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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Singapore is set to gain six new Asia-North Europe shipping routes, while Maersk-controlled Tanjung Pelepas in Malaysia will lose two, as part of a global reshuffle in shipping alliances. This …
Maersk shifts focus as Singapore gains six Europe routes Read More
Swedish digital banking company Vilja has expanded into Thailand, marking its entry into the ASEAN market. At a launch event in Bangkok, the company signed partnerships with four local firms …
Swedish company Vilja enters Thailand to drive digital banking innovation Read More
Tempur, a global sleep solutions brand from Denmark, launched a new experiential showroom in Uptown Bonifacio, Taguig. This follows the success of the first Tempur cinema in the same location, …
Danish company Tempur opens immersive showroom in the Philippines Read More
CS MEDICA A/S, a Danish MedTech specializing in pain management, autoimmune diseases, and stress-related disorders, has reached what the company would call a milestone with their Cannasen Pain Patch being …
Danish Pain Patch approved in Malaysia Read More
Danish shipping company Mærsk has broken an internal ban on shipping through Russia. Mærsk admits the mistake to ShippingWath. The company Shanghai Tieyang Multi-Model Transportation (TMT) Co. Ltd., in which …
Shipping company Mærsk breaks internal ban on routes Read More
Danish company Danfoss Philippines Inc. has joined forces with the Bases Conversion and Development Authority (BCDA) to help lower carbon emissions and boost energy efficiency in New Clark City, Capas, …
Danfoss to reduce emissions in Philippines Read More
Norway’s frozen cod exports to China have surged through late summer, while the EU has increasingly relied on farmed cod to address a sharp decline in fresh wild cod imports. …
China boosts Norway’s frozen cod imports as EU shifts toward farmed supplies Read More
Thailand and Sweden are advancing urban agriculture with innovative vertical farming technologies. In Thailand, DiStar Fresh is pioneering a hyper-local farming model, addressing the challenges posed by the tropical climate. …
Thailand and Sweden lead sustainable urban farming revolution Read More
Swedish fashion retailer H&M and Shanghai Fashion Week will launch a new collaborative collection with independent Chinese designer brand Garçon By Garçon, featuring womenswear, menswear, unisex apparel and accessories pieces …
H&M and Shanghai Fashion Week launch collaborative collection Read More
Vietnamese tech giant FPT has opened its first office in Stockholm, Sweden, marking a major step into the Nordic market. Located in Lindholmen Science Park, Gothenburg, the office aims to …
Vietnamese FPT opens new office in Sweden Read More
Swedish retail giant IKEA and its sister company Ingka Centres are ramping up their expansion in Asia with two major projects. This month, Ingka Centres, IKEA’s sister company, is opening …
IKEA expands in Asia with new projects in Shanghai Read More
The European Commission has rejected proposals from Chinese electric vehicle (EV) makers to adjust their prices in an attempt to avoid steep tariffs. The tariffs follow a months-long investigation led …
EU rejects Chinese EV price adjustments, raising trade tensions Read More
In a milestone for Arctic shipping, two Chinese container ships, Flying Fish 1 and NewNew Star, recently crossed paths just 750 nautical miles from the North Pole, showcasing the increasing …
Historic first: Chinese container ships cross paths in Arctic waters, marking growth in Northern Sea Route shipping Read More
Danish company Copenhagen Offshore Partners (COP) is investing $3 billion in the Philippines’ first offshore wind power project, targeting to generate 1-gigawatt (GW) of energy. The San Miguel Bay project, …
Danish firm investing $30m in Philippines’ first offshore wind project Read More
The Odense Robotics cluster visited Singapore to explore new collaboration opportunities in robotics and automation. Organized by the Danish Embassy in Singapore, the visit aimed to assess how Danish expertise …
Denmark and Singapore strengthen robotics ties Read More
A new EU law set to take effect on December 30 has sparked concern in Indonesia’s palm oil industry. Eddy Martono, head of the Indonesian Palm Oil Association (GAPKI), told …
New EU law sparks concern in Indonesia’s palm oil industry Read More
