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Nikkei Markets

Singapore pips US, Hong Kong to top competitiveness ranking

Indonesia makes the most improvement in Asia-Pacific in IMD's tally

Singapore was placed third last year and is returning to first position for the first time since 2010.   © Reuters

SINGAPORE (Nikkei Markets) -- Singapore overtook the U.S. and Hong Kong to the top spot in a global competitiveness ranking, boosted by factors such as its advanced technological infrastructure, skilled labor, favorable immigration laws, and business friendly ways.

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