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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Vestas has completed the sales of its converters and controls business to KK Wind Solutions. Vestas will be transferring three converters and controls factories to KK Wind. The acquisition covers …
Vestas completes factory sale to KK Wind Read More
Sales of Norwegian salmon in China more than doubled in January, compared to a year earlier. China’s food and beverage sector is bouncing back after the lifting of the country’s …
Norway’s salmon sales to China more than doubled in January Read More
The Malaysian Research Accelerator for Technology and Innovation (MRANTI), state-owned 5G agency Digital Nasional Berhad (DNB) and Swedish Ericsson have announced an extension of their memorandum of understanding (MoU). The …
Ericsson, DNB and MRANTI extends cooperation Read More
A.P. Moller Capital, the asset management union of the Danish A.P. Moller Group, has opened an office in Singapore as part of its plans to expand in Southeast Asia. The …
AP Moller Capital sets up office in Singapore Read More
A forecast for February shows, that the production level at Chinese factories has not been higher since April 2012. The high production level follows the reopening of the Chinese society …
Highest production in China in ten years Read More
After three years of pandemic disruption, tens of thousands from the tech industry have gathered in Barcelona this week for the Mobile World Congress (MWC). MWC is an annual industry …
Huawei dominates the Mobile World Congress despite sanctions Read More
Telenor announced Wednesday, March 1, that the merger between its subsidiary, Dtac, and its competitor True is in the works. This is the second mobile merger Telenor has landed in …
Telenor completes Thailand merger Read More
Singapore-based Yinson Green Technologies, has made a strategic investment in Zeabuz, a Norwegian startup specializing in autonomous shipping services. Yinson said, the investment will allow it to work with Zeabuz …
Yinson invests in Norwegian autonomous shipping startup Read More
European manufacturers are considering investing hundreds of millions of dollars in Vietnam to build wind turbine plants. According to the World Bank Group, Vietnam has a large untapped potential in …
Vestas as possible investor in wind turbine plants in Vietnam Read More
Thailand is one of the most popular travel destinations in the world and the Thai economy benefits hugely from the multibillion-dollar tourism sector. Renowned as one of the most beautiful …
How much does hospitality contribute to Thailand’s economy? Read More
Taiwan is planning to offer tourists $165 American dollars per person to go on vacation in the country. Cash rewards will also be offered to tour groups to encourage them …
Taiwan will pay tourists to visit Read More
Nokia has finalized a 10-year nationwide 5G network deal with Antina in Singapore. The Finnish telecom company won the deal following a competitive process, Nokia stated Wednesday, Feb. 22. “This …
Nokia wins extension to 5G deal in Singapore Read More
The country of Thailand is labeled as “the land of smiles.” It is referred to as a smile because a smile is greater than just a sweet gesture; it is …
Thailand Booting Up Towards An “Innovative State” Read More
The world is sailing the boat of economic recession for quite a time now. Especially post covid outbreak. But the main question here is to predict, will this inflation impact …
Economic Recession To Affect Cryptocurrency’s Consumption In Asia But How? Read More
It’s becoming more critical to use technology in the workplace. Businesses are increasingly going in this direction, and having one without the other is becoming more complex. Since technological advancement …
Entrepreneurship In Times Of Technology: Opportunities Vs. Challenges Read More
A.P. Møller Capital, the asset management unit of Danish transportation and logistics giant A.P. Møller Group, said on Monday, February 20, that it aims to invest more than $750 million …
A.P. Møller plans $750 million infrastructure deals in Southeast Asia Read More
The Lao Brewery Company launched two additional brands of beer; Somersby and Kronenbourg 1664, in Vientiane, Laos in early February. According to the Managing Director of Lao Brewery Company, Mr. …
Two more premium beer brands launched in Laos Read More
Mikael Hemniti Winther, the Consul General of Denmark went to Nantong in East China to attend the signing ceremony between the Danish Company Nim Tech and Shanghai-based Zhongxun Tech. Nim …
Consul General of Denmark meets with Nantong mayor Read More
Who can better share insights and an update on how Bangkok’s famous bar and nightlife sector is bouncing back than club maestro Johan Davidsson!? Following Covid – a period of …
Johan Davidsson sets out to create new nightlife experiences, as Bangkok bounces back Read More
Thailand’s Commerce Ministry has prepared about 450 activities to boost exports in 2023, focusing mainly on four potential markets: the Middle East, South Asia, China, and Cambodia, Laos, Myanmar and …
Thailand prepares 450 events to boost exports Read More
Singapore intends to raise its effective tax rate for multinational firms to 15% starting 2025. This is accordingly due to a global agreement to increase the floor rate. The city-state …
Singapore to set corporate tax rate at 15% from 2025 Read More
The provincial People’s Committee shared that a 15-metric-ton batch of organic rice of Quang Tri province in north-central Vietnam will be exported to Europe in the middle of February for …
Quang Tri province of Vietnam to export organic rice to Europe Read More
Singapore have approved a Finnish powder made from microbes called “food out of thin air.” The protein, that goes by the name Solein, is made of air, microbes and solar …
Singapore approves Finnish protein made of ‘thin air’ Read More
Danish shipping group Maersk has filed a lawsuit against Taiwanese Evergreen. Evergreen is the owner and operator of the container ship Ever Given, which blocked the Suez Canal for six …
Maersk sues Evergreen over blockage Read More
Thai Royal Gazette recently published an announcement regarding the minimum of shareholders in order to set up a company in Thailand. According to the Civil and Commercial Code Amendment Act …
Announcement regards to setting up company in Thailand Read More
