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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Let’s talk Danish! No, not the language as such but the world-famous pastries, for instance served in hotels and sold in bakeries throughout Asia. No doubt, their origin is in …
Danish by Danish Bakery: ’wienerbrød’ – the real deal – now baked in Penang, Malaysia! Read More
Asia internet cable projects by leading telecoms and technology firms are facing delays due to the tensions involving South China Sea and how China positions itself. Because China has claimed …
Asia internet cable projects delay due to South China Sea tensions Read More
Swedish Foreign Trade Minister Johan Forssell recently shared that many Swedish companies are interested in investing in expanding their businesses in the Philippines. “At present, there are about 40 Swedish …
Swedish companies interested in investing in Philippines Read More
Nokia and Indosat Ooredoo Hutchison (IOH) have completed a network consolidation program. The new network will boost experience for IOH’s growing subscriber base. The program covers major cities in Java …
Nokia and IOH consolidate Indonesian network Read More
Finnish Neste Corp. has completed their 1.6 billion EUR Singapore Expansion project. The Singapore refinery expansion doubles Neste’s production capacity in Singapore. It brings the refinery’s total capacity to 2.6 …
Neste completes expansion at Singapore refinery Read More
H&M Shanghai Commercial Co, have received a fine from a court in Huangpu district in Shanghai for selling defective products. This is according to company information provider Qichacha. The court …
H&M fined in China for selling defective products Read More
The Danish logistic firm, A.P. Moller-Maersk, and its partner GigaMare Inc. have started upskilling Filipino crews for methanol fueled vessels for enhancing entire green operations by 2040. The selected crew …
Danish logistic firm A.P. Moller-Maersk to upskill Filipino crew for methanol fueled vessels Read More
Danish Danfoss Group’s plant in China will commence production after the opening of its global green laboratory last week, the company has stated. With an investment of 100 million euros, …
Danfoss increases green business opportunities in China Read More
The Finnish brand Marimekko’s sales fell to €35.3 million in the first quarter. This was mainly due to a decline in Finnish wholesale and lower licensing income in the EMEA …
Marimekko is focusing on Asia after weak first quarter Read More
H&M’s collaboration with French designer Mugler has been a huge success in China. A success that the fashion group happened to underestimate. H&M made the sensual capsule collection available in …
H&M collab with Mugler is a huge success in China Read More
The Swedish government is set to propose a law that will allow the Nordic nation to veto foreign investments. The move is intended to strengthen national security. The proposed law …
Sweden propose law to block foreign investments Read More
Swedish company Essity has started the sale process for its 52% stake in Hong Kong-based Vinda International. Essity’s adviser on the sale, has sent information to potential buyers including a …
Swedish Essity to sell majority of stake in Hong Kong-based Vinda Read More
Volvo has just opened a new design studio in Shanghai, China. The studio will join the existing studios in Sweden and California. The new Design Studio mirrors Volvos’ headquarters in …
Volvo opens new design studio in China Read More
Norway is electrifying all means of transportation including cars, buses and ferries. The country is working on maintaining its position as the world’s leader in electric mobility users per capita. …
Norwegian ferries revolutionized by Chinese electric innovation Read More
The Lao Trade Portal reported that Laos’s trade deficit in April 2023 was recorded up to 17 million USD. According to the Vientiane Times, the total value of trade in …
Laos reports trade deficit up to 17 million USD in April Read More
Sales of electric cars in Indonesia jumped in April after the government launched tax incentives. Effective from April 2023, Indonesia cut the value-added tax (VAT) on electric cars from 11% …
Indonesian tax cut drives electric car sales Read More
