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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The Indonesian fintech AwanTunai has gotten the support from OP Finnfund Global Impact Fund I in the form of 5 million US Dollars in equity. OP Finnfund Global Impact Fund …
Finnish fund supports Indonesian fintech Read More
Malaysian airlines introduce a carbon levy collection, which will come into effect when the Malaysian Aviation Commission (MAVCOM) gives their final approval. According to the Malaysian minister of Transport Anthony …
Malaysian airlines to introduce carbon levy Read More
At least six big Chinese companies has expressed interest in the small northern city of Kirkenes in Norway. However there is different opinions on whether or not to accept. The …
Chinese companies interested in Kirkenes Read More
The first “Invest in China” event of 2024 was held in Denmark and hosted by China’s Ministry of Commerce. Peter Glinvad chair member of the North Board of Danish Chamber …
“Invest in China” event to push collaboration with Denmark Read More
The Swedish fashion company H&M has announced that it will be collaborate with Shanghai Fashion Week on a new collection. This collection will be created in partnership Chinese local designers. …
H&M collaborates with Shanghai Fashion Week Read More
Three experts from Copenhagen University warn Denmark not to recruit foreign nurses from India and the Philippines, as it can result in more diseases and ultimately higher mortality rates …
Experts warn Denmark against recruiting Filipino, Indian nurses Read More
Swedes will be amused by the sight of the name, since its meaning is ’cutting area’ in Swedish, while Danes will get excited; encouraged by the prospect of possibly have …
A ’hygge’ in Penang, Malaysia fusing cuisines Read More
The CEO of Scania, Christian Levin, brings attention to the fact that Chinese companies such as BYD Co. are expected to expand their market to also make electric trucks. BYD …
Scania CEO warns that Chinese BYD should be taken seriously Read More
A Chinese delegation led by Ling Ji, the Vice Minister of Commerce, visits Copenhagen with the goal of attracting more foreign businesses. The delegation visited Denmark’s largest business organization, Dansk …
Chinese vice minister visits Copenhagen to attract companies Read More
The first two LNG-powered, wind assisted CO2 transportation ships have been launched in China. The ships are a part of the Norwegian Northern Lights project, which is one of Norway’s …
Liquid CO2 carriers launched in China Read More
A Chinese drugmaker applied for approval on 3 April 2024 to sell their biosimilar Ozempic drug in China. This potentially challenges the expansion plans of Novo Nordisk in China, who …
Chinese drugmaker seeks approval of Ozempic-like drug Read More
Generally foreign businesses have been very interested in the green transaction China has been making recently. However, especially the Danish technology and engineering conglomerate Danfoss has put a big focus …
Danfoss embrace new green opportunities in China Read More
IKEA Malaysia will be giving out free ice cream all day today. All you have to do is “Meow” three times. This is happening to make up for an April …
IKEA Malaysia hands out free ice cream Read More
The Swedish Infrastructure consultancy AFRY announced yesterday, 2 April 2024, that they have been hired as owner’s engineer for a solar project in the Malaysian state of Kedah. The contract …
AFRY hired for solar project in Malaysia Read More
A Swedish firm named 6G Digital Private Limited, acquire 25 % stake in the Singaporean Fintech named FlexM. The deal has been valued at a price of 12.5 million US …
Swedish firm gets stake in Singaporean fintech Read More
Finland’s Minister for Foreign Trade and Development, Ville Tavio, has stated to the media Thai PBS World that Finnish companies are ready to cooperate with Thailand to establish a more …
Finland offer Thailand knowledge on circular economy Read More
The Swedish manufacturer Nordcell has announced its plans to build a solar manufacturing plant in northern Sweden. This is a part of a bigger goal to make it easier for …
Nordcell wants to compete with China Read More
IKEA Singapore launched a fake new collection with the name “Invsbål” on 1 April 2024, better known as april fool’s day. The collection’s name refers to its lack of visibility. …
IKEA launches invisible collection on April fool’s day Read More
The Finnish lift and escalator company KONE Corporations wants to expand its business in China. Over the next few years the company wants to hire thousands of employees. According to …
Finnish lift firm wants to expand in China Read More
During a conference between Denmark and Vietnam it was stated that it would be relatively easy for workers in the oil and gas industry to transfer to the off-shore wind …
Many jobs in Vietnamese wind project Read More
The Danish woman Siri Nordhejm has with her U.K. business partner, Ann MacLellan, co-founded MYbarre Fitness, which now has two studios in Shanghai, and a third opening in May. Siri …
Danish woman building fitness chain in Shanghai Read More
The Finnish Senior researcher at the Bank of Finland Institute for Emerging Economies, Tuuli McCully, stated that regional economic and financial integration remains an important strategy in Asia while many …
Finnish researcher comments on Asia’s business model Read More
With the official declaration of Defence Minister Prabowo Subianto becoming Indonesia’s next president, the interest of foreign investments has increased in the new proposed capital, Nusantara. Delegations from among other …
Indonesia’s new capital Nusantara attracts foreign investors Read More
The Norwegian Professor Dr. Carl F. Fey praised the development China has made in green innovation. He spoke about this at the annual Boao Forum conference. The focus at this …
China’s green innovation recognized by Norwegian Professor Read More
115 medals were awarded to winners from Cambodia, China, Finland, Norway, Taiwan, Thailand, USA, UK and Czech Republic at the International Brewing & Cider Awards. A panel of 38 international …
Scandinavian and Southeast Asian countries win medals at brewing awards Read More
