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Raffles Place
Raffles Place is the centre of the Financial District of Singapore and is located south of the River, mouth of the Singapore River. It was first planned and developed in the 1820s as Commercial Square to serve as the hub of the commercial zone of Singapore in Jackson Plan, Raffles Town Plan. It was renamed Raffles Place in 1858 and is now the site of a number of major banks. It is located in the Downtown Core within the Central Area, Singapore, Central Area, and features some of the tallest buildings and landmarks of the country. History Beginning The founder of modern Singapore, Sir Stamford Raffles, intended Singapore to become a "great commercial Marketplace, emporium". As part of his plan, he gave instructions in 1822 that a commercial area be created on the southwest side of the Singapore River. The Garrison Engineer Lieutenant R.N. Philip Jackson (surveyor), Philip Jackson, was tasked with drawing up a Jackson Plan, Town Plan based on Raffles' instructions. This commerci ...
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Chinese Language
Chinese (, especially when referring to written Chinese) is a group of languages spoken natively by the ethnic Han Chinese majority and many minority ethnic groups in Greater China. About 1.3 billion people (or approximately 16% of the world's population) speak a variety of Chinese as their first language. Chinese languages form the Sinitic branch of the Sino-Tibetan languages family. The spoken varieties of Chinese are usually considered by native speakers to be variants of a single language. However, their lack of mutual intelligibility means they are sometimes considered separate languages in a family. Investigation of the historical relationships among the varieties of Chinese is ongoing. Currently, most classifications posit 7 to 13 main regional groups based on phonetic developments from Middle Chinese, of which the most spoken by far is Mandarin (with about 800 million speakers, or 66%), followed by Min (75 million, e.g. Southern Min), Wu (74 million, e.g. Shangh ...
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Marketplace
A marketplace or market place is a location where people regularly gather for the purchase and sale of provisions, livestock, and other goods. In different parts of the world, a marketplace may be described as a '' souk'' (from the Arabic), ''bazaar'' (from the Persian), a fixed '' mercado'' (Spanish), or itinerant ''tianguis'' (Mexico), or ''palengke'' (Philippines). Some markets operate daily and are said to be ''permanent'' markets while others are held once a week or on less frequent specified days such as festival days and are said to be ''periodic markets.'' The form that a market adopts depends on its locality's population, culture, ambient and geographic conditions. The term ''market'' covers many types of trading, as market squares, market halls and food halls, and their different varieties. Thus marketplaces can be both outdoors and indoors, and in the modern world, online marketplaces. Markets have existed for as long as humans have engaged in trade. The earlies ...
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Telok Ayer Market
Lau Pa Sat (), also known as Telok Ayer Market ( ms, Pasar Telok Ayer; ), is a historic building located within the Downtown Core in the Central Area of Singapore. It was first built in 1824 as a fish market on the waterfront serving the people of early colonial Singapore and rebuilt in 1838. It was then relocated and rebuilt at the present location in 1894. It is currently a food court with stalls selling a variety of local cuisine. The market remains one of the oldest Victorian structures in South-East Asia and one of the first structures built in pre-fabricated cast iron in Asia. It is also the only remaining market left that served the residents in the central district of early Singapore. Etymology Telok Ayer Market ( ms, Pasar Telok Ayer; ) is named after Telok Ayer Bay. In the early nineteenth century, the market was a simple wooden building located on piles just over the waters of Telok Ayer Bay before land reclamation work filled in the bay. The Malay name ''Telok ...
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Johnston's Pier
Johnston's Pier was a pier, formerly situated at Collyer Quay, Singapore, where it stood from the mid-1850s to the mid-1930s. History After the establishment of Singapore as a Strait Settlements port, many buildings along its southern shoreline were directly facing the sea. As business and commerce constantly developed along the waterfront, many merchants set up their businesses at Commercial Square with their godowns backed into the waterfront where they had their own jetties. The idea of constructing a wooden jetty near the godowns of A. L. Johnston & Co. was first mooted to the municipal committee on 26 March 1853 for the convenience of the commercial and shipping interests in Singapore. After consulting the government surveyor, the municipal committee approved the construction of a stone ghaut on 20 July 1853 to be used as a public landing place instead of the wooden jetty as originally intended. In conjunction with the proposed ghaut, a stone embankment stretching from t ...
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Boat
A boat is a watercraft of a large range of types and sizes, but generally smaller than a ship, which is distinguished by its larger size, shape, cargo or passenger capacity, or its ability to carry boats. Small boats are typically found on inland waterways such as rivers and lakes, or in protected coastal areas. However, some boats, such as the whaleboat, were intended for use in an offshore environment. In modern naval terms, a boat is a vessel small enough to be carried aboard a ship. Boats vary in proportion and construction methods with their intended purpose, available materials, or local traditions. Canoes have been used since prehistoric times and remain in use throughout the world for transportation, fishing, and sport. Fishing boats vary widely in style partly to match local conditions. Pleasure craft used in recreational boating include ski boats, pontoon boats, and sailboats. House boats may be used for vacationing or long-term residence. Lighters are used to convey ...
