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.
Chinese electric vehicle maker, Nio, is considering building a dealer network in Europe to speed up sales growth. Nio launched in Norway in 2021 and then entered Germany, the Netherlands, …
Chinese Nio is building a dealer network to boost EV sales in Europe Read More
Scandinavian Christina Rasmussen and Singaporean Sasha Wijidessa, couple and co-founders of the restaurant and bar Fura in Singapore, uses ingredients that make sense for the planet’s present and future climate. …
FURA: Scandinavian-Singaporean conscious dining Read More
Around 100 guests attended when Volvo Construction Equipment showcased their electric machines in Magelang, Indonesia in late September. PT Indotruck Utama (ITU) held the event which was themed ‘Sustainability for …
Volvo CE Indonesia gets first look at upcoming electric machines Read More
Danish Novo Nordisk said on Monday 16 October 2023 that it will spend up to $1.3 billion to buy an experimental hypertension (high blood pressure) drug from Singapore-based ‘KBP Biosciences.’ …
Novo Nordisk buys experimental blood pressure drug from Singapore Read More
Danish Embassy in Singapore is encouraging Danish companies to participate in the leading technology brokerage event TechInnovation from 31 October to 2 November 2023 at Marina Bay Sands, Singapore. The …
TechInnovation 2023 Singapore: Open for Danish Business initiatives Read More
Norwegian-backed nutrient company Full Circle Biotechnology has partnered up with Thailand-based aquaculture technology startup HydroNeo to produce a high-protein, low-carbon additive for aquaculture feeds. Full Circle developed a ‘waste-to-protein’ production …
Norway and Thailand collaborate on low-carbon aquafeed Read More
IKEA reduced prices for 144 of its products in Singapore in September, and the Swedish furniture chain has plans to continue reducing prices for additional products. IKEA Singapore has announced, …
IKEA Singapore reduces prices Read More
The Swedish fashion house, Acne Studios, has teamed up with Asian brand distributor, Bluebell Group, to open its first store in Taiwan. The new Acne store is located at Shin …
Acne Studios is launching Taiwan boutique Read More
Earlier in 2023 the Chinese owned platform TikTok announced that users could now earn money without posting content on the app – instead they could get an income by creating …
TikTok makes it easier for Scandinavians and Southeast Asians to earn money Read More
Ikano Retail, the Swedish IKEA franchisee in Thailand and other four countries, recently reported sales rates of the company last year. Ikano Retail owns and operates three IKEA Stores in …
IKEA Thailand sales grows 17% from previous financial year Read More
The Danish Chamber of Commerce in China (DCCC) invites you to join a seminar on China’s economic landscape for Danish businesses. The seminar will be held on 26 October 2023 …
Insights for Danish businesses to be shared on China’s economic landscape seminar Read More
The Ministry of Science and Technology has issued a certificate for the British-Swedish pharmaceutical company’s production technology and packaging process to be transferred to a company in Vietnam. AstraZeneca is …
AstraZeneca is transferring production technology to Vietnam Read More
Norwegian paint brand Jotun is expanding its presence in the Philippines. The company has announced that they are set to open three retail stores in the Southeast Asian country. The …
Norwegian paint company expanding in the Philippines Read More
Filipino-born Swedish fashion blogger and TikTok’er, Bryanboy, has announced that more branches of the Swedish furniture chain are set to open in the Philippines soon. “Our mission here at IKEA …
IKEA will open more stores in the Philippines according to blogger Read More
Ikano Retail, the IKEA franchisee that brings the Swedish furnishing chain to Malaysia, Singapore, Thailand, Mexico and the Philippines, has posted a RM5.25 billion in turnover for its 2023 financial …
IKEA franchisee posts RM1.58 billion revenue in Malaysia Read More
Nordic Aqua Partners have announced the appointment of Andreas Thorud as the new managing director for its operational activities in China. With 17 years’ experience in China and his extensive …
Nordic Aqua Partners appoints new managing director for China operations Read More
