Ben Paul

Ben Paul

SENIOR CORRESPONDENT

Ben Paul joined The Business Times in 2020, after nearly three decades of covering financial markets as an analyst and journalist. He writes and produces the BT’s Mark To Market column and podcast.

Singapore’s banks were among the STI’s worst performers last week, but remain its best performers on a year-to-date basis.
MARK TO MARKET

DBS, OCBC, UOB’s big sell-off: Was it their Q3 numbers or a broader market de-rating?

2026-11-08T10:52:21.000Z
Amid growing competition, UltraGreen.ai has relaunched its own generic indocyanine green product to preserve its market share.
HOCK LOCK SIEW

UltraGreen.ai shares look very depressed, but it’s hard to know whether they’ve hit rock bottom

2026-11-03T12:33:28.000Z
Some of the CGAC and SGX RegCo’s objectives cannot be achieved through mandatory requirements on companies.
MARK TO MARKET

Stronger governance code, listing rules need backing of a robust culture of stewardship

2026-11-01T12:44:18.000Z
One gripe is that some issuers are just not ready for a public listing in the Singapore market, as they lack a credible narrative about how they will deliver value.
MARK TO MARKET

Time for MAS, SGX to scrutinise issue managers

2026-10-25T08:19:33.000Z
Some market watchers say SGX should focus on drawing listing aspirants in fields already anchored by homegrown champions.
MARK TO MARKET

MAS, SGX must address our IPO problem

2026-10-18T12:05:55.000Z
OCBC is still the best performing constituent of the STI this year; DBS and UOB are in third and eighth place respectively.
MARK TO MARKET

DBS, OCBC, UOB face rate hike reality check

2026-10-11T14:00:00.000Z
Sert’s manager-internalisation exercise will probably not completely halt the flow of fees to its sponsor.
MARK TO MARKET

Is Stoneweg Europe Stapled Trust’s manager-internalisation deal the key to reviving S-Reits?

2026-10-04T13:54:13.000Z
The STI has delivered a total return of 26% in 2026 versus 28.8% in 2025, but the gains have narrowed.
MARK TO MARKET

Tightening monetary policy by Fed a test for Singapore’s Reits, market revitalisation project

2026-09-20T10:20:21.000Z
High gold prices have elevated CNMC Goldmine, Aspial Lifestyle and MoneyMax from Catalist to the mainboard this year.
MARK TO MARKET

Gold, RTOs, wind energy: While new listings are floundering, other issuers are finding their way

2026-09-13T13:25:52.000Z
In August alone, UltraGreen.ai scooped up nearly 2.2 million shares from the market for US$1.6 million, or US$0.748 apiece.
HOCK LOCK SIEW

‘Show me’ market: UltraGreen.ai should ditch its share buybacks for proactive engagement

2026-09-09T00:12:28.000Z