Arab Today, arab today most asiapacific biusinesses face cash flow problem in 2013
Last Updated : GMT 07:11:16
Arab Today, arab today
Arab Today, arab today

Most Asia-Pacific biusinesses face cash flow problem in 2013

Arab Today, arab today

Arab Today, arab today Most Asia-Pacific biusinesses face cash flow problem in 2013

Manila - XINHUA

Most Asia-Pacific businesses encountered cash flow problem this year, with about 30 percent of total volume of invoices paid late, according to a regional survey issued Saturday by Atradius Group, a company that provides trade credit insurance, surety and collections services. According to the Atradius Payment Practices Barometer survey, most customers, particularly foreign customers, took almost twice the extended payment term to pay for their credit purchases. More than 30 percent of the respondents in the Atradius survey disclosed that maintaining sufficient cash flow levels was the biggest challenge they have had to face this year. The survey was based on the feedback from more than 1,500 suppliers of products and services in several Asia Pacific countries including Australia, China, India and Singapore. "Despite being somewhat insulated from the economic difficulties of Western Europe, Asia-Pacific businesses aren't completely immune. Payment default, particularly from foreign buyers has presented as much of an issue in the region as it has in other regions across the globe," said Eric den Boogert, Director of Atradius Asia. He added that easing growth in China, political uncertainties in India and the need for structural reforms also contributed to the problem. In a separate interview with Xinhua, Michael Frigo, Atradius' regional manager for Southeast Asia, most companies are worried about liquidity constraints and are paying their suppliers later. Frigo said there has been an increase in the amount of invoices which remain unpaid beyond their due date. As a result, there has been an increase in the amount of invoices which remain unpaid beyond their due date. 33 percent of Indian companies' domestic invoices are overdue, while nearly 30 percent of foreign invoices remain unpaid. In Singapore, 34.6 percent of domestic invoices and 36 percent of foreign invoices held by Singaporean companies are overdue. Frigo said easing growth in Asia is also contributing to the companies financial woes. "This slowdown in economic growth is deterring some investors from investing in the region. At the same time, bank financing has been limited in the past year, contributing to the woes faced by businesses," he said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today most asiapacific biusinesses face cash flow problem in 2013 Arab Today, arab today most asiapacific biusinesses face cash flow problem in 2013

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues

GMT 05:34 2017 Monday ,27 February

Brexit sows seeds of doubt for British farmers

GMT 06:38 2017 Sunday ,26 February

US rig count increases

GMT 06:01 2017 Sunday ,26 February

BRIC funds see inflows amid emerging equity boom

GMT 05:43 2017 Sunday ,26 February

Al-Gergawi quits Dubai Holding to focus on govt role

GMT 05:14 2017 Sunday ,26 February

Oil prices to average $50-$70 through 2022

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday