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Good News for Border Trade: An Important Border Trade Bridge in Myanmar Has Been Reopened Border trade is about to begin

author:Master Lin tells the story

The Myanmar-Laos Friendship Bridge, which has been closed since the outbreak of the new crown epidemic, will be reopened on January 25, 2024. The Myanmar-Laos Friendship Bridge is a very important bridge to ensure the smooth border trade between Laos and Myanmar.

Good News for Border Trade: An Important Border Trade Bridge in Myanmar Has Been Reopened Border trade is about to begin

The Laos-Myanmar Friendship Bridge, which was officially put into use in 2015, was closed in late 2020 due to the outbreak of the new crown epidemic.

Good News for Border Trade: An Important Border Trade Bridge in Myanmar Has Been Reopened Border trade is about to begin

The bridge is responsible for promoting the growth of trade and smooth trade in the border areas between Laos and Myanmar, and Myanmar can use the Mekong River water transport through the bridge to trade with Laos and China by land transport through Laos.

Good News for Border Trade: An Important Border Trade Bridge in Myanmar Has Been Reopened Border trade is about to begin

At present, the relevant departments of Myanmar and Laos are ready for the entry and exit of people from the two countries through the Friendship Bridge.

Good News for Border Trade: An Important Border Trade Bridge in Myanmar Has Been Reopened Border trade is about to begin

The Myanmar-Laos Friendship Bridge is located in the town of King Lefen, Tachili County, eastern Shan State. The Ministry of Commerce of Myanmar informed that at present, Myanmar-Laos has not yet carried out trade through the border area, and once the bridge resumes, the border trade between the two countries will usher in a peak.

Myanmar's central bank dumped a large number of dollars and Thai baht in two days

The Central Bank of Myanmar released information that in two days on January 25 and 26, 2024, the central bank sold another US$14 million and 250 million baht to the foreign currency financial market.

Good News for Border Trade: An Important Border Trade Bridge in Myanmar Has Been Reopened Border trade is about to begin

On January 25, $9 million and 200 million baht were sold, and on January 26, $5 million and 50 million baht were sold.

Good News for Border Trade: An Important Border Trade Bridge in Myanmar Has Been Reopened Border trade is about to begin

The central bank said that the sell-off on the 25th and 26th is the fifth and sixth sell-off in January 2024, after nearly $45 million and 200 million baht had been sold on January 1, 5, 15, and 19, 2024.

It is said that frequent selling of foreign currency can alleviate the difficulty of importers in purchasing foreign currency to a certain extent.

On January 5, 2023, the central bank announced that it would no longer price the US dollar in the online foreign currency trading market, and would allow free trading at the market exchange rate.

On January 26, 2024, the external foreign currency exchange rate is around 3,530 kyats per US dollar and 100 kyats per baht.

A man in Yangon fell to his death

Yesterday, a man fell to his death from the 9th floor of an apartment in the Rai Township district of Yangon.

The non-profit organization that rushed to the scene informed that at around 3 a.m. on January 26, 2024, a man fell on the 9th floor of an apartment on Dema Duka Monastery Road, 7 Ahong Block, Laizhen District.

The man who fell from the 9th floor of the apartment, about 40 years old, died on the spot after falling.

The relevant responsible persons, after the investigation and records, the body of the deceased male was sent by a public welfare organization to the morgue of Yangon People's Hospital for autopsy. Laizhen District Police Station, follow-up investigation.

Asphalt barrels stacked on the side of the road near Salen University of Science and Technology caught fire

According to the Myanmar Fire Brigade, asphalt barrels stacked on the side of the road near Salem University of Science and Technology, Le Yeh San Village, Salem Township, Yangon Province, caught fire and burned.

Good News for Border Trade: An Important Border Trade Bridge in Myanmar Has Been Reopened Border trade is about to begin
Good News for Border Trade: An Important Border Trade Bridge in Myanmar Has Been Reopened Border trade is about to begin

At around 11:25 a.m. on January 24, 2024, asphalt barrels stacked on the side of the road near Salem University of Science and Technology caught fire and burned. After receiving the fire information, the Yangon Southern District Fire Department dispatched a fire truck, the Sa Liem Township Fire Department dispatched a fire truck, and the Kyaukdan Town Fire Department dispatched a fire truck to the scene to carry out firefighting work.

Good News for Border Trade: An Important Border Trade Bridge in Myanmar Has Been Reopened Border trade is about to begin

The fire was extinguished at around 11:39 a.m., the cause of the fire is unclear, and the fire department is investigating whether it was spontaneous combustion or man-made.

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