I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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Friday, 7 June 2013

SEMBCORP’S SOLID WASTE MANAGEMENT SUBSIDIARY AWARDED S$299 MILLION REFUSE COLLECTION AND RECYCLING CONTRACT IN SINGAPORE

Singapore, June 7, 2013 - Sembcorp Industries announces that its solid waste management subsidiary, SembWaste, has been awarded a contract worth a total of S$299 million by the National Environment Agency (NEA) to provide refuse collection and recycling services to the City-Punggol sector of Singapore.

Sembcorp is currently the largest solid waste management provider in Singapore serving five out of nine geographical sectors in the country. The City-Punggol sector will be formed by the merging of two current sectors served by SembWaste since 2006 under existing contracts: namely the City and the Hougang-Punggol sectors. Sembcorp’s contract for the newly-merged sector will take effect upon the expiry of its existing contracts for City and Hougang-Punggol on October 1, 2013, and March 1, 2014, respectively. The new contract will last until June 30, 2021.

This transaction is not expected to have a material impact on the earnings per share and net asset value per share of Sembcorp Industries for the current financial year.

Posted by Createwealth8888 at 18:41
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