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 Finnish company Scanfil with production facilities in among other places China has upgraded its expected turnover for 2013 following its newly released half year result which showed a EUR …
Scanfil upgrades expectations for 2013 Read More
Lundin Petroleum AB (Lundin Petroleum) of Sweden will start exploring a new area offshore north eastern Indonesia. The new area has been awarded Lunding because another area, it had originally …
Lundin Petroleum to explore new area in Indonesia Read More
MatzForm has recently opened its new shop at 302 Jalan Besar in Singapore, offering high quality, classic Danish designed furniture. Soren Matz, the founder of MatzForm, talks to ScandAsia about …
MatzForm introduces Mid-Century Danish Furniture in Singapore Read More
Passenger cruise ship operator Genting Hong Kong Ltd said on July 31 it and other shareholders will sell a total of 23 million shares in Norwegian Cruise Line Holdings Ltd. …
Genting Hong Kong and other shareholders to sell 23 million Norwegian Cruise Line shares Read More
The book “Winning Without Loosing” written by the Danish Entrepreneur Martin Bjergegaard, was launched in Singapore on Thursday 25th of July at The Hub Singapore, National Youth Council Academy, 113 …
Martin Bjergegaard’s book launch: Winning Without Loosing Read More
Sweden’s Lundin Petroleum has agreed on a new production sharing contract off Indonesia to replace existing acreage that has been declared a protected area. The company said on July 30 …
Swedish Lundin Petroleum in Indonesian block swap Read More
Tesla Motors Inc. (NASDAQ:TSLA), a California-based electric car manufacturer, has just started their deliveries for the European market. The company announced on July 27 that its Supercharger station in Europe …
Tesla Motors Inc (TSLA) expands in Europe and China, building Supercharger in Norway Read More
Nokia Indonesia unveiled on Friday its new low-cost phone variant the Asha 210 that bridges the feature phone and the smart phone. The dual-SIM phone would be available in August …
Indonesia gets new Nokia Asha 210 Read More
The Yuan or Renmimbi as it is officially called in China overtook Thailand’s Baht and the Norwegian Krone, SWIFT said in a statement today, adding that its usage slipped 1.3 …
Yuan overtook Thai Baht and Norwegian Krone Read More
China’s solar panel manufacturers have received surprise help from Danish Trade Minister Pia Olsen Dyhr in their dispute with the European Commission which on June 4 decided to impose provisional …
Danish Trade Minister against EU blockage of China’s solar panels Read More
Thai travelers are likely to increase their budgets over 92 percent on their next trips according to the latest Visa Global Travel Intentions Study. The study indicates Thai’s travel budgets will …
Thai tourists are doubling their travel budgets Read MoreSweden’s trade surplus declined to SEK 4 billion in June from SEK 5 billion in May, a report from Statistics Sweden showed Friday last week. But there is still a surplus on …
Swedish Trade Surplus Declined In June Read More
Sweden is becoming a more popular travel destination than ever before, with tourist figures rising from 8.9 million in 2008 to 10.9 million in 2012, according to a new report …
Swedish tourism up by 2 million over 4 years Read More
Yara, the world’s biggest nitrogen fertiliser maker by sales volume, said strong demand from farmers for its premium crop nutrients helped offset pressure on prices from Chinese competitors. The Norwegian …
Yara beats profit forecast on record fertilizer deliveries Read More
Finnish paper and packaging group Stora Enso deferred a 1.6 billion euro ($2.1 billion) project in China in a move to safeguard cash flow that analysts said pointed to a …
Stora Enso delays China investment to protect cash Read More
Hosted by Southeast Asia General Manager Jean-Louis Macey, the grand opening of Sandvik Coromant Productivity Center in Bangkok was held on July 10 in presence of Swedish ambassador Klas Molin. …
Opening of Sandvik Coromant Productivity Center Read More Stora Enso is suffering from falling demand from print media in Europe. The group said it wanted to accelerate its development in China after receiving Chinese approval to build two …
