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CDL Hotels
City Developments Limited (CDL), sometimes also known as CityDev, is a Singaporean multinational real estate operating organisation. Founded in 1963, CDL first developed projects in Johor Bahru, Malaysia, as well as in Singapore. However, due to the racial and political situation in Singapore and Malaysia, CDL was forced to sell its properties in Johor Bahru and consolidate itself into the Singapore market. CDL came under the control of Hong Leong Bank via shares acquisition in 1969. Since then, CDL has developed numerous types of properties from shopping malls to integrated developments. CDL is currently headquartered in Republic Plaza, Singapore. Kwek Leng Beng is its current chairman and Sherman Kwek, Kwek Leng Beng's son, is its current chief executive officer. CDL also owns many subsidiaries, including Millennium & Copthorne Hotels. History Early years City Developments Limited was founded on 7 September 1963 as a property company, initially starting with eight em ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Republic Plaza (Singapore)
Republic Plaza is a skyscraper in Downtown Core, Singapore. It comprises two towers and a 10-storey podium. The first tower, Republic Plaza I, has 66 floors and a height of , and has a varying octagonal-cross section, while its interior allows for flexible space usage by tenants. The second tower, Republic Plaza II, is 23 stories tall, while the podium contains a three-floor retail area. Initially conceived by Jones Lang Wootton in the mid-1980s, development of Republic Plaza was to be carried out by a joint venture between C. Itoh, Land Equity, and several other Japanese firms. However, in July 1987, City Developments Limited (CDL) purchased two plots on the planned site of the development, and started negotiations with the partners in the joint venture regarding jointly developing the building, which resulted in CDL taking a 50% stake in the project. Further land acquisition for the project was carried out between 1987 and 1989. Construction began in December 1991, and the first ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malaysia
Malaysia is a country in Southeast Asia. Featuring the Tanjung Piai, southernmost point of continental Eurasia, it is a federation, federal constitutional monarchy consisting of States and federal territories of Malaysia, 13 states and three federal territories, separated by the South China Sea into two regions: Peninsular Malaysia on the Mainland Southeast Asia, Indochinese Peninsula and East Malaysia on the island of Borneo. Peninsular Malaysia shares land and maritime Malaysia–Thailand border, borders with Thailand, as well as maritime borders with Singapore, Vietnam, and Indonesia; East Malaysia shares land borders with Brunei and Indonesia, and a maritime border with the Philippines and Vietnam. Kuala Lumpur is the country's national capital, List of cities and towns in Malaysia by population, largest city, and the seat of the Parliament of Malaysia, legislative branch of the Government of Malaysia, federal government, while Putrajaya is the federal administrative capi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2008 Financial Crisis
The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners and financial institutions that led to the 2000s United States housing bubble, exacerbated by predatory lending for subprime mortgages and deficiencies in regulation. Cash out refinancings had fueled an increase in consumption that could no longer be sustained when home prices declined. The first phase of the crisis was the subprime mortgage crisis, which began in early 2007, as mortgage-backed securities (MBS) tied to U.S. real estate, and a vast web of Derivative (finance), derivatives linked to those MBS, collapsed in value. A liquidity crisis spread to global institutions by mid-2007 and climaxed with the bankruptcy of Lehman Brothers in September 2008, which triggered a stock market crash and bank runs in several countries. The crisis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London Stock Exchange
The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cathedral. Since 2007, it has been part of the London Stock Exchange Group (LSEG, which the exchange also lists (ticker symbol LSEG)). Despite a post-Brexit exodus of stock listings from the LSE, it was the most valued stock exchange in Europe as of 2023. According to the 2020 Office for National Statistics report, approximately 12% of UK-resident individuals reported having investments in stocks and shares. According to a 2020 Financial Conduct Authority report, approximately 15% of British adults reported having investments in stocks and shares. History Coffee House The Royal Exchange, London, Royal Exchange had been founded by the English financier Thomas Gresham and Sir Richard Clough on the model of the The Belgian bourse of Antwerp, An ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goh Chok Tong
Goh Chok Tong (born 20 May 1941) is a Singaporean former politician who served as the second prime minister of Singapore from 1990 to 2004 and as a senior minister of Singapore from 2004 to 2011. He served as the secretary-general of the People's Action Party (PAP) from 1992 to 2004 and was the member of Parliament (MP) for Marine Parade SMC from 1976 to 1988, and Marine Parade GRC from 1988 to 2020. Prior to his appointment as prime minister, he was the country's deputy prime minister, where he advocated for the Medisave, a savings scheme that allows Singaporeans to set aside part of their income into a Medisave account to meet future medical expenses. Goh also advocated for the Edusave Awards, a monetary reward for students who did well in school based on either their academic achievements or character to enshrine meritocracy. Shortly before and during his tenure as prime minister, Goh proposed political reforms like the introduction of Non-Constituency Members of Par ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prime Minister Of Singapore
The prime minister of Singapore, is the head of government of Singapore. The President of Singapore, president appoints the prime minister on the advice and consent of the Cabinet of Singapore. The incumbent prime minister is Lawrence Wong, who took office on 15 May 2024. Singapore is modelled after the Westminster system. The prime minister only governs with the Confidence and supply, confidence of the majority in Parliament of Singapore, Parliament; as such, the prime minister typically sits as a member of Parliament (MP) and leads the largest party or a Coalition government, coalition of parties. In practice, the prime minister is the leader of the majority party in Parliament. History The office of prime minister succeeded the office of Chief Minister of Singapore, chief minister in 1959 after Singapore had attained Self-governance of Singapore, self-governance from the United Kingdom, as the State of Singapore, with Lee Kuan Yew being sworn in as the first prime minist ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank For International Settlements
