Yet business in
The tycoon lurching in his limousine along
As president and managing director of the Htoo Trading Company, 41-year-old Tay Za is a major player in a wide area of Burmese business and industrial activities, ranging from tourism and the hotel trade to arms imports.
In 1990, while still in his twenties, Tay Za set up his company with an initial capital investment of US $333,333, concentrating on the export of timber and over the years gaining access to large areas of virgin forest. Ironically, one of his most recent ambitions is to diversify into eco-tourism.
One of his early ventures was the foundation of Htoo Transportation Services, covering heavy duty land and marine transport. Much later, he took to the air, establishing the domestic carrier Bagan Air.
Rumors that Htoo had entered the telecommunications sector and planned to sell GSM cell phones were denied by the company. Other rumors say the young tycoon is preparing to break into banking.
Timber, transport, tourism, construction, property development, palm oil production, arms deals—the list of the Htoo Trading Company’s interests grew impressively, and so did the company’s earnings, which finance a tycoon’s lifestyle and give him easy access to the top echelons of power. Along the way, he worked with, and then parted company from, the well-known businessman Aung Ko Win.
Three years into the life of the Htoo Trading Company, Tay Za expanded his dealings with the
« previous 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 next page »
COMMENTS (0)