Beijing appears increasingly exasperated with the Min Aung Hlaing regime’s inability to deliver on its promises despite constantly holding out its hands for more money and support.
The currency’s sharp decline against the baht and dollar has disrupted border trade, forcing some traders to suspend transactions and raising fears of further inflation.
Bangkok is pushing to restore Myanmar’s participation in high-level ASEAN meetings despite renewed border tensions and concerns over the junta’s legitimacy.
