zaykabar company
zaykabar company limited added a new... - zaykabar company limited | facebook
zaykabar co. , ltd. is located in mingalardon, myanmar. company is working in construction services business activities .
a group of farmers from mingalardon township embroiled in a land dispute with construction company zaykabar have applied to form an agribusiness company, a politician helping the farmers said .
an office tower built by zaykabar group on pyay road has opened for business .
zaykabar engineering & construction co. , ltd. system engineering co. , ltd .
zaykabar is no stranger to land grabs, and the land on which the mingaladon monastery sits has been disputed by the company and local farmers .
farmers from shwenanthar village in mingalardon township hold a meeting on may 10 over a land ownership dispute with zaykabar company. ko taik / the myanmar times
about 20 people wearing zaykabar company uniforms entered the monastery’s grounds at about 10 a. m. , said chit oo maung, the monastery’s organizer .
zaykabar company, a myanmar conglomerate, was founded 26 years ago by khin shwe, who is its president. the former lawmaker in the country’s upper house of parliament is also chairman of zaykabar engineering & construction co. , ltd. , and other firms .
u khin shwe, the representative for yangon region constituency 9 and owner of zaykabar company, informed the hluttaw on september 12 he planned to establish the mya yeik nyo foundation for health, education and culture .
you’re referring to that fact that zaykabar received a lease for 25 acres of land around kandawgyi lake for k30 million a year .
khin shwe’s zaykabar conglomerate reported profit of about u. s. $ 20 million in 2014, according to a november 2015 reuters report .
the company’s clients include total, unocal, halliburton, premier oil, petronas and daewoo .
real estate tycoon u khin shwe discusses his close friendship with daw aung san suu kyi, land confiscations associated with his company zaykabar and his reputation as a crony of the former military regime, in an interview with the myanmar times .
[ yangon mayor u hla myint later stated that the zaykabar contract had been renegotiated in october, with the rent doubling to k60 million a year. ]
zaykabar was also involved in confiscating land from farmers in mon state’s kyaikmayaw township beginning in 2009 for a cement manufacturing plant, sparking charges of unfair compensation .
a group of people from zaykabar company ltd. said the monastery in mingaladon township on the outskirts of the commercial capital yangon was situated on land in a project development area, even though other monasteries surround the one in question, said abbot ashin nithagra .
zaykabar initially said it would build an industrial zone on the site and began destroying embankments in the area in early may, against the orders of the government .
u khin shwe, chair of zaykabar company and a patron of the myanmar construction entrepreneurs association, told the myanmar times that a list of construction industry grievances – from workers and developers alike – would be drawn up and submitted to the yangon region and union governments .
his younger brother, capt toe naing mann, also has close connections to the business community. he is married to the daughter of another tycoon, zaykabar khin shwe .
in a february 2010 incident, zaykabar became embroiled in another land dispute when it acquired nearly 850 acres (344 hectares) of land from farmers in the township’s shwenantha village .
“we built this tower based on our own experience and office needs, taking our time to ensure the facilities are good, ” said daw zin zay latt, a director of zaykabar group .
a pioneer in the burmese real estate industry, 58 - year - old khin shwe runs zaykabar company, the country’s leading property developer. the company has been behind numerous high - profile projects, including the yangon industrial park, the royal mingaladon golf and country club, the kandawgyi nature park and recreation zone, the mya yeik nyo royal hotel, the pyay garden condominium and the karaweik palace reception hall and restaurant on rangoon’s kandawgyi lake .
“the fact that eden, yuzana, and zaykabar don’t seem to ‘get’ the importance of transparency and stakeholder engagement is a strategic business failing in the modern world and democratic burma, ” bowman said .
yuzana was ranked second - to - last in the survey, and the eden group was listed as 11th from the bottom. zaykabar was among the companies surveyed which did not have a website .
after setting up the htoo company in the early 1990s, tay za dramatically expanded his business empire by working closely with the military regime. myanmar avia export co ltd, a company he created to supply the burmese military with spare parts for its aircraft, is burma’s sole representative of russia’s export military industrial group, known as mapo, and of the russian helicopter company rostvertol .
the company began bulldozing land in the area that same month, defying government orders not to do so, the report said .
a graduate of the rangoon institute of economics, aung thet mann, 33, set up the ayer shwe wah company several years ago. the company is involved in construction, palm oil production and the import and export of chemical fertilizers and agricultural products .
he co - founded the company with former army captain win thein in the early 1990s to invest in construction projects in rangoon .
