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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Tuesday 12 November 2013

DBS sells remaining stake in The Bank of the Philippine Islands for S$850m


DBS GROUP Holdings is selling its remaining 9.9 per cent stake in The Bank of the Philippine Islands (BPI) to GIC and Ayala Corporation for S$850 million.

The sale will realise a net gain of about S$447 million over the carrying value of the investment.

This follows the partial divestment undertaken by subsidiary DBS Bank in October 2012. It is in line with DBS Group Holdings' focus on its core markets of Singapore, Hong Kong, China, Taiwan, India and Indonesia.

DBS holds its 9.9 per cent stake in BPI through a private joint venture company with Ayala, and the divestment takes the form of a sale of DBS' shares in that company, as opposed to a sale of BPI shares.



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