Some businesses see positive impact from higher minimum wage

The Myanmar daily minimum wage has been set at K4,800, which is a rise of 33 percent from the K3,600 workers were drawing previously. The change was announced by the National Committee for the Minimum Wage on Monday. The change comes after months of negotiations between business owners and workers unions. Before the current wage […]

Yangon traffic and high expenses obstruct FDI

Heavy traffic jams, lack of a public mass transit system and outstanding living expenses are the major obstacles to foreign direct investments in Yangon, according to an advisor for the commerce ministry. “Foreign investors mainly seek to do business within a 50-mile radius of Yangon City. Living expenses should be reasonable. The most important thing […]