PANAMA CITY, March 5 — The decision by Hong Kong firm CK Hutchison to sell its Panama ports to a US-led consortium provides the Central American country with a convenient way out...
From ‘subsidy’ to ‘51st state’: Here’s a fact-check on Trump’s Canada claims and why they don’t add upThe decision by Hong Kong firm CK Hutchison to sell its Panama ports to a US-led consortium provides the Central American country with a convenient way out of its standoff with President Donald Trump .
Panama rejected the claim that China had de facto control over the canal, which handles 40 per cent of US container traffic, while taking various actions to appease Trump. Panama’s government insisted that it had no hand in Hutchison’s sale, insisting it was a deal “between private companies”. In January, his government ordered an audit of Hutchison’s Panamanian subsidiary, Panama Ports, in what was seen as a shot across the bow at the group owned by businessman Li Ka-shing, one of Asia’s richest men.“In the Trump era, business is the new geopolitics,” Sabrina Bacal, a Panamanian political scientist, told AFP.
On a visit to Panama two weeks later, US Secretary of State Marco Rubio issued Mulino with an ultimatum to immediately reduce Chinese influence on the canal or face unspecified “measures.”
Donald Trump Blackrock Hong Kong China Panama
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Panama Ditches China's Belt and Road Project Amid US Pressure Over Panama CanalPanama's president announces withdrawal from China's Belt and Road initiative, citing limited benefits and escalating tensions with the US over the Panama Canal.
Read more »
China Condemns US Pressure on Panama Over Chinese Investment in Panama CanalTensions escalate between the US and China as Secretary of State Marco Rubio's visit to Central America sparks a diplomatic dispute over Panama's relationship with China.
Read more »
Hong Leong Asset Management Declares RM241 Million Income DistributionHong Leong Asset Management Bhd (HLAM) has announced a significant income distribution of RM241 million across seven funds for the year 2024. Despite facing a turbulent global economic environment and volatile market conditions, HLAM maintained its dedication to providing consistent returns for its investors. The conventional retail funds showcased impressive distribution yields, with Hong Leong Value Fund leading the pack at 8.55 percent, followed by Hong Leong Dividend Fund (7.10 percent), Hong Leong Growth Fund (7.55 percent), Hong Leong SEA-5 Equity Class A Fund (6.51 percent), and Hong Leong Balanced Fund (5.29 percent). HLAM's Islamic retail funds, Hong Leong Dana Makmur and Hong Leong Dana Maa’rof, also delivered respectable distribution yields of 5.10 percent and 4.29 percent, respectively. In a statement, Chue Kwok Yan, the Executive Director and Chief Executive Officer of HLAM, emphasized the company's commitment to prioritize investments in companies with strong fundamentals and growth potential, ensuring sustainable returns for investors.
Read more »
Global Scholars Converge in Hong Kong at Hong Kong Baptist University’s InauguralHONG KONG SAR - Media OutReach Newswire - 28 February 2025 - Hong Kong Baptist University (HKBU)’s inaugural International Interdisciplinary Research ...
Read more »
Panama rejects US free passage claim over canal, pulls out of China’s Belt and Road InitiativePANAMA CITY, Feb 7 — Panama yesterday rejected the United States’ claim of securing free passage for its government vessels through the Panama Canal, while bowing to US...
Read more »
DBS Hong Kong Unveils “Culinary Delights”HONG KONG SAR - Media OutReach Newswire - 6 February 2025 - DBS Bank (Hong Kong) Limited (”DBS Hong Kong”) is thrilled to unveil its latest marketing ...
Read more »