Development Bank to own shares in Mongolian Mortgage Corporation
April 6 (business-mongolia.com) National Development Bank of Mongolia and MIK (Mongolian Mortgage Corporation) signed a partnership agreement enabling NDBM to own 14.88% of shares in MIK.The cabinet decided that in order to boost the MIK’s operations in building affordable apartments the government should have shares in the corporation. In accordance with the Cabinet resolution NDBM used approved amount of MNT10 billion to obtain shares in MIK.
Previously, other shareholders in MIK included Bank of Mongolia 2.81%, State Bank 2.81%, and commercial banks 94.38%. New shares of MIK apparently diluted the shares of former shareholders.
IV Intergovernmental Commission Meeting between Mongolia and Kazakhstan to Be Held in Ulaanbaatar
April 7 (infomongolia.com) At the Cabinet meeting of the Government of Mongolia held on April 04, 2014, the following issues were resolved.
- Cabinet Ministers discussed and supported in principle a draft resolution of the State Great Khural (Parliament) on approving a guideline of the state policy on defense. It will be submitted to the Parliament reflecting proposals from Cabinet members.
- According to decision, the Center for Development and Protection of Children affiliated the National Authority for Children will be shut down and the Center’s structure, staffers, fixed & current assets and budget account have been transferred to “Unur Bul” Center, which is also authorized by National Authority for Children, Government Implementing Agency.
- Cabinet approved a guideline to adhere by Mongolian representatives to participate in the IV intergovernmental commission meeting between Mongolia and Kazakhstan to discuss issues on trade, economics, science, culture and technical cooperation.
The meeting will be held in Ulaanbaatar on April 24-25, 2014.
Day of Democracy to Be Celebrated
Ulaanbaatar, April 6 (MONTSAME) Members and supporters of the Democratic Party (DP) will celebrate Monday the Day of Democracy.
IN 1990 that day, the democratic party held its first session, that is why it has been marked as the historical event that made Mongolia become the nation who has a multiparty system and who cherishes pluralism, human rights and freedom.
The celebration events will gather N.Altankhuyag, the PM and the DP chairman; Ts.Oyundari, the DP secretary-general; E.Bat-Uul, the Mayor of Ulaanbaatar and head of the City’s DP; and other officials.
Governmental Representatives Visit MCX
Ulaanbaatar, April 6 (MONTSAME) A delegation of the Mongolian government has visited the Multi Commodity Exchange of India (MCX) to witness its operational, economic and self-regulatory aspects linked to successfully operating a commodity exchange, the moneylife.in website published Friday.
The delegation, headed by Mr O.Erdenebulgan, the Vice Minister of Mining, had B.Nergui, a head of Mining policy division at the Mining Ministry; A.Khurelbat, a head of the International Cooperation Division; B.Saruul, a director-general of the Securities Department at the Financial Regulatory Commission.
Mongolia is a mineral rich country with large deposits in copper, gold and iron ore. To achieve price discovery within its domestic economy and enable price risk management, the Government of Mongolia is planning to set up a mineral resource commodity exchange in the country, for which it is reaching out to Asian exchanges like MCX for knowledge acquisition.
Speaking on the occasion, Dr Nilanjan Ghosh, Chief Economist, said,"This meeting led to mutual knowledge sharing. While MCX made presentations about its innovations, operations, and robust risk management, it also enabled us to learn about the market priorities of the Mongolian economy. Our experience thus far has helped create the knowledge base to share with others. Our training initiatives will also be moving in that direction".
Mr Erdenebulgan stated, "We are happy to find a capable knowledge sharing platform in MCX. We have been enriched by the learning we have gathered from MCX and would surely find this knowledge very useful in operationalizing our proposed commodity exchange at Mongolia,"
Having commenced operations on November 10, 2003, Multi Commodity Exchange of India Limited (MCX) is India's first listed, national-level, electronic, commodity futures exchange with permanent recognition from the Government of India. MCX offers the benefits of fair price discovery and price risk management to the Indian commodity market ecosystem. Various commodities across segments are traded on MCX. These include bullion, energy, metals and agri-commodities. The exchange has forged strategic alliances with various Indian and International commodity exchanges and business associations.
