Payment delays in Singapores manufacturing sector continue to worsen

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Singapore companies made more payments on time in Q3, compared to the previous quarter. According to the Singapore Commercial Credit Bureau, there were also fewer slow payments, defined as total bills that are less than 50% repaid. In the manufacturing and wholesale sectors, payment delays continued to worsen. Slow payments in the manufacturing sector rose to nearly 40% -- an increase six quarters in a row. The Singapore Manufacturing Federation said slow payments from the sector is worsening, and warned that this could have a cascading effect on the rest of the economy. • Subscribe to our channel here: https://cna.asia/youtubesub • Subscribe to our news service for must-read stories: • Telegram - https://cna.asia/telegram • WhatsApp - https://cna.asia/whatsapp • Follow us: • CNA: https://cna.asia • CNA Lifestyle: http://www.cnalifestyle.com • Facebook: / channelnewsasia • Instagram: / channelnewsasia • Twitter: / channelnewsasia • TikTok: / channelnewsasia

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