Straits Trading Company

Last updated
Straits Trading Company
SGX: S20
Key people
Chew Gek Khim (Executive Chairman)
Website www.straitstrading.com.sg

The Straits Trading Company Limited is a Singapore-based corporation with operations in Singapore and Malaysia, as well as various localities in Asia and Australia.

Founded in 1887, the company was the result of a partnership for tin smelting between James Sword, a Scottish businessman, and Herman Muhlinghaus, a German entrepreneur; the Straits Trading Company was later incorporated in Singapore on 8 November 1887 with a hefty capital of S$150,000 during its days. The company eventually rose to become one of the largest tin smelters in the world, operating at tin rich deposits in the Kinta Valley and Klang Valley of then British Malaya (Peninsular Malaysia).

The Straits Trading Building among the high-rises at Marina Bay Singapore High-rises-at-Marina-Bay-01.jpg
The Straits Trading Building among the high-rises at Marina Bay

By the late-20th century, the company began diversifying into hotel and property management, and financial investment; it also became a member of the Tecity Group. Mining and smelting operations that the Straits Trading Company was originally engaged in were eventually carried out by its 73%-owned subsidiary, the Malaysia Smelting Corporation Berhad (MYX : 5916), a public listed company on Bursa Malaysia.

See also


Related Research Articles

<span class="mw-page-title-main">Ipoh</span> City and state capital in Perak, Malaysia

Ipoh is the capital city of the Malaysian state of Perak. Located by the Kinta River, it is nearly 200 km (120 mi) north of Kuala Lumpur and 150 km (93 mi) southeast of George Town in neighbouring Penang. As of the 2020 census Ipoh had a population of 759,952, making it the eighth-largest city in Malaysia by population.

<span class="mw-page-title-main">Temasek Holdings</span> Singaporean state-owned conglomerate

Temasek Holdings (Private) Limited, or simply Temasek, is a global investment company owned by the Government of Singapore. Incorporated on 25 June 1974, Temasek has a net portfolio of US$287 billion as of 2023, with S$27 billion divested and S$31 billion invested during the year.

<span class="mw-page-title-main">Tengku Razaleigh Hamzah</span> Malaysian politician

Tan Sri Tengku Razaleigh bin Tengku Mohd Hamzah is a Malaysian politician who served as the Member of Parliament (MP) for Gua Musang from August 1986 to November 2022 and for Ulu Kelantan from August 1974 to August 1986. He is the longest-serving MP to date, serving from 1974 to 2022, for 48 years in a row. He is sometimes referred to as the Father of Malaysian Economic Development for playing a pivotal role in establishing and implementing key foundations and policies in Malaysian economy. A descendant of Malay royalty, he is a great-uncle of the current Sultan of Kelantan, Sultan Muhammad V.

<span class="mw-page-title-main">ComfortDelGro</span> Singaporean multinational land transport company

ComfortDelGro Corporation Limited, commonly known as ComfortDelGro, is a Singaporean multinational land transport conglomerate listed on the Singapore Exchange that operates more than 41,600 vehicles across seven countries. It was formed on 29 March 2003 through a merger of Singaporean land transport companies Comfort Group and DelGro Corporation.

UCO Bank, formerly United Commercial Bank, is an Indian public sector bank, and financial services statutory body headquartered in Kolkata. UCO Bank is the 10th largest public sector bank in India by total asset and ranked 1948 in Forbes Global 2000 list of year 2018 & ranked 80 on the Fortune India 500 list in 2020. During FY 2022–23, its total business was 4.10 lakh crore. The market capitalisation of bank is 48,947.69 crore (2023).

<span class="mw-page-title-main">Port Dickson (town)</span> Resort town and district capital in Negeri Sembilan, Malaysia

Port Dickson, colloquially referred to as PD is a beach resort in Port Dickson District, Negeri Sembilan, Malaysia. It is the second largest urban area in Negeri Sembilan after Seremban, its state capital. The town's administration is run by the Port Dickson Municipal Council, formerly known as the Port Dickson Sanitary Board from 29 March 1928 until 28 February 1950, Port Dickson Town Board from 1 March 1950 until 30 November 1979, Port Dickson District Council from 1 December 1979 until 1 February 2002.

