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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SAS said on Tuesday, September 26, that the airline is evaluating final bids in an equity fundraising that closed on Monday. The fundraising is part of an ongoing bankruptcy protection …
SAS evaluates bids to be bailed-out from bankruptcy Read More
Danish firms that have invested in the renewable energy (RE) sector in the Philippines are seeking clarification on foreshore and seabed lease arrangements. “It is correct to say these things …
Danish firms seeks clarification on foreshore and seabed lease arrangements from Philippines Read More
Swedish Ericsson launched its “Imagine Live” event in Malaysia on 25 September 2023, presenting 5G innovations and highlights from the advanced technology. “At the Ericsson Imagine Live event, we are …
Ericsson celebrates 5G progress in Malaysia Read More
Jim Rowan, president and CEO of Swedish carmaker Volvo, wrote in a Linkedin post on Sunday, September 24, that it is impressive to see how fast electrification is taking place …
Volvo CEO praises EV potential in China Read More
Energinet, Denmark’s transmission system operator, has signed a contract with China’s Zhongtian Technology Submarine Cable (ZTTSC) for the delivery of cables. ZTTSC is set to deliver approximately 12 kilometers of …
Chinese contractor to install 12 km cable in Copenhagen Read More
The Scandinavian-style interior has become more popular in recent years in Thailand as we can see that many coffee shops, cafes and restaurants, hotels, homes, and more are decorated so. …
Style your home with Scandinavian aesthetics crafted by “Muuto” Read More
After the country’s huge success with EV’s, the Chinese car industry is now going all in on flying electric cars. The Chinese EV company, Xpeng, is currently developing the sixth-generation …
The Chinese car industry is going all in on flying electric cars Read More
The Swedish fast fashion retailer, H&M, will have its debut on Shopee in Singapore and Malaysia on Friday, September 22, 2023. H&M’s collaboration with the e-commerce platform comes as part …
H&M launch on e-commerce platform in Singapore and Malaysia Read More
Note: This article was run through ChatGPT to help improve the language. First you will read my version. Below is what ChatGPT suggested. Artificial Intelligence (AI) is increasing the gap …
Artificial Intelligence increases gap between rich and poor countries Read More
H&M Beauty reinvents its own makeup brand with a new range of high-quality vegan products. To create a new look to go with the new products, the brand has partnered …
H&M Beauty partners with Raoúl Alejandre Read More
Norwegian representatives of the country’s seafood industry, took part in a panel discussion during a workshop at Seafood Expo Asia. The Exhibition ran from September 11 to 13 in Singapore. …
Norway and Singapore shares ideas for maximizing seafood opportunities in Asia Read More
In recent weeks, Norwegian Equinor has entered into large contracts with Chinese Cosl for the rental of floating rigs. Christian Tybring Gjedde, a member of the Foreign Affairs Committee, believes …
Norwegian politicians react to Equinor’s China deal Read More
Indonesian vaccine manufacturer Bio Farma has formed a 10-year partnership with The Coalition For Epidemic Preparedness Innovations (CEPI) in Norway to boost the manufacturing of outbreak vaccines. As a response …
Norway and Indonesia in new vaccine partnership Read More
The Danish variety store chain, “Flying Tiger Copenhagen” will open its first store in Manila, the Philippines in October 2023. “The opening of our first Flying Tiger Copenhagen store in …
Danish variety store chain “Flying Tiger Copenhagen” to open in Philippines Read More
A 61 year long Thai-Danish milk partnership will be in focus, when the Danish Minister for Food and Agriculture and the Thai Minister for Agriculture and Cooperatives will meet in …
Danish ‘Red Cow’ returning to Thailand Read More
Key members of the Swedish Textile Machinery Association (TMAS) will be taking part in the forthcoming ITMA Asia + CITME exhibition. The event is taking place from November 19-23, 2023, …
Swedish TMAS to attend exhibition in Shanghai Read More
The construction of a new Singapore warehouse for the Danish logistics operator DSV has been launched. The facility is owned and developed by Sydney-based Logos but designed to fit the requirements …
