The Dutch government granted the Dutch East India Company a monopoly on Asian trade in 1602. A year later, the first permanent Dutch trading post in Indonesia was established in Bantam, West Java. Prince Jayawikarta gave Dutch merchants permission to build a wooden warehouse and houses on the east bank of the Ciliwung River opposite Jayakarta in 1610, and the outpost was established the following year. As Dutch power increased, Jayawikarta allowed the English to build houses on the west bank of the Ciliwung and a fort near his customs office to maintain a balance of power.