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

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Pakistan-Mongolia relations poised to be elevated to new heights www.mongolianbusinessdatabase.com

Pakistani Ambassador H.E. Mr.Moin Ul Haque is visiting Mongolia for the presentation of his Letter of Credence to the President of Mongolia. During his visit, he is also scheduled to meet with Government Ministers, senior officials and as well as representatives of different industries from the Mongolian business community. The Ambassador also had an interview at Eagle TV, one of Mongolia’s leading TV stations. Mr. Ser-Od Ichinkhorloo, Pakistani Honorary Consul/Founder & Director of Mongolian Business Database accompanied the Ambassador to these meetings.
In the meetings it was decided to further bolster Pakistan-Mongolia relations, focusing on practical cooperation and targeted projects in priority sectors particularly trade, agriculture, sports, surgical equipment, construction material among others, and take cultural cooperation and people to people exchanges to new level.
 
 
 
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Banks Have Enough Equity to Sustain the Main Economic Sectors www.montsame.mn

Mongolian Bankers’ Association held a press conference on March 28. “Consumer goods prices are cheaper in Mongolia than in other countries. It could be a leverage for our country to improve competitive advantages.”, N. Sosorburam, Economic Researcher, informed at the press conference.
The real rate of return on deposits was negative during the pandemic, leading people to withdraw their deposits and choose other types of investments, like cryptocurrencies and real estate. With the tendency for interest rates of deposits to increase this year, people are getting interested in traditional and risk-free deposits again.
The foreign trade balance increased by 60 percent last year, compared to 2021. Exports, which were declining in 2022 due to difficulties in transport logistics, started increasing from the middle of that year. As a result, we have gained profitable trade balance. Imports are increasing as well. Overall, a recovery of the mining sector is playing an important role in economic growth.
As of the end of 2022, the performance indicators of the banking sector have shown comparatively sustainable growth. Total assets in the banking sector have reached MNT 3.4 trillion, an increase of 9 percent, compared to the same period last year. In particular, the financial indicators of five systematically influential banks have shown signs of improvement, and two of them have listed their IPOs.
Due to the uncertainty of the domestic and external economic environment, the Central bank raised the policy interest rate to 13 percent in 2022. The increase in the policy interest rate has resulted in slowdown in the loan growth of the banking sector. Although loan growth in the banking sector has slowed, it remains the main engine supporting the economy.
According to the Executive Director of the Mongolian Bankers’ Association L. Amar, banks have enough equity to sustain the recovery of main economic sectors.
At the press conference, G. Bumchimeg, Executive Director of the Banking and Finance Academy, presented the outcomes of the “Customer Satisfaction Survey”, which was conducted by the Academy in order to identify how reputable the banks are among the customers and their level of trust in banks.
The survey showed that the satisfaction level of bank customers in our country is at the same level as other developing countries. Moreover, the survey has laid bare the need to keep customers informed on banks’ products and services and improve their financial literacy.
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The first Mongolian player bets for the 2023 NBA Draft www.news.mn

The first Mongolian player who will ever see the floor for a D1 team, Sh.Enkhiin-Od is one of the low-floor, high-ceiling bets of the 2023 NBA Draft.
Sharavjamts was measured at a quarter of an inch shy of 6-foot-9 at the Nike Hoop Summit, with an 8-foot-8 standing reach. The measurements are certainly intriguing for someone with the potential to shoot from the perimeter and run your offense on a primary level.
The Dayton prospect’s main passing skill is being extremely quick to recognize advantages and having the technique and accuracy to find teammates with advanced passing deliveries. This allows him to be a solid decision maker off screens and make plays as a pick-and-roll handler, where his size allows him to pass over smaller defenders.
Beyond his off-ball ability as a floor-spacer, Sh.Enkhiin-Od also adds value as an on-ball creator for teammates and was tasked with initiating the offense as a high school senior at International Sports Academy.
While he has great height, he needs to get much stronger and put on weight as he’s currently only 182 pounds. This lack of strength is noticeable on tape when he tries to play through contact on both ends of the floor, as he was generally unable to create separation out of physicality as a driver, relying on getting foul calls.
Sharavjamts is someone who shoots spot-up jumpers at an elite clip and is able to contribute offensively by making plays for others with the ball in his hands. Considering his current woes as a finisher, defender and his lack of an NBA ready body, he is clearly not an NBA player right now.
However, there is enough indicators in his game that you can’t help but ask a number of questions about his future as a potential NBA talent down the road as a project.
After committing to the Dayton Flyers, Sh.Enkhiin-Od, will be the first Mongolian player to ever see the floor for an NCAA D1 team once the college season rolls around.
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Mongolia's Land Regulatory System: A Quest for Transparency and Efficiency www.mongoliaweekly.org

