Gold prices will continue to climb due to geopolitical tensions - analysts www.rt.com

Mayors of Ulaanbaatar and Tokyo to meet www.en.montsame.mn

Mongolia's first satellite-launch project introduced www.en.montsame.mn

MBD Business offers #14

MBD facilitates strategic business communications between Mongolian and foreign businesses, conducts targeted market research, and provides consulting for business looking to grow in Mongolia as well as those expanding internationally from within Mongolia. In addition, MDB organizes business programs and official delegations to build connections between the Mongolian and International markets.

Vietnam treasures traditional friendship with Mongolia www.english.vietnamnet.vn

EBRD brings in new Mongolia country head www.gtreview.com

City authorities formulate road master plan www.montsame.mn

Ulaanbaatar /MONTSAME/ Speaking to residents of several Khoroos of Songino-Khairkhan district during a recent meeting, Deputy Mayor of Ulaanbaatar P.Bayarkhuu stated, “The capital city authorities have planned robust infrastructure development in the frameworks of which several measures are to be taken in the near future”.

Presidential candidate nomination dates fixed www.montsame.mn

Ulaanbaatar /MONTSAME/ The nomination of presidential candidates for the upcoming Presidential Election will take place on May 2-6, in compliance with the Law of Mongolia on Election which regulates that nomination of presidential candidates will begin 55 days prior to election day and end 5 days prior to the election day.

Central bank delegates to attend IMF and World Bank spring meeting www.montsame.mn

Trump takes first step toward H-1B reform www.cnn.com

President Trump has set the wheels in motion for H-1B visa reform.
On Tuesday, Trump signed an executive order that directed federal agencies to implement a "Buy American, Hire American" strategy. The order included a section geared at immigration reform.
The order tasked four department heads (including the Secretary of Labor, who has yet to be confirmed) to suggest reforms to ensure H-1B visas are given to the "most-skilled or highest paid" petitioners. Additionally, it asked them to propose new rules and guidance for preventing fraud and abuse of work visas.
Trump made it clear that he doesn't agree with fact that H-1Bs are currently doled out under a lottery system.
"Right now, H-1B visas are awarded in a totally random lottery -- and that's wrong," he said on Tuesday in Wisconsin, where he signed the order.
There's an annual quota of 85,000 new H-1B visas (with 20,000 reserved for master's degree holders). Applications opened on April 3 and closed five days later. It was the fifth consecutive year that the cap was met within five days. This year, 199,000 applications were received.
It's unclear what exactly the four agencies department heads (State, Justice, Labor and Homeland Security) will be able to accomplish administratively and what will be need to done through congressional legislation.

"Although released with ceremonial flair, the order will have no immediate impact on H-1Bs," Betsy Lawrence, the director of government relations for the American Immigration Lawyers Association, told CNNTech. "Many of the changes to the H-1B program contemplated by the administration would require legislative action or rulemaking and would take time to go through the necessary processes."
There have been several bills introduced in recent months to reform the H-1B visa system, including a bipartisan bill from Senators Chuck Grassley and Dick Durbin who have been pushing to revamp the program for years. Their bill proposed eliminating the lottery in favor of a "preference system" so that foreign students educated in the U.S. would get priority. It would give a "leg up" to advanced degree holders, those being paid a high wage and those with valuable skills.
This proposal aligns with Trump's H-1B rhetoric.
"I'm grateful that President Trump has taken my suggestions to heart by taking steps today to protect American workers and preserve limited H-1B visas for truly qualified, high-skilled foreign workers," said Grassley in a statement.
H-1B visas are used to fill the U.S. skills gap, but critics, including the Trump administration have voiced concern about abuse of the program. In some cases, outsourcing firms flood the system with applicants, obtaining visas for foreign workers and then contracting them out to tech companies. American jobs are sometimes replaced in the process.
Attorney Sara Blackwell, who advocates for American workers replaced by foreigner visa holders, said she's "hopeful."
"I'm glad President Trump is acknowledging the serious problem."
Unlike the draft executive order leaked in January, the order signed Tuesday did not set out deadlines, although it did ask for proposals "as soon as practicable."
"I'm not worried immediately about my clients -- but I am worried about what's to come," Tahmina Watson, of Watson Immigration Law, said.