BLP Engaged to Redraft Mongolian Arbitration Laws
Ulaanbaatar, April 7 (MONTSAME) According to news published on legalweek.com website on April 7, Berwin Leighton Paisner (BLP) has been engaged by the Mongolian government to redraft the country's arbitration laws, along with local outfit New Grata.
A team of lawyers from BLP have been working closely with the Mongolian Ministry of Justice to rework the existing regulation, in a bid to drive foreign investment.
Leading the group is projects partner Marius Toime in Singapore, alongside London-based disputes partner Carol Mulcahy and Singapore arbitration expert Kent Phillips.
The firm acquired the work through the US Agency for International Development (USAID) business plan initiative, which has been seeking to boost participation and dialogue between the government and Mongolia's private sector.
BLP has previously been involved in a number of key projects in Mongolia, working mainly in the mining sector. On the arbitration side the firm has 13 partners globally, working across London, Moscow, Singapore and Abu Dhabi.
"Updating Mongolia's arbitration laws will help ensure the country has a more stable regulatory footing, necessary if it is to compete with other resource rich nations," said Toime.
"BLP have been working in Mongolia's mining industry during over recent years and have witnessed first-hand the opening up of this key sector. As a consequence, we have developed a strong practice in this region".
BLP has been steadily growing its presence in Asia, with offices now in Singapore, Hong Kong and Beijing, and a tie up with Legal Network Consultants (LNC) in Myanmar through its newly-established Asia network.
The firm, which in September 2013 recorded a 40% drop in profit per equity partner (PEP) amid increasing competition in London, is also understood to be eyeing a tie-up with a local firm in Indonesia through the network, as part of a plan to tap emerging markets in South East Asia.
Parliamentary Spring session begins
April 7 (news.mn) The opening of the Spring session of Parliament 2014 was officially held today on April 7th. The Spring session of Parliament is special as it is attended by political party leaders without seats in parliament, ambassadors and consuls from foreign countries to Mongolia.
Speaker Z.Enkhbold delivered a speech to open the Spring session meeting of Parliament. In his speech the Speaker said that, “Parliament could not confirm the list of issues to be discussed during the session of Parliament. Thus I expect the first issue to be passed by Parliament to be the list of issues to be discussed. However 252 bills were suggested to be discussed at the Spring session but only 52 proposals have been submitted. These proposals that were submitted need to be arranged due to their socio-economic importance.”
The Speaker also noted that during the Spring session the Government`s financial performance 2013, budget reports for State budget 2015 and the draft bill on the main directions of socio-economic development of Mongolia will be discussed. Further, clarifying financial aspects of 272 corrupted state funded construction projects and auditing projects in order give directions to the Government will be on the agenda.
Speaker Z.Enkhbold then stated that the Pension sharing legislation, and other issues such as creating a legal environment to boost economic growth, the list of constructions to be privatized by the Government in 2014, the draft law on glass accounts, and some amendments into judiciary reform laws must be discussed first at the Spring session meeting.
After the opening of the Spring session of Parliament, caucuses in Parliament will have separate meetings.
Spring Session of Parliament Opens – Montsame, April 7
Factions Run Their Meetings
Ulaanbaatar, April 7 (MONTSAME) After the parliamentary spring session was opened Monday, factions of the political parties launched their regular meetings.
The democrats intend to discuss five issues, for example, reports of the Speaker and the Prime Minister, a draft resolution of parliament on agendas for the 2014 spring session, a report of the Mining Minister on a draft amendment to the law on mineral resources.
The Mongolian People’s Party (MPP) is considering agendas that will be discussed at the spring session.
Stock Exchange Weekly Review
Ulaanbaatar, April 6 (MONTSAME) Five stock trades were held at Mongolia's Stock Exchange from March 31 to April 4, 2014.
In overall, 120 thousand and 163 shares were sold of 60 joint-stock companies totaling MNT 254 million 681 thousand and 813.47.
"Remikon” /55 thousand and 903 units/, "Genco tour bureau” /31 thousand and 236 units/, "APU" /7,192 units/, "Moninjbar” /5,000 units/ and "Mudix" /3,292 units/ were the most actively traded in terms of trading volume, in terms of trading value--"Suu" (MNT 119 million and 430 thousand), "APU" (MNT 28 million 955 thousand and 950.00), "Mudix" /MNT 26 million and 336 thousand/, "Material impex" /MNT 19 million 958 thousand and 760.00/ and "Gobi" (MNT 10 million 672 thousand and 890.00).
