Latest Scandinavian Business News

Danish Crown has signed major deal with Chinese company

Danish Crown and Chinese Alibaba’s Win-Chain on 6 November signed an agreement on weekly deliveries of 250 tonnes of Danish pork from Danish Crown’s new factory in China. The deliveries will start during summer 2019 and continue for five years. The agreement is worth at least 300 million euro (2,3 billion DKK), according to Danish…

Denmark’s innovations showcased at Vietwater 2018

Danish technologies, products and solutions were shown at the Danish pavilion at Vietwater 2018, which started on 7 November in Ho Chi Minh City, Vietnam. The Danish pavilion consisted of the Danish Embassy in Vietnam and six members of the Confederation of Danish Industry which are all leading Danish companies within the water sector, according…

Philippine drivers rejected contract from Danish employer

Philippine drivers in Denmark have on 4 November rejected a contract from their criticized employer, because they find the pay increase too small. 26 Philippine drivers working for a subsidiary of the Danish carrier Kurt Beier have declined a new contract for a monthly salary of € 1.300 euro, according to Fagbladet 3F. The salary…

Swedish Collectius takes of non-performing loans Philippines

Collectius is continuing to purchase portfolios of non-performing consumer loans within Southeast Asia. The company is now spearheading the first secured portfolio in the Philippines when taking over 40 million USD non-performing loan (NPLs) portfolio with cars as collateral. The deal that consist of both auto and personal loans is Collectius’ third bank portfolio of…

Swedish food, beverage companies visited Singapore

On 15 October the Swedish Ambassador in Singapore hosted a reception at his Residence in conjunction with the visit to Singapore by five Swedish companies from the Food & Beverage sector, namely Orkla, Pågen, Paulig Group, Nordic Fine Food and SweCheese. The companies visited Singapore as part of Business Sweden’s ‘Food Days’, a project that…

Swedish embassy in Singapore beach cleanup

On 27 October the Embassy of Sweden, Singapore participated in a beach cleanup activity at the Changi Coastal Walk organized by the EU delegation in Singapore under the headline ‘Together for the Ocean’. The aim of this activity was to signal the importance that the EU and its member states attach to the fight against…

Electric car Polestar’s new headquarters in Sweden

Polestar, the new electric performance brand from the Volvo Car Group, inaugurated its new global headquarters in Gothenburg, Sweden. Strategically located on the Volvo Car Group campus, the new building and working environment supports cross-functional collaboration throughout Polestar and further strengthens cooperation between the Polestar brand and its parent company. The new headquarters building, which…

Niclas Kvarnström: Debuts as Ambassador in Singapore

There are changes at the Embassy of Sweden in Singapore. A new ambassador has arrived and the embassy relocated to a new address in November. On 27 September HE Mr Niclas Kvarnström presented his credentials as the new Head of the Swedish Mission in Singapore to President Halimah Yacob. Niclas Kvarnström arrived to Singapore along…

Finnish investors drawn to Greater Kuala Lumpur’s rich talent base

Finnish-Malaysian ties took off upon the inking of an Investment Guarantee Agreement in 1985, with many Finnish companies back then drawn to Malaysia’s relatively cheaper manufacturing and technical talents and strategic location as a regional hub. The same year investment ties were further cemented when escalator and elevator market leader KONE set foot in Greater…