Trade tensions 'may impact debt payments among SMEs'

Singapore

THE ongoing Sino-US trade conflict may be making its impact felt on Singapore small and medium-sized enterprises (SMEs) that are most exposed to global trade, according to a study of payment data from more than 120,000 firms in Singapore.

The two sectors most vulnerable to global trade tensions in particular are the commerce-wholesale sector and the transport/storage sector, which also showed the biggest declines when it came to payment within terms.