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Vietnamese ride-hailing FastGo launched in Myanmar

FastGo Vietnam on December 28 launched its service in Myanmar, becoming the first Vietnamese firm in the ride-hailing sector to expand its operations to foreign markets. FastGo plans to introduce its services in big cities in Myanmar in 2019, with 2 million users and 100,000 drivers. In addition, it would continue to invest and call […]

The Chicken & Egg problem – raise Minimum Wage first or Productivity?

  The decision by the National Committee for Designating Minimum Wage on January 2nd to increase the minimum wage has left many in the garment industry dissatisfied. Union officials believed that the new minimum wage of K4800 was not enough to cover the increasingly high cost of living, especially in the cities. Instead, they advocated […]

Myanmar sees 21% increase in export earnings

The Ministry of Commerce reported a 21 percent jump in the country’s export earnings between April and September 2013. Myanmar earned US$ 5.68 billion from exports, which is up from US$4.69 billion in the same period last year. Strong agricultural and industrial exports are among the key factors behind the surge in Myanmar’s earnings. The […]