Finance professionals say Singapore firms face cash flow problems

Just under half of those surveyed are focusing their time on securing medium-term stability and opportunities for their companies over the next one to six months.- ST

SINGAPORE (The Straits Times/ANN): Finance professionals expect a slow return to normal from the impact of the coronavirus-induced recession, according to a survey by the Association of Certified Chartered Accountants (ACCA) Singapore.

This comes as 66 per cent of the respondents, from an expert panel of 115 finance professionals, said that their firms' customers have completely stopped or reduced their purchases and 37 per cent said they are having cash flow problems.