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.
Planning to live, work or do business in Thailand? Expat Guide Thailand provides practical information for expatriates, while EuroThaiLink introduces Thai businesses to European products, technology and industrial machinery.
A Malaysian court has cleared the Director of Norway’s Anker Solution branch in Malaysia of accusations that he submitted false documents in dealings with state-owned energy company Petronas, the Norwegian …
Malaysian court dismisses case against accused Aker Solutions director Read More
The Swedish founded company Scandic Sourcing this year celebrated its 15th anniversary, SwedCham China writes. Scandic Sourcing was founded in Shanghai, China in 2006 by Per Linden, who after a 21-year career …
Scandic Sourcing celebrated its 15th anniversary Read More
TopEngage recruits patients for different specialized hospitals/clinics and medical companies in Asia. In year 2016, the Latvian born Oksana Petersen decided to start her own company, TopEngage. At this time …
Oksana and her company TopEngage Read More
On 3 December, Indonesia’s 9th certified LEGO store opened at Pondok Indah Mall 3 and the Embassy of Denmark in Indonesia attended the opening ceremony. According to the Embassy, this LEGO store …
The 9th LEGO store opens in Indonesia Read More
Norwegian seafood exports reached a historic milestone in November with an increase of 28 percent compared to the same month last year, according to the latest data from the Norwegian Seafood …
Export of Norwegian seafood hit new record a month early Read More
The Swedish telecom giant Ericsson raised on 30 November its global forecast for 5G mobile subscriptions to 660 million by the end of this year due to stronger than expected …
Ericsson raise global 5G forecast due to stronger demands in China and North America Read More
The Finnish intelligent marine technology company, Wärtsilä Voyage, has signed an MoU with the China Classification Society (CCS) and Tianjin Port to advance China’s intelligent vessel technology and deploy next-generation …
Wärtsilä partners with CCS and Tianjin Port in developing next-gen tug technology Read More
Of the many things Thailand is known for Coffee is probably not the first thing that comes to mind. Nevertheless, half Finnish-half Thai founder of the new “Coffee Culture Thailand” …
Half-Finnish Susan is trying to cultivate the Thai coffee culture with her new store Read More
The Philippines have “been the right spot on our map for the longest time”, Head of IKEA Philippines Georg Platzer said last week as the Swedish furniture giant officially opened …
The Philippines have been the right spot on IKEA’s map for the longest time Read More
On Friday November 26th 2021, the latest Fitness studio 24/ Seven opened on Sukhumvit Road near Nana Bts station. The first was established in 2018. Who stands behind this gym? …
New Fitness studio 24/Seven opened in Nana area on Friday the 26th of November Read More
The Swedish battery materials company Altris AB has officially opened its first office in China, the company recently announced. The Guangzhou-based team will work to promote the company’s innovative cathode material, …
Swedish battery materials company Altris AB expands to China Read More
Finnish Wärtsilä Voyage has signed a landmark Memorandum of Understanding (MoU) with the Maritime and Port Authority of Singapore (MPA) to further strengthen their collaboration in smart port innovation and …
Wärtsilä partners with Singapore MPA to co-develop next-generation safer and greener smart port solutions Read More
The European Commission’s Directorate-General for Agriculture and Rural Development is inviting its member state companies and organizations to participate in a trade delegation to Singapore and Vietnam, to take place …
EU agriculture stakeholders invited to Southeast Asia trade delegation 2022 Read More
Swedish-Swiss Tetra Pak, a world-leading processing and packaging solutions company, together with the Royal Chitralada Projects has introduced the world’s first congee in Tetra Recart®, a paper-based carton package from …
Tetra Pak and the Royal Chitralada Projects Launch the World’s First Congee in Carton Package Read More
On 22 November, Telenor Group and C.P. Group announced that they have agreed to explore the creation of a new telecom-tech company comprising dtac and True. According to a company statement, the …
Telenor and C.P. Group support dtac and True in exploring the creation of a new telecom-tech company Read More
Norway’s Telenor is considering merging its mobile operations with Charoen Pokphand Group (CP Group) , Telenor recently said in a statement. The two parties are exploring a merger of their …
Telenor in talks about a possible merger in Thailand Read More
