With whom not to deal in Myanmar

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Yangon streetDespite its economic opening, Myanmar remains on the radar of US authorities which, even though broad restrictions on investment and trade with Myanmar have been suspended, still forbids imports of ruby and jade from Myanmar and doing business with military-owned companies.

But the restriction with the greatest impact for investors is against dealings with individuals and companies on the US Treasury Department’s Specially Designated Nationals list, which identifies those linked to sanctioned governments, terrorists and drug traffickers.

The latest additions regarding Myanmar were front companies in- and outside the country owned or controlled by the two Myanmar tycoons Myanmar Steven Law and Tay Za, wealthy businessmen with close ties to the former military regime.

linkdata - Document

linkdata - Document

The newly sanctioned companies are:

ASIA PIONEER IMPEX PTE. LTD., Singapore

TERRESTRIAL PTE. LTD.,  Singapore

ASIA GREEN DEVELOPMENT BANK, Yangon

GOLD ENERGY CO. LTD., Yangon, Shan State

GOLD OCEAN PTE LTD.,  Singapore

GREAT SUCCESS PTE. LTD., Singapore

GREEN LUCK TRADING COMPANY, Yangon

GOLDEN AARON PTE. LTD. a.k.a. CHINA FOCUS DEVELOPMENT, Singapore

 

The existing list comprises the following companies and individuals:

AIR BAGAN Singapore, Yangon, Bangkok

AKIRAPHOKIN, Thit, Thai national

APHICHART, Cheewinprapasi Thai national

ASIA LIGHT CO., Yangon

ASIA WORLD CO., Yangon

ASIA WORLD INDUSTRIES, Yangon

ASIA WORLD PORT MANAGEMENT, Yangon

AUNG, U Win, Myanmar national

AUREUM PALACE HOTEL AND RESORT GROUP, Yangon, Bagan, Rakhine, Ngwe Saung

AYEYA SHWE WAR COMPANY, Yangon

AYEYARWADDY BANK, Yangon

BOONTHAWEE, Sae Jang, Thai national

CO-OPERATIVE EXPORT-IMPORT ENTERPRISE, Yangon

CHA, Ta Fa, Thai national

CHANG, Chin Sung, Thai national

CHATURONG, Taiyai, Thai national

CHUNG, Lo Ping, Myanmar national

DAGON INTERNATIONAL CONSTRUCTION COMPANY, Yangon

DAGON TIMBER, Yangon

DIRECTORATE OF DEFENCE INDUSTRIES, Yangon

ESPACE AVENIR EXECUTIVE SERVICED APARTMENT, Yangon

GOLD ENERGY CO., Yangon

GOLD MOUNT INDUSTRIAL COMPANY LIMITED, Yangon

HONG PANG ELECTRONIC INDUSTRIES, Yangon

GREEN LUCK TRADING COMPANY, Yangon

HAI HSING, Sae Wei, Thai national

HATSADIN, Phonsakunphaisan, Thai national

HAW, Aik, Myanmar national

GEMS & JEWELLERY COMPANY LIMITED, Mandalay

HONG PANG LIVESTOCK DEVELOPMENT COMPANY, Yangon

HONG PANG TEXTILE COMPANY LIMITED, Yangon

TET KHAM PTE. LTD., Singapore

TET KHAM CONSTRUCTION COMPANY LIMITED, Mandalay

HEIN, Aung, Myanmar national

HKIM, Aik Hsam, Thai national

YANGON AIRWAYS COMPANY LIMITED, Yangon

HONG PANG GEMS & JEWELLERY CO., LTD., Hong Kong

HONG PANG GENERAL TRADING COMPANY, Yangon

HONG PANG IMPORT EXPORT GENERAL TRADING COMPANY, Yangon

HONG PANG MINING COMPANY LIMITED, Yangon

HOTEL CHAUNG THA BEACH RESORT, Yangon

HOTEL MAX/HOTEL CHAUNG THA BEACH RESORT, Yangon

HSING, Su, Yangon

HTOO FURNITURE, Yangon, Burma

HTOO GROUP OF COMPANIES, Yangon

HTOO TRADING COMPANY LIMITED, Yangon

HTOO WOOD PRODUCTS, Yangon

HTUN MYINT NAING, Myanmar national

INNWA BANK, Yangon

IRRAWADDY BANK, Yangon

KHINE, Oo Oo, Myanmar national

KLUAI YUAI, Thai national

KRIANGKRAI, Tuangwitthayakun, Thai national

KUAI NUENG, Myanmar national

KYA, La Bo, Myanmar national

LAO, Ssu, Thai national

LAW, Hsit-han , Myanmar national

LAW, Stephen, Myanmar national

LI, Cheng Yu, Thai national

LI, Kai Shou, Myanmar national

LIN, Aung Thein, Brigadier General, Mayor and Chairman of Yangon City City Development Committee

