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Singapore firms' bill payment improves in fourth quarter

Slow payments - cases where more than half of total bills are paid later than the agreed credit terms - slipped by 3.03 percentage points to 38.89 per cent in Q4 2014


LOCAL firms' payment of bills improved in Q4 2014 after three consecutive quarters of decline, the Singapore Commercial Credit Bureau's (SCCB) latest quarterly report released on Tuesday showed. Overall prompt payments - cases where at least 90 per cent of total bills are paid...

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