Keymon

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Re: Keymon

Postby imperialpearl » Tue Apr 27, 2021 12:53 pm

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Despite the nation’s relative size, Keymon sits on one of three major trade arteries throughout the globe. With more than 100,000 ships moving through the Artanian Sea annually, Keymon is well positioned to become a major logistical/maritime hub, existing as transhipment hub for trade moving from Artania to Seleya (or vice-versa), trade leaving and entering the Aldegar Canal via the Artanian Sea and trade streaming from the majatran continent into the larger Northern Hemisphere. However, amidst the eagerness of the government and academics alike to see the vision of a global keymon come into fruition, there exists numerous domestic challenges which must be overcome before serious moves to pivot the benefits of international trade towards keymon can be made. Concurrently, Keymon is experiencing its worst economic depression since the Great Terran War, and amidst serious constraints to foreign exchange and an economy which remains extremely dependent on imported goods, the dream of Keymon becoming a major maritime/logistical hub becomes increasingly difficult to grasp at. Newly appointed Secretary for Finance and Economic Development, Dr Jean-Michel Piovanetti stated that the government must address domestic macroeconomic policy before it moves to make any moves on the international market. He explained that Keymon's relatively open economy opens it up to external shocks, well beyond the control of the central government. From price shocks in commodities to market uncertainty brought about by the in-fighting among the world’s large economies, Keymon’s economy remains at the will of the international market and to a greater extent, the world’s leading economies. Although there has been a significant discovery of natural gas deposits within reach, the operationalisation and subsequent profitability of Keymon’s advance into the natural gas/LNG industry remains uncertain amidst a clear lack of investment from foreign partners which has led to the state-owned natural gas company to extract, refine and export the aforementioned deposits on its own. Nonetheless, Secretary Piovanetti notes that the government’s macroeconomic policy is based on the concept of expansionary fiscal policy or “going big”.

Infrastructure remains a major centre piece of the government’s economic recovery model. It believes that through targeted investments into infrastructure projects such as housing, road infrastructure, airport and seaport infrastructure, the keymonite government would certainly see the benefits from increased activity in the domestic economy and potentially increased returns once said investments are materialised and operational. Secretary for Infrastructure and Transport, Alarico Grippi explained that underneath the oversight of the Department of Infrastructure and Transport, the much acclaimed National Highway System had been completed, thus allowing for trade and economic activity to flow through the nation at a much faster pace. “The National Highway System allowed for communities which had all been forgotten, to partake in Keymon’s economic development. Communities which once had to contend with poor/decrepit road infrastructure were now presented with high-quality, frequently maintained infrastructure, thus allowing for them to have greater access to the streams of economic activities shifting throughout the country.” The secretary explained. When asked as to whether the government intends on rolling out a similar project (in terms of scale) for railroad infrastructure, the Secretary stated that the government was in an advanced stage of discussions with municipal authorities and the other bodies on railroad infrastructure. The secretary explained that since keymon did not possess railroad infrastructure, there was a need to introduce institutional reforms before there could be any discussions on placing railroad tracks. He explained, “It is important to recognise that unlike other nations we do not possess an agency which is solely dedicated to regulating the railroad industry. In a similar manner, there has to be consultations/discussions as to the scale of this industry. We must ask ourselves where we would like to see private train operating companies within keymon or whether the government should wholesale nationalise the industry (upon its creation) out of an abundance of caution.” Nonetheless, Secretary Grippi explained that although railroad infrastructure was not at the table for discussions (yet), other projects remain within the government’s glimpse.

