Nordic News, Business and Life in Asia
The value of Arla’s stock in China’s largest dairy, Mengniu, has risen 65 percent, making Arla’s investment of 1.8 billion kroner now worth just under 3 billion kroner. “We are …
Arla’s investment in Chinese dairy delivers huge gains Read More
Sweden-based Spotify has previewed its cloud-based music streaming service in the Philippines this Tuesday backed by beverage heavyweight Coca-Cola. Coca-Cola Philippines broke the news this morning on its official Facebook …
Spotify arrives in Philippines via Coke Read More
Swedish supplier SKF says it has signed a five-year deal to supply transmission seals to China’s Zhejiang Geely Holding Group. The deal is worth 100 million crowns (11.3 million euros), …
SKF to supply transmission seals to China’s Geely Read More
Norwegian oil firm Statoil has a won a license to explore for oil and gas in a deepwater block offshore Myanmar together with U.S. major ConocoPhillips, the Asian country’s energy …
Statoil wins deepwater oil license off Myanmar Read More
Ulmatec Handling in Norway has been awarded a contract by China Oilfield Services for four Ulmatec launch and recovery systems (LARS). The LARS will have an advanced control system, electric …
Ulmatec secures LARS contracts for Chinese newbuilds Read More
Swedish-based Kapsch TrafficCom says it has signed an agreement with an Indonesian IT firm in preparation to offering electronic road pricing for inner-city areas and highway toll booths. Kapsch, which …
Kapsch Waiting for Jakarta’s Green Light Read More
Vestas Wind Systems A/S, the ‘s biggest wind turbine manufacturer, wants to gain market share in China, where almost half of last year’s new installations took place, Chairman Bert Nordberg …
Vestas Wind targets China market Read More
BYD continues to have good news to share about its electric buses. From huge orders (1,200 units!) in China to 30-hour run times in New York City, things seem to …
BYD receives China’s order of 1,200 electric buses Read More
Volvo Car Corp. said Friday it swung to a modest full-year profit for 2013 mainly because of cost cuts and strong second-half retail sales in China, even as revenue declined. …
Volvo Car swings to profit due to China demand, cost cuts Read More
Norway’s DNV GL, a leading ship classification society and one of the world’s leading risk and sustainability service providers, opened Friday a new office in Ho Chi Minh City, Vietnam …
DNV GL Opens New Vietnam Office Read More