1 MONGOLIA PM FACES LIKELY CONFIDENCE VOTE AMID CORRUPTION CLAIMS WWW.AFP.COM PUBLISHED:2025/06/02      2 RIO TINTO FINDS ITS MEGA-MINE STUCK BETWEEN TWO MONGOLIAN STRONGMEN WWW.AFR.COM PUBLISHED:2025/06/02      3 SECRETARY RUBIO’S CALL WITH MONGOLIAN FOREIGN MINISTER BATTSETSEG, MAY 30, 2025 WWW.MN.USEMBASSY.GOV  PUBLISHED:2025/06/02      4 REGULAR TRAIN RIDES ON THE ULAANBAATAR-BEIJING RAILWAY ROUTE TO BE RESUMED WWW.MONTSAME.MN PUBLISHED:2025/06/02      5 MONGOLIAN DANCE TEAMS WIN THREE GOLD MEDALS AT THE WORLD CHAMPIONSHIP CHOREOGRAPHY LATIN 2025 WWW.MONTSAME.MN  PUBLISHED:2025/06/02      6 RUSSIA STARTS BUYING POTATOES FROM MONGOLIA WWW.CHARTER97.ORG PUBLISHED:2025/06/02      7 MONGOLIA BANS ONLINE GAMBLING, BETTING AND PAID LOTTERIES WWW.QAZINFORM.COM PUBLISHED:2025/06/02      8 HOW DISMANTLING THE US MILLENNIUM CHALLENGE CORPORATION WILL UNDERMINE MONGOLIA WWW.THEDIPLOMAT.COM PUBLISHED:2025/05/30      9 ORBMINCO ADVANCES BRONZE FOX PROJECT IN KINCORA COPPER PROJECT IN MONGOLIA WWW.DISCOVERYALERT.COM.AU PUBLISHED:2025/05/30      10 MONGOLIA SOLAR ENERGY SECTOR GROWTH: 1,000 MW BY 2025 SUCCESS WWW.PVKNOWHOW.COM PUBLISHED:2025/05/30      ЕРӨНХИЙЛӨГЧ У.ХҮРЭЛСҮХ, С.БЕРДЫМУХАМЕДОВ НАР АЛБАН ЁСНЫ ХЭЛЭЛЦЭЭ ХИЙЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/02     Н.НОМТОЙБАЯР: ДАРААГИЙН ЕРӨНХИЙ САЙД ТОДРОХ НЬ ЦАГ ХУГАЦААНЫ АСУУДАЛ БОЛСОН WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/02     Л.ТӨР-ОД МҮХАҮТ-ЫН ГҮЙЦЭТГЭХ ЗАХИРЛААР Х.БАТТУЛГЫН ХҮНИЙГ ЗҮТГҮҮЛЭХ ҮҮ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     ЦЕГ: ЗУНЫ ЗУГАА ТОГЛОЛТЫН ҮЕЭР 10 ХУТГА ХУРААЖ, СОГТУУРСАН 22 ИРГЭНИЙГ АР ГЭРТ НЬ ХҮЛЭЭЛГЭН ӨГСӨН WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     УУЛ УУРХАЙН ТЭЭВЭРЛЭЛТИЙГ БҮРЭН ЗОГСООЖ, ШАЛГАНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     ГАДНЫ КИБЕР ХАЛДЛАГЫН 11 ХУВЬ НЬ УИХ, 70 ХУВЬ НЬ ЗАСГИЙН ГАЗАР РУУ ЧИГЛЭДЭГ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/06/02     НИЙТИЙН ОРОН СУУЦНЫ 1 М.КВ-ЫН ДУНДАЖ ҮНЭ 3.6 САЯ ТӨГРӨГ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/02     ГОВИЙН БҮСИЙН ЧИГЛЭЛД УУЛ УУРХАЙН ТЭЭВЭРЛЭЛТИЙГ БҮРЭН ЗОГСООНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/05/30     СОР17 УЛААНБААТАР ХОТНОО 2026 ОНЫ НАЙМДУГААР САРЫН 17-28-НД БОЛНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/05/30     НИЙСЛЭЛИЙН ТӨР, ЗАХИРГААНЫ БАЙГУУЛЛАГЫН АЖИЛ 07:00 ЦАГТ ЭХЭЛЖ 16:00 ЦАГТ ТАРНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/05/30    

