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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Prime Minister Anwar Ibrahim is considering adding other technology partners in the work on Malaysia’s 5G network. If so, he will be breaking the current monopoly held by Swedish technology …
Malaysia considers breaking 5G monopoly held by Ericsson Read More
AirAsia Malaysia’s China expansion continues. The airline is adding direct flights from Kuala Lumpur to Shantou starting June 16 and from Kota Kinabalu to Beijing from July 1, 2023. AirAsia …
AirAsia Malaysia expands China flights Read More
Thailand, Vietnam and India are the most improved Asian countries in which to do business. This is according to a newly released report by the Economist Intelligence Unit (EIU). The …
Thailand and Vietnam among most improved countries in which to do business Read More
Bang & Olufsen’s revenue fell 20 percent in the company’s third quarter of the financial year 2022/23. This is compared to the same period the previous year. This appears from …
China sales drags down B&O’s results Read More
Vietnam’s music games publisher Amanotes has invested in the Swedish startup Reactional Music. Reactional Music lets gamers personalize their personas and gameplay with their favorite music. It is a platform …
Vietnamese music games publisher invests in Swedish startup Read More
TGS, a Norwegian global energy data and intelligence provider, has announced the initiation of the 20,347 square kilometers Malaysia Stage 2 Regional 3D reprocessing. In combination with the 16,957 square …
Norwegian TGS announces major 3D reprocessing program in Malaysia Read More
The European Maritime Committee including Dutch, German, Nordic, and Norwegian Chamber of Commerce (NordCham Philippines) agreed that the European Commission should maintain recognition of Filipino seafarers’ certificates, reported Manilla Bulletin. …
EU Maritime group agrees that EU should maintain recognition of Filipino seafarers certificates Read More
Indonesia is expected to conclude negotiations with China on an additional $560 million loan for a high-speed rail project. The cost of the line linking Jakarta with the textile hub …
Indonesia to finalize an additional $560 million Chinese loan for high-speed train Read More
Hong Kong is facing a shortage of the Swedish medicine Tamiflu which is administered to Kids with the flu. The lack of medicine is expected to continue until June. There …
Hong Kong face shortage of Swedish Tamiflu drug for children Read More
Non-life insurance from the Vietnam National Aviation Insurance Joint Stock Corporation (VNI) and Military Insurance Corporation (MIC) in Vietnam has attracted foreign investors during the first quarter of 2023. According …
Non-life insurance market in Vietnam attracts foreign investors Read More
Hotel Rembrandt on Sukhumvit Soi 18, has been a very popular and known hotel, like a second home to many Scandinavians, for nearly 30 years Simply walking in to the …
Time flies, but Hotel Rembrandt Bangkok persists, but in a new guise! Read More
Denmark is looking to deploy its SMR technology in the Philippines, to help jump-start the country’s nuclear power sector. SMRs can produce up to 300 megawatts (MW) per unit. It …
Denmark offers nuclear reactor expertise to the Philippines Read More
Volvo Car Malaysia has opened its largest certified damage repair center. Called the Volvo Certified Damage Repair (VCDR) Centre, the new outlet is located in Juru, Penang. The center is …
Volvo Malaysia gets largest certified damage repair center Read More
The Swedish automotive brand, Volvo Cars, published its sales report saying that for the first quarter of 2023, the company sales grew up 10 percent compared to the same period …
Swedish Volvo Cars sales rise 10 percent for the first quarter of 2023 Read More
The Indonesian government is targeting an annual production of shrimps of up to 2 million tons starting in 2024. Director General of Aquaculture of the Maritime Affairs and Fisheries Ministry, …
Indonesia aims to produce two million tons of shrimps Read More
A new cargo air service linking Zhejing’s capital city, Hangzhou, with Denmark recently was launched in East China to support foreign trade growth. Currently, three round trips are scheduled weekly …
New cargo air service between China and Denmark launched Read More
