City Governor bans exploration and transportation of mining products
April 20 (UB Post) The Ulaanbaatar City Governor released a decree temporarily banning all exploration and transportation of the main mineral products in the central region last Friday.The decree aims to provide room for discussion regarding the regulation of heavy duty truck use around the region.
The governor’s decree gave instructions to related organizations to temporarily cease all exploration and transportation of main mineral products in the central region. The halt is in place until mining companies have built heavy duty roads and established a logistics center using their own funding to address the increasingly deteriorating roads caused by unregulated use of heavy duty vehicles.
Furthermore, the Capital City Roads Authority was made responsible for providing consultation on establishing a logistics center and heavy duty roads.
The Ulaanbaatar City Governor also asked related organizations to enforce the environmental rehabilitation work of mineral exploration license holders, and if need be, cease mineral exploration licenses.
In accordance with the new decree, construction material companies and construction companies are required to establish two spaces outside and inside of their operation site for truck wheel cleaning. Failure to comply with the new requirements will result in the suspension of operation permits, according to the capital city authority.
Ambassador S.Khurelbaatar: President returns to Mongolia with health service ideas
April 20 (UB Post) The President of Mongolia Ts.Elbegdorj is returning in good health to Mongolia after undergoing surgery in Japan. He is also initiating certain works to bring Japanese remedies and treatments to Mongolia. In particular, the President is returning to Mongolia with a hospital team, who will perform good-quality health services.
The following is a phone interview with the Ambassador Extraordinary and Plenipotentiary to Japan S.Khurelbaatar, released by Mass Media News Agency.
Good evening. You are in contact with the President of Mongolia, who is undergoing treatment in Japan. How is his health condition?
President Ts.Elbegdorj had spine surgery in the hospital at Tokyo University. The President’s surgery, considered to be one of the most difficult operations, went successfully, and he is recovering quickly. Doctors said he can return home after a few days.
The Prime Minister of Japan, Shinzo Abe, had a meeting with the President. Is the President having other meeting besides undergoing treatment?
Yes he is. The President held several official meetings after leaving the hospital. Firstly, the Prime Minister of Japan Mr. Shinzo Abe invited the President to his office and they had brunch together, where the two sides shared views on certain issues. Many officials and authorities of Japan also visited President Ts.Elbegdorj. A senior policy maker from the ruling Liberal Democratic Party of the Japan Yasuhisa Shiozaki and the secretary of the party’s “Japan-Mongolia friendship group Hayashi”, the delegation of economists, as well as other officials visited the President and held meetings.
What issues were touched upon and discussed during the meeting between Shinzo Abe and Ts.Elbegdorj?
During the meeting, Shinzo Abe and President Ts.Elbegdorj commented that the relations between Mongolia and Japan are at their most pleasant time and are speedily developing at a high level in a friendly atmosphere. Both sides also pointed out that the friendly individual relations of leaders are having a good influence on the two country’s relations. The parties also noted that the mid-term program to develop strategic relations, established in result of Shinzo Abe’s visit to Mongolia and President Ts.Elbegdorj’s visit to Japan last year, was being successfully implemented. Also they emphasized that the events and measures, stated in the program, should be developed further.
Did they discuss the results of “Ulaanbaatar talks and agreement”, made during Shinzo Abe’s visit to Mongolia?
Prime Minister Shinzo Abe highly valued the significance of the “Ulaanbaatar talks and agreement” initiative and Mongolia’s contribution in providing regional security and sustainability. Shinzo Abe said that due to this initiative, talks and negotiations between Japan and North Korea are advancing with the support of Mongolia, and he thanked President Ts.Elbegdorj for paying attention to it himself. Also Mr. Shinzo Abe commented that he has interest to cooperate with Mongolia in providing sustainable security in North-East Asia, and to expand cooperation in the Asia and Pacific region, as well as to promote and support Mongolia in joining regional integration and mechanisms of cooperation.
What other issues, beneficial to Mongolia, are going to be resolved?
