Trump and Kim Arrive in Singapore for Historic Summit Meeting -NYT

Getting to Yes With Kim Jong-un There are of course no guarantees that Donald Trump’s upcoming summit with the North Korean leader will succeed. What is clear is that successful denuclearization will require a combination of bold political decisions – say, formally ending the Korean War, opening liaison offices, or relaxing some economic sanctions – and realistic prudence. -Project Syndicate

A test of wills between Washington and Beijing On Asia’s major flashpoints — North Korea, Taiwan and the South China Sea — the Trump administration is far less inclined than its predecessors to look the other way as threats have mounted. (A parallel economic pushback is under way with the imposition of sanctions for China’s unfair trade practices.) -The Hill

The Shape of Sino-American Conflict -Project Syndicate

2047 = AROUND THE CORNER Number of Hongkongers planning to leave for new lives in Canada jumps 30 per cent as experts warn of brain drain Fears over high cost of living and political changes in city among suggested motives for rise in emigration applications -SCMP

THE RHETORIC At Shanghai Cooperation Organization summit, Xi extols free trade as G7 meeting ends in disarray -The Japan Times

THE REALITY India refuses to endorse China’s Belt and Road Initiative in SCO summit statement China’s Belt and Road Initiative (BRI) is an ambitious multi-billion inter-continental connectivity mission. The 17-page joint SCO declaration said all other seven member countries had endorsed the project and agreed to work towards implementing it. -Hindustan Times

ELECTION WATCH JAPAN Ruling coalition-backed candidate wins Niigata gubernatorial election A candidate backed by the ruling coalition won the tight Niigata gubernatorial election Sunday, boding well for the administration of Prime Minister Shinzo Abe who is facing cronyism allegations and declining approval ratings. -Mainichi

ELECTION WATCH INDIA As election looms, Modi's popularity wanes in rural India -Reuters

New Government, New Opportunities in Far-From-Failing Timor-Leste After nearly a year of political deadlock following the 2017 parliamentary elections, on May 12 Timor-Leste’s citizens elected a new government, with Xanana Gusmao the likely new prime minister. The parliamentary power his Change for Progress Alliance coalition might wield is little different from the power it was prohibited from wielding under the previous government. -News Lens



U.S. security panel approves Oceanwide purchase of Genworth A U.S. panel that reviews foreign investments for potential national security threats has approved China Oceanwide Holdings Group’s [OWREAC.UL] purchase of insurer Genworth Financial (GNW.N), the two companies said on Saturday. -Reuters

Tencent tumbles, weighing on Hang Seng index as US takes aim at Google’s ties with Chinese firms -SCMP

Chinese academics say ZTE case should kill old notion of ‘breakable contracts’ More Chinese companies should examine their compliance practices in the wake of ZTE saga if they want to expand overseas -SCMP

Japan’s auto industry body ‘gravely concerned’ about Trump’s launch of national security probe -The New York Times

Airbnb's Japan purge threatens to trigger 30,000 cancellations US company sets aside $10m to soothe panicked travelers -Nikkei

Amazon Blasted Over China Echo Factory Conditions -Bloomberg

Vietnam protesters clash with police over new economic zones Protests have broken out in Vietnam against plans for three new economic zones, amid fears that Chinese investors will dominate the areas. -BBC

Another day, another alleged Indian crypto Ponzi scheme Amit Lakhanpal said he had a global empire, a Lamborghini and knew movie stars and royalty. Now allegedly he's on the run and $75 million is missing -The Asia Times

A wake-up call for Singapore’s blockchain companies In late May, the Monetary Authority of Singapore (MAS) issued a warning to eight digital token exchanges, prohibiting them from trading digital tokens that are securities or futures contracts without approval. -Tech-in-Asia

Malaysia Steps Up $4.5 Billion Corruption Inquiry The United States Department of Justice estimates that $4.5 billion went missing from the fund, 1 Malaysia Development Berhad, known as 1MDB, which was established and overseen by the former prime minister Najib Razak — including $731 million that it says was deposited into Mr. Najib’s own bank accounts. -NYT

Indonesia’s Booming Tourism Industry What growth in Indonesia’s tourism sector tells us about Jokowi’s economic policies. -The Diplomat


China Factory Inflation Accelerates on Rising Commodity Prices Prices of products from crude oil and natural gas extractors surged 7.5 percent in May from a month earlier, while a robust steel market boosted metal prices, the NBS said in a statement released with the data. -Bloomberg

Foxconn leverages Xi's hopes to raise $4.2bn iPhone assembler's IPO coincided with US-China tech competition -Nikkei

India raises key rate for first time since 2014, retains 'neutral' stance -Reuters 

Rio Tinto moves into cleaner resources to chase electric vehicles Global miner shifts focus to lithium after exit from coal. -Nikkei

Bitcoin Tumbles Most in Two Weeks Amid South Korea Hack -Bloomberg

$1b Loans From ADB to Support Indonesia's Fiscal, Investment Reforms The Asian Development Bank has approved $1 billion in policy-based loans to support Indonesia's reforms in public expenditure, and to improve the country's investment climate. -Jakarta Post