Singapore spent $12 million on USN.Korea summit

Singapore spent $12 million on USN.Korea summit

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Singapore — Singapore said Sunday (24/06) it spent S$16.3 million (US$12 million) on the historic U.S.-North Korea summit, adding it was less than initially anticipated after some in the city-state complained about the high cost. U.S. President Donald Trump and the North’s leader Kim Jong-un met in Singapore on June 12 for talks aimed at ending a tense nuclear standoff. The meeting was a culmination of a rapid detente between Pyongyang and Washington and saw Kim commit to working towards denuclearization, although critics noted the summit agreement was vague and non-binding. Singapore, an affluent financial hub, was seen as a good choice for the summit due to its warm ties with both the U.S. and North Korea, and reputation for strict order. But some Singaporeans thought welcoming the mercurial leaders was more an annoyance than honor, particularly when Prime Minister Lee Hsien Loong estimated a tiny state would have to shell out S$20 million to host the meeting. However, in the end, cost incurred by the government was about S$16.3 million, the biggest part of which was spent on security, said a ministry of foreign affairs spokesman in a statement. It noted that Singapore had “supported the international efforts to achieve peace and stability on the Korean Peninsula.” As well as the security operation, the Singapore government footed the bill for the delegation from the sanctions-hit North, including Kim’s stay at the luxury St. Regis hotel, according to BBC.
Source: thejakartapost.com

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