In a bid to address long-standing challenges related to corruption, bureaucracy, and lack of clear guidelines for land use, Mongolia is gearing up to revamp its land regulatory system.
With a whopping 70% of the country's land dedicated to livestock grazing, reforms in this area carry significant political weight, as they directly impact the lives of herders in rural areas, a critical voting bloc for politicians seeking reelection in 2024.
The proposed reforms aim to modernize Mongolia's land regulatory system through digitalization, streamlining land acquisition and permit issuance through an electronic system.
This move is expected to make land management more transparent and effective.
Additionally, the reforms seek to create a centralized and professionalized system for land allocation through the creation of a Land Professional Organization. The organization would be responsible for managing the allocation of land through open auctions and project selection principles.
However, the reforms have encountered opposition from various groups, with some expressing concern about land acquisition by foreigners and the potential for exploitation. Others have criticized the proposed 5-year tenure for privileged farming households, stating that it is too short to generate meaningful results.
Similarly, the privatization of pastures has also generated controversy, with critics worried about the impact on herdsmen in drought-affected areas.
As Mongolia prepares to navigate these reforms, it is crucial to strike a balance between protecting the environment and local communities, while also promoting economic growth and investment. By doing so, Mongolia can achieve its goal of creating a transparent and efficient land regulatory system that benefits all stakeholders.
BY:
Amar Adiya is Editor-in-Chief of Mongolia Weekly, an English newsletter on political analysis and business intelligence every week. He is also a regional director at Washington-based strategic advisory firm BowerGroupAsia and helps Fortune 500 companies understand and shape policies in the Asia Pacific region.
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Aranjin Resources Eyes Partnership with China for Mongolia Copper Projects www.investingnews.com

Aranjin Resources (TSXV:ARJN) will consider potential partnerships with China as it moves to advance its copper assets in Mongolia.
“China, today, is the largest consumer of the vast majority of raw materials on the planet. And of course, our proximity to that country is one that cannot be ignored,” said Ali Haji, president and CEO of Aranjin Resources, which is based in Toronto.
Aranjin Resources owns two copper assets in Mongolia: the Sharga copper project and the Bayan Undur copper project, located in the provinces of Gobi-Altai and Bayankhongor, respectively.
Haji cited Rio Tinto’s (ASX:RIO,LSE:RIO,NYSE:RIO) Oyu Tolgoi mine in Mongolia, which currently ships concentrate to China, where it's melted into copper cathode. “So yes, absolutely, we would look at China as a potential partner to either offtake the various commodities that we have through our assets, or ultimately help us develop our assets as well,” Haji said.
Commenting on the Canadian government’s recent order for Chinese companies to divest from Canadian critical minerals projects, Haji said it’s important to consider jurisdiction when it comes to critical metals.
“If your assets were in Canada, then of course they should be protected. However, you cannot stop, essentially, a consumption machine like China,” he said. “Until you can shift the manufacturing hub of the world from China, China is going to continue to require those resources. And Mongolia has a fantastic relationship with the Chinese.”
Watch the full interview with Ali Haji, president and CEO of Aranjin Resources, above.
Disclaimer: This interview is sponsored by Aranjin Resources (TSXV:ARJN). This interview provides information which was sourced by the Investing News Network (INN) and approved by Aranjin Resources in order to help investors learn more about the company. Aranjin Resources is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Aranjin Resources and seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.
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Asia's GDP expected to grow 4.5 pct in 2023: report www.xinhuanet.com

