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Govt to Double its Efforts to Tackle Economic Crisis and Drug Trafficking

Prime Minister Phankham Viphavanh

Government agencies have been urged to double their efforts in addressing the two national agendas that look at tackling the ongoing economic crisis and drug trafficking.

BIB Meta announces the white paper on staking rules and revenue composition of community nodes

As a decentralized Web3 application of the World Cup theme, BIB Meta has made a bold attempt with its unique eco-economic model design.

TAIPEI, TAIWAN – Media OutReach – 28 October 2022 – BIB Meta, the world’s first Web3 eco-exchange, recently opened the NFT auction, and at the same time opened the node staking function, which aroused strong market concern. BIB Meta is built by BIB Exchange and is compatible with DeFi, NFT and GameFi. It integrates the dimensions of NFT selling, trading, synthesis, competition quiz, card collection, community nodes, and virtual sports games, and builds a huge Web3 ecosystem.

Community is the most comprehensive and important core function of BIB Meta. Users can create community nodes by pledging Samsung or four-star NFT star cards and entrusting a certain amount of BIB Token as node start-up money.

When users staking the NFT of three and four stars, they can get a community certificate NFT representing ownership. The NFT represents that the user has the ownership of the star card NFT staked by the corresponding node and the node startup fund. The NFT can be traded, and at the same time, its corresponding rights and interests will be transferred.

Staking Rules and Supernodes

Users who hold BIB Token can entrust the Token to the node to obtain mining revenue of BIB Token. Mining revenue comes from linear release of blocks and BIB Meta ecological revenue. The revenue that users can get will be determined by the proportion of the staked amount to the total staked amount.

On the other hand, the node owner can adjust the amount of node startup money. Smart contract allows users to upgrade 3-star nodes to 4-star nodes. BIB Token in the node lock position does not need to be migrated. Community nodes that have obtained the top 30 BIB Token numbers of users and other community nodes and have no superior nodes automatically become super community nodes.

Detailed explanation of community revenue

As an important part of BIB Meta ecology, community nodes can naturally get rich benefits. The revenue sources of a community can be divided into four parts.

Entrust revenue of start-up fund (consists of two parts), monthly revenue of super node and staking revenue of NFT.

(1)Community revenue pool accounts for 55% of the total prize pool. This part is divided into two parts, in which 80% of the proceeds are distributed to users who entrust BIB tokens to nodes, and 20% to owners of nodes;
(2) The monthly revenue of super nodes accounts for 5% of the total prize pool, which is distributed to super nodes on a monthly basis, and distributed according to the proportion of the total commissioned amount (including the commissioned number of lower nodes);
(3) NFT staking revenue accounts for 40% of the total prize pool, which is only distributed to NFT staking users according to the star rating and gradient of star cards.

All the above proceeds are BIB currency-based revenue. In addition, as a community node, the node startup fund included in the node will have the right to receive dividends in cash, and the dividends in cash will be distributed as BUSD, that is, U standard.

Ecological stimulation-community node is not only a POS mechanism

Users of BIB Meta community nodes can attract more users into the ecology through network publicity, community building and other KOL-like behaviors, and staking their BIB Token to this user’s node. The more the number of stakings, the greater the probability that the node will become a super node.

Once a node becomes a super node, both the node and the users staked in the node will gain more benefits. Therefore, under this mechanism, the community nodes will compete with each other, and the competition will prevent the early profitable users from “lying flat”.

As far as BIB Meta is concerned, Web3 is an exploration and attempt, and its ecological model can be recycled and compete with each other, which makes the current application balanced.

With the arrival of FIFA World Cup Qatar 2022, and the deepening of market cooperation with stars and traditional Web2, the performance of BIB Meta may be worthy of attention.

Hashtag: #BIBMeta

Restaurant Pulled up by Authorities for Ad Featuring Women in Bikinis

A restaurant in Vientiane Capital has been reprimanded by authorities for an advertisement featuring women in bikinis posing at a waterfall on its premises.

Laos and Russia Consider Launching Direct Flights to Promote Tourism

Deputy Minister of Information, Culture and Tourism, Mr. Ounthuang Khaophanh (right), in conversation with the head of the Russian Federal Tourism Agency Mr. Radkov Alexander Vasilyevich (left) Photo credit: https://kpl.gov.la/

Laos and Russia are in talks about launching direct flights, hoping to bolster tourism between the two countries.

