Singapore firms paying bills more promptly in Q3

Singapore

LOCAL companies are paying their bills at one of the fastest rate in the past five years - due to tighter credit terms and the vigorous pursuit of debts. Electronics and construction companies are among those that are paying their bills earlier in the third quarter than a year ago.

The average number of days that a company paid its bills after they are due in Q3 is 36, down from 39 a year ago, said DP SME Commercial…