Indonesia becomes Southeast Asia’s second biggest military spender

With a total defence budget of 8.8 billion USD in 2023, Indonesia becomes the second-largest military spender in Southeast Asia, following Singapore, according to data and analytics company GlobalData.
Indonesia becomes Southeast Asia’s second biggest military spender ảnh 1Indonesia becomes the second-largest military spender in Southeast Asia. (Photo: thejakartapost.com)

Jakarta (VNA) – With a total defence budget of 8.8 billion USD in2023, Indonesia becomes the second-largest military spender in Southeast Asia,following Singapore, according to data and analytics company GlobalData.

The country’s militaryexpenditure is forecast to reach 9.7 billion USD by 2028.

GlobalData’s latest report, “Indonesia Defense Market Size and Trends, BudgetAllocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast,2023-28,” reveals that the country’s cumulative defence spending isanticipated to touch 46.6 billion USD during the 2024-2028 period, out of whichthe acquisition budget share is estimated to be approximately 28.4%, amountingto 13.3 billion USD. The defense acquisition expenditure is expected toregister a compound annual growth rate (CAGR) of 1.5% over 2024-2028 and reach 2.7billion USD by 2028.

Abhijit Apsingikar, Aerospace& Defense Analyst at GlobalData, said that Indonesia’s defencebudget is majorly driven by the need to mitigate natural disasters andundertake military modernisation initiatives.

The country is looking to expand its defence posture as well as augment itsindigenous defence manufacturing industrial complex through militarymodernisation initiatives, while improving capacity in response to security andterrorism threats.

Over the 2018-2023 period, Indonesia carried out several defence deals to modernizeits air force fleet, including the acquisition of 42 Dassault Rafale as well as24 F-15ID multirole strike fighters. The country also invested in modernisingits air lift capability, and signed a contract to acquire two units of the A-400MAtlas transport aircraft./.                                 

VNA

See more

A port in Bangkok, Thailand. (Photo: AFP/VNA)

Thailand to have first FTA with Europe’s trade bloc

A free trade agreement between Thailand the European Free Trade Association (EFTA), including Switzerland, Norway, Iceland and Liechtenstein, will be signed in Davos on January 23, becoming the first pact of its kind between the Southeast Asian country and the trade bloc.

A foreign beggar in the Asok-Nana area (Photo: bangkokpost)

Thai MP raises alarm over beggars exploiting children

A Thai member of Parliament (MP) is calling on the government to address the growing issue of foreign beggars in the Asok-Nana area, particularly those who bring children with them to increase their earnings.

Participants at the 5th ASEAN Digital Ministers Meeting (Photo: asean.org)

ASEAN members agree to build safe digital environment

Thai Deputy Prime Minister and Minister of Digital Economy and Society Prasert Jantararuangtong said that participants at the 5th ASEAN Digital Ministers Meeting (ADGMIN) have agreed that online fraud and call centre gangs are urgent issues that require a collective effort to address.

Initiative to boost China, ASEAN city-level relations (Photo: en.gxzf.gov.cn)

Initiative to boost China, ASEAN city-level relations

Mayors of 12 cities, together with representatives and experts, from China and ASEAN countries gathered in Nanning city, south China's Guangxi Zhuang Autonomous Region, for the Global Mayors Dialogue from January 15-18.

Vietnamese Ambassador to Uruguay Ngo Minh Nguyet and Vice President-elect Carolina Cosse (Photo: VNA)

Vietnam, Uruguay strengthen cooperation

Vietnam always remembers and thank for valuable assistance from the government and people of Uruguay during its past struggle for independence and national reunification as well as the ongoing integration and development process, said Vietnamese Ambassador to Uruguay Ngo Minh Nguyet.

Coordinating Minister for Food Zulkifli Hasan (center) delivers a speech at the National Working Meeting of Barantin in Jakarta on January 16, 2025. (Photo: Antara)

Indonesia focuses on technology to enhance quarantine systems

Indonesian Coordinating Minister for Food Zulkifli Hasan on January 16 called on the Indonesian Quarantine Agency (Barantin) to strengthen its human resources, upgrade laboratory facilities, and harness information technology to bolster the nation’s quarantine capabilities.

Chinese tourists flock to the Erawan Shrine in Pathumwan to pray for New Year's wishes. (Photo: bangkokpost)

Thailand adjusts target for Asian visitors

The Tourism Authority of Thailand (TAT) is revising its target for Asian visitors this year, focusing on potential markets to counter a decline in Chinese arrivals.

Speaker of the National Assembly Woo Won-shik (front row, centre) poses with ASEAN member nation envoys and government officials during a luncheon in Seoul. (Photo: Courtesy of Thai Ambassador Tanee Sangrat on X)

RoK reaffirms commitment to ASEAN-focused diplomacy

Speaker of the National Assembly of the Republic of Korea (RoK) Woo Won-shik has reaffirmed the country’s commitment to ASEAN-focused diplomacy and its active role in ASEAN-led mechanisms when he hosted a luncheon for diplomatic envoys from 10 ASEAN nations in Seoul on January 16.

App stores are also responsible for monitoring app content and are required to review apps and updates before they are released. (Photo: The Straits Times)

Singapore mandates age assurance for app stores

Singapore will soon require app stores to implement measures, including age verification, to enhance online safety, particularly for children, the Infocomm Media Development Authority (IMDA) announced on January 15.