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OTHER INVESTMENTS
12 Months Ended
Dec. 31, 2023
OTHER INVESTMENTS  
OTHER INVESTMENTS

NOTE 7 – OTHER INVESTMENTS             

 

 

As of

 

 

As of

 

 

 

December 31,

 

 

December 31,

 

 

 

2023

 

 

2022

 

As of beginning of the year

 

$1,150,898

 

 

$749,027

 

Addition during the year

 

 

320,733

 

 

 

511,706

 

Disposal during the year

 

 

(26,146)

 

 

-

 

Written off during the year

 

 

-

 

 

 

(1,776)

Fair value gain

 

 

313,859

 

 

 

(70,628)

Impairment on other investment  

 

 

(6,194)

 

 

-

 

Foreign exchange translation

 

 

(53,319)

 

 

(37,431)

As of end of the year

 

$1,699,831

 

 

$1,150,898

 

 

 

 

 

 

 

 

 

 

The other investments consist of the following shares:

 

 

 

 

 

 

 

 

 

 

As of

 

 

 

December 31,

 

 

December 31,

 

Investment in quoted shares:

 

2023

 

 

2022

 

 

 

 

 

 

 

 

 

 

Malaysia

 

 

1,138,863

 

 

 

659,970

 

Singapore

 

 

79,577

 

 

 

101,426

 

Hong Kong

 

 

481,391

 

 

 

389,502

 

 

 

$1,699,831

 

 

$1,150,898