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Thai Court Allows Gen. Prayut to Stay On as Prime Minister

Thai Prime Minister Prayut Chan-o-cha.
Thai Prime Minister Prayut Chan-o-cha.

Thailand’s Constitutional Court has ruled that Gen. Prayut Chan-o-cha may continue to serve as prime minister.

‘More Than 1,000 Years Needed’ to Clear All UXO From Laos

Authorities view UXO in Salavanh Province.
Authorities view UXO in Salavanh Province.

Local experts estimate that it would take over 1,000 years to clear all unexploded ordnance (UXO) in Laos at the current clearance rate.

Bybit CEO Undaunted By Market Downturn

“We Do Not Fear Macro Trends. We Are Bullish.”

SINGAPORE – Media OutReach – 30 September 2022 – Ben Zhou, co-founder and CEO of Bybit, the third most visited crypto exchange in the world, said that the current bear market was a huge opportunity for the company and it was using the time to bounce back better.

Speaking at a TOKEN2049 panel in Singapore, on the future of crypto exchanges, Zhou discussed how Bybit had seized the opportunity during the bear market to realign internally by streamlining roles, responsibilities, and processes, as well as focusing on products. “We are very comfortable in the bear market,” Zhou added, “we were born in a bear market.”

Given the current economic headwinds, the panelists were asked how crypto would weather the continuing storm, and how ultimately the economic downturn would affect the future of the industry.

Zhou was just as upbeat. “We are bullish. For us, the macro trends are nothing to fear,” he said. “Rising inflation and interest rates, printing vast quantities of fiat currency, low growth or no growth – all highlight the weakness in traditional finance.”

Zhou explained how Bybit’s infrastructure had been designed and constructed differently from traditional exchanges, illustrating how it runs 24/7, and has never been offline since the company launched in 2018.

When quizzed on his ambitions for Web3, Zhou stressed Bybit’s passion for catering to all and being the gateway for people to enter into the digital economy. “It’s our job to innovate,” Zhou added. “In Web3, wherever the client wants to go, it’s our job to take them there: we are the car, we are the bus.”

He also highlighted the importance of education, but not at the expense of user experience. “Education is important but so is simplicity. It’s important to focus on the product. It is our job to make extremely sophisticated products so easy to use straight out of the box, just like Apple.”

Hashtag: #Bybit

About Bybit

Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR), City Esports, and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.

For more information please visit:

For updates, please follow Bybit’s social media platforms on








Uncertain times call for trustworthy companies: What about OctaFX?

How does the international Forex brokerage service OctaFX fare in light of recent uncertainties and fears on the financial markets in general and the Foreign Exchange in specific? We took a closer look at the company to find out.

KUALA LUMPUR, MALAYSIA – Media OutReach – 30 September 2022 – Decentralisation of financial services and the growingly independent approach of the individual in entering those new markets have its obvious strengths in terms of financial self-determination. But the downside is the frequent and legitimate question of which financial service merits trust and which ones are out there to take advantage of—or even exploit—unsuspecting new clients.

This time, we set out to get an overview of the trustworthiness, reliability and overall service quality of one such company in question—the international broker OctaFX.

Track record

The broker has been operating in the global market for over eleven years. In the age of the internet, that is an eternity,especially, if you consider how many shady one-day brokers or outright scamming platforms are incepted every single day. Usually, in a competitive and ever-dynamic environment like Forex, the longer a company stays relevant, evolves, and strives to even higher standards, dedication, persistence, and discipline become essential foundations that solidify.

Over 45 crucial industry awards—highlighting achievements and excellence along the way—have been captured by the company as the last decade went by. To just name the most recent ones: ‘Best Global Broker Asia 2022’ by International Business Magazine, ‘Best Forex Broker Malaysia 2022’ by the Global Banking & Finance Review, and ‘Best Trading Conditions Asia 2021’ by Singapore-based World Business Outlook.

Community

Upon investigation, the client base of OctaFX seems solid—the figure of over 12 million opened accounts is a testament to that. Moreover, its clients are spread over 150 countries worldwide, and 8.8 million individual requests have been successfully dealt with so far. In addition, over a billion trade orders were executed with this particular financial service. This might be due to the fact that OctaFX does offer one of the global market’s best trading conditions for its clients.

Responsibility of corporations

In terms of social and charitable engagement, the financial domain sometimes struggles to keep public credibility since companies there make so much profit with their services. OctaFX’s sincerity, diligence, and effort in corporate responsibility are in stock in that regard. Out of the many initiatives we discovered, the latest one was a partnership with the Great Vision Charity Association. They provided six students in Malaysia with otherwise severely lacking allowance for the next twelve months.

Education

Often education and charity go hand in hand at OctaFX. They put an emphasis on not only staying in touch with its client base but also trying to assist clients with achieving their investment goals. The company appears to have unlocked this simple fact: in order to help someone reach their investment goals, good education in the subject matters at hand is necessary and indispensable.

The broker offers a qualitative online training programme and a diverse pool of experts and educators with many webinars. Personal development is very high on the agenda here.

