News & Events

Events That Shaped Our Path For A Sustainable Agarwood (Oud) Future

Events

MOU Signing Ceremony
May 2025
Vientiane, Lao PDR

Signing of MOU between Ministry of Agriculture and Forestry and Link Capital Pte Ltd On Cassava Cum Waste To Value Project

A significant milestone in sustainable agriculture and waste management as Link Capital Pte Ltd partners with the Ministry of Agriculture and Forestry of Lao PDR to develop innovative solutions for cassava processing and waste utilization.

Ambassador Visit
May 2025
Vientiane, Laos

Courtesy Visit To H.E. Vilatsone Visonnavong, Lao PDR's Ambassador to Singapore

We updated H.E. Vilatsone Visonnavong, Lao PDR's Ambassador to Singapore on our projects in Laos during a courtesy visit. He's fully supportive and will help us work with the Laotian government.

Minister Factory Visit
April 2025
Singapore

H.E. Linkham DOUANGSAVANH (Minister of Agriculture and Forestry) and his delegation's Factory visit

We are honored to welcome H.E. Linkham DOUANGSAVANH, Minister of Agriculture and Forestry of Lao PDR, and his distinguished delegation to our Centre of Excellence in Singapore. Their visit marks a significant milestone in our ongoing collaboration and commitment to sustainable agarwood development in the region.

Factory Visit
April 2025
Singapore

Mr. Marwan Al Marri, Regional Director - Asia at Dubai Chambers' visit to our Centre of Excellence

We are grateful for Mr. Marwan's visit to our factory Apr'2025 and his high praise for the quality of our oud oil and innovative products, both current and future.

WhiffSG Launch Event WhiffSG Product Display
March 2025
Singapore

Whiff.SG Becomes Official Distributor for Qhoswar

Celebrate the debut of Singapore's first real oud fragrance, proudly processed at Singapore’s first oud processing facility and expertly formulated locally, available only at Whiff.SG. Raed and Qadira are more than fragrances; they declare Singapore’s innovative spirit. Qhoswar: Symbolizing Singapore's prowess, Raed’s roar and Qadira’s aura showcase our pride in local production. Crafted to stand amongst legends. We were honoured to host Minister for Manpower Mr. Tan See Leng, Mayor of South East District Mr. Fahmi Aliman, & Speaker of Parliament Mr. Seah Kian Peng for gracing us at our booth and showing their support for local innovation.

Meetings with Laotian Officials
December 2024
Vientiane, Lao PDR

Strategic Meetings with Laotian Senior Officials

This past week in Vientiane was filled with productive meetings with esteemed Laotian senior officials, including H.E. Linkham DOUANGSAVANH, Minister of Agriculture and Forestry, H.E. Phet PHOMPHITHAK, Minister of Planning and Investment, H.E. Boviengkham VANGDALA, Minister of Technology and Communication, H.E. Varany PHOMMAVONGSA, Deputy Minister of Information, Culture and Tourism, H.E. Vansy KOUAMOUA, Deputy Minister of Information, Cultural and Tourist, H.E. Sudesh Maniar, Ambassador of Singapore to Lao PDR, Somvang PHIMMAVONG, Director General of Department of Forestry, Ministry of Agriculture and Forestry, and Ms Phakkavanh PHISSAMAY, Director General of Finance and Planning, Ministry of Natural Resources and Environment.

The valuable insights and unwavering support received during these discussions with key ministries and the Singapore Embassy have instilled great confidence in successfully implementing our Agarwood (forestry) and carbon credit projects in Laos.

We look forward to a prosperous 2025!

Singapore-Laos 50th Anniversary Commemoration
August 2024
ITE College East, Singapore

Gifting of 100 Oud saplings from Lao PDR to Singapore

We were pleased to have facilitated a gift of 100 Oud saplings from Lao People's Democratic Republic to Singapore to commemorate the 50th anniversary of Singapore and Lao People's Democratic Republic bilateral relationships.

