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Payment delays worsen among Singapore firms for third straight quarter
Published Tue, Jan 7, 2020 · 09:50 PM
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.
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