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Singapore is still the preferred location for regional treasury centres of multinational corporations (MNCs)
and Operational Headquarters of financial institutions in Asia. For the period April 2000 to March 2001, five MNCs were approved as Finance and Treasury Centres (FTC) under the MAS FTC Tax
Incentive Scheme, bringing the total number of FTCs registered in Singapore to more than 50. Eight MNCs renewed their FTC Tax Incentive.
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