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.
Snap rule changes and snails-pace processing mean truck drivers have at times been forced to wait for days at checkpoints on Myanmar’s major trucking routes during the country’s “second wave” of COVID-19.
The government is planning to purchase paddy at a floor price set to ensure farmers get a decent return and some rice traders are also pushing for another round of rice-buying to maintain the country’s reserve stocks.
Since health authorities introduced stay-at-home orders for Yangon in September, informal workers and small business owners have faced a grim struggle to make ends meet amid a lack of government assistance.
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.