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70-398: Chung Khiaw Bank Limited was a Singaporean bank that was established by millionaire Aw Boon Haw and later became a subsidiary of United Overseas Bank after takeovers in 1971–72. Part of the shares of Chung Khiaw Bank was injected to a listed company Haw Par Brothers International in 1969 and was acquired by a domestic competitor United Overseas Bank (UOB) in 1971, after the parent company

140-399: A centralised government and compromise – the sultans retain their reign but not rule in their states – would have a great impact on the later road to nationhood. It effectively marked the transition of the idea of Malay states from a collection of separate lands governed by their own different feudal rulers, towards a federation with Westminster -style constitutional monarchy . This became

210-611: A huge demand for tin. The British as well as the Dutch were active in the states, each seeking to monopolise production of tin and other commodities. However, the political atmosphere in Perak was sufficiently volatile to raise the cost of tin mining operations. For instance, in 1818 Siam ordered Kedah to attack Perak. The lack of security in Perak forced the British to protect Perak in 1826. As Perak continued to increase its mining operations, it suffered

280-658: A part of Kedah . The British established a trading post in Singapore in 1819 and gained complete control of the island in 1824. In the mid-18th century, British firms could be found trading in the Malay Peninsula . In April 1771, Jourdain, Sulivan and de Souza, a British firm based in Madras , India , sent Francis Light to meet the Sultan of Kedah , Muhammad Jiwa Zainal Adilin II , to open up

350-478: A permanent truce. Later, through the signing of the Pangkor Treaty on 20 January 1874, Clarke acknowledged Raja Abdullah as the legitimate sultan of Perak. It resulted in the appointment of J. W. W. Birch as a British resident in Perak later that year. Raja Ismail, on the other hand, while not party to the agreement, was forced to abdicate due to intense external pressure applied by Clarke. Selangor , just to

420-526: A person must be by the side of the dying sultan to be considered as a new ruler. Tengku Abdul Rahman was present when the old sultan died. Tengku Hussein was not happy with the development, while the temenggung who was in charge of Singapore preferred Tengku Hussein to the younger brother. The British had first acknowledged Tengku Abdul Rahman at the time of their first presence in Malacca. The situation however had changed. In 1818, Farquhar visited Tengku Hussein in

490-584: A set of states on the Malay Peninsula and the island of Singapore that were brought under British hegemony or control between the late 18th and the mid-20th century. Unlike the term " British India ", which excludes the Indian princely states , British Malaya is often used to refer to the Federated and the Unfederated Malay States , which were British protectorates with their own local rulers, as well as

560-474: A share swap (1:1), was announced in June 1972. A minority shareholder made a public statement on the newspaper to against it, claiming the price was not favourable as well as the conflict of interest of the director from the related parties. Nevertheless, UOB acquired an additional 28.7% stake in mid-1973. In 1974, a rumor that the bank's financial position was precarious caused a bank run in its Singapore branches. This

630-581: A shortage of labour. Looking to solve the problem, Malay administrator Long Jaafar invited the Chinese in Penang to work in Perak, particularly at Larut . By the 1840s, Perak's Chinese population had exploded. The new immigrants more often than not were members of Chinese secret societies. Two of the largest were Ghee Hin and Hai San . These two groups regularly tried to increase their influence in Perak resulting in frequent skirmishes. These skirmishes got out of hand to

700-548: A trading post and in Kedah, if the British agreed to protect Kedah from external threats. Light conveyed this message to his superiors in India. The EIC, however, did not agree with the proposal. Two years later, Sultan Muhammad Jiwa died and was succeeded by Sultan Abdullah Mukarram Shah . The new Sultan offered Light (who later became a British representative) the island of Penang in return for military assistance for Kedah. Light informed

770-483: A treaty which required Dato' Kelana to rule Sungai Ujong justly, protect traders, and prevent any anti-British action there. Dato' Bandar was not invited to sign the agreement and hence asserted that he was not bound by the agreement. Moreover, Dato' Bandar and the locals disapproved of the British presence in Sungai Ujong. This furthered Dato' Kelana's unpopularity there. Soon, a company led by William A. Pickering , of