Finnish paper maker Stora Enso eyes China project Read More
Maersk Line has deployed the world’s largest container ship on its China services to serve the nation’s growth in foreign trade. The first of the series of Triple-E vessels owned …
Maersk’s massive container vessels to deploy on Asia-Europe route Read More
Finnish mobile maker Nokia shipped fewer phones than forecast in the second quarter, despite a 32 percent rise in sales of its flagship Lumia smartphone. Shares traded down 4.26 percent after …
Nokia misses estimates; sales to China halve Read More
Investors in China may feel more upbeat if they consider the evidence of growth there in the latest results from Swedish company Alfa Laval, which makes equipment for heat transfer, …
Sweden’s Alfa Laval points to stability in Chinese market Read More
Loss-making Norwegian solar equipment maker Renewable Energy Corporation will split the company into separate solar and silicon divisions, independently list the two, raise cash and move out of Norway, it …
Norwegian REC to base its solar business in Singapore Read More
The 2014 IKEA Catalogue will be launched in Sweden, many parts of Europe and the United States in early August. In Thailand, the catalogue will be launched at the IKEA …
2014 IKEA Catalogue to be launched in Thailand on August 27 Read More
In response to significant growth in the market and the global demand in many enterprises, Double A has invested USD 6.1 million to upgrade its pulp production line in Thailand …
Double A invests in technology from Finland to upgrade Thai pulp plant Read More
Mark Hallum will take over as managing director of Volvo Car Manufacturing Malaysia Sdn Bhd from David Stenstrom, who has moved on to the role of senior director of Manufacturing Engineering …
Volvo Malaysia appoints Mark Hallum as managing director Read More
The food fair SIAL 2013, Shanghai was a great success for Scandic Foods Asia; the interest for Swedish food was constant throughout the entire fair, reports the company. More than …
Scandic Food a success at SIAL Shanghai Read More
FLSmidth, a Danish industrial conglomerate, has settled out of court a civil lawsuit in the Philippines by accepting to be paid $415,000 in compensation for damages. The agreement was signed on …
FLSmidth wins Philippine law suit Read More
Danish educated head of Google in China, Dr John Liu, will leave Google after six years as the head of its business in China. John Liu earned his Ph.D. in …
Danish educated head of Google in China steps down Read More
Swedish Healthcare has started training Chinese medical staff With the Beijing-based Intech Rehabilitation Hospital as their partner. A recent course focuses on the management of startup nursing homes and rehabilitation …
Swedish Healthcare training Chinese medical staff Read More
Patrik Brummer, founder and chairman of the Swedish hedge fund Brummer & Partners, expressed his faith in the Philippine economy over the next decade when he on 9 July introduced …
Swedish faith in the Philippine economy Read More
Digi Telecommunications – the Malaysian-Norwegian mobile operator – is pushing ahead its plans to provide “Internet for All”. A new promotion package is offering DG Postpaid bundled with a free …
Digi: Internet for All Read More
Malaysia’s Government Transformation Programme (GTP) and the Economic Transformation Programme (ETP) have been commended by Norway. Norway’s Foreign Affairs Minister, Espen Barth Eide, said it was very important for Malaysia …
Norway commends Malaysia’s strategic focus to achieve high income nation status Read More
Finland’s Nokia and Germany’s Siemens Communications have jointly entered Myanmar telecommunication market after the Directorate of Investment and Companies Administration issued a temporary registration to Nokia Siemens Networks Myanmar Ltd …
Nokia Siemens Networks enters Myanmar Read More
Blims Fine Furniture, a maker of stylish furniture in the Philippines, is seeking partnership with leading Swedish retailer Ikea following reports that the company plans to expand operations in the …
Filipino Blims Fine Furniture seeks partnership with Ikea Read More
