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Hong Kong company denies that it failed to pay Panama under a contract to operate its canal ports

April 10, 2025 1 min read
author Anamika Mishra, Sub Editor
A Hong Kong-owned port operator at the center of growing U.S.-China tensions has denied allegations that it owes $1.2 billion to the Panamanian government. The Panama Ports Company (PPC), a subsidiary of a major Hong Kong conglomerate, issued a strong response after Panama’s comptroller authority reported alleged irregularities in the renewal of a 25-year concession for port operations along the Panama Canal. The accusations surfaced on the same day U.S. Defense Secretary Pete Hegseth arrived in Panama for a security conference, further drawing international attention to the matter. In a statement on Wednesday, PPC rejected

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