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:
“By what a delicate and far-stretched contribution every island is made! What an enterprise of nature thus to lay the foundations of and to build up the future continent, of golden and silver sands and the ruins of forests, with ant-like industry.”
—Henry David Thoreau (1817–1862)
“In enterprise of martial kind, When there was any fighting,
He led his regiment from behind— He found it less exciting.”
—Sir William Schwenck Gilbert (1836–1911)
“Every diminution of the public burdens arising from taxation gives to individual enterprise increased power and furnishes to all the members of our happy confederacy new motives for patriotic affection and support.”
—Andrew Jackson (1767–1845)