After several years with problems, Danish Bang & Olufsen begins this financial year with a plus, according to the company’s accounts for the first quarter. This is despite a slow …
B&O hopes for progress in China Read More
Export of frozen Norwegian cod to China fell 74 percent in the third quarter of 2023. The decline made China the fourth largest destination for frozen cod during the period, …
China imports of frozen cod from Norway has significantly declined Read More
The Chinese EV brand ZEEKR has announced, that the company is moving its current EU headquarters in Sweden to the Netherlands. The Geely-owned EV brands EU branch has until now …
ZEEKR moves EU headquarters from Sweden Read More
Despite the slowing economy, the Swedish retailer still consider China a key growth market, executives at IKEA said on Thursday, October 12. China was for several years the fifth biggest …
IKEA still consider China a key growth market Read More
The Swedish telecom company, Ericsson, has filed a number of lawsuits against Chinese Lenovo and its subsidiary Motorola Mobility. Ericsson claims that Lenovo doesn’t deny needing a SEP license, but …
Ericsson sues Chinese Lenovo over 5G patents Read More
The Danish audio company Bang & Olufsen has partnered up with the Italian carmaker Ferrari to make new headphones and speakers with a striking shape of red to resemble the …
Danish Bang & Olufsen launches Ferrari Collection in Malaysia Read More
China has approved the import of heat-treated pork from Finland. The Chinese customs agency announced in a statement on Tuesday, October 10. Heat-treated pork products refer to bone-in or boneless …
China allows import of heat-treated pork from Finland Read More
Communication service provider (CSP) Telenor embarked on its Asian journey in 1997, bought its first stake in Digi (Malaysia) in 1999, and have been telco change-makers in the region ever …
Another exciting chapter for Telenor in Asia has begun: two monumental mergers landed to reshape the business Read More
Denmark’s national robot and drone cluster “Odense Robotics” and The Danish Trade Council are organising a market visit from 14 November to 16 November to Singapore and the robotics industries …
Odense Robotics is visiting Singapore. Wanna join? Read More
The Philippine’s Department of Agriculture (DA) announced a temporary ban of pork and other meat products imported from Sweden in the attempt to prevent the outbreak of African Swine Fever …
Philippines bans pork and other meat products imported from Sweden Read More
A brand-new Chinese EV brand is about to enter the Finnish market and is anticipated to “revolutionize the market.” Voyah, a Chinese EV model, owned by state-owned firm Dongfeng, is …
Chinese EV Debuts in Finland Read More
Many Danish investors are interested in bidding for renewable projects in the Philippines which the government is targeting to offer via its Smart and Green Grid System (SGGS) development platform. …
Danish investors interested to bid on Philippines RE projects Read More
A delegation from the Danish food and agriculture sector visited by the end of September and early October 2023 leading Thai companies to deepen close collaboration on sustainable food production. …
Danish agricultural delegation visited Thailand Read More
Swedish Volvo Cars reported a 25% sales growth in September – one of the reasons being a bit of a higher demand from China. More than 61.000 cars were sold …
Chinese demand for Volvo Cars in September Read More
The European Commission will publish a list of critical technologies it believes Europe shouldn’t make easily available to countries like China. Brussels fears these technologies could harm the unions security, …
EU seeks to protect sensitive tech from China Read More
Swedish beauty tech and wellbeing house Foreo is opening a counter in the Don Mueang International Airport in Bangkok, Thailand. After another partnership with King Power Thailand, the Swedish beauty …
More Swedish beauty at Thai airport Read More
The Chinese property mogul Evergrande’s shares are back on the stock exchange in Hong Kong as of Tuesday, October 3. This is after shares in the troubled Chinese real estate …
Evergrande stocks are back in trade after suspension Read More
Shipshave has won the SNIC Innovation Awards for its in-transit hull cleaning solution. A solution that removes biofouling to boost fuel efficiency and decarbonization. The prize was presented at the …
