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BANK BORROWINGS (Tables) | 12 Months Ended
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Dec. 31, 2022
Broker-Dealer [Abstract] |
SCHEDULE OF BANK BORROWINGS | Bank borrowings consisted of the following: SCHEDULE OF BANK BORROWINGS
|  | Terms of |  | Annual |  |  | As of December 31, |
|  | repayments |  | interest rate |  |  | 2022 |  |  | 2021 |
|  |  |  |  |  |  | $’000 |  |  | $’000 |
Term loans |  | 2 to 5 years |  |  | 2.7% - 3.5 | % |  |  | 2,502 |  |  |  | 3,844 |
Trust receipts |  | Within 12 months |  |  | 2.85 | % |  |  | 6,826 |  |  |  | 5,278 |
Bank overdraft |  | Within 12 months |  |  | 5.25 | % |  |  | 281 |  |  |  | - |
Mortgage loan |  | 10 years |  |  | 2.77 | % |  |  | 2,428 |  |  |  | 3,204 |
Total |  |  |  |  |  |  |  |  | 12,037 |  |  |  | 12,326 |
Representing |  |  |  |  |  |  |  |  |  |  |  |  |  |
Within 12 months |  |  |  |  |  |  |  |  | 8,862 |  |  |  | 7,412 |
Over 1 year |  |  |  |  |  |  |  |  | 3,175 |  |  |  | 4,914 |
Total |  |  |  |  |  |  |  |  | 12,037 |  |  |  | 12,326 |

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- Definition Tabular disclosure of the nature and risks of short-term collateralized financing obtained through repurchase agreements, securities lending transactions and repurchase-to-maturity transactions, accounted for as secured borrowings. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 30 -Section 50 -Paragraph 7 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=109249958&loc=SL34722452-111729 + Details
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