  • An expansion of the Jacques Périer International Airport
  • An expansion of the Port of Portu Betania with configurations for Aldemax vessels.
  • The construction of two (2) additional ports for international trade with configurations for Aldemax vessels.
  • The construction of a naval shipyard with configurations for Aldemax vessels.
  • The commencement of the affordable public housing scheme.
  • The construction of three (3) LNG trains.
  • The redevelopment/revitalisation of Monte Primo.
  • The construction of an integrated petroleum complex.
  • The construction of a methanol and urea plant.
  • The construction of a fuel storage facility.
  • The construction of wind and solar farm facilities.
  • The construction of three (3) additional business & innovation parks.
  • An expansion of the University of Keymon collegiate university to allow for the construction of new colleges and campuses.
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Re: Keymon

Postby imperialpearl » Wed Apr 28, 2021 12:54 pm

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Having regard to Keymon’s future in the LNG market, state-owned natural gas company ING has announced that it has been granted approval to begin the construction of its much anticipated LNG liquefaction facility near Portu Betania, commencing what could potentially become the foundation of Keymon’s potential dominance in the global LNG market. ING’s decision to move forward with the 14 billion KED facility comes amidst the government’s previous remarks on keymon’s future in the market. Minister of State for Energy and Energy Industries, Elogio Lucia explained that unlike the global crude oil market which is heavily saturated, the global LNG market is literally untouched. He noted that although there had been numerous companies operating in the industry, there had been no major companies entering the market. “None of the major crude oil players are paying much attention to the global natural gas market mainly due to the fact that the returns/profits from crude oil are far greater from those in LNG. Nonetheless, I believe keymon has a major role to play in this sector as there are numerous benefits coming out of heavily investing into the LNG market,” the Minister of State explained. Roughly 2-3 years prior, ING had discovered a major natural gas find in the Cobra-4, sending shockwaves throughout the domestic market. According to energy analyst Carola Di Biasi, should Keymon develop its LNG industry along the lines of servicing demand from Artania and Seleya, the potential for foreign direct investment (FDI) becomes greater as investors would begin to see keymon as both a major hub for LNG and a major player in the industry. The plan’s construction is expected to begin in the coming days. ING Chairman Martino Colantuono noted that the plant would not be sourced by imported natural gas but would be fed from the Cobra-4 field and others as they arise during the company’s exploration exercises. Colantuono notes that due to Keymon’s distance to the Artanian and Seleyan continents, the cost of moving LNG to the two regions is minimal. Discussions are on-going between officials from the Department of Economic Affairs and Communications (as the line ministry for energy related matters) and ING on the construction of pipelines between Keymon and Seleya. According to statements from the Department of Economic Affairs and Communications, it was in deep consultations with the Department of Foreign Affairs and International Cooperation in gauging Likatonian interest in a pipeline between Keymon and Pirland. According to Secretary for Commerce and Industry Claude Héroux, although demand had been increasing in Seleya and Artania amidst the explosion of economic activity on the two continents, traditionally Yingdala and Dovani account for a significant portion of the global LNG demand and thus Keymon must position itself to switch to export to these states should demand in Yingdala and Dovani outpace demand in Artania and the greater Seleyan continent.
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Re: Keymon

Postby imperialpearl » Thu Apr 29, 2021 7:46 pm

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Keymon’s largest chemicals producer, Abbot announced that it had entered into a public-private partnership alongside state-owned ING and Marconi Basic Industries on the construction of a methanol plant in Keymon, which could potentially be the largest methanol plant of its kind. Via a press release to the media, Abbot stated that following months of negotiations between ING and Maroni Basic Industries, the three companies (known in this case as the consortium) had agreed to jointly construct and operate the plant through a subsidiary company to be known as “Metanu”. The CEO of Abbot, Bortolo Di Pirro stated that the plant would be designed to produce around 8,000 tonnes of methanol from natural gas sourced from ING. The plant is expected to be built near Portu Betania which would enable it to benefit from a relatively short distance to a major transhipment port (the Port of Portu Betania) and the natural gas pipelines moving out of and leading into the Portu Betania Industrial Estate. The methanol plant, according to Mr Di Pirro, is the first of its kind in Keymon and represents a major shift in the nation’s direction as it pertains to methanol. As mentioned prior, with natural gas being sourced locally there is absolutely no need to import natural gas from external sources to fuel the plant. Traditionally, keymon has had to import 100% of its methanol from external sources, primarily companies in Majatra, however amidst the discovery of natural gas reserves in the Cobra-4 field, there is little need for the central government to burn much needed foreign exchange on importing natural gas and methanol. Secretary for Commerce and Industry, Claude Héroux hailed the project as a demonstration of continued confidence in the government’s management of the economy and growing confidence in the private sector as companies begin to mobilise idle funds towards investment. According to officials from Marconi Basic Industries, the project is expected to cost some 13.5 billion KED and could see some 10,000 temporary jobs being generated during the construction phase and some 1,000 permanent jobs being created once the plant is complete. Chief Investment Officer of ING, Umile Ribaudo stated that the company viewed entering the consortium agreement alongside Abbot and Marconi Basic Industries as a powerful investment strategy which could allow for it to diversify its operations into the methanol market. Mr Ribaudo explained that the natural gas market allowed for numerous opportunities from methanol, ammonia, urea and other related chemicals. He stated that he wanted to ensure that ING could play a role in the aforementioned industries with its newly found natural gas resources, noting that the very concept of keeping ING’s operations solely in the upstream sector would be extremely dangerous to the company’s viability.
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Re: Keymon

