Latest Scandinavian Malaysia News

Finnish Konecranes bought remaining 50% stake in MHE-Demag South East Asia

Finnish industrial crane maker Konecranes has agreed to buy the outstanding 50% stake in its MHE-Demag joint venture in Southeast Asia from partner Jebsen & Jessen for 147 million euros on 5th December 2019. MHE-Demag, which has 1,800 employees, operates in Australia, Indonesia, Malaysia, Singapore, the Philippines, Taiwan, Thailand and Vietnam. According to Reuters, Konecranes…

Finnish electricity generator installed in Cambodia

Two generators worth some $400 million that the government bought from Finland and Germany earlier this year will generate an additional 400MW of electricity by June 2020, which will help reduce dry season power shortages., Cambodia’s Ministry of Mines and Energy, H.E.Victor Jona said on 2nd December  2019. MR. Jona, the Director General of General…

Swedish hub Findec partners up in Singapore, eyes Asean

During the recent Singapore Fintech Festival (SFF) Sweden’s Stockholm-based hub for Fintech companies, Findec, signed a partnership, MoU, with Singapore Fintech Association (SFA). “The purpose with this collaboration is to open up a bridge between Singapore and Sweden so that we can work better; share information, technology and companies; and ensure a better business flow…

Malaysia retained its seat in IMO council

Malaysia not only managed to retain its seat for the eighth consecutive term at the International Maritime Organisation (IMO) Council under Category C during a recent re-election.  It also won a record number of votes with 142 out of 165 member countries,in London, 29th November 2019. Malaysia has now held its seat on the IMO…

Unique Monitor ERP System Malaysia – OCBC Bank MoU supporting SMEs

On 27 November the Monitor ERP System’s Malaysian subsidiary landed yet another milestone for 2019 by entering into a Memorandum of Understanding with OCBC bank. This new partnership will enable lending support to SMEs wishing to purchase the Swedish cutting-edge ERP system for manufacturing. “Financing of software is, as we all know, very rare. So…

Malaysia announced ban on discharge wash water from open-loop scrubber

Malaysia has joined the major bunkering hubs of neighbouring Singapore and UAE’s Fujairah in effecting a ban on discharge of wash water from the open-loop style of exhaust gas cleaning systems, more commonly known as scrubbers A shipping notice – MSN 07/2019 – hosted on the website of Malaysia’s department of maritime affairs, Jabatan Laut…

Preparing new Nordic expats-to-be

Seasoned employers know that being properly prepared is key for a successful posting in Asia, while minimizing the risks – and they prepare their employees accordingly. Nordic employers mostly prepare their assignees well for their posting in Asia to achieve a successful foreign assignment. While learning the cultural do’s and the don’ts may be critical…

Finns soft-launch Waste-To-Value Centre in Singapore

On 14 November, initiated by Finnish experts and with support from the Embassy of Finland, a Waste-To-Value Centre was soft-launched in Singapore, with Ms Katri Kulmuni, Deputy Prime Minister and Minister of Economic Affairs, Finland in attendance. The Waste-To-Value-Centre was inaugurated in connection with a seminar at Nanyang Technological University, whose Nanyang Environment & Water…

Telenor enters classified app market: Takes 32 pct. stake in Carousell

Telenor Group, the Norwegian multinational telecommunication company, has signed an agreement with Carousell, one of the world’s fastest growing classifieds, in Singapore on 21st November 2019. Johan Rostoft, head of online classifieds at Telenor, said in a statement: “We have built a profitable and high-growth marketplace business serving millions of users every single day. This…