Senior General Min Aung Hlaing has attracted ridicule for airing grand development plans at a time when the economy is in crisis, but even the regime’s more rational economic goals are unlikely to be achievable.
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.
Three projects totaling 900 megawatts that were due to go live on April 3 remain weeks, possibly months, away from completion. But thanks to COVID-19 and the apparent absence of a signed contract, the developers may avoid the heavy fines.
Labour unions want garment factories to suspend operations this month to help prevent the spread of coronavirus at workplaces, but most employers are resisting the idea because of uncertainty over how long the shutdown might last.
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.