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    

Events

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

NEWS

64x64

From students with dreams to PRC founding fathers, footsteps of early CPC revolutionaries traced in Europe www.xinhuanet.com

From students with dreams to PRC founding fathers, footsteps of early CPC revolutionaries traced in Europe

Source: Xinhua| 2021-06-12 20:58:12|Editor: huaxia
 

-- Under the Diligent Work-Frugal Study Movement, Chinese students began arriving in Western Europe more than a century ago, seeking a way out for the war-torn, poverty stricken China.

-- In October 1920, the 16-year-old Deng Xiaoping, who later became a Chinese leader and chief architect of China's reform and opening-up drive, arrived in France.

-- Memories of Chinese communist pioneers are kept in city squares, statues, and universitiy libraries across Western Europe.

BRUSSELS, June 12 (Xinhua) -- A hundred years after the Communist Party of China (CPC) was founded, there are those who continue to cherish their collective memories of the early communists as young students in Europe in the early 20th century.

These students, under the Diligent Work-Frugal Study Movement, began arriving in Western Europe in 1919. They worked a variety of jobs to finance their studies and meanwhile were eagerly seeking a way out for China, a country then torn by war, poverty and imperialist invasions.

Some of them, inspired by Marxism, established the earliest Chinese communist groups in Europe and became pioneers to save the Chinese nation in the decades to come. Today, their pioneering spirit continues to motivate a new generation of Chinese.

 

EARLY SEEDS IN EUROPE

Montargis, a city with some 15,000 residents about 100 km south of Paris, was one of the places where the dream of the Chinese communists began.

Memories of the early Chinese communists are kept in a 300-year-old townhouse at 15 rue Raymond Tellier. The former residence of the Chinese students in the 1920s has been renovated into a museum and houses a collection of nearly 1,000 photos, documents and other exhibits, an illustration of the friendship between China and France.

"Visitors to the museum often marvel at these young students' ambitions and perseverance in their pursuit of dream and faith," said Wang Peiwen, head of the museum and president of the China-France Friendship Association in Montargis.

Deng Xiaoping, the former Chinese leader widely regarded as the chief architect of China's reform and opening-up drive, was only 16 when he first arrived in France in October 1920.

He moved to Montargis in 1922 and worked at the Hutchinson rubber factory while pursuing his study, where his communist faith took root.

Photo taken on April 8, 2021 shows Deng Xiaoping Square in front of the railway station of Montargis, France. (Xinhua/Gao Jing)

To commemorate the Chinese students' work-study movement, Montargis named the square in front of its central railway station after Deng in 2014. In 2019, a massive centenary monument was inaugurated on the square to mark the 100th anniversary of the movement.

"The monument depicts the young Chinese, who, having stood out as the best students from their respective provinces, came to France to explore ways to advance their country," Mayor of Montargis Benoit Digeon told Xinhua. "They were inspired by Communism and worked for the founding of a communist party peculiar to China."

France, well-known for the Industrial Revolution, the Enlightenment and the spirit of the French Revolution, was one of the major destinations for Chinese students in their work-study movement.

Historical documents kept at the Shanghai Academy of Social Sciences and other institutes show that approximately 1,600 students left Shanghai for France between March 1919 and the end of 1920. The first group of 89 students boarded a ship from Shanghai on March 17, 1919, making headline news.

 

A CHANCE TO LEARN

A small room on the ground floor of Hotel Neptune in downtown Paris witnessed the life of Zhou Enlai, the first premier of the People's Republic of China (PRC) who lived a meagre life here between 1922 and 1924 as a young student.

In the small room which could barely accommodate a bed, a desk and a chair, Zhou studied and worked, writing for a newspaper based in north Chinese city of Tianjin to promote new ideas he learned in Europe and organizing communist activities.

Nearly 100 years later, the hotel is now run by Chinese-French Li Jianle, who felt it his obligation to protect the historic building and present it to Chinese and foreign guests when he bought the hotel in 2001.