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840-456: A trip to Hong Kong from Boston , US. He is remembered through his work with Haw Par Villas throughout Asia, with locations in Singapore, Hong Kong, and the Fujian province of China. In 1932, Aw and his brother Aw Boon Par founded St. John Hospital (Hong Kong) on Cheung Chau island. As of 2023 the original building, a historical landmark, continued to serve the approximate 12,000 residents of

910-573: The Chinese Protectorate from the Straits Settlements, was sent to Sungai Ujong to assess the situation. He recognised the predicament Dato' Kelana was in and reported back to the Straits Settlements. This prompted the British to send 160 soldiers to Sungai Ujong to help Pickering defeat Dato' Bandar. At the end of 1874, Dato' Bandar fled to Kepayang. Despite this defeat, the British paid him a pension and granted him asylum in Singapore. As

980-634: The Federation of Malaya , which became fully independent on 31 August 1957. On 16 September 1963, the federation, along with North Borneo (Sabah), Sarawak , and Singapore , formed the larger federation of Malaysia . The first English trader to visit the Malay Peninsula was Ralph Fitch who arrived in the 16th century. However, the British only became formally involved in Malay politics in 1771, when Great Britain tried to set up trading posts in Penang , formerly

1050-816: The Kelantan rebellion . British policy in the late 19th and the early 20th century had been the centralisation of the Federated Malay States (FMS), which was headed by the High Commissioner , who was also the governor of the Straits Settlements . All four British Residents, who acted as a British representative in the FMS were answerable to a Resident General in Kuala Lumpur, who in turn reported back to High Commissioner. Crucial state government departments had to report to their federal headquarters in Kuala Lumpur. Meanwhile,

1120-675: The Straits Settlements , which were under the sovereignty and direct rule of the British Crown , after a period of control by the East India Company . Before the formation of the Malayan Union in 1946, the territories were not placed under a single unified administration, with the exception of the immediate post-war period when a British military officer became the temporary administrator of Malaya. Instead, British Malaya comprised

1190-513: The Union Flag was officially raised in Penang for the first time. In 1800, Kedah ceded Prai to the British and the Sultan received an increase of 4,000 pesos in his annual rent. Penang was later named Prince of Wales Island, while Perai was renamed Province Wellesley . In 1821, Siam invaded Kedah , sacked the capital of Alor Star , and occupied the state until 1842. Before the late 19th century,

1260-580: The 1850s the area emerged as one of the most modern settlements on the Malay Peninsula apart from the Straits Settlements. At one point, there were over 20,000 labourers, most of them ethnic Chinese imported from China. Raja Jumaat died in 1864 and his death created a leadership vacuum and Lukut gradually declined. Meanwhile, Hulu Klang enjoyed unprecedented growth due to tin mining. Between 1849 and 1850, Raja Abdullah bin Raja Jaafar , Raja Jumaat's cousin,

1330-404: The British could strengthen his position in Sungai Ujong. Dato' Kelana contacted the British in Malacca and began and lobbying them to support him. In April 1874, Sir Andrew Clarke used Dato' Kelana's request as a means to build British presence in Sungai Ujong and Negeri Sembilan in general. Clarke acknowledged Dato' Kelana as the legitimate chief of Sungai Ujong. The British and Dato' Kelana signed

1400-547: The British felt they needed to have a say in Selangorean politics. One major disturbance, amounting to a civil war, was the Klang War which lasted from 1867 to 1874. In November 1873, a ship from Penang was attacked by pirates near Kuala Langat , Selangor. A court was assembled near Jugra and suspected pirates were sentenced to death. The Sultan expressed concern and requested assistance from Sir Andrew Clarke . Frank Swettenham