Norwegian Shipshave wins SNIC award in Singapore Read More
H&M has announced its latest designer collaboration with the French fashion house Rabanne. The brand was founded by Paco Rabanne in 1966, but has since 2013 been reinvigorated by creative …
H&M has announced latest design collaboration with French Rabanne Read More
The Norwegian Seafood Council (NSC) recently announced its first official partnership with the Thai major retail business, Big C Supercenter Public Company Limited, promoting the campaign of “Premium-Quality Salmon from …
Norwegian Seafood Council partners with Thai major retail “Big C” promoting premium-quality salmon Read More
Located at the heart of the 5-kilometer-long Bang Tao beach in Phuket, a serene and natural haven awaits. Angsana Laguna Phuket Resort is nestled amidst water and bordered by a …
Laguna Phuket’s Area GM, Anders Dimblad, invites to experience the integrated resort island offerings Read More
Danish cycling apparel powerhouse, Pas Normal Studios, has confirmed its intentions to expand to Singapore with a new flagship store. So far this year, they already expanded to San Francisco …
Danish Pas Normal Studios opens in Singapore Read More
On Friday the 29th of September, SWEA Bangkok organised a Mexican evening at restaurant Mexicano, hotel Rembrandt. Almost 60 persons joined the evening since not only SWEA members with partners …
SWEA Bangkok goes Mexican! Read More
Danish variety store chain Flying Tiger Copenhagen is ready to expand their brand to more Southeast Asian countries with 1000 new locations over the next five years. Just about a …
Flying Tiger Copenhagen coming to Indonesia and Singapore Read More
Skarv Shipping Solutions, a Norwegian joint venture between Peak Group and Grieg Edge, has placed an order at Huanghai Shipbuilding in China for up to eight “green” multipurpose vessels. The …
Skarv Shipping Solutions orders green MPPs from China Read More
Chinese battery-materials maker, Ningbo Shanshan Co. Ltd., has shared that the company is planning to invest up to 1.28 billion euros in a new plant in Finland. The project is …
Chinese battery-materials maker invests in Finnish factory Read More
A Singaporean company called Hydronav Services, was fined over $1.1 million for illegally exporting specialized equipment (an EM system) to Myanmar without the necessary permits. The company falsely stated that …
Singaporean company fined for deceiving Norwegian authorities Read More
Sweden has replaced The United States and is now the world’s second most innovative economy in 2023, according to a ranking dominated by European countries. Meanwhile ‘middle-income economies’ like Indonesia, …
Scandinavia and Southeast Asian economies more innovative Read More
H&M returned to JD.com, one of China’s biggest e-commerce marketplaces, this month. This is after a prolonged absence due to criticism over its stance on alleged human rights abuses in …
H&M returns to Chinese JD.com Read More
Bank of Thailand (BOT) said on 26 September 2023 that they will relax foreign exchange rules for non-residents, to make it easier for foreigner to do business in the country. …
Doing business in Thailand will be easier for foreigners Read More
A new five-year collaboration between Norway and Indonesia has been signed, aiming to cut carbon emissions by protecting and restoring rainforest. Green groups hope that the deal will inspire other …
New funding pact between Norway and Indonesia Read More
Danish Ambassador to the Philippines, Frans-Michael Mellbin, said Filipino water companies exchanged ideas with Danish counterparts in both Copenhagen and Aarhus on September 22, 2023. Officials from Metropolitan Waterworks and …
Philippines inspired by Danish water management Read More
An Indonesian energy transition project, supported by both Denmark and Norway, has been delayed. But perhaps that’s good? Indonesia’s Just Energy Transition Partnership (JETP) is project funded by the G7 …
Indonesian energy transition plan delayed. Perhaps for the better Read More
Rising demand for salmon in Southeast Asia is led by the region’s taste for sushi. This is according to the latest consumer trends report shared at the Seafood Asia expo …
Sushi craze is driving the demand for Norwegian salmon in Southeast Asia Read More