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Thein Win Zaw
Burmese businessman From Wikipedia, the free encyclopedia
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Thein Win Zaw (Burmese: သိန်းဝင်းဇော်; born 2 February 1963) is a Burmese entrepreneur.[1] He is the founder of Shwe Byain Phyu Group, a conglomerate company active in businesses such as petrol stations, timber, and food exports.[2]
From 2018 to 2020 he was the chair of the Gems and Jewelry Entrepreneurs Association in Yangon.[3]
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Early life and family
Thein Win Zaw was born on February 2, 1963, in Twante Township, Yangon Region, Myanmar.[4] He completed his high school studies in 1978–79, and later pursued higher education, earning a Bachelor of Science degree in chemistry in 1984.[4]
Thein Win Zaw is married to Tin Latt Min, and has two children, Win Paing Kyaw and Theint Win Htet.[5] The family members together own at least 20 companies.[5] Tin Latt Min's mother was the teacher of Tha Aye, a general.[5]
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Career
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Zaw established Manaw Thidar, the first company under the Shwe Byain Phyu (SBP) Group in 1996.[4] Co-led by Zaw and his wife, Tin Latt Min, the company provided logistics services to Joint Corporation 6 (JC-6).[4] SBP operates a business partnership with the military-owned Myanma Economic Holdings Limited for mining, logging, fuel imports and distribution.[6][7] Thein Win Zaw's business success has been attributed to his close relationship with the Myanmar Armed Force's senior leadership, including the Myanmar Navy commanders-in-chief Tin Aung San and Soe Thane, acting president Myint Swe, and Thein Aung, the father of Zaw Hein, a general.[8][6]
In 2010, as Myanmar Petroleum Products Enterprise (MPPE) began privatizing state-owned petrol stations, SBP expanded its operations to include retail, owning 29 petrol stations.[4]
Zaw also ventured into the marine products export sector, using his fishery experience to diversify revenue streams.[4] A subsidiary, Eastern Power International, was established in 2002 to manage these operations.[4]
In 2009 Zaw further diversified by establishing Theint Win Htet Manufacturing, specializing in PP plastic bag production, with a daily capacity of 100,000 bags, which are distributed across Myanmar.[4]
For the tax years 2017–2018 and 2018–2019 Zaw was recognized as one of the top taxpayers and was commended by President Win Myint for his tax contributions.[9][10]
In the aftermath of the 2021 Myanmar coup d'état, Singapore-based Investcom Pte Ltd, a joint venture between the Lebanese M1 Investment Group and Myanmar's Shwe Byain Phyu conglomerate, acquired Telenor Myanmar in March 2022.[11] Following the acquisition, concerns about ties to the Myanmar military and data privacy emerged.[5][12] However, in April 2022, the new parent company addressed these concerns, committing to uphold the data privacy policies of its predecessor.[13] ATOM Myanmar was launched in June 2022.[14]
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References
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