Explore all of ul.com

Markets

Asia

The National Committee for the Minimum Wage set the country’s daily minimum wage at K4800 (US$3.60) or K600 per hour for an eight-hour day despite objections from both labour and employers. “We decided on K4800 as the new minimum wage, which has been agreed to by most committee members,” said U Thein Swe, minister of Labour, Immigration and Population.

The new wage, however, will not affect enterprises that employ 10 people or fewer, he said.

Employers warned that a K4800 basic wage will force small- and medium-sized industries, which comprised the bulk of businesses in the country, to close.

SOURCE

Share