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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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
On October 27, 2024, the Vietnamese Ministry of Information and Communication honored 10 dedicated Swedish journalists for their significant contributions to the development of Vietnamese journalism. This recognition is part …
Swedish journalists in Vietnam honored for contributions to media Read More
Finland’s Minister for Foreign Trade and Development, Ville Tavio, led a Finnish business delegation to the Philippines from October 24-25. Companies like Wärtsilä Corp., KONE, and Ramboll Finland Oy joined …
Finnish delegation explores business opportunities in Philippines Read More
Filipino rock legend Ely Buendia surprised shoppers at IKEA Pasay City with a pajama-clad performance as part of the retailer’s Sleep Campaign. During the special event, Buendia serenaded attendees with …
Filipino Ely Buendia performs in pajamas for IKEA’s sleep campaign Read More
Chinese online store Temu is getting criticized for selling copies of Danish designs. This includes furniture and home decor, according to TV2. Danish design companies have found items on Temu …
Chinese Temu sells imitations of iconic Danish design Read More
Copenhagen Energy has received the Green Lane Certification from the Philippine Board of Investments, energynews reports. This allows the company to quickly move forward with its BuhaWind projects. The certification …
Copenhagen Energy secures certification for wind projects in the Philippines Read More
A recent report highlights that Chinese sellers on Temu are avoiding mandatory e-waste payments, which negatively impacts compliant Danish businesses. This situation results in compliant companies shouldering the financial burden …
Temu sellers avoid E-Waste payments, burdening Danish businesses Read More
Den Norske Bank (DNB) has announced its acquisition Carnegie Holding AB for about SEK 12 billion. This purchase will create DNB Carnegie, a new company combining both banks’ expertise in …
DNB acquires Carnegie, expands globally Read More
Copenhagen Infrastructure Partners (CIP) has become the first company to secure a pre-development Environmental Compliance Certificate for an offshore wind project in the Philippines. Granted by the Department of Environment …
CIP secures landmark approval for offshore wind project in the Philippines Read More
IKEA, the renowned Swedish furniture and home décor brand, is set to expand its presence in Thailand with the opening of a new branch in Chiang Mai, scheduled for 2025. …
IKEA plans to open fifth store in Chiang Mai by 2025 Read More
LEGO Group has launched a new campaign in Malaysia to promote creative play and family bonding in response to concerns over declining playtime opportunities. The campaign, titled “#LEGOSerlahkanKreativitiAndaMY,” is part …
LEGO launches campaign in Malaysia to encourage play Read More
Norway and Finland are key participants at this year’s Eco Expo Asia, held from October 30 to November 2 at Hong Kong’s AsiaWorld-Expo. The event, featuring over 300 exhibitors from …
Norway and Finland showcase innovations at Eco Expo Asia 2024 Read More
The Chinese shopping platform Temu continues to attract Danish consumers with its low prices. However, many shoppers are left questioning why they pay significantly more for similar items on European …
Danish consumers: Temu shopping platform sparks price disparities Read More
Finnish company Wartsila is ready to assist Vietnam in its energy transition with innovative internal combustion engine (ICE) technology. According to Wartsila’s vice president, Frederic Carron, this flexible ICE system …
Finnish company Wartsila to support Vietnam’s green energy transition Read More
BDMS Wellness Clinic, in collaboration with Bangkok Cancer Hospital Wattanosoth, organized the event “Voice of Care for Breast Cancer,” led by Dr. Tanupol Virunhagarun, M.D.,Chief Executive Officer of BDMS Wellness …
Voice of Care for Breast Cancer Event Read More
Swedish furniture giant IKEA has urged the Chinese government to introduce additional stimulus measures. This request arises as China faces a prolonged property crisis and ongoing economic challenges. Recently, the …
IKEA urges more stimulus support in China Read More
Swedish company Assa Abloy Group has launched a new $30 million factory in Hai Phong, Vietnam. As a leader in entrance automation and door control, the company plans to export …
Swedish company Assa Abloy opens $30 million factory in Vietnam Read More
Zeekr, the premium electric vehicle (EV) subsidiary of Geely, has announced its entry into Norway. The company will begin taking orders for the Zeekr 001 and Zeekr X later this …
Zeekr Makes Foray into Norway Read More
Cyan Renewables and Blue Water shipping enter new partnership to find new solutions for the offshore wind sector in the Asia Pacific. Singapore-based Cyan Renewables, focused on offshore wind vessels, …
Cyan Renewables and Blue Water shipping enter new partnership Read More
Danish hearing brand Audientes A/S and Chinese partner Shenzhen Hengtong have won first prize in the Electronic Information category at the “Tide Rising in the East, Winning in Haining” Entrepreneurship …
Danish hearing brand and Chinese partner win entrepreneurship competition Read More