Postby imperialpearl » Fri Apr 30, 2021 11:58 am

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Having regard to the current economic hysteria taking place in Yingdala amidst the passing of the “Ownership by the State Act” which saw the nationalisation of numerous sectors of Yingdalan society, Secretary for Finance and Economic Development Dr Jean-Michel Piovanetti is calling for calm among Yingdala’s political commentators noting that a misunderstanding of the effects of the aforementioned act is sending the global economy into windfall. During in an exclusive interview on the global economy and Keymon’s economic future, the Finance Secretary explained that the recent nationalisations in Yingdala have little to no impact on the global economy outside the banking sector, noting that the doom and gloom being painted by Yingdalan economists and the media is an overreaction. He explained that although he had not seen the draft estimates for expenditure and revenue from Yingdala's Finance Ministry nor had he seen any conclusive evidence to support the claim that public debt in Yingdala would increase by 230%, he noted that his focus was primarily on the irresponsible nature of the comments coming from Prime Minister Guiying and its impact on the global economy.
Although I have a lot of respect for Prime Minister Guiying, I simply cannot believe the irresponsible nature of both her comments and actions. The Economic Advisory Board in seeking to understand the true scale of the nationalisations in Yingdala and its impact on the global economy found that much of the proposals were focused primarily on domestic infrastructure, with one (1) policy proposal being aimed at the private sector in the form of bank nationalisation. Yingdalan media sought to paint the nationalisation of domestic infrastructure and banking as the wholesale nationalisation of business activity in Yingdala. The botched figures by the Yingdalan Central Bank almost supports the picture being painted by the Yingdala media and Prime Minister Guiying's overreaction to the situation is sending the wrong signals to the international community. Yingdala is a large economy and thus statements made by the leaders of that nations can have a ripple effect on the global economy. It is extremely damaging to the global economy when economic managers go rogue and attempt to whip-up hysteria and uncertainty in the global economy. The nationalisations in Yingdala are not the end of the Yingdalan economy and the overreaction by Yingdalan economists, media and politicians has to come to end. It seems as though the hysteria is mainly an overreaction to left-wing politics (which is not endemic to Yingdalan politics) than it is a sound review of economic decision-making. The Prime Minister should surround herself with better advisors.

Numerous financial analysts have noted that a certain degree of uncertainty/hysteria is justified as the Ownership by the State Act does not outline the terms for compensation as it pertains to the nationalisation of Yingdalan banks. Senior Financial Analyst for Creditu Klavia, Vilfredo Colaluca explained that nationalisation without compensation would leave the Yingdalan government open to ligitation as companies can challenge the government in the nation's courts for compensation. Former Inspector of Financial Institutions at the Bank of Keymon, Valentina Farruggio explained that although some degree of concern could be warranted, pensioners, lenders and account holders should not be worried. She noted that the nationalisation could potentially see lending be increased to important sectors of Yingdala's domestic economy. Businesses in heavy industry and manufacturing could benefit from increased credit. Underserved communities, she explains, could potentially see an increase in rural banking opportunities as it would be a good move for the government to diversify the portfolios of the state-owned banks into rural banking. Government bonds, according to Ms Farruggio could potentially see an increase as the state-owned banks could potentially increase their investment into these securities. However she warned that the government must ensure that the banks remain profitable, relatively independent (free from political inference and corruption) and accessible to all.
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Re: Keymon

