IGE Group of Companies explained
| IGE Group of Companies |
| Native Name Lang: | my |
| Type: | Limited company |
| Industry: | Timber, Oil & Gas, Electricity, Banking, Hotels, Telecommunications, Construction |
| Hq Location City: | Yangon |
| Hq Location Country: | Myanmar |
| Areas Served: | --> |
| Num Employees: | 4,000 |
| Owner: | Ne Aung
Pyi Aung |
| Subsid: | Aung Yee Phyo Company
UNOG Company
United Amara Bank |
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. In 2007, IGE earned over 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]
It is owned by Ne Aung, the son of Aung Thaung, a politician and former military general.[3]
Subsidiaries
- 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]
Notes and References
- Web site: Business Conglomerates in the Context of Myanmar's Economic Reform. Aung Min. Toshihiro Kudo. 2014. Myanmar's Integration with Global Economy: Outlook and Opportunities. Bangkok Research Report. 11 July 2015. dead. https://web.archive.org/web/20150924032745/http://www.ide.go.jp/English/Publish/Download/Brc/pdf/13_07.pdf. 24 September 2015.
- News: New Blacklisting Shows Myanmar Business Perilous . Schectman . Joel . 31 October 2014 . Wall Street Journal . 11 July 2015 . dead . https://web.archive.org/web/20141108171756/https://blogs.wsj.com/riskandcompliance/2014/10/31/new-blacklisting-shows-myanmar-business-still-perilous/ . November 8, 2014 .
- News: Tracking the Tycoons. September 2008. The Irrawaddy. 11 July 2015. 11 July 2015. https://web.archive.org/web/20150711214827/http://www2.irrawaddy.org/article.php?art_id=14151&page=3. dead.
- 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/
- Web site: Home . unitedamarabank.com.
- https://www.facebook.com/uabsecurities/
