1 MONGOLIA MARKS CENTENNIAL WITH A NEW COURSE FOR CHANGE WWW.EASTASIAFORUM.ORG PUBLISHED:2024/12/20      2 E-MART OPENS FIFTH STORE IN ULAANBAATAR, MONGOLIA, TARGETING K-FOOD CRAZE WWW.BIZ.CHOSUN.COM PUBLISHED:2024/12/20      3 JAPAN AND MONGOLIA FORGE HISTORIC DEFENSE PACT UNDER THIRD NEIGHBOR STRATEGY WWW.ARMYRECOGNITION.COM  PUBLISHED:2024/12/20      4 CENTRAL BANK LOWERS ECONOMIC GROWTH FORECAST TO 5.2% WWW.UBPOST.MN PUBLISHED:2024/12/20      5 L. OYUN-ERDENE: EVERY CITIZEN WILL RECEIVE 350,000 MNT IN DIVIDENDS WWW.GOGO.MN PUBLISHED:2024/12/20      6 THE BILL TO ELIMINATE THE QUOTA FOR FOREIGN WORKERS IN MONGOLIA HAS BEEN SUBMITTED WWW.GOGO.MN PUBLISHED:2024/12/20      7 THE SECOND NATIONAL ONCOLOGY CENTER TO BE CONSTRUCTED IN ULAANBAATAR WWW.MONTSAME.MN PUBLISHED:2024/12/20      8 GREEN BOND ISSUED FOR WASTE RECYCLING WWW.MONTSAME.MN PUBLISHED:2024/12/19      9 BAGANUUR 50 MW BATTERY STORAGE POWER STATION SUPPLIES ENERGY TO CENTRAL SYSTEM WWW.MONTSAME.MN PUBLISHED:2024/12/19      10 THE PENSION AMOUNT INCREASED BY SIX PERCENT WWW.GOGO.MN PUBLISHED:2024/12/19      КОКС ХИМИЙН ҮЙЛДВЭРИЙН БҮТЭЭН БАЙГУУЛАЛТЫГ ИРЭХ ОНЫ ХОЁРДУГААР УЛИРАЛД ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     "ЭРДЭНЭС ТАВАНТОЛГОЙ” ХК-ИЙН ХУВЬЦАА ЭЗЭМШИГЧ ИРГЭН БҮРД 135 МЯНГАН ТӨГРӨГ ӨНӨӨДӨР ОЛГОНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     ХУРИМТЛАЛЫН САНГИЙН ОРЛОГО 2040 ОНД 38 ИХ НАЯДАД ХҮРЭХ ТӨСӨӨЛӨЛ ГАРСАН WWW.NEWS.MN НИЙТЭЛСЭН:2024/12/20     “ЭРДЭНЭС ОЮУ ТОЛГОЙ” ХХК-ИАС ХЭРЛЭН ТООНО ТӨСЛИЙГ ӨМНӨГОВЬ АЙМАГТ ТАНИЛЦУУЛЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     Л.ОЮУН-ЭРДЭНЭ: ХУРИМТЛАЛЫН САНГААС НЭГ ИРГЭНД 135 МЯНГАН ТӨГРӨГИЙН ХАДГАЛАМЖ ҮҮСЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     “ENTRÉE RESOURCES” 2 ЖИЛ ГАРУЙ ҮРГЭЛЖИЛСЭН АРБИТРЫН МАРГААНД ЯЛАЛТ БАЙГУУЛАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     “ORANO MINING”-ИЙН ГЭРЭЭ БОЛОН ГАШУУНСУХАЙТ-ГАНЦМОД БООМТЫН ТӨСЛИЙН АСУУДЛААР ЗАСГИЙН ГАЗАР ХУРАЛДАЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     АЖИЛЧДЫН САРЫН ГОЛЧ ЦАЛИН III УЛИРЛЫН БАЙДЛААР ₮2 САЯ ОРЧИМ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     PROGRESSIVE EQUITY RESEARCH: 2025 ОН “PETRO MATAD” КОМПАНИД ЭЭЛТЭЙ БАЙХААР БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     2026 ОНЫГ ДУУСТАЛ ГАДААД АЖИЛТНЫ ТОО, ХУВЬ ХЭМЖЭЭГ ХЯЗГААРЛАХГҮЙ БАЙХ ХУУЛИЙН ТӨСӨЛ ӨРГӨН МЭДҮҮЛЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/19    