Postby imperialpearl » Sat May 01, 2021 11:15 am

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With a rapidly contracting labour market and here being a need to boost domestic production in the manufacturing sector, Secretary for Finance and Economic Development Dr Jean-Michel Piovanetti and Secretary for Commerce and Industry Claude Héroux announced tax incentives to encourage companies to either introduce automation to their factory machinery or to acquire newer, more modern pieces of equipment to enhance their overall productivity. The measure comes amidst concerns from the government on the pace at which the private sector is taking part in the overall “digital transformation” of Keymon. A survey conducted by the National Statistical Institute found that since the formal commencing of the government’s digital transformation agenda, around 23% of companies currently operating in Keymon have undergone some form of “digital transformation”; be in retooling their websites for online purchases, electronic document filing or introducing automation to their factory processes. According to Secretary Héroux, the government’s digital transformation thrust is intended to allow for the private sector to retool their processes as the government transitions the economy towards a digital foundation. “The digital transformation agenda as originally conceptualised by Camilla Messa would establish the government as an enabler of the digital economy and would seek to detach the government from being the main (and sometimes only) force pushing innovation in the public and private sectors.” Secretary for Economic Affairs and Communications, Professor Camilla Scalia explained. The tax incentive, according to Secretary Héroux, would incentivise the private sector to pivot towards automation and introduce numerous other technological solutions to their respective businesses. Professor of International Trade at the University of Keymon (Portu Betania), Dr Bruto Casali highlighted that the incentive would encourage Keymonite companies to remain within Keymon and to expand their domestic production instead of outsourcing its manufacturing to extra-regional countries such as Yingdala, Dorvik, Hutori and others.

However, several labour economists had warned that aggressively encouraging automation in domestic factories would create an opportunity/employment crisis. Prominent labour economist and industrial relations expert Dr Natalia Giacometti warned that when the job market grows many persons could potentially be locked out of employment opportunities due to automation as factories would prefer introducing a robot to their assembly lines rather than a human being. She also warned that aggressively encouraging automation would run the risk of employers making significant deductions in pay to their human employees. “Should there be a massive push towards automation by the private sector, we don’t want to land in a situation whereby although automation’s role in the labour market is increasing, labour wages are decreasing.” Dr Giacometti explained. Secretary for Labour, Berthe Marchant in answering media questions on Dr Giacometti’s concerns, noted that the tax incentives as outlined by Secretaries Piovanetti and Héroux was not permanent but temporary — set to remain in the tax code for 5-10 years where, following its lapse, a formal review of the incentive’s effect is expected to take place in determining whether the tax incentive should remain in the tax code, be altered/amended or removed entirely. Minister of State for Tax Policy and Administration Lisette Dieulafoy stated that the government would be seeking to introduce a series of tax incentives in the future. She hinted at a potential tax incentive aim at encouraging companies to convert to an e-payments system. She explained that the e-payment system for Keymon had already been built and the market under constant observation and review by both the Bank of Keymon and Department of Justice. “Although I am by no means an economist, I have been in the taxation business for much of my adult life. Economists like Dr Piovanetti, Dr Giacometti and Ms Marchant will agree that the people generally respond to incentivisation and thus tax incentives are necessary if we are to encourage a shift in both the mindset and structure of our domestic economy.”
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Re: Keymon

Postby imperialpearl » Thu May 06, 2021 12:23 am

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It is clear that the government intends on building keymon economic recovery and development on the back of infrastructure development. From an expansion to existing road infrastructure to the construction of improved drainage throughout the nation, infrastructure development allows for the government to tackle numerous issues at once. By embarking on ambitious infrastructure development projects the government stimulates activity, creating demand in the domestic economy and also addressing much-needed concerns on the standard of living in Keymon. The private sector benefits from increased demand and economic activity, whilst the public benefit from improved infrastructure. On the backdrop of this philosophy of expansionary fiscal policy through infrastructure development, Secretary for Housing and Urban Development Gerardo De Meo, Secretary for Finance and Economic Development Dr Jean-Michel Piovanetti and Secretary for Infrastructure and Transport Alarico Grippit announced the government’s ambitious housing programme as it moves the infrastructure development programme into another phase. The Social Housing Development Plan, as it is being coined, would see the government attempt to construct some 2 million housing units in the coming three decades with the intention of curving the increasing trend of homelessness downwards and ensuring equity and affordability to the housing market in Keymon. The plan is built on a public-private partnership model whereby the Housing Development Corporation, the state agency responsible for the construction of social housing throughout Keymon and numerous municipal and private sector companies will engage in joint programmes aimed at constructing affordable homes. A tier system has been established to determine the scale of some of the projects which could potentially come out of the SHDP. The Housing Development Corporation is expected to handle large housing schemes such as apartment complexes alongside private firms, while municipalities are expected to construct townhouses, detached homes and single units homes. Secretary for Housing and Urban Development, Gerardo De Meo stated that since his appointment as Secretary, the Department of Housing and Urban Development had embarked on a major reform programme as it pertains to building codes and general housing standards. He stated that having regard to deep consultations conducted by the Department, a new building code had been established with rigorous housing standards after a review of the previous system found that the standards of the past were not suitable to those of today.

Alongside the construction of new housing units comes the government’s support mechanisms for persons seeking to construct homes of their own. Secretary De Meo stated that with the formation of the National Housing Bank out of idle finances from the government’s takeover of numerous banking institutions in Keymon, the government can begin the process of becoming directly involved in the housing market through a policy implementing agency. The National Housing Bank, according to Secretary De Meo, would allow for persons to access numerous financial assistance schemes such as start-up loans, housing allowances and other related schemes. Secretary for Finance and Economic Development Dr Jean-Michel Piovanetti stated that although the National Housing Bank would exist as an agency independent of both the Department of Housing and Urban Development and the Department of Finance and Economic Development, it will remain underneath the supervision of the Bank of Keymon. Dr Piovanetti stated that the bank had been created with the intention of being a virtual mortgage bank, with a large percent of the funds currently within the banks possessions coming from liquidated assets from the nationalisation of Banca di Creditu Naziunale (National Credit Bank). He noted that although the institution’s foundation is rooted in mortgage financing, it is also responsible for crafting policy on affordable housing. CEO of the National Housing Bank, Maxence Grosjean stated that of the 900 million KED mobilised for the bank, it intends on orienting some 20 million towards encouraging municipal councils, county councils and city corporations to make provisions for temporary housing accommodations for the homeless. Grosjean stated that investing in the nation’s homeless will be an extremely powerful move for any corporate entity noting the potential turnaround should said homeless persons benefit from the relative stability arising from certainty in the fact that he/she has a roof over his/her head when the night comes.
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Re: Keymon

Postby imperialpearl » Fri May 07, 2021 7:42 pm

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Tax avoidance continues to be a major hindrance to the relative efficiency of the government’s revenue collection service. The Keymonite Revenue Authority estimates that due to weak taxation laws domestically and a lack of cooperation with foreign tax administrations, the Keymonite Government loses some more than 12 billion KED in revenue, with a large percentage of the tax avoidance coming from major businesses/companies. Director-General of the Keymonite Revenue Authority, Dr Vittorio Fisco noted that having conducted an investigation into tax avoidance by numerous companies operating in keymon it was found that many of the businesses being investigated had shifted much of their profits to extra-regional nations, thus reducing the amount of money which the Revenue Authority can recover from taxation. Concurrently, the Revenue Authority is empowered to conduct investigations, forward the findings of their investigations to the Public Prosecutor General and levy sanctions (in the form of penalties) against companies when it has been proven that they have indeed broken taxation law. Secretary for Finance and Economic Development Dr Jean-Michel Piovanetti stated that the public finance situation in Keymon is becoming increasingly stressed amidst numerous shortfalls in revenue due to the general economic situation and a significant reduction in revenue collection. He explained that the shortfall in revenue from taxation is threatening to derail much of the government’s infrastructure development projects in the coming decades. It has been estimated that should the situation continue on its current trajectory or potential increase in scale, Keymon would have lost out on some 103 billion KED in potential tax revenue within a 15 year period. Chairman of the Economic Advisory Board, Dr Cédric Le Sueur noted that the board had been in deep consultations with numerous key stakeholders on forming policy to address the situation. Secretary-General of the Cabinet, Henri Lalande hinted at a potential cabinet reshuffle which could see Minister of State for Tax Policy and Administration Lisette Dieulafoy transferred to the vacant position of Deputy Secretary for Finance and Economic Development and Consolata Mineo, a career tax auditor be appointed Minister of State for Tax Policy and Administration. Secretary-General Lalande stated that although Dieulafoy’s experience as an accountant was valuable to the General Directorate for Tax Policy and Administration, Dr Piovanetti believed that the Directorate would be better served through an experienced auditor who can assist in crafting policy to tackle tax avoidance.
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Re: Keymon

Postby imperialpearl » Tue May 18, 2021 3:14 pm

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The risk of bank failure looms over the Keymonite banking sector. Having withstood numerous contractions and consecutive depressions, the long-term stability of the Keymonite banking sector is in doubt. Without significant reform to the sector, its growth and stability could be hindered by numerous market shocks caused by events that could very well be out of the control of the Keymonite Government. For example, bank failures in the world’s largest economies could potentially send ripple effects to banks in Keymon and henceforth reduce confidence in the banking sector’s ability to withstand shocks. Earlier this morning, on the backdrop of the need to formally begin the process of establishing a robust regulatory framework for ensuring keymon’s banking sector remains stable and it’s capable of withstanding future shocks of greater magnitudes, Secretary for Finance and Economic Development Dr. Jean-Michel Piovanetti and Governor of the Bank of Keymon Dr. Emma Cuvillier announced that the Bank of Keymon would begin stress testing all major financial institutions in Keymon to ensure that they are prepared to withstand future shocks and to build resilience in the domestic banking sector. The decision comes on the heels of a similar decision to be imposed on the securities market by the Keymon Securities and Exchange Commission. Dr. Cuvillier explained that the stress tests would be conducted by the Bank of Keymon’s Inspectorate of Financial Institutions on an annual basis and would seek to determine a financial institution’s ability to withstand numerous market shocks whilst also maintaining the supply of credit to lenders and credit holders, even in times of serious uncertainty. Inspector of Financial Institutions, Dego Fioravanti, in underscoring Dr Cuvillier’s point on the purpose of the stress tests, elaborated on some of the ways in which banks tend to fail. He noted “bank runs” occur whereby depositors withdraw all of their cash from their accounts within a given bank (often in times of panic), thus triggering a liquidity crisis as the banks would not have the necessary liquidity to meet the demands of their depositors. Another way banks tend to fail is due to credit crunches wherein some banks would be deemed too fragile for other banks to commit to loan agreements. Mr. Fioravanti explained that the Inspectorate’s stress tests would ensure that banks are capable of steering clear of the aforementioned failure scenarios and charting a long-term course towards continued financial stability. To preempt the public announcement, the Inspectorate of Financial Institutions conducted a preliminary stress test on 10 of Keymon’s largest financial institutions. Mr. Fioravanti explained that in the instances where banks are incapable of clearing the minimum capital ratio they must aggressively move towards increasing their capital reserves. Fioravanti added that banks will be given a reasonable timeframe to increase their capital reserves, noting that failure to do so within the prescribed time frame would result in heavy fines.

