Thailand
Singapore companies more prompt in paying their bills in Q2
Singapore companies more prompt in paying their bills in Q2
MONDAY, 5 JULY 2016 – SINGAPORE – Singapore companies were more prompt in paying their bills in the second quarter of this year, after a sharp drop in their payment performance in the first three months of 2016.
Prompt payments accounted for more than two-fifths of all payment transactions in the April-June quarter while slow payments made up slightly less than half, according to the Singapore Commercial Credit Bureau’s (SCCB) latest statistics,
They show overall prompt payments rose moderately to 45.92 per cent in the second quarter from 41.11 per cent in the first quarter.