Singapore Wrap Tuesday

PUB to study underground drainage and reservoir system in Singapore

National water agency PUB will be studying the technical and economic feasibility of developing an integrated underground drainage and storage system to boost its water and energy sustainability.

Tembusu Partners invests US$10m in cricket digital platform CricHQ

Singapore private equity firm Tembusu Partners has invested some US$10 million in Wellington-based CricHQ, a digital platform that facilitates cricket management from administration and live scoring to coaching and news.

Singapore funds score an overall C in best practices: Morningstar report

Funds sold in Singapore got an overall C grade from Morningstar Asia in a report on global best practices for mutual funds, the research house said on Tuesday.

GIC, Temasek among investors for Citic Securities' S$4.7b Hong Kong share sale

Citic Securities Co, China's biggest brokerage by market value, will raise as much as HK$27.1 billion (S$4.7 billion) selling stock to 10 investors, including sovereign wealth funds in Kuwait, Singapore and Malaysia.

Noble buys back 13m shares in third such move this year

Continuing its efforts to instill confidence among investors, Noble Group has bought back 12.98 million of its own shares - its third buyback since founder and chairman Richard Elman pledged on June 11 to "right the damage" to its share price.

The STI Today

Singapore: STI extends decline with 0.8% retreat ahead of Fed meeting

Singapore shares closed 0.8 per cent lower as at 5:10 pm on Tuesday for another down session, with the Straits Times Index down 25.04 points to 3,298.09 as anticipation of this week's Federal Reserve meeting kept investors on the sidelines.