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S'pore invests in OZ's defence

Papsmearer

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You alway fix the currency rate at a particular point in time no matter how long the duration. The respective parties then will have to decide how to hedge their currency exposure if they want to. Even small time importer and exporter or traders do that.

How the hell do you hedge when all currency forward contracts that I am aware of are for 12 months at the most? The SAF is obviously planning for the long term in Australia. They are not going to spend $2.3 billion AUD in 6 months. They are spending the money building infrastructure, barracks, etc. The spending is spread out over several years. Like that, Hedge simi lancheow?
 

Papsmearer

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Singaporean army to sink $2 billion into expanding Queensland bases, 14,000 troops on rotation

Thousands of Singaporean troops are heading to Queensland as part of a $2.25 billion expansion of the South-East Asian city state's military bases in Queensland.

The Federal Government today announced a 25-year deal that will see Singapore increase the number of troops it has on rotation in Australia from 6,000 to 14,000.

With a land mass of just over 700 square kilometres, Singapore does not have the space it needs for military exercises and uses bases in Australia for training and weapons testing.

"There'll be opportunities obviously in the local community to be big beneficiaries, not only from people staying there and sometimes they'll bring family with them, but also from the money that's going to be spent to improve the bases themselves," Mr Ciobo told the ABC.

The facilities Singapore will fund the expansion of are at Shoalwater Bay north of Rockhampton, and in Townsville.

Both bases lie in seats the Coalition is desperate to hang on to: Capricornia, which Nationals MP Michelle Landry won back from Labor in 2013 and Herbert, held by the Liberals' Ewen Jones.

Mr Ciobo insisted strategic, not political interests were behind the agreement.

I don't think it's a surprise to anybody that a small city-state like Singapore ... looks throughout the region to where they're able to mobilise forces.
Trade Minister Steve Ciobo

"We are talking about two very established defence force bases and training facilities, that's what drove this, not the politics," he said.

"I think most reasonable Australians would recognise that of course the focus is upon where we have defence bases.

"I don't think for a moment that Singapore was that concerned about which seats these bases happened to be in."

The ABC has been told the move is emblematic of Singapore's desire to forge closer defence ties with Australia and within the Asia-Pacific in the face of China's growing military might.

"Australia has had a long-term great relationship with Singapore, so it's a logical extension."

The deal also improves visa conditions for Australians working in Singapore and makes it easier for their spouses to get jobs.

The two countries have also committed to recognising the university qualifications of professionals, including engineers and accountants.

http://www.abc.net.au/news/2016-05-06/singapore-to-expand-queensland-defence-bases/7389168
 

winnipegjets

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How the hell do you hedge when all currency forward contracts that I am aware of are for 12 months at the most? The SAF is obviously planning for the long term in Australia. They are not going to spend $2.3 billion AUD in 6 months. They are spending the money building infrastructure, barracks, etc. The spending is spread out over several years. Like that, Hedge simi lancheow?

For every $10 spent in Ausland, $5 is put into some personal account of someone. Special arrangement made possible by the Aussies.
 

scroobal

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Loyal
Read up on rollovers. It will explain the process. By the way forward contracts are not the only hedging tools especially for Governments.
How the hell do you hedge when all currency forward contracts that I am aware of are for 12 months at the most? The SAF is obviously planning for the long term in Australia. They are not going to spend $2.3 billion AUD in 6 months. They are spending the money building infrastructure, barracks, etc. The spending is spread out over several years. Like that, Hedge simi lancheow?
 

Leckmichamarsch

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Loyal
Fucking PAP. We spend USD $1.67 billion to create thousands of jobs for Aussies. In the mean time, we have break down in our own infrastucture like MRTs, hospitals not enough beds (patients sleeping in tents and hallways), etc. We sure could use the USD$1.67 billion here.

& the dun even want to buy our assault rifles, bionix, terrex or bronco or even war ship............. fucking Roos
 

Leckmichamarsch

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Its a good because now ministers have an excuse to fly to aussie for holidays on official accounts paid by tax payers. That will not work if they have defence agreement with papua new guinea, which is more appropriate place for training.

oso to hide money there n buy villas and huge tracts of land........... with abo slaves thrown in
 

Leckmichamarsch

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Holly crap this is very different from what we read in the straits times:

Singapore will invest up to US$1.67 billion in Australia's defence infrastructure and hike troop numbers it sends for training, Prime Minister Malcolm Turnbull said Friday.

