Skip to main content
Advertisement

Market payment practices putting pressure on security firms' finances

02:55 Min

Market practices in the security sector are putting pressure on firms' finances, according to industry players. They say delayed payments and deductions from contracts can strain companies' cash flow. And when that happens, it could affect their ability to pay workers on time. This comes as security firm TwinRock says it has ceased business with clients last October. The company will be liquidated because of late payment by clients and what it describes as "crushing liquidated damages". Alxis Thng reports. 

Market practices in the security sector are putting pressure on firms' finances, according to industry players. They say delayed payments and deductions from contracts can strain companies' cash flow. And when that happens, it could affect their ability to pay workers on time. This comes as security firm TwinRock says it has ceased business with clients last October. The company will be liquidated because of late payment by clients and what it describes as "crushing liquidated damages". Alxis Thng reports. 

Advertisement

You May Also Like

Advertisement