Prime Minister Shinzo Abe has promised several things to President Ts.Elbegdorj. Japan promised to assist and support Mongolia to implement a large project that will help sustainably develop Mongolia’s economy. He promised to assist in preparing relevant human resources, who will be able to implement the project. During last year’s visit to Mongolia, Shinzo Abe decided to grant a soft loan of 7.5 billion JPY, dedicated to train a thousand Mongolian youth in engineering and technical professions as promised. Also he said that Japan has finalized the decision to build a hospital with 200 beds and the latest modern diagnosis and treatment equipment for the Mongolian people, with grant aid from the Government of Japan. The Japanese side also expressed satisfaction in the successful construction procedure of the new international airport in Mongolia and promised to conduct studies for Mongolia to build a freight and transportation center, which connects Europe and Asia.
That is great news. Can you please give more detailed information on the building of a new hospital?
During the meeting President Ts.Elbegdorj expressed thanks for the great service and treatment provided by the hospital as well as thanking the Japanese side for receiving his request to build a modern hospital, in order to deliver the good-quality services of Japanese hospitals to ordinary Mongolian citizens. It is our pleasure to announce that the President’s health is now in a good condition, and that he is initiating some work to bring Japanese treatments and health services to the Mongolian people. In particular, the President is returning to Mongolia with a hospital team that will perform good-quality health services. Also, he had several talks with officials and public organizations to implement several health services. The team of Japanese cardio surgeons and doctors promised to visit Mongolia for short and long periods to do surgery for Mongolian children with health issues.
Crane falls on road due to soil subsidence
April 20 (UB Post) A construction crane situated next to S-Outlets fell across Sun Road at around 6 p.m. on Friday night. The accident caused no casualties.
The crane is owned by S-Outlets shop and it was being using for constructing the S-Outlet annex.
The crane operator explained that he had not overloaded the crane but that a sudden soil slump was responsible for the accident. However an inspector of the State Specialized Inspection Agency (SSIA) P.Dashdavaa said, “We will find out whether the crane was overloaded when the weight of the fallen crane part becomes clear. Any crane must be positioned on a certain spot only after it is proved that the soil in that location will not subside, according to regulations.”
He added, “A safety specialized expert must work at any construction site while any cranes are being used for transporting construction materials. Yet, only the crane operator and the shop manager were working on the crane. According to the preliminary assessment, the main cause of the accident was soil subsidence. No soil research was done before placing the crane.”
When the crane fell onto the road, no cars or civilians were passing by.
The official assessment from the police and SSIA will be released shortly.
Prime Minister gives nod to Oyu Tolgoi second phase funding
April 20 (UB Post) The Mongolian Mining Journal printed a letter sent from Prime Minister N.Altankhuyag addressing the CEO of Rio Tinto, Sam Walsh, dated March 27, in which he gives the go-ahead for Oyu Tolgoi’s second phase of financing, some four to five billion USD, without the completion of the feasibility study.
The standoff between Rio Tinto and the Mongolian Government began early last year, when Mongolia blamed Rio Tinto for a number of issues including overspending on the initial estimated budget and completion of a pre feasibility study at the Oyu Tolgoi copper and gold project. This resulted in Rio Tinto’s unit, Turquoise Hill Resources, which controls 66 percent of Oyu Tolgoi, to backtrack on the second phase investment and the laying off of approximately 2,000 contractors at the underground mine.
Progress on the resolution of these issues has been slow, despite several discussions held both in London, where Rio Tinto is based, and Ulaanbaatar.
In his letter to Walsh, N.Altankhuyag said that talks on financing the mine’s further development can be resumed without waiting for the completion of the feasibility study, while noting that the Government was not responsible for the delay in deciding on the issue.
The following is the letter by the Prime Minister to Rio Tinto’s CEO.
Dear Mr. Walsh,
I, as Prime Minister of Mongolia, would like to note that the Government of Mongolia is making solid endeavors to move our joint Oyu Tolgoi project to the next stage with the introduction of a new team and new approaches for the last one and a half years. Even though we are making progress through our mutual efforts, there are further accomplishments still needed for a successful Oyu Tolgoi.
Thus I am addressing you directly as we are reaching a significant stage to strengthen the relationship between your company and Mongolia. While the start of production of Oyu Tolgoi in 2013 was a great achievement and an important milestone, it is of the utmost importance for my Government and for the Mongolian people that Oyu Tolgoi proceed as soon as possible with the underground mine development. We are thus most supportive of the Project Financing needed for the next stage of this most important project.
Through both parties’ constructive discussions, there are only a very limited number of issues that remain outstanding between Rio Tinto (RT) and Erdenes Oyu Tolgoi (EOT). We are confident that these issues can be readily solved in accordance with normal international business practices, as was stated in the EOT letter to RT of 19 February, 2014.
