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Centre set to help improve productivity in Myanmar

Myanmar’s plans to raise economic productivity through improving human capital development will now be backed by the Myanmar Productivity Centre (MPC), an agency that aims to help the economy move up the value chain. The MPC was launched on June 22 with the support of the Ministry of Industry (MOI), Union of Myanmar Federation of […]

Guangdong to support Myanmar in infrastructure, productivity

Guangdong province will cooperate with Myanmar to support the development of four sectors under the Belt and Road Initiative, Mr. Ouyang Weimin, Deputy State Administrator from Guangdong province government in China, said at the China-Myanmar Trade and Investment Forum held in Yangon on March 12. Guangdong is a coastal province of southeast China which borders […]

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 […]

Dilemma on minimum wages could lead to better productivity

Concern is rising among employers over demands that the minimum wage be raised to K4,800- K6,600 ($4-$5.20) per day from K3,600 per day currently. That’s a potential increase in wages of more than 80 percent, a move which, if implemented, could put many companies out of business. The Confederation of Trade Unions in Myanmar (CTUM), […]

Myanmar’s capacity, productivity still at the bottom of ASEAN, economists say

Despite its potential growth, Myanmar is still at the bottom of the Association of Southeast Asian Nations (ASEAN) in terms of capacity and productivity, economists say. “The government is responsible for microeconomic reforms, and it must develop more. The citizens also need to change a lot, to adapt to the new environment. Nowadays, we have […]