3 percent Goods and Services Tax (GST) introduced in April 1994. The first quarter of 1995 saw inflation drop back to 2.5 percent with a full annual rate in 1995 of 1.7 percent. In 1996, inflation dropped to an annual rate of 1.4 percent (Country Commercial Guide, 1998, p. 7). The steady strong performance of the Singapore dollar, which keeps the price of imports low, has been Singapore's main tool for controlling inflation. Even the recent Asian financial crisis has not had serious detrimental effects on the level of inflation in Singapore, and the nation as a whole should be able to incorporate a new, low-cost dietary supplement into the market even in turbulent economic times. The trend of low inflation should work to the benefit of any company seeking to import goods to Singapore, and should result in new products which are not considered stap
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