Payment delays worsen among Singapore firms for third straight quarter

Singapore

SLOW payments among Singapore firms increased for the third consecutive quarter, led by the retail and services sectors, according to a report by the Singapore Commercial Credit Bureau (SCCB) on Tuesday.

Slow payments - which are when less than 50 per cent of total bills are paid within the agreed terms - climbed 2.46 percentage points to 39.75 per cent in the fourth quarter of 2019 from 37.29 per cent in the third quarter.