Myanmar: Ports

(asked on 13th January 2020) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask Her Majesty's Government what discussions they have had, if any, with Portia Management Services about its management of TMT Port in Yangon, which is owned by the Burmese military controlled Myanmar Economic Holdings Ltd.


Answered by
 Portrait
Lord Ahmad of Wimbledon
Minister of State (Foreign, Commonwealth and Development Office)
This question was answered on 22nd January 2020

As the recent UN Fact Finding Mission report sets out, the Myanmar Military and companies linked to it are entrenched across the economy. Some of the relationships are opaque, and being clear about the precise details of ownership of a company or infrastructure is sometimes very difficult.

Following the publication of the UN Fact Finding Mission report, the British Embassy has met regularly with British companies, including Portia Management Services, and stressed the importance of undertaking robust due diligence.

We offer advice and support on working with responsible local partners and encourage all British companies to undertake their own due diligence on any investment projects.

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