Tay Za
| Tay Za | |
|---|---|
| Native name | တေဇ |
| Born | 18 July 1967 |
| Nationality | Burmese |
| Other names | Tayza, Teza |
| Ethnicity | Bamar |
| Occupation | Chairman, Htoo Group |
| Title | Thiri Pyanchi[1] |
| Spouse | Thidar Zaw[2] |
| Children | Pye Phyo Tay Za Htet Tay Za Rachel Tay Za[2] |
| Parents | Ohn (mother) Myint Swe (father)[2] |
| Relatives | Thiha (brother)[2] |
Tay Za (IPA: [tèza̰]; Burmese: တေဇ, pronounced [tèza̰]; also spelled Tayza or Teza; born 18 July 1967)[3] is a Burmese business tycoon, and a close associate of the former country's Head of State, Than Shwe.
According to one source, he was born in 1964 at YGN. His father was an ex-Lt Col. He was the youngest of total 6 siblings. He passed 10th standard at TTC of Yangon in 1982. He was one of 1982 intake of Defence Service Academy, Pyin Oo Lwin. Before finishing the cadet course, he married with Thida Zaw, daughter of U Zaw and Daw Htoo of Gyobingauk, without consent from her parents and from Academy. Because of that he was sentenced for military prison. [4]
[edit] Business holdings
His major business interests include Htoo Group and Air Bagan, the country's first and only fully privately-owned airline.[5] In 2006/2007 Htoo Trading, a division of Htoo Holdings involved in teak log exports, was Burma's top private exporter and fifth largest overall, with gross revenues of $65.1 million.[6]He began his career in the 1980s and started Htoo Group in the early 1990s to extract timber from Burma's forests.[7]
Other activities include construction, tourism, infrastructure projects, and mobile phone services.
Tay Za's airline Air Bagan is the main sponsor of Yangon United Football Club, one of the nine professional football clubs in Myanmar competing for Myanmar National League (MNL) title. His son is chairman of the club.
[edit] Sanctions
In 2007, following protests against the junta on the streets of many cities in Burma, the United States government imposed sanctions against Tay Za and the companies he controls including Htoo Trading and Air Bagan.[8][9]
On 19 May 2010, his son, Pye Phyo Tay Za, lost a legal battle to overturn European Union sanctions against him at the Council of the European Union.[10]
[edit] References
- ^ http://www.irrawaddy.org/article.php?art_id=17568
- ^ a b c d "CONSOLIDATED LIST OF FINANCIAL SANCTIONS TARGETS IN THE UK". Her Majesty's Treasury. UK Government. 20 April 2011. http://www.hm-treasury.gov.uk/d/burma.htm. Retrieved 24 July 2011.
- ^ Jay Solomon and James Hookway (2007-10-24). "U.S. Focuses on Myanmar Tycoon". The Wall Street Journal. http://online.wsj.com/article/SB119316668917168700.html?.
- ^ http://www.mongloi.org/burmese/2008-08-01-03-24-54/2008-08-01-03-23-29/2699-2011-11-09-07-02-59.html
- ^ Money Men. The Irrawaddy. September 2008. http://www.irrawaddy.org/article.php?art_id=14151.
- ^ Ye Lwin and Kyaw Thu (4–10 June 2007). Govt dominates foreign trade as gas sales pump up exports. The Myanmar Times. http://www.mmtimes.com/no369/b004.htm.
- ^ "How sanctions made Burma’s richest man". Financial Times. 12 August 2011. http://www.ft.com/cms/s/0/690f437c-b8dc-11e0-bd87-00144feabdc0.html. Retrieved 12 August 2011.
- ^ Executive Order: Blocking Property and Prohibiting Certain Transactions Related to Burma
- ^ "HP-807: Treasury Action Targets Financial Network of Burmese Tycoon and Regime Henchman Tay Za". US Department of Treasury. 2008-02-05. http://www.ustreas.gov/press/releases/hp807.htm.
- ^ Roughneen, Simon (8 July 2010). "EU Sanctions on Tay Za's Son Upheld". The Irrawaddy. http://www.irrawaddy.org/article.php?art_id=18909. Retrieved 12 August 2011.