u zay thiha, a myanmar citizen, aged 37, was first director named in the articles of association of the company. he is the group vice chairman of zaykabar company limited and chairman of z corporation company limited. he graduated with bachelor of science for environmental studies at university of dagon, yangon. he is involve in both companies operation as major decision maker for various project involve both local and international partnership. he is a visionary leader with positive thinking toward all potential business opportunity proposals. his vision and business acumen combined with his spirit of assisting the less fortunate places him among the most reputable and successful business persons in the myanmar society. he along with senior board of management consist local and foreign skills and knowledgeable professional to establish various other local and foreign projects development from jointly developing feasibilities study, developing master plan, creating investment feasibilities and potentially enter into implementation of project that brings skills and technology transfer into the fast developing myanmar. he is currently the vice chairman in zaykabar corporation company limited, the 30% shareholder of the company .
the yuzana company has interests in a number of industries, including transportation, construction, hotel and tourism, palm oil production and rubber plantations. the company also owns the yuzana supermarket and yuzana hotel in rangoon and has established an oil refinery in rangoon’s thaketa township .
the company has enough funds from its wider operations to keep paying salaries on frozen projects for around six months, u myo myint said .
it is widely believed that high - ranking burmese generals are shareholders in ruby dragon jade & gems co ltd, the largest company of its kind in burma. in the early 2000s, the company donated a massive 3, 000 - tonne slab of jade to the junta .
the land – approximately 800 acres – was allegedly acquired by zaykabar in early 2010 with the assistance of local government officials. farmers say that the officials tricked them into believing it was being acquired for a government project .
zaykabar also owns prime real estate holdings, including an office tower in yangon that opened last year and karaweik palace, a gold - painted barge with a restaurant that was frequented by myanmar’s generals during the junta years, according to reuters .
the acreage was needed to supplement previous land acquired on which the company was building a residential, commercial, and industrial park complex called mingaladon garden city .
the managing director of tin win tun company is heavily involved in teak plantations and in the hotel industry. the company is ranked as the second largest timber enterprise in burma and is a major exporter of teak and other rare hardwoods. tin win was closely associated with the late prime minister gen soe win .
“there are 85 farmers who want to establish a company on their own and they have already collected k83 million to do so, ” nay myo wai said .
maung weik founded the maung weik & family company a decade ago as the biggest importer of steel and gilding glue for use in the building and maintenance of pagodas .
u kyaw kyaw naing from i - green construction said his company could keep paying its workers’ salaries for another three months, but no longer. the company had already told the workers that salaries would not continue past 12 weeks, but it would be hard for workers to find new work during the rainy reason amid the city - wide suspension, he said .
the company started to develop the site of the project in 2000, building a residential tower, which has not yet opened. construction of pyay garden office tower began in 2013 .
mr. wong kit - leong, a malaysian, aged 44, was first director named in the articles of association of the company. he graduated with a bachelor of commerce from the university of british columbia, canada in 1995. he began his career with citibank malaysia in 1995 before moving to abric berhad in 1999. during his tenure in abric up to 2007, he served as executive director / chief operating officer. he is also a substantial shareholder and chief executive officer (ceo) of ho hup construction company berhad, the 70% shareholder of the company .
“i have offered to solve this problem legally with the company, but they didn’t listen to my offer, and now they have destroyed my monastery in a violent manner, ” he said .
in a statement released on monday, serge pun celebrated his companies’ high rankings in the mcrb report, describing it as an honor “to be recognized this year as myanmar’s most transparent company. ”
ayer shwe wah is a subsidiary of htoo trading company, which aung thet mann joined in 1997 after he was recruited by ceo tay za. in 2001, the regime gave ayer shwe wah more than 30, 000 acres of wetlands and rice paddy in the delta region. in 2005, it became the first private company to receive permission to export rice to bangladesh and singapore .
the farmers claimed that zaykabar, with the help of local government officials, had tricked them into handing over their land tenure rights in exchange for little or no compensation and led them to believe that the property was being acquired for a government project, according to a may 2012 report in the myanmar times .
myint & associates was the first private burmese company to enter the oil and gas industry as a service contractor and is now recognized one of the top 10 companies in this booming sector of the burmese economy .
a former senior pilot at myanmar airways, michael moe myint later worked at an airways equipment export company in california. he founded myint & associates group companies in 1989 and currently serves as the managing director .
