Cyprus Mail
World

Singapore says Trump-Kim summit cost just $12m, after some question expenses

US President Donald Trump and North Korea's leader Kim Jong Un

Singapore said on Sunday it spent S$16.3 million ($12 million) on hosting the summit between U.S. President Donald Trump and North Korean leader Kim Jong Un, less than earlier reports that had angered some locals.

Most of the money went on security, the foreign ministry said, without giving a detailed breakdown.

Prime Minister Lee Hsien Loong had earlier estimated the event cost Singapore S$20 million. Foreign minister Vivian Balakrishnan had said that included the cost of Kim’s hotel room.

Those reports drew anger from some Singaporeans on social media – though one commentator said it was a small price to pay – the cost of a chicken-rice dish for each citizen – to contribute to regional peace.

Marketing experts said the publicity generated from hosting the summit could be worth more than 10 times the cost to the tiny Southeast Asian city-state.

Trump and Kim spent each spent three days in Singapore for the June 12 summit where the two pledged to work on ending North Korea’s nuclear programme and improve ties.

Related posts

Smokers who switch to vaping rapidly boost heart health in trial

Reuters News Service

Roger Stone found guilty of lying and obstruction

Reuters News Service

Ousted US envoy to Ukraine tells impeachment hearing she had no political agenda

Reuters News Service

In win for protesters, Chile to vote on Pinochet-era constitution

Reuters News Service

Police look for motive behind California school shooting

Reuters News Service

Bolivia’s duelling parties strike deal to end political chaos

Reuters News Service