Towards the end of the 19th century, the Wong Chang family founded Almacen 99, a hardware and fabric store, in the city of Colon, and continued to expand. Ricardo Alberto Martinelli Berrocal was the chain’s Citibank account executive. In 1981, Mr. Martinelli was offered the position of Almacen 99 administrator, and the chain became...
Daily Archives: September 30, 2009
Canal Revenue in Times of Economic Crisis and Piracy
According to Wall Street Journal reports, the Panama Canal’s total revenue for the first seven months of this year rose 9 percent to $836 million from the same period (January through July) a year earlier, though the volume shipped fell 4.5 percent to 24.7 million tons. The rise is a result of a toll increase...
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