Project Aviation Sponsor: Singapore Airlines Ltd

Project supported by: Institute of Technical Education and National Parks Board

Carbon Credit Discussion
July 2024
Shangri-la, Singapore

Carbon Credit & Capacity Building Discussion with Laos Ministers

We are privileged to arrange a meeting cum discussion with H.E. Bounkham VORACHIT (Minister of Natural Resources and Environment, Lao PDR) and H.E. Malaithong KOMMASITH (Minister of Industry and Commerce, Lao PDR) together with H.E. Sengkeo Pouangpadith (Ambassador of Lao PDR to Singapore) on the topics of carbon credit and capacity building (education and training) during their recent official visit to Singapore with the Prime Minister of Lao PDR. We are certainly very in sync with Minister Grace Fu post on her LinkedIn pertaining to the cooperation between Singapore and Lao PDR with our Agarwood project.

Letter of Intent Signing
July 2024
Vientiane, Lao PDR

Link Capital Signs Letter of Intent With Bounthavyxup Group Co., Ltd.

Link Capital Pte Ltd has signed an Letter of Intent with Bounthavyxup Group Co., Ltd to establish a framework for cooperation between the Parties to explore and implement sustainable Agro-Forestry, Afforestation and Reforestation and Tech-Based Solution (Biochar) projects that will generate carbon removal credits through nature-based solutions in Lao People's Democratic Republic (Lao PDR), with the aim to mitigate climate change, promote biodiversity and enhance local livelihoods on potentially 1 million hectares of forestry in Lao People's Democratic Republic (Lao PDR).

We are privileged to have H.E. Sengkeo Pouangpadith, Ambassador of Lao PDR to Singapore to witness the signing of Letter of Intent.

Agarwood Plantation Drone Mapping
January 2024
Vientiane, Lao PDR

Oud Plantation Drone Mapping

Link Capital In Collaboration with Garuda Robotics who is the Developer of autonomous drone systems. With upgraded unmanned aircraft and artificial intelligence technologies enabling clients to increase the efficiency and productivity of their operations.

With the scope of Automated Tree Counting, Geospatial Analytics, and Mapping ops and asset validation which was carried out during the drone mapping, LCPL conducted an inspection of our plantations and was pleased to find that our advanced inoculation technique and scientific research have resulted in enhanced resin formation. We also seized the opportunity to meet with and brief His Excellency Sudesh Maniar, the Singapore Ambassador to Laos, about the progress of our Oud business and carbon credit projects.

Clean-Tech SG delegations to UAE
November 2023
Sharjah, Abu Dhabi, Dubai, UAE

Clean-Tech SG delegations to UAE

In conjunction with the UAE Presidency of COP28 Climate Summit, sustainability was a major theme. Clean-Tech, SG companies who provide effective solutions to achieve ESG through innovations head to the UAE in Nov'23. This was one of the first opportunities for Singapore companies to be exposed to COP28 plans and participation from

On this journey, we were introduced to the chambers of commerce in Abu Dhabi and Dubai, as well as prominent real estate developers such as Al Dar and Emaar. Additionally, we explored the Sharjah Research and Technology Innovation Park and engaged with Invest In Sharjah. Our itinerary also included visits to state-owned oil companies like ADNOC and ENOC, among others.

TP-ECOllab Symposium 2023 Partnership Signing Educational Workshop
November 2023
Temasek Polytechnic, Singapore

TP-ECOlab Symposium 2023

Link Capital forms alliance with prominent organizations & institutes of higher learning to drive green economic growth across the ASEAN region.

In a significant and forward-looking move, Temasek Polytechnic (TP), Institute of Technical Education (ITE), Link Capital Pte Ltd (Forestry Project Owner), REDEX Pte Ltd (Renewable Energy Certifier), Aeterni Pte Ltd (Carbon Credit and Sustainability Consulting Firm), and Bureau Veritas Singapore Pte Ltd (Validation and Verification Body for Carbon Credits) have officially inked a Memorandum of Understanding (MOU) to forge a greener future. The MOU was effective on 7 Nov 2023 at TP-ECOllab Symposium 2023 in Temasek Polytechnic. With a shared commitment to developing the green economy in ASEAN countries, the signing parties are poised to embark on a multifaceted journey, marked by innovation, collaboration, and sustainability.