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Re: Keymon

Postby imperialpearl » Tue May 18, 2021 3:26 pm

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With the aim of supporting its developing LNG and logistics industry, the Keymonite Government has announced its expansion into the maritime industry. Earlier this morning, during a joint press conference at the Palazzo del Governo, Secretary for Infrastructure and Transport Alarico Grippi, Secretary for Economic Affairs and Communications Professor Camilla Scalia, and Secretary for Commerce and Industry Claude Héroux collectively announced the government’s plan to develop the shipbuilding and repair industry in Keymon, with the aims of taking full advantage of Keymon’s geographic and geopolitical location as the government aims to mount a powerful economic revival. The decision to construct the shipyard comes amidst decades of deep stakeholder consultations among various logistics companies operating in Keymon such as MDS (Mad Dog Shipping) and KIL (Keymon International Lines), international trade, and geopolitical experts from the University of Keymon on the project's viability. The local shipbuilding and repair industry believes that Keymon’s positions as a transshipment point between the continents of Artania and Seleya would allow for it to truly pivot towards becoming a global logistical hub. As mentioned prior, it is believed that the construction of the shipyard would enable Keymon’s LNG industry to expand well beyond its borders. According to Secretary Héroux, due to a lack of pipeline infrastructure between Keymon, Artania, and Seleya, much of the LNG produced in Keymon would have to be exported to the aforementioned markets via LNG carrier. He noted that Keymon could have a controlling interest in the global LNG carrier construction industry, recognising that no nation has solidified its position in the market. He also noted that through the shipyard, Keymon could potentially enter the crude oil tanker construction industry. He explained that current trends in the global crude oil market suggest a slowdown amidst the idling of plants in the world’s major crude oil producers. He noted that due to the relative saturation of the crude oil market, the storage of crude oil in tankers and onshore infrastructure could soon become a reality as trends suggest that the crude oil market could be entering a long-term saturation period. The shipyard would allow for additional opportunities in the area of ship repairs. Secretary Héroux explained that the expansion of the Aldegar Canal would see (1) increased outlaws of trade through the canal and (2) larger vessels. It is expected that the shipyard would possess facilities to accommodate Aldemax vessels. The shipyard’s construction is expected to cost around 5.6 billion KED with an expansion of its facilities to come some 10-20 years after its completion.
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Re: Keymon

Postby imperialpearl » Tue May 25, 2021 2:20 pm

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Newly appointed Secretary for Commerce and Industry, Bandino de Alberinis announced that Keymon would be establishing a trade and investment office in Fort William, Luthori as a part of the central government’s drive towards promoting market penetration into new and emerging markets by keymonite businesses and attracting foreign direct investment into the country. The decision to open the trade and investment office comes amidst Luthorian Prime Minister, Tommy Brewer’s visit to the nation weeks prior. According to the Secretary, following in-depth discussions with the Luthorian Prime Minister during his visit, both governments agree to continue to work towards greater economic cooperation. The Secretary underscored the importance of Luthori’s considerably large population to the Keymonite economy. “Luthori, as a consumption-based economy represents a major percentage of Keymonite exports. With a population well over 147 million, we believe that there is room to pivot towards reorienting the vast amount of Keymonite exports to accommodate the needs of Luthori’s increasingly growing population,” the Secretary explained. He noted that concurrently, Dorvik remained Keymon’s largest trading partner on the Artanian continent, with more than 45% of Keymonite exports going directly to Dorvik. In explaining the current situation as it pertains to relative market activity in Dorvik, the Secretary noted that markets such as those in Luthori and Malivia were relatively unexplored by Keymonite exporters. The trade and investment office in Luthori, aside from encouraging trade and investment between Luthori and Keymon, will also be responsible for diplomatic liaison between the two states until the formal reestablishment of an embassy in Fort William. Benino Calvacanti stated that one of the first initiatives he intends on rolling out following his formal appointment as Trade Commission to Luthori would be encouraging Luthorian companies to seek out the advice of Keymonite companies in areas such as financial services, the internet of things, and manufacturing. He noted that as Keymon continues to build out its manufacturing sector through heavy incentives and subsidies in some instances, Luthori offered a skilled labour pool that could allow for Keymonite companies to establish large factories in the said nation or encouraging Luthorian citizens to transfer to Keymon to work in Keymonite factories. In seeking to establish Keymon as a major maritime logistics transshipment hub, the central government has intensified the establishment of trade offices in major economies throughout the world. Trade and investment offices in Deltaria, Istapali, and Narikaton/Darnussia are currently being contemplated by the Department of Commerce and Industry, with negotiations between the respective governments and the Department of Foreign Affairs and International Cooperation set to begin soon.
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