Category: Trade

OW Bunker’s top management was misled by the Singapore boss

The head of the subsidiary Dynamic Oil Trading is sentenced to prison for losses of 90 million dollars. The top of the OW Bunker Group was not aware of the huge risks, which were hidden in the bookkeeping, the court in Denmark states. The bankrupt of the OW Bunker Group in 2014 has led to…

Chinese Chamber of Commerce launches in Copenhagen

On the 8th of May, a Chinese Chamber of Commerce (CCCD) finally opened in Denmark, with 16 founding members to cut the ribbon and promote trade between the two countries. And the Chinese enterprises behind the chamber, 16 companies, has made investments in Denmark totalling to about 2 billion kroner and created over a 1.000…

Novo Nordisk to offer diabetis treatment to Myanmar children

The Danish pharmaceutical company Novo Nordisk will provide free treatment to Myanmar children suffering from type 1 diabetis. The treatment will include medicating the children with Novo Nordisk’s products but also educate doctors and nurses in treating the disease, which, according to a spokesman from Novo Nordisk, kills 60.000 Myanmar citizens – or at least…

Dragon Slide: Learn about start-ups in China

“For anyone with true global business and career ambitions, China is no longer an elective course, it is core curriculum.” As written numerous times before, not only by ScandAsia but pretty much every respectable business magazines, China is no longer just a market, it is ascending towards the market, the land of milk and honey.…

TMAS established in Vietman – support growing textile industry

Textile Machinery Association of Sweden (TMAS) is now firmly established in Vietnam with the purpoise of assistance in making Vietnam one of the world’s leading textile and garments manufacturer. According to Innovation in Textiles, the office has been in the 7th district of Ho Chi Minh City, with Tran Phuoc Thanh as the head of…

Norway-Asia Business Summit 2018 details

The Norwegian Business Association in Singapore presents the seventh edition of the Norway-Asia Business Summit (NABS), taking place 16-18 April in Singapore. The summit will explore how to navigate the geo-political landscape in Asia; discuss how to succeed in the time of digitalisation; provide insights on advanced manufacturing, blockchain technologies, white spaces and unicorns; and…

New Business Sweden frontier SEA markets report

‘Capture the growth of the frontier SEA markets’ Swedish companies can, and should, despite expected challenges, invest in the ‘frontier Southeast Asia markets’ – Cambodia, Laos and Myanmar. The business opportunities are there – especially within four sectors that Business Sweden (BuS) has pinpointed in its new ‘point of view’ report. In its report BuS’…

Norwegian investors continue to put faith in Greater KL

Year 2018 marks the 50th anniversary of diplomatic ties between Malaysia and Norway. What began as a partnership between two oil and gas (O&G) producing country peers has now been extended to shipping (Wilhelmsen), fast-moving consumer goods (Jordan) and chemical paints (Jotun), among others. Norwegian investments in Malaysia to-date amounts to about RM19 billion in…