The Bank for International Settlements (BIS) is an international financial institution which is owned by member central banks. Its primary goal is to foster international monetary and financial cooperation while serving as a bank for central banks. With its establishment in 1930 it is the oldest international financial institution. Its initial purpose was to oversee the settlement of World War I war reparations. The BIS carries out its work through its meetings, programmes and through the Basel Process, hosting international groups pursuing global financial stability and facilitating their interaction. It also provides banking services, but only to central banks and other international organizations. The BIS is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City. History Background International monetary cooperation started to develop tentatively in the course of the 19th century. An early case was a £400,000 loan in gold coins, in 1825 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kwek Leng Joo
Kwek Leng Joo ( zh, c=郭令裕, poj=Koeh Lêng-jū; 24 April 1953 – 16 November 2015) was a Singaporean businessman, photographer and environmental activist who served as the managing director of City Developments Limited (CDL) from 1995 to 2014, and the deputy chairman of CDL from 2014 until his death. He also served as the president of the Singapore Chinese Chamber of Commerce and Industry (SCCCI) from 1993 to 1997 and from 2001 to 2005 and a trustee of the Nanyang Technological University. Kwek Leng Joo had two children, including Kwek Eik Shing. Life and career Kwek Leng Joo was born on 24 April 1953. His father, Kwek Hong Png, was the founder of Hong Leong Group, the parent company of CDL. He has an older brother, Kwek Leng Beng. The Kwek family had origins from the Fujian, China. Kwek attended the Anglo-Chinese School and Maris Stella High School; he obtained diplomas in hotel management from New York University and Takushoku University. In 1976, Kwek became a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kwek Hong Png
Kwek Hong Png (; 1912 - 8 November 1994) was a Singaporean businessperson, known for establishing Hong Leong Group, of which he was also chairperson. Kwek became one of the world's richest men, with an estimated net worth of S$3 billion before his retirement in 1984. Early life Born in 1912 in Fujian's Tung Ann district to a miserly farmer, Kwek arrived in Singapore in 1928 from Fujian. He first started out as a shop helper at his brother-in-law's hardware firm. His monthly salary then was just $5 and he reportedly slept on the floors of the store. During World War II, Kwek became rich by trading construction materials. He also participated in smuggling basic goods and traded with Japanese merchants. Career Founded in 1941, the Hong Leong Group was originally a trading company that supplied basic construction materials and rubber. Wanting to work as a team, Kwek subsequently beckoned his three brothers to join Hong Leong. Becoming chairman of the organisation in 1956, Kwek ret ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1969 Race Riots Of Singapore
The 1969 race riots of Singapore were one of the two riots encountered in post-independence Singapore. The seven days of communal riots from 31 May to 6 June 1969. History The precursor of the 1969 race riots can be traced to the 13 May Incident in Kuala Lumpur and Petaling Jaya in Malaysia. It was triggered by the results of the 1969 Malaysian general election, which were marked by Sino-Malay riots unprecedented in Malaysian history – 196 people were killed and over 350 injured between 13 May and 31 July. The real figures could be much higher than officially revealed. The Malaysian government declared a state of emergency and suspended Parliament until 1971.Conceicao. "The 13th May 1969 (Kuala Lumpur) Disturbances", pp. 112—113 The disturbances had nothing to do with Singapore but there was an inexorable spillover of the communal violence in Malaysia into Singapore. The 1969 riots occurred not long after the earlier communal riots in 1964. It was said that the 1964 racial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bukit Timah
Bukit Timah ( ), often abbreviated as Bt Timah, is a planning area and residential estate located in the westernmost part of the Central Region of Singapore. Bukit Timah lies roughly from the Central Business District, bordering the Central Water Catchment to the north, Bukit Panjang to the northwest, Queenstown to the south, Tanglin to the southeast, Clementi to the southwest, Novena to the east and Bukit Batok to the west. It is further split into eight subzones, namely Anak Bukit, Coronation Road, Farrer Court, Hillcrest, Holland Road, Leedon Park, Swiss Club and Ulu Pandan. Owing to its prime location, Bukit Timah has some of the densest clusters of luxury condominiums and landed property in the city, with very few public housing. Etymology The last identification of the area was on the 1828 map by Frankin and Jackson and was noted as Bukit Timah. As the interior of Singapore was not fully explored, it is likely the name came from the Malays. In Malay, Bukit Ti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Straits Of Johor
The Johor Strait (also known as the Tebrau Strait, Straits of Johor, Selat Johor, Selat Tebrau, and Tebrau Reach, also spelled Johore Strait) is an international strait in Southeast Asia, between Singapore and Peninsular Malaysia. Geography The strait separates the Malaysian state of Johor on the mainland Malay Peninsula to the north, from Singapore and its islands on the south. It connects to the Strait of Malacca on the west, and the Singapore Strait on the southeast. The mouth and delta of the Johor River is on its northeast side in Malaysia. Crossings There are currently two bridges crossing the strait. The Johor–Singapore Causeway, known simply as "The Causeway", links Johor Bahru and Woodlands in Singapore. The Malaysia–Singapore Second Link bridge is further west over the strait, links Iskandar Puteri in Malaysia and Tuas in Singapore. In 2003, Malaysia wanted to build a bridge across the strait to replace the existing causeway, but negotiations with Singa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
