Myanmar businesses mull cost of new minimum wage

YANGON — Many workers in Myanmar are in line for a raise following the sudden introduction of a long-discussed minimum wage. For businesses, however, the government announcement has generated concerns over staffing costs and export competitiveness with rivals in neighboring economies. Since Sept. 1, Myanmar’s workers have been entitled to a mandatory minimum wage of […]

Pulse of the future: pilot trading program begins

Beans and pulses traders have begun a pilot program selling futures contracts, as business leaders look to develop a futures market for commodities in the country. Currently most agricultural commodities in Myanmar are sold “on the spot” for immediate delivery, but introducing futures contracts means an agreement to sell a commodity would come on one […]