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Events

Events

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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Mongolia extradites a former Minister from Philippines www.news.mn

Mongolia will bring home 92 officials this year in a campaign dubbed “Bird”, pursuing them abroad as part of a wider crackdown on deep-rooted graft. Therefore, Mongolian law enforcements extradited T.Badamjunai, 67, in cooperation with the Bureau of Immigration (BI) of Philippines on Wednesday.
BI officials on Tuesday arrested T.Badamjunai after receiving information from the Mongolian Police that the official is staying in Cebu. Mongolian government “also canceled his passport, rendering him undocumented.”
Consequently, T.Badamjunai was deported on Tuesday night via a Korean Airlines flight from Mactan, Cebu, upon the request of Mongolian authorities.
T.Badamjunai served as the former Minister of Food, Agriculture and Light Industry in Mongolia.
 
 
 
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Decisions Made at The Cabinet Session www.montsame.mn

During its regular session on April 5, 2023, the Cabinet made the following decisions:
Prime Minister’s Order to Intensify the Anti-Corruption Operations Issued
The Government of Mongolia has declared 2023 the “Year to Combat Corruption" and started the five “W” operations. Minister of Digital Development and Communications N. Uchral presented on the process of “Wide-Open” Operation, aimed at ensuring citizens’ rights to search and obtain information at the Cabinet Session. Following the presentation, the Prime Minister’s Order to intensify the “Wide-Open” Operation was issued. In pursuit of the Order, the Cabinet members, governors of aimags and capital city, Head of the Government Agency for Policy Coordination on State Property and Regulation, and Director of Government’s Special Fund were mandated to submit the following information to the Minister of Digital Development and Communications within June 1, 2023. These are:
Certificates of land use issued in specially protected areas, environmental impact assessments of economic activities carried out by individuals and legal entities in this area, their agreements, and payment history of land fees;
Certificates of Building Commission issued by the State Commission certifying that the building has been completed;
Structures of the board of directors and supervisory boards of state or locally-owned legal entities, detailed information about their members, including full name, amount of salary and incentives, and contacts, requirements for management of this type of legal entities and their recruiting procedures, recruiting calendars and detailed information on applicants;
Information on the expenditure of the Government’s special fund and financed projects from the fund, along with related decisions.
Minister of Digital Development and Communications N. Uchral was tasked to oversee the implementation of the Order, consolidate information, and present the process at the Cabinet Session in June 2023.
Ch. Khurelbaatar: The resumption of border ports and increased exports impacted the foreign exchange (forex) reserves to increase
Minister of Economy and Development Ch. Khurelbaatar briefed on the completed work since the adoption of the Government Resolution No. 362 on Measures to Increase the Foreign Exchange Reserves. According to the presentation, the forex reserves, which fell to USD 2.5 billion in September 2022, have reached USD 3.4 billion as of end of March 2023. The resumption of border ports and increased exports mainly impacted the forex reserves to increase. As of the first three months of 2023, 14 million tons of coal have been exported, an increase of 10 million tons and 2.5 million tons compared to the same period of last year and 2019, respectively.
Science sector’s participation to be prioritized in the implementation process of the mega projects
The Government Resolution on Measures to be taken in the Science and Technology sector in order to implement the targeted programs of the “New Revival Policy”, based on public-private partnership and active participation of the science sector, was issued.
As specified in the Resolution, making a list of projects, which can be completed by domestic science organizations and scientists, such as developing new technologies to process and concentrate mining products, construction technology of natural gas pipelines, and new technologies for improving agricultural and food product supply chain, as well as conducting feasibility studies for the mega projects, was mandated to the line ministers.
Draft Law on Supporting Cultural and Creative Industry
A Draft Law on Supporting Cultural and Creative Industry was discussed and the members of the Cabinet agreed to submit it to the State Great Khural.
The Draft Law will regulate all issues related to developing the cultural and creative industry, improving the competitiveness of value-added and import substitution products and services, and enhancing the legal basis to promote and manage the cultural and creative industry. Upon the adoption of the Draft Law, a favorable environment, where the cultural and creative industry can thrive and be commercialized, will be created.
Brief News
The Cabinet discussed a Draft Law on the Ratification of the General Financing Program between Mongolia and ADB (Loan Plan 2022-2023) and agreed to submit it to the State Great Khural.
The World Export Development Forum will take place in Ulaanbaatar between June 26 and 29, 2023. Drafts of the Letter of Exchange and Memorandum of Understanding between the International Trade Centre and the Ministry of Economy and Development were discussed and decided to grant the signing right to Ch. Khurelbaatar, the Deputy Prime Minister and Minister of Economy and Development.
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Public Service Empowerment Project launches www.montsame.mn