1470-695: The British from further political meddling in the Unfederated Malay States. Perlis, Kedah, Kelantan and Terengganu were surrendered by Siam after the Anglo-Siamese Treaty of 1909 . Independent Johor, meanwhile, had to surrender Singapore to the British earlier on. Despite the Sultan's political effort, he was forced to accept an advisor in 1914, becoming the last Malay state to lose its sovereignty (although British involvement in Johor began as early as 1885). This period of slow consolidation of power into

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1540-420: The British in Kedah as the sultan's advisor. The British effectively took over economic planning and execution. A rail line was built to connect Kedah with Siam in 1912 while land reform was introduced in 1914. The ruler of Kedah, Sultan Abdul Hamid Halim , accept a British advisor in 1923. Perlis had a similar experience. The ruler did not recognise the 1909 treaty but the British were de facto administrators of

1610-547: The British largely practised a non-interventionist policy. Several factors such as the fluctuating supply of raw materials, and security, convinced the British to play a more active role in the Malay states. From the 17th to the early 19th century, Malacca was a Dutch possession. During the Napoleonic Wars , between 1811 and 1815, Malacca, like other Dutch holdings in Southeast Asia, was under British occupation to prevent

1680-574: The British would leave Siam alone if he acceded to their demands. Earlier in 1893, Siam had lost the Shan region of north-eastern Burma to the British. This demarcation as stated in the agreement remains today the Malaysia–Thailand border . The Malay rulers did not acknowledge the agreement, but were too weak to resist British influence. In Kedah after the Bangkok Treaty, George Maxwell was posted by

1750-524: The British. The treaty was ratified on 6 February 1819. With the Temenggung's help, Hussein left Penyengat, pretending that he was 'going fishing', and reached Singapore, where he was installed as Sultan. The Dutch were displeased with the action of Raffles. However, with the signing of the Anglo-Dutch Treaty of 1824, Dutch opposition to the British presence in Singapore receded. The treaty also divided

1820-465: The EIC of the Sultan's offer. The EIC, however, ordered Light to take over Penang and gave him no guarantee of the military aid that the Sultan had asked for. Light later took over Penang and assured the Sultan of military assistance, despite the EIC's position. Soon the EIC told Light that they would not give any military aid to Kedah. In June 1789, Light informed the Sultan of the EIC's decision. Feeling cheated,

1890-452: The EIC to trade in Terengganu and Kelantan unimpeded. 83 years later, a new treaty now known as the Anglo-Siamese Treaty of 1909 or the Bangkok Treaty of 1909 was signed between the two powers. In the new agreement, Siam agreed to give up its claim over Kedah, Kelantan, Perlis, Terengganu and Perlis , while Patani remained Siamese territory. Perlis was previously part of Kedah but during

1960-514: The French from claiming them. When the war ended in 1815, Malacca was returned to the Dutch. In 1824 the British and the Dutch signed the Anglo-Dutch Treaty of 1824 . The treaty, among other things, legally transferred Malacca to British administration and officially divided the Malay world into two separate entities, laying the basis for the current Indonesian-Malaysian boundary. Modern Singapore

2030-462: The Kedah's market for trading. Light was also a captain in the service of the East India Company (EIC). The Sultan faced external threats during this period. Siam , which was at war with Burma and which saw Kedah as its vassal state, frequently demanded that Kedah send reinforcements. Kedah, in many cases, was a reluctant ally to Siam. After negotiations with Light, the Sultan agreed to allow Jourdain, Sulivan, and de Souza to build and operate

2100-477: The Siamese reign it was separated from Kedah. Kedah's district of Satun however was annexed by Siam in the same agreement. Patani was split into Pattani , Yala and Narathiwat provinces after the signing of the treaty. Though the Siamese king Chulalongkorn was reluctant to sign the treaty, increasing French pressure on the Siamese eastern border forced Siam to co-operate with the British. Chulalongkorn hoped that

2170-485: The Straits Settlements were increasingly dependent on the economy of the Malay states, including Perak. After Clarke's arrival in Singapore, many British traders including Read became close to the governor. Through Read, Clarke learned of Raja Abdullah's problem and willingness to accept a British representative in his court if the British assisted him. Clarke seized the opportunity to expand British influence. First, he called all Chinese secret societies together and demanded

