PR-insider.com, 17 Oct 2008, Companiesandmarket.com
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.
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