VES Group

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VES Group (VES Group Co. Ltd.) is a holding company based in Thailand. VES is a leading investor in Burma with interests in its main industries of logging, gem mining, jewellery, pearl farming, commercial fishing and tourism. It is also involved in various construction and infrastructure projects in Burma. The group is headed by Vikrom Aisiri, a Thai businessman and politician. Aisiri also owns and operates the Andaman Club, an island casino cum golf resort on the island of Thahtay Kyun, under a concession from the Burmese government. The group also controls the Dusit Island Resort in Chiang Rai and is building a new four star hotel in Ranong. The group also has a long term eco-tourism concession on St. Lukes Island.

A holding company is a company that owns other companies' outstanding stock. A holding company usually does not produce goods or services itself; rather, its purpose is to own shares of other companies to form a corporate group. Holding companies allow the reduction of risk for the owners and can allow the ownership and control of a number of different companies.

Thailand Constitutional monarchy in Southeast Asia

Thailand, officially the Kingdom of Thailand and formerly known as Siam, is a country at the centre of the Southeast Asian Indochinese peninsula composed of 76 provinces. At 513,120 km2 (198,120 sq mi) and over 68 million people, Thailand is the world's 50th-largest country by total area and the 21st-most-populous country. The capital and largest city is Bangkok, a special administrative area. Thailand is bordered to the north by Myanmar and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the west by the Andaman Sea and the southern extremity of Myanmar. Its maritime boundaries include Vietnam in the Gulf of Thailand to the southeast, and Indonesia and India on the Andaman Sea to the southwest. It is a unitary state. Although nominally the country is a constitutional monarchy and parliamentary democracy, the most recent coup, in 2014, established a de facto military dictatorship under a junta.

Vikrom Aisiri is a Thai businessman and politician. Aisiri is the Thai senator from Ranong province. His business holdings include the VES Group, Phuket Airlines, Andaman Club, a casino cum golf resort on Thahtay Kyun Island in Burma and Dusit Island Resort in Chiang Rai. A publicity shy millionaire with a family business background in construction, Aisiri built his personal fortune as Chairman of the VES Group. VES is a major investor in Burma with interests in its main industries of logging, gem mining, pearl farming, commercial fishing and tourism. The group is also rumored to be building a four star hotel in Ranong for overnight stay of tourists on their way to the Andaman Club. He is also known for his close ties with the State Peace and Development Council, the ruling military junta in Burma. Aisiri is also reported to be one of the promoters of Timor Air.

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Andaman Club is a five-star island casino and golf resort in Burma. It is located on 730 ha of Thahtay Kyun Island within the Mergui Archipelago in the Andaman Sea. Directly adjacent to Ranong, in the south of Thailand and to King Bayint Nbung is a region famous for its gems, pearls, flora and fauna. The pier is 5 kilometres (3.1 mi) from the Ranong city centre and it takes 20 minutes to cross the Andaman Sea to the island resort. It is owned and operated by the VES Group of Thailand, under a long-term concession from the Burmese government.

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