CNI News
16 December 2024
According to the current political situations of Myanmar, businesses could improve in 2025, said businessmen.
Efforts are being made to hold a general election in 2025 and some EAOs in northern Shan State where battles are breaking out are paving the way for ceasefire and peace talks, there could be territorial stabilities there, they pointed out.
Because there is a potential for a decrease in armed conflicts in Myanmar, business activities will improve, U Aung Pyae Sone, an economic commentator, told CNI News.
While seeing exports (Naung Naung)
" The country has lagged far behind amid ideological differences for over 3 years. The government found it difficult while the people had a nightmare as well. The nightmare will come to an end in 2024 and the country will be better in 2025. Mainly, it's necessary to have peace and stability to improve the economy with new ideas and good cooperation. Several EAOs have expressed that they will discuss. After meeting and discussing with a really positive attitude without secession, if we can carry it out, 2025 will be a constructive year. Moreover, because plans are being made to hold a general election. After the election, if the Tatmadaw can arrange to make a government that the people have really wanted, the country will be better, I consider." he said
However, Myanmar's economy would not be encouraging because of internal conflict, natural disaster and scarcity of basic commodities, released the World Bank on 11th December.
According to the Myanmar Economic Monitoring Report, the economic forecast for March, 2025 is minus 1 percent.
While seeing somewhere inside Bogyoke Market
Strategic thinking was needed to improve Myanmar's economy, U Htay Aung Kyi, a banking expert, told CNI News.
" Businessmen speak according to their political views. If the perspective is different, the answer is different. I want there to be strategic thinking. It's right that the election will be held. But the country can't go like this. I accept the election as a political exit. But a strategic thinking is needed." he said.
Myanmar's economy did not improve in 2024 and almost all the border trades were suspended; because the trade by sea only was relied on, import and export industries did not improve as expected.
As there are considerations that the political situation may re-improve due to the election, foreign investments have increased in some sectors mainly fuel oil, EVs and garment, according to businessmen.
