Firms' payment performance rebounded to 48.40% in 2017

Prompt payments accounted for almost half of all transactions in Q4.

Payment performance of local firms recovered in 2017, with the annual average proportion of prompt payments rising by 4.63%, according to Singapore Commercial Credit Bureau (SCCB).

The annual average proportion of prompt payments increased from 43.77% in 2016 to 48.40% in 2017, whilst slow payments decreased from 44.71% in 2016 to 39.71% in 2017. Partial payments hit a 7-year high, increasing from 11.52% in 2016 to 11.87% in 2017.

The quarterly statistics for Q4 2017 showed that the prompt payments accounted for around half of all payment transactions.

On a year-on-year basis, prompt payments increased from 4.53% in Q4 2016 to 50.40% in Q4 2017, whilst slow payments decreased by 6.36% from 43.28% in Q4 2016 to 36.92% in Q4 2017.

Further, partial payments increased from 10.85% in Q4 2016 to 12.68% in Q4 2017.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia