Htoo Group

Myanmar’s AGD Bank Seeks Foreign Partners, Has Talked With Uber

March 16, 2017 by Thiha

Myanmar’s Asia Green Development Bank Ltd. is seeking foreign partners and has held talks with Uber Technologies Inc. as it seeks to harness digital platforms to service the most under-banked country in Asia. The lender’s search for ride-sharing partners included “very preliminary” discussions with Uber’s Myanmar head, AGD Bank’s Managing Director Htoo Htet Tay Za […]

US terminated remaining sanctions against Myanmar on 7 Oct 2016

October 8, 2016 by thiha

On 7th October 2016 – President Obama signed the Executive Order to terminate the remaining economic and financial sanctions against Myanmar that make it very difficult for US banks, financial institutions and companies to do business with Myanmar. That means the following group of people and entities have been removed from the US Sanction List […]

Filed Under: Featured Stories Tagged With: asia world, deletion, Executive Order, Htoo Group, Khin Shwe, Max Myanmar, OFAC, President Obama, sdn list, Steven Law, Tay Za, termination, US sanction, Zaw Zaw, Zaykabar

Complete List of 204 entities and individuals removed from the US Sanction List for Burma

October 8, 2016 by thiha

The following deletions have been made to OFAC’s SDN List for Burma as of 7/10/2016: STATE PEACE AND DEVELOPMENT COUNCIL OF BURMA [BURMA]. SHWE, Than; DOB 02 Feb 1935; alt. DOB 02 Feb 1933; nationality Burma; citizen Burma; Senior General, Minister of Defense and Commander-in-Chief of Defense Services; Chairman, State Peace and Development […]

Filed Under: Featured Stories Tagged With: asia world, deletion, Htoo Group, Khin Shwe, Max Myanmar, Myint Htay, OFAC, sdn list, Steven Law, Tay Za, termination, US sanction, Yuzana Group, Zaw Zaw, Zaykabar

Time to re-look your investment plan in Myanmar as Obama pledges to lift all remaining sanctions against Myanmar

September 15, 2016 by thiha

President Obama this morning pledge that the US will lift all remaining sanction s against Myanmar after meeting Daw Aung San Suu Kyi at the Oval Office. Currently the last remaining Myanmar tycoons on the SDN List are Steven Law of the Asia World Group U Zaw Zaw of the Max Myanmar Group U […]

Filed Under: Featured Stories, Latest News Tagged With: asia world, Daw Aung San Suu Kyi, Htoo Group, Khin Shwe, Max Myanmar, Myanmar Economic Corporation, Myanmar Ruby Enterprise Co Ltd., Myawaddy Bank Ltd, sdn list, Steven Law, Tay Za, Union of Myanmar Economic Holdings, US sanction, Zaw Zaw, Zaykabar Group

US eases Myanmar sanction to aid business

May 17, 2016 by thiha

Photo Credit: File Photo from Nov. 14, 2014 meeting between Obama and Aung San Suu Kyi in Yangon (Nyein Chan Naing / European Press Photo Agency) The US government has removed 3 government banks and 7 government agencies responsible for promoting investment and export in various sectors of this resource rich country off the sanction […]

Filed Under: Featured Stories, Latest News Tagged With: Andrew Tan, asia world, Co-Operative Export-Import Enterprise, eases sanction, Htoo Group, Managing Director Consult-Myanmar Co Ltd, Myanma Economic Bank, Myanma Foreign Trade Bank, Myanma Gem Enterprise, Myanma Investment and Commercial Bank, Myanma Pearl Enterprise, Myanma Timber Enterprise, Myanmar, No (2) Mining Enterprise, No. 3 Mining Enterprise, No.(1) Mining Enterprise, OFAC, sdn list, Steven Law, Tay Za, US sanction, Zaw Zaw

Dawei residents protest against $3 billion oil refinery

May 10, 2016 by Thiha

A collection of civil society groups in the southern city of Dawei has begun to actively protest a Chinese-led US$3 billion proposal to build Myanmar’s largest oil refinery on their doorstep. Local businesses, civil society organisations and villagers are circulating a petition calling for the new National League for Democracy-led government to reconsider the project […]

