U Kyaw Myint
Encyclopedia
U Kyaw Myint also known as May Flower Kyaw Win is a noted Burmese businessman and political figure. He is one of the wealthiest tycoons in Burma and is one of the country's leading industrialists and bankers. He is the director-general of the Directorate of Industry under the Ministry of Industry of Burma.
family in a small village in northern Shan State
. However, in 1968, when he was in his 20s, Kyaw Win worked in the border town of Tachilek, where he established business relationships with Thai businessmen. One of them was the notorious Thai logging tycoon, Choon Tangkakarn, owner of Pathumthani Sawmills.
Since 1990, Kyaw Win has managed in the timber business and in 1994, he established Myanmar May Flower Bank
, the third biggest in Burma with ten branches of which he is the chairman. It was the first bank in Burma to have 24-hour automatic teller machines also was the first to introduce computer networks for transactions back in November 1995. In 1998, Aik Hok and Win Naing bought a large number of shares in May Flower Bank from Kyaw Win, and since then the bank’s activities have declined.
Kyaw Win is also involved in the following associations and businesses. He is Managing Director of Chin-Su Co, Ltd; Chairman of Chin-Su May Flower Plywood Industry; Chairman of TN Resources Pte Co, Ltd (Singapore); Chairman, of Pathum Thani Saw Mill Co, Ltd, (Thailand); and Managing Director of Yangon Airways
. He has connections with the Asian Development Bank
and important top ranking government officials, including General Maung Aye
.
In 2004 he negotiated the building of a series of new pulp factories across several states of Burma including
in Ponnagyun
in Rakhine State
which will consume nearly 900,000 tonnes of bamboo a year, and Thabaung
township in Ayeyarwady Division
which will begin commercial production at 200 tonnes a year and several other areas. The decision was part of a bilateral cooperation plan between the Ministry of Industry in Burma and China Metallurgical Construction Corporation signed during the visit of General Khin Nyunt
, to China from July 11 to 17 in which U Kyaw Myint was also a member of the delegation.
Biography
He was born into a poor ChineseBurmese Chinese
The Burmese Chinese or Chinese Burmese are a group of overseas Chinese born or raised in Burma . Although the Chinese officially make up three percent of the population, the actual figure is believed to be much higher...
family in a small village in northern Shan State
Shan State
Shan State is a state of Burma . Shan State borders China to the north, Laos to the east, and Thailand to the south, and five administrative divisions of Burma in the west. Largest of the 14 administrative divisions by land area, Shan State covers 155,800 km², almost a quarter of the total...
. However, in 1968, when he was in his 20s, Kyaw Win worked in the border town of Tachilek, where he established business relationships with Thai businessmen. One of them was the notorious Thai logging tycoon, Choon Tangkakarn, owner of Pathumthani Sawmills.
Since 1990, Kyaw Win has managed in the timber business and in 1994, he established Myanmar May Flower Bank
Myanmar May Flower Bank
The Myanmar May Flower Bank is a bank of Burma. Founded in 1994 by U Kyaw Myint, it is the third largest bank in the country with ten branches.It was the first bank in Burma to have 24-hour automatic teller machines also was the first to introduce computer networks for transactions back in November...
, the third biggest in Burma with ten branches of which he is the chairman. It was the first bank in Burma to have 24-hour automatic teller machines also was the first to introduce computer networks for transactions back in November 1995. In 1998, Aik Hok and Win Naing bought a large number of shares in May Flower Bank from Kyaw Win, and since then the bank’s activities have declined.
Kyaw Win is also involved in the following associations and businesses. He is Managing Director of Chin-Su Co, Ltd; Chairman of Chin-Su May Flower Plywood Industry; Chairman of TN Resources Pte Co, Ltd (Singapore); Chairman, of Pathum Thani Saw Mill Co, Ltd, (Thailand); and Managing Director of Yangon Airways
Yangon Airways
Yangon Airways Ltd. is an airline based in Yangon, Myanmar, offering scheduled and chartered domestic flights out of its bases at Yangon International Airport and Mandalay Chanmyathazi Airport...
. He has connections with the Asian Development Bank
Asian Development Bank
The Asian Development Bank is a regional development bank established on 22 August 1966 to facilitate economic development of countries in Asia...
and important top ranking government officials, including General Maung Aye
Maung Aye
Vice-Senior General Maung Aye is the former Vice Chairman of the State Peace and Development Council , which was until March 2011, the ruling military junta of Burma. Maung Aye was the second highest-ranking member of the SPDC....
.
In 2004 he negotiated the building of a series of new pulp factories across several states of Burma including
in Ponnagyun
Ponnagyun
Ponnagyun is a town in the Rakhine State of westernmost part of Myanmar. it is the administrative seat of Ponnagyun Township.-External links:*...
in Rakhine State
Rakhine State
Rakhine State is a Burmese state. Situated on the western coast, it is bordered by Chin State in the north, Magway Region, Bago Region and Ayeyarwady Region in the east, the Bay of Bengal to the west, and the Chittagong Division of Bangladesh to the northwest. It is located approximately between...
which will consume nearly 900,000 tonnes of bamboo a year, and Thabaung
Thabaung
Thabaung is a town in the Ayeyarwady Division of south-west Myanmar. It is the seat of the Thabaung Township in the Pathein District....
township in Ayeyarwady Division
Ayeyarwady Division
Ayeyarwady Region is a region of Myanmar, occupying the delta region of the Ayeyarwady River . It is bordered by Bago Region to the north, Bago Region and Yangon Region to the east, and the Bay of Bengal to the south and west...
which will begin commercial production at 200 tonnes a year and several other areas. The decision was part of a bilateral cooperation plan between the Ministry of Industry in Burma and China Metallurgical Construction Corporation signed during the visit of General Khin Nyunt
Khin Nyunt
General Khin Nyunt is an officer and politician in Myanmar. Khin Nyunt is of Burmese Chinese descent. He held the office of Chief of Intelligence and was Prime Minister from 25 August 2003 until 18 October 2004. He is married to Khin Win Shwe, a medical doctor, and father to a daughter, Thin Le Le...
, to China from July 11 to 17 in which U Kyaw Myint was also a member of the delegation.