Economy and industry

International labor groups and multinational companies have urged the government and recalcitrant garment manufacturers in Myanmar to accept a daily minimum wage of 3,600 kyats (US$3.20), a proposal put forward by the National Minimum Wage Committee last month. The US-based Fair Labor Association, a coalition of labor ...

Burma’s export volume rose slightly in the first quarter of the 2015-16 fiscal year compared with the same period last year, but failed to keep pace with increasing imports in an indication that the weakening of the country’s currency in recent months has failed to ...

The Lao National Assembly (NA) passed a draft law on the prevention of cybercrime after it was raised for debate at the ongoing ordinary session of the parliament. The approved draft will be revised in accordance with recommendations made by the law makers during the debate. Widespread ...

A local developer is proposing to the Lao government to convert BM Plaza into a specific economic zone in order to facilitate business operations and attract more investment, trade and tourism through the single window service. Representatives from BM Group yesterday met with officials from the ...

Vietnam’s securities regulator is planning new measures to lure more foreign investors to the stock market.   The government wants to speed account-opening procedures for overseas investors, accelerate the share-listing process, cut the trading settlement period, and force listed companies to release information in both Vietnamese and ...

The arrest of several Chinese buyers for tax evasion and the weakening Chinese economy is hurting trade with Myanmar’s largest rice export market, said U Soe Tun, vice chair of the Myanmar Rice Federation. China is the destination for over half of Myanmar’s rice exports. This ...

Da Nang government, Vietnam, has threatened to shut down the factory of Coca-Cola if it is found to have violated environmental rules, according to media reports. Keep reading ...

Vietnam’s labor union is proposing a 17 percent increase in the minimum wage for employees, much higher than the bump rate suggested by businesses earlier. Vietnam General Confederation of Labor made the proposal to the National Wage Council, which comprises 15 members representing the national labor ...

The 12th Thailand Logistics Equipment, Technologies and Services Exhibition will be held from September 2 to 4 in BITEC International Convention and Exhibition Center, Bangkok, Thailand, Royal Thai Consulate General in Kunming has released. Yunnan owns four transnational highways and seven highways in the province. Yunnan ...

Vietnamese businesses should be well prepared emotionally and physically to tap opportunities from the ASEAN Trade in Goods Agreement, experts have said at a dialogue. Chairman of the Vietnam Association of Small and Medium Enterprises, Cao Sy Kiem, said the 10 ASEAN countries created a production ...