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Association vows legal action to fight fake thanaka cosmetics

Action will be taken against fake thanaka cosmetics, which have a large impact on people who rely on the business for their livelihoods, said U Kyaw Moe, chair of the Ayadaw Thanaka Planters and Producers Association, on Tuesday. “We are going to fight against cosmetics marketed under the thanaka name that contain little or no […]

Myanmar-based Irish company Red Dot halts operations

Red Dot, businessman John Nagle’s Myanmar-based electronic payments company, halted operations in recent weeks, according to local reports. Mr Nagle established Red Dot Network, which allows customers to buy mobile phone credit and pay bills, after emerging from bankruptcy in 2014, with backing from Denis O’Brien’s Digicel, which sold the business to him last year. […]

Firm accused of cheating investors changes name, stays in business

The Malaysian-owned company that swindled millions of dollars from local investors has changed its name and is now being run by two Myanmar people, U Kyaw Swa Hein, a former director of the firm has told the media. The owners of Myanmar Junwell Global Co. Ltd – Loh Yun Poh, alias Mr. Alan, Wong Jyh […]