The Thai government is stepping up efforts to boost the Rangoon-Mae Sot trade link by approving a 1.8 billion baht ($53 million) budget to help Burma develop part of its…
The move would be a boost to the growing trade and tourism business in the area, says the head of Thailand’s Immigration Bureau.
Half of all Burma’s trade flows through the Asia World terminal, owned by blacklisted Steven Law.
The World Bank’s prediction that the Burmese economy would grow at some 8.2 percent this year has been slashed in the latest ‘Myanmar Economic Report’.
Cross-border trade between Thailand and Burma through the Mae Sot-Myawaddy checkpoint totalled more than 60 billion in the last fiscal year.
Catch up on all this week’s business news from Burma.