Trump, Kim likely to choose Hanoi for second summit, report says

Trump, Kim likely to choose Hanoi for second summit, report says

07/01/19, 03:41 pm

SINGAPORE (Jan 7):US President Donald Trump and North Korean leader Kim Jong Un could meet in Vietnam’s capital for their second summit on Pyongyang’s nuclear ambitions, the South Korean newspaper Munhwa Ilbo said.

Denuclearisation talks have sputtered since Trump and Kim held an unprecedented June meeting in Singapore, with Washington and Pyongyang each calling on the other to take action. A second summit could address concerns to global security after Kim piled pressure on Trump by threatening in his annual New Year’s address to take a “new path,” if the US didn’t relax economic sanctions.

US officials have met their North Korean counterparts in Hanoi for discussions to adjust scheduling for the talks, the newspaper said, citing high-level diplomatic sources in Seoul and Washington it did not identify. Government officials haven’t commented on the report.

Such a summit would be certain to grab global attention and help boost the profile of the host nation. But it also presents enormous security challenges for Trump, the leader of the world’s biggest economy, and Kim, head of arguably one of the world’s most paranoid states.

Vietnam is a long-standing ally of Pyongyang that has good relations with Washington. Speculation about the country’s prospects as a summit site grew following North Korean Foreign Minister Ri Yong Ho’s visit there from Nov 29-Dec 2.

The South Korean newspaper JoongAng Ilbo previously reported that Mark Lambert, a senior US State Department official handling North Korea issues, visited Vietnam in December. It was unclear whether he was in Vietnam at the same time as North Korea’s foreign minister.

Hanoi -- about a four-hour direct flight from Pyongyang and in airspace over countries friendly to North Korea -- boasts several top-class hotels. Vietnam’s ruling Communist Party also has the security apparatus to squelch protests and keep curious onlookers far away from Trump and Kim.

Trump has previously said he plans to hold a second meeting with Kim as early as this month, although a date and location have not yet been announced. Other places floated as hosts include Singapore, Mongolia and Switzerland.

US sanctions on Huawei could backfire

SINGAPORE (May 27): It was only to have been expected. After nearly a year of pressure that failed to stop Huawei Technologies Co’s expansion -- especially in the rollout of the next generation 5G wireless network globally -- in its tracks, US President Donald Trump signed an executive order effectively barring American firms from doing business with the Chinese telecommunications equipment company. The inclusion of Huawei on the US Department of Commerce’s Bureau of Industry and Security’s (BIS) Entity List means that companies would need to apply for a waiver to supply goods with 25....

Annica chairman Ong quits just as $33 mil goes missing at his law firm JLC

SINGAPORE (May 27): Jeffrey Ong, managing partner of law firm JLC Advisors, may have given instructions to pay out a sum of $33.2 million held in escrow by his firm for a client, Allied Technologies. According to Allied’s statement filed with Singapore Exchange on May 23, the payment may have been “unauthorised”, citing a letter it received from JLC on May 22. Allied’s statement did not specify who the payment was made to. Ong also abruptly resigned as non-executive chairman of Annica Holdings on May 20. In a May 22 filing with SGX, Annica CEO Sandra Liz Hon Ai Ling said Ong resigne....

SGX RegCo sees targeted approach in enforcement, more powerful market discipline

SINGAPORE (May 27): Tan Boon Gin, CEO of stock exchange regulator Singapore Exchange Regulation, says the market can expect a stronger regulatory presence. “You will see a series of enforcement cases coming up quite soon,” he tells The Edge Singapore. Tan’s assertion comes amid significant changes in the market as sentiment remains lacklustre and investors’ expectations change. The local stock market has gone through significant upheaval, not least because of the penny stock crash in 2013 that wiped out some $8 billion in value from the market. The event dented investor sentiment, a....