Myanmar offers investors and abundant workforce at reasonable cost.
2012 Labor cost in Yangon, Myanmar. Salary levels (in USD)
Some sample numbers from late 2012.
Blue Collar Unskilled Workers - 100 $
Semi Skilled Workers -150 $
Supervisors / Team Leaders -200-300 $
University Graduates with knowledge of computers and English)- 300-500 $ - depending on work experience
After years of mismanagement and short-term planning that have resulted in a clogged, dirty downtown area and insufficient transport infrastructure leading out from the city, town planners have begun working on a 30-year master plan for Yangon.
Both public and private sectors are involved in the planning process, which aims to rehabilitate a city that has suffered under decades of mismanagement and poor planning.
The town plan has a nominal completion date of 2040 and aims to create a blueprint to make Yangon one of Southeast Asia’s most vibrant cities once... [ More ]
Notes about the Myanmar (Burma) construction sector.
• One of the catalysts for Burma’s growth is the construction sector, which grew at an average rate of 11.5% annually from 2007 to 2011
• There was a strong performance in the infrastructure and residential over 2007-2011. These sectors account for 78 % of total construction value.
• Construction industry was estimated at value close to $ 3 Billion US. There are expectations for the sector to reach $ 4.2 Billion US in 2016.
• During 2007-2011 the industry grew a CAGR of 11.5% in kyat terms and 25.4% in... [ More ]
Did You Know?
The name Myanmar is derived from the local name Myanma Naingngandaw, which is a name used by the governent which is currently in power there. While the real meaning of the name is not clear, it is interesting to note... ... More