Myanmar’s Central Bank has announced that 17 companies—including Htoo Trading Co., Ltd., linked to businessman U Tay Za—have been removed from the blacklist after fully repatriating their export earnings.
Previously, authorities had blacklisted companies that failed to bring back export revenues within specified periods. These included 83 companies that exported goods in 2020–2021 with outstanding earnings of over US$500,000, 197 companies that exported between 2016 and 2020 without repatriating income, and 287 companies that exported between January 1, 2021, and March 31, 2025, but had not returned their export earnings. Measures imposed included blacklisting and travel restrictions.
Among the affected firms, 29 companies had already fully repatriated their export earnings and were removed from the blacklist and travel ban on December 30, 2025, according to the Central Bank.
The latest announcement confirms that an additional 17 companies have now complied by fully returning their export earnings. As a result, both the companies and their board members have been cleared from the blacklist and associated travel restrictions.
The 17 companies include Htoo Trading Co., Ltd., where U Tay Za and his son Pyae Phyo Tay Za serve as directors, along with Yang Brothers National Co., Ltd., Multi World Trade Co., Ltd., Myanmar Yulin Co., Ltd., N.Y.K Global Diamond Crown Co., Ltd., BAAB’s Myanmar Co., Ltd., Mogok Hair Co., Ltd., Biopro (Myanmar) Co., Ltd., Lucky Marine Products Co., Ltd., Min Gamani Co., Ltd., San Dara Aung Co., Ltd., RRR Non Woven Manufacture Co., Ltd., MMSM (Myawaddy) Co., Ltd., Zwe Tharaphu Co., Ltd., Hao Yuan Co., Ltd., and Rax Myanmar Co., Ltd.