Construction of new DSV warehouse in Singapore has begun Read More
Three major Finnish mobile carriers: Telia, DNA, and Elisa, have suspended sales of the Chinese company Xiaomi’s products. This is in response to the brand’s presence in Russia after the …
Finnish carriers suspend sales of Xiaomi phones Read More
Norwegian salmon brand Salma pushes themselves back into the Asian market after initial efforts were disrupted by the pandemic. During the Seafood Expo Asia (SEA) event which was held from …
Norwegian salmon brand is ready for South East Asia Read More
72% of Finnish export companies believe China will at least maintain its importance as a trade partner. This was revealed in a survey distributed to export managers by Finland Chamber …
Finnish companies expect China’s importance to remain Read More
Volvo Cars said on Tuesday, September 19 that the company will end production of all remaining diesel models by early 2024. The move is a part of the strategy towards …
Volvo will end diesel car production by early 2024 Read More
The price on solar cells is currently historically low on the commodity market. The huge price drop is due to the market for polysilicon – a crucial ingredient in manufacturing …
China has forced the price of solar cells to plummet in Europe Read More
Norwegian Ambassador to Indonesia, Rut Krüger Griverin, encourages Indonesian sustainable companies to cooperate with their local societies. The ambassador and the Regent of Banyuwangi, Ipuk Fiestiandani Azwar Anas visited the …
Norway to sustainable Indonesia: Collaborate locally Read More
The Swedish School of Textiles’ knitting technology lab in Borås, Sweden, is cooperating with Swedish-Chinese car maker Polestar, on interior textile for the Polestar 4 electric SUV coupe. The Swedish …
Swedish School of Textile collaborates with Polestar on interior Read More
Norges Bank Investment Management, which manages the huge Norwegian Wealth Fund, has bought a 5 percent share in the local Malaysian company, Cahya Mata Sarawak Berhad. Cahya Mata is a …
Norwegian Wealth Fund invests in Malaysia Read More
Danish TROFACO is a non-profit organization dedicated to environmental conservation, climate action and social development by planting trees. The organization operates primarily in Southeast Asia, focusing on initiatives that go …
Danish TROFACO is planting trees in Southeast Asia for climate action Read More
The Danish toy company, LEGO, recently celebrated its planting of 50,000 trees at its factory in Binh Duong province, Vietnam. The factory which has been under construction since November last …
LEGO plants 50K trees at its factory in Binh Duong of Vietnam Read More
Norwegian Katrine Solhaug’s journey into the world of social consciousness and her commitment to making a positive impact have for several years been manifested in Babel Guesthouse in Siem Reap, …
Norwegian couple expands their eco-friendly concept in Cambodia Read More
Every now and then, one bumps into the word Viking. The Vikings never seem to stop impressing us. Here I will introduce you to another kind of Vikings, the siblings …
The Little Vikings by Clair and Kent Read More
Tanachira Retail Corporation Public Company Limited (TAN), the importer and distributor of the Danish jewelry brand Pandora, the Finnish fashion house Marimekko, and other luxury brands in Thailand is planning …
“Pandora” and “Marimekko” importer and distributor TAN to elevate its business strategy Read More
Maersk has finally launched the world’s ‘first green container ship’. The world’s “first green container ship” was presented in Copenhagen, Denmark, on September 14, by European Commission president, Ursula von der …
Maersk launches the world’s first green container ship Read More
PT Pertamina Power Indonesia and Danish Seaborg have signed a MOU to jointly explore the next generation of nuclear power technology. The MOU is mainly established to meet Indonesia’s future …
PT Pertamina Power Indonesia partners with Danish Seaborg Read More
Swedish shipping company Furetank and Canadian Algoma Central Corporation expands with an order for two additional Chinese build Vinga-class vessels. The new order for Vinga vessels grows the companies joint …
Swedish Furetank and Canadian Algoma signs up for more Chinese made Vinga vessels Read More