To effectively manage the public service and empower public employees, the Government of Mongolia in cooperation with Korea International Cooperation Agency  (KOICA) launched the project "Strengthening Performance Management System of the Civil Service of Mongolia" on April 4.
Chief of the Cabinet Secretariat of the Government D. Amarbayasgalan, Deputy Chief of the Cabinet Secretariat of the Government D. Batbaatar, Head of the Government Control Implementation Department D. Baasandorj, KOICA Deputy Representative Lee Kansan, Project's General Manager Park Kyung Bae, and other officials took part in the project launching. The project will be implemented in four components: strengthening the human resource management capacity of the public service, improving the leadership and management skills of the managers, improving the performance management system of the public employees, and developing and using digital system for performance management.
The Republic of Korea ranks third in the world in terms of human resource management in the InCiSE Index, which represents the efficiency of the public service, and ranks first in the use of digital databases in human resource management. Therefore, Mongolia should learn from the experience of this country in increasing the efficiency of the public service and in the development of E-governance, emphasized the Chief of the Cabinet Secretariat.   
Project’s General Manager Park Kyung Bae noted that the main result of the project would be making the public service of Mongolia capable to provide quality services to its citizens. The public service empowerment project will last until 2025. As part of the project training for employees, textbook delivery, consulting services, and study visit in South Korea are planned so far. It estimates that 69,181 public employees will directly benefit from this project. Officials expressed their belief that with the successful implementation of the project, the performance evaluation of public employees will get more realistic, and work efficiency will improve.

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Sky's the limit in Mongolia, the Land of the Eternal Blue Sky www.fiba3x3.com

The fact that Mongolian basketball is on the rise isn’t a secret. Anyone who has been even remotely paying attention will have noticed by now, but in any case, it’s becoming clearer and clearer.
Mongolian basketball was directly in the spotlight once again over the weekend as the men’s 3x3 team played in a battle for the ages at the FIBA 3x3 Asia Cup 2023 in Singapore and won the title for the second time in the history of the competition.
The FIBA 3x3 Asia Cup men’s title is obviously a highly coveted achievement for the national team program, but it’s only one of the many success stories for Mongolia in just this past year alone - further emphasizing that the sky really is the limit for the “Land of the eternal blue sky”.
FIBA 3x3 Asia Cup glory
There’s no doubt that any time that you win a competition while representing your nation is awesome, so Mongolia winning FIBA 3x3 Asia Cup 2023 is special but there’s a bit more to it. Not only was it the first time since 2017 that Mongolia had won the competition, but it was also the first time since 2017 that Mongolia had beaten Australia in the 3x3 Asia Cup, too.
To add more context about how much this meant for Mongolia, they had lost in the Finals of both the 2018 and 2019 editions of the event to Australia. This was revenge that the team had been craving after so many years.
FIBA Asia Cup 2025 qualification next?
Success in the 3x3 scene is not something new for Mongolia basketball, however. As mentioned, it was already their second 3x3 Asia Cup title and their fourth time playing in the Grand Final.
What was new this past year for Mongolian basketball was the participation in the traditional full-court competition. The team’s participation in the first window of the FIBA Asia Cup 2025 Pre-Qualifiers last November was the senior men’s national team’s first appearance in a FIBA Asia competition ever.
Additionally, it was more than just being a part of the competition for Mongolia. They also succeeded to qualify for the Asia Cup 2025 Qualifiers, where they will now get the chance to go up against another tier of competition that have played in the Asia Cup - or even the World Cup.
Gracious host
Another milestone for Mongolia basketball at the Asia Cup Pre-Qualifiers aside from reaching their goal of advancing was the fact that both the November and February windows were hosted in Ulaanbaatar.
The fans put on display how hungry they were for basketball and the players - from all teams - fed off that energy to give them a show. This is a more than positive sign moving forward for the Asia Cup Qualifiers in which the games will be played in a home-and-away format.
Girls got game
It’s not only the men’s teams that have been soaking in the spotlight. The women are on the rise as well, highlighted by the performance of their U18 women’s national team.
In the U18 women’s Asian Championship 2022 Division B in Bengaluru, Mongolia made a memorable run all the way through to the Final before losing in a close game to Malaysia. Even if they were not able to claim the title and hoist the trophy at the end, the fact that Mongolia had made it all the way to the championship game in their first-ever run in the competition spells how much potential these young women have.
One-of-a-kind
Another success story for Mongolia basketball has been the journey of Mike Sharavjamts.
The 20-year-old is one of the best players to ever come from Mongolia, a statement that is supported by the fact that he is the first player ever from Mongolia to play in NCAA Division 1. He also had a relatively successful freshman year averaging 5.6 points and 2.6 assists per game for the Dayton Flyers, which was good enough for him to be named to the Atlantic 10 Conference All-Rookie team after starting 20 of his 30 games played.
Sharavjamts recently announced that he would no longer be with Dayton for the upcoming season and will enter his name in the NBA Draft this year, but he will still have his options open in the NCAA transfer portal as well. Whatever the case, it will be an exciting next chapter for Mongolian promising prospect and for Mongolia basketball as a whole.
“To the entire nation of Mongolia, I appreciate all the love and support. Hopefully, I have made you proud and will always represent Mongolia at the highest level,” Sharavjamts wrote in his Instagram post.
FIBA
 
