Workers Seek Minimum Wage Hike Amid Delay in Government Review

Workers in the country are seeking an increase in the minimum wage amid a rise in the prices of basic commodities and services as the government review of the current wage faces delays. Factory workers have protested and demanded the government increase the daily minimum wage to K5600 (US$4.11) from the current K3600. The government […]

More Economic Zones Needed to Boost Manufacturing: MIDA

Businesses and economists suggested that economic growth would depend on a growing manfacutring sector, liberalisation and revising the governing framework of different sectors. Deputy minister for the Ministry of Commerce, U Aung Htoo, said that the ministry would boost export and simplify procedures for trade and exports. The comments were made to follow up the […]

Dollar Exchange Rate Climbs, Shakes Up Burma’s Business Community

RANGOON — The US dollar exchange rate—at its highest since the new government came to power in April—has Burma’s business community looking for better trade policy. “In the black market, the exchange rate is currently 1306 kyats [US$1] per dollar; it’s too high for importers. If the import demand increases, it could impact the prices […]

Market slows but no bursting bubble

Subscribe to our Myanmar Property Mailing List and get notified immediately whenever we have a new report Real estate experts are backing away from their bullish stances of a year ago, expecting a quieter market for 2015. While prices for most Yangon real estate may hold steady or decline somewhat in the year ahead, industry […]