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BUSINESSAug 21Panama Canal to cut daily transits as El Niño grips regionAuthority plans to reduce number of passages for only the second timeFinancial Times
BUSINESSAug 20Panama Canal to cut daily ship traffic as drought worsens from El NinoThe Panama Canal will limit daily vessel traffic from September 3, the Pnama Canal Authority said Thursday, as a severe drought fuelled by El Nino depletes water supplies needed to operate the vital trade route. The restrictions will reduce crossings from 36 ships a day to 34, and then to 32 from September 15.France 24 [en]
BUSINESSAug 20Hong Kong conglomerate seeks $1 . 5 billion in damages from Panama for takeover of canal portsA Hong Kong conglomerate is seeking $1.5 billion in damages from Panama for the alleged takeover of canal ports. This highlights a major international business and legal dispute.mymotherlode.com · United States
BUSINESSAug 20CK Hutchison seeks US$1 . 5 billion from Panama in treaty dispute arbitrationCK Hutchison is seeking $1.5 billion from Panama through treaty dispute arbitration. This action indicates a major financial disagreement between the company and the country.channelnewsasia.com · United States
BUSINESSAug 20Hong Kong conglomerate seeks $1 . 5 billion in damages from Panama for takeover of canal ports – Winnipeg Free PressA Hong Kong conglomerate is seeking $1.5 billion in damages from Panama following the takeover of canal ports. This represents a major international business and legal dispute.winnipegfreepress.com · Canada
BUSINESSAug 20Panama will Charge ITBMS to Netflix and other platforms . Felipe Chapman Explains How . Panama plans to implement an ITBMS charge on Netflix and other digital platforms. Felipe Chapman will explain the details of this new taxation policy.newsroompanama.com · Panama
BUSINESSAug 20Hong Kong’s CK Hutchison seeks HK$11.7b from Panama over canal ports disputeHong Kong-based CK Hutchison has launched international arbitration against Panama, seeking more than HK$11.7 billion (US$1.5 billion) in damages over the government’s takeover of two strategic ports at the entrances to the Panama Canal. Announcing the move on Thursday, the Li Ka-shing family-backed conglomerate said Panama had breached an investment-protection treaty and international law through “sovereign acts” targeting its decades-old concession to operate the Balboa and Cristobal...South China Morning Post
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