Last Updated: April 20, 2026
Last Updated: April 20, 2026
Myanmar Economic Corporation
Aliases
MEC
Address
Strand Rd., Near Thakhin Mya Park, Ayeyar Waddy Ward, Ahlone, Yangon, Myanmar
Linked entities
Ahlone International Port Terminal 1; Amber International Company Ltd.; Anhydrous Ethanol Plant (Taungzinaye); Aung Myint Moh Min Insurance Company Ltd.; Bagwa Gone Company Ltd.; Bagwa Gone Gems Company Ltd.; Dagon Beverages Company Ltd.; Dagon FC Company Ltd.;; Innwa Bank Ltd; Myanmar Economic Corporation Telecommunication (MECTel); Myanmar Mobile Money Services Company Ltd.; Mytel Wallet International Myanmar Company; Nan Myaing Coffee (Pyin Oo Lwin); Okkala Golf Resort; Sandaku Myint Mo Co., Ltd.; Star High Co., Ltd.; Star High Group Company Ltd; Tristar Tyre Manufacturing Company Ltd; Agro Pack Co., Ltd.; Aung Myint Mo Min Securities; Aung Zayya Oo Co., Ltd.; Golden Majestic Star Mobile Company Limited; Cannery; Cement plant (Myaingglay); Coal Mine (Maw Taung); Coal Mine and Power Plant (Mai Khot); Container Transport and Port Clearance Yard (Ywama) Cotton Ginning Factory (Myitthar); Dagon Dairy Farm, Dairy Factory and Cannery (Pyinmabin); Dagon Rum Factory (Shwe Pyi Thar); Disposable Syringe Factory (Hwambi); Galvanized Iron Sheet Factory (Than Hlyin); Gas plant (Botahthaung); Gas plant (Mandalay); Gems Extraction Mine (Mine Shu – Loi Saung Htauk); Glass Factory (Than Hlyin); Granite Mine and Processing Plant (Balin); GSM Mobil Phone (438,000) Allocation (Ayeyarwadi Division); Gypsum Mine and Transportation Plant (Htone Bo); High Tension Steel Bolts, Nuts and Washers Manufacturing Plant (Ywama); Hteedan Port (Kyeemyindine); Indoor Skydiving; Jade Extraction Mine (Lone Khin – Hpakan); Kan Thar Yar International Specialist Hospital; Marble mine and processing plant (Mandalay); Myanmar Mobile Money Services Company Ltd.;; Myanmar Sigma Cable Wire Factory (Hlaing Thar Yar);; Nay Pyi Taw Ye Pyar Drinking Water Plant (Naypyitaw); No. 1 Steel Rolling Mill in Kyauk Swae Kyowe on site of Pinpet Iron Ore Mine; No. 2 Steel Mill and Fabrication Shop (Myaungdagar); No. 3 Steel Mill 3 (Ywama); Oxygen Plant (Mindama); Paper Factory (Myainggalay); Printing Factory (Yangon); Refractory Plant (Aung Lan); Remote sensing ground station; Rice Mills and Rice Storage (Hteedan Port); Ship Breaking Yard (Thilawa); Sugar Mill (Du Yin Gabo); Sugar mill (Kanbalu); Sugar Mill (Kanhla); Tea factory (Kan Yeik Thar); Tea powder and tea mix factory (Pyinmabin); Tyre Retreading Plant (Ywama); Virgin Coconut Oil Factory (Pathein); Wolfram Mine (Dawei)
Official reason
Myanmar Economic Corporation (MEC) is a major Myanmar conglomerate, which in practice is owned and governed by, and for the benefit of, the Myanmar Ministry of Defence (MoD). The Tatmadaw who are responsible for serious human rights violations against the population of Myanmar, including the 2021 coup d'etat and violence against ethnic minorities, is under the command of the MoD. Also several former and serving member of the Tatmadaw are directors of MEC. There are therefore reasonable grounds to suspect that MEC is associated with the Tatmadaw. Further or alternatively, there are reasonable grounds to suspect that MEC made funds available to the Tatmadaw by directly contributing to a fundraising event aimed at providing financial support for the Tatmadaw during the 2017 ‘clearance operations’ against the Rohingya. These “clearance operations” resulted in serious human rights violations, including mass unlawful killing, torture, systematic rape and targeted sexual violence.
Other Information
Names of Director(s)/Management: Lt Gen (retired) Nyo Saw (Former QMG – retired in 2020); Maj Gen Moe Myint Htun (Army COS); Rear Admiral Moe Aung (Navy COS); Lt Gen Htun Aung (Air Force COS); Brig Gen Aung Kyaw Hoe (Defence Perm Sec); Aung Lin Tun (Htun); Maj Gen Aung Zay Ya; Khin Maung Soe; Maj Gen Maung Maung Myint; Brig Gen Thaik Soe; Thant Swe; Thant Zin; Maj Gen Thaw Lwin; Thein Toe; Maj Gen Zaw Lwin Oo; Zin Min Htet; Aung Min; Htun Htun Oo; Myo Thant; Win Lwin. Ultimate beneficial owner(s): Myanmar senior military leadership, units and battalions. The Director Disqualification Sanction was imposed on 09/04/2025.
Date of listing
2021-04-01
Program information
Authority
UK
Program
The Global Human Rights Sanctions Regulations 2020
Regime
UK horizontal
Target State
Human Rights
Measures
Asset freeze and making available provisions, Travel bans
Sanctions Portfolio
• The Regulations impose financial sanctions through a targeted asset freeze on designated persons and prohibitions on making funds or economic resources available. This involves the freezing of funds and economic resources (non-monetary assets, such as property or vehicles) of designated persons and ensuring that funds and economic resources are not made available to or for the benefit of designated persons, either directly or indirectly. • The effect of the Regulations is to impose a travel ban on persons who are designated by the Secretary of State for the purposes of being made subject to immigration sanctions under the Sanctions Act.
Official Information
The Global Human Rights Sanctions Regulations 2020 put in place sanctions measures to deter, and provide accountability for, activities which, if carried out by or on behalf of a State within the territory of that State, would amount to a serious violation by that State of an individual’s: • right to life • right not to be subjected to torture or cruel, inhuman or degrading treatment or punishment • right to be free from slavery, not to be held in servitude or required to perform forced or compulsory labour The Regulations impose financial and immigration sanctions in order to deter, and provide accountability for, activities which, if carried out by or on behalf of a state within the territory of that state, would amount to a serious violation by that state of an individual’s: These activities could be carried out by either a state or non-state actor and, accordingly, both state and non-state actors may be designated under the Regulations. Whilst non-state actors do not have obligations under international human rights law, the UK nevertheless recognises the harmful and devastating impact that such activities by non-state actors can have on individuals’ mental and physical well-being.
Additional Details
Licensing and exception provisions are contained in Part 5 of the Regulations.
Program URL
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