Latest Scandinavian Malaysia News

DiGi’s 9-month net profit increases 10.5%

DiGi Telecommunications Sdn Bhd, Telenor’s mobile phone operation in Malaysia, recorded a higher pre-tax profit of MYR120.1 million for the nine months ended 30 September 2003, representing an improvement of 7.6% over the MYR111.6 million recorded in the corresponding period last year.      The group consequently registered a net profit of MYR86.2 million, which is 10.5%…

MASBA launches new website

The Malaysian-Swedish Business Association (MASBA) on October 30, 2003 launched its new website, which have packed many improved features and functions under a clean and user-friendly design. The URL remains unchanged at http://www.masba.org/      The new website is part of MASBA’s plan to offer added values to its members and the Malaysian-Swedish business community.      “We are…

Exports to major ASEAN countries declined Jan-Sept 2003

Norway’s exports of traditional commodities (all commodities excluding ships and oil platforms, for exports also excluding crude oil, natural gas and condensates) to Indonesia, Malaysia, Singapore and Thailand all fell during the first nine months of 2003, according to preliminary figures released mid October by Statistics Norway. Degrees of the decline start from slightly 0.6…

Smedvig strengthening joint venture in Malaysia

Varia Perdana Sdn Bhd – a joint venture between Norwegian offshore drilling contractor Smedvig asa and its Malaysian counterpart Crest Petroleum Bhd – on October 8 entered into agreements to acquire the self-erecting tender rigs T-9 and Teknik Berkat. The total consideration for these two units is US$ 95 million.      Smedvig has 49 percent stake…

Malaysia to link up with Karolynska Institute in Sweden

Malaysia will link up with the world’s largest research centre in Sweden to expand its research in biosciences and biotechnology, Malaysian newspaper The Star reported citing Health Minister Datuk Chua Jui Meng.      According to the health minister, collaboration between Malaysia’s Institute of Medical Research and Karolynska Institute in Sweden will begin next year.      The decision…

Bofors to establish joint venture with PSC Defence in Malaysia

Swedish defence systems company Bofors Defence AB and Malaysia’s PSC Defence Technology Sdn Bhd (PSCDT) will in the second half of October establish a joint-venture company, Bofors Defence Asia Sdn Bhd, to be operational early 2004.      SST Wafa, director of the new company, told Malaysian daily The Star that PSCDT would take a 51 percent…

Jyske Bank (Schweiz) to visit South East Asia again

Jyske Bank will this November go on a tour of South East Asia to visit Indonesia, Singapore, Malaysia and Thailand. The bank will this year be represented by Mr. Mads Schierup, Mrs. Mette Kraushaar and Mr. Helge Nielsen.       “Both we and our customers find the personal contact important and so it is only natural…

Bofors Defence announces joint venture plans with Malaysian partner

The Malaysian shipyard Penang Ship Building – Naval Dockyard Bhd and the Swedish defence systems provider Bofors Defence confirm talks on setting up a joint venture in Malaysia.      It is a more formalised cooperation for maintenance and spare parts to naval air defense systems that has prompted the discussion to set up a company. Currently…

First half year 2003 fall in Swedish exports to five main Asean markets

Sell harder!      That is the message Swedish exporters active in five major Asean markets – Indonesia, Malaysia, Philippines, Singapore and Thailand – should get after reading the latest market survey from Sweden’s Trade Council.      Sweden fails to up sales in any of the five countries.      The drop in exports ranges from a modest five percent…