“we are very willing to establish a company ourselves. i believe we can do it well and also form a union, ” a farmer from shwenanthar village told the myanmar times in the second week of may .
the company provides a wide range of services, including warehouse construction and rental, logistics, maintenance, procurement, equipment rental, engineering, agency representation and general services related to oil and gas exploration and production .
golden aaron pte ltd is associated with a contract between myanmar oil and gas enterprise and a business group—including the china national offshore oil company myanmar ltd—to carry out oil and gas exploration in kyauk phyu, arakan state .
company business is still going strong, thanks to tun myint naing’s connections in china. beijing has no interest in imposing sanctions on burma as long as it enjoys a special relationship with the burmese regime and its cronies .
a company with ties to myanmar’s powerful military destroyed a building on the grounds of a buddhist monastery in yangon region on tuesday, claiming that the religious site was on land requisitioned for a development project, monastery officials said .
dr. khin shwe, a very successful engineer, contractor and a developer, has since 1970s gained the vast experience in construction project of many government buildings, roads and bridges. with his expertise, zaykabar has set impressive track records in construction industry and real estate property development. he is also actively involved in other business & social activities ...
in 1997, he hired an american pr company, bain and associates inc, to improve relations with the us. however, in 2007, he was placed on the us sanctions list for his close ties to the regime .
the smallest offices are priced at $ 2787 per month, rising to $ 47, 750 per month for a 7339 - square - foot office on the building’s top floor. eleven units have already been reserved, according to company data .
because of his russian connections, he was said to be instrumental in the junta’s purchase of advanced mig - 29 fighter - bombers and military helicopters. the company denied this, saying it helped to purchase only civilian helicopters for the regime .
the company maintains a very close relationship with the regime. tun myint naing recently accompanied snr - gen than shwe on a visit to cyclone - affected areas of the irrawaddy delta and has been given contracts for reconstruction projects in the region .
ms. victoria, a malaysian, aged 44, was first director named in the articles of association of the company. she is a chartered accountant in the malaysian institute of accountants and member of malaysian institute of certified public accountant. her career started as an auditor in ernst and young from 1991 to 1997. she joined construction and property development company asia pacific land berhad as finance manager until year 2001 followed by nam fatt corporation berhad to year 2003. in may 2003, she moved on to join segi educational group international (segi) a regional higher education provider as senior finance manager. she later joined international commercial bank (icb) financial group holdings ag as chief financial officer in 2006. icb is an international financial services provider based in schindellegi, switzerland, with subsidiaries in eastern europe, africa and asia. she is currently the general manager in finance and corporate department of ho hup construction company berhad, the holding company which owned 70% of the company. she joined ho hup construction since 2009. she has more than 20 years experiences in provision of public services, financial and management experiences in diversified industries mainly in banking and financial, education, construction and property development sector .
the farmers from shwe nanthar village in rural mingaladon applied to the directorate of investment and company administration under the ministry of national planning and economic development in nay pyi taw for permission to establish shwe wah su paung nyi nyar co ltd on may 17 .
the founder of the mother trading company ltd, aung myat, has invested heavily in the country’s cement industry. the young chinese businessman embarked on building his cement empire in the early 1990s, and is now assured of lucrative construction projects from government ministries .
eike tun’s other major operation, the olympic construction co, continues to thrive, however. the company invests heavily in residential property and hotel development in rangoon. olympic is also involved in hydroelectric projects and plans to build the baluchaung 3 hydropower dam in karenni state .
kyaw win is the chairman of the shwe than lwin company, which imports vehicles, construction materials and heavy machinery to burma. he also engages in business with ethnic insurgent groups, especially the democratic karen buddhist army, which has reached a ceasefire agreement with the regime .
mr. lee chen fee, a malaysian, aged 47, was first director named in the articles of association of the company. he graduated with a degree in civil engineering from the university of malaya in 1990. he began his career as resident engineer with hashim and neh consulting sdn bhd in january 1991. he subsequently served as engineer with l & m geotechnic sdn bhd since november 1991 before he moved to apg geo - systems sdn bhd in march 1993. during his tenure in apg geo - systems sdn bhd up to january 2002, he served as project manager and then redesignated as business development manager in june 1996. in january 2002, he moved to relevant technology (em) sdn bhd and served as general manager and thereafter he served as general manager with trans msb builders sdn bhd since july 2004. he joined ho hup construction company berhad, the 70% shareholder of the company as general manager in march 2010. he was subsequently redesignated and he is currently the group operations general manager of ho hup construction company berhad. he has 23 year working experience in engineering, construction and property development sector .
the 44 - year - old ceo and managing director of htoo trading company plays a major role in the burmese economy. his business activities range from logging, tourism, hotels, air transport and construction to technological investment in the regime’s newly built yadanabon cyber city in upper burma .
