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Minimum Wage Fails to Keep Up With Cost of Living, Myanmar Labor Group Says

YANGON – While the current minimum wage is just 4,800 kyats (US$3.15) per day, the average cost of living per day is between 7,000 and 9,000 kyats, according to a survey by the Confederation of Trade Unions in Myanmar (CTUM). The CTUM has been conducting the survey to support adjustments to the minimum wage. The […]

Myanmar on the cusp of another revolution – but this time it’s about wine

There’s a reason the world’s best wines are produced in France, California, and the handful of other sun-kissed regions we all know and love. It’s because they’re the only places with the kind of climate, soil and culture needed to grow great vines. Tucked away in the hills of Myanmar’s central uplands, one man is […]

Licensed tour guides team up against interlopers

Three tour guide groups from Mandalay, Bagan and Shan State will cooperate to conduct surprise checks of unlicensed tour guides. They will team up with the tourism police and the Ministry of Hotels and Tourism every Friday to inspect tourist attractions, said U Win Zaw Oo, chair of the Tour Guide Association of Mandalay. “We […]

Myanmar Metals identifies new base and precious metals target at Bawdwin project

A deep pole-dipole geophysical survey has confirmed large chargability anomalies and correlate with other known mineralisation at the project. Myanmar Metals Ltd (ASX:MYL) has discovered a new base and precious metals target, Yegon Deeps, using results from a survey conducted at the Bawdwin project in Myanmar. Results from the five pole-dipole (DPIP) survey traverses correlate […]

Business confidence in Myanmar sinks as scepticism mounts

More European businesses say they have lost confidence in Myanmar due to concerns about the National League for Democracy-led government’s management of the economy compared to the last two years, a new survey shows. According to the latest survey from the European Chamber of Commerce in Myanmar (EuroCham) published yesterday, a majority of firms (81 […]

Illegal trade more rampant than before, govt measures not effective

Government efforts to prevent illegal border trade have not been effective or sufficient and counterfeit goods are still being smuggled into the country. In fact, things are worse than before. “Illegal trade can’t be controlled. Illegal trade is worse than before even though measures were taken to reopen some of the border gates by the […]

Fast-Growing Coffee Sector Looks for Extra Shot of Support From Government

YANGON— Myanmar’s coffee market is growing robustly, with the country’s beans attracting increasing interest in international markets as well as locally, industry sources said. U Min Hlaing, secretary of the Myanmar Coffee Association, said demand for Myanmar coffee has surged in the past few years and it is now being exported to more than a […]

Yangon stock exchange seeks foreign investor interest

THE Yangon Stock Exchange (YSX) recently had a few champagne moments with the first “real” initial public offering by a Myanmar telecom company. And even while the bubbly was still fizzing another company was eyeing a listing. And, the moment foreign investors had been waiting for is almost here. For a start, foreigners residing in […]

Could Myanmar Get Its Foot in the Door When it Comes to Gambling Legalization?

The gambling industry is in a constant state of development and progress and this could be easily seen when the focus is on the developing markets. One such example of a country attempting to make a move and explore the vast opportunities provided by the gambling industry is Myanmar. Also known as the Republic of […]

Casinos may be allowed to operate after gambling law amendment

Casinos will be allowed to operate in Myanmar after amendments are made to the Gambling Law by the Ministry of Home Affairs (MHA), is enacted, said U Aung Naing Oo, director general of the Directorate of Investment and Company Administration (DICA) this week. This comes after five regional and state chief ministers from Mandalay, Tanintharyi, […]