Myanmar has increased the daily minimum wage rate after a five-year hiatus to 5,800 kyat (US$2.76) for an 8-hour day, from 4,800 kyat (US$2.28).
Aug. 14 – This week Myanmar approved the Incheon International Airport Corporation’s bid for the construction of a US$1.1 billion airfield to be located within the country’s commercial center of Yangon. The airport, to be called the Hanthawaddy International Airport, will begin construction next year under the management of Incheon, a Korean company with experience […]
Following its rapid economic growth in the aftermath of democratic and economic reforms, Myanmar began to further facilitate the establishment of special economic zones (SEZs) to foster greater foreign investment.
On Monday this week, the foreign ministers of the European Union (EU) permanently ended the majority of its sanctions against Myanmar, with support for removing them permanently growing in step with recent democratic, economic and human rights reforms in the country.