CNI News

25 October 2024

The national economy has looked up because production industries based on agriculture and livestock were encouraged, said chairman of the State Administration Council at the meeting of the Union Government held on 21st October. 

The national economy has decreased and agricultural businesses cannot be done in some regions due to abnormal climate and political instabilities while any products could not increasingly produced, pointed out economic commentators.

Although it was not clear that the SAC chairman told that based on what facts, the facts that he received were incorrect, economic commentators told CNI News.

While seeing Sr-Gen Min Aung Hlaing

" May be he said the kind of form he wants. Some previous leaders also said so. Doesn't he want the truth? His sub-ordinates might present a piece of news like this because they want to butter him up. In fact he has several experts. But they don't seem to dare to submit the truth to him. Many mistakes were included in his speeches. He wrongly told about the GDP growth rate. He's not skilled in them. He shouldn't tell some things." he said.

Myanmar is mainly exporting rice only rather than other products and most border gates have been suspended because border areas are not stable. So, the fact that the economy was looking up was unlikely, they pointed out.

It was necessary to study the technologies of other countries that were carrying out agriculture and livestock successfully, said Sr-Gen Min Aung Hlaing at the meeting of the Union Government.

While Sr-Gen Min Aung Hlaing was observing products

It was impossible for farmers to study the technologies without the help of the government, Ko Zaw Min Naing, an agricultural and economic advisor, told CNI News. 

" Before the current conflicts which started in 2021 took place, there were lots of cooperation with other countries in the agricultural sector. Myanmar students were sent abroad to attend the agricultural courses. Especially, they were sent to five countries related to Mekhong River. When the current conflicts started, international left Myanmar trainees behind. It's necessary to make the political situation stable so that Myanmar trainees can be sent abroad." he said.

The World Bank has released that Myanmar growth rate would be only one percent until March 2025. However, chairman of the SAC said in July that the SAC was carrying out to become until 3.8 percent of Myanmar GDP growth rate in 2024-2025.