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Cargo
Cargo consists of bulk goods conveyed by water, air, or land. In economics, freight is cargo that is transported at a freight rate for commercial gain. ''Cargo'' was originally a shipload but now covers all types of freight, including transport by rail, van, truck, or intermodal container. The term cargo is also used in case of goods in the cold-chain, because the perishable inventory is always in transit towards a final end-use, even when it is held in cold storage or other similar climate-controlled facility. The term freight is commonly used to describe the movements of flows of goods being transported by any mode of transportation. Multi-modal container units, designed as reusable carriers to facilitate unit load handling of the goods contained, are also referred to as cargo, especially by shipping lines and logistics operators. Similarly, aircraft ULD boxes are also documented as cargo, with an associated packing list of the items contained within. When empty conta ...
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Jetties
A jetty is a structure that projects from land out into water. A jetty may serve as a breakwater, as a walkway, or both; or, in pairs, as a means of constricting a channel. The term derives from the French word ', "thrown", signifying something thrown out. For regulating rivers Another form of jetties, wing dams are extended out, opposite one another, ''from each bank of a river'', at intervals, to contract a wide channel, and by concentration of the current to produce a deepening. At the outlet of tideless rivers Jetties have been constructed on each side of the outlet river of some of the rivers flowing into the Baltic, with the objective of prolonging the scour of the river and protecting the channel from being shoaled by the littoral drift along the shore. Another application of parallel jetties is in lowering the bar in front of one of the mouths of a deltaic river flowing into a tide — a virtual prolongation of its less sea, by extending the scour of the rive ...
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Warehouse
A warehouse is a building for storing goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial parks on the outskirts of cities, towns, or villages. Warehouses usually have loading docks to load and unload goods from trucks. Sometimes warehouses are designed for the loading and unloading of goods directly from railways, airports, or seaports. They often have cranes and forklifts for moving goods, which are usually placed on ISO standard pallets and then loaded into pallet racks. Stored goods can include any raw materials, packing materials, spare parts, components, or finished goods associated with agriculture, manufacturing, and production. In India and Hong Kong, a warehouse may be referred to as a "godown". There are also godowns in the Shanghai Bund. History Prehistory and ancient history A warehouse can be defined functionally as a building in whic ...
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Trader (finance)
A trader is a person, firm, or entity in finance who buys and sells financial instruments, such as forex, cryptocurrencies, stocks, bonds, commodities, derivatives, and mutual funds in the capacity of agent, hedger, arbitrageur, or speculator. Duties and types Traders buy and sell financial instruments traded in the stock markets, derivatives markets and commodity markets, comprising the stock exchanges, derivatives exchanges, and the commodities exchanges. Several categories and designations for diverse kinds of traders are found in finance, including: *Bond trader *Floor trader *Hedge fund trader *High-frequency trader *Market maker *Pattern day trader * Principal trader * Proprietary trader *Rogue trader *Scalper *Stock trader Income According to the Wall Street Journal in 2004, a managing director convertible bond trader was earning between $700,000 and $900,000 on average. See also *Commodities exchange *Commodity market *Derivatives market *List of commodity traders *Li ...
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Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ...
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Mercantile
Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market. An early form of trade, barter, saw the direct exchange of goods and services for other goods and services, i.e. trading things without the use of money. Modern traders generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or earning. The invention of money (and letter of credit, paper money, and non-physical money) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade involving more than two traders is called multilateral trade. In one modern view, trade exists due to specialization and the division of labour, a predominant form of economic activity in which individuals and groups concentrate on a small aspect of production, but use their output in trades for other products a ...
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Storey
A storey (British English) or story (American English) is any level part of a building with a floor that could be used by people (for living, work, storage, recreation, etc.). Plurals for the word are ''storeys'' (UK) and ''stories'' (US). The terms ''floor'', ''level'', or ''deck'' are used in similar ways, except that it is usual to speak of a "16-''storey'' building", but "the 16th ''floor''". The floor at ground or street level is called the "ground floor" (i.e. it needs no number; the floor below it is called "basement", and the floor above it is called "first") in many regions. However, in some regions, like the U.S., ''ground floor'' is synonymous with ''first floor'', leading to differing numberings of floors, depending on region – even between different national varieties of English. The words ''storey'' and ''floor'' normally exclude levels of the building that are not covered by a roof, such as the terrace on the rooftops of many buildings. Nevertheless, a flat r ...
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