US, Panama discuss ‘importance’ of audit on CK Hutchison’s Panama ports

A senior United States official has discussed the importance of an ongoing audit of CK Hutchison’s management of two ports at the Panama Canal with the country’s foreign minister, amid controversy surrounding the Hong Kong company’s sales of the facilities.

Panamanian authorities announced their audit of Hong Kong tycoon Li Ka-shing’s CK Hutchison in January after US President Donald Trump declared his intention to take back the Panama Canal, which he claimed was under China’s control.

The row soon escalated after CK Hutchison surprised markets in March by announcing it was selling all its overseas port operations, including the two in Panama, to a group led by investment firm BlackRock in a deal worth US$23 billion. The deal drew the ire of Beijing, which later said it would launch an antitrust probe into the arrangement.

On Friday, US Deputy Secretary of State Christopher Landau spoke with Panamanian Foreign Minister Javier Martínez-Acha on further advancing the two countries’ ties, while also addressing the issue of the port deal.

“The Deputy Secretary also recognised Panama’s actions in curbing malign [Communist Party of China] influence and discussed the importance of Panama’s ongoing audit of Hutchison’s management of concessions of two ports at either end of the Panama Canal,” US State Department spokeswoman Tammy Bruce said on Friday.

CK Hutchison surprised markets by announcing it was selling part of its ports operations to BlackRock in a US$23 billion deal. Photo: Sam Tsang
CK Hutchison surprised markets by announcing it was selling part of its ports operations to BlackRock in a US$23 billion deal. Photo: Sam Tsang

“The Deputy Secretary and the Foreign Minister pledged to work closely to support the safety, security, and prosperity of United States and Panama.”

Source link

Visited 1 times, 1 visit(s) today

Related Article

Hong Kong housing body prepares new round of contracts targeting well-off tenants

Hong Kong housing body prepares new round of contracts targeting well-off tenants

Hong Kong’s second-largest public housing provider plans to send out a fresh round of tenancy agreements in September that will require well-off residents to pay extra rent, with those who refuse expected to move out in four months, the group’s chairman has said. Ling Kar-kan, Hong Kong Housing Society chairman, also said on Saturday the

Hong Kong police probe deaths of 4 dogs from suspected poisoning

Hong Kong police probe deaths of 4 dogs from suspected poisoning

At least four dogs in a rural area in Hong Kong have died from suspected poisoning, prompting a police investigation. Police received a report at around 8am on Friday from a pet owner on Kwu Tung South Road in Sheung Shui who said two of his dogs had gone missing and four others were dead

2 injured after truck slips down slope and crashes into car in Hong Kong

2 injured after truck slips down slope and crashes into car in Hong Kong

Two people have been sent to hospital with minor injuries after a light truck slipped down a slope and struck a private car in Hong Kong. Police were alerted to the accident at 1.20pm on Saturday. The incident took place at No 175 Shatin Pass Road, outside Wong Tai Sin’s Fat Jong Temple. The light

What lessons can be learned from case of Hong Kong girl who was shaken to death?

What lessons can be learned from case of Hong Kong girl who was shaken to death?

The death of Leung Nga-sze at the hands of her father has raised concerns about Hong Kong’s foster care system, with the infant’s murder taking place just months after she was returned to her mother. Lau Kai-ping, 42, was convicted of murder and sentenced to life in prison on March 26, with Madam Justice Anna

Hong Kong urged to axe civil service perks after HK$300 million spent on holiday bonuses

Hong Kong urged to axe civil service perks after HK$300 million spent on holiday bonuses

Hong Kong lawmakers have called for scrapping some civil service benefits amid a budget deficit, as the government revealed it spent more than HK$300 million (US$38.6 million) a year on holiday bonuses and another HK$5 million on recreational facilities. But the government defended the benefits, saying they were included in employment contracts and could help

The department earlier launched schemes targeting the top 1 per cent of high water consumers to help reduce their usage. Photo: Sam Tsang

Hongkongers’ water usage drops by 12% compared with during peak of pandemic

Hongkongers’ water usage has dropped by 12 per cent compared with during the peak of the Covid-19 pandemic, a city official has said. Director of Water Supplies Roger Wong Yan-lok also said on Saturday that the government was still deciding how much to adjust prices by, about nine months after his organisation floated the idea.

Low visibility as fog blankets Hong Kong amid band of rain and clouds

Low visibility as fog blankets Hong Kong amid band of rain and clouds

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. New users who download our updated app get a seven-day free trial. Hong Kong was shrouded in fog on Saturday, as a band of rain and clouds covered the coast of Guangdong. While it

As Trump tariffs threaten US bulk orders, where can Hong Kong manufacturers turn?

As Trump tariffs threaten US bulk orders, where can Hong Kong manufacturers turn?