when his father, gen thura shwe mann, was the regional commander in irrawaddy division, aung thet mann received lucrative government contracts to supply fertilizers to farmers throughout the delta region. more recently, his company has been involved in construction projects in the new administrative capital of naypyidaw .
but the company also applied to the government on april 25 for permission to contract farm the fields for 2012 - 13 and its plans for the land are unclear. the farmers have also applied for permission to farm the land and the government is yet to give either side the green light .
yet max myanmar has been implicated in multiple controversies surrounding land grabs in the past. most recently, in may, the irrawaddy reported that the company had been accused of unfairly compensating farmers for land in mon state used to develop a rubber plantation. mcrb cited these claims in their report .
in an interview with the irrawaddy, aung thet mann claimed that he provided $ 1 million in emergency aid to victims of cyclone nargis. he also called for more international assistance and urged the us to lift its sanctions. last year, the us placed his company on the sanctions list .
despite the sanctions, the young tycoon is still thriving in burma’s struggling economy. his company claims that it spent about us $ 3 million on rescue and rehabilitation work following cyclone nargis. observers noted that tay za received lucrative trade concessions from the junta in exchange for donations to the relief effort .
htay myint, who founded the yuzana company in 1994, started out in business with investments in a fisheries venture in mergui. he later entered rangoon’s residential and commercial property markets, embarking on his biggest project, the yuzana garden city, a suburban housing development, in the mid - 1990s .
dr sein phyo hlaing, a myanmar citizen, aged 26, was first director named in the articles of association of the company. he is the z corporation company limited - managing director, graduated as bachelor of medicine and bachelor of surgery (mbbs) at university of medicine in year 2011 has been involved in major company’s operation and decision making for various projects involves both local and international partnership. he is a young entrepreneur with aggressive ideology toward all potential business opportunity proposals. he aggressiveness and modern business thinking has position him among the most reputable and successful business persons in the group of myanmar young entrepreneur. he serving as a senior board of management for z corporation has contributed onto establishing various other local and foreign projects development from jointly developing feasibilities study, developing master plan, and creating investment feasibilities and potentially enters into implementation of project that brings skills and technology transfer into the fast developing myanmar .
tay za’s wife, thida zaw, and oldest son, pye phyo tay za, were also put on the sanctions list. his son’s lavish lifestyle in singapore was exposed by pro - democracy blog sites, causing an outcry. thida zaw recently bought the london cigarette company and is believed to control burma’s tobacco industry .
asia world was founded on june 5, 1992, and has developed into the country’s biggest business conglomerate, with interests ranging from transport to construction and retailing. the company’s many government contracts include road building in shan state, the renovation of rangoon’s international airport, and the construction of a deepwater port and toll highways .
he is also chairman of first myanmar investment co ltd, a publicly traded company holding a 35. 6 percent stake in yoma bank. rumors circulated last september that the regime revoked the banking license for his bank and that it was subsequently unable to complete money transfers. however, the rumors proved to be untrue .
pyi aung and nay aung founded aung yee phyo co ltd and ige co ltd, gaining a foothold in the oil, gas, agricultural products and timber trading industries. ige was established in 1994 and registered in singapore in 2001, when the company opened its office in shenton way, an exclusive area of the lion city .
the conglomerate is involved in the beverage market, gems and jewelry, transportation, civil construction, hotels and tourism, palm oil production, rubber plantations and mechanical engineering exports and imports. the company operates a three - star hotel in chaung tha, a popular resort town, and the royal kumudra hotel in naypyidaw. it is also involved in the construction of an expressway and an eight - lane road in naypyidaw .
ige is one of burma’s leading companies. it is a major supplier of materials used in the construction of electrical substations and transmission lines, and sells equipment and machinery to both private - and public - sector companies in the oil and gas industry. it also provides compressed natural gas (cng) filling stations for government projects. the company exports rice and imports machinery and spare parts for electrical generating projects, as well as steel, fertilizers and chemicals .
ne win tun, the ceo of ruby dragon jade & gems co ltd, is the right - hand man of aung kham hti, the leader of the pa - o national organization (pno) from southern shan state. after reaching a peace agreement with the regime in 1991, the pno set up jade dragon (gems) co ltd, the parent company of ruby dragon jade & gems co ltd, and appointed ne win tun to run the business .
businesmann turned politician u khin shwe has pledged k1 billion (about us $ 1. 3 million) from his own pocket to establish an education foundation .
the announcement came after amyotha hluttaw speaker u khin aung myint suggested on september 9 that u khin shwe start an “education foundation” to improve the living standards of the country’s teachers .
