George Town Central Business District, Penang
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George Town Central Business District, Penang
The George Town Central Business District (CBD) is the financial and political centre of the city of George Town, the capital of the Malaysian state of Penang. The financial district, which was first envisioned by the Penang Island City Council's Local Plan 2030, lies entirely within the city centre, and is home to much of the city's banking and financial services. The term CBD is often used interchangeably with Downtown George Town, encompassing both the historic core and modern sections of the city centre. Background Beach Street is one of the oldest streets in George Town, and has been the mercantile and financial hub of the city since its early days. During the 19th century, the street was located adjacent to the old Port of Penang; European traders and merchants were concentrated around its northern end, near the piers and administrative institutions at Light Street. In 1875, the Chartered Bank of India, Australia and China (now Standard Chartered) became the first int ...
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Central Business District
A central business district (CBD) is the commercial and business centre of a city. It contains commercial space and offices, and in larger cities will often be described as a financial district. Geographically, it often coincides with the "city centre" or "downtown". However, these concepts are not necessarily synonymous: many cities have a central ''business'' district located away from its commercial and or cultural centre and or downtown/city centre, and there may be multiple CBDs within a single urban area. The CBD will often be characterised by a high degree of accessibility as well as a large variety and concentration of specialised goods and services compared to other parts of the city. For instance, Midtown Manhattan, New York City, is the largest central business district in the city and in the United States. London's city centre is usually regarded as encompassing the historic City of London and the medieval City of Westminster, while the City of London and the transform ...
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Penang Island City Council
The City Council of Penang Island is the council that administers the city of Pulau Pinang, which includes the entirety of Penang Island, Malaysia. The city council, which has jurisdiction over an area of , falls under the purview of the Penang state government. The City Council of Penang Island is responsible for urban planning, heritage preservation, public health, sanitation, waste management, traffic management, environmental protection, building control, social and economic development, and general maintenance of urban infrastructure. In addition, the city council, in a joint effort with Rapid Penang, runs a free shuttle bus service within the heart of George Town. The headquarters of the council is located within the City Hall in George Town, which had served as the seat of the George Town City Council until 1976. The council also has offices within Komtar, the tallest skyscraper in George Town. History A committee of assessors for George Town was established in 1800, m ...
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World Heritage Site
A World Heritage Site is a landmark or area with legal protection by an international convention administered by the United Nations Educational, Scientific and Cultural Organization (UNESCO). World Heritage Sites are designated by UNESCO for having cultural, historical, scientific or other form of significance. The sites are judged to contain " cultural and natural heritage around the world considered to be of outstanding value to humanity". To be selected, a World Heritage Site must be a somehow unique landmark which is geographically and historically identifiable and has special cultural or physical significance. For example, World Heritage Sites might be ancient ruins or historical structures, buildings, cities, deserts, forests, islands, lakes, monuments, mountains, or wilderness areas. A World Heritage Site may signify a remarkable accomplishment of humanity, and serve as evidence of our intellectual history on the planet, or it might be a place of great natural beauty. A ...
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UNESCO
The United Nations Educational, Scientific and Cultural Organization is a specialized agency of the United Nations (UN) aimed at promoting world peace and security through international cooperation in education, arts, sciences and culture. It has 193 member states and 12 associate members, as well as partners in the non-governmental, intergovernmental and private sector. Headquartered at the World Heritage Centre in Paris, France, UNESCO has 53 regional field offices and 199 national commissions that facilitate its global mandate. UNESCO was founded in 1945 as the successor to the League of Nations's International Committee on Intellectual Cooperation.English summary). Its constitution establishes the agency's goals, governing structure, and operating framework. UNESCO's founding mission, which was shaped by the Second World War, is to advance peace, sustainable development and human rights by facilitating collaboration and dialogue among nations. It pursues this objective t ...
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Pinang River (Penang)
The Pinang River (Malay: ''Sungai Pinang'') is a river that runs through the city of George Town in Penang, Malaysia. Stretching for approximately , the river separates George Town proper to the north and its suburb of Jelutong to the south. It also passes under the Tun Dr Lim Chong Eu Expressway before emptying into the Penang Strait. Sungai Pinang also refers to the neighbourhood that exists along the river. It is believed that the first riverine villages had been established in the late 18th century, prior to the arrival of Captain Francis Light, the founder of modern Penang. The Pinang River was widely regarded as one of the filthiest waterways in Malaysia. In recent years, the Penang state government has intensified efforts to clean up and deepen the river, resulting in an improvement of the river's water quality. Geography The Pinang River meanders eastwards for about from the confluence between Air Terjun and Air Itam Rivers towards the Penang Strait. It also h ...
