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Singapore Selected Issues

This Selected Issues paper presents a background and recent policy developments for Singapore’s financial sector. The paper highlights that in 1968, important tax and regulatory incentives were introduced to attract foreign investment in the financial sector and boost financial sector activity. In p...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1999
Series:IMF Staff Country Reports
Subjects:
Depository Institutions
Investments, Foreign
Banks
Finance
Banks And Banking
Industries: Financial Services
Currency; Foreign Exchange
Micro Finance Institutions
Balance Of Payments
Long-term Capital Movements
Trade: General
Exports And Imports
Mortgages
Economic Sectors
International Economics
Export Performance
Foreign Exchange
International Trade
Exports
Financial Institutions And Services: General
Financial Services Industry
Banking
Real Exchange Rates
Foreign Direct Investment
International Investment
Financial Sector
Singapore
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This Selected Issues paper presents a background and recent policy developments for Singapore’s financial sector. The paper highlights that in 1968, important tax and regulatory incentives were introduced to attract foreign investment in the financial sector and boost financial sector activity. In particular, the government catalyzed the development of Asian Currency Units (ACUs) by exempting nonresident depositors from withholding tax on ACU deposits. The paper also examines the impact of the external environment on economic activity in Singapore. Competitiveness issues are also discussed
Physical Description:25 pages
ISBN:9781451834178

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