10 Oct 2016
MySQUAR said its financial outlook has improved after the US formally ended its sanctions against Myanmar on Friday.
The Myanmar-language social media, entertainment and payments platform noted that the US has ended a declared “National Emergency” categorisation which had been in place since 1997, resulting in sanctions which were increased by a subsequent executive order in 2007.
Chief executive officer Eric Schaer said the lifting of the sanctions goes even further than the company had hoped.
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