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.
Planning to live, work or do business in Thailand? Expat Guide Thailand provides practical information for expatriates, while EuroThaiLink introduces Thai businesses to European products, technology and industrial machinery.
Swedish fintech firm Vilja will establish a development center in Kuala Lumpur, Malaysia, by 2025, investing RM50 million over the first five years. The move aligns with Vilja’s plans to …
Swedish Fintech Vilja to open development center in Kuala Lumpur Read More
Swedish furniture giant IKEA is actively seeking to strengthen its market presence in the Philippines through innovative initiatives, including discussions around potential in-mall pop-ups to enhance customer engagement and brand …
IKEA plans pop-ups to expand in the Philippines Read More
The Danish Environmental Protection Agency has taken action by sending warning letters to around 1,000 Chinese companies. These warnings address the companies’ responsibilities for waste management to ensure they contribute …
Danish Environmental Protection Agency warns 1,000 Chinese companies Read More
According to Finnish technology group Wärtsilä, Vietnam could save up to €26 billion annually by transitioning to a carbon-neutral electricity system by 2050. Wärtsilä, a global leader in technology solutions …
Wartsila: Vietnam could save billions by 2050 with carbon-neutral power Read More
Danish offshore wind developer Ørsted has signed an agreement to sell a 50% stake in its Greater Changhua 4 offshore wind farm to Taiwanese Cathay Life Insurance for DKK 11.6 …
Ørsted sells half of its stakes in Taiwanese offshore wind farm Read More
Swedish companies are more optimistic than ever about doing business in the Philippines, according to a report released by the Embassy of Sweden in Manila and Business Sweden on December …
Swedish businesses see big potential in the Philippines Read More
The Danish Consumer Council, Forbrugerrådet Tænk, is warning shoppers about foreign webshops disguised as Danish stores, often using Danish names like “Esbjerg Modehus” or “JensenStil.” Despite their Danish branding, these …
Consumer Council warns: Foreign webshops pose as Danish stores Read More
Chinese automaker BYD, the world’s largest producer of electrified vehicles, plans to kickstart production at its new factory in Hungary by late 2025. This innovative facility aims to produce 200,000 …
BYD eyes Norway as key market in ambitious expansion plans Read More
From Sweden to Copenhagen, Doha, Puerto Rico, Maldives, then on to Athens and now to Bangkok. A career within hospitality can take you around the world – which is what …
From Sweden to Bangkok’s world of luxury hospitality as Four Season’s new food and beverage manager Read More
A new Norwegian innovation, the “Aquadrone,” is making waves in the fight against marine pollution. Recently deployed in Trondheim’s harbor, this cutting-edge drone can navigate the water and collect waste, …
Norwegian Aquadrone cleans marine waste in Trondheim and Singapore Read More
Indonesia and Sweden are enhancing their healthcare collaboration through the Sweden-Indonesia Sustainability Partnership (SISP) Healthcare platform. Team Sweden, which includes the Swedish Embassy and Swedish companies, launched this initiative in …
Indonesia and Sweden strengthen healthcare cooperation Read More
Swedish Ambassador to Thailand, Anna Hammargren, recently visited Ericsson’s 5G Innovation & Experience Studio in Chonburi, emphasizing Sweden’s support for Thailand’s digital transformation. During the visit, Ambassador Hammargren praised Ericsson’s …
Swedish Ambassador highlights innovation at Ericsson’s 5G studio in Thailand Read More
On November 30, Her Majesty Queen Suthida visited the “2024 Bangkok World Para Ice Hockey Championships C-Pool” held at the Thailand International Ice Hockey Arena. The event, hosted by the …
Thailand’s Queen visited Para Ice Hockey Championships featuring Finnish team Read More
Copenhagen Infrastructure Partners (CIP), a leading Danish offshore wind power developer, has expressed its willingness to collaborate with Vietnamese state-owned enterprises (SOEs) to advance renewable energy initiatives. Stuart Livesey, CEO …
Danish CIP partners ready to collaborate with Vietnamese SOEs in Offshore Wind Development Read More
Vietnam has imported more than 24,000 metric tons of Norwegian salmon in the first ten months of 2024, establishing itself as one of Norway’s largest seafood markets in Southeast Asia. …
Vietnam imports over 24,000 tonnes of Norwegian salmon in 10 months Read More
The Embassy of Denmark in Singapore recently celebrated a significant event with the naming ceremony for the A.P. Møller, one of the world’s largest methanol-powered container ships. The vessel arrived …
