We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
The Tycoon Herald
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Reading: Panama begins audit of Hong Kong firm in nod to Donald Trump
Sign In
The Tycoon HeraldThe Tycoon Herald
Font ResizerAa
Search
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© Tycoon Herald. All Rights Reserved.
Panama begins audit of Hong Kong firm in nod to Donald Trump
The Tycoon Herald > Economy > Panama begins audit of Hong Kong firm in nod to Donald Trump
Economy

Panama begins audit of Hong Kong firm in nod to Donald Trump

Tycoon Herald
By Tycoon Herald 5 Min Read Published January 21, 2025
Share
SHARE

Unlock the White Home Watch publication at no cost

Your information to what the 2024 US election means for Washington and the world

Panama’s authorities on Monday started an audit of a Hong Kong firm that operates ports at both finish of its canal, after US President Donald Trump warned that he wished to take again the waterway over alleged Chinese language affect.

In his inauguration speech on Monday, Trump repeated criticisms he made in current weeks in regards to the Panama Canal, which handles about 3 per cent of worldwide seaborne commerce every year.

In response, Panama’s Workplace of the Comptroller Common revealed a video on social media platform X of about 10 women and men in fits submitting off a bus into the native workplaces of Hong Kong-based Hutchison Ports to start an audit, in a transfer seen as a nod to Trump.

“Today our auditors arrived at [the company] to start an exhaustive audit aimed at guaranteeing efficient and transparent use of public resources,” the comptroller normal’s workplace stated on X.

Hutchison Ports, the ports arm of Hong Kong-listed conglomerate CK Hutchison Holdings, operates 53 ports in 24 international locations together with within the UK, Germany and Hong Kong.

It first gained the concessions to function two ports, one at every finish of the canal, in 1997, the 12 months that Hong Kong was returned to Chinese language rule by the UK. The concessions had been renewed in 2021.

Managed by the household of Li Ka-shing — one of many richest in Asia — CK Hutchison Holdings additionally operates an unlimited world infrastructure portfolio together with Northumbrian Water within the UK and the Australian Fuel Networks.

China doesn’t management the canal, however some officers in Washington are more and more involved about Chinese language firms’ presence within the space. Hong Kong’s authorities has develop into extra carefully aligned with China since a crackdown on pro-democracy protests in 2019 and the introduction of powerful nationwide safety laws.

CK Hutchison didn’t instantly reply to a request for touch upon Panama’s audit.

The US oversaw the constructing of the canal, which opened in 1914, however handed full management again to the Central American nation in 1999. Trump has known as the transfer a “mistake” and has decried the excessive charges.

Charges to cross the canal, which makes use of contemporary water to function its locks, have risen considerably since a serious drought in 2023 led to restrictions and later adjustments in how slots are assigned.

“We have been treated very badly from this foolish gift that should never have been made,” Trump stated. “We didn’t give it to China, we gave it to Panama and we’re taking it back.”

Really useful

Panama begins audit of Hong Kong firm in nod to Donald Trump

Panama has lengthy been one of many closest US allies in Central America and has been making an attempt to halt US-bound migration by means of its infamous Darién Hole. The nation reduce ties with Taiwan to recognise China throughout Trump’s first time period in 2017.

Panama’s President José Raúl Mulino — a legislation and order conservative — on Monday revealed a strongly worded assertion “wholly rejecting” Trump’s phrases and saying the canal would stay Panamanian.

He added that no nation was interfering with the canal’s administration and that dialogue was one of the best ways to resolve the problems Trump raised. He additionally disagreed with Trump’s characterisation of the US returning the canal to Panama.

“The canal wasn’t given by anyone, it was the result of a generational fight that culminated in 1999,” he wrote on X.

 

You Might Also Like

US staff hit by slowing earnings development

UK commerce cope with Gulf states ‘almost done’ after Rachel Reeves go to

Nexperia faces ‘existential threat’ after Dutch seizure, Chinese language proprietor warns

Federal Reserve nears finish of QT amid indicators of stress in cash markets

FirstFT: US expects China to delay uncommon earth export controls

TAGGED:auditbeginsCompanyDonaldHongKongnodPanamaTrump
Share This Article
Facebook Twitter Email Copy Link Print
Nigerian Nobel winner Wole Soyinka says U.S. revoked his visa after Trump criticism
World

Nigerian Nobel winner Wole Soyinka says U.S. revoked his visa after Trump criticism

Nobel Prize laureate Wole Soyinka speaks to The Related Press throughout an interview at freedom park in Lagos, Nigeria, in 2021. Sunday Alamba/AP conceal caption toggle caption Sunday Alamba/AP Nobel…

By Tycoon Herald 3 Min Read
Rick Springfield Says Air Journey is Like ‘Russian Roulette’ within the Sky
October 30, 2025
United Cup 2026: Emma Raducanu, Jack Draper signal as much as play for Nice Britain in Australian mixed-teams occasion
October 30, 2025
‘Teen Mother’ Star Cory Wharton Talks Child Lady’s Profitable Coronary heart Surgical procedure
October 30, 2025
As Darfur’s final metropolis falls, fears develop ‘there will likely be nobody left to avoid wasting’
October 30, 2025

You Might Also Like

FirstFT: EU leaders stall Ukraine mortgage utilizing frozen Russian property
Economy

FirstFT: EU leaders stall Ukraine mortgage utilizing frozen Russian property

By Tycoon Herald 7 Min Read
Buyers wager on Argentine peso devaluation after weekend elections
Economy

Buyers wager on Argentine peso devaluation after weekend elections

By Tycoon Herald 5 Min Read
The worldwide struggle over monetary stability
Economy

The worldwide struggle over monetary stability

By Tycoon Herald 12 Min Read

More Popular from Tycoon Herald

MEET THE FATHER OF COADUNATE ECONOMIC MODEL
BusinessTrending

MEET THE FATHER OF COADUNATE ECONOMIC MODEL

By Tycoon Herald 2 Min Read
Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

By Tycoon Herald
Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments
InnovationTrending

Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments

By Tycoon Herald 7 Min Read
Business

TikTok disputes US claims on China ties in court docket enchantment By Reuters

By Jody Godoy (Reuters) - TikTok instructed a federal appeals court docket on Thursday that the…

By Tycoon Herald
Sports

Olympics 2024: Skateboarding star Sky Brown grabs bronze in ladies’s ultimate having dislocated her shoulder

British skateboarding star Sky Brown secured a bronze medal on the Paris Olympics on Tuesday, regardless…

By Tycoon Herald
Trending

U.S. Blew Up a C.I.A. Post Used to Evacuate At-Risk Afghans

A controlled detonation by American forces that was heard throughout Kabul has destroyed Eagle Base, the…

By Tycoon Herald
Leadership

Northern Lights: 17 Best Places To See Them In 2021

Who doesn’t dream of seeing the northern lights? According to a new survey conducted by Hilton, 59% of Americans…

By Tycoon Herald
Real Estate

Exploring Bigfork, Montana: A Little Town On A Big Pond

Bigfork, Montana, offers picturesque paradise in the northern wilderness. National Parks Realty With the melting of…

By Tycoon Herald
Leadership

Leaders Need To Know Character Could Be Vital For Corporate Culture

Disney's unique culture encourages young employees to turn up for work with smiles on their faces.…

By Tycoon Herald
The Tycoon Herald

Tycoon Herald: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Terms of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© Tycoon Herald. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?