LO, Hsin Han, Myanmar national

LO, Ping Han, Myanmar national

LO, Ping Zhong, Myanmar national

LO, Steven, Myanmar national

LU, Chin Shun, Thia national

LWIN, Saw, Major General, Minister of Industry 2

MAX MYANMAR CONSTRUCTION CO., Yangon

MAX MYANMAR GROUP, Yangon

MAX MYANMAR CO., Yangon

MAX MYANMAR GEMS AND JEWELLERY CO., Yangon

MAX MYANMAR MANUFACTURING CO., Yangon

MAX MYANMAR SERVICES CO., Yangon

MAX MYANMAR TRADING CO., Yangon

MYANMAR ECONOMIC CORPORATION, Yangon

MYANMAR GEM ENTERPRISE, Yangon

MYANMAR INVESTMENT AND COMMERCIAL BANK, Yangon

MYANMAR IVANHOE COPPER CO., Yangon

MIN, Zaw, Colonel, Minister of Electric Power 1

MYANMAR PEARL ENTERPRISE, Yangon

MYANMAR TIMBER ENTERPRISE, Yangon

MYANMAR ECONOMIC BANK, Yangon

MYANMAR FOREIGN TRADE BANK, Yangon

MYANMAR ECONOMIC CORPORATION, Yangon

UNION OF MYANMAR ECONOMIC HOLDINGS LIMITED, Yangon

MYANMAR IMPERIAL JADE CO., Yangon

MYANMAR RUBY ENTERPRISE, Yangon

MYANMAR TREASURE BEACH RESORT, Bagan, Yangon

MYAWADDY BANK, Yangon

MYAWADDY TRADING CO., Yangon

MYINT, Htay, Chairman, Yuzana Company Limited

MYINT, Kyaw, Minister of Health

MYINT, Li, Myanmar national

NO. 1 MINING ENTERPRISE, Yangon

NO. 2 MINING ENTERPRISE, Yangon

NO. 3 MINING ENTERPRISE, Yangon

NYEIN, Chan, Minister of Education

PAO, Hua Chiang, Myanmar national

PAO, Yu Hsiang, Myanmar national

PHAIROJ, Samoechainuek, Thai national

PHAIROT, Mopokoo, Thai national

PHITAK, Samoechainuek, Thai national

ROYAL KUMUDRA HOTEL, Yangon

RUNGRIT, Thianphichet, Thai national

SAO KUAY, Sae Tung Thai national

SHIH, Kuo Neng, Myanmar national

SHWE, Khin, President, Zay Gabar Company

SOONTHRON, Cheewinprapasri, Thai national

SUTHIT, Samsaeng, Thai national

TAY ZA, Managing Director, Htoo Trading Company Limited; Chairman, Air Bagan Holdings; Managing Director, Pavo Trading Pte. Ltd.

TE, Ho Chun, Myanmar national

TET KHAM CONSTRUCTION COMPANY LIMITED, Mandanay, Yangon

TET KHAM GEMS CO., Yangon

THAUNG, U, Minister of Labour; Minister of Science & Technology

THEIN, Tin Naing, Brigadier General, Minister of Commerce

TET KHAM CONSTRUCTION COMPANY, Mandalay

THIT, Akiraphokin, Thai national

TIEN, Ho Chun, Myanmar national

TUAN, Ming Cheng, Thai national

TUAN, Shao Kuei, Thai national

TUN, Hla, Major General, Minister of Finance and Revenue

TUN, Saw, Minister of Construction

WANG, Ssu, Thai national

WANG, Wen Chou, Thai national

WEI, Hsueh Lung, Myanmar national

WEI, Hsueh Ying, Myanmar national

WEI, Hsueh Yun, Thai national

WEI, Ta Han, Thai national

WIN, Aung, Myanmar national

WITTHAYA, Ngamthiralert, Thai national

YANGON AIRWAYS, Yangon

YUN, Cheng, Myanmar national

YUZANA COMPANY LIMITED, Yangon

YUZANA CONSTRUCTION, Yangon

ZAW, Daw Thidar, Myanmar national

ZAW, Thein, Brigadier General, Minister of Telecommunications

ZAW, Thida, Myanmar national

ZAW, Zaw, Managing Director Max Myanmar Group of Companies, Yangon

ZAY GABAR COMPANY, Yangon

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Reading Time: 3 minutes

Despite its economic opening, Myanmar remains on the radar of US authorities which, even though broad restrictions on investment and trade with Myanmar have been suspended, still forbids imports of ruby and jade from Myanmar and doing business with military-owned companies.

