Published by
The Bangkok Post
The Bangkok Post
Order expected to be temporary measure Thai steel manufacturers have fresh concerns over the impact of the suspension of foreign loan payments in Myanmar on steel exports to Myanmar. Myanmar’s central bank instructed companies and individual borrowers to suspend paying principal and interest to foreign lenders in a move to slow the country’s decreasing foreign exchange reserves. Authorities ordered companies with up to 35% foreign ownership to convert foreign exchange into the kyat — Myanmar’s national currency — state media reported earlier last week, extending a rule aimed at relieving press…