Several Chinese electric vehicle (EV) manufacturers are moving production to Europe. This is in response to the European Union’s increased import tariffs on EVs made in China. The EU’s new …
Chinese EV manufacturers shift production to Europe in response to EU tariffs Read More
A new study from Roskilde University has uncovered a significant connection between air pollution and increased infertility risk among Danish men. According to the research, for every 5 micrograms per …
Air pollution linked to infertility risk for Danish men, China in similar concerns Read More
Danish furniture company Jysk is closing its stores in Thailand after nearly six years due to challenges in retaining its customer base following Covid-19. “It was the franchisee, Boonthavorn Group, …
Danish furniture store Jysk closes in Thailand Read More
Swedish company Saab, whose Gripen Fighter jets recently were chosen to modernize the Royal Thai Air Force, is turning its attention to the Philippines. The Philippines is seeking to strengthen …
Swedish Saab aims for new order of gripen fighters from Philippines Read More
Amid rising geopolitical tensions, many investors are withdrawing from China. However, Norway’s $78 billion pension fund, KLP, is pursuing a different strategy. Instead of pulling out, KLP has increased its …
Norwegian KLP boosts efforts with Chinese mining firms Read More
Bangchak Corporation Plc, a leading Thai energy conglomerate, is committing 120 billion baht to expand its business operations, with a significant focus on the upstream petroleum sector. Central to this …
Bangchak’s expansion fueled by investments in Norway’s Okea ASA Read More
IKEA Philippines has launched their biggest price drop ever. Starting on September 1st, IKEA has lowered prices on essential items for Filipino homes. About 20 percent of the Swedish furniture …
IKEA Philippines with big price drop Read More
Researchers in Sweden have developed a promising blood test for diagnosing Alzheimer’s disease with high accuracy. The study, published in the Journal of the American Medical Association (Jama) on July …
Singaporean study explores Swedish Alzheimer’s blood test Read More
HMD Global, the Finnish company behind Nokia’s recent smartphones, has officially launched its own brand in Malaysia. The company, which has been producing Nokia-branded phones since 2016, is now introducing …
Finnish HMD enters Malaysia with new smartphone lineup Read More
A new strategic partnership has been made between Generator and Freehand Hotels, an award-winning developer and operator of experiential hostels and boutique hotels in Europe and the USA, and Dusit …
Dusit Hotels and Resorts and Generatorand Freehand Hotels in partnership to boost global expansion in new markets Read More
Carlsberg Group, the Danish brewing multinational, has officially opened its latest brewery in Foshan’s Sanshui District, Guangdong Province. The new facility, with an annual capacity of 500,000 kiloliters, marks a …
Carlsberg Launches New Brewery in South China Read More
Siriraj Hospital, part of Mahidol University’s Faculty of Medicine, has signed a Memorandum of Understanding (MOU) with Novo Nordisk Pharma (Thailand) Co., Ltd. This agreement aims to advance research and …
Siriraj Hospital and Novo Nordisk partner on chronic diseases research and development Read More
The Royal Thai Air Force has chosen the Swedish Gripen Fighter Jet over the US-made F16s. The decision was made after the selection committee had reviewed all of the details …
Thai Air Force chooses Swedish fighter jet Read More
Norway’s trade with Indonesia and Thailand saw notable shifts in the first half of 2024, with seafood and fertilizers emerging as key exports. According to recent data, seafood exports to …
Norwegian trade with Indonesia and Thailand shows growth Read More
Central banks in both the Nordics and Southeast Asia have been recognized among the world’s best-performing financial institutions, according to the latest Central Banker Report Cards from Global Finance magazine. …
Nordic and Southeast Asian central banks top global rankings Read More
The Royal Thai Air Force is expected to announce its selection of a new fighter jet this week, with the Swedish-made Gripen E-model emerging as the likely choice, according to …
Thai Air Force likely to choose Swedish gripen fighter jet Read More
Preferred by Nature (PbN), a Denmark-based organization, is teaming up with Sabah to conserve and restore the Silam Coast Conservation Area (SCCA) in Lahad Datu. This region, part of Sabah’s …
