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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Thailand’s Jay Mart (JMART), the mobile handset retailer, is tapping the undeveloped telecom market in Myanmar with a plan to open 20 shops there this year. The move comes after …
Thai retailer readies for mobile phone rush in Myanmar Read MoreTelenor Group, the major shareholder of Thailand’s Total Access Communication (DTAC), plans to introduce commercial third-generation (3G) mobile service in Myanmar next year after winning a license in a …
Telenor to launch Myanmar 3G Read MoreThe Chinese movie market is booming and production companies are scratching their heads to figure out how to tap this potential gold mine. Danish film company Zentropa is one of …
Danish Zentropa to create Chinese blockbuster Read MoreDanish film company Zentropa is currently in talks with several Chinese production companies about realizing a Sino-Danish movie production. That success is not going unnoticed in the Danish film industry, …
Danish film business aiming for China Read MoreIn the age of globalization and and outsourcing it is very unusual that a company actually moves production away from the east and back to the west. However, that is …
China – Danfoss moves part of production back to Denmark Read MoreOne of the biggest suppliers of fireworks in Denmark, T. Hansen, is accused of fiddling with regulations and selling illegal fireworks. According to the charges, T. Hansen had their Chinese …
Danish fireworks retailer accused of re-labeling products in China Read More
Malaysia’s SapuraKencana and Norway’s Seadrill have signed a $2.7 billion contract with Brazilian giant Petrobras for three flexible deep-water pipe-laying support vessels. The award was made to the duo’s 50/50 …
Seadrill, SapuraKencana gain $2.7bn order from Brazil giant Read MoreChina’s first Angry Birds theme park will open in September in Zhejiang Province, officials said yesterday. Construction of the theme park is progressing smoothly along a 1.5-kilometer stretch along the Qiantang …
China’s first Angry Birds theme park will open in September Read MoreQatar Airways has announced an expansion of its Boeing 787 services to Europe with the new aircraft being deployed on three Scandinavian routes. Qatar Airways and the Doha airport …
Qatar Airways ready with new aircrafts to Scandinavia Read More
Thailand’s Western University is making a back-door listing via the SET-listed Thai-Denmark Swine Breeder Plc. (D-MARK), and the process is expected to be completed in September. After the back-door listing …
Thailand’s Western University seeks back-door listing via Thai-Denmark Swine Breeder Read More
On Friday 21 June, Telenor celebrated its 16 years of existence in Thailand with a reception and cultural event at its Norwegian headquarters in Fornebu, western part of Oslo. The …
Telenor and Thailand celebrate longstanding affiliation Read MoreNorwegian Air has changed its on-board practices and will now offer free water on its long-haul flights as well as accept cash for purchase of extras like blankets, food …
Norwegian caves in to passenger complaints Read MoreOn 19 June, the Danish jewelry company Pandora officially opened its new Innovation Center east of Bangkok. The Danish ambassador was there to give a speech. Pandora’s Innovation Center …
Opening of Pandora Innovation Center in Thailand Read More
To serve the growing community of Nordic individuals in Asia, Nordea has opened a private banking branch in Singapore. Nordic businesses are growing in Asia and are thereby attracting more …
Nordea opens private banking branch in Singapore Read MoreCambodia’s Prime Minister Hun Sen on Wednesday warned garment workers that protests demanding higher wages could push manufacturers to quit the country. His appeal came after unions last week said …
Cambodian protests at H&M factory sparks warning from PM Read MoreSwedish clothing retailer Hennes & Mauritz is set to open its first Indonesian store in Gandaria City in September, as well as two other outlets soon afterward. Hindo Indonesia, …
H&M Gears Up for 3 Indonesian Stores as Retail Sales Growth Climbs Read MoreFinnish Pöyry Oyj did not violate OECD Corporate Social Responsibility Guidelines in its dam project in Laos. However, companies should assess the risks of similar projects more carefully and …
Finnish company off the hook in Lao dam project Read MoreCampbell Soup Company announced today that it has entered into an agreement to acquire Kelsen Group A/S from Maj Invest, a private equity firm, and several other investors. Based in …
China’s favorite cookie is no longer Danish owned Read MoreChina is increasing its presence in the resource-rich Arctic, with its second-largest domestic oil company acknowledging ongoing involvement in oil exploration and development in the far north. A source from …
China in Arctic oil exploration Read MoreA Swedish security solution and cash handling firm is looking to offer its cash handling solution in Indonesia during the third quarter in an attempt to tap growing cash …
Swedish security solution boosts presence in Indonesia Read MoreScania (M) Sdn Bhd, the Swedish truck marque in Malaysia, will open new dealer branches in Kuching, Bukit Kayu Hitam and Port Dickson by 2014-2015. Scania MD for South-East …
Swedish Scania to open 3 new dealer centers in Malaysia Read MoreLow-fare carrier Norwegian Air is off to a bumpy start with its new long-haul routes to Bangkok and New York. Passengers have complained bitterly in local media that they …
Passengers wail after flying Norwegian’s new long-haul routes Read MoreNorwegian browser software company Opera has opened a regional head office in Singapore today as it seeks to extend its reach in the Asia-Pacific region with a focus on developing …
Norwegian software company expands to Singapore Read MoreEconomic cooperation between Indonesia and Sweden has shown remarkable improvement in recent years as indicated not only in the increase in the number of visits between the countries’ senior officials …
Swedish companies aiming for Indonesia Read MoreSwedish made Koenigsegg, one of the fastest and most exclusive cars was unveiled to 200 VIPs and guests at a private launch event at the Ritz Carlton Millenia hoteln …
