Understanding Financial Risk Management

Berita Terbaru Bisnis, Ekonomi, Investasi Indonesia

In the late fifteenth and 16th centuries, Surabaya grew to a duchy, a major political and navy power in japanese Java. The Portuguese writer Tomé Pires mentioned that a Muslim lord was in power in Surabaya in 1513, although doubtless still a vassal of the Hindu–Buddhist Majapahit. By that time, Surabaya was already a major trading port, owing to its location on the Brantas River delta and the trade route between Malacca and the Spice Islands through the Java Sea. During the decline of Majapahit, the lord of Surabaya resisted the rise of the Demak Sultanate and only submitted to its rule in 1530. Ampel Mosque in-built 1421The Surabaya area was as quickly as the principle gateway to the capital of the Majapahit Kingdom from the ocean, on the mouth of Kali Mas river. The anniversary of the city of Surabaya was set on May 31, 1293, commemorating the victory of the Majapahit led by Raden Wijaya towards the Mongol invasion.

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