The collaboration spans a multitude of sectors and will strengthen the consortium's collaboration in areas such as:

🌱 nature-based solutions,

🌱 carbon credit and renewable energy monitoring, reporting and verification (MRV),

🌱 training and workforce development for green economy,

🌱 sustainability research collaboration and

🌱 cross-cultural student/staff exchange for training, technical exchange and youth development.

UAESBC Gala Dinner Award Ceremony
November 2023
Parkroyal Hotel, Singapore

UAESBC 5th Anniversary Gala Dinner in aid of the Singapore National Paralympic Council

UAESBC 5th Anniversary Gala Dinner in aid of the Singapore National Paralympic Council! Event was graced by Guest of Honour, Mr Alvin Tan, Singapore Minister of State Trade & Industry and Culture, Community & Youth.

Event speakers:

Mr Mohamed Alzarooni, Head of Economic Affairs, Embassy of the United Arab Emirates in Singapore

Mr Alvin Tan, Singapore Minister of State Trade & Industry and Culture, Community & Youth

Dr Teo-Koh Sock Miang, Beneficiary Representative, President, Singapore National Paralympic Council (SNPC)

Dr Brian Shegar, President, UAE Singapore Business Council

Saudi-Singapore Business Forum
September 2023
Mandarin Oriental, Singapore

Saudi-Singapore Business Forum

Link Capital Pte Ltd is privileged to be selected to exhibit our products and services to a diverse audience. Visiting our booth were H.E. Eiman Al-Mutairi, Saudi Vice Minister of Commerce, Dr Tan See Leng, Minister of Manpower & Second Minister of Trade and Industry of Singapore, H.E. Majid Al Qasabi, Saudi Minister of Commerce.

ITE-BASE Seminar
September 2023
Institute of Technical Education HQ, Singapore

ITE-BASE (Business Alliance Sustainable Economy) Seminar on Sustainability @ITE HQ

From low carbon economies to green workforce development, renewable energy, and digital solutions, our speakers delve into key topics that can driving positive business transformation towards a more sustainable world.

Presentations included: Building A Low Carbon Economy: Challenges and Opportunities by Mr.Teng Theng Dar, our corporate adviser; Implementing Sustainability: Digital Solutions, Support, and Certification by Mr Wee Boon Siong CEO, RHT Green.

ITE Student Exchange Program
September 2023
ITE College East, Singapore & Vientiane, Lao PDR

Student Exchange Programme between Singapore & Laos Sponsored by Temasek Foundation

In September 2023, 20 students + 2 Teachers from MOES, technical and vocational education colleges Lao PDR participated in an overseas study trip to ITE Singapore to understudy on sustainability. In return, ITE will send 20 students + 2 Teachers to Laos in December.

This student immersion program encourages appreciation of diverse socio-political, cultural and technology issues via structured academic learning and develop leadership skills among students with the potential to be future leaders in Asia.

The program includes hands-on workshops, cultural exchange activities, and field visits to sustainable development projects, providing students with practical insights into environmental conservation and sustainable business practices in both countries.

CFO Vietnam Business Trip
September 2023
Singapore

CFO Vietnam - Business Trip to Singapore

This event is one of the key activities to celebrate the 15th year Anniversary of the Vietnam CFO Association (2008 - 2023) and serve as a platform for knowledge sharing and exchange of experiences with Singapore partners and friends.

Founder, CEO of Link Capital Pte Ltd presenting company's Sustainability Business Model to the Vietnam CFO delegates and Business Executives from Singapore; Moderator Mr.Teng Theng Dar, Corporate Advisor to Link Capital Pte Ltd facilitating Q&A sessions.

Factory Opening Processing Equipment Quality Control Lab
October 2017
Vientiane, Lao PDR

Link Capital Laos Pre-Processing Factory Grand Opening

Oud is the most valuable natural organic commodity in the world, found mostly in China and South East Asia, including Laos, Cambodia, Malaysia, Indonesia and Vietnam.

