Slow payments rise for first time in six quarters in Singapore

Slow payments inched up 0.05 percentage point to 44.05 per cent in the fourth quarter, from 44 per cent in the third quarter, according to data released on Jan 7. — The Straits Times

SINGAPORE: The quantum of slow payments among Singapore firms rose for the first time in six quarters, led by the services sector, according to the Singapore Commercial Credit Bureau (SCCB).

Slow payments inched up 0.05 percentage point to 44.05% in the fourth quarter of 2024 (4Q24), from 44% in the third quarter, according to data released by the firm on Tuesday.