Hong Kong has Least Arrears in Asia Pacific

Posted by Joachim Bartels | Nov 24, 2010 | China, Company, Country, Credit Information, Dun & Bradstreet, Hong Kong, Industry, Newsletters | 0 |

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

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, managing director and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.