It also announced that work has begun with one of the largest Agarwood plantations in South East Asia in Lao PDR. A pre-processing plant in Lao PDR has been set up with full 20-year concession, operating and export licenses from the Ministry of Agriculture and Forestry, Lao PDR. Singapore’s Ambassador to Lao PDR, Mr Dominic Goh presided over the opening of the pre-processing plant together with Dr Lien Tikeo, Minister of Agriculture and Forestry, Lao PDR.

The company has received significant support from the Singapore Foreign Affairs Department to liaise with their foreign counterparts to secure local government support in concession negotiations, favorable logistics and tax treatments. Link Capital Group have been working closely with the Singapore government and the Association of South East Asian Nations (ASEAN) to build and develop processing and production facilities for oud tree stocks in the region for the global market.

Mr Denny Chong, CEO of Link Capital said, “In terms of Trade and Industry, we have received good engagement and interest with potential off-takers from Middle East, North Asia and Europe”.

The company has also said that The Singapore Government is very supportive of its venture to make Singapore the leading R&D, processing and product development center for oud. The government authorities will help to validate and certify final products manufactured in the Singapore factory. The final products will be branded as Singapore produce with stringent quality control procedures and it will be marketed globally.

Press Releases

Latest Release
Press Release September 9, 2022

Liquid Gold Agarwood Found To Have Significantly Higher Agarotetrol

In a recent agarwood analysis by the School of Applied Science, Temasek Polytechnic, Singapore, was found to have as much as 0.64% of Agarotetrol concentration (mg/L), which are 6.4 times higher than 0.1% (the minimum content) based on Chinese Pharmacopoeia 2015 in its samples from Lao, PDR. Agarotetrol is a source compound for low molecular weight aromatic compounds from agarwood heating. [1. Journal of Natural Medicines, 72(2), 537–541]

The analytical test was undertaken to study the high-performance liquid chromatography (HPLC) chemical profiles (fingerprinting) and the quantitative levels of the active ingredient agarotetrol in August 2022. This is done in collaboration with Link Capital for the further development of the centre of innovation (COI) capability in complimentary health products (CHP) research. It identified agarotetrol as the major quantitative marker (Chinese Pharmacopoeia 2015, Takamatsu & Ito, 2018).

“We are very pleased with the results and it reaffirms our position on producing quality agarwood oil for different industries”, said Denny Chong, CEO and founder of Link Capital. Agarwood and its oud oil are widely used for incense, perfume, traditional medicine, and other products in the world market. In traditional Chinese medicine, agarwood is used as a Qi-regulating drug and carminative medicine.

Link Capital, is leading the region to establish standards for agarwood quality and ensure the production of the highest standard of agarwood oils. Through its collaboration with Temasek Polytechnic’s Centre of Innovation - Complimentary Health Products. Link Capital is also working with agarwood producers in the region to adopt sustainable practices and ESG (environment, social governance) principles.

With a ready harvest of agarwood chips and Oud oil from Lao PDR, we invite potential expressions of interest to acquire current and future harvests.

Press Release August 13, 2021

Link Capital Pte Ltd And Temasek Polytechnic Signed A Memorandum Of Understanding For Research & Development In Agarwood And Product Innovation In Singapore

Link Capital Pte Ltd (LCPL) today announced its collaboration with Temasek Polytechnic (TP) School of Applied Science to establish a working relationship on research, education and training in the area of Agarwood cum product innovation.

Agarwood is the most valuable natural organic commodity in the world, found mostly in China and South East Asia, including Laos, Cambodia, Thailand, Malaysia, Indonesia, Myanmar and Vietnam. It is largely used as a base note for fragrances, religious and medicinal purposes. This collaboration will be a first of its kind with an Institute of Higher Learning (IHL) in Singapore.

The initial tenure of the MOU is for three years and it signifies both parties’ commitment to collaborate in the following areas of research and development of new scientific guidelines on product specifications for Agarwood and Agarwood oil, Development of novel complementary health products containing Agarwood or Agarwood oil, Agarwood product validation, certification and standardisation, Product innovation relating to agarwood by-products or waste, Education and training activities on Agarwood innovation.

TP School of Applied Science has the expertise, knowledge and experience in innovation and developing standards with sustainability in mind.

