IGE Group of Companies

IGE Group of Companies
Native name
 အိုင်ဂျီအီး ကုမ္ပဏီအုပ်စု
Limited company
Industry Timber, Oil & Gas, Electricity, Banking, Hotels, Telecommunications, Construction
Founded 1994 (1994)
Headquarters Yangon, Myanmar
Owner Nay Aung
Pyi Aung
Number of employees
 3,000
Subsidiaries Aung Yee Phyo Company
UNOG Company
United Amara Bank

IGE Group of Companies (Burmese: အိုင်ဂျီအီး ကုမ္ပဏီအုပ်စု) is one of Myanmar's 5 largest conglomerates, possessing 8 subsidiaries that employ 3,000 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. 1 2 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. Retrieved 11 July 2015.
  2. 1 2 3 4 "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. ↑ "The Myanmar Times Bank Survey 2014". Myanmar Times. 15 July 2014. Retrieved 11 July 2015.
  6. ↑ "The Myanmar Times Bank Survey 2014". Myanmar Times. 15 July 2014. Retrieved 11 July 2015.
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