International Forum on Insurance Sector to Run
Ulaanbaatar, April 7 (MONTSAME) Mongolia’s Regulatory Committee of Finance and the United Nations Development Programme (UNDP) will co-organize an international forum on insurance themed "Sufficient insurance 2014" on April 16-17 in Ulaanbaatar.
Key objectives of the forum are to study international experiences in developing the insurance market and to introduce the best experience in Mongolia to increase an adequacy of the insurance services. Participation is expected of insurance and financial experts from South Korea, Japan, China, Hong Kong, Taiwan, India, Bangladesh, Ethiopia and the Philippines.
In addition to this, the Mongolian Union of Insurers (MUI) will organize an exhibition of insurance organizations and companies. The organizers say the upcoming forum is to coincide with the 80th anniversary of foundation of the insurance sector in Mongolia and the 20th anniversary of the Mongolian Committee of Securities.
Physics Olympiad of Ulaanbaatar City Concluded
Ulaanbaatar, April 6 (MONTSAME) The city’s Physics Olympiad, named after State Honored Teacher B.Orgoi, had run among secondary schools and its results were concluded on April 3.
The 35th action was-co-organized by the National Committee for Physics Olympiad, city’s #14 secondary School, named after Ho Shi Min, and "Uureg trade" company with a participation of school pupils from nine city districts.
By the team results, the "Sant" school became the winner of the first place and a gold medal. It was followed by the #1 laboratory school and “Orchlon” school. These winners have been qualified to compete in the national Olympiad, winners of which will participate in the Asian Physics Olympiad.
The number of participants has been increasing year to year after the organizing committee augmented prize fund.
For the time being, the Mongolian children have grabbed bronze and silver medals from annual International Physics Olympiad.
Consultative meeting held between Mongolia and Spain
April 7 (news.mn) A Consultative meeting on foreign affairs and bilateral cooperation was held between Mongolia and the Kingdom of Spain on April 4th.
At the 4th consultative meeting, where Deputy Foreign Minister of Mongolia, D.Gankhuyag and State Secretary for Foreign Affairs of Spain, Gonzalo de Benito, exchanged views on bilateral trade, economy, education, cultural relations and cooperation in the framework of international relations.
At the 4th consultative meeting, the Foreign Affairs Ministry of Mongolia and the Spanish Ministry of Foreign Affairs and Cooperation signed a Memorandum of Understanding (MoU) on cooperation.
Jan Hansen: The depreciation should help to increase the competitiveness and to develop the non-mining industrial sector
April 7 (Mongolian Economy) Asian Development bank’s flagship annual economic publication, Asian Development Outlook 2014 (ADO), released this week, forecasts developing Asia will achieve gross domestic product (GDP) growth of 6.2% in 2014, and 6.4% in 2015. For Mongolia, economic growth is forecast at 9.5% in 2014, driven by the start of copper production at the Oyu Tolgoi open pit mine last year and 10% in 2015, says the ADB report.
Mongolian Economy caught up with Mr Jan Hansen Senior Country Economist based in Mongolia from ADB for further explanation.
What do you think are the biggest risks confronting Mongolia for this year?
One risk is that economic policy is not sufficiently tight. That means a risk that there would be continuous pressure on the balance of payment. And that of course is a risk and can eventually lead to adverse adjustments in the real economy. Basically hitting at production and employment. So, right now, the external macroeconomic imbalances are a risk and have to be tackled now.
Another risk is that foreign direct investment is not picking up soon. Now the environment has been much improved but so far it’s not clear if we can see a pick up soon. Eventually, companies need to adjust there plans which will take some time.
FDI is also important for the balance of payment. It’s also a very important demand factor for the non-mining sector. Even if it [FDI] is coming often from mining industries there is a very important knock-on effect on the non-mining sector, in particular the service sector. Another risk factor is the global economy, maybe a weaker development in the Euro area and lower growth in the People’s Republic of China (PRC) will eventually affect the export of coal and global coal prices.
Our economy’s tightly connected with the Chinese economy. The official purchasing managers' index (PMI) was 50.3 in March from China, a separate survey by HSBC and Markit saw a contraction in Chinese manufacturing activity, with a reading of 48.0 - the lowest since July. The figures underscore a growing concern among investors, analysts and government officials that the Chinese economy is slowing. How will this effect Mongolia?
