Myanmar’s union government has increased the country’s daily minimum wage for an eight-hour work day from Kyat 3,600 (US$2.65) to Kyat 4,800 (US$3.54). The wage increase is the first since Myanmar introduced a minimum wage as part of the government’s labor market reforms in 2015.
Myanmar recently permitted export-financing services by seven of 13 foreign banks operating in the country. In this article, we provide insight into Myanmar’s banking reforms and investment opportunities in the sector.
Myanmar is among the fastest growing economies in Southeast Asia with significant market potential for the growth and expansion of foreign companies. Read more about Myanmar’s latest FDI trends and outlook for 2018 in our latest article.
On December 6, 2017, Myanmar’s President U Htin Kyaw approved the new Myanmar Companies Act, 2017, replacing the country’s century-old Companies Act of 1914. The new law seeks to modernize corporate governance in Myanmar in line with international best practices. Read more in our latest article.
India’s Prime Minister Narendra Modi paid an official visit to Myanmar between September 5 and 6. Relations between the two countries are multifaceted, with both sides sharing key concerns over maritime security and other transnational issues.
As Myanmar continues to liberalize its regulatory landscape, new opportunities are emerging for cross-border trade. In this article we explain best practices for importing into and exporting out of the country.
In this week’s ASEAN Regulatory Brief, we focus on the Philippines’ clean energy initiatives, discuss Myanmar’s crackdown on real estate speculation in its industrial zones, and highlight recent amendments to Brunei’s Companies Act.
The World Bank forecasts ASEAN growth to remain resilient despite risks from global and regional vulnerabilities. Read more for a country by country breakdown of the WB’s forecasts for developing ASEAN countries in our latest article.
In this week’s ASEAN Market Watch, we focus on Singapore’s newly established Innovation Fund, discuss S&P Global’s investment grade rating for the Philippines, and highlight increased tourist arrivals in Myanmar.
In this week’s ASEAN Regulatory Brief, we highlight growth prospects for Malaysia’s trade with the EU, discuss Myanmar’s liberalization of its insurance sector, and analyze Indonesia’s continued efforts to tackle tax evasion.