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OTHER INVESTMENTS
9 Months Ended
Sep. 30, 2023
OTHER INVESTMENTS  
OTHER INVESTMENTS

NOTE 7 - OTHER INVESTMENTS

 

 

 

As of

 

 

 

September 30,

 

 

December 31,

 

 

 

2023

 

 

2022

 

As of beginning of the period/year

 

$1,150,898

 

 

$749,027

 

Addition during the period/year

 

 

296,109

 

 

 

511,706

 

Disposal during the period/year

 

 

(26,854)

 

 

-

 

Written off during the period/year

 

 

-

 

 

 

(1,776)

Fair value gain/(loss)

 

 

223,284

 

 

 

(70,628 )

Foreign exchange translation

 

 

(92,220)

 

 

(37,431 )

As of end of the period/year

 

$1,551,217

 

 

$1,150,898

 

 

The other investments consist of the following shares: 

 

 

As of

 

 

 

September 30,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Investment in quoted shares:

 

 

 

 

 

 

Malaysia

 

 

982,257

 

 

 

659,970

 

Singapore

 

 

84,407

 

 

 

101,426

 

Hong Kong

 

 

484,553

 

 

 

389,502

 

 

 

$1,551,217

 

 

$1,150,898