Photo taken on April 11, 2021 shows a memorial plaque outside the Hotel Neptune commemorating Zhou Enlai, the first premier of the People's Republic of China (PRC) who lived here between 1922 and 1924 as a young student, in Paris, France. (Xinhua/Gao Jing)

Today, with a bronze statue of Zhou carved by noted French sculptor Paul Belmondo in 1979 on its wall facing the street, the roughly 160-year-old building on rue Godefroy in Paris remains intact, telling the story of its former tenant.

The Chinese students, who worked hard to eke out a living, had acquired through their experiences in Europe a profound understanding of the plight of the working class and defects of capitalism before they came to know Marxism.

Cai Hesen became one of the first Chinese students to follow Marxism after a close reading of the works of Karl Marx. He translated many of Marx's work into Chinese and actively kept Chinese people informed of the October Revolution of Russia in 1917 and other worldwide movements of the working class.

In Lyon, the third largest city in France, some Chinese students had to fight for their right to study in 1921, after they were rejected by the Franco-Chinese Institute, a school created exclusively for Chinese students.

The school, built with funds from China, rejected the work-study students that year who were unable to make ends meet and only accepted better-off students.

After a failed attempt to occupy the institute, many students were arrested and 104 were repatriated to China in October 1921.

"It was a fight for equality and justice, as the students were fighting for their own rights to study," said Alain Labat, head of the Federation of Franco-Chinese Associations and vice-president of the New Franco-Chinese Institute.

"Despite their failure, they grew and gained experience. Some of them played a leading role in promoting Marxism and Communism in China," Labat said.

 

MEMORIES KEPT ALIVE

The university town of Goettingen in central Germany guards the distant memory of Marshal Zhu De, another founding father of the PRC who entered the University of Goettingen in 1923 in his 30s.

Today, the university library still keeps a registration paper in Zhu's own handwriting, showing that this native of southwest China's Sichuan Province was studying sociology in the philosophy department.

Zhu met Zhou in Berlin in 1922, and joined the CPC through Zhou's introduction.

"Zhu was not young, and he had spent many years in the military," said Rolf Kohlstedt, a historian at Goettingen City Archive. "He wanted to expand his vision here, in an industrialized Western country."

A pedestrian walks past the former residence of Marshal Zhu De, one of the major founders of the People's Republic of China, in Goettingen, Germany, June 26, 2015. (Xinhua)

The city archive shows Zhu's residence registration paper from the local police, a yellowed document with his photo. He lived with a local family at Planckstrasse 3. The red brick house has attracted many tourists to this university town with a population of 120,000.

In 1986, a marble plaque was attached to its facade, with inscriptions reading "Zhu De, Marshal of the People's Republic of China, 1923-1924," in commemoration of his 100th birthday.

Memories of the Chinese communist pioneers were also kept at the Charleroi University of Labor, 60 km south of Brussels.

Founded in 1903 as a polytechnic school for the working class, it hosted many Chinese students in the 1920s, including one of China's marshals Nie Rongzhen, a then chemical engineering major who came to know communism and became a member of the CPC on the campus in Belgium.

Through their time in Europe, several of the students realized that only socialism could save China.

Photo taken on March 22, 2021 shows a monument marking the 100th anniversary of the Chinese students' work-study movement, in front of railway station of Montargis, France. (Xinhua/Gao Jing)

Experts have said that the movement played an important role in history and contributed to the founding of the CPC in 1921 and the PRC in 1949, leaving behind a heritage that continues to inspire younger generations today.

For Duanmu Mei, a historian from the Chinese Academy of Social Sciences, these outstanding representatives of the movement played an epoch-making role in China's future revolution, development and reforms.

"Their experience in Europe gave them a far sight, a broad vision and an open heart -- three important qualities that enabled them to stand out as leaders of the revolution, of the party and the country," she said.

In the run-up to the CPC's 100th founding anniversary, more than 40 Chinese and French teenagers joined a virtual conference on Zoom to review the lives of the early Chinese communists in Europe a century ago.

For French-language student Wang Ziyan, the revolutionaries are a source of hope.