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2240-472: The Straits Settlements, the Federated Malay States, and the Unfederated Malay States. Under British hegemony, Malaya was one of the most profitable territories of the empire , being the world's largest producer of tin and later rubber . During the Second World War, Japan ruled a part of Malaya as a single unit from Singapore . The Malayan Union was unpopular and in 1948 was dissolved and replaced by

2310-514: The Sultan ordered Light to leave Penang, but Light refused. Light's refusal caused the Sultan to strengthen Kedah's military forces and to fortify Prai , a stretch of beach opposite Penang. Recognising this threat, the British moved in and razed the fort in Prai. The British thereby forced the Sultan to sign an agreement that gave the British the right to occupy Penang; in return, the Sultan would receive an annual rent of 6,000 Spanish pesos. On 1 May 1786,

2380-459: The Sultanate of Johor into modern Johor and the new Sultanate of Riau . After the British secured Malacca from the Dutch through the Anglo-Dutch Treaty of 1824 , they aimed to centralise the administration of Penang, Malacca, and Singapore. To this end, in 1826 a framework known as the Straits Settlements was established, with Penang as its capital. The capital was moved in 1832 to Singapore. While

2450-523: The accepted model for the future Federation of Malaya and ultimately Malaysia . By 1910 the British had established seven polities on the Malay Peninsula – the Straits Settlements , the Federated Malay States and the standalone protectorates of Perlis, Kedah, Kelantan, Terengganu and Johor. The First World War had a limited impact on Malaya, with notable events including the Battle of Penang and

2520-567: The administrators of the settlements, in 1867 they were declared a Crown colony and placed directly under the control of the Colonial Office in London. However, the declaration gave the colony a considerable degree of self-governance within the British Empire . In 1946, after World War II , the colony was dissolved. Malacca and Penang were absorbed into the new Malayan Union , while Singapore

2590-427: The bank was millionaire Aw Boon Haw , who famous for his "Star Newspapers", and "Tiger Balm"; after his death, Ko Teck Kin ( Chinese : 高德根 ) and then Aw Cheng Chye , nephew of Aw Boon Haw and son of Aw Boon Par succeed the position. However, the founding managing director / president of the bank, was Lee Chee Shan ( 李志城 ), husband of Aw Cheng Hu, the daughter of Aw Boon Par. It was reported that Lee himself

2660-465: The business from there, while his brother stayed in Singapore until he closed down the factory and went to Rangoon. Aw returned to Singapore after the end of World War II and re-established his business. He set up Chung Khiaw Bank and once owned Pulau Serangoon (present day Coney Island), Singapore. In 1954, at the age of 72, Aw died from a heart attack following a major operation in Honolulu while on

2730-564: The business with his brother. Aw used cartoon commercialisation to promote his Tiger Balm product, named after himself, to any potential customer as well as at any public celebration. In the 1920s, his main factory, Eng Aun Tong, was set up at 89 Neil Road, Chinatown, Singapore . Aw also founded several newspapers, including Sin Chew Jit Poh , Sin Pin Jit Poh , and Sing Tao Daily . Aw fled to Hong Kong during World War II and managed

2800-437: The confederation – tried to wrest Sungai Linggi from Sungai Ujong's control. Negeri Sembilan at that time was connected to Malacca via Sungai Linggi, and a high volume of trade passed through Sungai Linggi daily. Whoever controlled Sungai Linggi would gain wealth simply through taxes. Dato' Kelana Sendeng died in 1873. In early 1873, Sayid Abdul Rahman took his place, becoming the new Dato' Kelana. The death however did not repair

2870-469: The fight for the throne. Among those British individuals was British trader W. H. M. Read. Furthermore, he promised to accept a British advisor if the British recognised him as the legitimate ruler of Perak. The Governor of the Straits Settlements at that time was Sir Harry Ord who was a friend of Ngah Ibrahim, who had unresolved issues with Raja Abdullah. With Ord's aid, Ngah Ibrahim sent sepoy troops from India to prevent Raja Abdullah from actively claiming

