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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Denmark-based Semco Maritime has received an order from Swancor Renewable Energy for the execution of a conceptual design study for a 500MW offshore substation including jacket foundation in Taiwan. The work will …
Semco Maritime wins work on Taiwan’s Round 3 Offshore Wind Project Read More
Peer networks for leaders to share work-related challenges, gain perspectives and exchange expertise After successfully establishing the franchising in Singapore of Executives’ Global Network (EGN) – a peer-based network of …
Scandinavian ‘Executives’ Global Network’ (EGN) to conquer Indonesia Read More
Sweden’s EQT has reached an agreement to acquire Baring Private Equity Asia, a leading private markets investment firm in Asia with EUR 17.7bn of assets under management. In this company …
Sweden’s EQT joins forces with Baring Private Equity Asia Read More
On March 10, VOYAH, the high-end electric vehicle brand from Dongfeng Group, officially landed in Norway on the “cloud” side, with representatives from China Dongfeng Motor Industry Imp. & Exp. …
Chinese High-end EV brand VOYAH officially landed in Norway Read More
While some people can find a home they like and negotiate a fair price, many can find it difficult to get past the mortgage stage. This can be for various …
5 Home Loan Tips to Help You Get the Best Deal Read More
Last week, the Chinese EV maker Xpeng launched its website in Denmark which makes it possible for Danish customers to reserve the Xpeng P5 online, and in April, the company …
Xpeng’s P5 electric car now available in Denmark Read More
Norway’s sovereign wealth fund recently decided to exclude the Chinese sportswear company Li Ning Co Ltd due to concerns over human rights violations. Allegations China denies and warns that the …
China criticizes Norges Bank for excluding Chinese Sportswear company Read More
The LEGO Group recently reported earnings for the full year of 2021 which show that revenue for the year grew 27 percent versus 2020 to DKK 55.3 billion and consumer …
LEGO Group achieves strong growth boosted by new stores in China Read More
Due to the closure of Russian airspace, Finnair is making changes to its flights to Asian destinations and Russia which, amongst other changes, includes the cancellation of flights to Hong …
Finnair cancels flights to Hong Kong until end of April Read More
As part of NISS Campus (Nordic Innovation and Sustainability Shanghai)’s project of building a new landmark zero-carbon campus in the new development area in Minhang district, the NISS team has …
NISS Campus partners with South Hangqiao government and DI-Asia Base Read More
Norway’s Telenor is still waiting for approval of the sale of its Myanmar business and such a sale will include a spyware system that can monitor in real-time, phone calls, …
Norway’s Telenor accused of ‘egregious breach’ of EU sanctions with surveillance system Read More
Nokia has announced that the Finnish telecommunication company has been selected by Indosat Ooredoo Hutchison (IOH) as the principal vendor to deploy and expand its 4G and 5G network across …
Nokia lands network expansion deal in Indonesia Read More
Finnair’s Asia traffic is one of the cornerstones of the company’s strategy and Russia’s flight ban is therefore hitting hard. Without access to Russian airspace, it is not economically profitable to …
Russian flight ban hit Finnair’s Asia traffic hard – prepares layoffs Read More
Although Norway exported seafood worth NOK 11.3 billion in February which is an increase of NOK 2.6 billion compared with February last year, Russia’s invasion of Ukraine will affect the …
Russia’s invasion of Ukraine affects the flow of Norwegian Seafood to Asia Read More
After selling to its local market for years, the Chinese EV manufacturer selected Norway as the company’s first foreign market most likely due to the Nordic country being a testbed …
NIO to sell EVs in Denmark and Sweden in 2022 Read More
Vietnam plans to modernize and transform agriculture into a sustainable economy by 2030 and Sweden is amongst the countries where Vietnam hopes to increase market share, Farmweek writes. Vietnam’s ambitious plan involves …
Vietnam plans to modernize agriculture industry – hopes to increase market share in Sweden Read More
Norfund is joining Norsk Solar and Nordic Impact Cooperation (NIC) as investors in the 11 MW solar plant portfolio recently constructed by Norsk Solar in Vietnam. NIC is a …
