01614cas a2200241 a 4500 AALejournalIMF007580 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451834178 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Singapore : Selected Issues. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (25 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 1999/035 Full text available on IMF http://elibrary.imf.org/view/journals/002/1999/035/002.1999.issue-035-en.xml IMF e-Library