The military regime is set to drop meaningful structural reforms from an economic recovery plan initiated by the former National League for Democracy government, and is instead promising to slash red tape in a bid to shore up collapsing business confidence.
Some factory owners have been accused of exploiting and failing to protect their employees during the latest COVID-19 outbreak, and with unions lying low since the coup, workers are unable to seek redress.
The World Bank has warned in a new report that Myanmar faces severe economic losses and a doubling of poverty as a result of the combined impact of the coup and COVID-19, with the military regime unable to govern effectively.
The Aung Bar Lay lottery generates tens of millions of dollars a year for the state but there are concerns about the overcharging of customers, a few large distributors monopolising tickets and the potential for money laundering.
After announcing high-profile gas-fired power projects earlier this year, the Ministry of Electricity and Energy is now focusing on a string of hydropower dams – most with Western developers – to meet Myanmar’s growing energy needs.
The Kayin State Border Guard Force has come under intense pressure from the Tatmadaw over its extensive, controversial business interests and there’s concern the ultimatum could trigger fresh hostilities in one of the country’s most war-torn areas.