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 […]
Read MoreThe chairperson of the junta-controlled Myanmar Central Bank, Than Than Swe, said she is putting pressure on operators of Hundi money transfers to stop making illegal transfers and get official licences for their businesses. The comments were made in meetings she had with Hundi operators in the town of Muse on the border of China […]
Read MoreAccording to a World Bank forecast Myanmar GDP shrank by 20 per cent in 2021 after the 2021 military coup and the economy will remain sluggish and stagnate in 2022. The International Labour Organization (ILO) also reported that in 2021 1.6 million jobs were lost in the economy, adding to the economic problems. On 21 […]
Read MoreBANGKOK (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 […]
Read MoreMYANMAR’S economy remains weak due to high inflation and worsening external pressures as conflicts between pro-democracy groups and the military government crimp domestic supply and demand, according to the World Bank. While the economy is likely to expand 3 per cent this year after contracting a steep 18 per cent last year, the World Bank […]
Read MoreForeign companies in the country are grappling with an increasing shortage of U.S. dollars, with the military government’s unpredictable foreign currency regulations putting their business operations at risk. Foreign companies in Myanmar need US dollars to pay offshore vendors for the supply of raw materials and commodities. However, since the military seized control in February […]
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Thailand
