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 jade industry at Hpakant in Kachin State is a multi-billion-dollar business in which risk flows downhill, from the company bosses to the mid-level traders and, at the bottom, the itinerant miners known as yemase who risk their lives each day in the hope of striking it rich.
A recent town hall meeting aimed to dispel concerns about the multi-billion-dollar Yangon New City project and fast, cheap internet access enabled those affected by the project to follow proceedings remotely.
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.