New US trade preferences highlight challenges for Myanmar exporters

Myanmar’s business sector has welcomed US plans to lift almost all remaining sanctions against the country and reinstitute special trade preferences, but some industries could find it hard to take advantage of the new environment. US President Barack Obama announced this week that he intends to lift the state of emergency the US declared against Myanmar in […]

Business community pins sanction hopes on State Counsellor’s visit to US

With State Counsellor Daw Aung San Suu Kyi set to meet US President Barack Obama in Washington today, many in Myanmar’s business community will be watching closely. The two are set to discuss US sanctions that have been in place for decades, and that investors are rearing to have removed. Businesses have long called for lifting sanctions they say cripple […]

S Korean factories slammed for labour violations: report

Labour rights investigators have accused South Korean factory owners in Myanmar of a raft of abuses, including forced overtime, poor safety conditions, the use of child labour and sexual harassment of female workers. The investigating organisation, Myanmar Action Labour Rights, said the South Korean-owned factories flagrantly violate labour laws, such as mandatory weekly caps on […]

Two years after the government passed a law to set a minimum wage, it still has not come into existence.

The issue has been a source of tension particularly in the garment industry, with a number of strikes so far this year revolving around issues of wages and overtime. Yet experts say it has been a difficult process to put a minimum wage into place, with the topic more complex than it first appears. “We […]

US Holloman Corporation inks JV deal with Young Investment Group

US-based construction firm Holloman Corporation and Myanmar’s Young Investment Group have both invested US$200 million to set up the Young Holloman Corporation in Myanmar, the firms announced. U Thiha Aung, chairman of the Young Investment Group, said that the joint-venture will establish a cement-batching plant before investing further in construction and oil and gas. “We’re […]

MCDC orders land owners to build homes

Mandalay City Development Committee has given the owners of undeveloped plots in the city until the end of this year to build a house on the land or face having it confiscated. MCDC said the radical order, announced in the state-run Mandalay newspaper on January 28, had been introduced because it says vacant plots “slow […]