Reading Time: 3 minutes

Yangon streetDespite its economic opening, Myanmar remains on the radar of US authorities which, even though broad restrictions on investment and trade with Myanmar have been suspended, still forbids imports of ruby and jade from Myanmar and doing business with military-owned companies.

But the restriction with the greatest impact for investors is against dealings with individuals and companies on the US Treasury Department’s Specially Designated Nationals list, which identifies those linked to sanctioned governments, terrorists and drug traffickers.

The latest additions regarding Myanmar were front companies in- and outside the country owned or controlled by the two Myanmar tycoons Myanmar Steven Law and Tay Za, wealthy businessmen with close ties to the former military regime.

linkdata - Document

linkdata - Document

The newly sanctioned companies are:

ASIA PIONEER IMPEX PTE. LTD., Singapore

TERRESTRIAL PTE. LTD.,  Singapore

ASIA GREEN DEVELOPMENT BANK, Yangon

GOLD ENERGY CO. LTD., Yangon, Shan State

GOLD OCEAN PTE LTD.,  Singapore

GREAT SUCCESS PTE. LTD., Singapore

GREEN LUCK TRADING COMPANY, Yangon

GOLDEN AARON PTE. LTD. a.k.a. CHINA FOCUS DEVELOPMENT, Singapore

 

The existing list comprises the following companies and individuals:

AIR BAGAN Singapore, Yangon, Bangkok

AKIRAPHOKIN, Thit, Thai national

APHICHART, Cheewinprapasi Thai national

ASIA LIGHT CO., Yangon

ASIA WORLD CO., Yangon

ASIA WORLD INDUSTRIES, Yangon

ASIA WORLD PORT MANAGEMENT, Yangon

AUNG, U Win, Myanmar national

AUREUM PALACE HOTEL AND RESORT GROUP, Yangon, Bagan, Rakhine, Ngwe Saung

AYEYA SHWE WAR COMPANY, Yangon

AYEYARWADDY BANK, Yangon

BOONTHAWEE, Sae Jang, Thai national

CO-OPERATIVE EXPORT-IMPORT ENTERPRISE, Yangon

CHA, Ta Fa, Thai national

CHANG, Chin Sung, Thai national

CHATURONG, Taiyai, Thai national

CHUNG, Lo Ping, Myanmar national

DAGON INTERNATIONAL CONSTRUCTION COMPANY, Yangon

DAGON TIMBER, Yangon

DIRECTORATE OF DEFENCE INDUSTRIES, Yangon

ESPACE AVENIR EXECUTIVE SERVICED APARTMENT, Yangon

GOLD ENERGY CO., Yangon

GOLD MOUNT INDUSTRIAL COMPANY LIMITED, Yangon

HONG PANG ELECTRONIC INDUSTRIES, Yangon

GREEN LUCK TRADING COMPANY, Yangon

HAI HSING, Sae Wei, Thai national

HATSADIN, Phonsakunphaisan, Thai national

HAW, Aik, Myanmar national

GEMS & JEWELLERY COMPANY LIMITED, Mandalay

HONG PANG LIVESTOCK DEVELOPMENT COMPANY, Yangon

HONG PANG TEXTILE COMPANY LIMITED, Yangon

TET KHAM PTE. LTD., Singapore

TET KHAM CONSTRUCTION COMPANY LIMITED, Mandalay

HEIN, Aung, Myanmar national

HKIM, Aik Hsam, Thai national

YANGON AIRWAYS COMPANY LIMITED, Yangon

HONG PANG GEMS & JEWELLERY CO., LTD., Hong Kong

HONG PANG GENERAL TRADING COMPANY, Yangon

HONG PANG IMPORT EXPORT GENERAL TRADING COMPANY, Yangon

HONG PANG MINING COMPANY LIMITED, Yangon

HOTEL CHAUNG THA BEACH RESORT, Yangon

HOTEL MAX/HOTEL CHAUNG THA BEACH RESORT, Yangon

HSING, Su, Yangon

HTOO FURNITURE, Yangon, Burma

HTOO GROUP OF COMPANIES, Yangon

HTOO TRADING COMPANY LIMITED, Yangon

HTOO WOOD PRODUCTS, Yangon

HTUN MYINT NAING, Myanmar national

INNWA BANK, Yangon

IRRAWADDY BANK, Yangon

KHINE, Oo Oo, Myanmar national

KLUAI YUAI, Thai national

KRIANGKRAI, Tuangwitthayakun, Thai national

KUAI NUENG, Myanmar national

KYA, La Bo, Myanmar national

LAO, Ssu, Thai national

LAW, Hsit-han , Myanmar national

LAW, Stephen, Myanmar national

LI, Cheng Yu, Thai national

LI, Kai Shou, Myanmar national

LIN, Aung Thein, Brigadier General, Mayor and Chairman of Yangon City City Development Committee

