SEB targeted by Singaporean swindler

Swedish bank SEB is one of several foreign banks, the other are German and Japanese, that extended loans to a Singaporean man who pretended to take the credits on behalf of his then employer Asia Pacific Breweries.      The total amount obtained by the former finance manager at the brewery is close to USD 70 million,…

EAC acquires the Dumex trademark on a global basis

EAC has signed an agreement with Alpharma ApS which is expected to lead to a legally binding agreement for the acquisition of the full ownership rights of the Dumex trademark in China, Cambodia, Hong Kong, Japan, Laos, Mongolia, Philippines, South Korea, Taiwan and Vietnam as of the end of 2003.       At present, EAC has…

DTAC getting ready for mobile number portability

Telenor’s mobile-phone operation in Thailand, DTAC, is confident that the company can keep its premium customers when mobile number portability (MNP) is launched in Thailand.      MNP, which gives the possibility of keeping cell-phone numbers when changing to another operator, is expected to lead to more users switching service providers.      Thailand’s English-language daily The Nation quoted…

Sida supports environment management system project

The Swedish international development cooperation agency, Sida, has approved a PHP 11 Million contribution to a project in the Philippines which will provide an environmental management system for possible ISO Certification.      Sida’s decision came in September, following a project endorsement by the Philippines National Economic and Development Authority on 30 June 2003.      The Swedish consultant,…

New Danish-Thai joint venture within waste water

Luxcare Co., Ltd. is a new Thai-Danish joint venture set up this year between Loxley Utilities Services Co., Ltd., Thailand and Envicare Aps., Denmark. The main objective of the new company is to create solutions for wastewater treatment through advanced expertise of process design, and to create flexible and sustainable systems that are environmentally friendly…

Danes of no return

They moved abroad because of the adventure: How would it be to live and work somewhere else? They are mostly well educated and thought it might strengthen their skills and give them better future job possibilities. Some got higher wages in their new jobs abroad. But first and foremost they all got more spending power…

Three VN companies at TechChange in Denmark

Three companies from Vietnam participated in last week’s TechChange arrangement organized by the Danish Ministry for Foreign Affairs during the exhibition HI-Messen in Herning in Denmark 9 -12 september 2003.      Profiles on the three companies (pdf files/Acrobat) are available online. They are: Hong Dang Equipment Co. Ltd., Vietnam      (http://www.um.dk/danida/fairtrade&techchange/profiler/hong_dang-vietnam.pdf Haimy Enterprise, Vietnam      (http://www.um.dk/danida/fairtrade&techchange/profiler/haimy_enterprise-vietnam.pdf) Dong A…

Invest in Denmark’s new Director Asia

Bo Bjerregaard Rasmussen has succeeded Thomas Christensen as Director Asia at Invest in Denmark’s Tokyo office.      A masters graduate in economics with a wealth of experience, Bo Bjerregaard Rasmussen’s career to date includes a management position at the Confederation of Danish Industry’s Japan office, commercial attaché in the Foreign Ministry and section head positions at…