Union Ministers U Maung Maung Ohn, U Aung Naing Oo give interviews to reporters from foreign news agencies

Union Ministers U Maung Maung Ohn and U Aung Naing Oo virtually replied to queries raised by reporters from AP, Reuters, the South China Morning Post and Straits Times, China Central Television (CCTV), People’s Daily and Xinhua news agencies at the respective halls of the Union Minister’s offices yesterday morning.
In his introductory speech, Union Minister U Maung Maung Ohn expressed special thanks for replying to the queries of the media at the interviews and for their interest in the issues of Myanmar.
The Union minister said that he would answer the questions together with Union Minister for Investment and Foreign Economic Relations U Aung Naing Oo.
He highlighted that today’s press statement would be used after 12:15 pm Myanmar standard time. Generally, the energy and economic sectors are interrelated, and some development can be seen in Myanmar. The prices of oil and natural gas triggered by the Russia-Ukraine conflict are remarkably increasing globally. With regard to the internal affairs of Myanmar, lesser development of infrastructures, depreciation of Myanmar kyat currency, financial problems and destruction of terrorists to some power lines cause harmful impacts on Myanmar people.
Currently, it is necessary to solve the energy requirement problems to ensure the nation’s peace and stability. At the same time, new economic sanctions were recently imposed against Myanmar. Many media mentioned the departure of some foreign oil and natural gas companies from Myanmar. The two Union ministers will reply to the queries on these problems at the interviews in rotation.
Union Minister U Aung Naing Oo expressed his delightedness for meeting the media. He said that he would discuss progress in the current economic sector and energy sector of Myanmar.
Significantly, he pledged to explain the statements related to the exchange rate of currency in Myanmar. The current government is facing challenges that are different from previous governments. It faces economic sanctions and instabilities in some regions and states. It affects the economy of the nation.
However, the country is in a situation to open the sectors as the COVID-19 pandemic is under control. The pandemic caused a delay in the State economy. At present, the development of the State economy is prolonged. The current government emphasizes the electricity supply to the country at full capacity. Efforts are being made to stabilize the State economy, emphasizing the rapid implementation of the energy sector with new projects.
No matter how severe the challenges are, the government decides to overcome these challenges so as to convene the election in 2023. It will continuously strive for stabilizing the economy and gaining development of the nation, he added. — MNA