Denmark-based organisation PbN supports Silam Coast Conservation effort Read More
Norwegian energy giant Equinor has decided to halt its investment plans in Vietnam’s offshore wind sector, creating a significant setback for the Southeast Asian country’s green power ambitions. A spokesperson …
Norwegian Equinor Withdraws from Vietnam: Offshore Wind Plans Abandoned Read More
In the muddy, worn streets of the Klong Toey slum, a green roof glows like a beacon of hope amidst the dark brown surroundings. Small children in uniforms run around, …
Slum, hope and harmony Read More
For the first time, Danish companies will participate in the yearly Seafood Expo in Singapore organized by Diversified Communications. The seafood expo will feature the largest international representation of seafood …
Danish companies will participate in Seafood Expo in Singapore Read More
Wednesday China opened an anti-subsidy probe on imported dairy products from the EU, Channel News Asia writes. This comes just a day after the EU imposes higher tariffs on electric …
China’s ministry of commerce investigates EU dairy imports Read More
The Chinese are having fewer babies, and the population is getting older and older. This affects the Danish dairy company Arla, who needs to switch their focus from babies to …
China’s decline in births makes Arla rethink target groups Read More
Vietnam and Norway are strengthening their collaboration in marine aquaculture. That they are doing with a shared focus on sustainability and technological advancement. Norway, known for its expertise in the …
Vietnam and Norway strengthen sustainable aquaculture partnership Read More
The Danish Consumer Council has tested 38 products from the Chinese webshop Temu. 30 of the products fail completlely, and 11 out of 15 products for children had a safety …
Chinese webshop Temu’s products fail Danish consumer test Read More
Ericsson celebrates 118 years of technological advancement in Thailand this year. Since installing the nation’s first public telephone exchange in 1906, Ericsson has played a pivotal role in Thailand’s telecommunications …
Ericsson celebrates 118 years of innovation in Thailand Read More
Indonesia and Denmark have entered a landmark partnership. They aim to enhance maritime surveillance and environmental monitoring. This is achieved through the launch of 20 satellites for Indonesia’s Ministry of …
First Indonesian-Danish satellite for maritime surveillance launches today Read More
The Chinese e-commerce platform Temu has become the second most popular webshop among Danish consumers, according to a new analysis about Danish consumer habits from Dansk Industri, the Confederation of …
Despite Criticism, Chinese Webshop Rises in Popularity in Denmark Read More
The Thai Defence Ministry has extended the deadline for the United States and Sweden to submit final proposals in their bid to supply the Royal Thai Air Force with new …
Thailand extends deadline for jet fighter proposals from US and Sweden Read More
Laos plans to establish the Lao Bullion Bank to build gold reserves, enhance financial stability, and strengthen the Lao Kip. The bank will allow both individuals and legal entities to …
Laos to open gold bank Read More
Southeast Asia to overtake China in gross domestic product (GDP) and foreign direct investment (FDI) over the next 10 years, according to the “Navigating High Winds: Southeast Asia Outlook 2024 …
Southeast Asia to overtake China in GDP and FDI over the next 10 years Read More
Norway’s energy data and intelligence provider TGS is busy with 2D seismic survey assignments off the coast of Indonesia. While the firm has wrapped up one of these jobs in …
Norway conducts oil and gas surveys in Indonesia Read More
Three types of spicy Korean noodles previously banned from Denmark for being dangerously spicy has been allowed back on the shelves. The return was celebrated by Samyang Roundsquare, formerly known …
Spicy Korean noodles back in Denmark Read More
Volvo Cars’ sales rose 6% year-on-year in July to 57,447 cars, driven by an increase in fully electric vehicles in Europe, the Sweden-based automaker said on Friday 2 August 2024. …
Volvo’s electric cars drive global growth Read More
SEAC is a leading organizational and human resource development consultant company with headquarters in Bangkok. As of 1 August 2024, SEAC is part of the Swedish BTS Group AB – …
Swedish BTS Group acquires SEAC in Thailand Read More