February 21, 2007: Singapore is increasing its defense budget from $6.5 billion, to $6.8 billion a year. The island nation has a population of 3.7 million, and armed forces of 60,000 troops. On a per-capita basis, Singapore spends more on the military, and has more people in uniform, than the United States. The Singapore military is one of the best equipped, trained and led in the region. Singapore also sits astride the most important shipping channel (the Malacca Straits) in the world. Singapore has the best educated and most affluent population in the region. With so much worth defending, Singapore is ready to take on any hostile neighbors (mainly Malaysia, which Singapore used to be part of.)