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Singapore ranked first in Asia in attracting and fostering talent for the fifth consecutive year, a reflection of the city-state’s strong education system and its ability to build a diverse workforce.

It took the No. 2 spot behind Switzerland on the Global Talent Competitiveness Index, published by French business school INSEAD. The island nation was the only Asian country to feature among the top 10. Australia, which was sixth last year, fell to 11th place while New Zealand followed in 12th.

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