Burma raises minimum wage to $2.80 per day

News and updates on business and industry in Myanmar/Burma.
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Burma raises minimum wage to $2.80 per day

Post by Admin » Tue Sep 01, 2015 7:29 am

Burma’s minimum wage was raised to 3,600 kyat (US$2.80) for an eight-hour work day on Saturday, a move that may attract more investors and further legitimize the Southeast Asian nation’s long maligned garment industry.

Reuters reported that this new wage standardization in Burma (Myanmar) comes after nearly two years of “acrimonious” negotiations between workers’ unions, employees and the government.

The article adds that a minimum wage of 3,600 kyat or $2.80 per day would amount to $67 a month, making Burma highly competitive in a region where rival nations have set salaries far higher, such as the $90 to $128 minimum range in nearby Cambodia and Vietnam. This could mark a sharp reversal of fortune in Burma,, whose formerly robust garment industry stalled in recent years due to American economic sanctions.

Full Story: Asian Correspondent

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