IndustriAll has called out the Swedish fashion group for continuing to source from Myanmar despite the country’s humanitarian crisis brought on by the military coup. IndustriAll said that H&M’s responsible …
H&M criticized for continuing Myanmar sourcing Read More
Chinese Midea Group has confirmed that the company has made a takeover approach for Swedish competitor Electrolux. “A deal is being discussed, but no decision has been made yet,” the …
Chinese Midea confirms its takeover bid for Swedish Electrolux Read More
Thailand Board of Investments (BOI) Nordic office, invites you to join their webinar on measures to support your business development in Thailand. The webinar is on May 30, 10 am …
Sign up for webinar: “Opportunities in the green technology sector” Read More
Chinese investment into Europe fell to its lowest point in almost a decade in 2022. The 22% decline in investments last year reflects Europe’s recent moves to police the sale …
Denmark among European countries scrutinizing Chinese investments Read More
Thailand – 2 May 2023 – Allied, one of the world’s largest moving companies, is proud to celebrate its 95th anniversary as a reputable, award-winning provider of excellent corporate relocation, …
Allied Celebrates 95 Years of Driving Life’s Biggest Moments Read More
Danish Novo Nordisk reported Thursday, May 4, a 39% increase in first-quarter profits, due to the company’s sales of obesity treatments. From January to March, net profit reached 19.8 billion …
Novo Nordisk experience big profit rise due to obesity treatments Read More
Shanghai-listed Putailai (PLT) is is investing $1.3bn in a Swedish factory. The factory will be Europe’s largest factory for manufacturing anodes, a crucial part of the batteries that go into …
Chinese company to build Europe’s largest anode factory in Sweden Read More
The Chinese-owned Volvo Cars of Sweden announced on Thursday, 4 May 2023, that it will cut 1,300 office positions or about six percent of its employees in Sweden in an …
Volvo to cut 1,300 office jobs in Sweden to reduce costs Read More
The Norwegian telecom giant Telenor reported on Thursday, 4 May 2023 that its first-quarter earnings are in line with expectations. As the Analysts polled in a Refinitiv survey on average …
Telenor earnings in first quarter in line with expectations Read More
Malaysia will adopt a dual network model for its 5G rollout, the country said in a statement Wednesday, May 3. The decision is the latest by Prime Minister Anwar Ibrahim’s …
Malaysia to End 5G Monopoly Read More
Danish jewelry maker Pandora will slow down a planned country-wide relaunch of its brand in China. According to the company’s CEO, the plans has been paused since customer demands has …
Pandora slows down brand relaunch in China Read More
Sweden-based Volvo Cars said on Wednesday, May 3, that sales increased by 10% in April to 51,976 cars. The rise in sales are mainly boosted by strong gains in China. …
Volvo sales grow 10% in April due to high demand in China Read More
Swedish sportswear brand Craft has entered the Thai market and opened its first flagship store in Bangkok. Craft Sportswear Thailand Co was recently established. The company has registered capital of …
Swedish sportswear brand has launched first flagship store in Bangkok Read More
An amazing lot of people followed Johan Davidsson’s invitation to come and celebrate the night with him and his staff at Iron Fairies. Johan said, that he was really worried, …
Legendary Iron Fairies at a new location, Grand Opening! Read More
SAS will reopen a route from Copenhagen to Bangkok, the capital of Thailand. The airline announced the news in a press release on Tuesday, May 2. The announcement of the …
SAS will reopen Bangkok route Read More
The solar company based in Denmark, Obton A/S, is interested in making investments in the Philippines. Obton’s interest has grown following the announcement of the Philippines’ Department of Energy (DOE) …
Solar company from Denmark interests to invest in Philippines Read More
In the Maghreb region, comprising western and central North Africa, and including Algeria, Libya, Mauritania, Morocco, and Tunisia, illegal border crossing is a matter of grave concern. Ineffective counter-terrorism and …
Cost-effective and precise, motion sensor camera is an invisible barricade against illegal border crossings Read More