Different Finnish enterprises aim to expand in different sectors in Vietnam. However especially the energy sector is of interest to the Finnish business Wärtsilä. The Minister of Industry and Trade …
Finnish business aim to expand in Vietnamese energy sector Read More
The Norwegian car carrier operator Wallenius Wilhelmsen added four more optional vessels to its series of methanol dual-fuel and ammonia-ready newbuildings in China. The vessels will run on methanol until …
Norwegian Wallenius Wilhelmsen adds four more options for China Read More
The Mærsk-chartered Dali container ship, which crashed into the Francis Scott Key Bridge on 26 March 2024, was carrying tons of IKEA-products from Asia. The 984-foot ship had containers from …
IKEA furniture from Asia on crashed Mærsk vessel Read More
Saab AB, a Swedish aircraft company, has announced its intentions to supply Gripen fighter jets to RTAF, Royal Thai Air Force. This intention was released by Saab on 26 March …
Saab wants to supply Gripen for Thailand Read More
The Chinese version of the Novo Nordisk Semaglutide injection Wegovy has gotten the green light to begin clinical trials for weight loss treatment. The drug is developed by CSPC Pharmaceutical …
Chinese version of Novo Nordisk drug gets green light Read More
A national Finnish pavilion will be set up at the Smart Asia City 2024 expo in Vietnam. More than 800 booths by more than 500 businesses from different countries and …
National Finnish pavilion at Smart Asia City Expo Read More
The president and CEO of Danish Danfoss, Kim Fausing, said China’s reaffirmed pledge to further opening-up and improving the business environment gives Danfoss confidence to continue investments in China. He …
Danfoss optimistic about future investments in China Read More
It has been a rough day for Mærsk. During the last 24 hours it has been published how a ship from Mærsk sailing under a Singaporean flag has sailed straight …
Mærsk ship involved in crash while sailing for Singapore company Read More
The Philippines expressed interest in working with Norwegian energy companies in order to develop renewable energy sources, according to the Philippine Embassy in Oslo on 25 March 2024. The Philippine …
Philippines want to work with Norway on renewable energy Read More
The Swedish energy and infrastructure consultancy AFRY has been hired by the Filipino power company Aboitiz Power Corporation to handle a solar project. The project is supposed to happen in …
AFRY gets hired for Filipino solar project Read More
Yesterday, 25 March 2024, Mr. Ville Tavio, Minister of Foreign Trade and Development of the Ministry of Foreign Affairs of Finland, along with Mr. Jyri Järviaho, Ambassador of Finland to …
Talks of Foreign Trade between Finland and Thailand Read More
The Norwegian design firm Espeland and Skomedal Naval Architects (ESNA) and Singapore-based shipbuilder Strategic Marine entered an agreement to develop a so-called surface effect ship (SES) crew boat. Construction of …
Norwegian ESNA and Singaporean Strategic Maritime collaborate Read More
The Danish company Scandinavia Farms Invest have gone bankruptcy after only a few years and at least half a billion danish crowns invested. Scandinavian Farm Invest has been running a …
Danish owned pig farm in China declare bankruptcy Read More
Thai Airway International (THAI) revealed its summer plans with a schedule that covers 61 global destinations, including Milan and Oslo. Both cities are new destinations and flights will take off …
THAI plans new summer flights to Oslo Read More
The Thai-Finnish Chamber of Commerce introduced an educational AI-driven platform on 22 March 2024 in Pattaya to Mayor Poramet Ngampichet and key officials. The presentation was led by the Director …
Thai-Finnish Chamber of Commerce introduces AI education platform Read More
The Danish Chamber of Commerce in China (DCCC) will host a breakfast seminar with Lars Sandahl Sørensen the CEO of Danish Industry. Danish Industry has more than 20.000 member companies …
DCCC hosts seminar with CEO of Danish Industry Read More
The Hydrogen and Fuel Cell Association of Singapore (HFCAS) and the Norwegian Hydrogen Forum (NHF) signed a memorandum of understanding (MoU) during a Singaporean delegation visit to Norway. The two …
Singapore and Norway strengthen hydrogen ties Read More
The Swedish Network gear maker Ericsson has named Andres Vicente as the new head of South East Asia, Oceania and India market as well as Senior Vice President. Currently …
Ericsson names new head of South East Asia market Read More
The Finnish Commerce Federation stated that the Finnish people love the Chinese online stores. “The significant rise of Shein and particularly Temu can be seen in the growth of digital …
Finns love Chinese online stores Read More
The Danish pharmaceutical company Novo Nordisk boosts its production in China by investing around US$ 556 million in its Chinese flagship factory in Tianjin. The sterile preparation expansion project has …
Novo Nordisk boosts drug production in China Read More
The Swedish fast fashion company H&M is collaborating with the Danish non-profit organisation Global Fashion Agenda (GFA) to accelerate and scale recycling of post industrial textile waste in the countries …
H&M collaborates with Danish GFA to recycle textile waste in Southeast Asia Read More
Vietnam is ready to back the Danish shipping company APM Terminals in green ports pilot project. This was announced by Vietnams deputy prime minister Tran Hong Ha, while he hosted …
Vietnam ready to back Danish shipping company APM Terminals Read More
The Danish technology company Bang & Olufsen expects negative growth in the third quarter of the financial year. According to the CEO of B&O, Kristian Teär, the macroeconomic tendencies in …
Danish B&O expects decline in revenue due to Chinese and European markets Read More
Grundfos, a Denmark based, global leader in advanced pump solutions and water technologies, today celebrates 40 years of operations in Singapore. Led by a steadfast commitment to drive sustainability through …
Grundfos marks 40 years in Singapore Read More
The Malaysian telecom company Maxis and the Finnish multinational telecom company Nokia has decided to join forces to strengthen future needs. They plan to have a special focus on security …
Maxis and Nokia join together Read More