Assembly OKs $5M to Hire Law Firms for Panama’s Mining Arbitrations
Panama’s Budget Commission approved $5.015M to hire Eversheds Sutherland and Wordstone to defend the state in separate mining arbitrations brought by Petaquilla and Orla.
Panama’s Budget Commission approved $5.015M to hire Eversheds Sutherland and Wordstone to defend the state in separate mining arbitrations brought by Petaquilla and Orla.
A Hutchison Ports unit has filed an arbitration claim exceeding $2 billion after describing a takeover of its Panama port concession as “unlawful,” raising stakes for the country’s port sector and investors.
CK Hutchison has expanded international arbitration claims against Panama over port operations at Balboa and Cristóbal, alleging losses that now exceed US$2 billion following a January ruling.
Turkiye Is Bankasi has approved a plan to open a Hong Kong office and is awaiting Turkish regulatory clearance before applying to the HKMA, underscoring Hong Kong’s role as a bridge between Asia and the Middle East amid regional tensions.
Two international friendlies between Bafana Bafana and Panama could cost R85m; Panama, ranked 33rd, has been endorsed by coach Hugo Broos, and the squad named includes goalkeeper Ronwen Williams.
A rise in fuel costs has led Metrobus operators in Panama to reduce off-peak frequencies, prompting commuters to change travel times and seek alternatives.
CK Hutchison has told maritime media that its arbitration claim against Panama now exceeds $2 billion, a development that could draw scrutiny given Panama’s role in regional trade. Details on the forum and legal grounds remain limited.
CK Hutchison’s Panama Ports Company says damages from an “illegal takeover” of Balboa and Cristóbal terminals have topped US$2 billion and has expanded international arbitration claims against Panama.
CK Hutchison has expanded a claim related to its Panama port interests as reported losses linked to those operations exceed US$2 billion, according to the South China Morning Post.
Panama has launched a high-level commission and unveiled short-term measures to shield consumers from the global energy crisis, including freezing Metrobus fares and the price of 25-lb cooking gas.
Taipei is seeking to become an Asia‑Pacific drone manufacturing hub by creating a supply chain independent of mainland China, a strategy framed as a “democratic supply chain” but challenged by scale, politics and timing.
A March 25, 2026 report says Panamanian golden frogs have been observed in the wild for the first time since 2009, a development tied to human monitoring amid past fungal disease threats.
Hong Kong stocks rose after signs of a diplomatic path in the Iran conflict eased geopolitical risk, lifting the Hang Seng, Hang Seng Tech and mainland Chinese indices.
Panama’s Cabinet approved a B/.13,454,329 supplemental credit to the Ministry of Public Security to fund strategic investment and training projects for the Servicio Nacional Aeronaval. The funds come from an insurance indemnity claim and received approvals from MEF, CENA and the Comptroller.
Xinjiang is using mountain meltwater to develop a large inland trout industry as the region diversifies from cotton amid overseas import bans and rising domestic demand for salmon.
The MEF has requested $30 million to remediate lands the Panama Canal Authority acquired—linked to U.S. ammunition—and to cover international arbitration claims against the state, EIN Presswire reports.
The Philippine president declared an energy emergency as the Iran war puts pressure on global fuel markets; transport unions slammed the move as a “superficial band-aid” amid rising fuel strain.
Chinese consumer stocks in Hong Kong jumped after strong full-year earnings, led by Laopu Gold, but analysts say gains reflect structural shifts rather than a broad consumer recovery.
President Ferdinand Marcos Jr. declared a year-long national emergency as fuel supplies in the Philippines begin to dwindle, elevating energy security concerns and potential economic impacts.
Residents of Barrio Colón are protesting the closure of El Limoncillo road, closed by the Ministry of Public Works since March 17, and demanding its reopening due to major mobility impacts.