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2940-479: The island of Penyengat , off the coast of Bintan , the capital of the Riau Archipelago. There, new plans were drawn up, and in 1819 Raffles made a deal with Tengku Hussein. The agreement stated that the British would acknowledge Tengku Hussein as the legitimate ruler of Singapore if he allowed them to establish a trading post there. Furthermore, Tengku Hussein and the temenggung would receive a yearly stipend from

3010-749: The island. His sons took over his businesses after Aw's death. Aw had an adopted daughter, Sally Aw , a businesswoman and former politician. Born in Rangoon as the daughter of Aw Boon Haw and his fourth wife, Aw Seng (胡星), Sally has resided in Hong Kong and Singapore and set up a company under her father's name, Aw Boon Haw Pte Ltd, to continue the heritage and legacy of her father. Aw Seng died on 10 April 2012 in Vancouver, Canada, aged 100. British Malaya The term " British Malaya " ( / m ə ˈ l eɪ ə / ; Malay : Tanah Melayu British ) loosely describes

3080-413: The late 1860s. Two of them were Kuala Lumpur and Klang . A Chinese kapitan named Yap Ah Loy was instrumental in developing Kuala Lumpur. As in Perak, this rapid development attracted interest from the British in the Straits Settlements. The economy of Selangor became important enough to the prosperity of the Straits Settlements that any disturbance there would harm the Straits Settlements. Therefore,

3150-457: The listed company was takeover by Slater Walker . However, the 49.8% stake of Chung Khiaw Bank that was held by the listed company, was sold to domestic competitor United Overseas Bank (UOB) for S$ 22 million. Lee Chee Shan was retired from the position "lifetime president" in July 1971 with a retirement compensation of S$ 750,000. Before his retirement, his monthly salary was S$ 35,500. Lee Chee Shan

3220-515: The locals and even from the Chinese immigrants who worked at the mines of Sungai Ujong. Dato' Kelana's limited popularity made him dependent on another chieftain – Sayid Abdul Rahman – who was the confederation's laksamana raja laut (roughly royal sea admiral). The strained relationship between Dato' Bandar and Dato' Kelana caused frequent disturbances in Sungai Ujong. The years before 1873 were relatively calm as Dato' Kelana had to give extra attention to Sungai Linggi as Rembau – another state within

3290-405: The lucrative trade in tin and rubber , Britain sought to consolidate and centralise control by federating Selangor, Perak, Negeri Sembilan and Pahang into the Federated Malay States (FMS), with Kuala Lumpur as its capital. The Residents-General administered the federation but compromised by allowing the sultans to retain limited powers as the authority on Islam and Malay customs. Modern legislation

3360-536: The next ruler of Negeri Sembilan, the Yamtuan Besar . This conflict between the two princes divided the confederation and threatened the reliability of tin supply from Negeri Sembilan. Sungei Ujong , a state within the confederation in particular was the site of many locally important mines. It was ruled by Dato' Kelana Sendeng. However, another local chieftain named Dato' Bandar Kulop Tunggal had more influence than Dato' Kelana. Dato' Bandar received great support from

3430-598: The northern Malay states , especially Kedah , Terengganu, Kelantan and Patani , prevented the EIC from trading in peace. Therefore, in 1826, the British, through the EIC, signed a secret treaty known today as the Burney Treaty with the King of Siam. The four Malay states were not present during the signing of the agreement. In that treaty, British acknowledged Siamese sovereignty the four states. In return, Siam accepted British ownership of Penang and Province Wellesley and allowed

3500-528: The point that not even Ngah Ibrahim , the Menteri Besar (chief minister), was unable to enforce the rule of law. Meanwhile, there was a power struggle in the Perak royal court. Sultan Ali died in 1871 and the next in line for the throne was the Raja Muda Raja Abdullah . Despite that fact, he was not present during the burial of the sultan. As in the case of Tengku Hussein of Johor, Raja Abdullah

