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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. [1]
The Bank of China Building is a historical building in George Town within the Malaysian state of Penang.Completed in 1905, the office building, situated at Beach Street within the city's Central Business District (CBD), originally served as the offices of the Netherlands Trading Society (NTS).
The Standard Chartered Bank building is a historical building in George Town within the Malaysian state of Penang.Completed in 1930, the office building, situated at Beach Street within the city's Central Business District (CBD), was one of the tallest in the city at that time. [1]
In 1875, the Chartered Bank of India, Australia and China (now Standard Chartered) became the first international bank to set up a branch at Beach Street, and by extension, George Town. [ 1 ] [ 2 ] It was the bank's second branch in British Malaya , after the Singapore branch that had been established in 1859.
The building was completed in 1938 by Yeap Chor Ee, business magnate, described at the time as the wealthiest man in Penang. [1] Having established the first locally owned and managed bank, Ban Hin Lee and Co. (meaning “Ten Thousand Prosperities”) in 1918, [2] he converted his banking business into a limited liability company in 1935, [3] and the following year began construction of the ...
Central George Town is the city centre of George Town, the capital of the Malaysian state of Penang. It corresponds to the eponymous subdivision of George Town, which is mostly identical to the original city limits established when George Town was granted city status in 1957.
English: Algemene Bank Building, now known as the Bank of China Building, at Beach Street in George Town, Penang This is a photo of a monument in Malaysia, identified by ID 07-PNG/11
Following the destruction of the earlier George Town Hongkong and Shanghai Banking Corporation headquarters in World War II, the India House served as the location of the bank until the bank returned to the reconstructed HSBC building in 1951. The India House was later used by the United States Information Service until the 1970s. [1]