FILE PHOTO: Workers load palm oil fresh fruit bunches to be transported from the collector site to CPO factories in Pekanbaru, Riau province, Indonesia, April 27, 2022. REUTERS/Willy Kurniawan/File Photo/File …
Indonesia and Malaysia send envoys to EU over deforestation law Read More
China has abandoned its zero-tolerance corona policy, which reflects in the spiking prices. The Chinese consumer price index was 2.1 percent higher in January than the same period last year, …
China’s consumer prices spike Read More
According to Volvo Car Malaysia, the EX90 is expected to arrive in Malaysia by the fourth quarter of 2024. The price is yet to be confirmed. This follows the company’s …
Volvo EX90 EV is coming to Malaysia in 2024 Read More
Pandora suffered from both uncertain consumers and corona restrictions in China last year. Still the Danish jewelry company’s profit went from 4 billion DKK the previous year, to 5 billion …
Pandora uncertain about the future in China Read More
Norway is hoping to further cooperation in sustainable technologies with China. The two countries have long been collaborating in the fields of fishing, maritime and the oil and gas industries, …
Norway hopes to boost green cooperation with China Read More
New complain about bug infestation in IKEA furniture’s are circulating online. This happens only two months after the Swedish furniture brand removed bug-infested baskets from the inventory in Singapore. In …
More IKEA Singapore customers complain about bugs Read More
H&M closes its store in Ion Orchard shopping mall in Singapore, after more than a decade at the site. “We are closing March 12, 2023,” the brand announced on its …
H&M shuts down high-profile Singapore store Read More
Coloplast is downgrading its expectations for the financial year, despite growth in the ostomy business. The Danish company states that they expect a reported revenue growth of 9-10 percent against …
Coloplast with growth in revenue, but sales in China are challenging Read More
At January 1 2023, Sweden dropped all restrictions on mink farming, caused by the excessive spread of SARS-CoV-2 in fur farms during the pandemic. Sweden’s Board of Agriculture admits, that …
Extensive criticism of the Scandinavian fur industry Read More
According to Reuters, Volvo has revealed, that they expect to launch at least six new batteri driven electric vehicles by 2026. “Volvo is planning to convert all its mainline models …
Volvo is working on biggest product revamp under Geely Read More
Xpeng, the Chinese electric vehicle startup, launched its P7 sedan and its G9 SUV in Denmark, Norway and Sweden on Friday, February 3, 2023. The Chinese company has priced its …
Chinese Tesla rival launches EVs in Scandinavian countries Read More
A report by UOB-Kay Hian indicates, that Digital Nasional Berhad (DNB) might be introducing a second network provider to deploy 5G in Malaysia along with Swedish Ericsson. According to DNB, …
Nokia to be considered as second 5G vendor in Malaysia Read More
The Swedish-based Luxury brand, with more than 60 stores globally, just opened its first store in Singapore. With the opening, the brand also makes their debut into the Southeast Asia …
Acne Studios opens first store in Singapore Read More
With the increasing number of studies detailing the impacts of fast fashion on the environment, consumers have started to move towards sustainable fashion. While it can be a minefield trying …
VIPOP is leading the way in sustainable fashion practices in Hong Kong Read More
A Norwegian study has found an extensive amount of metals and minerals ranging from copper to rare earths, authorities said on Friday. These resources are in high demand due to …
Norwegian metals might make Europe less dependent on China Read More
China’s pork consumption remains low and normalization could take up to six months, according to Danish Crown’s CEO, Jais Valeur. This is one of the main reasons why the company …
Danish Crown cuts jobs due to low Chinese pork demand Read More
The Danish brewery Alefarm has entered an agreement with one of the leading Singaporean distributors of special beer to bars, cafes and restaurants in Singapore City. The agreement was announced …
Danish microbrewery expands to Singapore Read More
According to the Norwegian central bank, Norway’s biggest wealth fund has excluded a company from China for selling weapons to Myanmar. The fund states, that they have cut all ties …
Norwegian fund drops Chinese firm for selling aircrafts to Myanmar Read More
In collaboration with Ericsson, EUROCHAM Malaysia hosts a session on 5G and how its connectivity capabilities will be crucial for the transformation of the Malaysian digital landscape. The event “5G …
EUROCHAM Malaysia and Ericsson to host event on Malaysia’s digital transformation Read More
Bell Labs Consulting, a branch of the Finish company Nokia, has been chosen by NOW Telecom to develop a 5G network for the entire Philippines as well as planning a …
Nokia teams up with NOW Telecom to design 5G network for the Philippines Read More
The Danish-Indonesian Business Chamber (DanCham) has invited to the networking event “EIBN Joint Gathering 2023” on 31 January 2023. The Chamber said the gathering is a perfect opportunity to build …
DanCham Indonesia announces EIBN Joint Gathering in collab with business chambers throughout Indonesia Read More
“Denmark needs to upgrade and intensify its relationships in the Asia Pacific, and I believe we will see Denmark more active in this region,” says new Danish Ambassador to the …
“The Philippines is key to upgrade Denmark’s relationships in the Asia-Pacific!” Read More
While everyone has a penchant for beautiful glittery gems, it’s terrible for the environment. Mining is an invasive process that adversely affects biodiversity. Many children are also forced to work …
BIRON®, All That Glitters The Eco-Friendly Way Read More
The Thai-Norwegian actress, Matt Peranee Kongthai, updated the latest progress of her ice-cream shop in Khao Yai, Nakhon Ratchasima Province, Thailand. She has named the place “Koss,” which is inspired …
Thai-Norwegian actress Matt Peranee to open ice-cream shop in Khao Yai Read More
The Finnish lifestyle brand, Marimekko, has launched the “Lunar New Year Limited Collection” in the occasion of the Chinese New Year 2023, featuring especially the design of rabbit prints which …
“Lunar New Year Limited Collection” by Finnish brand Marimekko Read More