 
 
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U.S. Army Advisors Strengthen Partnership in Mongolia www.army.mil

Two Advisor Teams from 2nd Battalion, 5th Security Force Assistance Brigade partnered with the Mongolian Land Forces Command during a multi-month rotation into theater beginning in October 2022, focused on strengthening Mongolia’s peacekeeping operations and Non-Commissioned Officer development initiatives.
Since early 2021, 5th SFAB has maintained a persistent partnership with Mongolia’s LFC, the army component of the Mongolian Armed Forces.
The two teams that employed to support this partnership over the course of the current force package are Company Advisor Team 5220 and Maneuver Advisor Team 5223.
“Both CAT 5220 and MAT 5223 have been employed in Mongolia before,” said Maj. Steve Morse, Team Leader for CAT 5220. “We benefit immensely from the country experience and continuity of relationships on both teams this persistent partnership provides.”
Morse is the commander of 5th SFAB operations in Mongolia.
“The continuity enriches our Advisors’ relationships and advising efforts, and with our partners, it ensures we remain closely aligned with their priorities,” Morse said.
In support of those priorities, Advisors have been providing daily advising at the tactical level over the last several months in small unit leadership, interoperability, and NCO development.
Staff Sgt. Richard Kennedy, the team Medical Advisor, is one of several with previous advising experience in Mongolia and noted “previous time in Mongolia helped me to grasp the cultural and army differences better, allowing me to communicate, instruct, and create relationships more effectively.”
Earlier this year, both teams supported a bilateral exercise called “Zev” (meaning “arrow tip”) focused on these training objectives in an extreme cold weather environment – an operating environment with which Mongolia is very familiar.
“The unit commander and I spoke often, and he’d often rib us about the weather,” related Maj. Morse. “‘It says here ‘Extreme Cold Weather training,’ he’d tell me, referring to part of the title of the event. ‘In Mongolia, this is not extreme.’”
In Mongolia, temperatures frequently dipped to -40 degrees and below during training.
“We ensured all our advisors had basic cold weather training, including several with advanced training from the Alaska schoolhouse,” Morse said.
“We combined with the Mongolians’ mastery of the elements and experience, creating conditions for a powerful subject matter exchange opportunity throughout training.”
Staff Sgt. Michael Catanzaro, the Senior Operations Advisor for MAT 5223, and Staff Sgt. Roy Wilson, the team’s Assistant Operations Advisor, completed cold weather training taught by the Northern Warfare Training Center.
The NWTC is located at the Black Rapids Training Site in Alaska, this was an integral part of the team’s preparation for the winter training.
“The [Cold Weather Leader’s Course] covered multiple topics from preventing injuries, to maintaining equipment, to land navigation, all in extreme cold and mountainous terrain,” Catanzaro explained. “The training allowed us to provide a baseline of knowledge to both our own advisors and our Mongolian partners.
Headquartered at Joint Base Lewis McChord, Washington, 5th SFAB Advisors have limited ability to train on cold weather operations.
“This training helped us have an exchange about how to use our issued cold weather gear, prevent cold weather injuries, and conduct combined small unit operations,” Catanzaro said.
Staff Sgt. Wilson, who completed the Isolation Survival Cold Region Course, added, “the exchange of knowledge helped us to understand each others’ gear and equipment and allowed us to conduct squad and platoon operations safely.”
In addition to cold weather training, MAT 5223 also benefited from their experience training with partners at the Joint Pacific Multinational Readiness Center in Hawaii earlier in the employment.
“After JPMRC, the team was in an effective mindset to integrate with Mongolian LFC,” explained MAT 5223 Team Leader, Capt. Dylan Ward.
“JPMRC gave us extra experience in developing programs of instruction to train with a partner force, team resiliency from conducting a field training exercise in austere conditions, and useful context in training small unit operations after seeing partner integration during a real, large-scale exercise," Ward said.
Advisors have also supported Mongolia’s initiatives to expand its NCO development.
“Last summer, in 2022, SFAB advisors supported the inaugural rotation of the Junior Sergeant Course, a course which complements existing NCO education in the Mongolian National Defense University,” describes 1st Sgt. Fernando Villafana, the team’s senior NCO.
SFAB Advisors were integrated into the program of instruction.
“Our team is supporting the current course, with Mongolian instructors-in-training who will begin lead in future courses.”
Sgt. 1st Class Nicholas Rouse, an infantryman currently serving as CAT 5220’s Senior Support Advisor, explained how these initiatives are connected.
“NCO development is an important complementary effort to small unit leadership and peacekeeping operations,” Rouse said. “The NCO training focus on engraining fundamental leadership qualities into junior Sergeants at the squad level. This is critical training to enable them to better plan, prepare and execute tasks at echelon.”
In addition to training, the Mongolians have welcomed Advisors into their cultural and social experiences.
Sgt. 1st Class Lester Reed, CAT 5220’s Fires Advisor, explains: “Cultural activities lets them know that we are invested in them and gives everyone a break from the training. Basketball [a popular sport in both countries] was a great way for them to work as a team and build chemistry.”
“In a particularly special event, the Advisors’ Mongolian partners hosted us for a celebration of Tsagaan Sar (meaning “White Moon,” the Mongolian Lunar New Year),” Morse said. “The Mongolians invited us into a traditional ger, owned by the cattle farmer who provides meat for the local unit.
Advisors had the opportunity to ride horses, help with farming chores, and participate in Mongolian traditions.
“These professional relationships extend beyond Advisors’ efforts while on the force package, as they work together again at other exercises, conferences, or train together again in Mongolia, Morse said.”
The 5th SFAB Advisors of Force Package 23-1 in Mongolia will transition efforts to the next force package to continue the partnership into the Summer of 2023.
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Melting permafrost reveals bodies of ancient Mongolians — and their diets, study says www.news.yahoo.com

