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Before establishing Singapore, Raffles was the Lieutenant Governor of Java from 1811 to 1815. In 1818 he was appointed to Bencoolen . Realising how the Dutch were monopolising trade in the Malay Archipelago , he was convinced that the British needed a new trading colony to counter Dutch trading power.
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Then, Raffles arrived in Singapore on 28 January 1819. [1] He immediately arranged to meet with the Temenggong , Abdul Rahman , [ 1 ] the local noble in charge of maintaining law and order. [ 18 ] They signed a provisional agreement two days later to allow the UK to establish a trading post there, and the Union Jack was hoisted. [ 1 ]
1858: The commercial square was later renamed Raffles Place. 1890: Change Alley acquired its name after a trading hub known as Exchange Alley in London and maybe from the large number of Indian money changers there.[4] It became a place where locals conducted barter trade with regional sea merchants and Europeans.
Malaysia The Raj of Sarawak , Kingdom of Sarawak or State of Sarawak , was a kingdom founded in 1841 in northwestern Borneo and was in a treaty of protection with the United Kingdom from 1888. It was formed from a series of land concessions acquired by the Englishman James Brooke from the Sultan of Brunei .
1887: Raffles Hotel, Singapore. 1889: Eastern & Oriental Hotel formed as a result of the renaming of the Oriental Hotel, and the selling of the Eastern Hotel. 1901: Strand Hotel, Rangoon (Yangon), Burma (Myanmar). Sold by the brothers in 1925. 1905: Crag Hotel, Penang Hill, Malaysia. [7] [8] Sold to Federated Malay States Railways in 1925 ...
Money changers would assess a foreign coin for its type, wear and tear, and validity, then accept it as deposit, recording its value in local currency. The merchant could then withdraw the money in local currency to conduct trade or, more likely, keep it deposited: the money changer would act as a clearing facility.
The early history of Singapore refers to its pre-colonial era before 1819, when the British East India Company led by Stamford Raffles established a trading settlement on the island and set in motion the history of modern Singapore. Prior to 1819, the island was known by several names.