Max Myanmar Seeks Deals in Financial Services @ Bloomberg

Max Myanmar Holding Co., a hotels -to-engineering conglomerate, said it is looking for partnerships in financial services and is in talks with France-based Accor SA to expand cooperation in hotel management.

The Yangon, Myanmar-based group expects legal changes in the country to encourage more investment, U Zaw Zaw, Max Myanmar chairman, said March 0 at the Bloomberg Invest Myanmar conference. U Zaw Zaw also said he “ has a dream “ to list the company in Hong Kong, Bangkok or Singapore, along with Yangon.
Myanmar is enacting laws to encourage foreign investment in one of Southeast Asia’s fastest growing economies. A revamped companies law to take effect by April will allow overseas investors to acquire as much as 35 percent of the equity in local firms before they are considered foreign-owned. Foreigners will also be able to buy shares on the Yangon stock exchange. A separate proposed law would also make foreign companies eligible for tax incentives without first seeking approval from the Myanmar Investment Commission.

“ The government needs to frame investor friendly policies to attract foreign investment, “ U Zaw Zaw said in a panel discussion at the conference in Yangon. “ We need to invest in infrastructure like roads and power. Power generation is very low. “

Max, founded in 1993, owns three hotels in the country including two that are managed by Accor SA, as well as cement factories, highway projects and gasoline pumps. U Zaw Zaw was previously on the U.S. government’s list of “ specially designated nationals. “

“ The U.S. government began a program of sanctions against Myanmar in May 1997 when the country was run by a military junta. Following a transition toward democracy, President Barack Obama rolled the sanctions back in October last year.

The new defunct U.S. program had targeted individuals and entitles including as well as U Zaw Zaw and his Max Myanmar Group.

The European Union lifted all its sanctions against Myanmar in 2013, with the exception of an arms embargo.

[kokhaingtattooartist]

One of my favorite role models in Myanmar. Full respect U Zaw Zaw.

[thanhtay]

He is my idol. i want to be a billionare oneday.

[thurazaw]

ေျပာသြားတာ အရမ္းအားက်ပါတယ္။ ေလးလည္းေလးစားပါတယ္။

[thetmgmgthein]

we wii try to do development, our country so we r myanmar more of plan skill investor and so support our goverment so we will intend became the country

[kyawswarkokomin]

So U ZawZaw is call. He live in Myanmar. OK

[vvolf]

what dignity? get inside the story of who is the real him...still a crony!