The Myanmar Economic Corporation ( Burmese : မြန်မာ့စီးပွားရေး ကော်ပိုရေးရှင်း ; abbreviated MEC ) is one of the two major conglomerates and holding companies operated by the Burmese military , the other being the Myanma Economic Holdings Limited . The U.S. Treasury Dept. reports that MEC "is a holding company with businesses in the mining, manufacturing, and telecommunications sectors, as well as companies that supply natural resources to the military, and operate factories producing goods for use by the military." As of August 2022, Nyo Saw is the chairman of MEC.
17-583: Founded in 1997 by Lt General Tin Hla to establish profitable heavy industries that can provide the Burmese military access to supplies of important materials (e.g. cement and rubber), MEC's operations are shrouded in secrecy. Revenues generated from MEC have strengthened the Burmese military's autonomy from civilian oversight, and has contributed to the military's financial operations in "a wide array of international human rights and humanitarian law violations." MEC
34-574: A politician from Myanmar is a stub . You can help Misplaced Pages by expanding it . Maung Aye Maung Aye ( Burmese : မောင်အေး ; pronounced [maʊɴ ʔé] ; born 25 December 1937) is a retired Burmese army general who played a significant role in Myanmar's military government. He served as Vice Chairman of the State Peace and Development Council (SPDC), the ruling military junta of Myanmar , from July 1993 to March 2011, holding
51-563: A significant role in the country's military administration. Known for his strategic foresight and leadership, Maung Aye oversaw key military operations and held influential positions within the SPDC hierarchy. His tenure coincided with crucial moments in Myanmar's political landscape , navigating through reforms and challenges within the Tatmadaw regime. Despite speculations and adversities, Maung Aye's steadfast tenure as deputy head of state until
68-480: Is owned by the Burmese military, and is influenced by senior Tatmadaw leaders. Along with Union of Myanmar Economic Holdings (UMEHL), MEC is widely observed to generate most of the Burmese military's operating revenue, which are not held accountable to the Burmese parliament, the Pyidaungsu Hluttaw . MEC is led by high-ranking Burmese military officials, including members of the ruling military junta,
85-739: The Defence Services Academy in Pyin Oo Lwin with a Bachelor of Science degree in 1960. In 1966, he became commander of the Northeast Region. In 1988, he became commander of the Eastern Region. Two years later in 1990, he was promoted to major-general . In 1992, he was made Army Chief and was promoted as a Lieutenant General and simultaneously made Deputy Commander in Chief of Defense Services . In 1994, he
102-724: The State Administration Council , including Moe Myint Tun , a MEC director. The former Vice-President of Burma, Tin Aung Myint Oo , is a former Myanmar Economic Corporation chairman. In 2009, MEC had 21 factories, including 4 steel plants, a bank, a cement plant and an insurance monopoly. Its headquarters are located on Ahlon Road in Yangon 's Ahlon Township . MEC has remained on the United States' list of sanctioned companies due to its affiliation to
119-498: The Burmese military. MEC also operates Innwa Bank , one of Burma's few banking chains. A subsidiary of MEC, Star High Public Company, owns 28% of Mytel , one of Myanmar's largest telecommunications company, in a joint venture with Viettel . MEC is operated under the Ministry of Defence 's Directorate of Defence Procurement (DPP), with its private shares exclusively owned by active-duty military personnel. The corporation's capital
136-574: The SPDC's dissolution in March 2011 underscored his enduring influence on Myanmar 's governance. Maung Aye was born on 25 December 1937 in Syriam , British Burma (now Myanmar ). He attended the Defence Services Academy in Pyin Oo Lwin , where he graduated with a Bachelor of Science degree. The academy provided him with a solid education in military strategy and leadership, laying the groundwork for his future military career. Maung Aye graduated from
153-633: The Tatmadaw seized power from the elected civilian government, the United States sanctioned MEC, March 25, 2021, for the company's association with, and support of, the Tatmadaw, -- impounding U.S.-held assets of the company, and forbidding U.S. nationals from doing business with them. Tin Hla Tin Hla was a Lieutenant General in the Burmese army. He was also Deputy Prime Minister and Military Affairs Minister until November 2001. Tin Hla
170-451: The country's deputy head of state. The rumours were later proven false. However, on 30 March 2011, the SPDC was dissolved by Than Shwe in favour of the elected President Thein Sein , which meant that Maung Aye's post also ceased to exist. Maung Aye is married to Mya Mya San and has one daughter, Nandar Aye. Nandar Aye is married to Pyi Aung (also spelt Pye Aung), the son of Aung Thaung ,
187-672: The following year, he assumed the role of Deputy Chairman of the State Law and Order Restoration Council (SLORC), which later evolved into the SPDC . Despite rumours of resignation in August 2010, Maung Aye remained deputy head of state until the SPDC was dissolved on 30 March 2011 by Senior General Than Shwe , marking a significant transition in Myanmar's governance. Maung Aye served as vice-chairman of Myanmar's State Peace and Development Council (SPDC) from July 1993 to March 2011, playing
SECTION 10
#1732772383779204-461: The fourth-highest officer and Secretary 3 of the State Peace and Development Council . The purging of these two from power was believed to be an effort by Khin Nyunt the 9th Prime Minister of Burma (Myanmar) and his predecessor, Than Shwe . Khin Nyunt later underwent house arrest and those falsely charged of various accusations were revealed to the public. While some analysts think that the sacking of
221-409: The second highest-ranking position in the regime. He graduated from the Defence Services Academy in Pyin Oo Lwin and began his military career by commanding the Northeast Region in 1968, followed by the Eastern Region in 1988. His career progression included promotions to major-general in 1990 and Army Chief in 1992. In 1993, he was appointed as Deputy Commander-in-Chief of Defence Services , and
238-537: The two powerful figures was to improve the business climate, others think that it was a clean-out of hardliners unhappy with the possibility of comprises with Aung San Suu Kyi . Lt Gen Tin Hla, being a Defence Services Academy graduate, is considered as Maung Aye 's man. Tin Hla was born at Thaton , a town in Mon State , Lower Burma , in 1939. He is married to Daw Win Kyi and had four children. This article about
255-463: Was appointed Deputy Chairman of the State Law and Order Restoration Council ( SLORC ), and subsequently held the same position in the SPDC . Vice-Senior General Maung Aye and Senior General Than Shwe , along with six other top military officers, were reported to have resigned their military posts on 27 August 2010. He reportedly transferred the deputy commander-in-chief post to Lt-Gen Ko Ko, head of Chief of Bureau of Special Operation-3, but remains
272-464: Was established through revenues generated from the public auctioning of state-owned enterprises throughout the 1990s. Through joint ventures with foreign companies and mergers with smaller companies, MEC has positioned itself as one of Burma's largest corporations. In 2000, MEC launched Cybermec Information Technology Center, an IT venture. Following the February, 2021 Myanmar coup d'état , in which
289-651: Was the Deputy Prime Minister of Myanmar and the Minister of Military Affairs during Than Shwe 's regime. He also took the position of Quartermaster-General and led the 22nd Light Infantry Division in Burma during the 8888 uprising . He was also the founder and chairman of Myanmar Economic Corporation (MEC). He was forced to retire in 2001, accused of corruption, together with Lieutenant General Win Myint,
#778221