To secure the experience

Security is the founding block of every financial service or institution—there are just no two ways about that. And with efficient, latest security comes true transparency and reliability. These concepts are all interconnected and, in fact, manifested in the digital infrastructure OctaFX has build up and curated over the years. As a data-driven entity, OctaFX researches and employs the latest in financial technologies to uphold the highest security standard. That is one of the main reasons—another is the user experience—more and more retail investors and traders come in to join OctaFX’s trustworthy ecosystem.

In a nutshell

It all comes down to the long-term connection the broker strives to create and keep with its clients. On the one hand, it’s an international company; on the other hand, it very much manages to stay local—regional awards, like the aforementioned ‘Best Forex Broker Malaysia 2022’ but frequent charity initiatives in the regions near its actual clients speak clearly of this simple fact.

Hashtag: #OctaFX

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

Residents Voice Concern Over Rising Crime in Laos

Motorbike theft caught on CCTV in Vientiane Capital.
Motorbike theft caught on CCTV camera in Xaythany District, Vientiane Capital.

A sharp rise in the incidence of theft, robbery, and gun violence has led residents in Laos to take to social media and voice their concerns.

Ministry of Energy and Mines Suspends Foreign Mining Company

Lao-Xinlong Mining Company has temporarily suspended by the Ministry of Energy and Mines for safety issues.

Ministry of Energy has issued a notice suspending the operations of a foreign mining company in Oudomxay due to recurring safety issues.

U.S. Soy Sustainability Assurance Protocol (SSAP) Certificates Can Now Be Transferred

Move by USSEC Supports Customers’ Efforts to Verify Sustainable Soy

KUALA LUMPUR, MALAYSIA – Media OutReach – 30 September 2022 – International customers of U.S. Soy throughout the supply chain are now able to better demonstrate their commitment to sourcing sustainable ingredients. The U.S. Soy Sustainability Assurance Protocol (SSAP) has been expanded to allow the transfer of SSAP certificates up to four times.

U.S. Soy customers have long sought more transparency in the sustainability of their purchases. This change to the SSAP by Soy Export Sustainability, LLC, which is partially funded by the national soybean checkoff, allows customers to keep records of their sustainable U.S. Soy purchases, use these purchases to meet their ESG (Environmental, Social and Governance) goals, and report on their progress toward those goals. Importers will be able to receive a certificate in their name from an exporter, the importer will then be able to transfer certificates to their customers. The certificate has the potential to be transferred a total of four times after export.

“Ensuring sustainable sourcing of products is central to our commitment to responsible supply chains. We are glad to see continuous improvement of the SSAP certifications, as well as the transparent and credible methodologies in place for measuring sustainable performance. Transferable certificates are key to our customers and our business to track and verify that the soy products we source are raised in a sustainable manner, leading to greater sustainability of the global food system,” said Dessislava Barzachka, EA Sustainability Execution Manager, Bunge.

The SSAP, which was developed in 2013, is a verified aggregate approach, audited by third parties, that verifies sustainable soybean production on a national scale. The system is designed to maintain mass balance of verified sustainable soy at each transfer and industry processing calculations are also incorporated into the system. The organization issuing and tracking the certificates is Soy Export Sustainability, LLC.

While this change meets the buyers’ needs for demonstrating their commitment to sourcing sustainable soy in the short-term, in the long-term the change could also help generate demand for their products because of consumer preferences for sustainable products.

Under the SSAP guidelines, U.S. soybean farmers continuously improve their sustainability performance, ensuring an even more sustainable product in the future. U.S. Soy is already recognized as having the lowest carbon footprint versus soy of other origins. In addition, the SSAP includes farm audits conducted by an independent third party – the U.S. Department of Agriculture (USDA). SSAP recently earned Silver Level Equivalence when benchmarked with the Sustainable Agriculture Initiative Platform (SAI Platform)’s Farm Sustainability Assessment (FSA) 3.0. It is also positively benchmarked with the soy sourcing guidelines of the European Feed Manufacturers Federation (FEFAC) through the independent International Trade Centre (ITC) and is recognized by the Consumer Goods Forum’s Sustainable Soy Sourcing Guidelines and the Global Seafood Alliance’s Best Aquaculture Practices.

“U.S. soybean farmers have a strong commitment to sustainability, so we are always exploring how we can support their efforts to verify the sustainability of their products. The SSAP does that, but now with transferable certificates, it allows for that verification to be passed along to their other customers,” said Abby Rinne, Director of Sustainability, U.S. Soybean Export Council (USSEC). USSEC is a founding member of Soy Export Sustainability, LLC focused on differentiating, elevating preference, and attaining market access for U.S. Soy.

Hashtag: #USSEC

Study Reveals Serious Health Risks From Roadside Grill Smoke

A roadside grill shop in Vientiane, Laos (Lao Youth Radio)
A roadside grill shop in Vientiane, Laos (Lao Youth Radio)

A recent local study found that roadside grill vendors in Laos face severe health risks from air pollution due to inhalation of grill smoke.