Norfund partners with Norsk Solar to meet growing demand for renewable power in Vietnam Read More
People decide to wipe the hard drives on their PCs for all sorts of reasons these days, and you can easily find out how to wipe a PC by going …
3 Reasons to Use Cloud Backup Before Wiping Your System Read More
During a recent meeting, chairman of the Joint Foreign Chambers of Commerce in Thailand (JFCCT) Stanley Kang urged Thailand’s Prime Minister Gen Prayut Chan-o-cha to push for digital transformation and …
JFCCT urged Thailand’s PM to take steps to keep the country competitive in the global market Read More
I was very happy when I received an invitation from the Thai-Italian Chamber to attend “The Education Forum 2022” that took place at newly renovated Montien Hotel Surawong Bangkok. I …
Thai-Italian Chamber hosting “The Education Forum 2022” on Thursday the 24th of February. Read More
Finnair announced on 27 February that the airline will join many other European airlines and suspend its flights in Russian airspace for one week. With this action, Finnair prepares for the possible …
Finnair anticipates airspace closure and partly cancels flights to Asia and Russia for one week Read More
Last week, the military junta in Myanmar gave Telenor regulatory approval to the sale of its Myanmar business to Lebanese M1 Group, a company spokesperson has said to Myanmar Now. The …
Telenor one step closer to approval of sales of Myanmar business Read More
A Norwegian Telenor leader is denied departure by the military junta in Myanmar. The family is in Norway, and the Norwegian has not been outside Myanmar for over a year. …
Norwegian Telenor leader is denied departure from Myanmar: – It is very demanding Read More
Singapore-based Global Center for Maritime Decarbonization (GCMD) and Denmark’s Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping have formalized their collaboration by signing a Knowledge Partnership Agreement, committing to …
Singaporean and Danish firms partners for Zero Carbon Shipping as Knowledge Partner Read More
The Danish company Tide Bus A / S, which owns 31 new Chinese-made electric buses that run on the Danish city of Esbjerg’s city bus network, has had difficulties after …
Chinese electric buses in Denmark run out of power and have to drop off passengers Read More
An IKEA Philippine ad, which was posted the day after Valentine’s day, has gone viral and reached tens of thousands of Filipinos and received pure laughing reactions, Philstar reports. The Swedish furniture …
IKEA Philippine’s post-Valentine’s ad goes viral Read More
Just before Christmas, a Malaysian court dropped the charges against a local manager of Norwegian oil service provider Aker Solutions, but the case is now back in the court system …
Malaysia brings fresh charge against Aker Solution manager Read More
It is now possible to travel in Europe and to the United States, but to many countries in Asia, travel is still very limited. Finnair however still expects the Asian …
Finnair expects the Asian market to open towards the summer Read More
Singapore-based Sembcorp Marine has completed its work on the newbuild production vessel the Equinor-operated Johan Castberg project in the Barents Sea and the vessel has now departed Singapore on route …
Johan Castberg FPSO departed Singapore for Norway Read More
Telenor’s sale of its Myanmar business has received a lot of criticism from all over the world and critics are mostly concerned about the military junta getting hold of Telenor …
Telenor: We share the concerns about the extraordinary situation in Myanmar Read More
The Chinese company Nuctech has strong ties to both the Chinese Communist Party and the country’s military. Although the company’s equipment has been banned in the US over security concerns, …
Company linked to the Chinese military has won deal with Swedavia Read More
Companies in the Philippines are urged to register to trade and export with EFTA countries Iceland, Norway, Liechtenstein, and Switzerland to take advantage of the benefits of the free trade …
Philippine firms urged to register to trade and export with EFTA countries Read More
Telenor’s sale of its Myanmar business to M1 Group has been largely criticized in many parts of the world. The Lebanese investment company has been very tight-lipped about the process …
M1 Group responds to criticism about Telenor Myanmar sale Read More
Chinese electric car maker Xpeng and Sweden’s auto dealer Bilia have announced a partnership for the Swedish market. Media Elbil writes that the collaboration means that Xpeng’s models will be available in …
