MySQUAR reassures investors amid ongoing Rohingya crisis

Myanmar-language social media, entertainment and payment platform MySQUAR responded to increasing investor concern over the situation of unrest in Myanmar on Thursday.

The south east Asian nation had come under increasing global scrutiny in recent days as thousands of Rohingya Muslims pour across the border into Bangladesh, and pictures of the devastation left behind in their villages have been beamed across the world.

Myanmar forces began a crackdown on the Rohingya people in late 2016 after a number of attacks on border police camps by unidentified insurgents.

However, the supposed crackdown has since escalated, with evidence of extrajudicial killings, gang rapes, arsons and other brutalities at the hands of military forces.

“The company would like to reassure investors that MySQUAR's daily operations and market strategy are not affected as the civil unrest is confined to a restricted rural area and is considered unlikely to spread,” MySQUAR’s board said in its statement.

“Telecoms and businesses are unaffected and operating in their normal capacity.

“MySQUAR's marketing and business development teams are based in Yangon and the majority of the operations team is based in Vietnam.”