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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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Mongolia wins 25 medals at Asian Youth Chess Championships 2022 www.montsame.mn

On October 13-22, 2022, the Asian Youth Chess Championship was held successfully in Bali, Indonesia, which was participated by 462 teenage chess athletes from 20 Asian countries.
From Mongolia, 36 teenage chess athletes, led by E. Gurvanbaatar, the president of the Mongolian Chess Federation, and Ch. Battuvshin, the secretary of the Board of Directors of the Mongolian Chess Federation, participated and won 25 medals including 8 individual (2 Gold, 5 Silver, 1 Bronze), and 17 team medals (1 Gold, 9 Silver, 7 Bronze) at Asian Youth Chess Championships 2022.
Khuslen Erdenebayar, School No. 52, "Khan-Altai" club, became the 10th Mongolian chess player to win the title of Asian champion in the standard or classical category and qualified for the title of master of the World Chess Federation.
An athlete from Govisümber Province, "Monchess" academy, Margad Munkhpurev, brought the 36th medal of the Asian Championship in the standard category.
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Pakistan removed from global ‘terrorism’ financing list www.aljazeera.com

The global money laundering and financing watchdog on Friday removed Pakistan from its list of countries under “increased monitoring” after four years.
Pakistan has been on the “grey list” of the Financial Action Task Force (FATF) since 2018 because of “strategic counter-terrorist financing-related deficiencies”.
The removal decision was announced by FATF President T Raja Kumar at the end of a two-day meeting in Paris, France.
“Pakistan had addressed technical deficiencies to meet the commitments of its action plans,” Kumar said in his speech.
At the last FATF meeting in June, the organisation said Pakistan would be kept on the list until a visit to the country took place to verify progress.
Subsequently, a FATF technical team travelled to Pakistan in late August and the visit was declared a “success” by Pakistan’s foreign office, which said it expected a “logical conclusion” at the next evaluation meeting in October.
Pakistan’s Prime Minister Shehbaz Sharif in a tweet after Friday’s decision was announced congratulated the country on its removal.
“Pakistan exiting the FATF grey list is a vindication of our determined and sustained efforts over the years. I would like to congratulate our civil & military leadership as well as all institutions whose hard work led to today’s success,” he wrote.
After placing the country on the grey list in 2018, FATF gave Pakistan a 27-point action agenda, which was later increased to 34-points, related to money laundering, terrorist financing, and action against armed groups and individuals.
Being on the list can severely restrict a country’s international borrowing capabilities.
The decision comes at a time when Pakistan’s credibility on the global market has taken a pounding because of its precarious economic situation.
Earlier on Friday, global ratings agency Fitch cut Pakistan’s sovereign credit rating, blaming its funding situation as well as declining foreign reserves.
Ratings agency Moody’s Investor Service also cut Pakistan’s sovereign credit rating earlier in October, citing the government’s declining foreign reserves and growing economic stress in the aftermath of devastating floods earlier this year.
The floods, caused by unprecedented monsoon rains, killed more than 1,700 people, affected 33 million, and caused $30bn in damage, according to the government.
‘Stay on course’
Senior economist Haroon Sharif said the development was great news for Pakistan as it will allow financial flows from banking channels and remittances.
“What the country must do now is to stay on course, and the major impediment in that has been its implementation capacity. It must reform institutions, which can then trap and identify any suspicious transaction and punish whoever is involved,” he told Al Jazeera.
Sharif, who previously served as minister of state investment, said Pakistan should have been removed from the list at the June meeting.
“We had met all the points of action plan, but unfortunately, FATF also has a political dimension to it,” he added.
Business and economy journalist Khurram Husain also welcomed the removal. “Pakistan had to face higher transaction costs due to the higher processing burden that ‘enhanced monitoring’ imposed on all transactions with the outside world,” he told Al Jazeera.
Husain noted Pakistan went back on the main list because of its failure to successfully prosecute “proscribed individuals”.
“Once key convictions were secured, such as those of Hafiz Saeed of the Lashkar-e-Taiba (LeT) group and Jamaat-ud-Dawa (JuD) group in April of this year, the path to exiting the list was opened up,” he said.
JuD is a humanitarian relief and religious education organisation operating across Pakistan. It has been designated a front for LeT, an armed group declared a “terrorist organisation” by Pakistan, the United States, and the United Nations.
SOURCE: AL JAZEERA
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Mongolia to start immunization against cervical cancer from 2023 www.news.mn

