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

Mongolia launches campaign to reduce violent crime www.xinhuanet.com

ULAN BATOR, March 5 (Xinhua) -- Mongolia has launched a national campaign to reduce violent crimes, including murder and assault, the National Police Agency said Tuesday.

"The number of crimes against human life and health in Mongolia has significantly increased over the last five years. Adopting a positive attitude and learning how to curb your anger are important to reducing these types of crimes," the National Police Agency said in a statement.

During the month-long campaign called "one moment to understand each other", police officers and artists are expected to give lectures at schools, universities and other organizations on adopting a positive attitude.

According to the National Police Agency, a total of 36,220 criminal cases were recorded across the country in 2018, with roughly 30 percent categorized as violent crime. Enditem

...


64x64

Mongolia wants more Chinese tourists www.news.mn

ULAN BATOR, March 5 (Xinhua) -- Mongolia has been striving to attract more Chinese tourists in a bid to bolster growth in the mining-dependent economy, an official said Tuesday.

Mongolia attracted a total of 529,370 foreign tourists in 2018, up 11.01 percent from the previous year, Dagvajamts Batsukh, head of Ulan Bator's tourism department, told Xinhua in an interview.

More than 30 percent of these foreign tourists were Chinese, said Batsukh, noting that China has been the biggest market for Mongolian tourism for many years.

"Mongolia is said to be one of a few countries which retained its ancient culture and traditions and the nomadic lifestyle. We have a unique chance to develop tourism by promoting the nomadic lifestyle," Batsukh said.

In 2019, the Ulan Bator's tourism department plans to organize many cultural and sporting events to attract more tourists from international markets, especially from China, Batsukh said.

"Particularly, the tourism department is now cooperating with the Chinese side to organize Culture and Tourism Days of Ulan Bator in major cities of China's Inner Mongolia Autonomous Region, like Hohhot, Baotou and Ordos, in late April," he said. "China is the most important market for our country's tourism."

"As China's economy expands rapidly, the number of Chinese citizens visiting other countries has been dramatically increasing. I believe that Mongolia has the full potential to attract more tourists from China," Batsukh said, highlighting his country's geographic location.

In addition, Ulan Bator will organize an annual international motorsports festival entitled the "Steppe wind" on June 8-9 in the city.

At least 100 motorcyclists each from China and Russia are expected to participate in the fifth edition of the festival, he said, adding that 50 motorcyclists from the two countries each attended the festival last year.

But tourism development faces several obstacles, Batsukh told Xinhua.

"The lack of direct flights linking Mongolia and other countries, poor tourism infrastructure and the low human resource are major challenges facing tourism development in the country," the official said, adding that Ulan Bator has been paying special attention to these problems.

Mongolia has set a goal of hosting 1 million foreign tourists and earning 1 billion U.S. dollars from tourism in 2020.

...


64x64

TVET UK opens the door in Mongolia by MBD www.mongolianbusinessdatabase.com

TVET UK is set to ratify an MoU with MBD in London on March 28. 2019 during the MBCCI's "Doing business with Mongolia" seminar for its TVET UK Skills Network online training program and further institutional development in the country. Some of the qualifications of the courses are UK accredited and certified which are accepted globally.

TVET UK (Technical Vocational Education and Training UK) is the UK’s only organisation dedicated to exporting the capabilities of the technical and vocational education sector. Its members are the UK’s leading education providers and suppliers with a wealth of experience in delivering a diverse range of international commercial projects.

MBD (Mongolian Business Database NGO) is the project managed by B2B Mongolia which aims to be a "Bridge of the business with Mongolia". Its global B2B portal www.mongolianbusinessdatabase.comis number 1 ranking website on Google's "Mongolia business or/and Business Mongolia" search according to the business visitors access from appx 90 countries as of today (Google analytics report).

...


