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Latest news

African private power producers take government to task over late payments

African private power producers take government to task over late payments

News   •   Sep 24, 2019 12:10 +08

Several power producing companies in Rwanda have complained to parliament about the government over delayed payments that have caused them to not be able to pay their bank loans and taxes.

 Small businesses don't chase late payments to maintain client relations

Small businesses don't chase late payments to maintain client relations

Blog posts   •   Sep 23, 2019 09:00 +08

Late payment often creates big pressure on businesses.

Small businesses don't chase late payments to maintain client relations

Small businesses don't chase late payments to maintain client relations

News   •   Sep 23, 2019 08:30 +08

A white paper has revealed that most small businesses would rather keep quiet and accept late payment rather than put the relationships with their clients at risk.

Late payments affect mental well-being of UK SME owners

Late payments affect mental well-being of UK SME owners

News   •   Sep 19, 2019 08:45 +08

​SME owners were probably not told when they started their businesses that their mental well-being would be at stake, and that it would suffer when they are owed money by their customers.

 Freelance writer documents accounts receivable nightmare

Freelance writer documents accounts receivable nightmare

Blog posts   •   Sep 16, 2019 09:00 +08

Being a freelancer is tough. Without the backing of an organisation, you operate in a much riskier environment than salaried employees.

Freelance writer documents accounts receivable nightmare

Freelance writer documents accounts receivable nightmare

News   •   Sep 16, 2019 08:30 +08

A freelance writer who was owed US$5,000 by several companies has documented her process of trying to get paid, which resulted in hiring a lawyer to write a demand letter and severing her relationship with one company.

 US-China trade war slows down demand for Singapore businesses

US-China trade war slows down demand for Singapore businesses

Blog posts   •   Sep 09, 2019 09:00 +08

Singapore businesses exposed to the international environment are feeling the negative effects of the US-China trade war as both countries introduce tariffs on each other's goods, and orders from customers in China slow down.

US-China trade war slows down demand for Singapore businesses

US-China trade war slows down demand for Singapore businesses

News   •   Sep 09, 2019 08:30 +08

Singapore businesses exposed to the international environment are feeling the negative effects of the US-China trade war, as orders from customers in China slow down.

Five key learnings from SMEICC 2019

Five key learnings from SMEICC 2019

Blog posts   •   Aug 23, 2019 12:00 +08

SMEICC was a great eye-opener for the role technology plays - and does not play - in the day-to-day workings of an SME. RIABU's Mark Laudi has the summary.

Indian Discoms must now use letters of credit when buying power

Indian Discoms must now use letters of credit when buying power

News   •   Aug 12, 2019 13:28 +08

The Indian government is trying to reduce delayed payments in the energy industry by making it mandatory for state power distribution companies (Discoms) to use letters of credit when they buy power.

Indian government to set up payments portal for SMEs

Indian government to set up payments portal for SMEs

News   •   Aug 12, 2019 13:18 +08

The Indian government is looking at setting up a payments portal so it can pay SMEs faster and improve their working capital and cashflow.

 Sisk CEO blames suppliers' incorrect invoices for delayed payments

Sisk CEO blames suppliers' incorrect invoices for delayed payments

Blog posts   •   Aug 08, 2019 08:45 +08

SISK was recently kicked out of the Prompt Payment code by the Chartered Institute of Credit Management (CICM) which administers the code on behalf of the government.

Aussie small businesses owed A$115 billion in late payments every year

Aussie small businesses owed A$115 billion in late payments every year

News   •   Aug 07, 2019 08:45 +08

Small businesses in Australia are owed a total of A$115 billion in outstanding invoices every year, with over half of all trade credit invoices to SMEs being settled an average 23 days after they are due.

Half of regulated UK supermarkets not keen on signing payment code

Half of regulated UK supermarkets not keen on signing payment code

Blog posts   •   Aug 06, 2019 08:45 +08

Only 6 of of the 12 UK major supermarkets signed up for the prompt payment code. However, despite the other half of UK supermarkets not signing up for the payment code, payments seem to have improved from the major industry players to their suppliers.

Vicious cycle: SMEs paid late owed £50 billion to their suppliers in 2018

Vicious cycle: SMEs paid late owed £50 billion to their suppliers in 2018

News   •   Aug 05, 2019 12:30 +08

Unpaid invoices or late payments can set off a chain reaction that causes delays and instability in supply chains and the wider economy. SMEs in the UK that were paid late ended up owing money to their suppliers in 2018, leading to a cycle of late payments.

Directors of large companies in the UK to be responsible for payments to SME

Directors of large companies in the UK to be responsible for payments to SME

News   •   Aug 01, 2019 08:45 +08

Directors at large British companies may soon be responsible for making timely payments to smaller companies, if proposals by small business minister Kelly Tolhurst go through.

Kenyan government urged to set up fund to pay SMEs

Kenyan government urged to set up fund to pay SMEs

News   •   Jul 31, 2019 08:45 +08

The Kenya National Chamber of Commerce and Industry has urged the government to set up a US$100 million fund to pay small- and medium-sized suppliers that have been waiting years for payment.

Pakistan State Oil receivables dangerously high due to circular debt

Pakistan State Oil receivables dangerously high due to circular debt

News   •   Jul 30, 2019 08:45 +08

Pakistan State Oil, a petroleum marketing and distribution company, is trying to collect receivables of more than US$2 billion as the country suffers from circular debt that is crippling the power sector.

India's renewable energy ministry to publicly disclose payment delays

India's renewable energy ministry to publicly disclose payment delays

News   •   Jul 29, 2019 09:00 +08

India's Ministry of New and Renewable Energy (MNRE) has said it is considering setting up a web portal to publicly disclose payment delays to renewable energy companies from power distribution companies.

 Payment delays in India affect renewable energy companies

Payment delays in India affect renewable energy companies

Blog posts   •   Jul 29, 2019 08:45 +08

Solar and wind energy companies in India are waiting in vain for payments from power distribution companies (DISCOM).