Panamanian President Jose Raul Mulino, after talks with US Secretary of State Marco Rubio, said that the country's government would not extend the memorandum of understanding with China on the "One Belt— One Road" initiative.

Panama has decided to step away from a major global project led by China. The country’s president, José Raúl Mulino, announced that it will not renew its deal with China’s Belt and Road Initiative (BRI).

Any move by Panama to distance itself from Chinese President Xi Jinping’s signature project is a win for Washington. Read more at straitstimes.com.