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Concerns mount in the wake of Red Dot shutdown

Agents of Red Dot Network Ltd are unhappy that deposits paid to the now defunct payment solutions provider will likely not be returned to them. Red Dot’s system involves small terminals and trading balances. The firm buys credit from Myanmar’s telcos – Ooredoo, Telenor, MecTel and MPT – the same as that which shop owners […]

Facebook, whatsapp target fake news for asia’s election season, but is it too little, too late?

Facebook and its subsidiary WhatsApp have promised to get tougher on “fake news” ahead of key elections in Asia, but critics question whether the new policies can stop viral disinformation from influencing the outcomes. Both companies have faced outrage over issues related to misuse and accountability, and this year’s polls could prove a crucial test […]

Billboard advertising shrinks but remains part of Yangon landscape

Just half a decade ago, Yangon was dotted with billboards as companies jostled for the best locations to draw the attention of the consumers to the products they were introducing to the market. But just like other traditional advertising media, such as the newspapers and magazines, among others, the outdoor advertising industry is now fighting […]

High e-commerce potential, but growth stunted, for now

On November 11, 2018, online shoppers in Myanmar purchased goods worth US$90,000 on the Internet within the first hour of Alibaba Group’s global 11.11 sale. It was the first time the Chinese e-commerce giant had opened up the annual event to Myanmar, where just 1 percent of the population is exposed to e-commerce. Alibaba knows […]

Facebook takes down more Myanmar accounts over military links

Facebook Inc (FB.O) has removed hundreds of additional accounts, pages and groups in Myanmar from its social networks after discovering what it called “coordinated inauthentic behaviour” and links to the country’s military. The social media giant had previously removed accounts, including that of Myanmar’s army chief, after criticism it had failed to act on hate […]

Facebook among firms named on Myanmar human rights ‘dirty list

Facebook is among a number of companies from the US, UK, France, Switzerland and China named on a “dirty list” of corporations accused of involvement in human rights and environmental violations in Myanmar, or of doing business with the country’s military, which is accused of genocide. A list of 49 companies, compiled by the pressure […]

Home-grown talent bring digital transformation to Myanmar enterprises

A GROUP of Myanmar whizz kids have set their hearts on becoming an integral part of Myanmar’s digital transformation journey by building up their own venture Nexlabs, a digital consulting firm focused mainly on digital solutions for companies to improve their business performance. Ye Myat Min, co-founder and chief executive of Nexlabs, said in an […]

Myanmar Press Council Turns Attention to Exposing Fake News

The Myanmar Press Council announced Tuesday that it will focus on exposing people in Myanmar who produce fake news to manipulate public opinion, following the filing of a complaint by authorities in Mandalay region about an apparently phony social media report critical of the local government. The report about the business community questioning the legitimacy […]

Colliers Property Report : Yangon Retail 3Q2018

SUMMARY & RECOMMENDATIONS As at the end of Q3 2018, citywide occupancy level remains at a healthy state, however a slight decline was observed following the recent flight to quality for some tenants. Given the strong development pipeline for 2019, along with the changing demographics such as the increasing young population, Colliers encourages both developers […]

MYSQUAR agrees to sell advertising on WeChat in Myanmar

MySQUAR, the Myanmar-language social media, entertainment and payments platform whose principal activity is to design, develop and commercialise Myanmar-focused internet-based mobile applications, is pleased to announce it has entered into a non-exclusive agreement to sell and promote WeChat advertising products and services in Myanmar (“WeChat Agreement”). The WeChat Agreement relates to advertisements from Myanmar based […]