We stressed the importance of RT maintaining a positive stance in addressing the public, but instead of that we have received a press release proposal from Mr. Jean Sebastian Jacques, which was insisting on a request to extend lenders’ commitment to 31st December 2014. It is unfortunate that we acknowledged the doubtful approach for finalizing the project financing in such an extended period of time.
Even though the updated Feasibility study will be delivered in Q2 2014, we are willing to complete the discussions immediately in Ulaanbaatar or London, with the full mandate to finalize the project financing before the lenders’ commitment deadline of March 31, 2014.
The Government of Mongolia remains fully committed to the continued and successful operation of the open pit mine, the financing and development of the underground mine.
The Oyu Tolgoi project is of utmost importance to Mongolia and so is our partnership with Rio Tinto. I believe that now is the time to open a new chapter in our relationship and work in harmony to develop the Oyu Tolgoi project for the benefit of all stakeholders and for the Mongolian people.
O.Baigali: Sincerity is the beginning of positive change
April 20 (UB Post) The following is an interview with violinist O.Baigali about her career.
Not many people know where and how violin was created. Can you tell us about its origin?
Since I’m majoring in this profession, I’m required to know many things about my instrument. We get a special curriculum to learn the history of string instruments. In general, the origin of violin is explained in many ways. The most rational explanation is that it originated in the early sixteenth century. Whatever it may be, they change in many ways before it comes to its final and perfect form. It’s the same for the violin. It used to be horizontal, vertical, and had four strings then five.
Who were your mentors? How long did they play the violin?
My first teacher was D.Amarsanaa. He’s currently teaching in a music school in Tuva. When I entered the Music and Dance College in 1992, he was a young teacher who just graduated. I’m one of his first students. Thanks to him I became a musician. I learnt everything to do with music, such as basic knowledge and origins of music ,during my 11 years as a student of Amarsanaa. Afterwards, I studied for four years at the State University of Arts and Culture under the supervision of former Dean L.Altanchimeg. Unfortunately, he passed away last year. He used to help me on major compositions. I became a student and learnt violin from these two wonderful people.
From violinists around the world, who do you listen to most? Who inspires you most?
I mainly listen to Jascha Heifetz. When performing major compositions, I first listen to how Heifetz played it. This person was a truly talented violinist who shook the world in the early twentieth century. I also enjoy listening to Itzhak Perlman. From contemporary violinists, I like to listen to Joshua Bell. I like listening to male violinists very much. These people can be interpreted as my role models.
In your opinion, who is the best Mongolian violinist?
In all periods, there were talented violinists. In my opinion, my teacher Altanchimeg should be mentioned in the history of Mongolian string instruments. She’s one of the State Honorees. I think that her technique, skill, and special features of her performance have been passed down to many students. I cannot possibly not mention soloist of the Symphony Orchestra of the Mongolian State Academic Theater of Opera and Ballet Munkhbold. I respect Munkhbold as he has been rendering string instrumental solo compositions of orchestra music and delivering it to many people for many years. In Mongolia, there were many talented people who excelled in string instruments.
Women in classical music, especially those playing the violin on stage, look absolutely magnificent and graceful. In the moments when playing the violin on stage, how do you feel?
At each time period, classical music developed and its benchmarks was set higher. To become a professional, other than having knowledge of music, one must strive to develop themselves. This art was named classic since people are distinguished from many other musicians. Classical arts are arts that were able preserve its contents and specific forms and continued to keep its stability among so many professional arts. I believe that those who are becoming professionals in this field and performing in front of people should not undermine its qualities. Depending on the instrument, everyone gets different feelings. You could say that musicians are very talented mediators because they can feel special emotions while playing instruments and go to a different world of their own. I’m sure other musicians have similar sentiments about this. In order to feel such emotions, one must know their instrument thoroughly, emerge with the music and feel. If they are able to do so, they will get a whole new feeling from it.
You entered the Music and Dance College at the age of six. Did you have moments when you felt extremely under the pressure and that playing the violin was difficult?
