Private company
Burmese military corporation
The Myanmar Economic Corporation (Burmese: မြန်မာ့စီးပွားရေး ကော်ပိုရေးရှင်း; abbreviated MEC) is one of the two major conglomerates and holding companies operated by the Burmese military, the other being the Myanma Economic Holdings Limited. The U.S. Treasury Dept. reports that MEC "is a holding company with businesses in the mining, manufacturing, and telecommunications sectors, as well as companies that supply natural resources to the military, and operate factories producing goods for use by the military.2 It was founded by Ministry of Defence.1 Wikipedia text CC BY-SA 4.0
Last updated Oct 21, 2026.
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The Myanmar Economic Corporation (Burmese: မြန်မာ့စီးပွားရေး ကော်ပိုရေးရှင်း; abbreviated MEC) is one of the two major conglomerates and holding companies operated by the Burmese military, the other being the Myanma Economic Holdings Limited. The U.S. Treasury Dept. reports that MEC "is a holding company with businesses in the mining, manufacturing, and telecommunications sectors, as well as companies that supply natural resources to the military, and operate factories producing goods for use by the military." As of August 2022, Nyo Saw is the chairman of MEC.2
Myanmar Economic Corporation sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Built from subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What Myanmar Economic Corporation reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Things Wikidata records the company as owning, with the share when stated.1
Founded by Ministry of Defence in 1997.1
Following the February, 2021 Myanmar coup d'état, in which the Tatmadaw seized power from the elected civilian government, the United States sanctioned MEC, March 25, 2021, for the company's association with, and support of, the Tatmadaw, -- impounding U.S.-held assets of the company, and forbidding U.S. nationals from doing business with them.
From Wikipedia’s article on Myanmar Economic Corporation, shared under CC BY-SA 4.0.3
In 2009, MEC had 21 factories, including 4 steel plants, a bank, a cement plant and an insurance monopoly. Its headquarters are located on Ahlon Road in Yangon's Ahlon Township. MEC has remained on the United States' list of sanctioned companies due to its affiliation to the Burmese military. MEC also operates Innwa Bank, one of Burma's few banking chains. A subsidiary of MEC, Star High Public Company, owns 28% of Mytel, one of Myanmar's largest telecommunications company, in a joint venture with Viettel.
MEC is operated under the Ministry of Defence's Directorate of Defence Procurement (DPP), with its private shares exclusively owned by active-duty military personnel.
The corporation's capital was established through revenues generated from the public auctioning of state-owned enterprises throughout the 1990s. Through joint ventures with foreign companies and mergers with smaller companies, MEC has positioned itself as one of Burma's largest corporations.
In 2000, MEC launched Cybermec Information Technology Center, an IT venture.
From Wikipedia’s article on Myanmar Economic Corporation, shared under CC BY-SA 4.0.3
From Wikidata.1
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