Entrepreneurship week hits nine Myanmar cities

Myanmar’s democratic transition has made chasing down dreams a bit easier for entrepreneurs, according to the president of the Myanmar Young Entrepreneurs’ Association (MYEA). The key difference since Myanmar began to open up is that now, with a good idea and enough capital, “you can do it”, said U Wai Phyo at a media roundtable […]

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 […]