|Industry||Construction, Infrastructure, Energy, Manufacturing, Import-Export, Retail|
|Founded||5 June 1992|
|Founder(s)||Lo Hsing Han, Steven Law (Tun Myint Naing)|
|Key people||Lo Hsing Han, Steven Law (Tun Myint Naing), Cecilia Ng (Ng Sor Hong)|
|Divisions||Asia World Company|
|Subsidiaries||Asia World Co Ltd., Asia World Port Management, Asia World Industries Ltd., Asia Lite, Kokang Singapore Pte Ltd., Golden Aaron Pte Ltd.|
Asia World Group (Burmese: အာရှဓန ကုမ္ပဏီ) is Myanmar's largest and most diversified conglomerate, with interests in industrial development, construction, transportation, import-export, and a local supermarket chain. About half of Singapore's investment in Myanmar (totaling $1.3 billion USD in 2000) comes from Asia World affiliates.
The company's founder, Lo Hsing Han, was an ethnic Kokang Chinese who controlled one of Southeast Asia's largest heroin trafficking armies. Ten more companies in the group are owned in Singapore, under the name of Cecilia Ng (Ng Sor Hong), Steven Law's wife, who operates an underground banking system to conduct business transactions on behalf of Lo Hsing Han, a convicted drug trafficker. The company is associated to the United Wa State Army. Asia World is widely believed to have committed money laundering to fund its activities and business expansions.
Six subsidiary companies of Asia World, including Ahlone Wharves, Asia Light, Asia World Company, Asia World Industries, Asia World Port Management, and Leo Express Bus, are currently sanctioned by the British government as part of investment bans in Burma. Since 2008, Asia World and its subsidiaries, including those run in Singapore, have been part of American targeted sanctions.
Asia World's expansive portfolio includes the following enterprises and businesses:
- Asia Light Supermarket - Lanmadaw Township, Rangoon
- Asia World Industries Limited, Hlaingthaya Industrial Park, Rangoon
- Asia World Thilawa Deep Sea Port
- Hledan Centre Condominium - Rangoon
- Traders Hotel - Rangoon
- Sedona Hotel - Yankin Township, Rangoon
- Sedona Hotel - Mandalay
- Myanmar Brewery Limited - Mingaladon Township, Rangoon
Asia World was one of two major contractors (the other being Htoo Group of Companies) to build the country's new capital at Naypyidaw, including the National Landmark Garden. The company, with the technical assistance of Singaporean firm CPG Consultants, was also responsible for developing and constructing Naypyidaw Airport, which opened on 19 December 2011.
The company also operates toll booths on Burma Road since 1998, after it was granted a Build-operate-transfer agreement by the government, to renovate this trade route to China. The $33 million USD project connects the opium-growing regions of Shan State to China.
Asia World was responsible for a major Yangon International Airport expansion project, including the construction of a new international terminal (opened May 2007) and extension of existing runways (completed July 2008).
The company is also involved in the energy development sector, and has recently been involved in constructing dams on the Thanlwin River. The company has also partnered with China Power Investment Corporation to build controversial dams (including the Myitsone Dam) along the Irrawaddy River in Kachin State.
In Yangon, the company has in stakes in supermarkets, office towers, condominiums and road construction. In 2011, it partnered with the Yangon City Development Committee to upgrade Strand Road. The company is also involved in garment industries, beer production (Tiger Beer), paper mills, palm oil and infrastructure development. Asia World has also operated a port in Yangon's Ahlone Township since 2000
In August 2011, Asia World was one of four companies to be granted government licences to import and sell fuel in the country.
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