The School’s director, Dr Goh Lay Beng, commented, “We are delighted to be a part of Link Capital’s efforts in bringing the benefits of agarwood to people all over the world, in more ways than one, through innovative formulations. Our National Centre of Innovation for Complementary Health Products (COI-CHP) hosted at TP is excited to be establishing quality standards for this very precious resource of nature.”

LCPL has secured from the Lao PDR government a 20-year concession to work on the Agarwood project and is in discussion with plantations in other ASEAN countries to participate in our sustainable goals. The partnership will tap on LCPL’s extensive network of Agarwood plantations in ASEAN and to establish Singapore as a Centre of Excellence for this ancient and valuable resource. This will shape the industry by setting acceptable standards of quality certification and ensuring that agarwood is cultivated, harvested and processed sustainably for global consumers.

Mr Denny Chong, Founder and CEO of Link Capital Pte Ltd, said, “As a company, we feel privileged to partner with Temasek Polytechnic in our journey of development and growth. The research and development cum innovation support from COI-CHP, will enable our Centre of Excellence in Singapore to work towards achieving the United Nation Sustainable Goals and to fulfil the huge global demand in a responsible manner.”

Press Release June 3, 2021

Centre of Excellence For Agarwood Processing in Singapore

Link Capital Pte Ltd, announced today that it will be setting up a Centre of Excellence in Singapore to process agarwood from the region into oud oil and other raw materials.

Oud is the most valuable natural organic commodity in the world, found mostly in China and South East Asia, including Laos, Cambodia, Malaysia, Indonesia and Vietnam.

It also announced that work has begun with one of the largest Agarwood plantations in South East Asia in Lao PDR. A pre-processing plant in Lao PDR has been set up with full 20-year concession, operating and export licenses from the Ministry of Agriculture and Forestry, Lao PDR. Singapore’s Ambassador to Lao PDR, Mr Dominic Goh presided over the opening of the pre-processing plant together with Dr Lien Tikeo, Minister of Agriculture and Forestry, Lao PDR.

The company has received significant support from the Singapore Foreign Affairs Department to liaise with their foreign counterparts to secure local government support in concession negotiations, favorable logistics and tax treatments. Link Capital Group have been working closely with the Singapore government and the Association of South East Asian Nations (ASEAN) to build and develop processing and production facilities for oud tree stocks in the region for the global market.

Mr Denny Chong, CEO of Link Capital said, “In terms of Trade and Industry, we have received good engagement and interest with potential off-takers from Middle East, North Asia and Europe”.

The company has also said that The Singapore Government is very supportive of its venture to make Singapore the leading R&D, processing and product development center for oud. The government authorities will help to validate and certify final products manufactured in the Singapore factory. The final products will be branded as Singapore produce with stringent quality control procedures and it will be marketed globally.

In the news

Latest News
News June 2, 2025 By Ayman Falak Medina

Leveraging the Laos-China Railway for Trade

Beyond freight, the railway has supported broader economic gains. In 2024, Laos' exports to China reached US$4.56 billion, a 21.4 percent increase over the prior year, with agricultural exports alone rising 20 percent year-on-year in 2023.

News October 2022 By Ian D. Thompson, Teckwyn Lim and Maman Turjaman

Expensive, exploited, and endangered - A review of the agarwood-producing genera Aquilaria and Gyrinops

A review by CITES & ITTO of the agarwood-producing genera Aquilaria and Gyrinops.

News March 10, 2021 By Lindsay Judge

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News November 20, 2020 By Liz Flora

'Liquid gold' oud is making its way into skin and hair products

One of the most expensive fragrance ingredients in the world, oud, is being expanded beyond perfumes into a wider range of beauty products.

News March 23, 2020 By Inspire

The Smell of Success - The Billion Dollar Agarwood and Oud Oil Markets of the Middle East!

In the Middle East, Agarwood and Oud Oil is big Multi-Billion dollar business, Euronews takes us on a behind the scenes walk through of the various aspects of the amazing middle eastern Oud Oil fragrance industry.

News December 27, 2018 By Marc Seward

Benefits of Agarwood Tea

You may have heard of or even used agarwood essential oil or incense. The essential oil which is known as Oud oil is among the most expensive essential oils in the world. Like the essential oil, agarwood tea comes from the Aquilaria species of tree native to South East Asia.