BOAO, Hainan, March 28 (Xinhua) -- The weighted real GDP growth rate of Asia in 2023 is estimated at 4.5 percent, an increase from 4.2 percent in 2022, according to a report released by the Boao Forum for Asia (BFA) Tuesday.
In the context of a global economic slowdown and the risk of increasing fragmentation of globalization, Asia is expected to accelerate its pace of overall economic growth, said the report titled "Asian Economic Outlook and Integration Progress."
Asia, a bright spot in the bleak global economic landscape, will continue to advance regional production, trade, investment and financial integration and cohesion, and seize the "Asian moment" for global economic governance, according to the report.
China and India would contribute half of the world's growth this year, noted the report, citing data from the International Monetary Fund (IMF).
Addressing a press conference on Tuesday, BFA Secretary-General Li Baodong said Asia's growth and development is the biggest highlight against the backdrop of the global economic slowdown.
He added that the Asian economy is growing steadily, and China's economic rebound has sent a very strong signal, which is stability amid instability.
In January, the IMF predicted a global economic growth rate of 2.9 percent for 2023, which is slightly higher than their forecast in October 2022, but still significantly lower than the historical average of 3.8 percent from 2000 to 2019.
The global inflation rate is predicted to decrease from 8.8 percent in 2022 to 6.6 percent in 2023, and it is expected that global food prices will continue to decline, indicating an improvement in the global economic growth environment, the report said.
It added that this year, inflation pressures in Asia are expected to ease, but the factors that push inflation up and down may coexist.
Despite a deteriorating global labor market in 2023, the employment situation in Asia, particularly in East Asia, may turn out better than expected, the report noted.
Founded in 2001, the BFA is a non-governmental and non-profit international organization committed to promoting regional economic integration and bringing Asian countries closer to their development goals.
 
 
 
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China gave huge loans to Belt and Road countries. Now it’s spending billions to bail them out www.cnn.com

Hong Kong CNN For the past decade, China has lent massive sums to governments across Asia, Africa and Europe, growing its global influence through its Belt and Road infrastructure megaproject and becoming one of the world’s biggest creditors.
Now, a new study says Beijing has also become a major emergency rescue lender to those same countries, many of which are struggling to repay their debts.
Between 2008 and 2021, China spent $240 billion bailing out 22 countries that are “almost exclusively” Belt and Road project debtors, including Argentina, Pakistan, Kenya and Turkey, according to the study published Tuesday by researchers from the World Bank, Harvard Kennedy School, Kiel Institute for the World Economy and the US-based research lab AidData.
Though China’s bailouts are still smaller than those provided by the United States or the International Monetary Fund (IMF), which regularly makes emergency loans to countries in crisis, it has become a key player for many developing countries.
Beijing’s rise as an international crisis manager looks familiar: The US has taken a similar strategy for nearly a century, offering bailouts for high-debt countries such as those in Latin America during the 1980s debt crisis, the report said.
“We see historical parallels to the era when the US started its rise as a global financial power, especially in the 1930s and after World War 2,” it said.
But there are differences, too.
For one, China’s loans are far more secretive, with most of its operations and transactions concealed from public view. It reflects the world’s financial system becoming “less institutionalized, less transparent, and more piecemeal,” the study said.
China’s central bank also doesn’t disclose data on loans or currency swap agreements with other foreign central banks; China’s state-owned banks and enterprises do not publish detailed information about their lending to other countries.
The research team instead relied on annual reports and financial statements of other countries that have agreements with Chinese banks, news reports, press releases and other documents to compile their dataset.
“Much more research is needed to measure the impacts of China’s rescue loans – in particular, the large swap lines administered by the PBOC (People’s Bank of China),” said Brad Parks, a co-author of the study, in a blog post by AidData. “Beijing has created a new global system for cross-border rescue lending, but it has done so in an opaque and uncoordinated way.”
China’s loans
In 2010, less than 5% of China’s overseas lending portfolio supported countries in debt distress, according to the report.
By 2022, that figure had soared to 60% – reflecting Beijing’s ramping up of rescue operations and stepping away from the infrastructure investments that had characterized its Belt and Road campaign in the early 2010s, it said.
Most of the loans were made in the last five years of the study, from 2016 to 2021.
Of the $240 billion in total bailout loans, $170 billion came from the PBOC’s swap line network – meaning agreements between central banks to exchange currencies. The other $70 billion was lent by Chinese state-owned banks and enterprises, including oil and gas companies.
Most of the countries drawing from China’s swap lines were deep in financial crisis, with problems exacerbated by the Covid-19 pandemic, the report found.
For instance, Argentina defaulted in 2014 and 2020 after struggling for decades with its national debt. Meanwhile, Pakistan saw its currency crash as foreign exchange reserves dwindled.
Sri Lanka is facing an economic and political crisis. Here's what you need to know
Sri Lanka also borrowed money from China in 2021 – before its economic and political crisis boiled over the following year, with basic goods like fuel and medicine rationed and crowds taking to the streets in violent protests.
But China’s bailouts don’t come cheap. The PBOC requires an interest rate of 5%, compared to 2% for IMF rescue loans, the study said.
And most of the loans are extended to middle-income countries considered more important to China’s banking sector, whereas low-income countries get little to no new money and are offered debt restructuring instead.
“Beijing is ultimately trying to rescue its own banks. That’s why it has gotten into the risky business of international bailout lending,” said study co-author Carmen Reinhart in the AidData post.
Belt and Road Initiative
For a decade, Beijing’s Belt and Road Initiative has poured billions of dollars into infrastructure projects each year: paving highways from Papua New Guinea to Kenya, constructing ports from Sri Lanka to West Africa and providing power and telecoms infrastructure for people from Latin America to Southeast Asia.
First announced in 2013 under Chinese leader Xi Jinping, the initiative has been seen as an extension of the country’s sharp ascent to global power.
As of March 2021, 139 countries had signed up to the initiative, accounting for 40% of global GDP, according to the Council on Foreign Relations, a US think tank. BRI has reached nearly $1 trillion in Chinese investment, according to China’s foreign ministry.
Are the wheels coming off China's Belt and Road megaproject?
But funding shortfalls and political pushback have stalled certain projects, while others have been marred by environmental incidents, corruption scandals and labor violations.
There is also public concern in some countries over issues like excess debt and China’s influence. Accusations that Belt and Road is a broad “debt trap” designed to take control of local infrastructure, while largely dismissed by economists, have sullied the initiative’s reputation.
CNN has reached out to PBOC for comment.
In January, Chinese Foreign Minister Qin Gang rejected the accusations of China creating a “debt trap” in Africa, a major recipient of Belt and Road investments.
In a statement citing Qin, the ministry claimed “China has always been committed to helping Africa ease its debt burden,” and pointed to Beijing’s debt relief agreements with a number of African nations.
Qin defended BRI again earlier this month, calling it a “public good.”
“China should be the last one to be accused of the so-called debt trap,” he said, blaming US interest hikes for worsening debt in developing countries.
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Who is the Mongolian boy named as the new Buddhist Lama? www.trtworld.com

