Panama will not be threatened by China over canal court ruling, leader says [Yahoo! Finance Canada]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
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Source: Yahoo! Finance Canada
“Panama is a dignified country and will not allow itself to be threatened by any country on earth,” Mulino said in his morning press briefing, responding to rebukes by the Chinese government. Mulino's comment comes a week after Panama's Supreme Court ruled that a concession held by a subsidiary of Hong Kong's CK Hutchison Holdings in the Panama Canal was unconstitutional. The court's decision was seen as a win for President Donald Trump, who aims to block Chinese influence over the strategic waterway. The push by the U.S. thrust the Central American nation into the center of a geopolitical tug-of-war. China warned Panama would pay “a heavy price” if the Panamanian ruling was upheld. Hong Kong's CK Hutchison Holdings said it strongly disagreed with last week's ruling, and on Wednesday its subsidiary announced it had started arbitration proceedings against Panama Mulino said that until the court's ruling is executed — a period of time he did not specify — Panama's Maritime Au
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