Slow payments among Singapore companies increased for the first time since Q2 2023, rising by 0.05 percentage points to 44.05% in Q4 2024 from 44% in Q3, according to the Singapore Commercial Credit Bureau (SCCB). Conversely, prompt payments decreased slightly to 41.15% from 41.2% the previous quarter but showed a year-on-year increase of 0.1 percentage points. Overall, slow payments decreased by 0.1 percentage points compared to the same period last year. Four out of five industries, including construction, retail, services, and wholesale, saw a rise in slow payments quarter-on-quarter, while only the manufacturing sector experienced an annual increase. SCCB monitored over 2.4 million transactions to compile the data.