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Published on Tuesday, 07 July 2015

Myanmar wage could “cripple” garment sector

Written by John Mowbray

deposit photos Bagan Pagodas - © itacud

YANGON – Garment factories in Myanmar will struggle to afford the proposed new minimum wage of 3,600 kyatts (US$3.2) per day which is "several times" what the market currently sets as a minimum and could cripple the local industry - according to the Myanmar Garment Manufacturers Association recently met more than 200 domestic and international investors and factory owners to discuss the proposed new wage which was agreed by a national tripartite committee of government, employers and unions.