Longboat Energy, an E&P company active in Norway and Malaysia, has agreed to acquire privately held Topaz Number One Limited. The company is thereby increasing its working interest in the …
Longboat Energy announces Asia acquisition Read More
The European Commission is considering imposing punitive rates to protect EU automakers against cheaper Chinese EV imports. “Global markets are now flooded with cheaper electric cars,” said European Commission President, …
EU considers imposing taxes against Chinese EV companies Read More
Norwegian SFL Corporation Ltd. received a car-shipping vessel, manufactured in China on Tuesday, September 12. The ship is dual-powered by liquefied natural gas to fulfill current emission requirements. The vessel, …
Chinese car-shipping vessel delivered to Norwegian SFL Read More
Finnish Wartsila Corp, that provides power solutions for the marine and energy market, plans to produce more dual-fuel and methanol-powered marine engines. The company has stated, that they seek opportunities …
Finnish firm optimistic on China’s shipping business Read More
Vinda International held a management presentation last week for potential buyers of a majority stake owned by Swedish Essity. The Swedish company started the sales process, of its 52% stake …
Hong Kong’s Vinda meets bidders for Essity’s stake Read More
Swedish footwear brand, Vagabond, has opened an official concept store via Chinese TMall. The brand states that it’s aiming to expand within the Asian market by launching a selection of …
Vagabond opens Tmall concept store Read More
Neste, the Finnish oil refiner and biofuels producer, said on Tuesday, September 12, that the company has raised its margin outlook for the third quarter of 2023. The concern added, …
Neste raises margin outlook while struggling to ramp up Singapore refinery Read More
The Danish Milk- and whey-based ingredients supplier, Arla Foods Ingredients, has signed a new agreement with China-based Zhongbai Xingye Food Technology Company, Ltd. The agreement continues the two companies’ partnership …
Danish Arla Foods and Chinese Zhongbai Xingye signs new agreement Read More
Europe’s solar power industry has warned, that cheap Chinese imports has pushed some EU manufacturers to the brink of bankruptcy. Norwegian Crystals, a producer of the ingot used in solar …
Cheap Chinese imports may cause bankruptcies in the EU Solar business Read More
The Tourism Authority of Thailand (TAT) is working on a campaign to make tourists from all over the world see Thailand as a sustainable place that prioritizes ecological protection. Thapanee …
TAT wants global tourists to see Thailand as a sustainable destination Read More
Several countries have blocked imports of Swedish pork. This is after a recent outbreak of African swine fever in wild boars in the Scandinavian country. ScandAsia could report, that Taiwan …
More countries block import of Swedish pork Read More
The Monetary Authority of Singapore has granted a capital markets service license to Denmark-based Nordea Asset Management. This allows the Scandinavian company to operate within portfolio construction and allocation and …
Danish Nordea gets Singapore license Read More
Norwegian offshore vessel provider, Siem Offshore, has secured a contract extension for the Siem Topaz vessel in Taiwan. The vessel was in March fixed by Helix Energy Solutions’ marine contracting …
Norwegian offshore vessel company awarded more work in Taiwan Read More
Visit Finland’s director of Greater China, David Wu, said in a recent interview with Xinhua that he was excited by China’s decision to reopen group tourism to Finland. China’s Ministry …
China’s Tourism Ministry opens group tourism to Finland Read More
H&M Group, Stripe and Shopify announced last week, that the companies are spending $7 million on carbon removal from new startups. The deal was facilitated by Frontier, a public benefit …
H&M spends $7 million on carbon removal in cooperation with Stripe and Shopify Read More
Anyone who brings pork products from Sweden into Taiwan will be fined a minimum of $6,248. This fine came into place following the detection of African swine fever (ASF) in …
Swedish pork forbidden in Taiwain after swine fever was detected Read More
The Vietnam Association of Seafood Exporters and Processors (VASEP) revealed a growing percentage of tra fish exports to Europe. Exports to Germany have increased 25% so far this year over …
Vietnam’s export of tra fish to Europe shows growth Read More