Union of Myanmar Economic Holdings Union of Myanmar Economic Holdings The Union of Myanmar Economic Holdings Limited (; also called Myanma Economic Holding and abbreviated UMEHL or UMEH) is one of two major conglomerates run by the Burmese military (through the Ministry of Defence), the other being the Myanmar Economic Corporation (MEC). In May 2012, when the United States suspended sanctions against Burma (Myanmar), sanctions against UMEHL were kept in place, because of its affiliation to the Burmese Tatmadaw. UMEHL also operates Myawaddy Bank and the Burmese military's pension fund. The headquarters are located on Maha Bandula Road in Yangon's Botataung Township. UMEHL was established
Communist insurgency in Myanmar led by trade union leaders Thakins Lwin and Chit Maung, and dubbed 'crypto-communists' or 'red socialists' by the Rangoon press. They tried unsuccessfully to bring the communists back into mainstream politics, and in 1956 formed an alliance called the National United Front to contest the election on a 'peace ticket' winning 35% of the vote though only a small number of seats. The politburo's decision to fight 'for the very existence of our party' at a clandestine central committee meeting in April 1948 in Rangoon was confirmed the following month by the full plenum of the CC at Hpyu 120