"There's so much we can learn from those role models of the past century -- their ability to adapt rapidly to a new environment, their passion to learn, and more importantly, their patriotism and desire to repay their country with what they learned."

(Video reporters: Jin Jing, Liang Xizhi, Li Xiaopeng, Liu Fang, Tang Ji, Xu Yongchun, Chen Chen, Hu Xue, Xiao Yazhuo, Gao Jing, Ren Ke, Zhang Yuan; video editors: Peng Ying)

...


64x64

Mongolia - Singapore business matchmaking was held www.montsame.mn

The Mongolia-Singapore online business meeting has been a success every year, and the two sides have constantly explored opportunities for business cooperation. In order to support local businesses, provide them with access to the Singaporean market, and thus increase the economic growth of Mongolia, the Ministry of Foreign Affairs of Mongolia and the Embassy of Mongolia in Singapore, in collaboration with the Mongolian National Chamber of Commerce and Industry and the Singapore Business Federation, successfully organized the online event “Singapore Mongolia Business Matching Webinar-Assessing Mongolia and Singapore Markets Virtually” on June 16, 2021.
Currently, e-commerce is booming in the Southeast Asian region, despite the “COVID-19” pandemic continues to spread worldwide. Therefore, the business webinar was successfully implemented under the main objective of Mongolia-Singapore e-commerce cooperation and the development of the new business fields by sharing the experiences and opportunities of Singapore, where nearly 180 participants attended the event this year.
In addition, both sides announced that the Memorandum of Understanding between the Mongolian National Chamber of Commerce and Industry and the Singapore Business Federation had been concluded. Тhe establishment of this document will open opportunities for companies of the two countries to start and expand cooperation, increase investment, and implement joint projects and programs.
...


64x64

China's achievements unprecedented in human history: former Italian PM www.xinhuanet.com

GLOBALink | China's achievements unprecedented in human history: former Italian PM

Source: Xinhua| 2021-06-13 09:41:38|Editor: huaxia
 
 

2021 marks the 100th anniversary of the founding of the Communist Party of China (CPC).

 

In an interview with Xinhua, former Italian Prime Minister Massimo D'Alema hailed China's extraordinary development under the leadership of CPC.

 

"China has made an extraordinary leap towards modernity and progress, which would surely be considered as the great historical credit of the Communist Party of China," said D'Alema, who has played a major role in Italian politics as a political heavyweight of center-left forces.

 

D'Alema also hailed China's great achievement in poverty alleviation.

 

"In human history, no one has ever been able to achieve such a huge transformation for the people's lives," said D'Alema.

 

During the interview, he also voiced concerns about the current state of dialogue between the East and the West. The pandemic and the post-pandemic problems ... " All require strong international cooperation, (and) I would even say a 'qualitative leap' in international collaboration," he noted.

 

"To use an old saying," he explained, "today's big problem is how to rebuild the conditions for a peaceful coexistence between different systems, in order to face common challenges most effectively."

 

Produced by Xinhua Global Service

 
...


64x64

JinkoSolar's Holding Subsidiary Announces Investment of RMB315 million in Inner Mongolia Xinte High-purity Polysilicon Production Project with Annual Capacity of 100,000 Tons www.prnewswire.com

