Myanmar had to borrow foreign loans continuously. Now, the country needs to pay back the loans. In its tenure, the government pays back loans as much as possible, says Chairman of State Administration Council (SAC) Senior General Min Aung Hlaing who delivered an address at the meeting with MSME businesspeople held at Taunggyi’s City Hall in Shan State on March 7th.
The Senior General stressed the need to avoid doing easy tasks such as extraction of underground and aboveground natural resources but focus on the long-term beneficial tasks. He urged all to encourage the operation of the highland farmlands system instead of the slash and burn system so as to conserve the forests of the region.
He also said that the government encourages agricultural and livestock-based manufacturing industries. Manufacturing based on agriculture and livestock farms is a firm and assured business. Using raw materials from agriculture and livestock farms will benefit the relevant regions. Currently, the country can reduce a certain amount of trade deficit. So, efforts must be made for earning foreign exchange from the manufacturing industries.
On the occasion was SAC’s joint secretary Lt-Gen Ye Win Oo, the SAC members, the Union Ministers, the Shan State Chief Minister, the senior military officers, the commander of eastern command Maj-Gen Hla Moe, the deputy ministers, departmental heads, the townselders and MSME businesspersons.
