[Tee tiong huat]

More money coming in from... To Sg.

Maybe that's why don't need more CPF funds liao... Jk lol

Conscription Law Adds to Concerns Over Forced Migration.

Since junta seized power, waves of people from Myanmar have crossed over to Thailand.

The intense armed conflict in their homeland. Most of these people have adequately settled on Thai soil through various ways and means as conflict continues to deteriorate in most of the country, 

While updates on security concerns and armed conflict situation are ubiquitous, the economic of Myanmar is also worthy of discussion.

Bottom line is, it is bad; so bad that junta has been forced to develop some economic countermeasures. One such recent development is that the Central Bank of Myanmar (CBM) has deployed a series of incremental relaxations in the policy on foreign exchange, such as floating the kyat to the market rate, since around mid-December of last year.

On the flip side weakened value of the kyat compared to overvalued official rate pegged prior to policy changes could also lead to higher domestic prices for traded goods, making it more expensive for the ordinary Myanmar person to purchase products. Lurking in the background is also the low productivity rate of the private sector.

The rising consumer price inflation, and border trade losses due to armed conflict. World Bank’s Myanmar Economic Monitor reported in Dec 2023 annual is inflation rate in Myanmar is now at 29 percent as the kyat has depreciated by 18 percent against the US dollar; and that firms were reportedly operating at just 56 percent of their capacity in September 2023. Similarly, the Ministry of Commerce of the State Administration Council (SAC.).

The junta’s official name) recorded a 40-percent border trade decline, in the areas adjacent to both Thailand and China, since the beginning of Operation 1027, a major anti-regime military offensive launched in northern Shan State in October by an alliance of ethnic armed organizations (EAOs). Overall, the combination of instability from both the security and economic perspectives could potentially render Myanmar unliveable for its people