Yingdala

[Liu Che/Zhuli]

Government Meets with Domestic Firms Asking Them to Take Global Market Share as Hubris War Ravages On

The Royal Council met with hundreds of leading Yingdalan businesses over the weekend to brief them on the state of the Hubris War between Lourenne and Beiteynu and its impact on Yingdala. Excluding the already known economic impact and current policy measures to mitigate it, the government, led by the Counsellor-in-Chief himself, noted the war could have a positive, albeit still tragic impact, on Yingdala: the opportunity to claim other countries’ market shares.

Several messages were conveyed to convince Yingdalan businesses to expand domestically and internationally - and to start taking advantage now:
1. Yingdala, despite the economic turbulence which has hit all nations, is physically unscathed by the war.
2. It is the largest economy to have directly and indirectly, preserving relationships and opportunities for expansion.
3. The already relative decline of the Beiteynu bloc leaves sectors and global business open for taking.
4. Moving now will help Yingdala’s economic recovery - allowing it to recover faster.
5. Expansion is imperative for the people’s livelihoods - the highest duty for Yingdalan firms.

No doubt, one of the first industries Yingdalan champions will seek to take is shipping. Given Yingdala’s status as a trading nation regularly expanding trade ties, this makes the most sense. The country’s series of ports and dockyards - for it is an island - make it uniquely placed to fill the gap.

Other industries - such as media, pharmaceuticals and healthcare, construction and engineering, education, tourism and hospitality, and agriculture - will also likely move quickly to fill needed gaps. These will be especially needed to help Terra recover from the conflict.

If anything, this conflict has shown Jienism’s benefit to Yingdala. By focusing on the people first, the people benefit. And they will do so through the growth of Yingdalan commerce.

[Liu Che/Zhuli]

Policy Rate Steadily Climbs to 3% to Stave Off Lingering Inflation

Since the end of the Hubris War’s fighting, the Central Bank of Yingdala has steadily raised interest rates north of the 2% target to 3% amid an attempt to cool lingering inflation. Although not as severe as during the Aldegar Canal Crisis, thanks largely to Yingdala not being a party to the war and its trade diversification, the impact on Yingdala’s economy was noticeable - including inflationary pressures.

Excess domestic supply and liquidity led to inflation rising briefly over 3.5%, manageable buy still not ideal for optimal economic activity. While these are easing for now, the rate increase should help ensure firms sell off their inventories and encourage the population to save more than spend - for now.

Economists predict four rate cuts of 250bps - returning the rate to 2% - over the next two years. A faster pace is possible if inflations falls quicker.

Tian’an will also continue to diversify its trading partners - with negotiations with Istalia and Jakania proving successful. Surprisingly, Yingdala appears poised to sign onto Beiteynu’s model trade agreement. However, expect negotiations around a separate treaty to boost cultural and diplomatic exchanges.

For now, the government will continue to take a cautious but well trodden path to ensure market confidence remains and strong policy continues.

[Liu Che/Zhuli]

Tian’an Stock Exchange Establishes SME-Only Market - the First in Terra

In yet another historical first, following the establishment of Terra’s first centralized bond market, the Tian’an Stock Exchange announced the establishment of the Dazhong Stock Exchange, Terra’s first and only stock exchange limited to small and medium sized enterprises (SMEs). The establishment follows the government’s policies to promote and invest in SMEs as a life blood of the Yingdalan economy.

The Dazhong Stock Exchange, or DSE, is expected to increase SME access to capital. Initial public offerings will be limited to firms with less than 10 million LOD in revenue or less than 500 employees. Firms can be “upgraded” to listings on the Tian’an Stock Exchange or the Kaizhou Stock Exchange if these two criteria are exceeded or market capitalization reaches 1 billion LOD.

With increased access to capital, Yingdalan SMEs are expected to increase investment and expansion - generating more jobs and boosting economic growth. As an often forgotten category of business, SMEs are significant job creators and economic engines for the Yingdalan economy. With more support, local SMEs will further cement their important role. Moreover, greater support will further stabilize the Yingdalan economy and provide more insulation from international economic shocks through a more circular economic model.

Indeed, more investment and expansion will also likely lead to more innovation. SMEs are much greater risk takers than established corporations and are willing to - if not forced - to innovate to survive. The potential knock on benefits are unlimited - especially in the technology sector which the government hopes to expand. Productivity increases here are the prime goal.

International firms may choose to list on the DSE as well, increasing Yingdala’s heft in international finance. While it may not be as strong of a leader on large business loans and markets, Tian’an is establishing itself as a leader in all areas of non-big finance.

Tian’an’s leadership on yet another economic exchange will also draw further power and influence from Kaizhou. Already, Tian’an has the most cultural and political power in the country, but Kaizhou has managed to hold onto economic centrality. This may now be in question, which would put the more liberally minded (for Yingdala) north at a further disadvantage to the more traditional south.

Yingdalans and the people of Terra will have to wait and see the full impact. But how could anyone disagree with providing more support to mom and pop?

[Liu Che/Zhuli]

Yingdalan Genealogists Flock to Aldegar to Help Find a Shah

In accordance with the Yingdala-Aldegar Treaty of Friendship’s cultural provisions, several hundred Yingdalan genealogists have descended upon Aldegar to help a new commission discover potential candidates for the Shahdom.

Though not caring at an official level how Aldegar chooses to govern itself, Tian’an would certainly be pleased to see some recognition of Aldegar’s monarchical heritage. This would be even more so should a Panmuan be selected, which would very likely make Yingdala and Aldegar closer.

Already, Yingdala’s seats - both directly and indirectly controlled - on the Aldegar Canal Council and other administrative bodies vote for the Aldegarian government’s positions, as the interests of the two parties are aligned. A Panmuan Shah would very likely lead to a massive influx of Yingdalan capital.

Regardless of the choice, Yingdalan genealogical specialists are uniquely primed to help the Aldegarian search. Among Terra, Yingdala places an extremely high importance on maintaining accurate genealogical records for all people. Their research techniques are second to none.

It appears a new era in Yingdalan-Aldegarian relations is about to begin.

[Kubrick]

Ancient friendship rekindled: Yingdala invests in Wrnuke