Over 5,000 factory workers marched in protest near a Yangon industrial zone Sunday to demand higher wages as the government prepares to set the new minimum wage.
This week, Myanmar celebrated the opening of a Thai fish factory and border trade with Laos, while the World Bank is forecasting a growth boost.
The Irrawaddy talks to Hnin Hnin Hmwe of the Democratic Party for a New Society and advocate Kyee Myint about police reform and a recent blunder in the Victoria rape case.
As the National League for Democracy government pushes economic reform, The Irrawaddy looks at events that defined Myanmar’s economy in 2019 and its prospects for growth.
China’s State Councilor Wang Yi says infrastructure connectivity is the backbone of the giant Chinese initiative and the two sides should cooperate on the ground.
The Confederation of Trade Unions in Myanmar is proposing to raise the minimum wage from US$3.19 to US$4.78, as a recent survey shows that the cost of living has risen.
The Myanmar government has announced plans to form a single ministry to handle economic programs as well as plans to support private sector growth.
Rice farmers in Myanmar’s Ayeyarwady Region say the government has yet to purchase any of their paddy though the market price has fallen below the government’s minimum.
The Extractive Industries Transparency Initiative says Myanmar has improved accountability for the oil, gas and mining sectors but called for reform to military and state-owned com
The Yangon Stock Exchange says foreign expats will be allowed to trade as it opens up to international markets in order to give stagnating trade a boost.
A new World Bank forecast for East Asia and the Pacific suggests Myanmar will likely see economic growth in the near future despite internal and external risks.
Myanmar’s government has pledged to buy farmers’ paddy rice if the market drops below a certain price; some areas are already reporting prices below the government floor.
South Korean lenders KB Kookmin Bank and Industrial Bank of Korea both say they expect to be approved to offer full banking services in Myanmar soon.
Under the NLD government, inflation has rebounded after an initial fall, while prices have risen steadily. The Irrawaddy’s infographics illustrate key data since 2016.
The two countries have signed a deal to support bilateral trade and investment, setting Singapore up to secure its status as Myanmar’s biggest investor.