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New basic wage may take effect in April

The National Minimum Wage Council has sought the approval of the president for the new minimum wage of K4800 (US$3.60) per day to be enforced starting in April, a member of the committee told The Myanmar Times. “All the committee members, including the committee chair union minister, has proposed the wage to come into force […]

Dawei SEZ is for the few, not the many

A few elites will benefit from reviving Dawei SEZ, but what about the rest? Civil society organisations demand authorities to halt the controversial Dawei project and rethink. CIVIL society organisations have demanded the authorities to reconsider the plans to revive the controversial Dawei Special Economic Zone (SEZ). They argued that a site-wide environment impact assessment […]

Yangon Taxi: A ride of terror for single women at night

Passengers and taxi drivers have everything to gain from stricter rules. It was late at night. She argued about the taxi fare – as we all do. After the ride, the driver raised the price – as they often do. But this time things took a nasty turn. The passenger, a young girl, refused to […]

Myawaddy industrial zone set for 2017 opening

An industrial zone under development in Kayin State is expected to open in fiscal year 2017, according to officials. The Myawaddy industrial zone is being built on a 201-acre site between Myawaddy and Thingan Nyi Naung, just 7 miles (11 kilometres) from the Thai-Myanmar border. “The state government hasn’t set a time limit on the […]

Applications to list on Yangon Stock Exchange to open next month

The Yangon Stock Exchange will begin accepting applications for listed companies by next month, according to Dr Maung Maung Thein, chair of the Securities Exchange Supervisory Commission. The long-awaited listing criteria was announced earlier this month through state media. “Companies acting in accordance with the criteria can apply for licences to sell their stocks on […]

Real estate agents warned off dirty money and foreign buyers

Real estate agents have been asked to watch out for attempts to launder money through the property sector and to avoid selling to foreigners or speculators. The Myanmar Real Estate Services Association (MRESA) recently met with international anti-money laundering organisations to discuss the ill-gotten funds that are reportedly laundered through the property sector, said U […]

Condo Law impasse could spur new draft

The Pyidaungsu Hluttaw will resume discussion of a controversial draft Condominium Law on August 10, according to Amyotha Hluttaw representative U Phone Myint Aung. The draft law was first introduced to the Pyithu Hluttaw in November 2012. It was expected to be passed in 2013 but remains in limbo two years later, as ministers within […]