The Times of India said over 300 Indians are being held captive in Myawaddy on the Thai border, home to Shwe Kokko new city, a notorious gambling and trafficking hub.
Traders with China and Thailand say they can no longer make deals as the kyat slumps.
Exports to China and Thailand are slowing due to the junta’s insistence that all trade is carried out with US dollars at an exchange rate set by the regime.
The Karen National Liberation Army is attacking regime reinforcements heading towards Myawaddy.
The Karen National Liberation Army in Myawaddy Township, Karen State, is reporting repeated junta airstrikes after successful attacks on regime forces.
Tensions continue to run high along the Myanmar-Thai border in Karen State.
Almost 4,000 people have fled across the frontier after junta forces bombard areas close to the Myanmar-Thai border in Karen State.
More than 200 troops entered Lay Kay Kaw new city near Myawaddy, which has become a magnet for regime opponents; an NLD lawmaker was among those detained.
Four members of the All Burma Students Democratic Front were abducted by regime troops in Myawaddy on the Thai border.