he was speaking after u khin shwe proposed that the government “improve living standards of education staff”, primarily by allowing them to register private tuition businesses .
he said this would raise teachers’ incomes without draining the state budget but also proposed paying teachers bonuses or allowances to supplement their “meagre” incomes. nine representatives discussed the proposal and afterwards u khin aung myint put it on record as a suggestion .
u khin maung yi from ayeyarwady region constituency 6 said that the present tuition law was still valid and if the proposal was to be acted on it should be amended as a first step .
however, he said it was “awkward” to give the 270, 000 teachers in the state system the right to run private tuition classes. dr myint kyi from yangon region constituency 8 argued that the proposal to give teachers extra allowances should be reviewed because the state needed to be consistent in the way it treats its employees .
they filed the application because they felt it would give them a better chance of being granted permission to farm the land for the coming monsoon season, said u nay myo wai, head of the peace and diversity party .
“instead of other firms taking the farmland and doing a business, we believe that it’ll be better if the farmers run a business on their farmland as a kind of industrial farming, ” he said .
“the farm land … is still very productive. if we miss this rainy season, we will lose about k200 million. ”
5) honorary doctor of philosophy in business administration. washington university (u. s. a) in 1998 .
6) honorary doctor of philosophy in business administration. southern california university (u. s. a) in 1998 .
vice - chairman, myanmar sampoerna tobacco co. , ltd. vice - chairman, myanmar, japan friendship association vice - chairman, myanmar, korean friendship association executive committee member, myanmar - thai cultural & economic co - operation association vice president, asian archery federation
no. 3, highway rd. , mingalardon tsp. , yangon, myanmar. tel: 639303 ~ 07 fax: 639395 e - mail: zarkabar. cold @ urltoken
no. (3) highway rd, no. (1) mingalardon garden city, mingalardon, yangon, myanmar
update your business details by adding phone, website, description, working hours, location on map, categories and photos .
by continuing past this page, you agree to our terms of use, cookies policy and privacy policy. © 2009 - 2018
html public
- / / w3c / / dtd xhtml 1. 0 transitional / / en
urltoken
urltoken is a leading career and job site in myanmar. jobsinyangon presents the largest porfolio of jobs on myanmar market, thus helping recruiters to source top talents and job seekers available in myanmar. urltoken job board helps hiring managers and recruiters from all companies in myanmar to post jobs, manage applicants and make the right hiring decision. any jobseeker in myanmar can find jobs in yangon and other cities of all categories of jobs .
online job opportunities can be searched or arranged by our executive search branch roger quest international .
copyright © roger quest international co. , ltd. all rights reserved. sitelink
we are sorry but this job offer is not available any more. next thousands jobs in yangon and in myanmar you can find at urltoken and urltoken
search best job in allanmyo (aunglan, myaydo) at www. jobless. com. mm. - exclusive job portal in myanmar. apply online today !
upload your cv (docx, doc, rtf, zip or pdf format). if you have cv in our system, then it is automatically attached to your application. so make sure it is updated !
do you like to answer to more job offers? no problem. click on any job post you want and then send button. companies are looking forward to inviting you for interview. select / cancel all
copyright 2014 © ho hup (myanmar) e & c co. , ltd. all rights reserved .
u khin shwe sits in his office in mingalardon township. photo: zay yar linn / the myanmar times
i understand that you have a close relationship with daw aung san suu kyi. how has this friendship developed ?
we’re like brother and sister. before the election she kept asking me to take a position in her government, in a friendly way, and i kept refusing. in fact, i will criticise the government if i have to. i just want to be an mp and look after my business. [ u khin shwe was formerly an mp for the union solidarity and development party but lost his seat in the 2015 election ] .
she told me we have to build the character and morale of the people to what it was before 1962. i think we have to build it back up to what it was in 2010. as far as i’m concerned, that’s when things started to go downhill. she disagrees. so, we tease each other .
why did you urge her to run in the first place? you’re a usdp member .
everybody wanted change. things have got so bad these past five years, including our international image. besides, she’s 70 years old and if she didn’t get elected this time around she can’t wait another five years. we’d have had to stay under the military government for all that time .
nobody else can make the changes that have to be made, only her. so i told her to run for the pyithu hluttaw, and i would run for the amyotha hluttaw .
the government spent k200 billion a month to build nay pyi taw, much of it on construction workers. the problems started when they finished the job and came back to yangon, at the time when there was no work for them. many of them settled in hlaing tharyar township .
it was not a good time for entrepreneurs to set up new businesses to employ the workers, either. i was working on a major project called pyay garden though a joint venture with the government, but the government wouldn’t let me borrow from the banks because they said it would be inflationary .
