The Market: News for 20 November 4291
Chancellor Inducts Dankuk President, Kazulian Humanitarian into Order of Friendship
Order of Friendship (Credit: Chancellor's Office)
TIAN’AN, Han - Today the Chancellor formally inducted former-President of Dankuk Alfredo de la Cruz and Bernhart Hofmeister of the United Developmental Assistance Programme into the Order of Friendship for their assistance and solidarity during Typhoon Yutu. Speaking to media about Bernhart Hofmeister, the Chancellor said:
Mr. Hormeister has lived a life committed to the benefit of all mankind, first as an aid worker with the Dorvish Ministry of Foreign Affairs, and now with the UDAP, which he co-founded. The people of Indrala are grateful for his service during the aftermath of Typhoon Yutu and for the important work he does all around the world. I would also be remiss not to extend my gratitude to Mr. Detlef Kachel, Minister Kristine Stennes, Gasstrien and Asvald Gruppen for the role they played in enabling Mr. Hofmeister to carry out his work in Shu.
Speaking of President de la Cruz, the Chancellor said:
Truth be told, I sincerely hope that our friend, President de la Cruz, is able to be re-elected in the upcoming Dankuk election, especially given theracist, discriminatory policies coming from the National Conservative Party. President de la Cruz has stood up for liberal values and he put forward a vision for the important role that Dankuk plays in Dovani and around the world. President de la Cruz is committed to a better future for Dankuk so that all its people may walk the flower path.
Breaking with tradition, First-Lady Kim Bo-young spoke to media yesterday, where she discussed the political situation in Dankuk. Kim is a Kyo refugee from Hulstria, who came to Indrala to avoid the persecution against Gao-Showan peoples there. Other members of her family fled to Dankuk, where they would have to later flee to Indrala following the rise of the Juche regime.
Kim Bo-young: Legislation coming from the National Conservative Party in Dankuk is deeply concerning. It is reminiscent of the discriminatory policies of Hulstria,
which caused my family to be divided for many years. Xenophobia is a false ideology and it must be opposed wherever it begins to grow.
Kim Bo-young and her husband, Chancellor Huang (Credit: Southern Voice)
PROMISE KEPT: Lotus Party Government Privatizes Banking Sector
CEO of TQ Group and head of the Tang Family Tang Wu gives a thumbs up from the Tian'an Stock Exchange trading floor as his company's stock soars: TQ Group intends to start a banking division. (Credit: The Market)
TIAN’AN, Han - Gaining all-party support, the Lotus Party's financial sector deregulations were passed. This legislation will allow for private banks to operate within Indrala once more, after the last Republican government, nationalized the financial sector following pressure from its populist base. The TSEC jumped to a three-year high of 3688.32 as of close, as many caifu conglomerates and investors declared their intention to enter the financial market.
The Lotus Party's bill also restructures the central bank, allowing for greater autonomy.
Xiandai Executives Offer Subdued Apology for 4282 Bribery Scandal
Xiandai Executives offer apologetic bow(Credit: The Market)
HAZHOU, Shu - In a press conference today, three Xiandai Group executives offered an apology for their involvement in the 4282 Bribery Scandal which saw criminal convictions for many high-ranking Republican Party officials. Public sentiment has been mostly negative with regard to the Xiandai Group, as no one within the group or powerful Wang caifu family which owns the group, has been charged (despite the CFO Wang Junpyo being called in for investigations and Xiandai Group HQ being raided by the SPS, his arrest warrent was rejected and eventually all charges were dropped).
Duan Jingyi, COO for Xiandai Group: On behalf of Xiandai Group, we apologize for the way in which this unfortunate event was characterized in the court of public opinion. It is regrettable that the Supreme Prosecution Service began their investigation in an overly public and aggressive way, despite our company offering our full and total support. For the way in which this so-called scandal has damaged the dignity of our workers, we apologize.
The Xiandai Scandal, as it became known, would eventually topple Chancellor Xuan Shuren and drive leftist activists in Indrala to call for massive regulation on the caifu system and economic model, despite the obvious damage this would cause to our economy.