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 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.