Two Malaysian firms plan agarwood venture in Laos
Two Malaysian companies plan to invest US$18 million (RM79 million) for the inoculation of agarwood in Laos that is expected to generate US$200 million in three years.
Agriculture transaction company Aseagate (M) Sdn Bhd, forestry management company Richwood Capital Sdn Bhd, together with non-governmental organisation Global Outstanding Chinese 100 Organisation of Singapore on 6 January inked a memorandum of understanding for the project.