The excavation of an ancient cemetery in the mountains of northern Mongolia has shed light on the culture and diet of the early inhabitants in the region, according to a new study.
The cemetery is situated in the permafrost, perennially frozen ground, which allowed for the excellent preservation of human remains dating back to 1206 A.D., according to a study published on March 31 in the journal Communications Biology.
The area, known as the Khorig cemetery, has been excavated by archaeologists and scavenged by looters as the melting permafrost has exposed more and more of the site, researchers said.
The skeletal remains of numerous individuals were found alongside bits and pieces of leather, fur and silk, Alicia Ventresca Miller, the lead author of the study, told McClatchy News.
The discovery of opulent goods, such as a silk robe portraying a dragon, indicate aristocratic individuals in the Mongol Empire were buried at the site, researchers said.
“The dragon on the robe with five claws is specifically something only used for the imperial family, and so it’s a bit strange that it’s that far north,” Ventresca Miller said.
The capital of the Mongol Empire was the city of Karakorum, located hundreds of miles south of the cemetery, according to the journal Antiquity.
A gold Buddha figurine was also uncovered, suggesting Buddhism was a significant aspect of elite society in the Mongol Empire. Ventresca Miller was also surprised to see evidence of Buddhism so far north near the Russian border.
Dr. Ventresca Miller excavating a looted burial in Khuvsgul province, Mongolia.
Dr. Ventresca Miller excavating a looted burial in Khuvsgul province, Mongolia.
But perhaps the most consequential finding came from analyzing the teeth of 11 buried individuals.
Their dental plaque was examined in a laboratory and various proteins were isolated, allowing researchers to determine what foods the individuals had consumed. Proteins associated with several animal products were found, including yak milk, which was a significant discovery.
“This is the first time that yak dairy has been identified in the past - so it is currently the oldest known case of yak milk consumption,” Ventresca Miller said.
Until now, little had been known about when early Mongol people domesticated yaks, a species of cattle native to Asia.
The finding “helped us verify the long-term use of this iconic animal in the region and its ties to elite rulers,” Ventresca Miller, an assistant professor of anthropology at the University of Michigan, said in a press release.
The Mongol Empire, founded by Genghis Khan, was the “largest contiguous empire in the world, uniting Chinese, Islamic, Iranian, Central Asian, and nomadic cultures within an overarching Mongol sensibility,” according to research from the Metropolitan Museum of Art.
The Khorig site was located at the northern edge of the empire, and its inhabitants likely traded yak dairy products, which would have been precious commodities, with other regions, researchers said.
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China, Mongolia trade via major land port vigorous in Q1 www.xinhuanet.com

Trade between China and Mongolia via Ganqmod Port, the largest highway port between China and Mongolia, continued to boom in the first quarter of 2023, official data shows.
Ganqmod Port in North China's Inner Mongolia autonomous region cleared nearly 8 million tons of goods in the first quarter of 2023, an increase of more than four times compared to the same period last year, according to the port's administration authorities on Tuesday.
Among them, the volume of imported coal was 7.68 million tons, up 525.4 percent year-on-year, while imports of refined copper powder grew by 12.2 percent year-on-year to 201,200 tons.
The port has been striving to raise clearance efficiency by implementing more measures to facilitate trade, promoting the construction of cross-border driverless transport services, and accelerating the renovation and expansion of joint inspection buildings, among others.
