Business in Asia / China / Denmark / Finland / Hong Kong / Iceland / Indonesia / Malaysia / Norway / Philippines / Retail & Wholesale / Services / Singapore / Sweden / Taiwan / Thailand / Transportation, maritime

Ikea to raise prices worldwide due to supply chain problems

- by Gregers Møller - Leave a Comment

The Swedish furniture giant will raise prices by an average of 9 percent across its stores worldwide due to problems in the supply chain, TV2 writes. According to IKEA’s press contact in …

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Business in Asia / Construction, infrastructure / Norway / Singapore / Transportation, maritime

Singaporean yards agrees to defer $1.4 billion receivables from Borr Drilling for 2 years

- by Gregers Møller - Leave a Comment

The Norwegian company Borr Drilling Limited recently announced that it has reached agreements in principle with the company’s largest creditors, the Singaporean yards, to refinance and defer a combined $1.4 billion debt …

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Business in Asia / China / Denmark / Entrepreneurship / Manufacturing / Retail & Wholesale / Singapore / Thailand

Danish cosmetic company Ecooking is ready for Asia expansion 

- by Gregers Møller - 1 Comment

The Danish company Ecooking, which makes a wide range of cosmetics and skincare products, is ready for expansion into markets in Asia as well as the USA, JydskeVestkysten writes. Founded in 2015, …

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Business in Asia / Cambodia / Denmark / Manufacturing / Sweden / Trading & Logistics

Cambodia’s bicycle export increase: Denmark and Sweden part of main markets

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It has been a good year for Cambodia’s bicycle export and according to recent figures from the Ministry of Commerce, bicycle manufacturers in the country earned $514 million from exports …

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Banking, Fintech / Business in Asia / China / Healthcare / Norway

Norges Bank excludes Chinese Yunnan Baiyao on endangered animal concerns

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Norges Bank Investment Management (NBIM), which runs Norway’s Government Pension Fund Global (GPFG), has decided to exclude one of China’s top pharmaceutical companies, Yunnan Baiyao due to endangered animal concerns. …

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Business in Asia / Denmark / Hospitality / Norway / Services / Sweden / Thailand / Transportation, maritime

Thailand’s Phuket and Krabi welcomed TUI charter flights from Norway

- by Gregers Møller - 2 Comments.

The Tourism Authority of Thailand (TAT) recently welcomed TUI Nordic’s first winter 2021/2022 charter flights to Phuket and Krabi, as part of the tour operator’s series of charter flights from …

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Business in Asia / Philippines / Retail & Wholesale / Services / Sustainability / Sweden / Transportation, maritime

IKEA Philippines partners with Mober for e-vehicle delivery service

- by Gregers Møller - 1 Comment

IKEA Philippines has teamed up with the Filipino technology-logistics company Mober for its last-mile electric vehicle delivery to reduce carbon emissions, PhilStar reports.  The Swedish furniture giant is selling more and more …

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Business in Asia / Denmark / Hong Kong / Trading & Logistics / Transportation, maritime

Maersk to acquire Hong Kong-based LF Logistics, a premium omnichannel fulfillment company

- by Gregers Møller - 1 Comment

Maersk has reached an agreement to acquire LF Logistics, a Hong Kong-based contract logistics company, with premium capabilities within omnichannel fulfillment services, e-commerce, and inland transport in the Asia-Pacific region, …

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