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OTHER INVESTMENTS
3 Months Ended
Mar. 31, 2021
OTHER INVESTMENTS  
NOTE 8 - OTHER INVESTMENTS

 

 

 

As of

 

 

 

 

March 31,

 

 

December 31,

 

 

 

 

2021

 

 

2020

 

As of beginning of the year

 

 

$ 281,668

 

 

$ 12,215

 

Acquisition of business under common control

 

 

 

-

 

 

 

147,882

 

Addition during the year

 

 

 

296,025

 

 

 

108,631

 

Disposal during the year

 

 

 

-

 

 

 

(34,923 )

Fair value gain

 

 

 

8,264

 

 

 

38,742

 

Foreign exchange translation

 

 

 

(14,348 )

 

 

9,121

 

As of end of the year

 

 

$ 571,609

 

 

$ 281,668

 

 

The other investments consist of investment in quoted and unquoted shares in Malaysia of $569,725 and $1,884 as at March 31, 2021 and December 31, 2020 were $279,724 and $1,944, respectively.