Truthfully, I felt discouraged many times. At the time, I was only six years old and didn’t choose to play violin. Since it was in the 1990s, it was the transition age. Mozart and Beethoven were rather new for us at the time. For a six year old girl, there were many times I felt under pressure and I would feel depressed. Most importantly, competition sharpens and strengthens people. I think I became a musician from competition. I didn’t instantly fall in love with violin. I came to love it gradually. It takes up a lot of time and patience. If it weren’t for the support of my teachers and family, I would have already given up.
Where is the most valuable violin on earth kept? What sort of violin is it?
Violins made by Stradivarius are considered as the most valuable in the world. Among violin makers, Stradivari was an amazing maker with his own uniqueness. It’s said that his capability in making violins was inimitable. Secondly, it occurred to me that the wood itself grown during that time was very special. Just like the things that exist today are inimitable, things during certain times are perfect for that specific time.
Last time I checked, a price of a Stradivarius violin was valued from 16 to 20 million USD.
How many violins do you have? Can you tell us how much they cost?
I have three violins. One of them is a small violin that I played in first grade. A five or six year old can play it. The second one is a German instrument that I bought when I was in seventh grade. Then, I got a master instrument custom made by a violin maker named Tuvshoo. It’s wonderful. It fits my arm perfectly. No matter how talented of a musician you are, you can’t play others’ instrument as well as the owner. I’m not sure how to value my instrument but it can reach the same price as a very capable car. It could even be exchanged for a house. The other instrument is a Yamaha electronic violin. It’s comparatively different from an acoustic instrument. Since it wasn’t custom made, most people will probably know how much it costs in the market.
You are studying management of classical arts and cultural organizations. Can you elaborate on this?
After I graduated from the Music and Dance College and State University of Arts and Culture, I got my master’s degree at the Institute of Finance and Economics of Mongolia in business management, specifically, development and management of classical arts. I’m currently studying to get a doctorate in business management at the Institute of Finance and Economics of Mongolia. I’m doing research work in the arts sector and management of policy implementation. Although, I haven’t specified my field, it will not stray away from this. Later, I will study business since I’ve worked in this area.
You said you “worked.” Does that mean you’ve quit working at the Music and Dance College?
For the last year, I worked in the Marketing Department of the Music and Dance College. Now, to focus on my studies and compositions, I’ve temporarily left work. I’m aspiring to contribute by doing research on developing management of arts and cultural organizations and on how to do management and implementation of current adopted policies. I’m preparing myself to work in policy management for this sector in the future.
For a young artist working in the classical arts sector, how would you evaluate our current policy implementation and management of arts and culture?
In the first half of the twentieth century, classical arts started developing intensively in the Mongolian arts and cultural sector. The present arts and cultural organizations were established from intense major policy implementations in the first half of last century; for instance, theaters, many museums, libraries and classic arts etc. As the cultural sector has a huge structure, the Houses of Culture were established in soum centers. A large sum of money, big policies and a lot of time was required to establish them. Presently, based on the policies under communism, we’re hardly managing. In the arts sector, issues of human resource and management are arising. As the time changes and as economy grows, management and structural issues of cultural organizations will start to change again. We will need to think of suitable approaches for management and human resources for stable work. Instead of discussing current state of arts, we need to look at prospects. Orchestras and teachers for preparing professionals in 10 years are very important.
As a young artist who has found her own place in the classical arts sector, do you have anything you’d like to say to your peers, young people and children?
I like saying one thing. It’s essential for everyone to approach every single step sincerely. I believe that everything will turn out for the best if everyone is able to be sincere in every action. Everything that wasn’t done sincerely is followed by some sort of negative things. No matter what it may be, let’s all be sincere in what we’re doing. This will become the beginning of a positive change.
Urgeeleg film launches
April 20 (UB Post) Mongolian film named “Urgeeleg” opened at cinemas in Ulaanbaatar on April 19. The film is directed by J.Sengedorj and stars notable Mongolia actors such as A.Amarsaikhan, G.Erdenebileg, J.Bayasgalan, S.Bold-Erdene and B.Navchaa.
The official opening ceremony of “Urgeeleg” took place at Urgoo Cinema on April 19 and at Tengis Cinema on April 20.
The film is about the life of Chinese criminals who live in Mongolia. These groups commit crimes to make quick money and like so many who lead a similar life, cannot get out from it.