News February 25, 2016 By Al Jazeera

Scent From Heaven

Oud, also known as Agarwood, is the basis of some of the world's exclusive perfumes. Derived from the resinous bark of a tree that only grows in parts of South East Asia, it is also one of the world's rarest and most expensive commodities – kilo for kilo more costly than gold.

Nature-Based Sustainable Fund (NBSF): Investing in the Transition to a NET-ZERO Carbon Emission Future

Nature-Based Sustainable Fund Launch

Link Capital Pte Ltd (LCPL) & Asia Sustainability Fund VCC (ASF Variable Capital Company) held the inaugural launch of Nature Based Sustainable Fund (NBSF) in Singapore today at the Singapore Flyer - overlooking the beautiful Singapore skyline.

The private event was graced by guest of honours, H.E. Sengkeo Pouangpadith,
 Ambassador Of Lao PDR to Singapore, represented in his absence by Mr. Soukhasavanh Sanaphay, Deputy Chief of Mission of the Lao PDR to the Republic of Singapore; and VIP guest H.E. Mr Jamal Abdulla Al Suwaidi, Ambassador Of United Arab Emirates to Singapore. Our strategic partners from Institute of Technical Education (ITE) and AsiaNext were present to share their insights and opportunities in sustainable businesses in the region including the attendance of representatives from ST Engineering and Temasek Polytechnic.

Nature Based Sustainable Fund (NBSF) is a Monetary Authority of Singapore (MAS) approved sub-fund established with a vision to support nature-based projects and promote sustainable practices. Our focus lies in investing in forestry projects, carbon credits, and driving digitalization initiatives within the sector. With a strong commitment to environmental stewardship and long-term sustainability, we are excited to introduce our inaugural project collaboration with Asia Sustainability Fund VCC centered around Agarwood forestry and carbon credits.

At the Nature-Based Sustainable Fund, we recognize the critical role that nature-based solutions play in addressing climate change and preserving our planet's biodiversity and we are very specific focus on South East Asia and the other parts of Asia. We support the transitions for the net zero carbon emission future and would like to place our contributions by supporting green projects.

The company has also said that The Singapore Government is very supportive of its venture to make Singapore the leading R&D, processing and product development center for Agarwood. The government authorities will help to validate and certify final products manufactured in the Singapore factory. The final products will be branded as Singapore produce with stringent quality control procedures and it will be marketed globally.

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Photo Gallery

Forestry Project

H.E. Jamal Abdulla Al Suwaidi, Ambassador Of UAE to Singapore.

Carbon Credits

Mr. Soukhasavanh Sanaphay, Deputy Chief of Mission of the Lao PDR to the Republic of Singapore.

Community Impact

Mr. Soukhasavanh Sanaphay, Deputy Chief of Mission of the Lao PDR to the Republic of Singapore delivering speech on behalf of H.E. Sengkeo Pouangpadith, Ambassador Of Lao PDR to Singapore.

Digital Solutions

Networking exchange between Link Capital CEO Denny Chong, Mr. Soukhasavanh Sanaphay, Deputy Chief of Mission of the Lao PDR to the Republic of Singapore, and H.E. Jamal Abdulla Al Suwaidi, Ambassador Of UAE to Singapore.

Investment Meeting

Speech by Link Capital Director Jimmy Lee

Carbon Trading Platform

Oud Tea Tasting

Field Operations

Speech by Link Capital CEO Denny Chong

Research Lab

Speech by AsiaNext CEO Chong Kok Kee

Community Engagement

Sharing session between Link Capital CEO Denny Chong, Mr. Soukhasavanh Sanaphay, Deputy Chief of Mission of the Lao PDR to the Republic of Singapore, and H.E. Mr Jamal Abdulla Al Suwaidi, Ambassador Of UAE to Singapore.

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Vientiane, Laos

Link Capital Laos Sole Co., Ltd

E Lai Tay Village Naxaythong District
Vientiane, Laos PDR

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Mobile: +65 9753 3410

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enquiry@linkcapitalsg.com

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