the partial lifting is just a test, to see if the changes that have taken place are irreversible and will continue after march 31. the us will lift sanctions after they see the political prisoners and the students released. the outgoing government was on the right path until 2012, but then it started to wobble, and the economy ran into trouble. in 1988, people couldn’t vote the government out of power, but in 2015 they could, and did .
no. we built houses on land owned by the department of human settlements and housing development, and sold the houses .
the farmers occupied the land. u nay myo wai [ of the peace and diversity party ] accused us of land - grabbing and led the occupation by the squatters, until the landowners paid him k10 million an acre to remove the tents. he made about k400 million. we told him we would prosecute if he did that again .
we prosecuted thuriya nay wun moe hein for making a similar accusation, claiming k7 billion in damages. i blame the weakness of the police and the ministry of home affairs for letting the squatters sit on the land we were building on .
auditors are very good at auditing, but they don’t know much about the economy, and maybe some hluttaw members don’t either. this lease dates back to 2003. tourism and the economy are booming now. but who came to this country at that time? nobody .
we have to move away from just producing and exporting primary agricultural products and industrialise. it will take time to build the necessary quality. remember when a japanese - made golf club cost us $ 1000, and china would produce one for $ 10 .
we also have to develop human resources, like singapore. it’s hard even to find a good secretary .
there are three or four people who got very rich. i won’t name them .
i think tourism, if the ministry of hotels and tourism develops the sector properly, by advertising and improving human resources. they say there were more than 4 million tourists, but only about 1 million came via yangon airport. the others came across the border .
president u thein sein developed tourism, but most foreigners came because of daw aung san suu kyi .
it’s better than it used to be. a few years ago, even people in singapore didn’t know where myanmar was .
yangon city development committee officials inspect a high - rise project in yangon. photo: aung myin ye zaw / the myanmar times
two months into a city - wide suspension on high - rise construction, some yangon developers faced with frozen projects are telling their workers to seek employment elsewhere .
yangon authorities halted hundreds of high - rise projects in may, over 60 of which had received a construction permit from the previous yangon region government .
the subsequent review to make sure the projects comply with draft zoning plans has dragged on, and the first round of results – on the first 12 of the 64 projects to have received a permit before being frozen – only appeared last week .
many developers, meanwhile, are still paying staff – including foreign experts required for complex high - rise construction – despite work having stopped .
one developer whose firm had started work on a 27 - storey project in ahlone township, which is now under review, said his monthly expenses for workers – foreign and domestic – runs to around k100 million .
this is on top of the interest on bank loans his firm took out to fund the project, he added .
“we have around 300 workers digging foundations, ” he said. “even when the work stopped we paid their salaries. ”
the construction firm also provides dormitories for labourers, and with the ban on construction still in effect the situation has become untenable .
“we’ve told them to look for new work, ” he said. “but as other construction sites have also been stopped they’ll find it hard. ”
u myo myint, managing director at mkt construction, which has over 30 construction projects around myanmar, said his firm is still paying workers’ salaries on projects where construction had been stopped .
“we’re paying salaries to staff, workers and foreign experts as much as we can, ” he said .
workers hired on longer - term contracts have been allowed to leave if they want, or to work on other mkt construction projects, he added .
he said mkt construction is also still paying sub - contractors that were hired to work on a range of tasks from water and electric systems to porcelain finishing and stair railings .
i - green is building a 12. 5 - storey project called sein lae aung condominium on sein lae may yeikthar road – one of the 12 buildings already reviewed .
developers have criticised the review, which they say has left workers without wages, damaged businesses and put the construction industry under great pressure .
they also complain the review lacks transparency, because the criteria for the review have not been made public .
after the judgement was handed down on the first 12 buildings, u khin shwe thinks the other 52 so will face similar instructions .
“everyone has suffered, but the main issue is that workers will soon be jobless, ” he said, adding that he has told the developers of buildings under review to submit reports on their losses to him at a meeting, which he would then take to the government .
u zay thiha (third left), u khin shwe (centre), and daw zay zin latt (second right) celebrate the launch of pyay garden office tower. (aung khant / the myanmar times )
the nine - storey project includes security, wi - fi, car parking space, and automatic fire sprinkler and smoke detector systems .
it is built on 2. 19 acres and features 27 offices of different sizes. average monthly rent is between us $ 5000 and $ 6000 .
ko min min soe of mya pan thakhin real estate agency said that despite a slowdown in the market, the project is likely to see good demand .
