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.

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
While Ley Choon has charted a comeback to the SGX mainboard this year, other companies that moved to Catalist such as FJ Benjamin and Digilife have shrivelled
MARK TO MARKET

Strategic springboard or slippery slope: Struggling mainboard-listed Fu Yu wants to move to Catalist

2026-09-06T11:19:59.000Z
Fed chair Kevin Warsh says that the US central bank’s predominant focus “should be on prices”.
MARK TO MARKET

Fed chair Warsh’s hawkish Jackson Hole turn favours soaring banks over struggling S-Reits

2026-08-30T12:19:19.000Z
Listed last December, UltraGreen.ai is exactly the kind of growth-oriented company MAS and SGX have been trying to attract to revitalise the local market.
MARK TO MARKET

UltraGreen.ai’s big slump: Was it the Singapore market that failed the company, or vice versa?

2026-08-23T08:25:21.000Z
The main sticking point in any manager-internalisation proposal at Sert is likely to be the valuation of its manager entities.
MARK TO MARKET

Manager internalisation isn’t the solution to Stoneweg Europe Stapled Trust’s problem

2026-08-16T13:57:31.000Z
While UOB is still buying back its shares, DBS and OCBC last conducted buybacks when their stocks were respectively 40% and 25% lower.
MARK TO MARKET

DBS, OCBC surge on strong H1 results but don’t overlook the potential of underdog UOB

2026-08-09T11:41:49.000Z
Keppel Reit units bounced 4.5% last week, versus a 1.1% rise in the iEdge S-Reit Index.
HOCK LOCK SIEW

Keppel Reit’s road to redemption

2026-08-05T03:30:00.000Z
Great Eastern’s shares have delivered a total return of 150.5% since OCBC’s offer in May 2024. OCBC’s own shares have returned 135.4% during the same period, while the STI has returned 90.7%.
MARK TO MARKET

Great Eastern’s big rally – activist investors can be crucial part of market ecosystem

2026-08-02T13:21:12.000Z