Singapore firms better on payments in Q3

Singapore

SINGAPORE firms caught up on trade payments in the third quarter more actively than a year ago, showing greater rigour in managing their cashflow amid growth concerns.

The level of slow payments in the third quarter reached its lowest in six quarters, lifted by strong improvements in the construction sector, data from the Singapore Commercial Credit Bureau (SCCB) showed on Thursday. Prompt payments also reached its best since the first quarter of last year.