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Myanmar minimum wage to be raised soon

The National Committee for Setting a Minimum Wage will soon announce a new minimum wage, according to an announcement by the Labour Ministry. The last time the minimum was increased was on 14 November 2018 when the minimum wage was set at 4,800 kyats a day. This will be the third time that the National […]

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A man shows currency notes imprinted with portrait of General Aung San, late father of Myanmar leader Aung San Suu Kyi, outside Myanmar Economic Bank in Yangon, Myanmar. PHOTO: AP
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Myanmar downplays blacklisting by money laundering watchdog

BANGKOK (AP) – Myanmar’s central bank has promised improvements and warned against currency manipulation after an international watchdog put the military-controlled country on a terrorism and financial crimes blacklist. The Financial Action Task Force (FATF) recommended that Myanmar be included among countries requiring stronger due diligence, citing deficiencies in its enforcement of precautions against money […]

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