IGE Group of Companies
Native name | အိုင်ဂျီအီး ကုမ္ပဏီအုပ်စု |
|---|---|
| Limited company | |
| Industry | Timber, oil, gas, electricity, banking, hotel, telecommunications, construction |
| Founded | 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]
It is owned by Nay Aung and Pyi Aung, the sons of Aung Thaung, a politician and former military general.[3] The company is currently subjected to economic sanctions by the United States government, because of its ties to the State Peace and Development Council, the former military junta.[4]
Subsidiaries
- Aung Yee Phyo Company
- UNOG Company
- United Amara Bank[5]
References
- 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. Cite uses deprecated parameter
|coauthors=(help) - 1 2 3 4 "BURMA: INDUSTRY MINISTER'S FAMILY BENEFITS FROM CONNECTIONS". Embassy of the United States, Rangoon. Retrieved 11 July 2015.
- ↑ "Tracking the Tycoons". The Irrawaddy. September 2008. 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.
- ↑ "The Myanmar Times Bank Survey 2014". Myanmar Times. 15 July 2014. Retrieved 11 July 2015.