Ganqmod Port is a major energy import channel for the country, and an important hub on the China-Mongolia-Russia economic corridor.
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P. Sainzorig: Whistleblowers to be Rewarded up to MNT1.5 Billion www.montsame.mn

The draft Law on the Legal Status of Whistleblowers was presented to representatives of the media and civil society on April 04 at the State Palace.
“A survey result shows that a positive social psychology for whistleblowing has been created. Therefore, it is necessary to ensure the legal status of whistleblowers," said Chairman of the State Great Khural G. Zandanshatar.
State Secretary of the Ministry of Justice and Internal Affairs P. Sainzorig introduced the concept of the draft Law, the use of the term "whistleblower" in international standards, cases of whistleblowing for public welfare in Mongolia and other countries, and regulations under this Law. In his presentation he said, "The draft Law was submitted by the Government, and prior to that, laws supporting whistleblowing had been approved and implemented. For example, in 2018, the Registration Package Law was approved, and various types of information were made public, which stimulated the detection of illegal activities. In this context, Mongolia issued medium and long-term policy documents. Most recently, the Government declared this year as The Year of Fighting Corruption and announced five "W" operations.
In the world, 27 countries have adopted laws on the legal status of whistleblowers. There are countries that have implemented effective regulations to protect the rights of whistleblowers. For example, the Netherlands uses mechanisms such as providing accommodation and operating a website for whistleblowers. The pioneering whistleblower laws originated in the United States. In this way, each country adopts and implements its own laws and regulations.
The draft Law includes issues such as who is a whistleblower and how to give rewards. In drafting the Law, in addition to fighting corruption and profiteering, they also took into consideration the public health, environment, consumer interests, fair competition, and business conduct ethics. For example, when school starts, Mongolian children's immunity deteriorates due to the use of low-quality materials for painting classrooms and desks in schools. Therefore, the concept of whistleblowing should not be considered only in terms of corruption and interests. In other words, it is necessary to include all the problems in the society.
Whistleblowing is the disclosure of primary information, and disclosing information from a transparent account is not whistleblowing. Actions taken for public goodness will be considered whistleblowing. Whistleblowers can submit their documents to the Independent Authority Against Corruption, National Commission of Human Rights, Authority for Fair Competition and Consumer Protection, police and customs authorities. Therefore, a common database will be established among these institutions. It will be clear who, how, when used and where transferred the data. Reporting can be done through journalists. However, the journalist can keep the source of the information undisclosed.
In real life, the person who leaked the information would be fired, salary reduced, transferred to another job, family pressured, and "cornered" by the media. Therefore, regulations for protecting whistleblowers have been reflected in the Law draft. As for monetary incentives, it ranges from MNT 100,000 to 1.5 billion. The money will not be given immediately. After investigating the whistle-blowing information and resolving it, the bonus will be given when the fine went to the state budget.
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BI deports Mongolia's ex-minister wanted for corruption www.pna.gov.ph

