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More prompt and partial payments made in Q2 in Singapore: SCCB

Bureau's data compiler says it's unclear if the uptrend would continue

Angela Tan

Published Wed, Jul 1, 2015 · 09:50 PM

Singapore

MAJOR sectors in Singapore enjoyed a higher proportion of prompt and partial payments made in the second quarter of 2015, marking a decrease in quarter-on-quarter slow payments across all sectors for the first time in nearly three years.

According to the Singapore Commercial Credit Bureau's (SCCB) latest payment statistics, overall prompt payments have risen markedly by 9.43 percentage points on a quarter-on-quarter (q-o-q) basis to 48.47 per cent in Q2 2015, from 39.04 per cent in Q1 2015. Compared to a year ago, they are up 1.09 percentage points.

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