The International Group of Entrepreneurs ( my, အိုင်ဂျီအီး ကုမ္ပဏီအုပ်စု; IGE Group) is one of Myanmar's 5 largest conglomerates, possessing 13 subsidiaries that employ 4,000 people.
IGE also possesses Myanmar's second largest
timber
Lumber is wood that has been processed into dimensional lumber, including beams and planks or boards, a stage in the process of wood production. Lumber is mainly used for construction framing, as well as finishing (floors, wall panels, wi ...
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.
The company was previously subjected to
economic sanctions
Economic sanctions are commercial and financial penalties applied by one or more countries against a targeted self-governing state, group, or individual. Economic sanctions are not necessarily imposed because of economic circumstances—they may ...
by the United States government, because of its ties to the
State Peace and Development Council
The State Peace and Development Council ( my, နိုင်ငံတော် အေးချမ်းသာယာရေး နှင့် ဖွံ့ဖြိုးရေး ကောင်စီ ; abbreviated SPDC or , ) was the offi ...
, the former military junta.
It is owned by Ne Aung, the son of
Aung Thaung
Aung Thaung ( my, အောင်သောင်း; 1 December 1940 – 23 July 2015) was a Burmese politician and businessman. He served as a member of the country's lower house, the Pyithu Hluttaw, representing the constituency of Taungtha Towns ...
, a politician and former military general.
Subsidiaries
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United National Oil & Gas Trading Co., Ltd. (UNOG Trading)
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Myanmar Rice Trading Co., Ltd. (MRT)
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IGE Energy Co., Ltd.
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Future Creator Group of Construction Co., Ltd. (FCGC)
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Crete Master Ready-Mixed Concrete Co., Ltd. (CMC)
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IGE Land Co., Ltd. (IGE Land)
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International Power Generation Public Co., Ltd (IPG)
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United National Oil & Gas Co., Ltd. (UNOG)
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The Amara Hotel Co., Ltd.
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IGE Sin Phyu Shin Co., Ltd. (IGE SPS)
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United Amara Bank
UAB (formerly known as United Amara Bank) is a private commercial bank in Myanmar.
History
UAB was one of 4 private banks to commence operations in August 2010, the first new financial institutions in the country since the establishment of Inn ...
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UAB Securities Limited[https://www.facebook.com/uabsecurities/ ]
References
External links
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Conglomerate companies of Myanmar
Holding companies established in 1994
1994 establishments in Myanmar
Entities related to Myanmar sanctions
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