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Annual average proportion of prompt payments falls to five-year low in 2016

PC Lee Published on Tue, Jan 03, 2017 / 12:05 PM GMT+8

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SINGAPORE (Jan 3): Payment performance of local firms have hit a new low in five years since 2011.

According to Singapore Commercial Credit Bureau (SCCB), the annual average proportion of prompt payments have declined to a new five-year low at 43.77% in 2016 while the annual average proportion of slow payments have increased since 2014.

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