The new agreement also includes commitments to open markets and trade and increase collaboration in science and research, he said, adding it would create thousands of jobs in northern Australia.

"We will jointly develop military training facilities in northern Queensland which will be fully funded by Singapore," the prime minister told reporters.

"Singapore will invest up to two-and-a-quarter billion dollars (US$1.67 billion) in the expansion of two of our most important military training facilities," he said, naming Shoalwater Bay and Townsville.

Turnbull said upgrading the Free Trade Agreement between the countries would make it much easier for Australians to live and work in Singapore.

"This is a great day for the Australian Singapore relationship," he said, dismissing concerns that deeper ties between Canberra and Singapore could rankle China.

Some 6,600 Singaporean troops already train each year in northern Australia. Under the new deal this will climb to 14,000, staying for 18 weeks instead of the current six, trade envoy Andrew Robb said.

Singapore Prime Minister Lee Hsien Loong said the Comprehensive Strategic Partnership (CSP) signed with Canberra last year was "an ambitious package covering many aspects of our relationship".

"Our two countries are politically like-minded, strategically aligned and economically complementary. We have much to gain by working closely together," he said in a statement.

Singapore is Australia's fifth-largest trading partner, with gold and crude petroleum key exports.

As it looks to Asian markets for growth, Australia will encourage greater collaboration in research with Singapore and locate one of its five start-up "landing pads" in the city state to promote innovation and entrepreneurship.

CECA brought in ah neh n pundeks by shiploards..........and now we will hv kangeroos by shitloads too
 

Leckmichamarsch

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Loyal
It is a right strategic move for Singapore and for the long term.

Singapore is just a dot and there is no strategic depth at all. Just send your planes to bomb this dot, and everything you have built will disapppear in an instant.

Secondly, you need nearby training facilities and bases for your military given the smallness of this island. The land in Australia can be used for sorts of military training that Singapore needs. Australia is now moving to focus on economic viability with the downturn in commodities' prices and this partnership is an economic boost with its abundant land.

Do you have a choice? No good ones but nevertheless you try something. Hence this explains why you have Thailand and Brunei as nearby places. We used to have Taiwan until it became politically unacceptable due to China's dominance. Australia might be a bit far but it is better than nothing. Notably this close cooperation is a spark to economic partnerships. Being close friends diplomatically is crucial for Singapore's longterm survival.


for dat price RI will sell us couple of uninhabited islands....................
 

Papsmearer

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& the dun even want to buy our assault rifles, bionix, terrex or bronco or even war ship............. fucking Roos

The Aussie's don't have the money to buy them, and more likely, they are crap anyway. They like their own bullpup, the Steyr Aug, so why should they buy our SAR-21?. As for the Terrex and Bionix, they like their Ultra M113 just fine too. In fact, some of our own AI also prefer the M113 over the Bionix. The main point that everyone seems not to be asking is, why the fuck are we paying to upgrade the facilities. Its a fact that Shoalwater is also used by the US military for an even longer time then the SAF. Why are the US paying for the upgrades too, at least share in the cost. PAP are really suckers.
 

Papsmearer

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what is the relevance of the Shoalwater training facility to the SAF's future combat operations? The SAF uses that area to train in combined arms and mobile warfare. And also to practice amphibious landings. Usually, movement and involvement is Brigade size. Exercise Wallaby is 5200 troops, plus tanks and arty etc. And they are training in relatively open terrain.

All this bears no resemblance to the future theatre of operations for the SAF. Likely, we will fight in urban areas (FIBUA), which is much smaller units entering urban areas. If you want to see what that looks like, then look at IDF operations in Gaza, US operations in fallujah and Baghdad, etc. It involves heavily armoured APCs and MBT in close co-operation with artillery overwatch. The RSAF might fight for air superiority. But their contributions to ground ops is restricted to troops designating targets for the F-16s using smart bombs. Drones will also be heavily used. We should be training for this. we should be buying a dead town somewhere and turning it into a urban warfare training centre. this shoalwater training is crap.
 

