Workers demanding better conditions and benefits have destroyed the production line of a Chinese-owned factory making clothes for Swedish fashion retailer H&M, in one of the most violent labour disputes in Burma in years.
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Some US sanctions eased, but most remain in place
The US government has decided to maintain most economic restrictions on Burma in an effort to punish those Washington sees as hampering the country’s newly elected government.
Business Weekly
Catch up on all this week’s business news from Burma.
Burma sets US$2.80 minimum wage
Burma has set a minimum wage of 3,600 kyat for an eight-hour work day, a move likely to boost investment in the fast-growing country’s garment industry.
H&M favours ‘uniform’ minimum wage
Clothing giant H&M has voiced their support for a standard minimum wage across Burma, as negotiations on the proposed 3,600 kyat (US$3) per day figure continue.
Business weekly 17 July
This week in business; the wage war continues as workers rally and factories threaten closure, ‘New Rangoon’ property goes ahead and Henekin taps into Burma.