Singapore firms paying bills more promptly in Q3
Singapore
LOCAL companies are paying their bills at one of the fastest rate in the past five years - due to tighter credit terms and the vigorous pursuit of debts. Electronics and construction companies are among those that are paying their bills earlier in the third quarter than a year ago.
The average number of days that a company paid its bills after they are due in Q3 is 36, down from 39 a year ago, said DP SME Commercial Credit Bureau on Tuesday. This pace, as measured by the days turned cash (DTC) national average, is one of the fastest in the last five years and is unchanged from Q2. DTC was 43 days in Q1 (See DTC figures).
TRENDING NOW
One-third of Singapore-listed firms at risk in severe AI downturn: MAS
‘Not done’: Keppel CEO Loh Chin Hua transformed the group, but says there’s ‘still a lot to do’
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
‘We don’t want to stay as we are’: CEO Patrick Ng builds a more resilient Huationg
