INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

SCHEDULE OF PROVISION FOR INCOME TAXES

The provision for income taxes consisted of the following:

	Financial Years ended December 31,
	2024		2023		2022
		$’000		$’000		$’000
Income tax current year		109		275		325
Income tax expense		109		275		325

SCHEDULE OF EFFECTIVE INCOME TAX RATE

	Financial Years ended December 31,
	2024			2023			2022
		$’000			$’000			$’000
Income before income taxes		117			1,904			1,852
Statutory income tax rate		17	%		17	%		17	%
Income tax expense at statutory rate		20			324			315
Different tax rates in other countries		(80	)		(5	)		3
Tax effect of non-taxable income		(58	)		(5	)		-
Tax holiday		227			11			14
Other		-			(50	)		(7	)
Income tax expense		109			275			325

SCHEDULE OF DEFERRED INCOME TAX LIABILITY

The following table sets forth the significant components of the deferred tax assets and liabilities of the Company as of December 31, 2024 and 2023:

	As of December 31,
	2024		2023
		$’000		$’000
Deferred tax liabilities:
Accelerated tax depreciation		38		39