Maersk launches one of the world’s largest methanol-powered container ships with naming ceremony in Singapore Read More
The Chinese cargo ship Yi Peng 3 is under increasing scrutiny following reports of its suspicious maneuvers over three crucial cables connecting Sweden and Denmark. On November 7, 2024, the …
Yi Peng 3 suspected of trying to sabotage cables between Sweden and Denmark Read More
Danish pharmaceutical giant Novo Nordisk is striving to increase capacity for its blockbuster medications, Ozempic and Wegovy. To ramp up production, Novo Nordisk will focus on hiring outside of Denmark, …
Novo Nordisk expands footprint in China with recruitment shift Read More
Vietnamese Prime Minister Pham Minh Chinh met with Ericsson CEO Borje Ekholm in Hanoi on November 25 to discuss advancing Vietnam’s digital transformation. Chinh highlighted Vietnam’s strategic focus on digital …
Vietnam’s PM meets Ericsson CEO to strengthen digital partnership Read More
Hemming Van Hemming Van is a man of many titles: the spring roll heir, a second-generation immigrant, a businessman, and Hero of the Year in Funen. However, becoming the successor …
Hemming Van: From Daloon in Nyborg to coconut plantation in Thailand Read More
Finnair is canceling around 300 flights due to a strike by pilots on 9th and 13th December 2024. The strike will affect flights to several destinations, including Scandinavian cities and …
Finnair cancels 300 flights due to pilot strike Read More
The Norwegian airline Norse Atlantic Airways is establishing operations at Arlanda. Ahead of the winter season, the company is launching a direct route to Bangkok, Thailand, according to a press …
Norwegian airline launches direct Thailand route from Arlanda Read More
The Laotian Tourist Police are investigating the deaths of two young Danish women, aged 19 and 20, who died from methanol poisoning in the party town of Vang Vieng. The …
Laos Tourist Police to Issue Statement on Methanol Deaths Next Week Read More
A Danish-Filipino partnership is boosting offshore wind workforce development in Northern Luzon. Buhawind Energy Philippines, a joint venture between PetroGreen Energy Corporation and Copenhagen Energy, is spearheading efforts alongside a …
Danish-Filipino partnership drives jobs in Northern Luzon Read More
Swedish luxury lifestyle brand Golden Concept has opened its first Malaysian boutique in Pavilion Mall, Kuala Lumpur. Known for premium Apple Watch and iPhone cases, the brand targets consumers seeking …
Swedish luxury brand Golden Concept expands to Malaysia Read More
Finnair marked 10 years of direct flights between Helsinki and Phuket, celebrating its inaugural journey on November 14, 2014. Initially launched as a three-times-weekly service, the route has grown in …
Finnair marks 10 years of Helsinki-Phuket flights Read More
PensionDanmark, managing $51 billion, is amplifying its commitment to clean energy in Asia, prioritizing sustainability as a key focus for 2025. Current projects include wind and solar ventures across Vietnam, …
PensionDanmark expands Asian clean energy investments Read More
Novo Nordisk has officially launched its weight loss medication Wegovy in China. This move opens access to over 500 million potential candidates for treatment by 2045. Regulatory approval and market …
Novo Nordisk launches Wegovy in China Read More
Several Danish companies with ties to the Royal Family are now adapting to the news that they will lose their royal warrants, which have symbolized quality and prestige for decades. …
Danish Royal Warrant loss: Impact on exports to Asia Read More
Carlsberg Malaysia is celebrating its 55th anniversary with an impressive investment of RM343 million to transform its brewery. This initiative aims to boost growth and integrate sustainable practices into its …
Carlsberg Malaysia invests RM343 million to enhance brewery and promote sustainability Read More
The Embassy of Denmark in Singapore recently announced a significant milestone in fintech collaboration. This achievement came with the signing of a Memorandum of Understanding (MoU) between Copenhagen Fintech and …
Danish Embassy in Singapore celebrates MoU between Copenhagen Fintech and the GFTN Read More
Swedish technology firm Hexagon AB will begin operations at its new South China headquarters in Shenzhen, Guangdong province, by the end of 2025. Hexagon’s Shenzhen base will provide support for …
Swedish tech group Hexagon to launch Shenzhen operations in 2025 Read More
Danish investment company Saxo Bank has appointed Damian Hitchen as the new leader for the Asia-Pacific and Middle East regions. Hitchen, who has been with Saxo since 2021, now has …
