More payment delays among firms in Q3; construction hardest hit: credit bureau

Singapore

PAYMENT delays, notably in the construction sector, have worsened over the year, according to the Singapore Commercial Credit Bureau's (SCCB) latest payment statistics released on Monday.

Prompt payments deteriorated strongly, accounting for only 42.18 per cent of total payment transactions in the third quarter of this year, compared to a year ago when 51.05 per cent paid at least 90 per cent of their total bills on time.