Ordinary folk feel the pinch from tumbling kyat

The downward spiral of the kyat against the US dollar has taken its toll on the prices that people have to pay for everyday items like rice, fish, meat, and vegetables. Housewives complain that even the prices of salt, fish paste and other condiments that are staples for ordinary folk have increased. The prices of […]

Workers ask government to monitor wage hike implementation

Following the decision by the National Committee for the Minimum Wage to increase the daily basic wage to K4800, a campaign has been organised to call for the government to strictly enforce its implementation. The Myanmar Labor Union for Industrial and Various Services led a campaign rally at the open park on Sunday, said U […]

Workers going to Thailand hits record high in January

The number of Myanmar workers migrating to Thailand with a Memorandum of Understanding (MoU) in hand hit a record high of 16,988 in late January. An official at the Friendship Bridge said the number of workers leaving with an MoU “has hit a record high as more than 500 workers migrate to Thailand every day.” […]

Floods take a toll on domestic economy

Commodity prices have spiked with the flooding of hundreds of thousands of acres of farmland, hitting domestic consumers in the pocketbook. Experts are calling for a coordinated government and private sector response to ensure the spike does not get out of control. U Ko Ko Gyi, a member of the Pyithu Hluttaw from Mandalay Region […]

Myanmar’s commodity prices jump up 90 percent after government pay raise

Myanmar has seen an increase of 10 to 90 percent in commodity prices within a year after the government gave a pay raise of Ks 20,000 in monthly salary to its personnel in 2013, according to sources. The government gave the pay increase starting from last April, forcing the commodity prices to go up, which […]