Another strike to democracy and freedom
April 20 (UB Post) Parliament has recently been discussing the call for the resignation of Kh.Temuujin, the Minister of Justice. This however is not a chance incident. Rather, it is a reflection of a plot devised by a political-business group that intends to use legal means to remove from a position of power and influence the person who initiated and started implementing an absolutely vital reform in our legal system. This reform is essential to the very foundation of Mongolia’s democracy and market economy.
Our economy has developed rapidly over the last 20 years and has seen a principal change in private property relations. However, the reform that should have been made in the legal sector is still not complete, and it has been impeding our progress in development. Minister Temuujin reignited this waning reform that has now reached a stage where there is a requirement to replace those who are currently in the senior most positions in our legal system. Minister Temuujin is now facing strong resistance from all levels of government.
It is not a Mongolia-specific case, as many Eastern European countries in transition to democracy have faced the same obstacles and challenges in undertaking a reform in their legal enforcement agencies.
A higher level of social and economic development is observed in the countries that have managed to implement such a reform and that have transformed their legal enforcement agencies into institutions that are able to uphold democracy and human rights, which serve the people, fight corruption, and keep operations transparent.
THE NEED TO REFORM LAW ENFORCEMENT
Legal enforcement agencies in Mongolia have become organizations that use force against civilians while favoring and protecting only those who are powerful and wealthy. Mongolians have not forgotten the fact that an era of repression and subjugation could take place if the legal enforcement agencies start protecting the interests and ideology of a political party or a small group of people under the name of ‘protecting public security’.
Minister Temuujin said that the governments we have had never wanted to change anything because the legal system favored only the senior positions in law enforcement and worked solely for their associates in political and economic spheres. At the same time, our workforce employed in the legal system has moved further away from social progress and values. He stressed that such conditions created a sense of despair among citizens who are supposed to be receiving legal services.
That is the reason why the Minister of Justice has started this complete reform in the legal system with the purpose of having a legal system that upholds justice in laws, provides equal services to all people, and helps the country to develop.
It is time to transform our legal system, especially the law enforcement agencies, into an institution that serves the people rather than the government. It is time to establish their responsibilities, make necessary changes to their structure, and accordingly change the laws that are currently in place.
However, a part of the current government refuses to accept such reforms, is opposed to structural change, and is even plotting to force Minister Temuujin to resign. It helps us, the citizens, understand why our legal enforcement agencies have not yet changed.
Establishing the rule of law means that everyone will be equal and not discriminated against under the law. Mongolians want a legal system where the law applies the same to everyone regardless of reputation, wealth, power, and connections.
AFTER THE REFORM
The legislature has to be an organization that serves rather than enforces. People always have the need to receive services regarding law and security. Therefore, it should be an organization that serves the people. After the reform, their organization and way of doing things will be changed so that citizens will no longer be terrified, embarrassed, controlled, and threatened by law enforcement agencies. Until it is decided by court, no one should be treated as a criminal. There should be no way to restrict people rights as a suspect.
Law enforcement agencies need to have transparent operations that are reported on to taxpayers. We do not currently have that, which is why, after all these years, we still have not found the murderers of one of the leaders of our democratic revolution and the five people who were shot dead for taking part in a political protest. After the reform, we will have measurements that should prove whether the law enforcement officers are working within the boundaries of the law.
The reform in the legal system will mean that the Independent Authority against Corruption, which has started raising concerns among citizens, will have a clearer status and distinction of who they are responsible to. Furthermore, the relationship between different law enforcement agencies will be more collaborative and there will be improved services aimed at security. In order to make it happen, law enforcement officers will need to be provided with extensive training.
A new culture will be formed in law enforcement agencies as a result of the reform. People will be able to live without fear, respect law enforcement organizations, and cooperate with them. Only then can Mongolians have full confidence in the future.
Continuing and completing the legal reform initiated by Minister Temuujin is a deciding moment in the fate of our democracy and freedom, which are the most precious values we share.
However, it is likely that this reform could be suspended. It demonstrates that Mongolia’s democracy is still vulnerable. Crime groups shielded by political parties and political power are currently attempting to stop the reform. Minister Temuujin explained his stance when he tweeted: “The reforms in the legal system have turned into a struggle between political groups that have spread to political parties, white-collar crimes, law enforcement officers that have plotted with criminals, and corruption that is protected by legal organizations. If they are thinking of privatizing public property, political parties, and ministries of government, I shall say NO to them. I shall not resign like you want me to.
