Second Thai-Myanmar friendship bridge to open Oct 30

The second Thai-Myanmar Friendship Bridge across the Moei River in Tak’s Mae Sot district will be officially opened on Oct 30, according to a press release from the Highways Department. The opening ceremony will be co-chaired by Transport Minister Saksayam Chidchob and Myanmar’s Minister of Construction Han Zaw. The Thai ambassador to Yangon and the […]

Cross-border trade slows due to renminbi fluctuations

Fluctuations in the value of the renminbi are having an adverse effect on China-Myanmar cross-border trade traders in Muse have told The Myanmar Times. China’s renminbi is the currency of choice for trade in the border region and a 10 percent drop in value is enough to cause businesses to lose money on deals, say […]