Firms slack off in bills payment for Q2

Submitted By:  Danielle Isaac Case Study:  No Slow payments ate up over one-third of total transactions due to deteriorating credit conditions. Payment performance of local firms has deteriorated after an improvement from the previous quarter, Singapore Commercial Credit Bureau (SCCB) revealed. According to a report, prompt payments have accounted for less than half of total payment transactions whilst slow payments accounted for more than one-third of total payment transactions. read more