Singapore companies clock further progress in paying their bills in Q4
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Singapore
LOCAL firms improved their payment performance in the last three months of 2015 for the third straight quarter, with overall prompt payments coming close to a two-year high and improvements seen in the number of slow payments.
The Singapore Commercial Credit Bureau (SCCB) said 53.1 per cent of all payment transactions in Q4 2015 were made promptly, an improvement over the 51.05 per cent recorded in Q3 2015. This also compares favourably with the 50.07 per cent achieved in the last quarter of 2014.
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