Swedish supercar introduced in Singapore Read MoreDenmark’s giant port operator and shipping giant A.P. Moller-Maersk will join hands with China’s Ningbo Port Co. Ltd to expand the third-biggest port in China with a total investment of …
Danish shipping giant A.P. Moller-Maersk to expand third-biggest port in China Read MoreThis week Finnair begins flying to Hanoi and Xi’an. Finnair is currently the only European carrier offering direct connections between the two cities and Europe. Finnair will operate service to …
Finnair opens routes to Xi’an and Hanoi Read MoreConsumers often want younger-looking skin, trusting products that reduce lines and wrinkles. Trouble is, product counterfeiters view that desire as a lucrative business opportunity to sell fake products under …
Swedish company battles counterfeit medical-cosmetics in China Read MoreDenmark’s largest telecommunications company, TDC, is considering cancelling their current deal with Swedish Ericson and instead letting controversial Huawei from China be in charge of TDC’s mobile net. TDC’s head …
Chinese telecommunications company causes political unrest in Denmark Read MoreThe carrier still believes that it is worth to fly winter pale, sun-starved Scandinavians to Thailand. After SAS in the spring temporarily chose to stop flights between Copenhagen and …
SAS to resume Copenhagen-Bangkok route Read MoreThe Danish government along with the liberal parties has decided to invest DKK 70 million in promoting export to 10 carefully selected high growth countries. Among them are China, Indonesia …
Denmark to promote export to Vietnam, China and Indonesia Read MoreLow-cost airline, Norwegian says it will establish a base in Bangkok to support its long-haul services between the Thai capital and Oslo after it introduces the new service over …
Norwegian establishes base in Bangkok Read MoreThe Norway-based Easy Meeting video conferencing company, announced on June 6 a new strategic partnership with telecommunications giant ZTE Corp. to develop and release new products. ZTE, based in Shenzhen, …
Norwegian company partners up with Chinese telecommunications giant Read MoreThe Danish jewelry company Pandora employs 5,000 employees at its factory in Thailand; making it the biggest in the country of its kind. By placing the factory Thailand, Pandora …
No labor unions at Danish jewelry factory in Thailand Read MoreGrowth can lead to new Pandora factory outside Thailand’s borders. Fears of political unrest and natural disasters are taken into consideration. Sales of Pandora jewelry is increasing in several key …
Danish Pandora jewelry considering new factory outside Thailand Read MoreOn May 29, 2013, the Danish pump manufacturer Grundfos celebrated its 20th anniversary in Thailand. On that occasion, the ambassador was invited to give a speech. 400 people attended the …
Thailand – Grundfos’ 20th anniversary Read MoreInter Ikea Center Group is investing 1 billion euros ($1.3 billion) in the already crowded Chinese shopping center space, in a bid to boost efforts in one of its …
Inter Ikea Center Group invests 1 billion euros in Chinese shopping center Read MoreA group of far-sighted investors in Danish Scandinavian Farms Pig Industries will produce pigs on a large scale for the booming market in China. The decision is made seeing as …
Danish pig farms to produce quality meat in China Read MoreFood safety has become a buzzword in China following a number of food scandals. This situation provides a great opportunity for Danish companies to offer their services either as …
The Chinese are hungry for Danish food quality Read MoreDanish dairy brand Arla is now getting substantial new business from the export to China of existing foodstuffs as well as newly developed products specifically aimed at the market. “The …
Arla sets sights on China’s massive milk market Read MoreDespite of the developments in Myanmar the past few years, the country is still not something most Danes consider when they are planning their next summer holiday. Danish Star …
First Danish travel agency offers trips to Myanmar Read MoreChinese-owned Swedish automaker Volvo Car Corp expects to be selling 200,000 cars a year in China by 2018, a senior executive said, two years ahead of its latest target …
With new China plant, Volvo hopes to hit 2020 sales goal early Read MoreDamansara Assets Sdn Bhd, a subsidiary of Johor Corporation (JCorp), will open the Angry Birds Theme Park at Johor Baharu City Centre (JBCC) by May next year. JCorp President …
Angry Birds Malaysia Theme Park To Open In 2014 Read More
Hong Kong’s Center for Food Safety said on 4 June 2013 that it has suspended the import of poultry, poultry products and eggs from parts of Denmark and the Netherlands. …
Hong Kong bans poultry import from Danish farms Read More
Thailand’s Prime Minister Yingluck Shinawatra this morning welcomed Mr. Jon Fredrik Baksaas, President and CEO of Telenor Group, Norway and Mr. Jon Eddy Abdullah, CEO of DTAC, at Violet room, Thai …
CEOs of Norway’s Telenor and DTAC visit Thailand’s PM Read MoreEight companies from Sweden have expressed interest in investing up to $500 million in total in Indonesia, Industry Minister M.S. Hidayat said on Sunday. The minister, who is part of …
Swedish Firms May Invest Up to $500m in Indonesia Read MoreGrundfos, the world’s largest pump manufacturer, is eager to invest more in Thailand and extend its product lines to electronic products this year. The quality of skilled labour makes Thailand …
Danish Grundfos eager to invest in Thailand Read MoreDanish investment group Sparinvest, is set to launch a remnimbi money market fund with one of China’s largest investment banks, Haitong Securities. This is the first fund launch from the …
Danish Sparinvest partners with Chinese investment bank for fund launch Read MoreDanish robot maker Universal Robots sees a potential goldmine in offering robots with a human touch to small enterprises on the mainland that are struggling with rising wages and a …
Danish robot maker sees a potential goldmine in China Read More
PYN Elite, Finland’s best-performing investment fund, is helping to drive a stock rally in Vietnam as it abandons Thailand, where its portfolio achieved annual returns of almost 25% for the …
Finnish fund abandons SET Read More