Well, in a sense, we certainly need to expect a moderation of growth in the PRC. We have seen close to 10% growth on average in the past 10 years and that is not sustainable. I am not sure if we have observed in economic history that a very large country has produced that very high growth rates over the very long term. Basically it means the factors of production, including the labour force and productivity have to increase by that amount, which may not possible. So we currently see a moderation of growth in the PRC from a very high level, as I said before, to according to our forecast 7.5 % for this year. It’s coming out of the rebalancing of the economy in order to make growth more sustainable. That in itself has an impact. Rebalancing the major driving force of economic growth from infrastructure investments to private and public consumption can also have an impact. What is important for Mongolia is for the coal industry [to become] more competitive by building the necessary infrastructure.
Oyu Tolgoi and the Government of Mongolia are still in negotiation phase. The media reports that there could be more delays with negotiations. If negotiations take much longer how will Mongolia’s economy be affected by that?
If one single project is that important for the economy, think we should also ask how in general will FDI develop. For the overall mining sector and for the non-mining sector, which is crucial to diversification and employment over the medium term. So eventually, this is a very important project, but we have the wider mining sector, and in particular the need to diversify the economy and to develop the wider industrial sector. The depreciation should help to increase the competitiveness and to develop the non-mining industrial sector. And the depreciation is also containing import growth, which is relieving pressure on the balance-of-payment.
Many companies have debt in USD and are suffering because of the currency depreciation. Analysts say that at this level, companies have no choice left except asking banks to extend their loans in USD, but, they can only extend once according to the law. So after another one year they would not be able to be bailed out by the banks … If this happens, however, the banking sector will be under a lot of pressure. What can we do to prevent this risk?
Yes that’s right that the depreciation is increasing the risks in the banking sector but one question is also why do we have this high level of dollarization in the banking sector? The currency of Mongolia is the tugrug and this should be used for most economic transactions. In that context also the depreciation so far has been orderly and not excessively so it’s also providing a bit of a warning shot to the banks and the borrowers, not to expose themselves too much to foreign currency risk.
Be careful because it looks like an easy choice to borrow in a foreign currency with a lower interest rate but taking on all this risk especially if this company doesn’t have revenue in the foreign exchange. So I would say so far it also is a warning shot to both lenders and borrowers … it gives the incentive and time for the sector to adjust their portfolios and reduce foreign exchange risk. Eventually what is important for the stability of the currency is the quality of economic policy. So if economic policy is prudent the currency will be stable in the long-term.
Do you believe 9.5 % is a realistic growth forecast?
The development of the mining sector together with diversification of the economy can give double digit growth in the medium term; and macroeconomic equilibrium for the country for an extended period of time. Mongolia has also been nominated as a candidate for one of the fastest growing countries in the world over the next 20-30 years. This is not a bubble but it’s coming out of using the resources of the country.
What I agree with you, just very high economic growth can never be the only or even major target for economic policy makers. First of all it is creating the dependency from the mining sector and secondly the mining sector does not creating much employment and for that reason it’s more important to have sustained growth, high employment and good progress in social development. Mongolia is a small country which also has the potential to grow more than a big country over the medium term because it’s just very small.
Centers for Disease Control and Prevention of Mongolia and China to Broaden Its Cooperation
April 7 (infomongolia.com) Upon the invitation of the Chairwoman of National Health and Family Planning Commission (NHFPC) of the People's Republic of China Li Bin, Mongolian delegates led by Minister of Health Mrs. N.Udval conducted an official visit to China on April 02-04, 2014.
The Minister was accompanied with Director of Policy Planning Department Ts.Tsolmongerel, Director of Public Health Division D.Narangerel, Director of Foreign Cooperation Division B.Yanjmaa, Director of Health Development Center Ch.Bat-Erdene and Director of National Research Center for Infectious Diseases D.Nyamkhuu.
During the visit Minister N.Udval held official talks with NHFPC Chairwoman Li Bin to develop partnership on broadening cooperation between Centers for Disease Control and Prevention of the two countries. In the frameworks, parties negotiated to establish an agreement of cooperation that enables of prompt effectiveness, further to exchange information, co-organize consultative meetings, exchange doctors for vocational trainings and organize tele-medicine on-line meetings between Health Development Center of Mongolia and China’s Civil Aviation University.
