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]
Native name | အိုင်ဂျီအီး ကုမ္ပဏီအုပ်စု |
|---|---|
| Company type | Limited company |
| Industry | Timber, Oil & Gas, Electricity, Banking, Hotels, Telecommunications, Construction |
| Founded | 1994 |
| Headquarters | , |
| Owner | Ne Aung Pyi Aung |
Number of employees | 4,000 |
| Subsidiaries | Aung Yee Phyo Company UNOG Company United Amara Bank |
| Website | www |
It is owned by Ne Aung, the son of Aung Thaung, a politician and former military general.[3]
Subsidiaries
edit- United National Oil & Gas Trading Co., Ltd. (UNOG Trading)[4]
- Myanmar Rice Trading Co., Ltd. (MRT)[5]
- IGE Energy Co., Ltd.[6]
- Future Creator Group of Construction Co., Ltd. (FCGC)[7]
- Crete Master Ready-Mixed Concrete Co., Ltd. (CMC)[8]
- IGE Land Co., Ltd. (IGE Land)[9]
- International Power Generation Public Co., Ltd (IPG)[10]
- United National Oil & Gas Co., Ltd. (UNOG)[11]
- The Amara Hotel Co., Ltd.[12]
- IGE Sin Phyu Shin Co., Ltd. (IGE SPS)[13]
- United Amara Bank[14]
- UAB Securities Limited[15]
References
edit- ^ 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.
- ^ 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.
- ^ "Tracking the Tycoons". The Irrawaddy. September 2008. Archived from the original on 11 July 2015. Retrieved 11 July 2015.
- ^ http://www.igemyanmar.com/our-business/trade/trading/
- ^ http://www.igemyanmar.com/our-business/trade/unog-trading/
- ^ http://www.igemyanmar.com/our-business/trade/ppcl-2/
- ^ http://www.igemyanmar.com/our-business/construction-2/future-creator-group-of-construction-co-ltd-fcgc/
- ^ http://www.igemyanmar.com/our-business/construction-2/construction/
- ^ http://www.igemyanmar.com/ige-land-co-ltd/
- ^ http://www.igemyanmar.com/our-business/energy-2/power/
- ^ http://www.igemyanmar.com/our-business/energy-2/oil-gas/
- ^ http://www.igemyanmar.com/grand-amara-hotel/
- ^ http://www.igemyanmar.com/daewoo-amara-hotel/
- ^ "Home". unitedamarabank.com.
- ^ https://www.facebook.com/uabsecurities/ [user-generated source]
External links
edit
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