The Business Times
business-time-50
A SMART LOOK AT INVESTING

Code is cheap. Trust is not

The durable edge in investing has always been in what is hard to see: trust, relationships, switching costs and institutional knowledge

Summarise
google-preferred-sourceAdd BT as a preferred source
阅读简体中文版 (beta)
    • Sales of software-as-a-service companies such as Salesforce have pulled back sharply, as a new breed of agentic AI is seen to encroach upon the territory of established platforms.
    • Sales of software-as-a-service companies such as Salesforce have pulled back sharply, as a new breed of agentic AI is seen to encroach upon the territory of established platforms. PHOTO: REUTERS

    Chin Hui Leong

    Published Tue, Feb 24, 2026 · 06:21 PM

    OPENAI chief executive Sam Altman says software-as-a-service (SaaS) is entering its “fast-fashion” phase – cheap, disposable and quickly assembled. The stock market seems to agree.

    Since the start of the year, investors have sold off SaaS companies en masse.

    Shares of ServiceNow and Salesforce, two of the most prominent companies in the sector, have pulled back sharply, and the price of Atlassian shares have halved since the start of the year.

    A smart look at investing

    TRENDING NOW

    Tribunal Magistrate Jared Kang described dismissal law as “a little more layered, difficult and unclear than it perhaps needed to be”.

    Firm loses wrongful dismissal case despite following termination clause

    The Vietnamese economy has long relied heavily on bank lending, straining commercial banks as they shoulder the bulk of the financing needed by companies and large infrastructure projects.

    Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks

    Soilbuild and its executive chairman Lim Chap Huat are reportedly seeking unspecified damages over Brookfield’s alleged breach of their agreement.

    Soilbuild’s Lim Chap Huat sues Brookfield, claims it reneged on joint venture: WSJ

    UOB’s asset quality was a recurring theme across all broker notes.

    Citi, OCBC downgrade UOB post-Q2 results; RHB upgrades on valuation

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More