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Myanmar Timber Enterprise targets higher sales, commercial restructuring

State-owned Myanmar Timber Enterprise (MTE) is targeting sales of 5,000 tonnes of teak and 100,000 tonnes of hard wood during the six-month period between April and October this year. The sales are expected to generate K63 billion in revenues, MTE deputy general manager U Khin Maung Kyi told The Myanmar Times. Sales will be conducted […]

Myanmar workers may gain from Thai basic wage hike

The Thai tripartite committee, which includes employers, workers and government representatives in Thailand decided on January 17 to add from 5 to 22 baht to the minimum wage, according to the Migrant Workers Rights Network (MWRN) Thursday. “Thailand has no due date for raising salaries. It used to raise wages to reflect the current commodity […]

Skyrocketing commodity prices will affect millions

Basic commodity prices rose at the end of November due to the appreciation of US dollar throughout the month and the news that salaries of parliamentarians and civil servants will be increased. Critics say that the government must address these two causes in order to reverse the hike in the commodity prices. The greenback hit […]