Come what may, regardless of what false accusations or insults that you come up with, I shall stand firmly against them. If you want, reveal yourselves and click on your voting buttons.”
We need to continue and complete the reform in our legal system and law enforcement as soon as possible. It has become the most important and urgent task before Mongolia’s society today. Mongolian citizens are saying NO to those political groups as well.
Translated by B.AMAR
SME support from the Government
April 20 (UB Post) Even though large numbers of unemployed are a considerable pre-occupation in a society, many people here are trying nether-the-less to produce products that are made with Mongolian ingenuity and mastery and that contributing Mongolian development. For some time the Government has been giving financial support and issuing preferential credit to small and medium sized enterprises and micro businesses. We held interviewed to discover how this work is going.
Our researchers went to Chingeltei district’s supporting center for small and medium sized enterprises. In 2013, the labor department of Chingeltei district rendered financial support to 110 people and issued preferential credit worth 500 million MNT to 12 projects. The program covered Mongolian citizens. The citizen’s requests were mostly for support in selling their products. Luckily, the labor department of Chingeltei district said they had started showing help in the sale of products. Besides organizing exhibitions, they made discussions under the topic of Sales issues of business people, cooperating with the Innovation Center and the Employment Center. M.Ganzorig, chairman of the labor department of Chingeltei district, said “We are searching for ways to improve sales in the domestic and overseas markets.”
Starting a business with one million MNT
We interviewed Yo.Badruush, employee of Mongol Soyol LLC in the Chingeltei district’s supporting center of small and medium sized enterprises.
How did you come up with your idea?
I have five children. They have a talent to draw. Since 2006, we started to draw on leather and to make keychains. We used to make a few types of keychains to support our livelihood. In 2008, I went on a pension and thanks to that I used to attend the exhibitions organized by micro district and received information. In 2012, I attended a program to support micro businesses as a supplier in a business incubator center. My business, selling only two or three types of keychain has improved and now produces 62 types of keychain within a year. I can’t sell all the products of only one type, therefore the support from the Government, I can sell most of the varied products to the public.
How much support did you get?
To start my business, I received a non-repayable grant of one million. After that I knew that it is possible to continue my business and I received preferential credit of five million MNT.
Where do you sell the products?
I sell products in bulk quantity. Also, in the exhibitions. Recently, I became aware that I can cooperate with both state and private organizations.
Could you give us more information about this?
Recently, we have making leather name card holders and mouse pads. Also, we are receiving orders from organization. They can have company names or logos on the products. Besides this we are also producing new products such as shoes wiper and key chains with a flash disc case.
Have you registered your products to the Intellectual Property Authority?
I am thinking about it, but I’m currently focusing on the product’s quality.
What is your future goal?
This company is my daughter’s company. It supports five households’ livelihoods. As I mentioned before, my expansion period in the incubator sector will finish this September. At that time, my five children will run and expand their businesses separately.
Spare car parts produced in Mongolia
One initiative, based in a small building nicknamed Green 3D, is replacing imported car parts. It is hard to believe that the plastic spare parts of cars such as bumpers and body parts are being produced in Mongolia using modern 3D technology. The labor department of Sukhbaatar district supported 12 projects with 500 million MNT, one of which is this 3D rendering project.
B.Altansukh established BBCEO LLC. He named his building Green 3D because his production is not harmful to the environment.
How was the state preferential credit beneficial to your business?
In 2013, we got involved in the preferential credit program to support small and medium sized enterprises and bought equipment worth 90 million MNT. The advantage of our equipment is that it forms a mould with high precision (accuracy). At present we are producing car bumpers, body parts and lower flaps.
This business is really interesting because your products will replace imported products. So how much does it cost?
For the Prius, bumpers are 500,000 MNT. The price is almost the same as an imported product. But we use iron replacing raw materials, so it is actually better quality. To produce it in a small number, its price is high.
How are your sales? Can you repay the credit?
We are able to repay the credit on top of giving wages to my workers. Even if we can’t advertise our company, customers who appreciated our company tell their friends about it. So our booking is good now. In order to broaden our production we have bought equipment that produces nickel parts. But to start nickel part production, we have to get about 30 million MNT credit.
Will you get a credit of 30 million again?
Unfortunately, our collateral capital is not enough to get credit again, so we will have to accumulate our income further.Link to article