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Economy

Myanmar to raise minimum wage by 33%

Compromise draws dissent from both labor and management

Labor-intensive industries in Myanmar such as seafood processing face increased costs from a higher minimum wage.   © Reuters

YANGON -- Myanmar will raise its minimum wage by one-third to 4,800 kyat ($3.63) per day, a move that will affect the country's labor-intensive exporting industries like garment manufacturing and food processing.

A panel of representatives from the government, labor and management proposed the wage hike in early January. During the 60-day public debate period, the committee received a total of 4,092 objections from management and labor alike but decided to submit the plan for cabinet approval at a meeting Monday.

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