s telecommunications network, expects the license to be issued formally by the end of the …
Telenor eyes Myanmar wireless surge Read More
Swedish injection molder Nolato AB is building a dedicated medical manufacturing plant in China with capacity for 30 injection machines, as it sees its customers in the medical and pharmaceutical …
Nolato Medical expands its operations in China Read More
Fashion chain Lindex, a subsidiary of Finnish retail group Stockmann, is expanding its operations to China. The company has signed a franchising co-operation agreement with the Chinese retailer Suning, according …
Lindex expands to China with 100 new stores Read More
In another boost to Finland and China’s cooperation on environmental issues, GreenStream Network, a Finnish energy management services firm, has signed a deal with an affiliate of the State Grid …
Finland and China power ahead on environment Read More
Swedish polymer group Polykemi has announced plans to double the capacity of its plant in China in 2014. The company hopes to increase capacity to 20,000 tonnes from the current …
Swedish Polykemi to double China plant Read More
Swedish furniture store IKEA Singapore has recalled its rhubarb crumble pie that is sold in its Swedish Food Market. The background for the recall is that the words “egg powder” …
IKEA Singapore recalls its rhubarb crumble pie after label mix-up Read More
A new deal between Norway’s Arctic Nutrition and Holista Colltech of Malaysia will bring herring caviar omega 3 to the Southeast Asia market, NutraIngredients.com reported. With the new deal Holista Colltech …
Norway to sell omega 3 from herring caviar in Malaysia Read More
Danish Danfoss is right now at a historical breakthrough point on the Chinese market. The global producer of components and green tech solutions has taken the first step and now …
Danish Danfoss eyes billion kroner business in China Read More
The Finnish company Just Drink It Co., Ltd which has created the Angry Birds Fruit Juices brand launched in Thailand, has signed up the Finnish Formula 1 Champion, Mika Hakkinen, to …
Finnish Formula 1 star promotes Finnish drink in Thailand Read More
The wellknown Asian tuk-tuk vehicle has found its way to Greenland Tourists coming to Ilulissat in Greenland now have the chance to explore the town from an Asia-inspired tuk-tuk vehicle. …
Greenland had its first tuk-tuk Read More
On September 20, the EU and Singapore released the text of comprehensive free trade agreement (EUSFTA). Singapore is the EU’s largest trading partner in ASEAN and EU Singapore’s second largest. …
The EU-Singapore Free Trade Agreement in progress Read More