SHANGRAO, China, June 21, 2021 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (the "Company," or "JinkoSolar") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced its holding subsidiary, Shangrao JinkoSolar Industry Development Co., Ltd. plans to invest RMB315 million of monetary capital to increase capital and shares in Inner Mongolia Xinte Silicon Materials Co., Ltd. ("Inner Mongolia Xinte"), a wholly-owned subsidiary of Xinte Energy Co., Ltd. ("Xinte Energy") (HKEX: 1799). The investment will be used for the construction of a high-purity polysilicon production line with an annual capacity of 100,000 tons. After the capital increase is completed, the Company will hold a 9.00% stake in Inner Mongolia Xinte.
Mr. Kangping Chen, CEO of JinkoSolar Co., Ltd., commented, "Xinte Energy is a leader in polysilicon technology and industrialized operations. We are very pleased to extend this close partnership with them, and remain fully confident about the accelerated growth of the PV industry over the next few years. We believe that this investment is not only a solid growth strategy, but will help to stabilize silicon material supply and reduce supply chain volatility. By cooperating with upstream specialized manufacturers, we will continue to strengthen the advantages of our integrated capacity and solidify the foundation for mass production of high-efficiency modules year-over-year. We will continuously work towards win-win situations through deeper cooperation with our supply chain partners, and jointly promote the development of the global solar market and accelerate the transformation of green energy."
About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 22 GW for mono wafers, 11 GW for solar cells, and 31 GW for solar modules, as of December 31, 2020.
JinkoSolar has 9 productions facilities globally, 23 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile, Australia, Portugal, Canada, Malaysia, UAE, Kenya, Denmark, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina, as of December 31, 2020.
To find out more, please see: www.jinkosolar.com
Safe-Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
For investor and media inquiries, please contact:
Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: pr@jinkosolar.com
SOURCE JinkoSolar Holding Co., Ltd.
...


64x64

Petro Matad books loss as it develops Mongolia prospects www.investegate.co.uk

Oil company Petro Matad booked a full-year loss as it continued to develop prospects in Mongolia. Net losses for the year through December amounted to $3.2 million, compared to year-on-year losses of $16.8 million. Petro Matad said a licence application for the block XX asset continued to progress through a government approval process. 'There is no doubt that 2020 was a challenging year due to the disruption triggered by the global health pandemic,' chief executive Mike Buck said. 'Despite the difficulties, the company worked hard throughout to progress the application for the exploitation licence for block XX through a complex and lengthy process.' 'We appreciate the patience that many of our shareholders have shown as we continue to work with the Mongolian government to secure the requisite approvals.' 'The formal application for award of the licence has now been submitted to the ministry and we are working with the relevant departments as they process the necessary documentation.' Story provided by StockMarketWire.com

...


64x64

Draft amendments to Law on Investment submitted to Speaker www.montsame.mn

On June 21, MPs Kh.Gankhuyag and D.Unurbolor presented draft amendments to the Law on Investment to Speaker G.Zandanshatar.
With the current Law on Investment in place, a foreign company has to choose its status as a business entity with foreign investment or a representative office prior to starting its business in Mongolia. Furthermore for entities, no less than 25 percent has to be owned by a foreign company through an investment of no less than USD 100 thousand. The MPs considered that the threshold is unnecessary for establishing a business entity with foreign investment. However, it is more suitable to specifically state the minimum amount of investment in Mongolia in the case where an investor and their family applies for a residence permit.
The aforementioned requirement for the minimum amount of investment is likely to cause difficulties for those interested in making further investments after investing a small amount initially. As for representative offices, they are not permitted to run business activities despite there being no restrictions regarding investment. Thus, they developed the draft amendments in a way so that:
• foreign and domestic investors are considered as the same, re-defining the term, ‘business entity with foreign investment’,
• the requirement for a minimum investment of USD 100 thousand is removed for entities with foreign investment, and added the requirement for the case in which an investor and their family apply for a residence permit,
• and developed the corresponding necessary amendments to be made for the Law on State Registration of Legal Entities.
...


64x64

Endline Public Perception Survey for Mining, Communities, Water Management Project by IFC Mongolia underway www.montsame.mn

The Independent Research Institute of Mongolia (IRIM) is conducting “Endline Public Perception Survey for IFC Mongolia Mining, Communities & Water Management Project” commissioned by International Finance Corporation (IFC).
In 2013, IRIM implemented a baseline survey among the communities in the South Gobi region to understand the following issues: access to water, use of water and opinions on mining and water management. From 2014 to 2018, the International Finance Corporation (IFC) implemented project aimed to increasing the participation of mining companies in local water management and improving local people's understanding and attitudes towards water.
In this endline perception survey, representatives of 15 soums in South Gobi region will participate to identify the impact of the project, to determine the progress made by mining companies in fulfilling their commitments to protect water and to assess improvements of local community perception of the mining impact on water management. In quantitative research, 1,067 people of South Gobi region will involve, and will be conducted with local Environmental specialists and representatives of mining companies.
Objectives are to conduct representative population survey of all fifteen soums in the SG region to assess local peoples’ perception of the mining industry’s impact on the local water supply, compared with the results of the 2013 community perceptions survey to assess any changes and/or improvements in community perceptions of the mining industry’s impact on the local water supply and identify whether there are any changes in community perceptions IFC project activities (training, mine site visits, etc.), mining company actions (e.g. community outreach and engagement) and/or government initiatives.
Source: The Independent Research Institute of Mongolia
...


