YANGON—More than 5,000 workers marched on Sunday in Hlaing Tharyar Township, where Yangon’s biggest industrial zone is located, to call for higher wages ahead of an upcoming amendment to Myanmar’s minimum wage law. Under the 2013 Minimum Wage Law, the National Committee for Designating Minimum Wage has to amend the minimum wage at least every […]
Kyaukpyu port to become model project in China-Myanmar BRI cooperation
January 21, 2020 by
Along the Bay of Bengal on the west tip of Myanmar, the town of Kyaukpyu in Rakhine State sits tranquilly on a 25-meter deep harbor. This deep-sea port, surrounded by superb natural conditions, could be developed into another demonstration project under the framework of the Belt and Road Initiative (BRI), mutually benefiting both Myanmar and […]
SCB wants Myanmar licence
January 21, 2020 by
Siam Commercial Bank is seeking approval from the Central Bank of Myanmar (CBM) to upgrade SCB’s representative office to operate under a bank subsidiary licence in the neighbouring country. The subsidiary model would offer SCB greater opportunities to do banking business in Myanmar, said chief executive Arthid Nanthawitthaya. Among the three options that the CBM […]
Conflicts in Myanmar a challenge for businesses, says World Bank
January 21, 2020 by
Myanmar is expected to grow at a rate of 6.4 percent in fiscal 2019-20 from as a result of higher government spending and private investments but a rising occurrence of conflict and violence could hold investors back, according to the World Bank’s Myanmar Economic Monitor report, released Tuesday. The report noted that the presence of […]
A modern, greener solution for farmers
January 21, 2020 by
When brown lesions and spots started showing up on their crops and spreading across acres of rice fields in Dedaye township, Ayeyarwady Region, back in 2014, farmers thought it was a pest or insect attack and doused the crops with pesticide. “Some farmers used large quantities of the most potent pesticides they could find in […]
The business of plastic waste
January 21, 2020 by
Plastic products are both a convenience and a curse but some innovative businesses in Yangon are striving to reduce their impact on the environment. FROM THE packaging of food to the outfitting of cars, plastic is essential to modern life. Its use accelerated rapidly after World War One, though the first man-made plastic material, Parkesine, […]
Thousands of Myanmar workers rally for higher minimum wage
January 21, 2020 by
Thousands of workers in Yangon on Sunday took to the streets to demand an increase in the minimum wage to K9800 ($6.66) ahead of the review of the country’s new minimum wage law. Ko Thwin Aung, chair of Myan Mhu garment workers union, said the current minimum wage of 4800 is below the cost of […]
Myanmar migrant workers in 2019 exceed 300,000
January 21, 2020 by
Over 305,000 people went overseas for work during 2019 according to the data from the Ministry of Labour, Immigration and Population. Monthly numbers of workers going abroad from January to November 2019 are 23,235 in January, 22,523 in February, 22,534 in March, 20,766 in April, 30,326 in May, 26,787 in June, 30,826 in July, 33,805 […]
Yangon to Cancel Self-help Electrification Programs
January 21, 2020 by
All self-help electrification programs in Yangon Region will be canceled, given that the regional government is carrying out its plan to provide electricity access to all villages, according to Yangon Chief Minister U Phyo Min Thein. “Village electrification committees are working for their own influence and power. We found out that some of the committees […]
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