64x64

Erdenet copper scandal: arrests in UB www.news.mn

Earlier today (5 March) Mongolian police arrested D.Erdenebileg, owner of the Trade Development Bank of Mongolia (TDBM). The businessman was arrested from his apartment in the Khan-Uul District of Ulaanbaatar. Another arrest was that of former CEO Ts.Orkhon, who was handcuffed at his office. In addition, Ts.Purevtuvshin, CEO of Mongolian Copper Corporation (MCC) was brought to the police station for questioning.

MP L.Oyun-Erdene said that D.Erdenebileg played a large role in MCC and in the purchase of 49 percent of the Erdenet Mining Corporation from Russia. However, Ts.Purevtuvshin has denied that TDBM was involved in the purchase.

MCC purchased the Erdenet mine from Russia in 2016 with the approval of then Prime Minister Ch.Saikhanbileg, though parliament says it never endorsed the sale. Erdenet is one of the region’s largest copper mines, producing 530,000 tonnes of copper concentrate a year.

...


64x64

Energy Minister pays official visit to Czech Republic www.montsame.mn

Ulaanbaatar/MONTSAME/ Minister of Energy Ts.Davaasuren recently paid an official visit to the Czech Republic at the invitation of Czech Minister of Industry and Trade Marta Novakova.
 
Within the visit, Mr. Davaasuren held official meeting with Ms. Marta Novakova, Czech Minister of Industry and Trade, at which the parties expressed interest to develop bilateral cooperation in energy sector, especially in the fields of renewable energy and hydropower plant and exchanged views on building decent source of energy, increasing the capacity of energy grid and conducting joint researches.
 
Moreover, Mr. Davaasuren met with Mr. Stanislav Berkovec, Member of the Chamber of Deputies of the Parliament, chairman of Election Committee of the Parliament and member of Czech-Mongolia inter-parliamentary group. They discussed about expanding bilateral economic and trade cooperation, implementing joint projects and programs and strengthening ties of businessmen.
 
Energy Minister Davaasuren also held a meeting with Senator Mr. Jaroslav Doubrava and exchanged views on cooperation opportunities of energy sector.
 
Mongolian delegation headed by Mr. Davaasuren visited ‘ZPA Smart Energy’ Company that is implementing smart electricity meters and modern metering system at ‘Ulaanbaatar Electricity Distribution Network’ Company, where the sides shared views on further cooperation in reducing energy loss and strengthening reliable operation of the network.
 
As a part of the visit, the delegation saw operations of Les Kralovstvi hydropower plant on the River Elba.
...


64x64

IMF: Mongolia’s economy expected to grow up by 8 percent in 2019 www.montsame.mn

Ulaanbaatar /MONTSAME/ Speaker of the parliament G.Zandanshatar received Neil Saker, International Monetary Fund (IMF) Resident Representative in Mongolia on March 4.  

At the meeting, Mr. Neil Saker briefed cooperation between the Government of Mongolia and IMF, Extended Fund Facility Program (EFF), its implementation and progress.

He said “IMF staff team has conducted the sixth review of EFF program in November, 2018. According to the review, Mongolia’s macro-economic indicators stand positive and all objectives have been fulfilled. Moreover, IMF considers that the Mongolian government made a big achievement in overcoming its economic crisis. As a result of the program, the country’s economic growth is expected to be around 8 percent in 2019, which was 1.2 percent in 2016. By improving budget integrity and discipline, the government had fiscal surplus last year for the first time. Furthermore, amount of Government debt has considerably decreased.”

Emphasizing that Mongolia’s economic growth has being accelerated with increased investment and improved budget discipline as the country got involved in IMF EFF program, Speaker G.Zandanshatar expressed his gratitude. ”Mongolia has a necessity to diversify its economy and it is required to implement a policy targeted to export and finance projects and programs in this direction.”

...


64x64

Mongolian central bank's gold purchase continues to decline www.xinhuanet.com

ULAN BATOR, March 4 (Xinhua) -- The Bank of Mongolia announced on Monday that its purchase of gold declined by 81 percent year on year in February.

The central bank has purchased 84.1 kg of gold from legal entities and individuals last month.

The dramatic decline was mainly related to the expiration of the effective period of low royalty taxes on gold with the 2014 amendments to the Minerals Law, according to experts from the Bank of Mongolia.