Telenor Group has named the management team that will lead its new Myanmar business, including appointing Petter Furberg as Chief Executive Officer (CEO) of Telenor Myanmar, effective from when the …
Telenor moves management team in Thailand to head Myanmar business Read MoreDanish oil and shipping group A.P. Moller-Maersk has signed a jack-up rig contract worth about $54 million with a unit of Malaysia’s Petronas. Maersk Drilling, a unit of the …
Maersk signs $54 million contract with Malaysian Petronas Read MoreAlthough the Chinese economy is growing slower than before, Swedish technology companies continue to recruit more people in China. “Our assessment is that the Swedish technology companies in China …
Swedish technology companies recruit heavily in China Read MoreMyanmar Communications ministry hails operators’ retail rollout roadmaps, which will see cost of SIM cards fall substantially. Ooredoo and Norwegian Telenor, the successful applicants for two mobile licenses in …
Myanmar SIM-cards will be 200 times cheaper with Telenor Read MoreSwedish polymer manufacturer Nolato is expanding its production facility in Beijing, China with an additional 2,200 square meters of space. The company develops and manufactures polymer product systems in medical …
Swedish medical company expands in China Read MoreSwedish fund manager Brummer & Partners is establishing a $120 million private equity fund dedicated for the Philippine market. Brummer & Partners chairman and founder Patrik Brummer told reporters …
Swedish fund ready with $120 million for the Philippines Read MoreAfter a great deal of delays the exclusive Danish fur shop Birger Christensen is now taking the first step in a China offensive with the opening of a showroom in …
Danish fur shop to open showroom in Beijing Read More
On June 27, Bang & Olufsen held the grand opening of its brand new flagship store in Xintiandi district of Shanghai in presence of the Danish Consul General Mr. Karsten …
Bang & Olufsen’s new flagship store opens in Shanghai Read MoreThe number of Chinese overnight stays has doubled from 2009 – 2012. Visit Denmark which is in charge of marketing Danish tourism reports that numbers have gon up from 55,00 …
Chinese flock to Denmark Read MoreChina is investigating global packaging giant Tetra Pak for “abusing” its dominant market role, following earlier probes into milk powder producers and drug makers. The State Administration for Industry and …
Swedish Tetra Pak probed over monopoly in China Read MoreDenmark based Carlsberg and its partner Myanmar Golden Star (MGS) will begin operating their first factory by the end of 2014, according to MGS Company. Early this year, Carlsberg and …
Carlsberg to open Myanmar factory by end of 2014 Read MoreSwedish home furniture giant Ikea Group is cooperating with Chinese solar company Hanergy Holdings Group Co Ltd on a grid-connected solar power generation project for all of the Ikea stores …
Ikea enters Chinese co-operation on solar power generation Read MoreThe Museums of Odense, which is a conglomerate of seven different Odense based museums, are ready to strike a deal with Danish cookie giant on branding by using H.C. …
H.C. Andersen is going to brand cookies in China Read MorePreviously Swedish owned, car manufacturer Volvo Cars is currently seeing a rapid growth. Part of the reason is that Volvo Cars is now owned by the Chinese car manufacturer, …
Volvo during great under Chinese owner Read MoreVolvo Group has earmarked 5 billion baht to expand its nationwide sales and service network and Bangkok truck assembly plant. CEO Olof Persson said recently that the Swedish truck …
Volvo Group invests in Thai output base for Asia Read MoreThe Swedish-made supersonic Gripen plane is emerging as the fighter aircraft being considered by the Philippine Air Force for its long-overdue modernization program. A random interview conducted by the Philippines …
Filipino pilots eye Swedish Gripen fighter jet Read MoreSonion Philippines Inc., a unit of Denmark’s Sonion, is investing $30 million to expand its operations and hire more employees in the Philippines. Sonion Philippines general director Niels Ole Jeppesen …
Danish hearing aid manufacturer to hire 800 Filipinos by end of 2014 Read More