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IGE Group of Companies

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IGE Group of Companies
Native name
Template:My
Company typeLimited company
IndustryTimber, Oil & Gas, Electricity, Banking, Hotels, Telecommunications, Construction
Founded1994; 30 years ago (1994)
Headquarters
Yangon
,
Myanmar
OwnerNay Aung
Pyi Aung
Number of employees
4,000
SubsidiariesAung Yee Phyo Company
UNOG Company
United Amara Bank

IGE Group of Companies (Template:Lang-my) 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.[2] It also exports Burmese rice.[2] IGE Group of Companies was established in 1994 in Burma, and registered in Singapore in 2001.[2] The company is also active in the country's oil and gas sector.[2] 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.[3]

It is owned by Nay Aung, the son of Aung Thaung, a politician and former military general.[4]

Subsidiaries

References

  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. ^ a b c d "BURMA: INDUSTRY MINISTER'S FAMILY BENEFITS FROM CONNECTIONS". Embassy of the United States, Rangoon. Retrieved 11 July 2015.
  3. ^ 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.
  4. ^ "Tracking the Tycoons". The Irrawaddy. September 2008. Retrieved 11 July 2015.
  5. ^ http://www.igemyanmar.com/our-business/trade/trading/
  6. ^ http://www.igemyanmar.com/our-business/trade/unog-trading/
  7. ^ http://www.igemyanmar.com/our-business/trade/ppcl-2/
  8. ^ http://www.igemyanmar.com/our-business/telecom/
  9. ^ http://www.igemyanmar.com/our-business/construction-2/future-creator-group-of-construction-co-ltd-fcgc/
  10. ^ http://www.igemyanmar.com/our-business/construction-2/construction/
  11. ^ http://www.igemyanmar.com/ige-land-co-ltd/
  12. ^ http://www.igemyanmar.com/our-business/energy-2/power/
  13. ^ http://www.igemyanmar.com/our-business/energy-2/oil-gas/
  14. ^ http://www.igemyanmar.com/grand-amara-hotel/
  15. ^ http://www.igemyanmar.com/daewoo-amara-hotel/
  16. ^ http://www.unitedamarabank.com/
  17. ^ https://www.facebook.com/uabsecurities/
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