Xpeng and Bilia enter into partnerships in the Swedish market Read More
Volvo Cars, the Swedish automobile maker owned by China’s Zhejiang Geely Holding, has announced plans to invest SEK 10 billion in its Torslanda manufacturing plant in Sweden in coming years, …
Volvo Cars to invest SEK 10 billion in Swedish plant for switch to EVs Read More
The Finnish shipping company Viking Line recently welcomed its climate-smart flagship Viking Glory in the Port of Turku following the ship’s five-week journey from China to Finland. Viking Glory was …
Climate-smart Viking Glory completes the journey from China to Finland Read More
A customer of Telenor’s Myanmar telecommunications business has filed a complaint to the Norwegian Data Protection Authority (Datatilsynet) against the company’s plan to sell Telenor Myanmar, ABC Nyheter writes. The complainant states …
Data complaint filed against plan to sell Telenor Myanmar Read More
Swedish-Swiss Tetra Pak, a world-leading processing and packaging solutions company, and New Concept Product Co., Ltd. (NCP), has announced the launch of the new HOTTA brand products — ready-to-drink (RTD) ginger beverages …
Tetra Pak and NCP launch new HOTTA brand products in UHT carton packages Read More
Danfoss’ Editron division has successfully begun the mass production of its EM-PMI240-T180 motor at its Nanjing factory, located in the eastern Jiangsu province. Danfoss says in this press release that, established in …
Danfoss’ Editron division begins mass production of its electric motor in China Read More
The Finnish company Valmet has signed a contract to deliver a waste-to-energy (WtE) boiler fired with refuse-derived fuel (RDF) to Thang Long Energy Environment’s greenfield waste-to-energy plant in Bac Ninh …
Finland’s Valmet to supply a waste-to-energy boiler to Vietnamese plant Read More
Norway exported seafood worth NOK 10.3 billion in January which is an increase of NOK 2.1 billion, or 26 percent, compared with January last year. In this press release, the …
A record start for Norwegian seafood exports in 2022 Read More
Sarawak Shell Berhad/Sabah Shell Petroleum Corporation (SSB/SSPC) has executed two options on the previously announced contract that will employ the 7th generation drillship Maersk Viking offshore Malaysia, Maersk Drillings has …
Maersk Drilling secures contract extensions for Maersk Viking in Malaysia Read More
A few weeks ago, Chinese EV maker NIO announced that NIO users in Norway can now receive the new system update, Aspen 3.0.5 NO, which is the company’s first over-the-air …
Chinese EV maker NIO announces FOTA availability in Norway Read More
Last year, a Danish flagged Maersk ship lost 750 containers at sea when it sailed into a storm on its way from China to the US and now the customers …
Customers demand compensation after Maersk lost 750 containers on route from China Read More
The Swedish telecom giant Ericsson, together with PLDT, the Philippines’ largest fully integrated telecommunications company, and its wireless arm Smart Communications strengthen their partnership for nature conservation in the Philippines, …
Ericsson partners to protect Philippines mangrove wetlands Read More
The Swedish private equity firm EQT has appointed three high-caliber business executives with strong impact expertise to its EQT Future’s Mission Board. The Swedish private equity firm said in a …
Singaporean and Norwegian experts to advise Swedish firm EQT’s longer-hold investment fund Read More
The Swedish furniture giant IKEA’s branch in the Philippines has asked its customers to have patience as it struggles to keep up with demands and restock inventory amid the COVID-19 …
IKEA Philippines asks for patience as the furniture giant restocks inventory amid pandemic Read More
The Swedish telecoms giant Ericsson has reported a rise in net profit in 2021, with a better-than-expected performance in the fourth quarter despite significant market share loss in Mainland China. …
Ericsson profits soar despite significant market share loss in Mainland China Read More
The Norwegian-based global provider of energy data and intelligence, TGS announced earlier this month that the company has commenced a broadband 2D regional seismic data reprocessing project covering the offshore …
TGS starts new project in Indonesia Read More
A director at the Norwegian engineering company Aker Solutions’ office in Malaysia is accused of forging documents. While Aker Solutions confirms the news to media E24, the company states that the …
An employee of Aker Solutions charged with document forgery in Malaysia Read More