MANILA – The Bureau of Immigration (BI) announced on Wednesday the deportation of a former minister of Mongolia wanted in his home country for corruption.
Immigration Intelligence Chief Fortunato Manahan, Jr. said 67-year-old Tunjin Badamjunai, a former minister of Food, Agriculture, Light Industry of Mongolia, was arrested in Cebu City in coordination with Mongolian Police on Tuesday.
The BI official noted that to avoid further delay and inconvenience, Badamjunai was deported on Tuesday night via a Korean Airlines flight from Mactan, Cebu upon the request of Mongolian authorities.
"We were initially informed by Mongolian authorities that Badamjunai will be in Cebu City," he said in a statement.
The foreigner was arrested following the mission order issued by Commissioner Norman Tansingco.
Manahan said Badamjunai was reportedly charged with deportation for undesirability as he is a fugitive from justice who poses a clear and present danger, risk to public interest and safety, and threat to national security.
"The Mongolian government has also canceled his passport, rendering him undocumented," Manahan added.
"This is yet again a major arrest for our agents. Rest assured that we will continue to hunt down these criminals and continue to strengthen our partnership with foreign counterparts to maintain public safety and security," he said. (PNA)
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Khan Bank announces the launch of an initial public offering www.gogo.mn

Khan Bank LLC has officially started initial public offering of its shares today.
In accordance with the Banking Law, Khan Bank has been preparing to become public with the launch of an initial public offering since February 2021, within the timeframe specified in the relevant laws and regulations. On December 9, 2022, the Financial Regulatory Commission (FRC) approved the listing of ordinary shares of Khan Bank LLC as securities for an initial public offering.
Khan Bank, the nation’s largest bank and a leader in the banking and financial sector, plans to raise 183.4 billion MNT by offering 191,219,800 (10 percent of Khan Bank’s total shares) shares at 959 MNT per share. Proceeds from the offering will be used for the Bank’s digital transition, information technology investment, environmentally friendly green projects, and long-term mortgage financing within the Bank’s medium-term strategy.
The Bank’s lead underwriter is BDSec LLC, Tavan Bogd Capital LLC is the assistant underwriter, MJL Attorneys LLP and KhanLex Partners LLP are legal advisors, BDO Audit LLC serves as an external evaluator, and EY Mongolia Audit LLC is the IPO’s financial auditor.
In the 32 years since its establishment, Khan Bank has opened more than 540 branches throughout the country to provide the most reliable and fast financial products and services that meet customer needs at all times. More than 6,500 employees serve 82 percent of Mongolia's population every day through the Bank’s branches and digital channels, utilizing innovative technology solutions to help customers achieve their financial goals and find business success.
Khan Bank’s total assets rose from 13.5 trillion MNT in 2021 to 15.0 trillion MNT by December 31, 2022. The Bank’s loan portfolio went from 7.0 trillion MNT to 8.0 trillion MNT, total funds rose from 12.0 trillion MNT to 13.3 trillion, and total net profits increased from 291.5 billion MNT to 449 billion MNT, the highest figure in the nation’s banking system.
By becoming a publicly traded company, Khan Bank has started a new chapter of development, and our customers have the historic opportunity to grow with us as shareholders.
The primary market trading of shares is scheduled to be held on the Mongolian Stock Exchange between April 13-19, 2023.
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