Singapore building firms struggle as overall slow payments in Q1 hit high since 2016

Singapore

SINGAPORE firms have registered their worst payment performance since the third quarter of 2016, and the downtrend is expected to continue as firms are exposed to a higher risk of payment delinquency in the months to come, the Singapore Commercial Credit Bureau (SCCB) said in a report on Monday.

"The marked deterioration in payment performance is a clear sign that firms are struggling to meet their debt obligations with creditors," said Audrey Chia, chief executive officer of D&B Singapore, which SCCB operates under.