Thai border trade continues to suffer

Although the border crossing at Mae Sot (Thailand) has re-opened, COVID-19 containment measures continue to hinder the flow of goods. Among these is a mandate that goods be unloaded and re-loaded into Thai trucks before moving on. This has proved to

ADB loans nearly USD 500 million for highway

Last week, the Asian Development Bank (ADB) approved a loan of USD 483.8 million for a new highway linking Bago with Kyaiktiyo, Mon State. The 64-kilometer highway will be a key component of the Greater Mekong Subregion (GMS) East-West Economic Corri

Thailand closes crossing impacting trade

Myanmar passed 40,000 confirmed COVID-19 cases this week. Key industries continue to suffer, and the government continues to scramble to soften the blow. This week, the border crossing at Mae Sot, Thailand, the busiest land portal between the Kingdom
Thai SCB granted license to setup local bank in Myanmar

Thai SCB granted license to setup local bank in Myanmar

The Bangkok Post reported that Siam Commercial Bank (SCB), Thailand’s fourth-largest commercial lender by assets, has set up a bank in Myanmar. It received a subsidiary business licence from the Central Bank of Myanmar, aiming to expand via off
Thailand and Myanmar resume cross-border goods transport

Thailand and Myanmar resume cross-border goods transport

After almost 2 weeks with trade halted between Thailand and Myanmar, both countries have managed to reach an agreement and resume trade on September 30th. Myanmar has accepted Thailand’s proposal to resume goods transportation under the condition t

Thailand optimistic about trade despite stay-at-home measures

Thailand’s chamber of commerce believes trade with Myanmar will not be greatly affected by the recent stay-at-home measures in Yangon. The blanket stay-at-home order, which will continue for at least 14 days, covers the entire city and heavily