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Average worker spends over K7000 daily: Yangon govt

Workers in Myanmar’s economic capital spend over K7000 (US$4.83) a day, according to a survey by Yangon Region’s Minimum Wage Committee. U Tun Wai, the committee’s labor representative, said that workers spend K5000 to K6000 a day on food, accommodation, and family needs. “If we add expenses for health, transportation and miscellaneous, the amount rises […]

Myanmar govt seeks to scrap mandatory review of minimum wage

The government submitted an amendment to the country’s Minimum Wage Law on Thursday that would scrap the mandatory review of the minimum wage every two years. Under the bill submitted to the Amyotha Hluttaw (Upper House), ministries will continue to review the minimum wage and change it if the country’s economic performance warrants. U Kyaw […]

Thousands of Myanmar Workers Demand Higher Minimum Wage

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 […]

Thousands of Myanmar workers rally for higher minimum wage

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 […]

Yangon to conduct own survey to determine minimum wage

The Yangon Region government will conduct its own survey starting next week to gather data that would help in determining the country’s next minimum wage, a regional labour official said Wednesday. U Khin Maung Thwin, secretary of Minimum Wage Committee and regional officer of Department of Labour, said the data collection will start on Monday […]

Garments sector poised to boom in Pathein

The garment industry seems poised to boom in Ayeyarwady Region, with a company developing an industrial park near Pathein signing a contract with a Chinese firm that plans to build 50 garment factories within two years. The new factories would dramatically expand the town’s nascent manufacturing sector, which has for several years been attracting interest […]

EU’s threat to scrap trade preferences spurs Myanmar’s reforms

Economic reform is getting a second wind in Myanmar as the government tries to lure back foreign investors scared away by reports of human rights abuses against the country’s Rohingya Muslim minority. The government has announced the easing of restrictions on foreign banks and the creation of a new ministry to oversee foreign investment in […]

Manufacturing key to Myanmar’s growth

Myanmar has been transitioning to a more open and market-oriented economy over the past few years. While progress has been made throughout the economy, manufacturing has witnessed rapid expansion, accounting for 15 percent of GDP in 2007 but growing to 24pc in 2017. Garment manufacturing, in particular, has grown rapidly, with exports expected to surpass […]

Rakhine and wage issues weigh on Myanmar Garment Industry

  Rakhine and wage issues weigh on Myanmar Myanmar’s garment exports may be thriving, but the on-going issue in the Rakhine State and rising wages are the latest shadows on the horizon. The garment sector is a jewel in newly-democratic Myanmar’s export crown; now the second largest revenue earner after natural gas. Yet all too often […]

Myanmar urged to do more to attract Korean investment

MYANMAR needs to pick up the pace of economic reforms in order to attract more investment from South Korea, said a senior trade official who led a market research mission to Myanmar. Lee Hyuk, secretary general of the Asean-Korea Centre, said in an interview that Myanmar must urgently create a better investment climate to succeed […]