The Central Bank of Myanmar's order for companies and individual borrowers to suspend repayment of foreign loans, the latest in a series of steps to shore up the nation's dwindling foreign exchange reserves, is unlikely to have a significant impact on Thai exports, says the Thai National Shippers' Council (TNSC).
According to Chaichan Chareonsuk, chairman of the TNSC, Thai exports to Myanmar represented only 1.6% of Thailand's total exports or US$4.3 billion last year, meaning the impact of Myanmar's foreign loan repayment measure should be minor.
