Latest Scandinavian Singapore News

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…

SEB investment seminars

The Nordic banking group Skandinaviska Enskilda Banken (SEB) is organizing a range of investment seminars in South East Asia during October. Under the title “The Global Economic Outlook and Your Investments”, key staff of SE Banken will share their views on the global economy, the current macro economic outlook and advise on private investment strategies.…

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…

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…

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,…

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…

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…

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…