Mongolian Police Officers’ Uniforms Renewed
April 7 (infomongolia.com) Starting from April 04, 2014, public security officers of Metropolitan Police Department have been providing with new uniforms.
In the scope of legal reforms in Mongolian Police Department, the renewed design of police uniforms was approved by the Presidential Resolution No.135 in October 2013.
Thereby, new uniforms manufactured in Turkey have been distributing at the first phase to Capital City public security officers and then to all staffs of police organs in Ulaanbaatar.
Officials plan to provide provincial police organs with new uniforms within this month.
Parliament Should Focus on Stabilizing Economic Growth within 2014 Spring Plenary Session, Underlines Speaker
April 7 (infomongolia.com) The opening of 2014 Spring Plenary Session of the State Great Khural (Parliament) was commenced at 09:00 am on April 07, 2014 with 71.4% of attendance from 76 Parliamentarians.
Opening remarks was delivered by Speaker of the Parliament Z.Enkhbold, where Prime Minister N.Altankhuyag, Heads of Foreign Diplomatic Offices in Mongolia and heads of political parties that do not have seats in the Parliament have also attended, the latter delegation was first time presence in Parliament opening ceremony history.
In his opening speech, Speaker Z.Enkhbold noted, “In the 2014 Spring Plenary Session, a total of 252 laws and bills were proposed to revise by Standing Committees, political parties and coalitions, but only 52 were submitted. Most of these laws and bills are not concerned vital economic issues facing today, moreover projects made narrow studies and ready for revision are few. Therefore, we will revise proposed bills and laws first by classifying importance to country’s development, economy and social affairs. Also, within this session period, we should focus on stabilizing economic growth and accelerating country’s construction development, and refining the legal environment to support economic sectors”.
Following the opening ceremony political parties and coalition represented in the Parliament held its meeting, whereas Democratic Party Group in the “A”, Mongolian People’s Party in “B” Hall and “Justice” Coalition (MPRP-MNDP) in “C” Hall respectively.
Afternoon, the State Structure’s Standing Committee, Economic Standing Committee and Environment, Food and Agricultural Standing Committee will have its panel meetings.
The morning Plenary Session of the Parliament will take place on Thursday, April 10 starting at 09:00 am.
Minister Receives Slovakian Ex-Construction Minister
Ulaanbaatar, April 7 (MONTSAME) The Minister of Construction and Urban Development Ts.Bayarsaikhan Monday received Mr Jan Mraz, a Slovakian ex-minister of transport, construction and regional development and director of the “Stavo Term” company.
The sides talked about the ways of cooperating in the construction sphere and works planned, then shared views on establishment of an inter-governmental commission and on opportunities to bring fruitful cooperation to a newer level.
Present at the meeting were also J.Batsuuri MP, G.Mergenbayar, a director of department for policy of strategy and planning of the Ministry, and Mr Peter Slavik, the Honorary Consul of Slovak Republic to Mongolia.
Justice Minister Submits Draft Amendment
Ulaanbaatar, April 7 (MONTSAME) The Minister of Justice Kh.Temuujin MP Monday submitted to the Speaker Z.Enkhbold a draft amendment to the law on criminal procedure.
The Minister wants to determine jurisdictions of running investigation operations by the Investigation Service and of the newly established Thakhar Service (Marshals). He has added clauses on carrying out investigations over 54 kinds of felonious and non-felonious crimes committed by officials of the Corruption Combating Agency (CCA), on inquiries of five kinds of crimes, on running investigation over seven kinds of crimes, reflected in the criminal law.
Importance of Independent Drug Regulatory Body Highlighted
Ulaanbaatar, April 7 (MONTSAME) A Mongolian delegation led by D.Battsogt MP met with Dr Shin Young-soo, the World Health Organization’s Regional Director for Western Pacific, during their visit to the Philippines.
Mr Young-soo noted that international experiences have proved an importance of an independent authority that regulates medicines administration and cited particular experiences of China and S.Korea, both of whom have established such ministries, responsible for drug regulations.
Developing countries shall make a list of primarily necessary drugs for price discount and tax exemption in order to promote cheaper medicines administration to the public, said the Regional Director. "The most important is unification of inspection, standardization and regulation activities".