frenchbriefs

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Asset
The Aussie's don't have the money to buy them, and more likely, they are crap anyway. They like their own bullpup, the Steyr Aug, so why should they buy our SAR-21?. As for the Terrex and Bionix, they like their Ultra M113 just fine too. In fact, some of our own AI also prefer the M113 over the Bionix. The main point that everyone seems not to be asking is, why the fuck are we paying to upgrade the facilities. Its a fact that Shoalwater is also used by the US military for an even longer time then the SAF. Why are the US paying for the upgrades too, at least share in the cost. PAP are really suckers.

aus spends 150 bil a year on welfare u think they dont have money?they just dont want to waste time on crap like fondling balls like PAP does.PAP are the biggest suckers in the world,if it was china doing the investment,they will demand for every cent of value out of the deal,or better still, offer to help them build the infrastructure with chinese companies and offer them the billion dollar investment in the form of a loan.win win for the PRCs.
 

Papsmearer

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aus spends 150 bil a year on welfare u think they dont have money?they just dont want to waste time on crap like fondling balls like PAP does.PAP are the biggest suckers in the world,if it was china doing the investment,they will demand for every cent of value out of the deal,or better still, offer to help them build the infrastructure with chinese companies and offer them the billion dollar investment in the form of a loan.win win for the PRCs.

Yep, the chinese would require offset purchases, or work visas for X numbers of chinese a year, etc. We give away the farm, and even worse, we allow them to send their citizens here to work at very reduced visa requirements. ie allow them to come here to steals sinkie jobs. Like as though Pinay, PRC, Indians, etc are not stealing enough of our jobs. this was political. The aussies were probably threatening to cancel the training agreement after the big stink over aussie companies avoiding taxes by moving to singapore. see http://www.smh.com.au/business/sing...en-its-a-valueadding-hub-20150430-1mwvdu.html

The PAP are trying to appease the Aussie govt and public in general by making a big investment in what is ultimately the defense and security of Australia. Of course, us taxpayers have to pay for it.
 

eatshitndie

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Asset
Yep, the chinese would require offset purchases, or work visas for X numbers of chinese a year, etc. We give away the farm, and even worse, we allow them to send their citizens here to work at very reduced visa requirements. ie allow them to come here to steals sinkie jobs. Like as though Pinay, PRC, Indians, etc are not stealing enough of our jobs. this was political. The aussies were probably threatening to cancel the training agreement after the big stink over aussie companies avoiding taxes by moving to singapore. see http://www.smh.com.au/business/sing...en-its-a-valueadding-hub-20150430-1mwvdu.html

The PAP are trying to appease the Aussie govt and public in general by making a big investment in what is ultimately the defense and security of Australia. Of course, us taxpayers have to pay for it.

"value-add" business relocation is smoke and mirrors for legalized tax avoidance. all successful u.s. tech companies do that. any highly profitable u.s. company which does not know how to exploit the tax "sandwich" loophole by setting up offices in ireland and the netherlands deserves to be screwed royally by uncle sam. aussies are waking up and learning from Americans about tax loopholes, and sg is conveniently closer.
 

Papsmearer

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Upsizing Singapore’s defence footprint in Australia
9 May 2016 11:36AM

On 6 May, as virtually his last act of policy before calling a general election, Prime Minister Malcolm Turnbull announced an enhanced defence training agreement with Singapore, as part of the new Comprehensive Strategic Partnership (CSP) between Australia and Singapore.

Australian and Singaporean officials have been working on the CSP since last June’s Joint Declaration by prime ministers Abbott and Lee. While some details have yet to be finalised, and Mr Lee’s planned visit has had to be postponed, that the CSP roll-out was fast-tracked ahead of the Australian election campaign is a sign of the importance this upgrade in bilateral relations has for both countries. As a fellow ‘odd man out’ in its region, Singapore may be the state in Southeast Asia that needs Australia most, given its long-standing defence interest in Australia as a source of strategic depth.

The Lowy Institute will shortly be publishing my analysis of the Australia-Singapore CSP, 'Size Isn’t Everything', focusing on the defence and security aspects of the relationship. With that in mind, it’s worth highlighting the key points of the defence deal announced last week, and its wider strategic significance.