Common Extract, a Malaysian game developer and outsourcing company, has been acquired by the Swedish studio The Gang. The acquisition went through for an undisclosed amount. Common Extract was established …
Malaysian game developer purchased by Swedish studio Read More
Danish Ambassador to China Thomas Østrup Møller, launched the “partnership for sustainable animal products from Denmark” on March 23. To celebrate the launch, the Danish Embassy in China organized a …
Danish ambassador launch sustainable animal products seminar Read More
Thai-Swedish Chamber of Commerce (TSCC) has welcomed a new start-up member “DOSE Athletic” into the organization. DOSE Athletic is a sportswear brand designed using the latest technologies such as sweat-wicking …
New SweCham member “DOSE Athletic” Read More
The Danish firm, Seaborg Technology, is planning to invest in a sea-based nuclear power solution ((SMR solutions) in the Philippines once it passes the licensing phase and approvals by government …
Danish firm plans to invest in nuclear power in Philippines Read More
Health Sciences Authority (HSA) in Singapore has given the green light to Wegovy. Wegovy is the weight-loss drug by Danish pharmaceutical company Novo Nordisk, that has gained huge popularity on …
Singapore approves Danish weight-loss drug Read More
Malaysia said on Sunday, April 2, that the country has signed a memorandum of understanding with a Chinese government-backed trade association to enhance palm oil trade and cooperation. The Malaysian …
Malaysia and China signs partnership to stabilize palm oil supply chain Read More
Swedish tele company Ericsson and American technology company Intel have signed a memorandum of understanding (MoU). The two are to collaborate on the development of 5G use cases that can …
Ericsson to collaborate with Intel on 5G in Malaysia Read More
Major fashion retailers like Marks & Spencer and Primark are ceasing their outsourced production in Myanmar. This is due to issues with labor and human rights as well as logistical …
H&M keeps outsourcing to Myanmar despite other big brands’ departure Read More
Managing a manufacturing business’s inventory can be one of the most difficult tasks any industry faces. With so many varying products and materials to keep track of, it’s essential to …
Top 4 Most Effective Inventory Management Systems for the Manufacturing Industry Read More
IKEA and social business Little Sun have teamed up to explore how design and solar energy can come together in everyday objects. The result is SAMMANLÄNKAD, consisting of two solar-powered …
IKEA and Little Sun launch lamps powered by the sun Read More
One of China’s most popular shopping apps is causing concern among cyber security experts. The Pinduoduo app sells, clothes, groceries and other goods to over 750 million users within a …
China’s most popular shopping app is causing concern Read More
An LNG -generating vessel owned by Hong Kong-based CNTIC VPower Co. Ltd left Myanmar on 31 March 2023. Although, the company has two more years of their contract with the …
Hong Kong energy-generating vessel leaves Myanmar Read More
To mark its 50th anniversary celebrations, Tourism Malaysia has presented 50 themed tour packages sold via the malaysia.travel website. The package offers resulted from collaborating with 21 registered travel agencies …
Tourism Malaysia celebrates anniversary Read More
Danish shipping group NORDEN has acquired larger capesize dry bulk ships. The hope is to benefit from China’s economy reopening, the company’s CEO Jan Rindbo said. Three years of strict …
NORDEN hopes to benefit on reopening of China’s economy Read More
Vincent Clerc, the newly appointed CEO of AP Møller-Maersk, talked about China’s economic rebound during his visit to the country last week. The rebound has been weaker than expected due …
Maersk CEO trust in China despite weak rebound Read More
The central banks of Singapore and Malaysia launched a cross-border payment link between the neighbouring countries on Friday, March 31. The new system, called Nets-DuitNow QR, allows travelers to pay …
Singapore and Malaysia set up cross-border payment link Read More
The Swedish retailer, IKEA Philippines, urged all customers who own Blavingad fishing game multicolor to stop using it due to potential choking hazard, according to the Department of Trade and …
IKEA Philippines recalls its toys to prevent choking hazard Read More