The general trade between Cambodia and Indonesia increased by 43.2 per cent to $304 million in the first quarter of 2023. Cambodia is a net exporter to Indonesia when it …
Cambodia’s textile exports to Indonesia in consistent growth Read More
Deliveries of NIO’s EC7 coupe-style SUV have officially been launched. For now, the EC7 is only for sale in China. However, it’s expected to make it to Europe in the …
First deliveries of Chinese NIO EC7 SUV to Europe Read More
Chinese Midea Group is exploring a potential acquisition of Electrolux, says people close to the company. Midea made a preliminary approach in recent weeks to the Swedish high-end brand about …
Chinese Midea Group makes advance to take over Swedish Electrolux Read More
Thailand’s tourism is on the way back. The country’s national bank predicts that the country will receive 28 million tourists this year. The figure is almost as high as in …
Thailand’s tourism is back Read More
Lifting the ban on sex toys would be a good way to strengthen the economy in Thailand. That’s what the Democratic Party in Thailand thinks, which draws attention to the …
Election promise: Sex toys would give Thailand an economic boost Read More
Research Institutes of Sweden (RISE) and Singapore Maritime Institute (SMI) is collaborating to engage some of the world’s largest players in the supply chain industry to pilot a networked virtual …
Swedish and Singaporean researchers launch virtual watch tower network Read More
Danish brewer Carlsberg beat first-quarter sales forecasts on Thursday, April 27. The company raised the lower end of its full-year profit guidance following strong beer sales in China. The Danish …
Carlsberg lifts profit due to strong Chinese sales Read More
Swedish Essity AB, the maker of Plenty paper towels, is starting a strategic review of its $1.6 billion majority stake in Hong Kong-listed tissue maker Vinda. The Swedish personal care …
Swedish Essity evaluate stake in Chinese tissue brand Read More
It’s been 45 years since IKEA opened its first outlet in Singapore. To celebrate this long milestone, the Swedish home improvement brand is giving away its exclusive iconic pencils to …
IKEA is giving away super long pencil to celebrate 45 years in Singapore Read More
Swedish automotive company, Volvo Car, announced its goal to be a fully electric car company in Thailand by 2025, according to the Thai-Swedish Chamber of Commerce (TSCC). Chris Wailes, Managing …
Volvo Car aims to be full electric in Thailand by 2025 Read More
As the business landscape in Hong Kong continues to evolve, the demand for flexible and cost-effective office solutions has increased, leading to the rise of co-working spaces and serviced offices. …
Co-Working Spaces vs Serviced Offices in Hong Kong: Which is Right for Your Business? Read More
Norwegian DNV has joined a working group on methanol bunkering managed by the Standards Development Organization at the Singapore Chemical Industry Council (SCIC-SDO). The multi-stakeholder working group will develop a …
DNV joins Singapore methanol bunkering initiative Read More
Norwegian energy expert DNV has expanded its Singapore research laboratory for the safety assessments of hydrogen transport and storage facilities. Hydrogen is quickly becoming one of the most promising energy …
Norwegian DNV expands Singapore testing lab Read More
Finnish-based Virta who is a provider of charging services for electric vehicles, has raised 85 million euros to expand its operations in Southeast Asia. The capital have been donated by …
Finnish EV firm raises 85 million euros for Asian expansion Read More
Singaporean companies SMRT and publicly listed ComfortDelGro Corp are competing to operate metro lines in Stockholm, Sweden. The Swedish capital is expanding its three-line metro network, which will come into …
Singapore companies competing to operate city train lines in Sweden Read More
The Nordic inspired cafe, Pridi, is located at Pridi Banomyong Soi 25, Bangkok, Thailand. It serves variously from coffee, brunch, bakeries, and distinctive main dishes. The food and drinks here …
Nordic inspired cafe “Pridi” in Bangkok Read More
The Copenhagen-based jewelry company, PANDORA, has opened its new concept store at Maya Shopping Center in Chiang Mai, Thailand. It is on the G floor of the mall, across from …
PANDORA opens new concept store in Chiang Mai Read More