For women in Mongolia, cervical and breast cancers are among the four most common cancers, the other two being liver and stomach cancers. In Mongolia, nearly 300 women lost their lives to the cancer every year- one in every 12 women dies of cervical cancer. Currently, a total of 3400 women diagnosed with cervical cancer are under observation in National Cancer Center.
Almost all cervical cancers are caused by HPV (human papillomavirus)– a link that was proven more than 20 years ago by Cancer Research UK scientists.
Mongolia tested a vaccination rollout against cervical cancer in 2011-2012 and over 10 thousand women get 1-3 HPV vaccine doses. According to study, more than 75 percent of them were protected from cervical cancer.
Therefore, Health Ministry of Mongolia has initiated to amend Law on Immunization for starting HPV immunization campaign in 2023. Mongolia can get 10 thousand doses of HPV vaccine by discounted price with support UNICEF.
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Johnson and Sunak Hold Talks Over UK Leadership Race www.bloomberg.com

Boris Johnson and Rishi Sunak, contenders to be the next UK prime minister, held face-to-face talks Saturday to discuss the Conservative leadership contest, according to people familiar with the discussions, seeking a deal that would eliminate the need to take a potentially divisive runoff vote between them to party members.
The former prime minister and ex-chancellor spoke as some Tory MPs called on them to put aside their differences and thrash out a deal that would see one of them take over as premier and the other serve in a senior cabinet position, the people said, declining to be identified because the matter is private.
The prospect of the pair running on a joint ticket represents yet another unimaginable twist in what’s been a chaotic year in UK politics. The chances of a deal were previously considered almost impossible due to the fallout between the two men, the people said. They became bitter enemies this summer when Sunak resigned as finance minister of Johnson’s administration, a move that helped trigger his downfall.
The former premier is currently trailing behind Sunak with far fewer public endorsements from Members of Parliament, though his campaign team claimed he has over 100 privately backing him. Sunak scored a notable win on Saturday with the support of Kemi Badenoch, the International Trade Secretary and a key figure on the party’s right.
Penny Mordaunt, who appears to have less support than either, is the only person to have publicly declared their candidacy.
Party Alarm
Liz Truss’s exit after just 44 days as prime minister on Thursday triggered a speedy leadership race, one that could theoretically see Johnson and Sunak square off. The prospect of the duo clashing in public over policy has alarmed some of the party’s bigger names.
Lord Frost, Johnson’s Brexit minister, said the party should “move on” and get behind Sunak. And in comments that largely echoed those of former Telegraph editor Charles Moore, ex-party chairman Lord Ashcroft tweeted that Johnson should sit out the contest and back his former chancellor.
In brokering a potential agreement, Sunak could point to his support among MPs as evidence he’s most likely to be able to command a majority in parliament and unite the deeply divided party. But Johnson, if he’s sure he has enough support to pass the 100-strong threshold to enter the contest, may overlook this since he’s still popular with grassroots members, who are set to get a final say in the race.
Even though he remains popular with Tory members, there’s doubt whether Johnson would be able to unify his party after leaving office only seven weeks ago. Many MPs are still angry that his shortcomings -- including breaking the law during pandemic lockdowns -- cost the party support in the polls. Truss has since driven that slump to a record low.
Roger Gale, a Tory lawmaker since 1983, broke cover to tell Times Radio he’d stand as an independent MP rather than serve under a Johnson government again.
It’s possible Johnson and Sunak could offer top government positions to get the other’s endorsements -- though their disagreements over economic policy just months ago cast doubt over whether they’d want to work together again. Even if one opts not to run, whoever’s still standing would probably have to beat Mordaunt.
Kemi Key
So far, Johnson has picked up support from the right of the party, which mostly backed Truss in the last race. Sunak appeals to more moderate factions, though he has picked up some support from MPs who were previously behind Truss.
Badenoch became the most prominent cabinet member to support him and her decision has the potential to sway the votes of others, particularly among hardcore Brexiteers. She called Sunak the “serious, honest leader we need,” in an article for the Sunday Times.
“We are very different people with a difference in approach on numerous issues, but I believe he understands the necessity for unity and bringing others along on the journey before making difficult decisions,” Badenoch wrote.
A maximum of three Tory MPs will be able to run, as the party has set a threshold of 100 MPs for candidates to even get on the ballot paper, and there are a total of 357 MPs in the party. MPs have until 2 p.m. Monday to vote for their preferred candidate. The list will be whittled down to two contenders the same day if there are three candidates who pass the required threshold.
Assuming two candidates are still in the race after Monday, if one does not pull out, grassroots members have until Friday morning to vote.
(Adds comment from Tory veteran Roger Gale)
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Deputy Prime Minister meets delegates of Gazprombank JSC www.montsame.mn

