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 Myanmar Artisan Toolkit is designed to help producers in the craft and sector – the country’s fourth-largest industry, employing around 2.4 million people – build their businesses and access local and international markets.
A long-running dispute between the government and a mining company over a debt has shuttered dozens of gold mines in the Yamethin area of Mandalay Region, crippled small operators and left thousands out of work.
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.