Saxo Bank appoints new leaders in Singapore for Asia-Pacific expansion Read More
Donald Trump is gearing up to confront China once again by threatening to impose additional import tariffs starting next year. These potential tariffs could significantly impact other Asian economies. Economists …
Trump’s trade policies spark new concerns for Asian economies Read More
Norway may soon export live snow crab to China, marking a significant opportunity for the fishing industry, especially in Finnmark. During recent talks in Beijing, Norway’s Minister of Fisheries and …
China and Norway discuss snow crab export opportunities Read More
Ericsson’s chief predicts that investing in new infrastructure will help industries like manufacturing and healthcare grow. Andres Vicente, the head of Ericsson for Southeast Asia, Oceania, and India, has asked …
Ericsson chief urges Thailand to lower fees to speed up 5G Read More
The Anglo-Swedish pharmaceutical concern AstraZeneca is building a US$1.5 billion manufacturing facility in Tuas South, Singapore. This will create over 800 jobs in engineering, technical services, and supply chain …
AstraZeneca breaks ground on Singapore facility, creating 800 jobs Read More
Peikko Group, a company that makes eco-friendly construction materials, just celebrated one year since opening its factory in Malaysia. This factory supports Malaysia’s green goals, which are part of a …
Peikko marks one year in Malaysia, driving green construction goals Read More
Acclime, a leading provider of corporate governance and advisory services in Asia and major global markets, announced today its strategic partnership with Danish Industry (DI). This collaboration aims to deliver …
Acclime enters strategic partnership with Danish Industry to boost services in Asia-Pacific Read More
The cryptocurrency market has experienced significant growth over the past decade, with Bitcoin taking the lead as the first and most valuable digital currency. Bitcoin’s emergence was followed by a …
Bitcoin vs. Altcoins: Exploring Effective Trading Strategies Read More
Trafalgar Tours is hosting its first travel fair at Plaza Singapura, Singapore, from November 6 to 10, featuring discounts on European trips, with a special focus on Scandinavia. Decorated like …
Discounts on Scandinavian travel at Trafalgar Tours’ showcase Read More
Pandora experienced a significant 11 percent revenue growth in the third quarter of 2024, but the Chinese market stands out with a 33 percent revenue decline. The Danish jewelry producer …
Pandora’s revenue drops in China despite global growth Read More
Swedish solar cell maker Midsummer has teamed up with defense company Saab AB to explore the creation of a 200-megawatt solar cell factory in Thailand. The project aims to boost …
Swedish Midsummer and Saab partner on solar cell factory in Thailand Read More
In a groundbreaking development, Chinese electric vehicle (EV) manufacturer BYD has surpassed Tesla in revenue for the first time in a single quarter. As the race for dominance in the …
BYD surpasses Tesla in revenue amidst new tariffs in Europe and USA Read More
The competition among Chinese electric vehicle (EV) manufacturers has intensified in Denmark, with brands like Xpeng and BYD vying for prominence in the Danish market. According to consumer economist Ilyas …
Competition among Chinese Electric Vehicles grows in Denmark Read More
PT Lundin Industry Invest is making significant progress on its latest project, the Kapal Serbu Ringan (KSR), or Fast Attack Craft. This advancement follows a collaborative agreement signed during the …
PT Lundin advances with new fast attack craft model Read More
Top Swedish companies, which have been investing in Malaysia’s industrial development since the country’s independence, are now turning their expertise toward the nation’s green economy transition. This initiative aligns with …
Swedish investment in Malaysia’s green transition Read More
The European Commission has initiated an investigation into the Chinese online retailer Temu, focusing on whether the platform complies with EU laws regarding the sale of illegal products. This probe …
EU investigates Temu for compliance with product regulations Read More
On October 30, 2024, Denmark-based A.P. Moller-Maersk opened its new $4.8 billion (P280 billion) distribution facility in Calamba City. This significant investment represents a crucial step toward enhancing the Philippines’ …
New Maersk facility opens in the Philippines Read More
AstraZeneca’s China president, Leon Wang, is now under investigation by Chinese authorities, the company announced in a press release. Earlier this fall, Bloomberg News reported that several current and former …
AstraZeneca’s China president under investigation Read More