3570-478: The relationship between Dato' Kelana and Dato' Bandar. On the contrary, it deteriorated. The new Dato' Kelana was deeply concerned with Dato' Bandar's unchecked influence, and sought ways to counter his adversary's power. When the British changed their non-interventionist policy in 1873 by replacing Sir Harry Ord with Sir Andrew Clarke as the Governor of the Straits Settlements, Dato' Kelana immediately realised that

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3640-493: The revenue of Selangor and Perak. The Unfederated Malay States, on the other hand, maintained their quasi-independence, had more autonomy, and instead of having a Resident they were required only to accept a British Advisor, though in reality they were still bound by treaty to accept the advice. The British undertook far less economic exploitation in the Unfederated Malay States as they primarily desired to simply keep them in line; limited economic potential in these states deterred

3710-401: The south of Perak also had considerable deposits of tin around Hulu Selangor in the north, Hulu Klang in the central area and Lukut near Negeri Sembilan to the south. Around 1840, under the leadership of Raja Jumaat from Riau, tin mining became a huge enterprise. His efforts soon were rewarded by Sultan Muhammad Shah of Selangor ; Raja Jumaat was appointed as Lukut's administrator in 1846. By

3780-488: The state. It was only in 1930 that the ruler Raja Syed Alwi recognised the British presence in Perlis by admitting Meadows Frost as the first British advisor in Perlis. Perak is a state on the west coast of the Malay Peninsula. In the 18th and 19th centuries it was discovered to be rich in tin , with the richest alluvial deposits of tin in the world. Europe at the same time was undergoing an industrial revolution and this created

3850-559: The three holdings formed the backbone of the settlements, Christmas Island , the Cocos Islands , Labuan , and Dindings (in Perak ) were also placed under the authority of the Straits Settlements. Until 1867, the Straits Settlements were answerable to the British administrator of the East India Company (EIC) in Calcutta . The settlements' administrators were dissatisfied with the way Calcutta

3920-507: The throne and extending control over the Chinese secret societies. By 1873 the Colonial Office in London came to perceive Ord as incompetent. He was soon replaced by Sir Andrew Clarke and Clarke was ordered to get a complete picture of what was happening in the Malay states and recommend how to streamline British administration in Malaya. The reason was that London was increasingly aware that

3990-807: The tip of the Malay Peninsula. The island was ruled by a temenggung . Singapore was then under the control of Tengku Abdul Rahman , the Sultan of the Johore-Riau-Lingga Sultanate (otherwise known as the Johor Sultanate ), in turn under the influence of the Dutch and the Bugis . The Sultan would never agree to a British base in Singapore. However, Tengku Abdul Rahman had become sultan only because his older brother, Tengku Hussein or Tengku Long, had been away getting married in Pahang when their father – Sultan Mahmud Shah III – died in 1812. In Malay tradition,

4060-428: The year progressed, British influence increased to the point that an assistant resident was placed there to advise and assist Dato' Kelana with the governance of Sungai Ujong. The British became involved in the administration of Pahang after a civil war between two candidates to the kingdom's throne between 1858 and 1863. To streamline the administration of the Malay states, and especially to protect and further develop

4130-600: Was a blood relatives of Aw Boon Haw and Boon Par, according to Lee granddaughter's autobiography (distant relatives) and a book by the Institute of Southeast Asian Studies ( first cousin once removed ). Lee still served for the bank after the death of Aw Boon Haw. In 1969, Aw Cheng Chye took most of the assets of family-held holding company Haw Par Brothers (Private) Limited public by the incorporation of Haw Par Brothers International and an initial public offering . The assets including equity stake of Chung Khiaw Bank. In June 1971,

4200-491: Was appointed as "lifetime president" from managing director circa 1 June 1971. In 1972, a new logo for both UOB and Chung Khiaw Bank was launched. Some member of Aw family, such as Aw It Haw, remained as the director of Chung Khiaw Bank in January 1972, with the rest was related to UOB. Aw Cheng Chye also remained as the director until his death on 22 August 1971. A proposal to acquire the remaining stake of Chung Khiaw Bank by UOB by

