Singapore court orders Bloomberg to pay ministers $356,000 in defamation case
Singapore's high court has ordered Bloomberg News and reporter Low De Wei to pay S$460,000 (US$355,734) in damages to two government ministers for defamation. The ruling stems from a December 2024 article concerning expensive property transactions involving "good class bungalows" that mentioned the ministers. The court found the article's dominant purpose was to publish a story about the ministers' transactions, not just general trends. Bloomberg's editor-in-chief stated the company stands by its reporting, believing the ministers imposed a strained meaning on the story. The judge found the reporter was reckless and false in describing government records and that Bloomberg's actions in removing the paywall demonstrated malice.