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Bank of Laos Raises Interest Rate to 10% Amid Economic Challenges

The Bank of Lao PDR (Photo: Central Banking)

The Bank of the Lao PDR (BOL) has announced an increase in its interest rate for short-term loans from 8.5 percent to 10 percent per annum. This decision is in response to both domestic and global economic changes and reflects the bank’s efforts to address ongoing economic challenges.

The announcement was made through a formal notification issued on 12 June. Approved by BOL Governor Bounleua Sinxayvoravong, the directive instructs the Monetary Policy Department and the Department of Banking Operations to implement the new rate and ensure that information about the change is widely disseminated nationwide.

This new directive supersedes the previous notification which had been in effect since 7 March.

According to BOL’s historical interest rate chart, the rate for loans of less than one week was 7.50 percent per annum as of 13 February, 2023. It was then adjusted to 8.50 percent in early March. The latest increase to 10 percent marks a significant step in the central bank’s efforts to address current economic conditions.

The BOL’s decision is expected to influence various sectors, potentially affecting borrowing costs, investment strategies, and overall economic activity in Laos.

Giveaway.com Unveils Penny Win, The Future of Investing Starts With Pennies


VILNIUS, LITHUANIA – Media OutReach Newswire – 21 June 2024 – Giveaway.com is set to launch a new feature, Penny Win, at the end of June 2024. This feature enables users to engage in micro-investments starting from as little as 0.1 USDT. Penny Win is designed to allow participants to incrementally increase their investments in a structured manner. The platform encourages ongoing participation by allowing incremental investment opportunities. Those interested can visit Giveaway.com.

Giveaway.com Unveils Penny Win | The Future of Investing Starts With Pennies
Giveaway.com Unveils Penny Win | The Future of Investing Starts With Pennies

Penny Win introduces a new approach to traditional investment models by using a transparent and fair automated system. This feature is based on the concept of making the crypto market more accessible through small investments, thus broadening opportunities for those interested in exploring this expanding field.

The platform’s distinctive rolling system ensures continuous operation, beginning a new cycle as soon as the previous one concludes, which maintains dynamic and ongoing user engagement. Additionally, Penny Win provides flexible prize amounts through an admin backend, allowing for the creation of diverse product offerings primarily in cryptocurrencies.

Key features of Penny Win include:
Micro-Investment Threshold: Participate with as little as 0.1 USDT
Fair and Transparent Draws: Utilizes an open and transparent algorithm
Continuous Engagement: Seamless transition between consecutive draws
Crypto Rewards: Current prizes primarily in various cryptocurrencies
Flexible Prize Scales: Administrative flexibility in prize offerings

Giveaway.com is committed to enhancing user experience by integrating innovative functionalities that offer entertainment and provide real investment opportunities. Penny Win is a testament to Giveaway.com’s dedication to innovation and inclusivity in cryptocurrency.

Giveaway.com continues to push the boundaries of crypto accessibility with this launch. This comprehensive ecosystem ensures a secure platform for all your crypto activities, solidifying our position at the forefront of the digital revolution.

Its to explore Penny Win, where you can participate with small investments in a secure and transparent environment. Follow GIVEAWAY twitter to stay tuned and get firsthand information when this revolutionary feature goes live.

For more information, visit Giveaway.com.
Hashtag: #Giveaway

The issuer is solely responsible for the content of this announcement.

About Giveaway

utilizes the transformative capabilities of blockchain technology to redefine the standards of contest and giveaway campaigns. Our platform ensures every aspect of the drawing process is recorded and secured on the blockchain, providing a tamper-proof and transparent solution that guarantees fairness for all participants. This revolutionary approach enhances trust among users and streamlines the management of campaigns, making it an ideal choice for businesses looking to boost engagement and visibility. Whether you’re running a small promotional event or a large-scale marketing campaign, Giveaway.com delivers reliability and integrity through cutting-edge technology.

