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OTHER INVESTMENTS (Tables)
12 Months Ended
Dec. 31, 2023
OTHER INVESTMENTS  
Schedule of 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