On October 19, Deputy Prime Minister of Mongolia S. Amarsaikhan received the delegation led by Belous Alexey Petrovich, the Deputy Chairman of the Board of Directors of Gazprombank JSC.
During the meeting, the parties discussed the issues of energy sources, the transit traffic connecting Asia and Europe, and the projects being carried out in cooperation with the Russian Federation, such as increasing the capacity of the port.
"The role of Gazprombank JSC is important to the implementation of the Government of Mongolia’s “New Revival Policy”, said Deputy Prime Minister S. Amarsaikhan. “In particular, I propose to expand cooperation in major projects such as improving the capacity of ports, building a natural gas pipeline from Russia to China through Mongolia, and establishing an oil refinery”.
He also noted that the Mongolian government is ready to cooperate with international investors in the projects implemented within the framework of the “New Revival policy”, and emphasized the expansion of Ulaanbaatar Thermal Power Plant No. 3 (also referred to as CHP-3 or Power Plant 3) and railway projects such as Bogdkhan and Choibalsan-Ereentsav.
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Minister of Labor and Social Protection appointed www.montsame.mn

Prime Minister L.Oyun-Erdene today signed an ordinance on appointing T. Ayursaikhan as the Cabinet member and Minister of Labor and Social Protection.
As the Constitution of Mongolia reads, a member of the cabinet shall be appointed or dismissed after presenting to the State Great Khural and the President of Mongolia, Prime Minister L. Oyun-Erdene presented the new minister to President U. Khurelsukh today, and afterwards, the minister took the oath to the State Great Khural during its plenary session today.
Former Minister of Labor and Social Protection D. Sarangerel was dismissed in the late-September as she was deemed to have violated the Constitution and made an ethical mistake.
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ISS sides with top Turquoise Hill investors in dismissing Rio takeover www.bloomberg.com

