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The Dutch East India Company (Vereenigde Oost-Indische Compagnie or VOC in Dutch, literally ‘United East India Company’) was a chartered company established in 1602. It was also arguably the world's first mega-corporation, possessing quasi-governmental powers, including the ability to wage war, negotiate treaties, coin money, and establish colonies. Statistically, the VOC eclipsed all of its rivals in the Asia trade. The VOC enjoyed huge profits from its spice monopoly through most of the 1600s. The VOC became bankrupt and was formally dissolved in 1800.
British territorial acquisitions in the countries that now comprise Malaysia and Singapore date back to 1786, when the Sultan of Kedah, menaced both by occasional Burmese and Siamese attacks, ceded Penang Island to the British East India Company in exchange for protection against his aggressive northern neighbours.<br/><br/> On August 11, 1786, Captain – later Sir – Francis Light took possession of the island and renamed it Prince of Wales Island. In 1798 a strip of coastal territory opposite Penang was similarly ceded to the British, and renamed Province Wellesley.<br/><br/> In 1946 Singapore became a separate Crown Colony, while Penang and Malacca both joined the Malayan Union, which became the Federation of Malaysia in 1963. Two years later, in August 1965, Singapore left the federation and became an independent state in its own right.
The Dutch East India Company (Vereenigde Oost-Indische Compagnie or VOC in Dutch, literally ‘United East India Company’) was a chartered company established in 1602. It was also arguably the world's first mega-corporation, possessing quasi-governmental powers, including the ability to wage war, negotiate treaties, coin money, and establish colonies. Statistically, the VOC eclipsed all of its rivals in the Asia trade. The VOC enjoyed huge profits from its spice monopoly through most of the 1600s. The VOC became bankrupt and was formally dissolved in 1800.