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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Monday 11 July 2011

DBS SUCCESSFULLY TAPS MAS-PBOC LINE

Continues to be at the forefront of the RMB market in Singapore

SINGAPORE, 11 July 2011 - On 29 June 2011, DBS Bank announced that it had
applied to the Monetary Authority of Singapore (MAS) to tap the bilateral currency swap
agreement established between the central banks of Singapore and China, to provide
financing to a Singapore-based commodities company exporting to China.

DBS is pleased to announce that on 7 July 2011, it had successfully entered into
an agreement with the MAS to tap the facility. The bank will complete drawdown of the
facility today, upon which it will provide RMB financing to the customer.

Said DBS Group Head of Treasury & Markets Andrew Ng, "As a leading Asian
bank, DBS is happy to be an early mover in Singapore to tap the MAS-PBOC bilateral
swap facility to meet client needs.

We are pleased to have been able to execute the
transaction as planned. Over the past week, we have also received many enquiries from
Singapore clients interested to borrow RMB for trade settlement purposes, and we are
confident that this successful transaction will be the first of many more to come."

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