Booming Chinese Demand For Jade Fuels Armed Conflict And Entrenched Corruption In Myanmar

From the garden deck of his office, Yup Zau Hkawng looks over one of the greener cities in Asia. Myitkyina is the capital of Myanmar’s Kachin State, its wide boulevards lined with trees. The sleepy town boasts a bustling downtown market painted vivid green, just a few blocks from the modest but charming central library, […]

Tycoon Tay Za announces uranium purchase

Tay Za, chairman of Htoo Group of Companies, said at a press release at his residence on January 19 that he has purchased uranium-bearing ores weighing 3.5 visses. He said he brought the ores at a price of Ks 20 million per viss from lapidaries Aung Naing from Mogok and Nyunt Wai from Phone-Kan village, […]

Two more firms allowed to offer insurance services in dollars

The government has allowed two more companies namely, First National Insurance Co Ltd and Aung Thitsar Oo Co Ltd to offer their insurance services in US dollars after inspecting their capital is free from black MONEY. First National Insurance is owned by tycoon Tay Za’s Htoo Group and Aung Thitsar Oo belongs to military-owned Myawaddy. […]

Tay Za replaced as head of gem association

Yone Mu from Sane Lin Yadanar Jewellery Company has been elected as the new chairperson of Myanmar Gems and Jewellery Entrepreneurs Association, replacing tycoon Tay Za who runs the Htoo Group of Companies. Yone Mu said he would work to move the jewellery industry up the value chain from supplying raw materials to producing finished […]

Myanmar’s Tay Za ‘Rethinking’ Bank Sale to Ne Win’s Family

YANGON — Burmese tycoon Tay Za has said he is “reconsidering” an offer from the family of late dictator Gen. Ne Win to buy a majority stake in Asia Green Development (AGD) Bank. Last month a small share in the bank was transferred to one of Ne Win’s grandsons, with another grandson claiming that the […]