Hong Kong manufacturers should hold no illusions about getting more bulk orders from the United States going forward, with the escalating trade war representing a chance for them to turn into “value-adders” supporting mainland Chinese companies going global, sector representatives have said. Industry veterans on Saturday also encouraged their peers to turn to markets in

Only 1 in 10 Hong Kong non-government workers enjoys flexible schedules: survey

Only 1 in 10 Hong Kong non-government workers enjoys flexible schedules: survey

Only about 10 per cent of workers outside the government sector in Hong Kong have benefited from flexible work arrangements, according to official figures, with some experts saying local companies have been slow to adopt such a policy over cost and productivity concerns. Allen Cheung, who works in insurance and is in his late thirties,

A bowl of street-style siu mai from a store in Cheung Sha Wan. Photo: Jonathan Wong

Siu mai saviour? Hong Kong group aims to preserve and promote dim sum staple

Hongkonger Andrew Wong Tsz-san is more passionate than most about Cantonese dim sum staple siu mai, a dish that inspired him to create an online group to gather fans of the street food favourite. The freelance advertising professional, who is now the author of a book on the much-loved yellow-coloured dumplings, co-founded the Hong Kong

Opinion | How Hong Kong can reimagine its greatest asset: people’s homes

Opinion | How Hong Kong can reimagine its greatest asset: people’s homes

Hong Kong’s public finances are crumbling. For decades, the city’s fiscal health relied heavily on land sales. Between 2012 and 2022, land sales contributed an average of 14 per cent of government revenue. However, in 2024-25, land sales plunged to just 1 per cent of revenue, or about HK$6.6 billion (US$848 million), a stark contrast

https://www.thestandard.com.hk/breaking-news/section/4/231554/Rosanna-Law-summarizes-Beijing-visit

Rosanna Law summarizes Beijing visit

Secretary for Culture, Sports, and Tourism Rosanna Law Shuk-pui on Friday summarized her first official visit to Beijing since taking office. During her trip, she met with Xia Baolong, the director of the Hong Kong and Macau Affairs Office, to discuss various initiatives and collaborations. Law reported that Xia showed a keen interest

Portraits of a woman smiling slightly and a man turned in profile with one finger to his lips.

‘You Must Take Part in Revolution’

In just the law few weeks, the Trump administration has attempted to deport student protestors on the basis of their pro-Palestine views; enlisted police to help execute what Democratic lawmakers described as a “hostile takeover” of the U.S. Institute of Peace, a congressionally funded think tank; and claimed falsely that Kyiv, not Moscow, was responsible

HONG KONG, CHINA - MARCH 30: General view the stadium as fireworks are set off after women's team New Zealand and men's team Argentina win the cup finals during the HSBC Hong Kong Sevens at Kai Tak Stadium on March 30, 2025 in Hong Kong, China.  (Photo by Sean Chiu/Eurasia Sport Images/Getty Images)

Hong Kong’s Airport Will Get a Standalone Art Storage Facility

Hong Kong‘s international airport will have an art storage facility that will open later this year or early next year, reports the South China Morning Post. The temperature-controlled facility will be part of a “comprehensive system for family offices” in the city, according to Jason Fong, the global head of family office at InvestHK. InvestHK

Number of non-local homebuyers in Hong Kong more than triples in 2 years

Number of non-local homebuyers in Hong Kong more than triples in 2 years

The number of non-local homebuyers in Hong Kong has more than tripled over the past two years, official data shows, a jump that experts have attributed in part to the government’s scrapping of property market cooling measures. But the number of transactions by local buyers increased by only 14 per cent between 2023-24 and 2024-25,

NPA Cracks Down on Child Pornography in International Investigation; 544 People Uncovered

NPA Cracks Down on Child Pornography in International Investigation; 544 People Uncovered

Yomiuri Shimbun file photoThe National Police Agency The Yomiuri Shimbun 17:28 JST, April 4, 2025 The National Police Agency announced on Friday that 544 people have been arrested or uncovered for posting images of child pornography on the internet or committing other similar crimes. The announcement follows intensive police crackdowns in six countries and regions, including

Hong Kong police arrest 4 from Guangxi over string of luxury home burglaries

Hong Kong police arrest 4 from Guangxi over string of luxury home burglaries

Hong Kong police have arrested four mainland Chinese linked to a burglary gang from Guangxi autonomous region on suspicion of stealing jewellery and cash worth HK$375,000 (US$48,200) from luxury residences between January and April. Lam King-nin, a senior inspector from the Western district crime squad, said on Friday the suspects, who entered the city illegally

Commissioner of Customs and Excise Chan Tsz-tat said his department will invite tobacco companies to join a pilot scheme later this year. Photo: Sun Yeung

Hong Kong customs aim to fully launch tobacco laser labels by June 2027

A label scheme to identify legitimate tobacco products in Hong Kong will be fully implemented by June 2027, authorities have revealed. Responding to an inquiry by lawmaker Edmund Wong Chun-sek, Commissioner of Customs and Excise Chan Tsz-tat said his department would invite tobacco companies to join a pilot scheme later this year. “Having considered the

0
Would love your thoughts, please comment.x
()
x