The Swedish furniture giant has opened its Bali store which is the fifth IKEA store in Indonesia and the first one outside Java island. IKEA Bali is located at Kuta …
IKEA has officially expanded outside Java island with the opening of its Bali store Read More
Norwegian renewable hydrogen plant manufacturer HydrogenPro has reached an agreement with China’s Tianjin HQY Hydrogen Machinery Co., Ltd. (“THM”) to create a joint venture, which will allow HydrogenPro to utilize …
Norway’s HydrogenPro sets up joint venture with Chinese THM as basis for global fabrication plan Read More
Mainstream Renewable Power, a subsidiary of Norwegian offshore giant Aker, has received the green light from the Vietnamese province of Soc Trang to work on what could become Southeast Asia’s …
Vietnam province approves investment for Anker-owned developer’s offshore wind farm Read More
The Covid crisis and its subsequent lockdown and restrictions have kept the tourism industry of Thailand in a stranglehold. Numerous hotel buildings are up for sale or rent and an …
Danish entrepreneur plays monopoly in Thai hotel market Read More
On 15 November, Singapore-based Aeroter announced an exclusive five-year agreement with Swedish company Savback Helicopters AB to distribute and sell its innovative VRT500 light, single-engine helicopter. From its headquarters in Sweden, Savback …
Aeroter and Savback sign exclusive five-year sales agreement Read More
The Swedish furniture giant IKEA is finally ready to open its biggest store to date and in a recent press release, IKEA Philippines announced the official opening of the physical …
IKEA opens world’s biggest IKEA store opens in the Philippines on 25 November Read More
Telenor employees across the Nordics and Asia prove they intend to remain at the forefront of upskilling to meet the rapidly changing demands of global customers by setting a new …
Telenor employees across the Nordic and Asia write e-learning history Read More
The Norwegian company Zwipe, a leading biometrics payment company, announced that it had appointed Claus Hansen as Vice President of Sales and Business Development, Asia Pacific (APAC) region. Mr. Hansen will lead …
Norwegian Zwipe appoints Asia Pacific region Head to strengthen its regional presence Read More
The global shipping crisis is affecting many businesses around the world and IKEA Philippines is no exception. Although IKEA Philippines confirmed that the company is also having supply chain issues, …
IKEA Philippines affected by global shipping crisis but it will not affect physical store opening Read More
Finnish Minerals Group and Beijing Easpring Material Technology have been investigating and negotiating the possibility to establish a CAM plant in Kotka, Finland with the initial capacity of 50,000 t/a …
Finnish Minerals Group and Beijing Easpring cathode materials plant proceeding as planned Read More
Ørsted Group has proposed an offshore wind power plant in the northern Vietnamese port city of Hai Phong with an estimated investment of between 11.9 billion USD to 13.6 billion …
Ørsted Group to invest up to 13.6 billion USD in offshore wind farm in Hai Phong Read More
They must taste good, be nutritious and bountiful, and be environmentally friendly to grow. For the teams in the finals of Pinduoduo’s Smart Agriculture Competition, the bar has risen to …
Pinduoduo Smart Agri Competition promotes greentech through global collaboration Read More
The Myanmar military has since September laid landmines at telecommunications towers owned by or leased to mobile operators including Norway’s Telenor, media Myanmar Now writes in a recent article. According to Myanmar …
Myanmar military lays landmines around Telenor’s telecom towers Read More
Vestas, the Danish leading manufacturer of wind turbines will consolidate its two regions China (CHI) and the Asia Pacific (ASP) into one business region covering the Greater Asia region named …
Vestas creates business region for Greater Asia Read More
The Swedish furniture giant IKEA has officially opened its online store in the Philippines which will operate 24/7 starting 3 November, ABS-CBN News reports. IKEA Philippines started a test run of the …
IKEA Philippines online store to operate 24/7 Read More
Learning conversational English has long been thought of as an activity for students or those planning to travel abroad. However, there are several benefits associated with knowing multiple languages. Speaking …
How Learning English Can Boost Your Global Business Read More
The Finnish software company SSH and a leading Financial Services Institution in Singapore has entered into a three-year Tectia and Tectia Quantum license agreement. According to this company statement, the …