64x64

Mongolian cashmere exported to Italy by land www.montsame.mn

Khanbogd Cashmere LLC shipped 20 tons of cashmere that meet international quality requirements and stardards to Italy on June 2 and the shipment arrived in Italy today, on June 22.
Ambassador of Mongolia to Italy Ts.Jambaldorj handed over the product to Falconeri S.R.L and Lanificio Luigi Colombo S.P.A companies.
Khanbogd Cashmere has previously been exporting its cashmere to Italy in 90 days through China and this time, by land, the cashmere reached its destination in 20 days.
10 of the 20 tons of cashmere holds the Mongolian Noble Fibre certification mark, which certifies that the product is made with 100 percent high quality wool and cashmere sourced from Mongolia, meets Mongolian and international standards for textiles and woven products, and fully complies with quality standards in environmentally-friendly manufacturing.
As 60-70 percent of Mongolia’s cashmere is currenly exported after primary processing, the Ministry of Food, Agriculture and Light Industry and the Mongolian Wool and Cashmere Associaiton are working towards reducing and eventually stopping export of washed cashmere and increasing production and export of value-added products.
...


64x64

COVID-19: 2,231 new cases, 12 deaths reported www.montsame.mn

In Mongolia, 2,231 new cases of COVID-19 were detected from 11,765 tests performed nationwide in the past 24 hours, thus the country’s infection tally has reached 98,050.
According to the Ministry of Health, the majority of the confirmed cases are among young people aged 30-40.
1289 of the new cases were recorded in Ulaanbaatar city, 934 in aimags as well as eight hospital-acquired infections. Specifically, 14 cases were recorded in Bayan-Ulgii, 85 in Bayankhongor, 59 in Bulgan, 42 in Gobi-Altai, 11 in Gobisumber, 57 in Darkhan-Uul, 51 in Dornod, 57 in Dundgobi, 76 in Zavkhan, 54 in Orkhon, 48 in Uvurkhangai, 34 in Sukhbaatar, 43 in Selenge, 157 in Tuv, 32 in Uvs, 25 in Khovd, 85 in Khuvsgul, and 53 in Khentii.
In the past 24 hours, 886 people were recovered, which takes the total number of recoveries to 64,354. Currently, 12,415 people are receiving hospital treatment for COVID-19.
The Ministry of Health also reported that 12 people died from COVID-19, which brings the COVID-19 death toll to 459.
...


64x64

Mongolia’s inflation soars to 6.2 percent www.news.mn

Mongolia’s national consumer inflation reached 6.2% in May, up by 0.7% m/m, according to the country’s national statistics office.
Inflation was 5.6% in April.
The increase was affected by the increased price of consumer goods such as imported alcoholic beverages and tobacco (2.4% y/y), medicine (up 4.5% y/y), and a 5% price increase in housing, water, electricity, gas, and fuels y/y in 5M21.
The prices of imported goods and services increased by 14.3% y/y in the first five months, mainly due to border restrictions from China because of the COVID-19 pandemic.
“From 5M20 to 3M21, the domestic inflation rate fluctuated between 2-3%, falling below the central bank’s target. Analysts say this indicates a decline in economic activity during that period. During the pandemic, the government regulated price reductions for some goods and services. On the supply side, changes in the prices of government-regulated goods and services contributed to higher inflation, according to the central bank. In addition, commodity prices have been rising sharply with the easing of lockdown measures and while the economy recovers,” the American Chamber of Commerce (AmCham) in Mongolia notes in their newswire.
...