Ayer Shwe Wah

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Ayer Shwe Wah Company
Native name
ဧရာရွှေဝါကုမ္ပဏီ
FoundedJanuary 1998 (1998-01)
HeadquartersBahan Township,
Yangon
,
Myanmar
Key people
Aung Thet Mann (CEO)
OwnerAung Thet Mann
Websiteaysw.com.mm

Ayer Shwe Wah Company (Burmese: ဧရာရွှေဝါကုမ္ပဏီ) was 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. ^ a b "Shwe Mann". Alternative Asean Network on Burma. Archived from the original on 2015-07-05. Retrieved 11 July 2015.
  3. ^ a b "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. Archived from the original on 12 May 2008. Retrieved 11 July 2015.{{cite news}}: CS1 maint: unfit URL (link)
  5. ^ Ye Lwin; Myo Myo (17 May 2010). "Fuel stations to open as private operations". Myanmar Times. Retrieved 11 July 2015.
  6. ^ "Shwe Mann" Archived 2015-07-05 at the Wayback Machine, ALTSEAN-Burma, n.d. Retrieved May 30, 2015.
  7. ^ "Shwe Mann" Archived 2015-07-05 at the Wayback Machine, ALTSEAN-Burma, n.d. Retrieved May 30, 2015.
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