Latest Scandinavian Business News

Sigríður Ásdís Snævarr: Iceland’s new ambassador to Singapore

In May Iceland’s fourth ambassador to Singapore, H.E. Sigríður Ásdís Snævarr, handed over her credentials. This was also the fourth trip ever to the Southeast Asian hub by this very experienced diplomat. “We are now celebrating our twentieth anniversary of diplomatic relations,” the ambassador tells ScandAsia, while in Singapore. Her return, versus the first visit…

Norway and Philippines activated 1st floating solar project  

SN Aboitiz Power Group (SNAP), the joint venture between SN Power (Norwegian hydropower developer and investor) and Aboitiz Power Corp. (Filipino power investor) switched on its first 200-kilowatt (kw) floating solar project to provide power to SNAP-Magat’s facilities over Magat Dam, one of the largest dams in the Philippines. At the switch-on ceremony taking place…

Finnair will add three more flights to China’s new airport

On June 26, 2019, Finnair announced its plan to grow its operations in China by adding three weekly flights to new Beijing Daxing International Airport set to be the world’s biggest, according to Reuters. Located on the border of Beijing and Langfang, Hebei Province, Beijing Daxing International Airport is scheduled to open for operation by…

Green light for EU-Vietnam trade and investment agreements

On June 25, the Council of Ministers authorized the EU-Vietnam trade and investment agreements which are set to be signed by Swedish born EU Commissioner for Trade Cecilia Malmström and Romanian Minister for Business, Trade and Entrepreneurship Ștefan-Radu Oprea on the EU’s behalf in Hanoi on Sunday 30 June. The agreements with Vietnam, the EU’s…

Norway funded Cambodia’s project on biodiversity

Norwegian Agency for Development Cooperation (Norad) funded the project launched by Cambodia’s National Council for Sustainable Development (NCSD) with the technical assistance from United Nations Development Programme (UNDP). The Biodiversity Finance Initiative is the name of the project launced on June 20. This project is expected to be a solution for protecting and maintaining Cambodia’s…

Swedish firm to supply Geely with its self-driving car software

Geely, China’s automotive company has awarded Zenuity, the joint venture between Swedish technology group Veoneer and Geely’s subsidiary Volvo Car, as its supplier for assisted and self-driving software. According to Reuters, Geely’s deal consisting of car brands namely Geely Auto, Volvo performance brand Polestar, subscription-based electric carmaker Lynk & Co and British sports car maker…

SP Telecom collabed with Nokia to install Singapore’s First 5G fixed network

SP Telecom, Singapore’s network and fibre infrastructure provider, stated on June 17 that it is joining force with Finnish telecommunications company Nokia to enable the deployment of Singapore’s first 5G-ready software defined network. SP Telecom addressed that Nokia’s FP4-based Service Router, optical transport and cloud software solutions, service automation and network orchestration application suite will…

Norwegian Embassy joined Malaysia’s petroleum exhibition

Representatives from Royal Norwegian Embassy in Kuala Lumpur led by Erlend Sannes Hadland, Deputy Head of Mission joined the 17th Asian Oil, Gas & Petrochemical Engineering Exhibition (OGA 2019) on June 18, at the Kuala Lumpur Convention Centre. Organized by Malaysian Exhibition Services, Malaysia’s leading exhibition organizer, OGA 2019 is a 3-days exhibition taking place…

IKEA to buy food ingredients from Pinoy farmers

IKEA Philippines planned to buy the food ingredients from Filipino farmers for its restaurant in IKEA upcoming store scheduled to be opened in 2020. Once complete, IKEA Pasay will be IKEA’s first store in the Philippines, envisioned to be the world’s largest IKEA’s store located at the SM Mall of Asia Complex in Pasay City…