The Traderszone Network

Published in TZ Latest News 29 August, 2015 by The TZ Newswire Staff

Myanmar sets $2.80 daily minimum wage in bid to boost investment

Myanmar has set a minimum wage of 3,600 kyat ($2.80) for an eight-hour work day, a move likely to boost investment in the fast-growing country’s garment industry. The decision on a minimum wage, which follows two years of often acrimonious debate between garment factory owners and labor unions, was announced on Saturday. Myanmar’s government has targeted garments for rapid growth, and Saturday’s statement may help spur this, as it gives clarity on the law and labor costs to global apparel brands buying clothes from Myanmar.