Singapore Commercial Credit Bureau (SCCB)

Overall improvement in payment performance in 3Q2024 is a sign of greater financial prudence, says SCCB’s CEO.

The business optimism index (BOI) fell to 4.60 percentage points in 2Q2023, down from 5.35 percentage points in the year before.

"Moving into 2023, we expect the growth prospects for certain sectors such as transportation and services to remain positive."

“The overall lukewarm outlook for local businesses is due primarily to a weakening external demand," says SCCB's CEO Audrey Chia.

Business sentiment for 3Q2022 experiences slight moderation amid global economic slowdown and geopolitical uncertainties: SCCB

SCCB CEO Audrey Chia says she expects the "overall outlook of firms to remain cautiously optimistic in the next quarter".

The increased optimism for 4Q2021 is due largely to a relatively resilient demand in manufacturing and the financial services

The outlook for the financial, manufacturing and wholesale sectors remained upbeat.

According to the SCCB’s Business Optimism Index (BOI) study, the Singapore BOI remained negative, although it registered a slight q-o-q improvement of -4.97 percentage points in 4Q20, compared to the -5.16 percentage points in 3Q20.

SINGAPORE (Oct 1): Payment performance remained lacklustre in 3Q19 as prompt payments continued on a downtrend, according to a new report released Tuesday by the Singapore Commercial Credit Bureau (SCCB).