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.
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
The Norwegian Seafood Council (NSC) has launched a new campaign, ‘Norwegian Thai Taste: Valuable Ingredients…for Thai Food in 4 Regions’, aiming to expand its market in Thailand by partnering with …
Norwegian Thai Taste seafood campaign Read More
Mr. Arto Satonen, Finland’s Minister of Employment at the Ministry of Economic Affairs and Employment of Finland has held a video conference with Thailand’s Minister of Labor Mr. Phiphat Ratchakitprakarn …
Ministers from Finland and Thailand agree on 900 berry pickers Read More
Investing in Thailand’s real estate market is a proven strategy to build and sustain wealth. The country’s property values tend to appreciate over time, providing substantial long-term returns and generating …
Why Invest in Thailand’s Real Estate Market Read More
The Swedish chef Björn Frantzén is set to open two new restaurant concepts in Dubai later this year. Björn Frantzén already has one restaurant in Singapore and one in Bangkok …
Frantzén to open two restaurants in Dubai Read More
Denmark’s second largest city, Aarhus, is testing a new reusable cup system, where you buy your coffee in a reusable cup with a small deposit – once it’s empty you …
Testing deposit on coffee cups in Aarhus Read More
H&M, the Swedish clothing retail giant, has been evolving beyond fast fashion towards a more sustainable model. In their store in central Stockholm, H&M is pioneering a revolutionary new service …
H&M’s offers “Pre-Loved Clothes” Read More
The Royal Thai Air Force (RTAF) has reportedly decided to buy the Gripen-E fighter jet from Swedish Saab. On 14 July a spokesperson from the Thai Air Force announced that …
Thai Air Force likely to buy Swedish Gripen fighter jets Read More
The renowned Danish furniture and home decor brand HAY opened its very first flagship store in Thailand and Southeast Asia on 16 July 2024. The store is in Warehouse 30, …
Danish furniture store HAY opens in Bangkok Read More
Vietnam has approved import of Finnish pork and poultry. According to the Finnish media Yle, this is a new direction as there up until now has been relatively few Finnish …
Finnish meat approved in Vietnam Read More
After yet another annual report with large losses in the millions, the Danish design brand Jacob Jensen Design has chosen to close down in Asia, where the company has had …
Jacob Jensen Design shuts down in Bangkok and Shanghai Read More
The Danish pharmaceutical company Novo Nordisk has signes a deal with a Indonesian state-owned drug company called Bio Farma. Their goal is to produce insulin to fight diabetes within Indonesia. …
Novo Nordisk will help combat diabetes in Indonesia Read More
The drug Leqembi has been approved for consumers in Hong Kong. This was announced by Bioarctic Today, 11 July 2024. The drug is a result of a long-standing colaboration between …
Swedish alzheimer medicine approved in Hong Kong Read More
The Vietnamese automobile distributor Tasco has bought out Sweden Auto, which is the sole distributor of Volvo cars in Vietnam on 8 July 2024. This strengthens Tasco Auto’s position as …
Tasco buys Sweden Auto to sell Volvo in Vietnam Read More
Game development studios from the Philippines generated US $9.2 million in revenue at the game developer conference “Nordic Game 2024” in Sweden. The good news was announced by the Philippine’s …
PH game developers earn $9.20M in Sweden Read More
Wärtsila, the Finnish technology group, has provided new simulator technology for the maritime training arm of the Singapore Maritime Officers’ Union (SMOU). This training arm is named Wavelink Maritime Institute …
Wärtsila supply simulator technology for Singaporean maritime training Read More
Since the EU decided to put tariffs on the Electrical Vehicles from China, there has been a concern that this is going to effect the consumers. Now a Chinese company …
Chinese company pays tariffs themselves Read More
As a result of the ongoing disucssions on tariffs on electric vehicles from China, China is now looking into its anti dumping investigation of the European brandy import. The Commerce …
China will hold hearing on European brandy imports Read More
Danish shipowner Celsius has placed the first order for a new style LNG carrier with special French tank to be built by Chinese shipbuilder China Merchants Heavy Industry- Jiangsu (CMHI). …
Danish firm orders new style LNG carrier to be built in China Read More