CNI News
6 June 2023

Although the chairman of State Administration Council has told that the general eection would be held, political analytists commented that it would not be possible within 2023, which would adversely affact to Myanmar economy, said Myanmar businesspeople.  

If the election was not able to be held this year, several foreign investments would probably leave the country and there would have much difficulties in tourism and trade sectors, said U Thet Zaw, ecnomic analytist, to CNI news agency.  

" It's hard to say.If good prospects for businesses aren't seen, foreign investments will probably get out of the country. However hard we try, if we aren't recognized, then we'll find very difficult in the sectors of tourism and trade. Only when we have an elected government, international pressure will reduce and foreign investments may enter the country. There is in a situation that can be changed politically as well. So we need change, I think." he said.  

The economy of the State would be better only when the country could enjoy the peace and stability without mainly depending on the election only, and if there were no peace and stability after the election, the economy would not be better, said businesspeople.

According to the current political situation, just holding the election could not change the economy, said U Ye Tun,a political and economic analytist, to CNI.

some people are voting

I don't think a so-called election can change political and economic situations.The election needs to be all inclusive.To tell you straightly, NLD needs to take part in the election. If we can hold an all-inclusive election like that, political and economic situations probably will be better, he added.  

some people from lower class

Senior General Min Aung Hlaing, chairman of The State Administration Council, said in 2022 that the council was striving to be able to hold a general election in August, 2023 and would hand over the power to the party that would win the election. After that, he did not reveal when the election would be held.

But the law of re-registration of political parties was released on 31 January 2023 by the council and the population list for the vote was being collecting in order to be able to hold the election. Because there are no regional peace and stability in some townships in Sagaing Region, Magway Region, Tanintharyi Region, Shan State, Kayah State, Chin State, Kayin State and Mon State at present, the election is not expected, according to analytists.