Bloomberg News and one of its reporters were ordered to pay S$460,000 (US$355,734) in damages after an article it published was found to have defamed two Singapore government ministers, the city-state's High Court said in a judgment released on Tuesday.

The judge found that the December 2024 article about secretive Good Class Bungalow transactions had defamed the ministers.

The judge found the defendants had acted with malice in the article mentioning the ministers’ personal property deals.