The 2.5-percent of discounted royalty on gold mining ended on Jan. 1. From then on, 5 to 10 percent royalty taxes on gold mining have been imposed on miners.

The Mongolian Minister of Mining and Heavy Industry Dolgorsuren Sumiyabazar has recently submitted a draft bill on extending the low royalty taxes to the country's parliament, according to the bank.

Gold miners in the resource-rich country are highly anticipating the discounted royalty taxes on gold to be extended.

The Mongolian central bank purchased only 12.7 tons of gold in 2014. Thanks to the low royalty taxes on gold with the 2014 amendments, the central bank's annual gold purchase almost doubled to 22 tons in 2018.

...


64x64

Plastic bag ban implemented across Mongolia www.news.mn

A ban on single-use plastic bags across Mongolia came into force on Friday, (1 March) aiming to protect the environment and public health.

Plastic bags are the most common kind of litter in the world and pose a threat to the environment, as well as the health of humans and animals. Uranchimeg, who is director of the clean technology at the Investment and production division at the Mongolian Ministry of Environment and Tourism, noted that for this reason the Mongolian government has decided to ban the use, sale, import and production of single-use plastic bags thinner than 0.035 mm across the country.

The Mongolian Customs General Administration and Mongolian State Professional Inspection Agency will monitor the ban’s implementation.

Individuals and enterprises that violate the ban will be fined from MNT 300,000 (around 114 U.S. dollars) to MNT 1 million (about 380 dollars).

It is estimated that more than 2 million tons of waste, including 500,000 tons of plastic waste, are produced in the country each year. Out of the plastic waste, less than 10 percent is recycled, according to the Mongolian Ministry of Environment and Tourism.

...


64x64

EMC’s debt to Standard Bank soars to USD 130 million www.zgm.mn

EMC’s debt to Standard Bank soars to USD 130 million

zgm.mn 2019 03 05

Chief Cabinet Secretariat Oyun-Erdene Luvsannamsrai and MPs including Batzandan Jalbasuren and Bold Luvsanvandan held a press conference at the state palace, yesterday, on the reportedly new facts regarding ownership and purchase of Erdenet Mining Corp.’s (EMC) 49 percent stake. 49 percent of the EMC was brought to Mongolian ownership after Mongolian Copper Corporation (MCC) purchased it from Russia’s Rosneft in 2016. The purchase has since been under considerable political battle since. The facts disclosed today reportedly revealed that the financial scheme the stake was bought, but failed to provide any indication that the purchase was illegal. According to the officials, the case is still under investigation, for the third year.

After being inquired about the fate of Mongolian Government owned 51 percent stake of the same factory, officials led by Mr. Oyun-Erdene said the case is under review. The 51 percent stake owned by the Government of Mongolia has been collateralized at the Standard Bank of South Africa in 2009. Failure to pay the debt led to an arbitral decision. As of today, total amount of fine Mongolian Government, namely the EMC owes the Standard Bank has totalled USD 130 million.

Regarding false accusations made by the Chief of Cabinet Secretariat, Purevtuvshin Tsooj, CEO of MCC turned to the court late last week.

 
 
...


64x64

Mongolian hockey team leads the group at ‘Challenge Cup of Asia’ www.montsame.mn

Ulaanbaatar /MONTSAME/ Mongolian team is leading the group with two wins at the ‘Challenge Cup of Asia’ tournament organized by the International Ice Hockey Federation (IIHF) in Kuala Lumpur, Malaysia.

National teams of Malaysia, Mongolia, Singapore, the Philippines, Indonesia, Macau and Oman are competing in the two groups. Mongolian team, which is in Group A with Malaysia, Singapore and the Philippines, beat Malaysian team in the first group match 9-5. On March 4, our team won the second match, beating Singapore national team 13-3. The last group match will be held with Philippines on March 6.

Last year, Mongolian national hockey team turned a new page in the national hockey history, becoming the champion of 2018 IIHF Challenge Cup of Asia.

...