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OTHER INVESTMENTS (Tables)
12 Months Ended
Dec. 31, 2022
OTHER INVESTMENTS  
Schedule of Other Investments

 

 

As of

 

 

As of

 

 

 

December 31,

2022

 

 

December 31,

2021

 

As of beginning of the year

 

$749,027

 

 

$281,668

 

Acquisition of business under common control

 

 

-

 

 

 

-

 

Addition during the year

 

 

511,706

 

 

 

515,840

 

Disposal during the year

 

 

-

 

 

 

(6,392 )

Written off during the year

 

 

(1,776)

 

 

-

 

Fair value gain

 

 

(70,628 )

 

 

(29,850 )

Foreign exchange translation

 

 

(37,431 )

 

 

(12,239 )

As of end of the year

 

$1,150,898

 

 

$749,027

 

 

 

As of

 

 

 

December 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Investment in quoted shares:

 

 

 

 

 

 

Malaysia

 

 

659,970

 

 

 

590,788

 

Singapore

 

 

101,426

 

 

 

97,780

 

Hong Kong

 

 

389,502

 

 

 

58,584

 

 

 

$1,150,898

 

 

$747,152

 

Investment in unquoted shares:

 

 

 

 

 

 

 

 

Malaysia

 

 

-

 

 

 

1,875

 

 

 

$1,150,898

 

 

$749,027