More than $5 billion of upstream assets are available for sale across Southeast Asia, according to Norwegian Rystad Energy. Most of the opportunities are in Indonesia, where more than $2 …
Upstream assets available for sale across Southeast Asia Read More
H&M has launched a new resale platform in cooperation with thredUP. The platform is a part of the Swedish fashion retailers’ efforts to extend the use of its products and …
H&M launches new resale platform to cut fashion waste Read More
Vietnamese tuna exporters have aimed to explore small markets such as the Republic of Korea, the UK, Australia, Finland, and Algeria. According to the Vietnam Plus, the overall revenue of …
Vietnamese tuna exporters aims to explore small market Read More
Sweden’s military said Monday, March 27, that they would ban staff members from using TikTok on work devices due to security concerns. This is following a similar decision from authorities …
Swedish military bans TikTok on work phones Read More
Vincent Clerc, CEO of Danish shipping company Maersk, said the company will no longer order any ships running on traditional carbon-based fuels. Instead, they will switch to green methanol. “As …
Maersk will switch to ships running on green methanol Read More
Helsinki-based fashion and textile company, Marimekko, has reported a 9% increase in net sales for financial year 2022 (FY22), reaching €166.51 million. The company’s sales were boosted by growing international …
Finnish Marimekko’s net sales increased 9% in FY22 Read More
Telenor is reported to be in talks with Hong Kong-based CK Hutchison about the possible merger of the companies’ operations in Sweden and Denmark. CK Hutchison is in the midst …
CK Hutchison and Telenor contemplating merge in Denmark and Sweden Read More
Textile and garment firms in Vietnam are proceeding in switching to green production to suit requirements from its EU partners. Annually, the EU imports over 4 billion USD worth of …
Vietnam textile and garment firms switching to green production to suit EU partners Read More
Swedish furniture company IKEA has issued a recall for their BLÅVINGAD fishing game, due to a potential choking hazard. IKEA has announced that they have discovered that small bolts on …
IKEA recalls fishing game due to choking hazard Read More
Airbnb stays reserved in Thailand more than doubled last year compared to 2020, where Bangkok came out as the preferred place for worldwide travelers on Airbnb. The capital city of …
Strong revival of global tourists to Thailand on Airbnb Read More
Vietnam’s government is seeking to relax visa requirements to boost the tourism industry. This includes offering more visa waivers for foreign tourists, expanding the e-visa program, and increasing the duration …
Vietnam to ease visa requirements to gain more foreign visitors Read More
A recent study found that the Philippines is one of the most challenging country to begin a startup business. This is mainly due to procedure costs and business tax rates. …
Philippines dubbed one of the worst countries to launch startup business Read More
As Malaysia is gradually coming back to its normal self, post-Covid, ScandAsia talks to the Director of MASBA (the Malaysian-Swedish Business Association), and also a long-time resident in Kuala Lumpur: …
Masba director Jenny Westin shares post Covid-19 benefits and challenges in Malaysia Read More
The Swedish fashion giant H&M made its debut on cricket-related marketing during the Women’s Premier League (WPL) this month. This is the first association with the game for the Swedish …
H&M Move is using cricket to promote new collection Read More
Airbnb has suspended hosting of all lodgings in Myanmar. The San Francisco-based company is the first international accommodation booking site to suspend bookings in Myanmar since the military coup, February …
Airbnb suspends Myanmar bookings Read More
The Swedish tech company, Ericssons, shared its prediction that by 2025, 50% more subscribers in Thailand will adopt 5G technology as it has been more accessible and affordable. “We foresee …
Ericssons predict more Thais adopt 5G by 2025 Read More
Beauty tech and wellbeing house Foreo has revealed a campaign called ‘Swedish Beauty in 3½ steps.’ The campaign launched Monday, March 20, and emphasizes the Scandinavian ‘less is more’ approach …
Thai-based beauty company promotes “Swedish beauty” in Asia Pacific campaign Read More