Hong Kong’s overall payment situation continued to improve in the second quarter of 2006 making it the fastest paying economy in Asia Pacific, according to a survey by Dun & Bradstreet.  The payment performance of the major Hong Kong industries continued to show improvement.  An indication that the Hong Kong economy is financially healthy in terms of payment practices.  Based on an analysis of 10,000 Hong Kong firms, the percentage of the companies which paid their suppliers within thirty days increased to 87.4 per cent in the second quarter of 2006 up from 86.9 per cent on year ago.  Source:  D&B press release. Source: D&B Hong Kong Press Release.  For more information see www.biia.com ‘PRESS”

BIIA Newsletter September – 2006 Issue