LO, Hsin Han, Myanmar national

LO, Ping Han, Myanmar national

LO, Ping Zhong, Myanmar national

LO, Steven, Myanmar national

LU, Chin Shun, Thia national

LWIN, Saw, Major General, Minister of Industry 2

MAX MYANMAR CONSTRUCTION CO., Yangon

MAX MYANMAR GROUP, Yangon

MAX MYANMAR CO., Yangon

MAX MYANMAR GEMS AND JEWELLERY CO., Yangon

MAX MYANMAR MANUFACTURING CO., Yangon

MAX MYANMAR SERVICES CO., Yangon

MAX MYANMAR TRADING CO., Yangon

MYANMAR ECONOMIC CORPORATION, Yangon

MYANMAR GEM ENTERPRISE, Yangon

MYANMAR INVESTMENT AND COMMERCIAL BANK, Yangon

MYANMAR IVANHOE COPPER CO., Yangon

MIN, Zaw, Colonel, Minister of Electric Power 1

MYANMAR PEARL ENTERPRISE, Yangon

MYANMAR TIMBER ENTERPRISE, Yangon

MYANMAR ECONOMIC BANK, Yangon

MYANMAR FOREIGN TRADE BANK, Yangon

MYANMAR ECONOMIC CORPORATION, Yangon

UNION OF MYANMAR ECONOMIC HOLDINGS LIMITED, Yangon

MYANMAR IMPERIAL JADE CO., Yangon

MYANMAR RUBY ENTERPRISE, Yangon

MYANMAR TREASURE BEACH RESORT, Bagan, Yangon

MYAWADDY BANK, Yangon

MYAWADDY TRADING CO., Yangon

MYINT, Htay, Chairman, Yuzana Company Limited

MYINT, Kyaw, Minister of Health

MYINT, Li, Myanmar national

NO. 1 MINING ENTERPRISE, Yangon

NO. 2 MINING ENTERPRISE, Yangon

NO. 3 MINING ENTERPRISE, Yangon

NYEIN, Chan, Minister of Education

PAO, Hua Chiang, Myanmar national

PAO, Yu Hsiang, Myanmar national

PHAIROJ, Samoechainuek, Thai national

PHAIROT, Mopokoo, Thai national

PHITAK, Samoechainuek, Thai national

ROYAL KUMUDRA HOTEL, Yangon

RUNGRIT, Thianphichet, Thai national

SAO KUAY, Sae Tung Thai national

SHIH, Kuo Neng, Myanmar national

SHWE, Khin, President, Zay Gabar Company

SOONTHRON, Cheewinprapasri, Thai national

SUTHIT, Samsaeng, Thai national

TAY ZA, Managing Director, Htoo Trading Company Limited; Chairman, Air Bagan Holdings; Managing Director, Pavo Trading Pte. Ltd.

TE, Ho Chun, Myanmar national

TET KHAM CONSTRUCTION COMPANY LIMITED, Mandanay, Yangon

TET KHAM GEMS CO., Yangon

THAUNG, U, Minister of Labour; Minister of Science & Technology

THEIN, Tin Naing, Brigadier General, Minister of Commerce

TET KHAM CONSTRUCTION COMPANY, Mandalay

THIT, Akiraphokin, Thai national

TIEN, Ho Chun, Myanmar national

TUAN, Ming Cheng, Thai national

TUAN, Shao Kuei, Thai national

TUN, Hla, Major General, Minister of Finance and Revenue

TUN, Saw, Minister of Construction

WANG, Ssu, Thai national

WANG, Wen Chou, Thai national

WEI, Hsueh Lung, Myanmar national

WEI, Hsueh Ying, Myanmar national

WEI, Hsueh Yun, Thai national

WEI, Ta Han, Thai national

WIN, Aung, Myanmar national

WITTHAYA, Ngamthiralert, Thai national

YANGON AIRWAYS, Yangon

YUN, Cheng, Myanmar national

YUZANA COMPANY LIMITED, Yangon

YUZANA CONSTRUCTION, Yangon

ZAW, Daw Thidar, Myanmar national

ZAW, Thein, Brigadier General, Minister of Telecommunications

ZAW, Thida, Myanmar national

ZAW, Zaw, Managing Director Max Myanmar Group of Companies, Yangon

ZAY GABAR COMPANY, Yangon

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