Institutional Shareholder Services Inc. is urging investors of Turquoise Hill Resources to reject Rio Tinto Group’s proposed takeover — siding with criticisms from top shareholders that the deal undervalues the company behind one of the world’s biggest copper mines.
ISS recommended Turquoise Hill shareholders vote against Rio’s cash offer to acquire 49% of the stock it doesn’t own for C$43 a share, the firm said Friday in a report. The deal values the stake in the Montreal-based miner at about C$4.24 billion ($3.1 billion).
“While the offer provides an escape from the immediate downside, certainty of value today comes at a cost that is too high to be tolerated,” ISS said, adding that the severity of the downside risk is outweighed by the magnitude of the discount to net asset value implied by the offer. “As such, support for this offer is not warranted.”
ISS’s position is contrary to Wednesday’s recommendation by another advisory firm, Glass Lewis & Co., which urged shareholders of the Canadian miner to support Rio’s proposal. Two top shareholders — Pentwater Capital Management and SailingStone Capital Partners — have come out against the deal, arguing it undervalues the company.
At stake is Rio Tinto’s control of Mongolia’s Oyu Tolgoi project, which is expected to become the world’s fourth-largest copper mine. Rio already owns 51% of Turquoise Hill, but more than half of the remaining shareholders must back the acquisition for the deal to proceed. The Oyu Tolgoi mine is a joint venture between Turquoise Hill and the government of Mongolia.
Shares of Turquoise Hill dropped as much as 3.9% Friday in Toronto. The stock was down 1.6% to C$39.36 as of 10:42 a.m. local time.
(By Scott Deveau and Yvonne Yue Li)
 
 
 
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Rio Tinto seeks pitches from bankers for lithium deals in battery metal foray www.bloomberg.com

Rio Tinto Group is asking for pitches from some of the biggest investment banks for lithium companies and projects it could buy as the mining giant looks to expand into the key battery metal.
Representatives from leading investment banks visited the miner’s offices in Perth, Australia several weeks ago, according to people familiar with the situation who declined to be identified as the meetings were private.
Rio Tinto is the only one of the world’s biggest diversified miners looking to start mining lithium, a key ingredient to make batteries for electric vehicles. The interest from the second-largest mining company comes amid a global push to transition to cleaner energy sources and reduce dependency on fossil fuels, putting electrification and battery metals at the forefront of the shift.
The London-based mining giant had sought to develop a giant underground lithium mine in Serbia, positioned to feed into Europe’s car manufacturing hub in Germany, yet those plans were dashed earlier this year when the Serbian government blocked the development after thousands of protesters took to the streets to oppose it.
Instead, Rio bought a lithium mine in Argentina for $825 million and is looking to bring it into production as soon as 2024. The company has already inked a supply agreement with Ford Motor Co.
Nothing imminent
Rio’s meetings with bankers don’t mean a major deal is imminent. The company is more interested in making sure it’s aware of all the opportunities in the sector and what could be available to buy in the future, according to the people. Companies involved with lithium are expensive at the moment, so it’s not a good time to buy.
Lithium miners are currently trading at 5.8 times earnings before interest, taxes, depreciation and amortization for 2023, according to estimates by New York-based investment bank Cowen Inc. Lithium prices are also soaring in the latest leg of a record-setting rally, with prices in China nearly doubling the level at the start of the year.
The world needs lithium supplies to grow fivefold by the end of the decade to meet projected demand as the electric vehicle revolution gets into full swing, according to BloombergNEF. This looming shortage of the white silvery metal has seen miners engage in bidding wars for assets in nontraditional mining countries such as Argentina.
(By Yvonne Yue Li and Thomas Biesheuvel)
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Politburo Standing Committee: Who are the men that rule China now? www.bbc.com

