The Irrawaddy | Archive | Business | 3
Garment Industry Rejects Minimum Wage Proposal

Garment manufacturers say they can’t afford to pay laborers 3,600 kyats (US$3.24) per day minimum wage recommended by an expert committee.

Aid Transparency Improving but Not Enough: Report

International aid donors are falling short on commitments to provide open data on their spending and operations in developing countries, according to a new report.

After Wifi at the Taj, Modi Revives Campaign for ‘Digital’ India

Indian Prime Minister Narendra Modi urges companies to make electronic and digital goods, reviving a campaign promise to bridge India’s digital divide.

Frustrated Indonesian Leader Launches Charm Offensive With Investors

Exasperated by the performance of his economic team, Indonesia’s president has personally taken on the job of promoting Southeast Asia’s largest economy to skeptical investors.

Myat Thin Aung: ‘The Impact Could Come Very Quickly’

The president of the Hlaing Tharyar Industrial Zone, Myat Thin Aung, warns that Burma’s minimum wage increase will threaten the viability of some factories.

3,600 Kyat Daily Minimum Wage Proposed for All Sectors

Burma’s National Minimum Wage Committee proposes that the country’s minimum wage be set at 3,600 kyats (US$3.25) for an eight-hour day.

China to Hold Some Veto Powers in New Asian Bank

China will hold over a quarter of the votes in the new Asian Infrastructure Investment Bank (AIIB), giving it a veto in some key decisions.

The Irrawaddy Business Roundup (June 27, 2015)

Telenor to seek advice as it expands into conflict zones, Pizza Hut to open in November, and global garment retailers back Burma labor reform.

Burma’s Skills Sector in the Spotlight

Business sources welcome a call for British companies to invest in Burma’s skills sector, citing a dearth of qualified workers to fill growing job opportunities.

Banking on Plastic

The Irrawaddy speaks with Ko Zaw Lin Htut, CEO of the Myanmar Payment Union, on his vision for a “cashless society.”

Taxi Hire Goes Mobile in Burma’s Car-Clogged Commercial Capital

A mobile phone application linking passengers with taxi drivers launches in Rangoon’s Hlaing Tharyar Township, billed as the latest initiative to help reduce traffic congestion.

Jade Profits Expected to Drop as Emporium Kicks Off in Capital

Burma’s 52nd Gems and Jade Emporium is expected to reel in lower sums as a result of a new spending policy and high supply.

Travel Association Calls for ‘ASEAN Plus Three’ Visa Exemption Deal

The Federation of ASEAN Travel Associations calls for visa-free travel for tourists among the 10-nation bloc, as well as from China, Japan and South Korea.

Ye Myint and fellow coffee growers hope to take the sector to a new level in central Myanmar.

The Irrawaddy Business Roundup (June 20, 2015)

Danish company plans wind farm in Mon State, new draft companies law published, and Daewoo denies plans for Burma asset sell-off.

Innovation Competition to Promote Tourism Shakeup

An innovation competition hopes to assist hoteliers and other local operators will develop new ways of catering for Burma’s burgeoning tourist industry.

Central Bank Eases Forex Access for Importers of Some Commodities

Burma’s Central Bank will allow the unrestricted sale of foreign currencies edible oil, fuel and cement importers to avert a rise in the commodities’ prices.

Lawmakers to Seek Answers on Stalled Kyaukphyu SEZ

Arakanese parliamentarians will propose that the regional legislature discuss the awarding of tenders for the Kyaukphyu special economic zone, which has been beset by delays.

Burma’s State-Owned Airline to Service Singapore

Burma’s state-owned flag carrier, Myanmar National Airways, announces that it will offer direct flights from Rangoon to Singapore beginning in August.

Burma’s Rice Exporters Eye European Market

Burma’s rice exporters will attend an exhibition in Milan for the first time, hoping to promote Burmese rice in Italy and other European markets.