Wallenius Wilhelmsen expects 10-20% rise in cargo moved through S’pore

Wallenius Wilhelmsen ASA, the world’s largest provider of vehicle and ro-ro (roll-on, roll-off cargo) transportation services, expects a 10-20 percent rise in cargo moved through Singapore this year from the 650,000 tonnes handled last year, boosted by growth in vehicle exports from the region.      “We see exports coming out of Thailand and Indonesia as they…

Pan Asia Paper to form joint venture in China

Norske Skogindustrier ASA’s half-owned joint venture in Singapore, Pan Asia Paper Co. Pte Ltd., announced on September 10 the creation of a 65-35 per cent joint venture with Hebei Longteng Paper Corporation of China to build and operate a newsprint mill in the industrially developed Hebei Province of China, 280 km southwest of Beijing.      The…

Thai vegetables hit in Swedish pesticide analysis

“This is completely unacceptable,” says Mr Arne Andersson, head of the National Food Administration’s, NFA, control unit to Swedish daily UNT in a comment to the findings on imported Thai vegetables. “Some pesticides found belong to the most poisonous ones.”      It was during the NFA’s annual 2002 pesticide survey – where a total of 2…

Denmark, Vietnam to seek stronger trade ties

Denmark and Vietnam will promote potential trade links, focusing on food processing and shipping, pledged His Royal Highness the Prince Consort of Denmark and Vietnamese deputy prime minister Vu Khoan during a reception for a Danish delegation on September 15.      The Danish Royal Highness, together with a Danish delegation consisting of 23 major Danish companies…

Swedish pavilion at 3GSM Asia in Singapore

The Swedish Trade Council has initiated a Swedish pavilion at the mobile communications trade fair 3GSM Asia held in Singapore 24 to 26 September.      Teligent, Enea and Netcom consultants have confirmed attendance from Sweden. The target audience for this trade fair is a mix of operators, venture capitalists, application developers and sales organisations in the…

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…