For more information, visit: | | |

Netflix Reveals Southeast Asian Films Lineup

Netflix has recently unveiled an exciting lineup of films and series from Southeast Asia, showcasing new works from Thailand, the Philippines, and Indonesia.

Global Reading Crisis: 300 Million Children at Risk by 2030, Report Says

Representational image: Primary school children at Phonsavath Primary School. (Photo: Aide et Action)

More than 300 million children, representing 37 percent of all young people worldwide, will fail to achieve basic reading proficiency by 2030 if immediate action is not taken, according to the first Global Report on Early Childhood Care and Education (ECCE).

Crackdown on Corruption: Lao Officials Push for Severe Penalties

Representational image (Photo: State Department)

The government has lost significant sums of money to corruption, with the State Inspection Authority identifying development and investment projects, especially roads and bridges, as primary sources of graft.

Workato Welcomes New Members to the Leadership Team for the Next Phase of Growth and Innovation

At a time of accelerated growth, the AI-driven enterprise orchestration platform welcomes new members to Product and Go-to-Market teams


SINGAPORE – Media OutReach Newswire – 20 June 2024 – Workato®, the leading AI-driven Enterprise Orchestration platform, today announces two new appointments to the leadership team; Chandar Pattabhiram is joining as the company’s first Chief Go-to-Market Officer, and Bhagat Nainani is joining as the Head of Product and Engineering. A signal of the company’s momentum, these new leadership appointments reflect Workato’s investment in helping its customers and partners innovate, empower, and scale.

“We are fortunate to have experienced several milestones this year, from being named a Leader in the 2024 Gartner® Magic Quadrant™ for iPaaS to announcing our Strategic Collaboration Agreement with AWS. We pride ourselves on striving for success and being an eclectic group of individuals,” said Vijay Tella, Co-founder, and CEO of Workato. “We are thrilled to celebrate and welcome new leaders across teams to support Workato’s continued growth. Chandar and Bhagat each bring unique expertise as we continue to cement ourselves as the leading enterprise orchestration platform.”

Chandar Pattabhiram joins Workato as the company’s first Chief Go-to-Market Officer. He will preside over strategic GTM and transformation, marketing, field readiness, and North American partnerships. Pattabhiram has over 25 years of experience and proven success in GTM transformation, category creation, demand generation, and partner and community activation at iconic category-defining brands like Marketo and Coupa. Most recently, Pattabhiram served as CMO of Coupa, responsible for all aspects of Revenue Marketing including GTM strategy, product and segment marketing, growth marketing, and corporate marketing, scaling the company from approximately $150M to nearing $1B in revenue.

“When you look at a company at the simplest level, take a lemonade stand for example, however sophisticated the business is, the lemonade better be good. It was clear from the beginning that Workato has the best ‘lemonade’ in the enterprise orchestration category,” said Pattabhiram. “The market opportunity for integration and orchestration platforms is immense and essential. In this world of AI, companies across all industries must orchestrate their business processes across applications in the simplest and fastest way possible. With an incredible foundation in place, we’re going to be able to scale at speed, bringing all facets of the go-to-market organization together. I’m excited to join this journey with the Workato team, to create lasting change and opportunity.”

Bhagat Nainani joins as Head of Product & Engineering, where he will lead the global P&E team and build upon Workato’s foundation of automation, integration, and AI solutions. With over 20 years of experience managing international teams to deliver high-quality enterprise products and business applications, Nainani’s background is in product development specializing in SaaS applications, cloud infrastructure, and distributed systems. He was most recently at SAP, responsible for application development, automation, and integration products of the SAP Business Technology Platform.

“I’m proud to be joining the Product and Engineering team at Workato when AI innovation is pushing the boundaries of automation and integration,” said Nainani. “Workato has been in a period of rapid growth, which creates a unique opportunity to deliver an AI-enabled orchestration platform. Building a product that enables our customers and partners to empower their teams and scale across their organizations at speed is one of the reasons why I’m thrilled to be joining.”

