(April 06 11:04) Sbr.com.sg
Submitted By:
Staff Reporter
Case Study:
No
Delayed payments made up 45.8% of all transactions during the quarter.
The payment performance of Singaporean firms fell to a three-year low in Q1, with prompt payments—or payments made on-time with the deadline—accounting for only 43.2% of total payment transactions during the quarter, according to data from the Singapore Commercial Credit Bureau (SCCB).
On a yearly basis, prompt payments dropped 8.5 percentage points (ppt) to 43.2% in Q1 from 51.7% in Q1 2019. Prompt payments hit a previous low of 42.18% in Q3 2016.
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