- North Korean Leader Kim Jong Un, US President Donald Trump meet in Hanoi
- Vietjet signs US$18 billion worth of contracts during United States – North Korea Summit
- Singtel, Axiata Digital collaborates to grow cross-border payments
- ICTC 2019 to feature 15 renowned innovators in construction
- At least 60 people buried in mine collapse in Indonesia
- Concentration of Power Is Altering the Internet Economy
North Korean Leader Kim Jong Un, US President Donald Trump meet in Hanoi
North Korean leader Kim Jong Un and Donald Trump met in Hanoi on Wednesday for their second summit, with the US president saying he was not walking back on US demands for North Korea’s denuclearisation. Trump told reporters he thought the talks would be very successful, while he was “not walking back on denuclearisation”. Kim said they had overcome obstacles to hold the summit in Vietnam and had needed patience since their first meeting in Singapore last year. He said he hoped these talks would be successful. Trump and Kim are scheduled to hold a 20-minute, one-on-one chat followed by a dinner with aides. Trump will be accompanied by Secretary of State Mike Pompeo and acting Chief of Staff Mick Mulvaney. Kim will be joined by his top envoy, Kim Yong Chol, and Foreign Minister Ri Yong Ho. On Thursday, the two leaders will hold “a series of back and forth” meetings, the White House said. The venue has not been announced. At their historic first summit in Singapore last June, Trump and Kim pledged to work toward denuclearisation and permanent peace on the Korean peninsula.
Vietjet signs US$18 billion worth of contracts with Boeing and General Electric
during United States – North Korea Summit
Vietnamese airline Vietjet officially signed a firm order with airplane manufacturer, Boeing Company to purchase 100 new 737 MAX airplanes worth US$12.7 billion according to the manufacturer’s list prices, increasing the airline’s total order with Boeing to 200 airplanes so far. The signing ceremony which took place on the sidelines of the United States – North Korea Summit in Hanoi, was witnessed by Vietnam Communist Party General Secretary and President, Nguyen Phu Trong and United States President, Donald Trump. In addition to airplane purchases, Boeing will partner with Vietjet to enhance technical and engineering expertise, train pilots and technicians, and improve management capabilities at the airline and in Vietnam. Vietjet’s airplane purchase order also contributes to increase trade turnover between the United States and Vietnam. Vietjet and General Electric also signed a long-term Engine Support Agreement to equip its fleet with LEAP-1B engines, which is valued at US$5.3 billion according to the manufacturer’s list prices. The agreement includes spare engines and support packages to facilitate the airline’s already-ordered new and modern aircraft. The finalisation of the agreement with General Electric brings the total value of signed deals between Vietjet and US companies on this occasion to US$18 billion.
Singtel, Axiata Digital collaborates to grow cross-border payments
Singapore-communications group, Singtel Group and Axiata Digital, have signed a memorandum of understanding (MoU) to collaborate in mobile financial and digital services that will support ASEAN’s efforts to grow the digital economy. In a statement, Axiata said the agreement would pave the way for ‘Boost Malaysia’, Axiata digital’s mobile wallet, to join VIA, the Singtel Group’s cross-border mobile payment alliance, and grow its footprint beyond Singapore and Thailand to Malaysia. “As Malaysia’s leading mobile wallet, Boost Malaysia will add over 66,000 merchant points to the alliance’s network, expanding the reach of the payment service for millions of Singtel Dash and AIS GLOBAL Pay users already on VIA,” it added.
ICTC 2019 to feature 15 renowned innovators in construction
Fifteen world-renowned innovators in construction from Malaysia and abroad will share their success stories and discuss various approaches to enhance construction industry performance in the International Construction Transformation Conference (ICTC) 2019 in Kuala Lumpur next month. Construction Industry Development Board Malaysia (CIDB) chief executive Datuk Ir. Ahmad Asri Abdul Hamid said the two-day conference will be held at the Malaysia International Trade and Exhibition Centre (MITEC) on March 18 and 19. Held in conjunction with International Construction Week (ICW), ICTC, hosted by the Works Ministry and co-organised by CIDB, will be a key platform to promote international best practice in construction, driving conversations and experience-sharing in the areas of technology and innovation,” he said.
At least 60 people buried in North Sulawesi mine collapse
• A landslide in an unauthorized gold mine in North Sulawesi, on Tuesday night has buried at least 60 miners, the National Disaster Mitigation Agency (BNPB) said. BNPB spokesperson Sutopo Purwo Nugroho said the landslide occurred at 9 p.m. when the mine’s supporting beams and planks collapsed on account of unstable soil conditions. “As of 5 a.m. local time, 14 people have been evacuated with one dead and 13 injured,” Sutopo said in a statement on Wednesday. He said recovery efforts were still ongoing as many of those buried were thought to still be alive.
Concentration of Power Is Altering the Internet Economy
The Internet Society (ISOC), a global non-profit dedicated to ensuring the open development, evolution, and use of the Internet, today released the “2019 Global Internet Report — Consolidation in the Internet Economy.” The report notes the growing influence of a few powerful players in the Internet economy, and it explores what that could mean for the future of digital communications, connectivity and commerce. From the dominance of Facebook in social messaging, Google in search, and Amazon in online shopping, the largest Internet platforms are capturing fundamental human interactions. These industry giants already dominate the web and other Internet applications, and are expanding into new service and content areas as they work to retain existing customers and fuel revenue growth. As a result, the report suggests, key stakeholders need to assess how best to address industry concentration as it relates to customer choice, interoperability, regulation, and resiliency. “This Global Internet Report tells us that the Internet Society has a great deal of work to do,” said Internet Society President and CEO Andrew Sullivan. “We must understand what concentration and consolidation on the Internet mean, both for its architecture and for the wider society that depends on it. We must understand what is really happening to the Internet in order to ensure that we build the Internet for everyone.”