Laos Celebrates International Day Of The Girl Child

Group Photo at the event.

On the 10th anniversary of the International Day of the Girl Child (IDGC), the Lao Women’s Union and the United Nations Population Fund (UNFPA), in collaboration with Plan International and partners, celebrated all adolescents in Laos with Noi’s 16th birthday in Vientiane Capital.

Prudence Foundation, ChildFund Sign MOU to Improve Laos’ Financial Literacy

Prudence Foundation, the community investment arm of Prudential plc in Asia and Africa with ChildFund in Laos on Wednesday signed a Memorandum of Understanding (MoU) with The National Commission for Advancement of Women, Mother, and Children (NCAWMC).

Shopee Reveals How Influencer Communities Build Trust

30% of Malaysian Buyers Reaffirm Purchase Decisions Through Relatable Influencers

KUALA LUMPUR, MALAYSIA – Media OutReach – 28 October 2022 – Shopee, Malaysia’s leading e-commerce platform, studied the impact of Malaysian influencers on informing Malaysians’ purchase decisions online. Shopee’s marketplace study* examined the motivational structures of 2,459 buyers, consisting of Gen-Z (40%), Millennials (36%), Generation X (17%) and Baby Boomers (7%), in following influencers.

Caption

Five in ten of Malaysians relate most to micro-nano influencers with follower count under 500,000[1]. The surveyed buyers find these influencers relatable because they occupy a niche in posting word-of-mouth recommendations to well-acquainted circles of interest. The degree to which Malaysians follow influencers in other tiers are spread: 25% like Mega influencers (over 1 million) and 22% prefer macro influencers (with 500,000 to less than a million followers). With the rise of influencers in Malaysia, 3 in 10 buyers want influencers to bond with them on a personal level so they can continue to stand out from their peers.

A third (30%) concede that they follow influencers to reaffirm their shopping choices before they purchase a product. 22% habitually follow influencers to stay on trend or to educate themselves, 21% find them relatable, 20% want to discover new things, and only 7% choose to follow them for their popularity. Across generations, Malaysians online want access to information that helps them shop smarter.

The most popular type of influencer content, according to a third (33%) of Malaysian buyers, are reviews, vlogs and unboxing videos. Unboxing has become a popular trend across e-commerce, particularly for Shopee livestream influencers, where they have the advantage of showcasing the full potential of products and demonstrating their effectiveness in action to their strong community of followers. It has become the most trusted way for them to share personal advice, get two-way feedback, and answer questions about the product directly with compelling proof.

Remaining buyers surveyed find inspiration in the following types of content: 20% watch DIY hacks, tips, and tricks, 19% feel rewarded by giveaways, special offers or contests, 15% discover new products or feature launch announcements, and 12% prefer interactive videos, livestreams and polls. Shopee brings communities together through content that entertains and for influencers to forge meaningful connections in real-time channels like Shopee Live.

“With many new sellers on the marketplace since the pandemic, buyers understandably are faced with more to choose from and more unknowns. Our influencers are a trusted community: Malaysian shoppers on our marketplace know the source, perceive them as fellow peers, and look to them to determine if they’re getting the best prices and whether they can trust user recommendations,” said Kenneth Soh, Head of Marketing Campaigns at Shopee Malaysia.

When Shopee asked 1,035 sellers what type of content they thought influencers should post on social media to help Malaysians shop smarter, 48% of sellers preferred influencers to post relevant and genuine reels and videos of their product. 24% wanted their products featured organically in engaging content, 15% wanted to see their products on influencer selfies, and 15% wanted influencers to give away their products in live interactions.

“We strongly believe that our community of influencers will help our sellers achieve sustainable growth because we see more Malaysians trusting them to inform their shopping decisions. Shopee Affiliate Programme, Shopee Influencer Marketing Programme, and Shopee Live are examples of how sellers can leverage trusted communities to cultivate more meaningful and loyal relationships online,” Soh added.

This study kicks off Shopee Malaysia’s November edition of e-commerce insights on how Malaysian influencers resonate with local audiences and how sellers can engage them to cultivate loyalty online. Further insights will be revealed on 2 November 2022. Shopee will level up these individuals by bringing the community closer through its Shopee Influencers Fest Countdown Party on 10 November 2022.

