SINGAPORE (Oct 4): Fewer local companies are paying their bills on time, according to data released on Monday by Dun & Bradstreet Singapore’s (D&B Singapore) Singapore Commercial Credit Bureau.

Prompt payments fell 8.9 percentage points from 51.1% in 3Q15 to 42.2% in 3Q16. At the same time, slow payments increased by 8.1 percentage points to 46.4% from 38.3% a year ago.

Compared with the previous quarter, prompt payments fell by 3.8 percentage points to 42.2%, and slow payments rose by 3.8 percentage points to 46.4%.

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