The young Aguidai being named a "reincarnation" by the Dalai Lama invoked mixed emotions among different groups in Mongolia.
The Dalai Lama has named a US-born 8-year-old Mongolian boy Aguidai as the tenth Khakha Jestun Dhampa Rinpoche, the third-highest leader of Tibetan Buddhism.
The Dalai Lama and the eight-year-old kid were photographed together at a ceremony in Dharamshala, Himachal Pradesh, India on March 8. A place where the Dalai Lama, Tenzin Gyatso, 87, currently lives in exile.
“We have the reincarnation of Khalkha Jetsun Dhampa Rinpoché of Mongolia with us today,” Dalai Lama told his community of 600 followers present at the ceremony.
Not being known earlier, the boy now has turned into the centre of a geopolitical “chess game” played between China and Mongolia, said a Mongolian Buddhism expert, Sue Byrne.
The news since then has invoked excitement among Buddhists in Mongolia, contempt among secular nationalists and worry among those in fear of the rage of neighbouring country China.
Since Mongolia has had friendly ties with China for several decades, with Beijing being its largest trading partner, the Dalai Lama's latest move is likely to rub China the wrong way.
Who is the Mongolian boy?
According to local media reports, he is one of a pair of twin boys named Aguidai and Achiltai Altannar. Born in the US in 2015, he has dual nationality, and at least two other siblings.
The family of Aguidia is considered to be one of Ulan Bator’s wealthiest business and political dynasties. His father, Altannar Chinchuluum, is a mathematics professor at the National University of Mongolia.
His mother, Monkhnasan Narmandakh, is chairman and CEO of a large business that is centred on construction and mining.
His grandmother, on the other hand, Garamjav Tseden, was a former member of the parliament.
The family for a long time have been patrons of the Gandan Tegchinlen, one of Mongolia's greatest monasteries in Ulan Bator.
The boy's predecessors were closely connected to the Chakrasamvara Krishnacharya tradition mentioned by the Dalai Lama during the ceremony. “His being here today is quite auspicious,” stated the Dalai Lama during the ceremony.
However, neither the government nor anyone from the Buddhist hierarchy has talked about the representation of the 8-year-old due to its challenging nature concerning Mongolia’s foreign policy.
‘A challenge to China?’
The Chinese government has historically been wary of any religious or political figures who could be seen as promoting Tibetan independence or autonomy, and they have taken a hardline stance against the Dalai Lama and his supporters. Therefore, the Dalai Lama naming a new spiritual leader, especially one from a region that has a history of tension with China, could be seen as a provocative move by the Chinese government.
In 1995, when the Panchen Lama was appointed as the second-most significant Buddhist leader by the Dalai Lama, the Chinese officials quickly detained the child and replaced him with one of their own candidates.
The Buddhist community is concerned that a similar incident might take place following the present Dalai Lama's death.
The current Dalai Lama, Tenzin Gyatso, who was born in 1935 and was recognized as the 14th Dalai Lama at the age of two, fled Tibet in 1959 after a failed uprising against Chinese authorities.
The Dalai Lama is not only a spiritual but also an important political figure, as he was the head of the Tibetan government in exile until 2011 when he relinquished his political authority to an elected leader.
He has been a vocal advocate for the preservation of Tibetan culture and autonomy and has faced political opposition from the Chinese government, which views him as a separatist and a threat to Chinese sovereignty.
In case there is another Dalai Lama chosen by Chinese authorities in the future, besides the one chosen in a “free country”, the chances of people respecting and trusting the latter are slim to none, said the Dalai Lama following the ceremony.
“So that is an additional problem for the Chinese! It’s possible, it can happen,” he added.
Who is the Dalai Lama?
The Dalai Lama is the spiritual leader of Tibetan Buddhism, which is a form of Mahayana Buddhism that originated in Tibet. The title "Dalai Lama" means "ocean of wisdom" and is given to the person who is considered to be the reincarnation of the previous Dalai Lama.
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Mongolia's Democratic Party Elects Gantumur as New Leader with Focus on 2024 Elections www.mongoliaweekly.org