Filed Under: Latest News Tagged With: Dawei Development Association, Dawei residents, Directorate of Investment and Company Administration, eco-resort, Environmental and Social Impact Assessment Reports, Environmental Compliance Certificate, Guangdong Zhenrong Energy Co, Htoo Group, Ko Thant Zin, Mandolis Resort, Myanma Petrochemical Enterprise, Myanmar Economic Holdings Limited, Myanmar investment commission, National League for Democracy, Nawar Al Bitar, oil refinery, protest, Tizit Beach, U Thein Sein, Yangon Engineering Group

In Burma, a Fine Line Between CSR and Karmic Cash

March 23, 2016 by thiha

RANGOON — It was perhaps inevitable that Burma’s business sector would struggle with the idea of corporate social responsibility (CSR), operating in a country of high charitable giving and stark contrasts between its wealthiest and poorest citizens. At least in part, this stems from the reality that CSR, as a concept, has only caught on […]

Filed Under: Latest News Tagged With: Aung Ko Win, Aung Myo Shein, Burma, CEO, Charitable Aid Foundation, Chit Khine, CSR, Dagon City, Eden Group of Companies, Group, Htoo Group, human rights, Kanbawza, Karen State, kbz, Labor Tom Malinowski, london, Max Myanmar Group, MCRB, Myanmar Centre for Responsible Business, Myitsone, National League for Democracy, NLD, Rangoon, Reporting Asean, Tay Za, Thomas Thomas, US Assistant Secretary of State for Democracy, US Treasury Department, Zaw Zaw

Military-linked tycoons claim political middle ground

November 10, 2015 by thiha

Despite decades of benefiting from connections within the military and ruling Union Solidarity and Development Party (USDP), many of Myanmar’s leading conglomerates have claimed to be politically neutral. Spokespeople for some of the country’s most successful companies including Asia World, Htoo Group, Kanbawza (KBZ) Group and Max Myanmar said as private businesses they had […]

Filed Under: Latest News Tagged With: Asia World company, Capital Diamond Star Group, Cyrus Pun, Htoo Group, KBZ Group, Max Myanmar, military-linked tycoons, NLD, political donation, political middle ground, Serge Pun Associate, U Khin Shwe, U Kyo Kyo Gyi, U Nyo Myint, U Tay Za, U Zay Thina, US Blacklist, US Sanctions, US SDN List, USDP, Yoma Strategic, Zaw Zaw, Zaykabar Company

YSX provisional licences awarded

October 12, 2015 by Thiha

Eight companies have been offered conditional underwriting licences for the Yangon Stock Exchange, subject to paid-up capital. The exchange, which is owned by state-owned Myanma Economic Bank, Daiwa Institute of Research and Japan Exchange Group, is due to open in December. Companies including AYA Bank, Daiwa Securities Group and United Amara Bank were offered provisional […]

Filed Under: Latest News Tagged With: AYA Bank, CEO of Thura Swiss, Daiwa Institute of Research, Daiwa Securities Group, Directorate of Investment and Company Administration, Htoo Group, initial public offering (IPO), Japan Exchange Group, Myanma Economic Bank, Myanmar Financial Reporting, Securities and Exchange Commission of Myanmar (“SECM”), U Aung Thura, U Serge Pun, United Amara Bank, Yangon Stock Exchange

Coal power projects to be delayed

September 2, 2015 by Thiha

All of Myamar’s planned coal-fired power projects are likely to be delayed beyond the general election, which is set to be held on November 8, according to officials. A memorandum of understanding (MoU) for 11 coal-fired power plants was signed between the Ministry of Electric Power (MOEP) and local and international private companies in 2010, […]

Filed Under: Latest News Tagged With: coal and gas-fired, coal and hydropower, deputy minister for MOEP, election, electricity generation, head of Parami Energy, Htoo Group, Huaneng Lancang, ISDN Holding, Ken Tun, Ministry of Electric Power (MOEP), MOU, Tun Thwin Mining, U Maw Thar Htwe