Enterprise
Wei Hsueh-kang founded the Hong Pang Group in 1998 with revenues from the drug trade after taking advantage of the privileges offered in the cease-fire deal by Khin Nyunt. Its position in the country's economy, not just the Wa State, is reflected by the multitude of businesses it owns and controls in construction, agriculture, gems and minerals, petroleum, electronics and communications, distilleries and department stores. Hong Pang Group is based at Panghsang with offices also in Yangon, Mandalay, Lashio, Tachilek and Mawlamyine. UWSA also operate its own bank in the past.
Ho Chun Ting, aka Aik Haw aka Hsiao Haw, the son-in-law of Bao You-Xiang, is the principal owner and managing director of Yangon Airways and chairman of Tetkham Co Ltd that runs a chain of hotels. Close to Khin Nyunt and several other generals in the junta, he was also involved in gems auctions and several large construction projects with the Yangon City Development Council. He was reported to have fled to Panghsang following the arrest of his known associates in a drug-related offence in January 2009. Aik Haw was included in the Specially Designated Nationals and Blocked Persons list published by the US Treasury's Office of Foreign Assets Control on November 25, 2008.
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Famous quotes containing the word enterprise:
“What recommends commerce to me is its enterprise and bravery.”
—Henry David Thoreau (1817–1862)
“Everything that explains the world has in fact explained a world that does not exist, a world in which men are at the center of the human enterprise and women are at the margin “helping” them. Such a world does not exist—never has.”
—Gerda Lerner (b. 1920)
“Enjoy the land, but own it not. Through want of enterprise and faith men are where they are, buying and selling, and spending their lives like serfs.”
—Henry David Thoreau (1817–1862)