SSH enters in a three-year Tectia and Tectia Quantum license agreement with leading FSI in Singapore Read More
Novo Nordisk Taiwan was recently awarded the title “Outstanding Foreign Business” at the 75th Golden Marchant Award Ceremony in Taiwan, The Trade Council of Denmark, Taipei reports. With 95 years …
Novo Nordisk Taiwan received Golden Merchant Award Read More
Last week, Norway’s telecom giant Telenor posted the company’s third-quarter report which showed flat organic subscription and traffic revenues, a 2 percent decline in organic EBITDA, and a strong cash flow of …
Telenor’s third-quarter results are impacted by the prevailing covid-19 situation in Asia Read More
Swedish-Swiss Tetra Pak, the world-leading processing and packaging solutions company has appointed Ratanasiri Tilokskulchai as the new Managing Director, according to this company statement. With over 10 years of experience at …
Tetra Pak Thailand appoints new Managing Director Read More
Combining expertise in smart home furnishing solutions and in-depth knowledge of the gaming industry, Swedish furniture giant IKEA has collaborated with ROG (Republic of Gamers) to develop a gaming range …
It’s Game On: IKEA Gaming Range is launching in Singapore on 4 November Read More
Denmark-based Grundfos, a global leader in advanced pump solutions and water technology has announced the launch of the LC232 Controller in Thailand, an industry-first for groundwater intake controls that utilize …
Grundfos introduces new groundwater pump controller to advance Thailand’s smart agriculture future Read More
Swedish pension providers Folksam and AMF have both announced they bought billions of kronor of newly-issued shares in Volvo Cars in the initial public offering (IPO) which took place on …
Swedish pension firms invest billions in Volvo Cars’ IPO Read More
Director Bo Mønsted has welcomed the Danish brand UMAGE to Taiwan. Established in 2008, UMAGE is a manufacturer of lighting and furniture solutions with a focus on Scandinavian design that …
Director Bo Mønsted welcomes the Danish brand UMAGE to Taiwan Read More
On 19 October, Borge Eckholm, President and CEO of Ericsson, revealed that the Swedish telecom giant’s revenue from the Chinese market plummeted by 74 percent in the third quarter of …
Ericsson plans to restructure business in China Read More
Oil and gas company Neptune Energy recently announced that drilling has begun on four production wells on the Fenja field in the Norwegian Sea. The wells are being drilled by the Deepsea …
Norwegian and Chinese cooperation begins final well campaign on Fenja Read More
The Danish seafood processing giant Espersen is currently “slowly but surely” reopening the company’s facility in Vietnam after 10 weeks forced shutdown due to Vietnam’s strict covid-19 measures, Intrafish writes. Espersen is …
Danish Espersen reopens Vietnam facility ‘slowly but surely’ as country battles Covid Read More
Singapore-based Sembcorp Marine (Sembmarine) has in a press release clarified media reports on the Johan Castberg project offshore Norway. Last week, The Business Times published an article citing a media report …
Sembmarine clarifies media reports on Johan Castberg project Read More
As part of the Swedish furniture giant IKEA’s global effort to become a more sustainable business, IKEA Bang Yai in Thailand has been turned into a circular store. According to Greenqueen, …
Thailand’s IKEA Bang Yai transforms into a circular shop Read More
Finnish KONE, a global leader in the elevator and escalator industry, has been awarded the contract to equip the new development at the former Keppel Towers site in Singapore with …
Finnish KONE to equip Keppel Towers in Singapore Read More
Hong Kong Textile Apparel Institute (HKRITA) and the Swedish H&M Foundation recently announced an ambitious project to address textile waste in Cambodia. According to a press release by the H&M Foundation, the …
HKRITA and H&M launch project to treat textile waste in Cambodia Read More
China has pushed Norway out of the top five export destinations for Denmark, Nordjyske writes. Denmark has exported more to China than to Norway over the past 12 months, according …
Denmark export more to China than Norway Read More
In the Autumn of 2020, Danish Prime Minister Mette Frederiksen ordered for all Danish minks to be put down due to a covid virus mutation found among Danish minks. Danish …
Prices on Danish mink have doubled in China after last years scandal Read More
Thailand’s national airline, Thai Airways International has announced that the airline will resume full service on 36 international routes to destinations in Scandinavia including Denmark and Sweden plus routes in …
Thai Airways to resume international services to 36 destinations including Denmark and Sweden Read More