Friday, October 5, 2007

List of Singaporean companies invested in Burma

CNA Group Ltd
CNA is as Sesdaq listed company headquartered in Singapore. It was, in 2005, awarded a contract for the expansion of Yangon International Airport. Under the contract C.N.A. will design, supply, install and commission 24 engineering systems for the airport terminals. The project is to be completed by early 2007 but the CEO has commented “we will continue to expand our presence in the region (Myanmar).”

DBS Group Holdings Ltd
DBS Group Holdings Ltd is the holding company of DBS bank and is one of the largest companies in terms of market capitalisation listed on the Singapore Exchange, with total assets amounting to over S$180 billion. Included in its international banking network is a representative office in Burma.

Ginnacle Import-Export Pte Ltd
Ginnacle is a company located in Singapore involved in the sales and marketing of Burmese teak lumber, decking and furniture. The Burmese regime owns all teak plantations in Burma and teak sales earn the regime millions of pounds every year.

Golden Aaron Pte. Ltd
Golden Aaron Pte. Ltd. is a Singaporean oil corporation. The company is part of a consortium which in 2005 signed three production sharing contracts with state run Myanmar Oil and Gas Enterprise, to explore for oil and gas in Burma, both on and offshore. It is a project which will undoubtedly provide the Burmese junta with a large and valuable source of income. The same consortium signed similar deals in 2004.

Interra Resources
Singapore listed Interra Resource’s principal activities are the exploration and operation of oil fields for the production of crude petroleum. It operates in Indonesia and Burma. In Burma its subsidiary Goldwater Oil was the first foreign oil company to extract oil in Burma. It is currently engaged in oil and gas exploration and production through its jointly controlled venture with Geopetrol called Goldpetrol.

Keppel Corporation
Singapore’s Keppel Corporation is a multinational corporation with interests in three key business areas: Offshore and Marine, Property and Infrastructure. Its property wing- Keppel Land has a presence in eight Asian countries including Burma where it owns the Sedona Hotels in Yangon and Mandalay.

OCBC Bank
OCBC Bank is Singapore’s longest established bank, and is today one of Asia’s leading financial services groups with gross assets of S$136 billion. The group has a global network of more than 310 branches and representative offices in 15 countries including Burma.

Shangri-La Hotels
Shangri-La Hotels is a Singaporean hotel company. It operates the Traders hotel in Rangoon.

United Overseas Bank Group
The United Overseas Bank was founded in 1935 and is today a leading bank in Singapore and a dominant player in Asia-Pacific. As of 31 December 2005, the UOB Group had total assets of S$145.1 billion and shareholders' equity of S$14.9 billion. UOB has a global network of branches, offices and subsidiaries, one such office being in Burma. UOB also has diversified interests and through its subsidiary United Overseas Land the group operates the Park Royal Yangon hotel.

138 comments:

Anonymous said...

So what if Singapore is doing business with Myanmar. Another anti-Singapore blog. Shame on you.

Anonymous said...

To the anonymous above, you should said is another patrotic blog, not anti-Singapore. The writer love Singapore, that is why he speak up. How about yourself? You love Singapore? or PAP?

Anonymous said...

How about our Tamasek or other Government-Linked Companies?

Only after the Myanmar crisis surfaced, the PAP govt acts like a democratic country in joining the international community to express its 'horrors' of what's going on in Myanmar.

It's cozy relations with the military junta in Myanmar has dated back decades.

That's the hypocrisy of "hanging the small-time drug pushers in Singapore, yet doing business with the druglords.

Anonymous said...

Well, our NTUC is certainly there.

The NTUC taxis and supermarkets, and I reckon there must be more than just these...

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Anonymous said...

i am interesting to work with one of the Singapore companies working in Myanmar. I was a graduate from Univesity Teknologi MARA with a degree in Business Administration majoring in Finance. I can speak and write Myanmar language very well. My email is NasirSamad02@gmail.com or 013-3002778

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