v3.26.3
Cash and Cash Equivalents and Pledged Bank Deposits
12 Months Ended
Dec. 31, 2025
Cash and Cash Equivalents and Pledged Bank Deposits [Abstract]  
CASH AND CASH EQUIVALENTS AND PLEDGED BANK DEPOSITS
17. CASH AND CASH EQUIVALENTS AND PLEDGED BANK DEPOSITS

 

    2025     2024  
    US$     US$  
Cash and bank balances     19,158,652       23,005,589  
Time deposits     12,211,790       19,701,267  
      31,370,442       42,706,856  
Less: Pledged bank deposits     (185,146 )     (185,336 )
Cash and cash equivalents     31,185,296       42,521,520  

 

Certain cash at banks earn interest at floating rates based on the respective short-term deposit rates. The bank balances and pledged deposits are deposited with creditworthy banks with no recent history of default.

 

The Group has pledged bank deposits mainly for corporate credit card and trading facilities.

 

At December 31, 2025, cash and cash equivalents included bank deposits of US$38,889 (2024: US$35,260) which are contractually restricted on use in order to meet the capital requirements in accordance with the rules and conditions for the issue and renewal of a license to operate as a non-life insurance broker in Thailand.