CI1 General discussion, page-1401

Article below…Good signs for Ci1 imo

The problem is even more pronounced in long-term (90+ days) unpaid trade debt that must be written off as uncollectible. Taiwan is struggling the most with this. It has an eight percent write-off rate, almost triple that of last year. In Hong Kong and Singapore, companies' bad debts rose by an average of 50%.

For its annual Asia Payment Practices Barometer, Atradius surveyed businesses in seven Asian markets (China, Hongkong, India, Indonesia, Singapore, Taiwan, and Vietnam) and the United Arab Emirates. They are mainly concerned about the late payments they increasingly face. Economic conditions are extremely uncertain, so there are 60% more of these than in 2021.