Slow payments fell 1.81 ppt to 38.94% in Q3

The retail sector saw the highest increase of 14.27 ppt to 44.11%.

Local payment performance continued to approach a downward trend as slow payments slipped by 1.81ppt YoY to 38.94% in Q3, according to the Singapore Commercial Credit Bureau (SCCB). Meanwhile, prompt payments eased up as it inched up only by 0.88 YoY ppt to 48.31%.

On the other hand, partial payments rose 0.92 ppt to 12.74% in Q3 2018.

The retail sector experienced the highest increase in slow payments with a 14.27 ppt QoQ jump 44.11% in Q3, largely backed by the increase in slow payments amongst retailers of food and beverage and miscellaneous goods.

“The spike in slow payments within the retail sector is the largest which we have seen since Q2 2012,” D&B Singapore CEO Audrey Chia said. “This was largely due to weaker sales in the previous quarter resulting from muted consumer sentiments within key sub-sectors such as food and beverage and automobiles.”

In the construction sector, improvement sustained as slow payments only decreased by 0.05 ppt to 47.28%. According to SCCB, special trade contractors accounted for the largest decrease in slow payments, down by 3.17 ppt to 44.61% in Q3 2018.

Meanwhile, the heavy construction sector saw the highest increase of 2.31 ppt in slow to 48.66% whilst payment delays within the building construction sector rose slightly by 1.53ppt to 49.07%.

Amidst a decrease in payment delays by manufacturers of apparels and textiles, petroleum and coal products and electronic components, the manufacturing sector saw slight improvements in payment delays with a drop of 1.18ppt to 37.82% in Q3 2018.

Manufacturers of apparels and textiles recorded the largest decrease in slow payments of 8.51 ppt to 34.65%. Following the segment are slow payments by manufacturers of petroleum and coal, down by 5.38ppt to 34.72%.

Slow payments by manufacturers of electronic components dipped 4.22 ppt to 29.81% in Q3.

In the services sector, slow payments slipped 0.84 ppt to 36.70% with the business services sub-sector having the highest drop of 3.70 ppt to 39.42%. The engineering and health services sub-sector also saw a drop of 2.49 ppt and 1.07 ppt to 37.35% and 33.99 ppt, respectively.

For wholesale trade, payment delays dropped 1.65 ppt to 35.29% WoW in Q3. Slow payments by wholesalers of durable goods fell slightly by 2.53 ppt to 35.06% in Q3 2018.

Meanwhile, payment delays by wholesalers of non-durable goods dropped moderately by 1.65 ppt to 35.94% in Q3.

You're the reader we write for. You're also the person our partners want to reach.

If that sentence describes you — a founder, a C-suite, someone whose attention companies pay good money for — then you already understand why SBR works. We've spent twenty years earning the trust of readers exactly like you. Which is exactly what makes this an interesting place for your company to show up, too.

The ways it can show up are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The right fit depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If your company has something this audience should know about, we'd like to hear what you're working on.

No rate cards until we understand the brief. It's a better use of everyone's time.

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

Top News

30 One-Sentence Stories From People Who Have Built Better Habits

None of these stories are mine. They were sent to me by readers of Atomic Habits. My hope is that these examples will illustrate how real people are putting the book into practice. They will show you what people are actually doing to build good habits and break bad ones. And hopefully, they will spark some ideas for how you can do the same.

news conversion

SBR 5 Lorem Ipsum News 2 [8 May]

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

SBR 4 Lorem Ipsum [8 May Top Stories]