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EMPLOYEE BENEFIT LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2024
Disclosure of net defined benefit liability (asset) [abstract]  
Summary of Employee Benefits Liabilities
As of December 31,
20242023
CurrentNon-currentTotalCurrentNon-currentTotal
US$’000US$’000US$’000US$’000US$’000US$’000
Employee benefit liabilities
Pension-Defined benefit plans1,514 5,784 7,298 1,120 5,891 7,011 
Long service leave664 124 788 719 106 825 
Total2,178 5,908 8,086 1,839 5,997 7,836 
Summary of Components of Net Benefit Expense Recognized in Income Statement and Funded Status and Amounts Recognized in Consolidated Balance Sheets
The following tables summaries the components of net benefit expense recognized in the income statement and the funded status and amounts recognized in the consolidated balance sheet for the plan:
For the year ended December 31,
Net benefit cost202420232022
US$’000US$’000US$’000
Current service cost438 442 447 
Past service cost— — 48 
Interest cost on benefit obligation178 191 154 
Net benefit cost616 633 649 
For the year ended December 31,
Other comprehensive income202420232022
US$’000 US$’000 US$’000
Actuarial loss / (gain) – experience79 (195)(263)
Actuarial (gain) / loss – demographic assumption— (89)74 
Actuarial loss / (gain) – financial assumption311 (1,601)(543)
Actuarial loss / (gain)390 (1,885)(732)
For the year ended December 31,
Change in the defined obligation202420232022
US$’000 US$’000 US$’000
Defined benefit obligation at January 17,011 8,896 9,854 
Current service cost438 442 447 
Past service cost— — 48 
Interest cost on benefit obligation178 191 154 
Benefits paid directly by our Company(733)(701)(653)
Actuarial gain in other comprehensive income390 (1,885)(732)
Exchange differences14 68 (222)
Defined benefit obligation at December 317,298 7,011 8,896 
Disclosure Of Actuarial Assumptions For Defined Benefit Obligations Explanatory
The significant assumptions used in determining the actuarial present value of the defined benefit obligations for the years ended December 31, 2024 and 2023 are as follows:
20242023
%%
Discount rate
2.0-4.0
2.4-4.7
Rate of salary increase
3.0~6.5
3.0~6.0
Pre-retirement mortality
 * Thailand TMO17 Tables, improving with the rate of 3.0% p.a.
* Thailand TMO17 Tables, improving with the rate of 3.0% p.a.
*TMO represented as Thailand Mortality Ordinary Tables
Maturity Profile of Defined Benefit Obligation
The following pension benefit payments are expected payments to be made in the future years out of the defined benefit plan obligation:
As of December 31,
20242023
US$’000US$’000
Within the next 12 months (next annual reporting period)1,475 1,120 
Between 2 and 5 years2,711 2,856 
Between 6 and 10 years2,867 3,037 
Total expected payments7,053 7,013 
Weighted average duration of defined benefit obligation
10 ~ 14 years
9 ~ 14 years
Sensitivity Analysis of One-percentage Point Change in Assumed Rates
A one-percentage point change in the assumed rates would have yielded the following effects:
20242023
US$’000 US$’000
Discount rate – 1% increase
(544)(552)
Discount rate – 1% decrease
474 482 
Rate of salary increase – 1% increase
521 483 
Rate of salary increase – 1% decrease
(588)(543)