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Creditors put heat on retail SMEs to settle bills more quickly

Credit bureau says higher rentals and pressure on retail businesses to wean off cheap labour making suppliers nervous

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Small and medium-sized enterprises (SMEs) in Singapore's retail sector are paying their bills sooner, having come under pressure by their creditors and suppliers.

Singapore

SMALL and medium-sized enterprises (SMEs) in Singapore's retail sector are paying their bills sooner, having come under pressure by their creditors and suppliers.

At the end of 2013, these SMEs took 63 days to settle their bills; at the end of last year, they did so in 42

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