“foreign investors need office space and as more companies move into the country, demand will rise, ” he said. “while sales have slowed for residential projects, the rental market is still buoyant. ”
after several years of headaches due to a chronic lack of office space in yangon, companies are at last breathing a sigh of relief as new office projects open across the city .
this year, office supply is set to double, with over 140, 000 square meters of new leasable space, according to colliers international myanmar .
this will give businesses much more choice than in the past – at the end of 2014, the total office supply in yangon was just 107, 864 sq m of net leasable space, in dedicated office buildings such as sakura tower, union business centre, fmi centre and centrepoint tower, said the real estate agent in a recent report .
in comparison, hanoi has 12 times as much office stock and kuala lumpur has more than 80 times more, with over 9 million sq m of space .
similarly, the supply of international - quality grade - a offices in yangon is very small, said colliers .
new mid - to - high - end projects finished in the first half of this year include the office @ novotel yangon max, union financial centre and the strand office complex, as well as pyay garden office tower .
as a result of new supply, average occupancy rates fell in the first half of this year by 10. 6pc compared to the second half of 2014, from 88. 93pc to 79. 52pc, said colliers .
richard emerson, country manager for savills myanmar, said the office market is subdued due to the forthcoming election, scheduled for november 8. the market is in a transition phase – as it becomes more supply driven, tenants will have a stronger negotiating position, he said .
“existing buildings at the top end of the market are coming under pressure in rental terms as more modern properties become available at more reasonable prices. ”
most landlords have not reduced their quoted prices, but are becoming more flexible in negotiating, he added .
myint & associates is currently excavating raw petroleum in minbu, magwe division, and is involved in the yadana and yetagun gas projects .
michael moe myint has several international business connections. he served as a consultant and local agent for the american - owned baker hughes and fmc group, japanese - owned mitsui & co ltd, mcdermott international inc, uk - owned bredero price international, and thai - owned shinawatra international .
michael moe myint proudly claims that he is one of the few businessmen in burma who pay tax to the government (about $ 1 million per month) and is considered to be one of the 10 richest people in burma .
ne win tun operates gold and gem mines in mong hsu in shan state, pha khant and tawmaw in kachin state, kawlin and khamti in sagaing division and mogok in mandalay division .
he has also diversified into other sectors. in 2004, his ruby winery factory went into operation in nyaung shwe in southern shan state, with a total investment of $ 3 million. in 2005, he built the dragon cement factory on a 728 - acre site in tigyit, shan state, with an initial investment of about $ 21 million. and in march 2007, he opened the ruby jade hotel resort and spa in rangoon .
ne win tun is regarded as one of the 10 richest people in burma. observers say that it is unlikely that the us block burmese jade act of 2008 will have much impact on his gem - trading business, since most of his customers are from china .
as president of the myanmar construction entrepreneurs association and chairman of the myanmar hotelier association, khin shwe has played a major role in developing and promoting burma’s tourism industry. he has also served as chairman of the myanmar - japan friendship association, the myanmar - korean friendship association and the myanmar thai development co .
looking for job in myeik. apply online at urltoken directly to thousands employers .
search best job in kyadet at www. jobless. com. mm. - exclusive job portal in myanmar. apply online today !
search best job in hakha (haka, harkhar) at www. jobless. com. mm. - exclusive job portal in myanmar. apply online today !
html public
- / / w3c / / dtd html 4. 01 / / en
urltoken
“there is a monastery in the front, back and on the sides of mine, ” he told rfa’s myanmar service. “how could it be in their project area? the land was donated to me 10 years ago by a farmer who was the owner of this land. ”
khin shwe has been barred from doing business with u. s. nationals because of his ties to the former military junta that ruled myanmar for a half - century until 2011 .
“they came into the monastery area after destroying the fence, and a leader named myo khine ordered them to destroy a small building, ” he said .
the group left after chit oo maung and others at the monastery asked them not to damage the building .
“we went to the police station around 8 p. m. to file a complaint, but the police officer didn’t file it; instead, he just took down a record, ” he said .
about 30 people returned to the monastery at about 9 p. m. , and this time they destroyed the building, he said .
the move prompted the farmers to apply with the ministry of national planning and economic development to establish their own farming collective to retain their right to farm their lands, it said .
khin shwe is considered one of myanmar’s “cronies”—wealthy and well - connected business scions with ties to military - backed enterprises—who have contributed to myanmar’s reputation as a poor investment destination .
he is related by marriage to former general shwe mann, the ex - speaker of the lower house of parliament, with whom he has close business ties .
