The National Minimum Wage Council has sought the approval of the president for the new minimum wage of K4800 (US$3.60) per day to be enforced starting in April, a member of the committee told The Myanmar Times. “All the committee members, including the committee chair union minister, has proposed the wage to come into force […]
Workers Seek Minimum Wage Hike Amid Delay in Government Review
August 8, 2017 by
Workers in the country are seeking an increase in the minimum wage amid a rise in the prices of basic commodities and services as the government review of the current wage faces delays. Factory workers have protested and demanded the government increase the daily minimum wage to K5600 (US$4.11) from the current K3600. The government […]
More Economic Zones Needed to Boost Manufacturing: MIDA
June 13, 2017 by
Businesses and economists suggested that economic growth would depend on a growing manfacutring sector, liberalisation and revising the governing framework of different sectors. Deputy minister for the Ministry of Commerce, U Aung Htoo, said that the ministry would boost export and simplify procedures for trade and exports. The comments were made to follow up the […]
Dollar Exchange Rate Climbs, Shakes Up Burma’s Business Community
November 23, 2016 by
RANGOON — The US dollar exchange rate—at its highest since the new government came to power in April—has Burma’s business community looking for better trade policy. “In the black market, the exchange rate is currently 1306 kyats [US$1] per dollar; it’s too high for importers. If the import demand increases, it could impact the prices […]
