In a meeting on April 20th, the National Committee to Reduce Environmental Pollution, led by the Prime Minister, made a decision to provide cleaner fuel to 202 thousand households living in the air quality improvement area.
The International Finance Corporation, a World Bank group organization, held its first session on best practices and principles to attract foreign investment.
The World Economics has prepared a Sales Managers Index /SMI/ report, which provides an overview of the short-term economic outlook for Mongolia.
According to a report by Communications and Information Technology Authority, the number of mobile phone users in Mongolia reached 3 million 886 thousand in 2017.
Ulaanbaatar /MONTSAME/ Delegates led by the Mongolian People’s Party (MPP) Secretary General D.Amarbayasgalan visited the Democratic People’s Republic of Korea (DPRK) at the invitation of Workers’ Party of DPRK.
Opening ceremony of the World Book Day was held in front of the Central Sports Palace.
External Affairs Minister Sushma Swaraj will be on a two day visit to Mongolia from 25th of this month. This will be the first visit of Swaraj to Mongolia. The last visit of Indian External Affairs Minister to Mongolia was 42 years ago.
On April 19, the Legal Standing Committee members N. Uchral, L. Bold and N. Oyundary met with IMF’s Asia Pacific Region AML/CFT Advisor Clive Scott regarding Parliament’s discussion on amendments to money-laundering and terrorism financing laws.
On April 19, Transparency International Mongolia held a dialogue on “Political Party Funding and Preventing Corruption.”
The total assets of the domestic insurance market equals 0.9 percent of the GDP, an increase of 0.03 point compared to 2017.
On April 20, Xacbank organized the second annual “Green Financing Forum” in cooperation with the Green Climate Fund and the Energy Regulatory Commission.
The Mongolian Automobile Distributors’ Association /MADA/ reported that its dealers saw an increase in sales of 40 percent in the first quarter of 2018, selling 610 automobiles, with more than 70 percent of those sold being SUVs.
The Governor of the Bank of Mongolia, N. Bayartsaikhan, stated that BoM will gradually eliminate issuing financial securities and will adopt a more traditional system to be able to purchase in the secondary market of government securities.
During the regular session on April 18, Cabinet approved plans to build a parking lot in Khairkhan, an administrative subdivision of Khanbogd soum in Umnugobi province.
MP and Chairman of Parliamentary Standing Committee on State Structure meets Mongolia Country Representative of the Asia Foundation Mark Koenig. Mr Koenig expressed the Asia Foundation's interest in cooperating with Mongolia on local governance and legal status of the Capital. Minister of Mining and Heavy Industry Sumiyabazar Dolgorsuren schedules an official visit to France late July to attend World Nuclear Exhibition 2018 in Paris.
Erdenes Tavan Tolgoi JSC reports that the company intends to implement a program to achieve the goal of zero-accident rate by introducing ISO 31000 risk management standard. The program will be launched by a ‘Start’ signal on April 23 in its mine and all contractor companies will join it.
Authorities of Gashuunsukhait border checkpoint informed that coal trucks are passing through three entry ports in Gantsmod border checkpoint starting from this Monday. Presently, six entry ports are operating for vehicles exiting Mongolia through Gantsmod border checkpoint.
Ministry of Mining and Heavy Industry held its regular press briefing ‘Transparent and Accountable Mining’ yesterday. At the press conference, Minister of Mining and Heavy Industry Sumiyabazar Dolgor briefed on the first quarter statistical report of the sector.
Moody's Investors Service upgraded the long-term local currency deposit ratings of Golomt Bank LLC and Trade and Development Bank of Mongolia LLC (TDBM) to B3 from Caa1. Moody's has also upgraded each bank's baseline credit assessment (BCA) and adjusted BCA to b3 from Caa1.
On April 20, the Land Office of Ulaanbaatar will organize public auction for 29 different locations available for development.
The Mongolian Stock Exchange released its 2017 annual report.
The general assembly of the Interregional Standardization Association /IRSA/ is being held in Ulaanbaatar from April 18-19. More than 40 delegations from Turkey, Mongolia, Azerbaijan, Georgia, Kyrgyzstan, Uzbekistan, Moldova, Kazakhstan, Ukraine and Belarus will participate in the general assembly.
The Ministry of Mining and Heavy Industry held a press conference titled “Transparent Mining” in order to give a briefing on the 1st Quarter report for the mining sector. As of the first quarter of 2018, mining accounted for 448.2 billion MNT in revenue in the state budget. 262 thousand tons of petroleum have been extracted as of April 11, with 53.3 billion MNT in revenue.
Turquoise Hill Resources today announced first quarter 2018 production for Oyu Tolgoi. Jeff Tygesen, Chief Executive Officer of Turquoise Hill, said, “Oyu Tolgoi’s first quarter production was in line with expectations.
The fast expansion of global smartphones market had massive surge in Mongolia's IT industry as 3G data usage grew by 51 percent, (from 17.4 terabyte to 26.3 terabyte) last year, according to the Communications Regulatory Commission of Mongolia (CRC). The CRC has recently released the 2017 key indicators of telecommunication sector.
Xanadu Mines has recently reported that it determined the finding of a gold grain from samples taken at Kharmagtai Copper-Gold Project area that is located in Umnugobi aimag. 12 samples taken from Kharmagtai Deposit sent for additional analysis for determining the location of the gold. Ongoing test work shows that gold should report to a copper concentrate as free gold inclusion.
In 2017, export sales of MSE tier II listed ITools JSC, a national online and internet services provider, increased by 36 percent yoy. The company exported over MNT 60 million worth products to 12 countries including Japan, Russian Federation, People’s Republic of China, UK and Australia in 2017.
Mongolian Stock Exchange has announced that the 40 percent stake of Telecom Mongolia JSC, MSE Tier II listed firm, will be transferred to the Government of Mongolia in a package deal. KT Corporation, formerly known as Korea Telecom, previously publicized to sell its stake in Telecom Mongolia JSC to the GoM.
To prevent the spread of foot-and-mouth disease and improve the management of veterinary health standards, Cabinet approved the purchase of 7.2 million vaccination doses from Russia.
Minister of Health D. Sarangerel paid an official visit to Japan and met with her Japanese counterpart, Minister of Health, Labor and Welfare of Japan Kato Katsunobu.
The Ministry of Foreign Affairs and Trade and Commerce Representative Office of the Russian Federation in Mongolia held a Mongolia-Russia business meeting in the Altanbulag free-trade zone (FTZ).
The State Information and Communication Department hosted a discussion on the Current Situation and Challenges of Information Security, in cooperation with the Mongolian Bar Association.
In terms of the handball developmental cooperation between IHF and IOC, Olympic Solidarity Coaching Course was effectively held at the second time in Ulaanbaatar, Mongolia from April 9th to 15th, 2018, in conjuction with the Mongolian Handball Federation (MHF) and National Olympic Committee (NOC) Mongolia.
This year, Standart Noos JSC is planning to purchase 300 tons of wool from herders for preparation according to marketinfo. The company will have the necessary capacity after the completion of wool washing facility equipment installation and construction of a new warehouse.
President of Mongolia Battulga Khaltmaa has made a phone call to President of the Republic of Azerbaijan Ilham Aliyev. Mr Battulga congratulated Ilham Aliyev on his victory in the presidential election, and wished him success in his presidential activities towards ensuring the well-being of the people and state of Azerbaijan.