The Chinese Communist Party has finally unveiled the men who will rule China for the next five years.
The Politburo Standing Committee is China's equivalent of the presidential cabinet.
It is considered the elite of the elite within the party, and getting to the top often requires not only a stellar political track record, but also deft manoeuvring of internal rivalries.
It is not unusual to see big reshuffles of the Standing Committee after a term ends, and this time it is no different.
Effectively handpicked by President Xi Jinping, most of them are new to the team apart from Zhao Leji and Wang Huning. Most, if not all, are seen to be Xi loyalists.
Here are the men who, led by President Xi, make up the power centre of China.
Li Qiang
Age: 63
Current political post: Party secretary of Shanghai
Seen as Xi's most trusted junior colleague, Li worked in small counties in Zhejiang province. When Xi was party chief of Zhejiang, Li served as his chief of staff.
His team's handling of the Covid outbreak in Shanghai earlier this year was contentious and residents were critical of it. There was speculation on whether this could have affected his political future.
But with this appointment, it is clear his loyalty to Xi has placed him in good stead. The titles of the members in the Standing Committee will be confirmed next year, and many believe Li will become the next Premier, the second-in-command after Xi.
Zhao Leji
Age: 65
Current political post: Head of the Central Commission for Discipline Inspection
Zhao has been seen as a rising star in the Chinese leadership, and has close links to the Shaanxi province, much like Xi.
After entering the Qinghai provincial government, he swiftly rose up the ladder and became governor at the age of 42 - the youngest person to become a provincial governor.
As the head of the anti-corruption body, Zhao is responsible for maintaining party discipline and has reported a number of senior officers for accepting bribes throughout the years.
Wang Huning
Age: 67
Current political ranking: First secretary of the Communist Party's Secretariat
A former scholar and professor, Wang rose through the ranks after catching the eye of senior politicians. He was recommended to then-president Jiang Zemin and promoted to become Jiang's consultant.
As the party's political theorist, Wang is considered to be the brains behind many Communist Party concepts, including the ideologies for three leaders: the Three Represents of Jiang Zemin, the Scientific Outlook on Development of Hu Jintao, and Xi Jinping Thought. China's ambitious Belt and Road Initiative was also believed to be his idea.
He is said to get along well with all factions in the party.
Cai Qi
Age: 66
Current political ranking: Mayor of Beijing
A close ally of Xi, he has worked under the Chinese leader in the Fujian and Zhejiang provinces and has called for absolute loyalty to him.
Beijing's hosting of the Winter Olympics earlier this year, at the height of the pandemic, was seen within the party as a success and reflected well on him.
But he also attracted controversy when he launched a plan in 2017 to reduce the population of the capital, that ultimately forced out many low-income earners from the city.
Ding Xuexiang
Age: 60
Current political ranking: Director of the Office of the General Secretary and Office of the President
A trained engineer, Ding started his political career at a government-affiliated research centre in Shanghai.
Though he lacked experience as a provincial-level party secretary or governor - usually considered essential in the climb to power - he became Xi's secretary in 2007. Since 2014 he has been the head of the presidential office, effectively acting as Xi's chief-of-staff.
A strong advocate of Xi Jinping Thought, he is one of Xi's most trusted aides. He has accompanied the Chinese leader for many trips within China as well as abroad - observers say he has probably spent more time with Xi than any other official in recent years.
Li Xi
Age: 66
Current political ranking: Party secretary of Guangdong province
A Xi loyalist with close ties to the Chinese leader's family, Li is seen as a crisis-solver for handling a 2017 scandal in Liaoning province over falsified economic data.
He was the party leader in the politically significant city of Yanan, which Mao Zedong used as the party's headquarters during World War Two and where Xi spent seven years of hard labour.
In Guangdong, Li pushed for the development of the tech industry and economic reform. He also issued new trade policies and promoted regional integration in the area.
 
