IGE Group of Companies

The International Group of Entrepreneurs (Burmese: အိုင်ဂျီအီး ကုမ္ပဏီအုပ်စု; IGE Group) is one of Myanmar's 5 largest conglomerates, possessing 13 subsidiaries that employ 4,000 people.[1] IGE also possesses Myanmar's second largest timber trading company. It also exports Burmese rice. IGE Group of Companies was established in 1994 in Burma, and registered in Singapore in 2001. The company is also active in the country's oil and gas sector.[citation needed] In 2007, IGE earned over US$75 million in revenues.[1] The company was previously subjected to economic sanctions by the United States government, because of its ties to the State Peace and Development Council, the former military junta.[2]

IGE Group of Companies
Native name
အိုင်ဂျီအီး ကုမ္ပဏီအုပ်စု
Company typeLimited company
IndustryTimber, Oil & Gas, Electricity, Banking, Hotels, Telecommunications, Construction
Founded1994; 30 years ago (1994)
Headquarters,
OwnerNe Aung
Pyi Aung
Number of employees
4,000
SubsidiariesAung Yee Phyo Company
UNOG Company
United Amara Bank
Websitewww.ige.com.mm

It is owned by Ne Aung, the son of Aung Thaung, a politician and former military general.[3]

Subsidiaries

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References

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  1. ^ a b Aung Min; Toshihiro Kudo (2014). "Business Conglomerates in the Context of Myanmar's Economic Reform" (PDF). Myanmar's Integration with Global Economy: Outlook and Opportunities. Bangkok Research Report. Archived from the original (PDF) on 24 September 2015. Retrieved 11 July 2015.
  2. ^ Schectman, Joel (31 October 2014). "New Blacklisting Shows Myanmar Business Perilous". Wall Street Journal. Archived from the original on November 8, 2014. Retrieved 11 July 2015.
  3. ^ "Tracking the Tycoons". The Irrawaddy. September 2008. Archived from the original on 11 July 2015. Retrieved 11 July 2015.
  4. ^ http://www.igemyanmar.com/our-business/trade/trading/
  5. ^ http://www.igemyanmar.com/our-business/trade/unog-trading/
  6. ^ http://www.igemyanmar.com/our-business/trade/ppcl-2/
  7. ^ http://www.igemyanmar.com/our-business/construction-2/future-creator-group-of-construction-co-ltd-fcgc/
  8. ^ http://www.igemyanmar.com/our-business/construction-2/construction/
  9. ^ http://www.igemyanmar.com/ige-land-co-ltd/
  10. ^ http://www.igemyanmar.com/our-business/energy-2/power/
  11. ^ http://www.igemyanmar.com/our-business/energy-2/oil-gas/
  12. ^ http://www.igemyanmar.com/grand-amara-hotel/
  13. ^ http://www.igemyanmar.com/daewoo-amara-hotel/
  14. ^ "Home". unitedamarabank.com.
  15. ^ https://www.facebook.com/uabsecurities/ [user-generated source]
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