The Business Times
business-time-50

Companies' prompt payments rebound after three straight quarters of decline

Construction only one among five sectors to suffer increase in slow payments q-o-q, says Singapore Commercial Credit Bureau

Vivienne Tay

Vivienne Tay

Published Tue, Apr 2, 2019 · 09:50 PM
    Construction lags in payment performance

    Singapore

    LOCAL firms' payment performance rebounded in the first quarter of 2019 following three consecutive quarters of decline, except for the construction sector, the Singapore Commercial Credit Bureau (SCCB) said on Tuesday.

    Prompt payments rose to slightly more than half of total payment transactions, while slow payments comprised more than a third, SCCB said in its latest quarterly report.

    TRENDING NOW

    From left: Pham Nhat Quan Anh, Pham Nhat Vuong, Pham Thu Huong and Pham Nhat Minh Hoang. The couple (centre) remain senior figures in Vingroup, with their children’s presence in the ecosystem growing.

    He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons

    Asian investors continue to allocate capital to global markets, while maintaining significant exposure to US assets. 

    Despite the de-dollarisation debate, demand for dollar liquidity in Asia is growing

    Dr Mari Elka Pangestu says unilateralism is “concerning” as Asean’s growth model depends upon openness and a rules-based global order.

    Asean’s challenge is to become resilient against global geopolitics: former Indonesia trade minister

    The Philippines has lost between 42.3 billion pesos (US$675.6 million) and 118.5 billion pesos to flood-control corruption since 2023.

    Floods compound Philippine growth woes from public-works scandal

    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