Asia suffers from prolonged DSO times
Mar 25, 2013
Overdue payment times surge in Asia
Almost half of companies in Asia witnessed overdue payment times increase in 2012, a 14% jump on the year before according to Coface. Companies in Hong Kong, Singapore and China witnessed more delays than elsewhere in the region.
If being overdue wasn’t bad enough, 43% of companies in Asia are seeing overdue payment times actually increase in 2012, according to research compiled by Coface, a credit insurance company. This compares to only 29% in 2011.
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