Singapore Defence and Security Report Q3 2008
Singapore Defence and Security Report Q3 2008 - http://www.companiesandmarkets.com adds new report
2008-10-29 14:17:01 - Singapore Defence and Security Report Q3 2008 - a new market research report on www.companiesandmarkets.com
www.companiesandmarkets.com/Summary-Market-Report/Singapore-Defe ..
Singapore has one of the largest defence budgets in the Asia Pacific region and its armed forces and security services enjoy a high reputation for efficiency although the armed forces lack battle experience. In 2007, the government announced significant increases in spending, mainly on operating equipment. Overall spending rose 5.3% to SGD10.58bn in 2007. The Singaporean government has thus raised spending slightly higher than its typical 4.5%-5% of the budget range. Singapore’s main security threats come from priacy in the crucial Malacca Straits and from regional terrorism. While generally enjoying good relations with its regional neighbours tensions have emerged with its closest neighbour Indonesia.
In particularly, the first two quarters of 2008 have seen fraught negotiations over the Defence Cooperation Agreement (DCA). The DCA formally recognises defence ties between the two countries and ensures increased defence industry collaboration and greater access to training facilities. In effect this merely systematises arrangements going back decades but some in Indonesia’s parliament have threatened not to ratify the agreement. Defence Minister Teo Chee Hean recently said that many of these objections are due to procedural concerns and Singapore has made proposals to Indonesia on how both countries can move forward. It is now awaiting a response from Jakarta. Singapore continues to develop and maintain other key regional and US defence relationships.
The Singapore Armed Forces the United States Navy and the United States Coast Guard have held their fourteenth annual US-Singapore Cooperation Afloat Readiness and Training (CARAT) exercise focusing on conventional maritime competencies. That followed earlier exercises between the SAF and ther Indian Army. The bilateral armour exercise, codenamed Bold Kurukshetra, held in central India, was the fourth in the Bold Kurukshetra series of annual exercises between the two countries. Singapore’s defence industry has experienced consistent growth over recent decades and is set for further expansion into regional and US markets. Rolls-Royce plans to establish aero-engine facilities in Singapore as well as the US in a phased programme over the next five years worth approximately US$307.8mn. The move will enable Rolls-Royce to strengthen ties with Singapore, which is one of the key investors in the global aero-engine market.
Singapore Defence and Security Report Q3 2008 - http://www.companiesandmarkets.com adds new report
2008-10-29 14:17:01 - Singapore Defence and Security Report Q3 2008 - a new market research report on www.companiesandmarkets.com
www.companiesandmarkets.com/Summary-Market-Report/Singapore-Defe ..
Singapore has one of the largest defence budgets in the Asia Pacific region and its armed forces and security services enjoy a high reputation for efficiency although the armed forces lack battle experience. In 2007, the government announced significant increases in spending, mainly on operating equipment. Overall spending rose 5.3% to SGD10.58bn in 2007. The Singaporean government has thus raised spending slightly higher than its typical 4.5%-5% of the budget range. Singapore’s main security threats come from priacy in the crucial Malacca Straits and from regional terrorism. While generally enjoying good relations with its regional neighbours tensions have emerged with its closest neighbour Indonesia.
In particularly, the first two quarters of 2008 have seen fraught negotiations over the Defence Cooperation Agreement (DCA). The DCA formally recognises defence ties between the two countries and ensures increased defence industry collaboration and greater access to training facilities. In effect this merely systematises arrangements going back decades but some in Indonesia’s parliament have threatened not to ratify the agreement. Defence Minister Teo Chee Hean recently said that many of these objections are due to procedural concerns and Singapore has made proposals to Indonesia on how both countries can move forward. It is now awaiting a response from Jakarta. Singapore continues to develop and maintain other key regional and US defence relationships.
The Singapore Armed Forces the United States Navy and the United States Coast Guard have held their fourteenth annual US-Singapore Cooperation Afloat Readiness and Training (CARAT) exercise focusing on conventional maritime competencies. That followed earlier exercises between the SAF and ther Indian Army. The bilateral armour exercise, codenamed Bold Kurukshetra, held in central India, was the fourth in the Bold Kurukshetra series of annual exercises between the two countries. Singapore’s defence industry has experienced consistent growth over recent decades and is set for further expansion into regional and US markets. Rolls-Royce plans to establish aero-engine facilities in Singapore as well as the US in a phased programme over the next five years worth approximately US$307.8mn. The move will enable Rolls-Royce to strengthen ties with Singapore, which is one of the key investors in the global aero-engine market.