<span class="mw-page-title-main">Radio Televisyen Malaysia</span> Public broadcaster of Malaysia

Radio Televisyen Malaysia, also known as the Department of Broadcasting, Malaysia is the national public broadcaster of Malaysia, headquartered at Angkasapuri, Kuala Lumpur. Established on 1 April 1946 as Radio Malaya, it is the first and the oldest broadcaster in the country. After Malaysia was formed on 16 September 1963, Radio Malaya was renamed Radio Malaysia. On 28 December that year, television service in Malaysia began with the establishment of Televisyen Malaysia. In 1969, Radio Malaysia and Televisyen Malaysia merged to form the present-day broadcast department. As of 2021, RTM employs over 4,000 staff in total, of whom approximately 2,000 are in public-sector broadcasting, including part-time, flexible as well as fixed contract staff.

Robinsons Department Stores Online Pte Ltd is an online retail company based in Singapore. The company owned Robinsons department stores in Singapore and Malaysia, which closed in 2021. It also operated the largest department store in the Middle East at the Dubai Festival City before its closure in 2021.

<span class="mw-page-title-main">British Malaya</span> Former set of states on Malay Peninsula

The term "British Malaya" loosely describes 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 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.

<span class="mw-page-title-main">Chung Thye Phin</span>

Chung Thye PhinMSC, JP was a Chinese Malayan business magnate, planter, miner, bureaucrat, and philanthropist who served as the last Kapitan Cina of Perak and Malaya. He was reported to be the richest man in Penang.

The New Straits Times Press (Malaysia) Berhad or simply NSTP is a Malaysian conglomerate of publishing companies, owned by Media Prima. The NSTP publishes several newspapers, including the New Straits Times, Berita Harian and Harian Metro.

<span class="mw-page-title-main">Boustead Singapore</span> Singapore engineering company

Boustead Singapore Limited is an engineering services group listed on the Singapore Exchange and headquartered in Singapore.

<span class="mw-page-title-main">Edward Boustead</span> English businessman

Edward Boustead (1800–1888) was an English businessman and philanthropist, who founded Boustead & Co and played an active role in the development of Singapore as a business and trading centre. Boustead was born in Yorkshire, England. He was the great-grandfather of actor David Niven.

The Rubber Trade Association of Penang (槟城树胶公会), one of the oldest surviving rubber trade associations in the country, represents the interests of members of the rubber trade in the state. It is also known as the Penang Rubber Trade Association.

Perbadanan Nasional Berhad was set up in November 1969 as a wholly owned government company to carry out the resolutions at the Second Bumiputera Economic Congress. Among the major shareholders included were Malaysia's Ministry of Finance, Bank Negara Malaysia and Bank Bumiputera Malaysia Berhad. Pernas was put under a solid footing under the chairmanship of Tengku Razaleigh Hamzah (1970–1974) who had been the Minister of Finance from 1976 to 1984.

<span class="mw-page-title-main">Johor Bahru–Singapore Rapid Transit System</span> Cross-border rapid transit system

The Johor Bahru–Singapore Rapid Transit System (RTS) Link is an international cross-border rapid transit system that will connect Malaysia's second largest city, Johor Bahru and Woodlands, Singapore, crossing the Strait of Johor. It will consist of two stations, with the Malaysian terminus at Bukit Chagar station and the Singaporean terminus at Woodlands North station, which also interchanges with Singapore's Thomson–East Coast MRT line.

<span class="mw-page-title-main">Walter Nutt</span>

Walter Frederick Nutt was Managing Director of The Straits Trading Company (1918–21), at the time one of the largest tin smelting companies in the world, a member of the Federal Malay States Legislative Council and a prominent freemason who was District Grand Master of the Eastern Archipelago (1919–23).

Boustead & Co. is an asset management and corporate finance company created by Edward Boustead in 1828 that still exists today.

<span class="mw-page-title-main">Port of Penang</span> Port in Malaysia

The Port of Penang is a deepwater seaport within the Malaysian state of Penang. It consists of terminals along the Penang Strait, including five in Seberang Perai and one in George Town. The Port of Penang was the third busiest harbour in Malaysia in terms of cargo as of 2017, handling 1.52 million TEUs of cargo, as well as the busiest port-of-call within the country for cruise shipping.

Sir John Bagnall was Chairman and Managing Director of the Straits Trading Company Limited (1923–1947), which was one of the largest tin smelting and refining companies in the world, and a member of the Legislative Council of the Straits Settlements.