“Forum for the Development of Mongolia” London April 06

From its inauguration in 2005, the “Forum for the Development of Mongolia” has become an annual tradition for Mongolians living abroad. The thirteenth Forum will be held under the theme ‘Mongolia’s Opportunities’ and hosted at the auditorium of the European Bank of Reconstruction and Development on Thursday 6th of April.
Representatives from Mongolia by Mongolian Business Database (MBD) for MBCCI's "6th Mongolia London business forum" will be independently coordinating a session focused on ‘Business enterprise in Mongolia: Challenges and Opportunities‘. Ongoing large scale projects and future opportunities in Mongolia will be explored within the session “Mega Projects”, by researchers and representatives from the media. Further attention is paid to the nature of Mongolian democracy, the Constitution and its links to societal and economic crisis is examined under the title “ Social and Legal Formation”. As well as Mongolians, the meeting will bring together Russian, America and Australian experts, who will present their research on the socio-economics of Mongolia.
The conference for the Council of Mongolians Abroad will also take place during the Forum and the implementation of governmental policies regarding Mongolians living abroad will be introduced by the Ministry of Foreign Affairs. In this year’s Forum, the attendance of over 70 Mongolians from 14 different countries is currently confirmed.
The Forum is jointly organised by the Embassy of Mongolia, Mongolian Association in the UK, Tsahim Urtuu Kholboo NGO, Mongolian Business Database and the Council of Mongolians Abroad. The venue is kindly provided by the European Bank of Reconstruction and Development. In the spirit of unity, the Mongolian National Association in Sweden have given financial contribution. Bloomberg TV Mongolia and Buddha Production will be jointly working as media partners.

Apartment mortgage program continues www.montsame.mn

Ulaanbaatar /MONTSAME/ The Bank of Mongolia has stated that apartment mortgage program with 8 per cent interest rate will be transferred to the Government within 2018. New mortgage loans will be issued till the end of 2017, financed with monthly repayment income of loans. The remaining funding will be solved through reflecting it in the State Budget by the Government.

Mongolia may see 7-8 pct economic growth after recovery - IMF www.reuters.com

ULAANBAATAR, March 14 (Reuters) - Mongolia can likely look forward to 7-8 percent economic growth once it rebounds from its economic troubles, the International Monetary Fund's (IMF) country head to Mongolia said.

"I see 7-8 percent (economic growth), which I think is achievable and sustainable," IMF Resident Representative for Mongolia Neil Saker said at a panel discussion on Monday.

That would still be far slower than the boom days when the resource-rich country grew 17.3 percent in 2011.

The IMF and other partners bailed Mongolia out with a $5.5 billion economic stabilisation package in February, after the landlocked nation was hit hard by an economic crisis in 2016 due to government overspending and declining revenues from commodity exports.

This rescue package boosted investor confidence and helped in a successful debt swap of the $580 million bond due 2017 issued by the state-owned Development Bank of Mongolia (DBM).

Holders of $476 million DBM bonds received new sovereign bonds in exchange and new investors bought $124 million bonds, taking the aggregate of the new sovereign bonds due in 2024 , to $600 million. The remaining $104 million bonds issued by DBM will be redeemed on March 21.

"The Development Bank bond is now being settled," Saker said, referring to the bond due on March 21.

"Mongolia did a good job talking to investors and the bond was five times oversubscribed."

(Reporting by Terrence Edwards; Additional reporting by Umesh Desai; Editing by Sue-Lin Wong and Jacqueline Wong)

China cuts retail oil prices www.chinadaily.com

BEIJING - China will lower the retail prices of both gas and diesel by 85 yuan ($12.3) per ton from Wednesday due to falling international prices, according to the country's top economic planner.

Mongolian PM to visit Russia www.news.mn

J.Erdenebat, Prime Minister of Mongolia will pay a visit the Russian Federation in the first half of 2017, Mongolian Ambassador to Moscow B.Delgermaa told TASS on Monday.

Mongolia Economic Forum 2017 www.gogo.mn

Mongolia Economic Forum (MEF) 2017 is scheduled to be held on March 30-31st at the State Palace, under the motto "Think sustainable, Act responsible".
The forum aims to bring together policy makers, the private sector, and civil society representatives to discuss economic issues. Over 1,500 participants attend the forum each year.
Forum guests include the President of Mongolia, Prime Minister of Mongolia, Speaker of Parliament, Members of Parliament, Cabinet Ministers, representatives of foreign company, local businessmen, public stakeholders, local and international media, and representatives of international organizations. 
Registration is now open at www.meforum.mn/register

Ulaanbaatar to expand its tax base www.montsame.mn

Ulaanbaatar /MONTSAME/ “We will work towards expansion of tax base and increase of revenue”, remarked Ulaanbaatar Mayor S.Batbold during the signing of a memorandum of understanding with Mongolian Taxation Authority on March 14.

Mongolia secures safety for US plane landing www.montsame.mn

Ulaanbaatar /MONTSAME/ Ulaanbaatar-bound US military airplane C-17 made an emergency landing at Chinggis Khaan International Airport, just reaching its destination.

IMF calls for action against protectionism www.nhk.or.jp

The International Monetary Fund has called on the Group of 20 economies to avoid protectionism, in an apparent warning to US President Donald Trump.

Toyota to study production in Saudi Arabia www.nhk.or.jp

Executives at Japanese automaker Toyota Motor are considering whether to make cars in Saudi Arabia. They say they've signed a memorandum of understanding with Saudi officials to study the possibility of setting up a factory in the Middle Eastern nation.