YANGON: Myanmar’s economy is headed for its worst performance since the pandemic as the strife-torn country reels from the impact of a devastating earthquake in March that’s estimated to have caused US$11 billion in damage, according to the World Bank.
The 7.7 magnitude earthquake on March 28 affected more than 17 million people and wrecked widespread damages to residential buildings, public infrastructure and heritage sites in areas accounting for about one-third of Myanmar’s gross domestic product.
The dent to economic output due to the earthquake will be equivalent to about 4% of Myanmar’s GDP in the fiscal year ending March 2026, the development bank estimated.
The economy will contract 2.5% in 2025-26 before rebounding to a growth of 3% the following year due to rebuilding efforts and the low base, it said.
Prior to the earthquake, which left 3,800 people dead and 207,000 people displaced in townships including Mandalay and Naypyidaw, the World Bank had forecast a 2% expansion this year. The worst-affected regions are expected to lose about a third of their production between April and September, it said.
"The economic aftershocks of the earthquake have struck on the back of ongoing challenges from conflict,” the World Bank said.
The South-East Asian nation has been struggling with a civil war, stinging inflation and a shortage of dollars since the military seized power in 2021 February.
A raging conflict between rebel groups fighting for independence and the regime has displaced about 3.5 million people, the lender said, citing United Nations estimates.
Inflation, which quickened to 34.1% in the year to April, may remain high at around 31% in the current fiscal year due to supply-chain disruptions associated with the quake and conflict-related logistics challenges.
The poverty rate may climb 2.8 percentage points from an already high ratio of 31% last year, according to the World Bank.
Myanmar’s budget deficit is seen widening to 6.9% by the end of March next year, up from 5.1% a year earlier with much of the deficit funding coming from the central bank, the report said.
"The earthquake caused significant loss of life and displacement, while exacerbating already difficult economic conditions, further testing the resilience of Myanmar’s people” Melinda Good, World Bank Division Director for Thailand and Myanmar said in a statement.
"Recovery efforts are essential to help the most vulnerable populations.” - Bloomberg
KUALA LUMPUR: Satu gempa bumi sederhana berukuran 5.1 pada skala ritcher melanda Selatan Sumba, Indonesia pada 10.28 pagi tadi.
Jabatan Meteorologi Malaysia (MetMalaysia) dalam kenyataan memaklumkan gempa dengan kedalaman 11 kilometer (km) itu berlaku 315 km selatan dari Bima, Indonesia.
BANGI: Kerja baik pulih Jalan Genting Peras-Kuala Klawang memerlukan penilaian mendalam terhadap cerun yang terjejas bagi menjamin keselamatan jangka panjang, kata Menteri Besar Selangor Datuk Seri Amirudin Shari.
Beliau berkata kerja pembaikan tidak boleh dilakukan secara tergesa-gesa kerana dikhuatiri meningkatkan risiko kejadian tanah runtuh berulang.
“Ada beberapa aspek yang perlu dipertingkat dan dinilai semula untuk cerun-cerun yang terkesan.
“Kalau kita nak mempercepat kerja pembaikan dengan hanya meratakan jalan itu, mungkin mudah, tetapi isunya adalah bagaimana memperkukuh cerun di kawasan atas,” katanya.
Amirudin berkata Exco Infrastruktur dan Pertanian Selangor Datuk Izham Hashim akan memberikan penjelasan lanjut berhubung kelewatan kerja pembaikan jalan terbabit, namun menegaskan projek berkenaan sedang berjalan.
Rabu lepas, Menteri Besar Negeri Sembilan Datuk Seri Aminuddin Harun berharap kerajaan Selangor dapat menyegerakan pembaikan Jalan Genting Peras-Kuala Klawang yang rosak akibat banjir empat tahun lepas.
Aminuddin berkata jalan yang menghubungkan Jelebu dan Hulu Langat itu dapat mengurangkan kesesakan jalan raya terutama pada musim perayaan dan cuti sekolah, selain menjadi laluan alternatif kepada pengguna jalan raya untuk ke Kuala Lumpur sekiranya ia dibuka semula.
Jalan Kuala Klawang-Genting Peras ditutup kepada pengguna jalan raya sejak Disember 2021 kerana rosak akibat banjir dan cerun runtuh.
SELANGOR will only reopen the road at the Batang Kali landslide site once slope reinforcement works are completed to prevent future collapses, said Mentri Besar Datuk Seri Amirudin Shari.
The area was hit by a deadly landslide in December 2022, which claimed 31 lives at a campsite and caused widespread disruption to road access and infrastructure in Hulu Selangor.
While parts of the area have since been cleared, authorities identified that the slope above the site remains unstable.
“The concern is not just flattening the road. The slope above needs to be stabilised to avoid another potential landslide,” he said at a press conference today.
Amirudin explained that rushing the works without proper evaluation could lead to greater risks, adding that the state is awaiting detailed assessments from the Public Works Department (JKR). Updates will be issued through the Exco for Infrastructure.
He further emphasised that the government does not want to carry out premature work that could worsen the situation.
“This is a precaution to avoid a repeat of what happened in Batang Kali,” he said.
PUTRAJAYA- Kementerian Pertanian dan Keterjaminan Makanan (KPKM) sedang merangka pelan jangka panjang bagi memastikan bekalan makanan negara tidak terjejas meskipun berdepan ancaman iklim ekstrem.
Menterinya, Datuk Seri Mohamad Sabu berkata, ia termasuk melihat cadangan bagi memperluaskan pengeluaran hasil pertanian ke kawasan yang lebih stabil iklimnya seperti Sabah dan Sarawak.
Beliau berkata, kebergantungan kepada satu lokasi tanaman sahaja tidak lagi relevan, justeru kementerian kini menyesuaikan jadual penanaman mengikut ramalan cuaca serta memantau serangan penyakit secara berterusan.
“Usaha ini penting bagi memastikan bekalan makanan negara tidak terjejas meskipun berdepan ancaman iklim ekstrem.
“Sebab itu bagi pelan jangka jangka, bagi bekalan beras misalnya kita kena bergantung kepada tanaman di Sabah dan Sarawak pada masa akan datang sebab kita tahu ancaman iklim dan sebagainya.
“Keadaan iklim di Sabah dan Sarawak sedikit berlainan jika dibandingkan dengan Semenanjung dan begitu juga di pantai timur dan pantai barat,” katanya ketika ditemui selepas Majlis Prapelancaran Sambutan Hari Peladang, Penternak dan Nelayan Kebangsaan (HPPNK) 2025, di sini hari ini.
Beliau berkata demikian bagi mengulas persediaan kementerian mengenai keterjaminan bekalan makanan menjelang peralihan Monsun Barat Daya bermula 10 Mei lalu hingga September depan.
Katanya, jadual penanaman padi turut diselaraskan mengikut ramalan cuaca semasa bagi memastikan hasil pertanian kekal stabil. – KOSMO! ONLINE
