Ayer Shwe Wah

Ayer Shwe Wah Company
Native name
 ဧရာရွှေဝါကုမ္ပဏီ
Founded January 1998 (1998-01)
Headquarters Bahan Township, Yangon, Myanmar
Key people
 Aung Thet Mann (CEO)
Owner Aung Thet Mann
Website aysw.com.mm

Ayer Shwe Wah Company (Burmese: ဧရာရွှေဝါကုမ္ပဏီ) is a major Burmese company under the Htoo Group of Companies.[1] The company was the first private company to be permitted to export Burmese-grown rice to Bangladesh and Singapore in 2005.[2] Its headquarters are located in Bahan Township, Yangon.[3] Ayer Shwe Wah's CEO, Aung Thet Mann, is the son of Shwe Mann, a former military general and currently Speaker of the Pyithu Hluttaw.[2][3]

The company has been sanctioned by the United States government since 18 October 2007 for its ties to the ruling military junta, the State Peace and Development Council.[4] On 15 May 2010, it won a license to operate gas stations in Myanmar, as part of the Ministry of Energy's privatization efforts.[5]

When Shwe Mann was Regional Commander in the Ayeyarwady Division, Ayer Shwe Wah received lucrative government contracts to supply fertilizers to farmers throughout the delta.[6] The company also received 30,000 acres of land for development under the government’s Lowland Development Program. These have since been returned with all dues and taxes paid for.

Ayer Shwe Wah has also been involved in construction projects in Naypyidaw.[7]

References

  1. ↑ "Tay Za Financial Network" (PDF). Department of the Treasury Office of Foreign Assets Control. February 2008. Retrieved 11 July 2015.
  2. 1 2 "Shwe Mann". Alternative Asean Network on Burma. Retrieved 11 July 2015.
  3. 1 2 "AYER SHWE WAH CO.,LTD COMPANY PROFILE". Ayer Shwe Wah Company. Retrieved 11 July 2015.
  4. ↑ McCartan, Brian (21 February 2008). "Smart sanctions target Myanmar tycoon". Asia Times. Retrieved 11 July 2015.
  5. ↑ Ye Lwin; Myo Myo (17 May 2010). "Fuel stations to open as private operations". Myanmar Times. Retrieved 11 July 2015.
  6. ↑ "Shwe Mann", ALTSEAN-Burma, n.d. Retrieved May 30, 2015.
  7. ↑ "Shwe Mann", ALTSEAN-Burma, n.d. Retrieved May 30, 2015.
This article is issued from Wikipedia - version of the 8/25/2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.