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Penang Island
Penang Island ( ms, Pulau Pinang; zh, 檳榔嶼; ta, பினாங்கு தீவு) is part of the state of Penang, on the west coast of Peninsular Malaysia. It was named Prince of Wales Island when it was occupied by the British East India Company on 12 August 1786, in honour of the birthday of the Prince of Wales, later King George IV. The capital, George Town, was named after the reigning King George III. Malaysia has another island called "Pulau Pinang", which is a diving site located in South China Sea and part of the Johor Marine Park, which consists of a group of islands: Pulau Aur, Pulau Dayang, Pulau Lang, and Pulau Pinang itself. History Penang was originally part of the Malay Sultanate of Kedah. On 11 August 1786, Captain Francis Light of the British East India Company landed in Penang and renamed it Prince of Wales Island in honour of heir to the British throne. Light then received it as a portion on his purported marriage to the daughter of the Sultan ...
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OCBC Bank
Oversea-Chinese Banking Corporation, Limited (), often known as OCBC Bank (), is a Singaporean multinational banking and financial services corporation headquartered in OCBC Centre, Singapore. OCBC Bank was born out of the Great Depression through the consolidation of three banks in 1932 — the Chinese Commercial Bank Limited (incorporated in 1912), the Ho Hong Bank Limited (incorporated in 1917) and the Oversea-Chinese Bank Limited (incorporated in 1919). OCBC Bank has assets of more than S$521.3 billion, making it the second largest bank in Southeast Asia by assets and among the larger banks in Asia-Pacific. It is also one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s and AA- rating from Standard & Poor's. OCBC Bank is consistently ranked amongst the top five "safest banks in the world" by the magazine '' Global Finance''. The Asian Banker named OCBC Bank Singapore's strongest bank for 2018-2019, and the 5th strongest in Asia-Pacific. The ban ...
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Netherlands Trading Society
The Netherlands Trading Society ( nl, Nederlandsche Handel-Maatschappij or NHM) was a Dutch trading and financial company, established in 1824 in The Hague by King William I to promote and develop trade, shipping and agriculture. For the next 140 years the NHM developed a large international branch network and increasingly engaged in banking operations. In 1964 it merged with Twentsche Bank to form Algemene Bank Nederland, itself a predecessor of ABN AMRO. History The NHM was a private company which issued publicly traded shares. According to the king, the NHM would act to leverage economic activity and encourage the development of national wealth. However, in practice it came down to expanding existing trade, by gathering data and searching for new markets as well as financing industry and shipping. Its close association with the Dutch government meant it played an important role in the development of trade between the Netherlands and the Dutch East Indies. Its former headquar ...
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HSBC
HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA), respectively. HSBC traces its origin to a hong in British Hong Kong, and its present form was established in London by the Hongkong and Shanghai Banking Corporation to act as a new group holding company in 1991; its name derives from that company's initials. The Hongkong and Shanghai Banking Corporation opened branches in Shanghai in 1865 and was first formally incorporated in 1866. HSBC has offices in 64 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America, serving around 40 million customers. As of 2022, it was ranked no. 38 in the world in the Forbes rankings of large companies ranked by sales, profits ...
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Standard Chartered
Standard Chartered plc is a multinational bank with operations in consumer, corporate and institutional banking, and treasury services. Despite being headquartered in the United Kingdom, it does not conduct retail banking in the UK, and around 90% of its profits come from Asia, Africa, and the Middle East. Standard Chartered has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has secondary listings on the Hong Kong Stock Exchange, the National Stock Exchange of India, and OTC Markets Group Pink. Its largest shareholder is the Government of Singapore-owned Temasek Holdings. The Financial Stability Board considers it a systemically important bank. José Viñals is the Group Chairman of Standard Chartered. Bill Winters is the current Group Chief Executive. Name The name Standard Chartered comes from the names of the two banks that merged in 1969 to create it: The Chartered Bank of India, Australia and China, and Standard Bank of ...
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Chartered Bank Of India, Australia And China
The Chartered Bank of India, Australia and China (informally The Chartered Bank) was a bank incorporated in London in 1853 by Scotsman James Wilson, under a Royal Charter from Queen Victoria.Standard Chartered Bank History
Standardchartered.com. Retrieved on 26 December 2018.

Atsnotes.com. Retrieved on 26 December 2018.
Though lacking a truly strong domestic network in Britain, it was influential in the development of British colonial trade throughout the .
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Malaysia
Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and federal territories of Malaysia, thirteen states and three federal territories, separated by the South China Sea into two regions: Peninsular Malaysia and Borneo's East Malaysia. Peninsular Malaysia shares a land and maritime Malaysia–Thailand border, border with Thailand and Maritime boundary, maritime borders with Singapore, Vietnam, and Indonesia. East Malaysia shares land and maritime borders with Brunei and Indonesia, and a maritime border with the Philippines and Vietnam. Kuala Lumpur is the national capital, the country's largest city, and the seat of the Parliament of Malaysia, legislative branch of the Government of Malaysia, federal government. The nearby Planned community#Planned capitals, planned capital of Putrajaya is the administrative capital, which represents the seat of both the Government of Malaysia#Executive, executive branch (the Cabine ...
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