The years-long conflict between the Tatmadaw and the Arakan Army (AA) is taking its toll on the economy of Arakan State and the region’s development, according to a local business group.   

A key problem, according to a farmer from Oat Phoe Kan village in Mrauk-U Township, is that farmers find themselves unable to repay agricultural bank loans if there are not enough buyers for their crop.

People were permitted to cross Maungdaw border gate, which connects Myanmar and Bangladesh, with one day or seven day visas before. However, border crossing has been banned between two countries after ARSA’s attacks occurred in 2017.

Manaung Public Company has drawn up 10 master plans for the development of Manaung Township, and hotels and tourism businesses is one of the plans. 

The soon-to-be coconut product manufacturer will become the first industry, which manufactures finished coconut products in Arakan State, and it will be run by a staff of 250 people.

U Marmat Naw Sane, who runs a clothing shop at Maungdaw market, said that sales began to decline after the terrorist attack in Maungdaw Township in 2017, and it has never returned to normal.