The centrepiece of the new defence cooperation deal involves an approximate doubling of Singapore’s access to military training in Australia. The Singapore Armed Forces (SAF) already have a large footprint in Australia, including all basic flight training, in Western Australia. Up to 6,000 troops and 400 SAF platforms, including armour, artillery, aircraft and helicopters, take part annually in a tri-service exercise in Queensland’s Shoalwater Bay training area, which is three times the size of Singapore.

The city state’s lack of space has led it to put in place an elaborate web of overseas training arrangements, involving a dozen countries. Australia is now emerging as the most important of these, offering access to training, under tropical conditions, on an unmatched scale. Singapore’s defence investment in Queensland may well presage a consolidation into Australia as its primary training location overseas.

Under the new CSP defence arrangements announced last week, covering a 25-year period, Singapore will receive expanded access to Shoalwater Bay and training areas around Townsville. This entails more than doubling the number of SAF personnel rotating annually through Australia, to 14,000. They will also be able to stay for up to 18 weeks per year, up from 6 weeks previously. To accommodate this expanded presence, Singapore has agreed to fully fund the new training facilities in Queensland to the tune of $2.25 billion: a 'massive investment in Defence infrastructure in Australia', according to Mr Turnbull. The enhanced facilities will also be available for the Australian Army when not in use by the SAF.

It was further reported last week that air force training will be intensified. The details of this have yet to be fixed, but it is understood that RSAF pilots will be able to train in Australia for up to six months per year.

Defence is just one element of the CSP, which mandates closer cooperation in trade and investment, foreign policy, and people-to-people links . Broader security ties will extend to intelligence and law enforcement cooperation, including the two countries overlapping counter-terrorism interests. Officials and uniformed personnel will be posted in each other’s countries, as an indication of depth to the government-to-government relationship. This, according to Lee Hsien Loong, rests on the assumption that Singapore and Australia are 'politically like-minded, strategically-aligned and economically complementary'.

In the context of an election campaign, now officially under way, Malcolm Turnbull and trade envoy Andrew Robb lost no time in extolling the employment and infrastructural benefits of the defence deal as a 'much needed boost to local economies' in northern Queensland.

Singapore’s willingness to pay for enhanced access to defence training in Australia, although welcome, should not distract from an enduring, two-way underpinning to Australia’s interactions with Singapore. This goes beyond the wider quid pro quo within the CSP, whereby Canberra is improving the terms of its economic access to Singapore in return for granting Singapore more access to military training areas in Australia.

Singapore’s stock is also rising, for Australia, in the context of Southeast Asia’s rising strategic profile. The city state can also add strategic depth for Australia. This reflects its enduring strategic function as a forward operating location situated at the fulcrum between the Straits of Malacca and the South China Sea. Singapore’s military capabilities are second to none in Southeast Asia. However, the most important strategic attributes Singapore brings to the partnership are non-material: a shared mindset, strategic outlook and a willingness to commit for the long term.

Singapore’s agreement to pay for the new facilities could draw favourable comparisons with the festering disagreement between Washington and Canberra over whom should pay for upgraded facilities to host the US Marine contingent near Darwin . That, however, would be to ignore the wider alliance benefits that the US presence brings, which Canberra should be prepared to pay for.

Singapore’s forces are welcome in Australia. Hopefully their enhanced presence here will lead to deeper bilateral cooperation with the ADF, complementing their long-standing interactions in the region through the Five Power Defence Arrangement. The CSP is a major step forward, but it is not a military alliance.
 

krafty

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better for OZ this way cos' s'pore got very big ego , always thinking OZs are envious of sinkieland's success and prosperity.:rolleyes:
 

winnipegjets

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Sinkees will make themselves the hated in the local communities fairly quickly. The ugly sinkees will rear his heads.
 

Papsmearer

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Sinkees will make themselves the hated in the local communities fairly quickly. The ugly sinkees will rear his heads.

This is going to have an unintended benefit (or maybe an intended one). The increase in perm staff to occupy the new facilities will increase the birth rate like crazy, it they make the posting long enough and allow spouses and family to accompany them. Those RSAF perm staff at Pearce AB are breeding like rabbits, all hoping their child will be born in Australia and hence get aussie passport and later sponsor them. Same for those perm staff in the US at Mountain Home and all that.
 
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