Survey Methodology*

  • The 2022 “The Future of E-Commerce with Malaysian Influencers” survey was conducted by Shopee Marketplace, between 28 September and 21 October 2022. Voluntary feedback was obtained from 2,459 Malaysian buyers and 1,035 Malaysian sellers on the platform.


[1] Tiering of influencers is based on general consensus from Meltwater and not exclusively to Shopee

Hashtag: #Shopee

About Shopee

Shopee is the leading e-commerce platform in Southeast Asia & Taiwan. Shopee promotes an inclusive and sustainable digital ecosystem by enabling businesses to digitalise and grow their online presence, helping more people access and benefit from digital services, and uplifting local communities.

Shopee offers an easy, secure, and engaging experience that is enjoyed by millions of people daily. Shopee is also a key contributor to the region’s digital economy with a firm commitment to helping homegrown brands and entrepreneurs succeed in e-commerce.

Shopee is part of Sea Limited (NYSE: SE), a leading global consumer internet company. Sea’s mission is to better the lives of consumers and small businesses with technology through its three core businesses: Shopee, Garena and SeaMoney.

New fully automated Vetter warehouse expands storage and boosts logistical infrastructure

Additional investments across the company support customer supply needs

  • Building reinforces the company’s sustainable growth strategy
  • New logistic infrastructure extends storage capacity of packaging materials
  • Further investments are planned across the company

RAVENSBURG, GERMANY – Media OutReach – 28 October 2022 – Vetter, a globally leading contract development and manufacturing organization (CDMO), announced the commissioning of a new warehouse designed to help meet increasing customer market supply demands. With a total investment of approx. 20 million euros, the new fully automated building provides storage space for materials with high-stock turnover rates such as packaging components and thus optimizing the company’s logistical infrastructure. In addition, valuable capacity will be freed up in the existing warehouse.

© Vetter Pharma International GmbH: New fully automated Vetter warehouse for packaging materials.

© Vetter Pharma International GmbH: New fully automated Vetter warehouse for packaging materials.

Construction of the warehouse began in April 2021 and was designed to further address the company’s strategic expansion plans. “We have already taken a process-related expansion concept into account during our planning process. The warehouse operation will initially start with a two-shift operation which can be extended to three shifts per day,” explains Peter Mayer, Senior Vice President Customer Project Management, Procurement and Logistics. The new storage facility includes 7,700 sq. meters of logistics space consisting of 1,200 sq. meters for incoming and outgoing goods and 6,500 sq. meters of room temperature storage with the capacity for more than 16,000 pallets and a shelf height of 14 meters. The state-of-the-art high-bay warehouse is equipped with automated forklifts and six positions for trucks on a receiving area ramp connected to the transfer area. Four driverless shuttles connect the transfer area with the building’s shelves while four driverless forklifts operate between them.

“The additional warehouse is a further testament of our commitment to support our customer’s supply chain needs,” states Managing Director Peter Soelkner. “We have also planned for more investment projects that will help us to continue the momentum of sustainable growth of our company.” The numerous investments at all Vetter sites include the recently completed extension of the development service laboratories as well as a new multipurpose building at the Ravensburg South production site that houses laboratories for quality control, thawing rooms, offices and a new attractive employee canteen. The completion of another production building for aseptic manufacturing, at the CDMO’s Schuetzenstrasse site, is planned for the end of 2026, with several new cleanrooms to be realized in the subsequent years. In addition, the implementation of further automated visual inspection machines is planned. Managing Director Thomas Otto summarizes: “Despite the multi-faceted challenges we currently face, such as pandemic as well as political and economic circumstances, we will continue to invest over the next years to expand our capacities in the areas of development services, aseptic filling, visual inspection and packaging to meet the increasing market demand. The planned expansions will go hand in hand with the optimization of the infrastructure across all our sites.”

Find the Vetter press kit and more background information here.

Hashtag: #Vetter

About Vetter

Headquartered in Ravensburg, Germany, Vetter is a family-owned, global leading contract development and manufacturing organization (CDMO) with production facilities in Germany, Austria and the United States. Currently employing more than , the company has long-term experience in supporting biotechnology and pharmaceutical customers both large and small. Vetter range from early stage development support including , to and numerous for vials, syringes and cartridges. As a leading solution provider, Vetter appreciates its responsibility to support the needs of its customers by developing devices that contribute to increased patient safety, convenience, and enhanced compliance. Great importance is also given to including environmental protection and sustainability. Learn more about Vetter at .