Tay Za: Difference between revisions
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Revision as of 14:37, 9 September 2013
Tay Za | |
|---|---|
‹See Tfd›တေဇ | |
| Born | 18 July 1964 |
| Nationality | Burmese |
| Other names | Tayza, Teza |
| Occupation(s) | Chairman, Htoo Group |
| Title | Thiri Pyanchi[1] |
| Spouse | Thida Zaw[2] |
| Children | Pye Phyo Tay Za Htet Tay Za Rachel Tay Za[2] |
| Parent(s) | Ohn (mother) Myint Swe (father)[2] |
| Relatives | Thiha (brother)[2] |
Tay Za (IPA: [tèza̰]; Template:Lang-my, pronounced [tèza̰]; also spelled Tayza or Teza; born 18 July 1964[3]) is a Burmese business tycoon, and a close associate of the country's former head of state, Than Shwe.
According to one source, he was born in 1964 in Yangon. His father, Myint Swe, is a retired Lieutenant Colonel working for the Ministry of Information.[4] He was the youngest of six siblings. He passed 10th standard at TTC of Yangon in 1982. He attended the Defence Services Academy, as part of the 1982 intake, but dropped out during his third year to marry Thida Zaw (daughter of U Zaw and Daw Htoo of Gyobingauk), without the consent of his or her parents.[4]
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 the Myanmar National League (MNL) title. His son is chairman of the club.
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]
In March 2012, the European Court of Justice ruled that Pye Phyo Tay Za be allowed to regain access to his accounts in Europe, as he had testified that he was not at all connected to his father's business interests:[11]
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. Retrieved 24 July 2011.
- ^ Jay Solomon and James Hookway (2007-10-24). "U.S. Focuses on Myanmar Tycoon". The Wall Street Journal.
- ^ a b Montlake, Simon (28 September 2011). "Burma's Showy Crony". Forbes. Retrieved 10 April 2012.
- ^ "Money Men". The Irrawaddy. 2008.
{{cite journal}}: Cite journal requires|journal=(help); Unknown parameter|month=ignored (help) - ^ Ye Lwin and Kyaw Thu (4–10 June 2007). "Govt dominates foreign trade as gas sales pump up exports". The Myanmar Times.
{{cite journal}}: Cite journal requires|journal=(help) - ^ "How sanctions made Burma's richest man". Financial Times. 12 August 2011. 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.
- ^ Roughneen, Simon (8 July 2010). "EU Sanctions on Tay Za's Son Upheld". The Irrawaddy. Retrieved 12 August 2011.
- ^ Dotinga, William (13 March 2012). "Myanmar Man Regains Access to Frozen Funds". Courthouse News Service. Retrieved 13 March 2012.