CNI News
2 January 2024
Not only political and regional stabilities are needed, administrative policies also need to be changed to recover the country's economy that has been adversely affected, said businessmen and economic analysts.
Because of regional instabilities, trade and manufacturing cannot be performed. And then, the country's economy has been adversely affected.
In order to improve the country's economy, political stability should be done first by the State Administration Council and in doing so, the currently used administrative policies needed to be changed, U Thet Zaw, an economic commentator, told CNI News.
While seeing a greengrocer
" Only when there is political stability, can we improve the economy. Politics will be stable only when governance is stable. And then, the economy also will be stable. We cannot prioritize the economy alone. Manufacturing can only be done if the regions are stable. In the northern Shan State, both trade and production cannot be done. Because the SAC is performing in both military and governance, it's not very convenient. Frankly speaking,if it takes responsibility in the military, it doesn't have to take responsibility in governance. But regional governance and stability must be performed successfully. After forming a civilian government, assign it to improve the economy. In fact, formatting needs to be good to improve the economy. The current trend needs to be changed to really improve the economy." said U Thet Zaw.
The SAC would work to strengthen agro based SMEs more than the current situation, said Sr-Gen Min Aung Hlaing in his New Year greeting speech.
As the prices of foreign currencies have become higher than before, the profit from the export of agricultural products is more than before.
While seeing vegetables
So, the SAC should carry out to further improve agriculture, livestock and other manufacturing industries in the stable regions and states, U Thiha Paing, founder of the Via Logistics and Supply Chain, told CNI News.
" The government has to encourage productivity in the stable territories so that it will be convenient for businessmen and national income. The government also gets tax from exports. But there are still a lot of difficulties such as remittance problems, difficulty getting containers, no ships and difficulty getting license. And export licenses should be granted as many as possible so that products can be exported as much as possible. If so, it can make up for the income that was suspended because the border gates have been closed." he added.
Although profits for farmers and traders from exporting increased, it was necessary not to export excessively so that there would be food security within the country and excessive price increases would not occur, pointed out businessmen and economic commentators.
