Myanmar’s new military regime is striving to present a business-as-usual approach to the economy in the face of daily street protests, but even a normally pliant private sector is crying foul at some of its initial steps.
A new Central Bank deputy governor has lashed out at protesters and bank staff who have joined the Civil Disobedience Movement and forced private banks to close their branches, and claimed the military regime is “doing its best” and should be given more time.
Due for release in the coming days, the COVID-19 Comprehensive Response Plan will include new economic stimulus measures and increased funding for the health sector, as well as detail on how the plan can be funded.
As the coronavirus spread around the world from China in February, the Kayin State Border Guard Force smuggled into Myanmar thousands of Chinese workers who had been stranded in Thailand following their New Year holidays.
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.