MIC approves new projects worth $100 million

The Myanmar Investment Commission (MIC) has approved nine new projects in its fourth round of licensing since the new government took power. In the meeting, held last week, the commission approved four foreign investments worth US$62 million and five local investments worth more than K32 billion, according to Directorate of Investment and Company Administration (DICA) […]

Myanmar emphasis on productivity

MANUFACTURERS in Myanmar have been told to shift their focus to productivity, following the government’s approval of the country first minimum wage last week, said industry players. Aung Thein, vice chairman of the Myanmar Industries Association (MIA) and managing director of Nibban Electronics, said in an exclusive interview that Myanmar was still competitive in comparison […]

Government responds to accusations of mishandling labour protests

The Yangon Region government and Ministry of Labour, Employment and Social Security made announcements yesterday in response to criticism over their mishandling of workers’ protests in Yangon. After the parliament and government failed to guarantee a minimum wage for manual labourers, the momentum of the protests increased. At the beginning of February, protests by employees […]