Workato enables enterprises to transform their business operations by orchestrating business processes end-to-end and operationalizing AI across the entire organization. Designed with best-in-class security and governance, scalability, performance, and availability, Workato’s low-code, no-code platform makes it easy for IT and business teams to integrate their applications, data, and experiences.

To learn more about Workato and the future of automation, integration, and AI, visit www.workato.com.

Hashtag: #Workato

The issuer is solely responsible for the content of this announcement.

About Workato

The leader in AI-driven enterprise orchestration, Workato helps organizations drive business efficiency at scale without compromising security and governance. Built for Business and IT users, Workato is trusted by over 1,000 top brands, including Broadcom, Doordash, and Atlassian. Headquartered in Mountain View, Calif., Workato is backed by Altimeter Capital, Battery Ventures, Insight Venture Partners, Tiger Global, and Redpoint Ventures. For more information, visit workato.com or connect with us on social media:

Trend Micro Scores 100% on Attack Visibility in Latest MITRE Engenuity ATT&CK® Evaluations

AI-powered platform enables 24/7 monitoring and analysis, provides stronger detection and faster response


HONG KONG SAR – Media OutReach Newswire – 20 June 2024 – Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today announced its strong performance in threat detection and high actionability rating in the latest MITRE Engenuity ATT&CK® Evaluations report for managed services.

Kevin Simzer, COO at Trend: “Not all services are created equal. MITRE set us up against multiple attack scenarios in the style of real-world adversary groups, and our attack visibility earned a perfect score across all major steps. The message is simple: Trend’s MDR reduces the burden and time to identify, investigate, and respond to threats.”

Enterprises worldwide are realizing the value of managed detection and response (MDR). More than 3,000 enterprise customers rely on Trend’s managed services for critical security operations work. MITRE Engenuity’s ATT&CK® Evaluations appraise a solution’s ability to detect targeted attacks leveraging known adversary behavior, closely mirroring advanced real-world attacks.

This year’s evaluation, conducted in early 2024, focused on the tactics, techniques, and procedures of state-aligned group menuPass (aka APT10) and ransomware-as-a-service collective BlackCat/AlphV.

Trend’s MDR capabilities detected 15/15 major attack steps—100% visibility—with 86% of these steps analyzed in an actionable way. The report also revealed Trend’s service minimized the number of alerts flagged to users, which can help reduce analyst fatigue and prevent human error that may impact detection or response.

Trend offers MDR as part of its flagship Trend Vision One™ platform, protecting thousands of global customers by enabling rapid detection and containment of threats before they can spread.

Trend’s MDR service offers:

  • The most native telemetry of any MDR service today, for high fidelity detections, strong correlations and rich context
  • AI-powered plain language alert explanations and response recommendations to accelerate Mean Time to Understand and Mean Time to Respond
  • World-leading threat intelligence from Trend™ Research and our Trend Micro™ Zero-Day Initiative™ (ZDI)

Trend products have achieved a 100% detection rate in MITRE Engenuity’s ATT&CK® Evaluations since 2020.

To learn more about Trend’s industry-leading security service, visit: https://www.trendmicro.com/en_hk/research/24/f/mitre-enginuity-attack-evaluations.html

Hashtag: #trendmicro #trendvisionone #visionone #cybersecurity #mitre #att&ck




The issuer is solely responsible for the content of this announcement.

Trend Micro

Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro’s cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world.

Chinese Girl Sparks Debate After Entering Global Math Contest Finals

Jiang Ping, a 17-year-old fashion design student in China, is shortlisted for the 2024 Alibaba Global Mathematics Competition finals. (Photo: Courtesy of DAMO Academy)

Jiang Ping, a 17-year-old student in China, has sparked debate on mathematics and education after she was shortlisted for the 2024 Alibaba Global Mathematics Competition finals.