Latest news with #HutchisonPorts'
Express Tribune
01-03-2025
- Business
- Express Tribune
Hutchison Ports offers $1b investment plan
Listen to article A high-level delegation of Hutchison Ports presented their upcoming investment plan of $1billion, aimed at upgrading existing terminals to enhance operational efficiency, logistics connectivity, and automation to Federal Minister for Finance Muhammad Aurangzeb on Friday. According to press release issued by finance ministry, the delegation was led by Andy Tsoi, Managing Director, Middle East and Africa Division. The delegation briefed the Minister on Hutchison Ports' 25-year presence in Pakistan, where they have been operating two key terminalsHPKICT and HPSAPT. Over this period, the company has contributed more than Rs225 billion in government revenues and has provided employment to a workforce of 5,000 individuals.
South China Morning Post
11-02-2025
- Business
- South China Morning Post
China's ‘top puppet' Elon Musk poses US national security risks: House Democrats
Igor Patrick , Robert Delaney and Bochen Han in Washington Published: 5:10am, 12 Feb 2025 Convened by a House subcommittee on transportation and maritime security, the hearing focused on how China's presence in ports in Panama , Peru and Brazil could affect Washington's interests in the region. US congressman Carlos Gimenez of Florida said Hong Kong -based company Hutchison Ports' operations in two ports on the Atlantic and Pacific sides of the Panama Canal gave Beijing 'a strategic position over one of the world's most important waterways'. '[It] provides the Communist Party with an opportunity to exert influence over commercial shipping, gather intelligence on American and allied vessel traffic and potentially restrict the mobility of our Navy in a time of crisis,' he said. 'The United States cannot and will not accept the scenario where a foreign adversary, one that openly seeks to undermine our global standing, controls infrastructure critical to us, homeland security, military readiness and economic stability,' Gimenez added.
