The Business Times
SUBSCRIBERS

Q3 prompt payments hit new low: credit bureau

But the Singapore Commercial Credit Bureau says more firms are making efforts to fulfil their debt obligations partially. Retail reported a fall in slow-payment numbers

Vivienne Tay

Vivienne Tay

Published Tue, Oct 6, 2020 · 09:50 PM

    Singapore

    PROMPT payments fell to a new low in the third quarter of 2020, and accounted for less than two-fifths of total payment transactions, the Singapore Commercial Credit Bureau (SCCB) said on Tuesday.

    Although local payment performance deteriorated during the quarter, some slight improvements were seen in certain sectors, the SCCB said in a statement.

    Singapore SMEsPaymentsConstructionRetail

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More