Tuesday, December 30, 2014

Mongolia Economic Update - December, 2014

KEY FINDINGS
The Mongolian economy is facing challenges from persistent economic imbalances

Mongolia Seasonings, Dressings and Sauces Market: New market analysis available

(live-PR.com) - Synopsis
Seasonings, Dressings & Sauces Market in Mongolia: Databook to 2017 is the result of extensive market research covering the Seasonings, Dressings & Sauces market in Mongolia.

Mongolia Soups Market: New market information published

(live-PR.com) - Synopsis
Soups Market in Mongolia: Databook to 2017 is the result of extensive market research covering the Soups market in Mongolia.

Capital City Rotary Club brings medical equipment to rural Mongolia

A local Rotary Club effort improved rural Mongolian birthing technology by bringing maternal and pediatric suites to five clinics in the developing country’s outskirts last month.

Mongolia Brief December 30, 2014 Part III



Number of Livestock Reaches almost 52 Million Heads

By B. Khuder
Ulaanbaatar, December 30 (MONTSAME) The National Statistical Committee (NSC) Tuesday released preliminary results of livestock census of this year.

Mongolia Brief December 30, 2014 Part II



Government decides to dissolve 26 foundations

December 30 (news.mn) The government has decided to dissolve 26 foundations including the Clean Air Foundation, the Fund to Support Mongolian Studies, the State Education Training Fund, the Human Development Fund, Mongolian Health Promotion Fund, and Road Fund of Mongolia following research on funding.

Mongolia Brief December 30, 2014 Part I



Turkish Ambassador Meets Minister Oyunkhorol
By B. Amarsaikhan
Ulaanbaatar, December 29 (MONTSAME) Ambassador Extraordinary and Plenipotentiary of the Republic of Turkey to Mongolia Mr Murat Karagoz has met the newly appointed Ministers of Defense, of Food and Agriculture, of Environment Green Development and Tourism and of Foreign Affairs.

Saturday, December 27, 2014

Iron ore price plummets on Chinese black swan talk

The iron ore price plummeted again on Tuesday with Northern Chinese import prices including freight and insurance dropping 3.5% to $65.60 a tonne, down more than 50% this year to levels last seen May 2009.

One dead, 20 hurt in protests against copper mine 
in Myanmar

A woman was killed and over 20 protestors injured on Monday in clashes with police over a copper mine in Myanmar after a Chinese company announced it would resume construction at the site.

DUST, DISPLACEMENT, INTIMIDATION: MONGOLIAN HERDERS ARE UNDER PRESSURE BY IRON ORE MINE

Herders in the Mongolian Gobi Altai mountains are facing pollution and displacement by an iron ore mine.

Russia, China mock divide and rule

The Roman Empire did it. The British Empire copied it in style. The Empire of Chaos has always done it.

Statue Sold for $4.3 Million Despite Mongolia’s Move to Block Sale

A 17th century Mongolian bronze figure was sold for 3.46 million euros ($4.3 million) at an auction in Paris today despite the Mongolian government’s efforts to block the sale.

9% Yields With TDBM's Very Short 10-Month Yankee Bonds, Matures September 2015

Summary

  • Profits have increased eight-fold since 2009.
  • With GDP growth for 2014 expected to be approximately 7%, Mongolia remains one of the fastest-growing economies in the world.
  • Mongolia's largest and oldest bank. 

Former USCA standout Brown to play in Mongolia

Former USC Aiken men’s basketball standout Alvin Brown will begin his international career in Mongolia with the Erdene Drilling Rigs of the National Super League. Brown left Sunday evening for his new team.

World Bank Urges Mongolia to Boost Resilience of Slowing Economy

ULAANBAATAR, December 18, 2014—Vulnerabilities in the Mongolian economy demand actions to bolster its resilience, according to the World Bank’s latest Mongolia Economic Update.

Meeting in China stresses road development

Trans. by D.SERGELEN

Mongolia Fortified Wine Market: New market analysis released

(live-PR.com) - Synopsis
Fortified Wine Market in Mongolia: Databook to 2017 is the result of extensive market research covering the Fortified Wine market in Mongolia.

Falling RUB exchange rate to benefit Mongolia

Trans. by B.DULGUUN

Mongolia Growth Group Announces Corporate Re-Alignment

Toronto, Ontario (FSCwire) - Mongolia Growth Group Ltd. (YAK ‐ TSXV and MNGGF - USA) (“MGG”) or (“the Company”) a commercial real estate investment and development company participating in the dynamic growth of the Mongolian economy announces a corporate re-alignment in order to dramatically reduce costs in-line with current Mongolian economic realities.

Kuwait, Mongolia discuss bilateral ties

KUWAIT, Dec 17 (KUNA) -- Kuwaiti Ambassador to Mongolia Khaled Al-Fadhli discussed with Mongolia's Foreign Minister Purevsure Lundeg means of promoting and developing bilateral cooperation in all domains.

Fitch Affirms Mongolia's Khan Bank at 'B', Outlook Negative

(The following statement was released by the rating agency)

Fitch Affirms Mongolia's XacBank at 'B', Outlook Negative

(The following statement was released by the rating agency)

Mapping Mongolia’s Urban Ger Areas in Ulaanbaatar

Infrastructure in Mongolia’s sprawling capital Ulaanbaatar has not kept up with the rapid growth of unplanned ger areas within the city, leading to harsh conditions for newcomers.

Research and Markets: Poultry and Livestock Market in Mongolia: Business Report 2014

DUBLIN--(BUSINESS WIRE)--

Texan to Help Mongolia Sort Out Its Finances

AUSTIN, Tex. — Early next year, John Barton will step off a plane and look out over the snow-capped foothills surrounding the Mongolian capital of Ulan Bator.

Mongolia Brief December 26, 2014 Part III



Standing Committee Head Receives World Champion J.Nurlan

By B. Khuder
Ulaanbaatar, December 26 (MONTSAME) Head of the parliamentary Standing committee on state structure A.Bakei Friday received J.Nurlan, a gold medalist of the 2014 Bodybuilding World Championships held this month in Mumbai, India.

Mongolia Brief December 26, 2014 Part II



Speaker asked to apologize to MNB
December 26 (news.mn) The State Great Khural appointed members of the National Council of Mongolian National Broadcaster Television and Radio (MNB) during Thursday's plenary session meeting. But the Speaker of Parliament made remarks against MNB that outraged staff and workers of the broadcasting company.

Mongolia Brief December 26, 2014 Part I



Minister Erdene Receives Volunteers
By B. Amarsaikhan
Ulaanbaatar, December 26 (MONTSAME) The Minister of Population Development and Social Welfare Mr S.Erdene received Thursday the members of the “Mongolian Ray-Union of Youth” NGO.

Banks in Mongolia facing weaker profits this year

Banks in Mongolia are facing weaker profits this year as one of Asia’s fastest growing economies cools, triggering a downpour of higher borrowing costs and an increase in non-performing loans, while credit rating agencies are watching the banks’ vulnerability to China’s continued economic slowdown.

Mongolia to negotiate with int'l investors on coal project - Official

An official said that the Mongolian government will start talks with an international consortium on giant coal project Tavan Tolgoi on January 5th 2015.