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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
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.
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