 
 
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Digital Transformation in Mongolia: Insight From The Ministry of Digital Development www.thefintechtimes.com

Two years ago, the government of Mongolia set out a five-year plan to build a ‘digital nation’, harnessing data and technology to facilitate innovation, streamline public services and diversify the country’s mining-reliant economy.
The world’s most sparsely populated country, with more than three million people spread out across 1.6 million square kilometres, wants to deliver digital transformation up to 90 per cent by 2024.
It established the Mongolian Ministry of Digital Development and Communications, appointing Bolor-Erdene Battsengel as Vice Minister. The ICT leader, who was also recently named a next-generation leader by TIME Magazine, is the country’s youngest cabinet member and a face of women empowerment.
The Fintech Times chatted to Battsengel to learn more about the mission to turn Mongolia into an economic and tech hub as well as her coding programme for girls from disadvantaged regions and remote locations.
What work is being done to accelerate digital transformation in Mongolia?
Now is an extremely important time for digital transformation in Mongolia. We are looking at a tech boom here. For the first time in Mongolian history, the government announced the ICT sector as one of the nation’s economic priorities, and approved the digital nation policy.
Following this announcement, the necessary legal framework was created to accelerate digital transformation, and a set of digital development laws were approved. These include the laws on Personal Information Protection, Public Information, Cybersecurity, Digital Signatures, and Virtual Asset Service Providers, all of which were approved in 2020 and implemented in May, 2022.
I GENUINELY BELIEVE THAT MONGOLIA IS BECOMING ASIA’S NEXT HIDDEN GEM, AS THE REGULATORY ENVIRONMENT IS FRIENDLY FOR INNOVATION
Startups and private sector innovation have accelerated in Mongolia, while digital governance has taken new steps against red-tape bureaucracy and corruption. We have launched the E-Mongolia platform, which provides government services online. As a sparsely-populated country with a nomadic culture, it was crucial to introduce a government service platform so that our citizens can get their government services regardless of their locations.
Currently, we have digitised about 2,000 government services including registering a company, getting a license and ordering a new passport etc. Over 75 per cent of the adult population is now using E-Mongolia on a daily basis.
Mongolia
What emerging technologies are having a noticeable impact in Mongolia?
One of the catalysts for the rapid development of the fintech industry in Mongolia is artificial intelligence. Artificial intelligence is being used to credit scoring and provide short-term consumer loans.
The Ministry of Education is using blockchain technology to register all sorts of certifications and university diplomas. Also, land ownership has been a big issue. The ownership registration is also based on blockchain technology. Currently, we have introduced AI for E-Mongolia to suggest government services before citizens reach out to government platforms depending on their needs.
Why is Mongolia an attractive opportunity for UK companies?
I genuinely believe that Mongolia is becoming Asia’s next hidden gem, as the regulatory environment is friendly for innovation. Also, we are encouraging tech companies to come and create this hub with us. In terms of tax environment, it is friendly compared to other countries. Startups are interested in Mongolia for the geographical locations as they want to operate in either East Asia or Central Asia.
What can UK companies bring to Mongolia and what lessons do you think can be learned/shared between the two countries’ fintech ecosystems?
We hope that UK companies can bring a diverse startup culture to Mongolia as well as innovation. In Mongolia, the personnel of the banking and fintech sector have relative potential compared to other sectors. Therefore, it is possible to exchange business, working methods and technological know-how through personnel exchange.
Could you share further insight into your department’s upcoming plans and the mission to turn Mongolia into an economic and tech hub?
The Ministry of Digital Development and Communications is paying great attention to nurturing and developing IT startups, in addition to the national digital transformation. We are working to create a favorable legal environment and ecosystem and create a technology free zone.
How can we attract more women into tech and leadership roles?
We have talked about gender issues in the tech sector so much over the past 10 years. Unfortunately, we have not seen much improvement, because it really requires long-term institutional change: creating role models in society, supporting capable and potential women as leaders, and providing opportunities for teenage girls to participate in coding and STEM programmes from an early age.
I have my own initiative called Girls Code which brings girls, most of them in high school, from remote areas and disadvantaged families and organises three months of boot camp. So far we have 80 graduates, of which 11 are now accepted and enrolled to Ivy League universities in the US and several more studying in Japan and China for ICT degrees.
 
 
 
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