Day: February 14, 2020

Myanmar-Thai border trade set to continue growing in 2020

Myanmar-Thai border trade set to continue growing in 2020

Border trade between Thailand and Myanmar is set to increase this year thanks to the second Thai-Myanmar Friendship Bridge and the implementation of Cross Border Transport Facilitation Agreement (CBTA). The second Thai- Myanmar Friendship bridge connecting Myawady in Myanmar and Mae Sot in Thailand opened in October of 2019. Meanwhile, the CBTA, which also came […]

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Businesses lament bank rules on transfers

Businesses lament bank rules on transfers

The practice by local banks of only allowing foreign exchange transfers after showing bills of lading is an obstacle for businesses in making trade transactions. After the amendment of regulations governing the management of foreign exchange transactions in the country, the Central Bank of Myanmar began allowing foreign exchange (forex) transfers by local banks. However, […]

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