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.
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.