Mongolian Economy and Finance
This blog is all about economic and financial events happening in Mongolia.
Thursday, May 23, 2013
Prime Minister holds online discussion with heads of diplomatic missions
Prime Minister N.Altankhuyag conducted an online discussion with the ambassadors and heads of diplomatic embassies and consulates from Mongolia to foreign countries.
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Prime Minister
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Political parties express support for presidential candidates
The Civil Will-Green Party (CWGP) and Mongolian National Democratic Party (MNDP) have officially claimed that the parties will support the Democratic Party’s (DP) presidential candidate, Ts.Elbegdorj.
Prime Minister introduces the spending of Chinggis Bond
Prime Minister N.Altankhuyag made a statement regarding the spending of the 1.5 billion USD Government Bond or Chinggis Bond during the Plenary Session meeting of the Parliament held last Friday.
Limping economy
Q: – When will loan rates of Mongolian banks get reduced from double digit to a single digit?
A: – When our economy stands on both of its legs rather than just one of them.
A: – When our economy stands on both of its legs rather than just one of them.
‘Aravt’ wins best film award
The prestigious Cannes Film Festival, which selects the best of the best films, documentaries, and all other genres of films around the world, is taking place at the moment in the city of Cannes in France.
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Entertainment
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ONE OF THE BEST BULL MARKETS IN THE WORLD — MONGOLIA IS A “BUY”
Find the best bull markets in the world. Get in early. Buy the best assets. Ignore the volatility. And enjoy the ride.
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Investment
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Inner Mongolia: Herders Attacked In Land Dispute
Mongolian herders were attacked by over 100 Han Chinese settlers as they defended their grazing lands.
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Inner Mongolia
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T. Rex suit takes Texas lawyer to NYC and Mongolia
A victory in civil and criminal litigation over the New York City auction of a smuggled Tyrannosaurus Rex skeleton last year hasn't just earned legal fees for Texas attorney Robert Painter.
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archaelogy
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Wednesday, May 22, 2013
Universiade Sports Festival concludes
The National Institute of Physical Education was ranked first place at the 3rd Mongolian University Sports Festival, more popularly known as the Universiade Sports Festival, after the overall results were announced on Monday in its closing ceremony.
More security patrols during tourist season
Mongolia has been named one of the unfriendliest countries for tourists to visit.
International Day for Biological Diversity
Today, May 22nd, is the International Day for Biological Diversity.
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United Nations
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Asashoryu becomes Democratic party member
The 68th Grand Champion of professional sumo wrestling, Asashoryu D.Dagvadorj, announced that he will become a member of the Democratic party (DP) by receiving a membership certificate today on May 22nd.
Terrorist suspect forced to leave Mongolia
One of the three arrested terrorist suspects was forced to leave Mongolia.
Researchers uncover new global cyberespionage operation dubbed Safe
Security researchers from Trend Micro have uncovered an active cyberespionage operation that so far has compromised computers belonging to government ministries, technology companies, media outlets, academic research institutions and nongovernmental organizations from more than 100 countries.
Poverty Rate Came Down to 27.4 Percent in 2012
The National Statistical Office of Mongolia (NSO) has been conducting the Household Income and Expenditure Survey (HIES) since 1966.
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Statistics
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Inner Mongolia, Guangdong to promote new products
Hohhot (CNS) -- A press conference for a week-long activity aimed at promoting cooperation between Guangdong province and Inner Mongolia was held in Hohhot, Inner Mongolia, on Monday.
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Inner Mongolia
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Speaker of the Polish Senate here on official visit
Speaker (Marshal) of the Polish Senate Bogdan Borusewicz arrived here on Monday to conduct a four-day official visit at the invitation Speaker of the Parliament Z.Enkhbold.
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Official visit
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Li3 Energy and Blue Wolf Mongolia Holdings Corp. Enter Into Merger Agreement
SANTIAGO, CHILE--(Marketwired - May 21, 2013) - Li3 Energy, Inc. (OTCBB: LIEG) ("Li3"), a US-listed and South America-based global exploration company in the lithium and minerals sector, and Blue Wolf Mongolia Holdings Corp. (NASDAQ: MNGL) ("Blue Wolf"), a British Virgin Islands blank check company formed for the purpose of effecting a business combination, announced their entry into an Agreement and Plan of Merger for an initial business combination.
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Merger and Acquisition
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Police Probe Fresh Clashes in Inner Mongolia
Chinese authorities in Inner Mongolia are investigating fresh clashes between ethnic minority Mongolian herders and Han Chinese settlers over land, as Beijing continues to expand farming and mining in the area, an official source said on Monday.
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Inner Mongolia
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Houston attorney who helped save dinosaur bones wins Mongolia's highest honor
A Houston attorney who helped to return a rare Tyrannosaurus skeleton to Mongolia has received that Asian nation's top honor - the Order of the Polar Star.
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archaelogy
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Monday, May 20, 2013
Energy and Security: Natural Gas and the Example of Pakistan
By Paul Sullivan,
Georgetown University
Georgetown University
Mongolia ranks 91st in State of the World’s Mothers report
As part of U.S. observed Mother’s Day holiday on May 12, international organization, Save the Children presented its 14th annual State of the World’s Mothers report.
Advocating for employment of former inmates
The Songinokhairkhan District Labor Department, under the Ministry of Labor, Songinokhairkhan District Prosecutor’s Office and the district’s Police Department held a “Supporting employment of former inmate citizens” event yesterday.
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Employment
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US bank authorises US$500m loan for Oyu Tolgoi
The Export-Import Bank of the United States said its directors had authorised a US$500 million loan for development of Rio Tinto’s Oyu Tolgoi copper-gold project in Mongolia.
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Oyu Tolgoi
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Prophecy Coal shares surge on 25 year power tariff agreement with Mongolian government
Prophecy Coal said that the numbers are in line with its final proposal submission to the Mongolian Ministry of Energy in February of this year.
MPP claim case against incumbent Ts.Elbegdorj
The former ruling party, the Mongolian People`s Party (MPP) claimed that President Ts.Elbegdorj violated the law on the Election of the President of Mongolia and made a plea to the Authority for Fair Competition and Consumer Protection.
JCB, Bank of Mongolia and Trade and Development Bank of Mongolia Sign Master Acquiring License Agreement
Tokyo and Ulan Bator, May 16, 2013 - (ACN Newswire) - JCB International Co, Ltd. ("JCBI"), the international operations subsidiary of JCB, Bank of Mongolia ("BOM"), chair of the nationwide payment network, and Trade and Development Bank of Mongolia ("TDBM"), a major commercial bank in Mongolia, are pleased to announce the signing of a Master License agreement for merchant acquiring.
Sunday, May 19, 2013
14 Mongolian judokas going to World Masters
Fourteen judokas of Mongolia are qualified to take part in the IJF (International Judo Federation) World Masters tournament, in which the 16 highest-ranking judokas in the World Ranking list in each of the weight classes compete against each other.
Basketball team heads to East Asian Championship
The Mongolian men’s basketball team has left for Incheon, South Korea to participate in the 2013 East Asian Basketball Championship for Men.
Mongolia considers re-establishing Embassy in Malaysia
It has been seven years since Mongolia has not had an ambassador to Malaysia.
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Foreign relations
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