after the national league of democracy (nld) party swept general elections last november, khin shwe began distancing himself from outgoing president thein sein and sought to connect with nld chairwoman aung san suu kyi, who is state counselor and minister of foreign affairs and the president’s office under the new government, the report said .
reported by thiri min zin for rfa’s myanmar service. translated by khet mar. written in english by roseanne gerin .
u zaw zaw, center right, stands next to then - opposition leader daw aung san suu kyi at a children’s hospital in rangoon’s yankin township in 2013. / max myanmar / facebook
rangoon – first myanmar investment (fmi), serge pun & associates, and max myanmar ranked as burma’s most transparent firms, according to the myanmar center for responsible business (mcrb) ’s third survey of 100 companies .
generating scores based on companies’ published information, the survey involved 35 standardized questions meant to measure organizational transparency and respect for human rights, health, safety and the environment over the last six months .
the mcrb report stated that 30 percent of those firms surveyed had no websites; among these companies, 45 percent publish little to no data relating to corporate governance .
mcrb director vickey bowman told the irrawaddy by email on monday that it is “smart business” for conglomerates to promote themselves through disclosure .
not all major burmese businesses surveyed performed well, she pointed out, citing companies owned by u chit khine, u htay myint, and u khin shwe, respectively .
the timing between the publication of the mcrb report and the obama administration’s announcement on september 14 to lift economic restrictions on burma was coincidental, said vickey bowman. she explained that the date for the release of the report was determined by the six - month timetable allocated for the research .
“but there is a close link of substance, ” she added. “now that the sanctions are going to be lifted on companies, the key thing that will differentiate them from one another is good corporate governance and transparency. ”
u htay myint and u khin shwe are considered specially designated nationals (sdn) on the us sanctions list—and u chit khine was, at one time, recommended for the classification .
u zaw zaw, who heads max myanmar, is on the sdn list; serge pun, chief executive of both fmi and serge pun & associates, is not .
the max myanmar group of companies claimed their own favorable ranking was due to anti - corruption initiatives, moves toward improved occupational health and safety, and the release of confiscated lands, in a statement published on sunday .
we do not encourage viewing this site in this width. please increase the size of your window .
three years after profiling burma’s most successful tycoons in its september 2005 issue, the irrawaddy is again directing attention to the men who govern the country’s business world. they continue to prosper, and have been joined by others, yet they are coming increasingly under the international spotlight and critical scrutiny .
many of those who featured in our september 2005 issue found themselves on another list last year—penalized by us and eu sanctions because of their relationship with, and unquestioning support for, burma’s military regime .
the sanctions list contained such names as tay za and his elder brother, thi ha; asia world’s director tun myint naing; aung thet mann, whose father is the regime’s third most powerful general; and khin shwe, who faithfully attended the regime - sponsored national convention and is well connected to the top junta leaders .
they were penalized by the us shortly after the regime they so assiduously back brutally suppressed demonstrations last september demanding changes that would advance prosperity and freedom for all, not just a favored clique .
the us sanctions were also clamped on 25 top military generals and ministers who keep the tycoons in business—including the junta’s triumvirate of snr - gen than shwe, vice snr - gen maung aye and gen thura shwe mann .
the targeted sanctions were applied under washington’s burmese freedom and democracy act, which came into force in july 2003 after junta - backed thugs ambushed opposition leader aung san suu kyi and her supporters in depayin, sagaing division .
although the list of military leaders, family members and their business cronies is long, many other names deserve to be added to it. there are also doubts whether the sanctions have a real effect on the privileged lifestyle of the generals and their business cronies. they continue to enjoy the good life while the masses live in poverty.
zaykabar company limited ( burmese : ဇေကမ ဘာကုမ ပဏီ ; also spelt zay gabar or zay ka bar ) is a major burmese conglomerate with interests in construction and telecommunications . the company was founded by khin shwe in 1990 . zaykabar and its owner khin shwe have been placed on the american sanctions list since 2007 , for its close ties with the burmese military . 
zaykabar company limited (burmese: ဇေကမ ဘာကုမ ပဏီ; also spelt zay gabar or zay ka bar) is a major burmese conglomerate with interests in construction and telecommunications. the company was founded by khin shwe in 1990. zaykabar and its owner khin shwe have been placed on the american sanctions list since 2007, for its close ties with the burmese military.
zaykabar company limited (burmese: ဇေကမ ဘာကုမ ပဏီ; also spelt zay gabar or zay ka bar) is a major burmese conglomerate with interests in construction and telecommunications. the company was founded by khin shwe in 1990. zaykabar and its owner khin shwe have been placed on the american sanctions list since 2007, for its close ties with the burmese military.