4270-610: Was appointed by the sultan as Klang's administrator. As Lukut's economic importance was slowly declining, that of Hulu Klang was rising. This attracted many labourers to relocate there, especially Chinese immigrants who had worked in Lukut. One person responsible for persuading the Chinese to move from Lukut to Hulu Klang was Sutan Puasa from Ampang . He supplied the mining colonies in Hulu Klang with goods ranging from rice to opium . As Hulu Klang prospered, several settlements started to rise up by

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4340-517: Was appointed to serve as the Sultan's advisor. Around a year later, a lawyer from Singapore named J. G. Davidson was appointed as British Resident in Selangor. Frank Swettenham was nominated for the Resident post but he was deemed too young. Negeri Sembilan was another major producer of tin in Malaya. In 1869 a power struggle arose between Tengku Antah and Tengku Ahmad Tunggal, as both aspired to become

4410-587: Was founded in 1819 by Sir Stamford Raffles , with a great deal of help from Major William Farquhar . 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. Months of research brought him to Singapore, an island at

4480-672: Was handling their affairs and they complained to London. In 1856 the EIC tried to annul Singapore's free port status. In 1858, following the Indian Mutiny , the East India Company was dissolved and British India came under the direct rule of the Crown , which was exercised by the Secretary of State for India and the Viceroy of India . With Calcutta's waning power, and after intense lobbying by

4550-430: Was introduced with the creation of the Federal Council. Although the sultans had less power than their counterparts in the Unfederated Malay States, the FMS enjoyed a much higher degree of modernisation . Federalisation also brought benefit through cooperative economic development , as evident in the earlier period, when Pahang was developed through fiscal federalism , using fiscal equalisation payment funds derived from

4620-434: Was merged with UOB branches. In 1999, Chung Khiaw Bank was finally absorbed by UOB, became UOB branches. Aw Boon Haw Aw was born to Chinese herbalists in Rangoon (now known as Yangon ), Burma on 1882 under the British colonial government . In 1926, due to problems with the British Colonial government at the time, Aw migrated to Malaysia and expanded their business overseas to South East Asia, where he cofounded

4690-435: Was not appointed as the new sultan by the ministers of Perak. Instead the second in line, Raja Ismail, became the sultan of Perak. Raja Abdullah was furious and refused to accept the news kindly. He then sought and gathered political support from various channels, including several of Perak's local chiefs and several British personnel with whom he had done business in the past, with the secret societies becoming their proxies in

4760-409: Was one of the reasons why deposit insurance was introduced in Singapore. Chung Khiaw Bank finally became a wholly owned subsidiary of UOB in February 1988 by issuing 15,230,903 number of UOB new shares as payment for the remaining 17.13 million number of shares (17.1%) of Chung Khiaw Bank. At the time of acquisition, Aw It Haw was still a director of Chung Khiaw Bank. In 1997, Malaysia branches

4830-445: Was separated from the rest of the former colony and made into a separate Crown colony . The Malayan Union was later replaced with the Federation of Malaya in 1948, and in 1963, together with North Borneo, Sarawak and Singapore, formed an enlarged federation called Malaysia. Prior to the late 19th century, the British East India Company (EIC) was interested only in trading, and tried to avoid Malay politics. However, Siam's influence in

4900-466: Was takeover by Slater Walker . Chung Khiaw Bank merged with UOB in 1999. The brand "Chung Khiaw Bank" was survived in nearby Malaysia as a subsidiary of UOB until 1997. In 1997, UOB (Malaysia) merged with Chung Khiaw Bank (Malaysia). In 1971, Chung Khiaw Bank also have two branches in Hong Kong, which became the branches of UOB in 1999. Chung Khiaw Bank was established as a family-held business on 59 Robinson Road, Singapore . The founding chairman of

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