Mongolia's opposition Democratic Party (DP) has elected Luvsannyamyn Gantumur, a former Education Minister and member of the centrist faction, as its new Chairman. The selection process involved extensive internal dialogue and negotiations to reconcile the party's divisions.
Gantumur, a veteran of government and civil society, has pledged to prioritize electoral reform and restore democracy in the country through fair and transparent processes. He is expected to lead the party towards a more moderate, liberal stance and focus on a liberal agenda for the 2024 election in Mongolia.
Fluent in Japanese and educated in Japan, Gantumur also aims to improve Mongolia's relations with Tokyo.
However, Gantumur's selection was not without controversy. His main rival, former Finance Minister Sangajavyn Bayartsogt, was seen as representing big business interests and had ties to multinational corporations. There were also concerns raised about his purported Chinese origin.
In addition, the right-wing faction led by former President Khaltmaagiin Battulga boycotted the leadership contest, leading to rumors that Battulga may split and form a new right-wing political party or alliance based on his motto "Mongols Win."
Former DP leader Erdene called the leadership contest illegal, but the Supreme Court accepted the voting outcome and registered Gantumur as the new opposition leader.
The DP is a center-right political party formed in 2000 from the merger of five pro-democratic political parties. In the 2020 elections, the DP won only 11 seats out of 76 parliamentary seats, despite enjoying the support of almost one-fourth of the voters.
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GS25 opens its store in the State Palace of Mongolia www.news.mn

Korean convenience store chain GS25 opened its outlet in the first floor of the State Palace of Mongolia.
GS25 entered the Mongolian market in May 2021, opening three stores in Ulaanbaatar. It plans to operate 500 branches in the country by 2025.
The parliament palace holds regularly public events, such as meetings, conferences, meetings of standing committees, receptions of foreign representatives. Therefore, catering services should be good. Old restaurants and coffee shops operating in the State Palace complex was closed on December 31, 2022. Therefore, Cabinet Secretariat of Government of Mongolia announced a public tender offer for food and commercial services in the palace.
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