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MYANMAR: Daily Minimum Wage Set to Increase to US$3.5

The daily minimum wage in Myanmar is set to increase from Kyat 3,600 (US$2.6) to Kyat 4,800 (US$3.5) following a formal endorsement by the union government. The announcement was made after a recent meeting of the National Committee on Fixing the Minimum Wage.

Unless widely opposed, the wage increase will be confirmed within the next 60 days, and will apply to all businesses with 10 or more employees. While employee representatives have stated that the proposed change falls short of their expectations, those representing employers have expressed concerns that it could lead to higher operating costs, while Myanmar has among the lowest wage in the region.

Content provided by Picture: HKTDC Research
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