Construction sector sees fewer debts paid on time in 4Q: survey

Singapore

THE construction sector in Singapore has seen a deterioration in debt servicing, with fewer debts paid on time while delinquent debts almost doubled in the fourth quarter of 2018.

Payment behaviour was largely stable across other sectors though DP Information Group cautioned in a statement on Monday that small and medium-sized enterprises (SMEs) will potentially face bigger challenges in 2019 as uncertainties in the business environment are expected to persist.

DP Info noted in its report that just 25 per cent of construction debts were paid on time in October-December 2018, down from 36 per cen…