Singapore says Trump-Kim summit cost $12 million

Singapore announced that this month's daylong summit between President Trump and North Korean leader Kim Jong-un cost the wealthy city-state approximately $12 million, per Reuters.

The big picture: Singapore's Foreign Ministry said that most of that cash went to security costs, announcing the full amount after local reports hinted at a much higher total. Reuters reports that marketing experts said the cost was worth up to 10 times the amount spent — given the copious branding and breathless media coverage of Singapore's glittering skyline — as it may entice tourists and other visitors.