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OTHER INVESTMENTS
6 Months Ended
Jun. 30, 2021
OTHER INVESTMENTS  
NOTE 8 - OTHER INVESTMENTS

NOTE 8 - OTHER INVESTMENTS

 

 

 

As of

 

 

 

June 30,

 

 

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

 

 

371,759

 

 

 

108,631

 

Disposal during the year

 

 

(6,466)

 

 

(34,923)

Fair value (loss)/gain

 

 

(18,581)

 

 

38,742

 

Foreign exchange translation

 

 

(13,658)

 

 

9,121

 

As of end of the year

 

$614,722

 

 

$281,668

 

 

The other investments consist of investment in quoted and unquoted shares in Malaysia of $612,840 and $1,882 as at June 30, 2021 and December 31, 2020 were $279,724 and $1,944 respectively.