Singapore’s High Court orders Bloomberg and one of its reporters to pay defamation damages to two ministers after a trial tied to reporting about their property transactions. Home Affairs Minister K. Shanmugam and Manpower Minister Tan See Leng each receive S$230,000 (about US$177,860), according to multiple outlets. The suits stem from a Bloomberg article that discussed alleged luxury bungalow (“Good Class Bungalow”) deals and described the transactions as increasingly opaque or shrouded in secrecy. The ministers sued Bloomberg and reporter Low De Wei over claims they said damaged their reputations. The court’s decision is widely described as a significant test of Singapore’s libel laws. Coverage notes that the ministers portray the action as aimed at protecting their integrity and the standing of their offices. Bloomberg’s editor-in-chief John Micklethwait says the company is disappointed with the ruling but will respect it. After the judgment, Shanmugam and Tan say they plan to donate the damages to charity.