Our delegation, consisting of members of the parliamentary Standing committee on social policies, education, culture and sciences, have been visiting the Philippines to learn experiences in providing the public with highly effective, safe and cheap drugs.
Mongolia to Attend 47th Session of CPD
Ulaanbaatar, April 7 (MONTSAME) A Mongolian delegation left on Monday for the USA to participate in the 47th session of the Commission on Population and Development at the UN Economic and Social Council (ECOSOC).
The session themed "Assessment of the status of implementation of the Programme of Action of the International Conference on Population and Development" will take place April 7-11 in the Conference Room 1 at the UN in New York city. Chaired by Ambassador of Uruguay Mr Gonzalo Koncke, this year’s session will run general discussions on a tendency of the global demography and international experiences in population matter.
The Mongolian delegation has representatives of the Ministry of Population Development and Social Welfare, National Department for Children (NDC), General Authority of Social Insurance, General Authority of Social Welfare.
The NDC chairwoman I.Narantuya will take the floor during the general discussion.
Draft Resolution Submitted
Ulaanbaatar, April 7 (MONTSAME) Economic Development Minister N.Batbayar submitted Monday a draft resolution of parliament to the Speaker Z.Enkhbold.
The draft foresees assignment of 19 actions to the Government, within aims of increased economic growth and financial stability of the nation. The actions are expected to be realized during the period of 2014 spring session of parliament.
If the resolution is approved, the Government is to develop relevant documents on the second stage investment of Oyu Tolgoi project, on revival of mineral exploration activities, on supporting and funding of industrialization projects, and on possibility of exploring oil, oil shale, and natural gas in strictly protected areas, and will submit them to parliament.
Lawyers to Cooperate with State Bar of US California
Ulaanbaatar, April 7 (MONTSAME) Members of the State Bar of California (SBC), US California’s official bar association, are visiting Mongolia for the second time.
During the visit, a memorandum of cooperation between the Mongolian Lawyers Association (MLA) and SBC was signed by a MLA president D.Batsukh and a SBC member Howard Miller on Monday in presence of Thomas Layton, a SBC member, O.Altangerel, an advisor to Justice Minister of Mongolia.
According to this memorandum, SBC will render consulting services for MLA, and will run trainings including experience sharing and specialist exchanges.
During their visit here, SBC members are planning to hold a workshop in the training and survey center of the State General Prosecutor’s Office to discuss professional responsibility system for lawyers, together with MLA. At the two-day action, Miller and Layton will deliver presentations on the matter.
The State Bar of California is California's official bar association. It is responsible for managing the admission of lawyers to the practice of law, investigating complaints of professional misconduct, and prescribing appropriate discipline. It is directly responsible to the Supreme Court of California. All attorney admissions and disbarments are issued as recommendations of the State Bar, which are then routinely ratified by the Supreme Court.
Some Diplomats Learn French Language
Ulaanbaatar, April 7 (MONTSAME) Diplomatic and protocol French language training started in the Diplomatic Academy at Mongolia’s Ministry of Foreign Affairs.
The training is being conducted by Mr Georges-Gaston Feydeau, the Minister Counselor of the Embassy of France in Mongolia. His "pupils" are the Minister's diplomats whose working language is French, also officials from Ministry of Industry and Agriculture and some NGOs.
The training’s main objectives are to improve French speaking and writing skills of young diplomats, to teach them French terms and phrases used in diplomatic actions and international relations, and to give knowledge and information about France's foreign policy, history and culture.
Stock Exchange News for April 7
Ulaanbaatar, April 7 (MONTSAME) At the Stock Exchange trades held Monday, a total of 21 thousand and 493 shares of 23 JSCs were traded costing MNT six million 629 thousand and 842.00.
"Remikon" /12 thousand and 168 units/, "Khokh gan" /3,175 units/, "Hermes center” /1,500 units/, "Hai Bi Oil” /1,057 units/ and "Moninjbar" /1,020 units/ were the most actively traded in terms of trading volume, in terms of trading value--"Remikon" (MNT one million 819 thousand and 514), "Darkhan nekhii" (MNT 826 thousand), "Eermel" (MNT 412 thousand and 990), "Baganuur" (MNT 398 thousand) and "Khokh gan" (MNT 380 thousand and 450).
The total market capitalization was set at MNT one trillion 652 billion 738 million 886 thousand and 487. The Index of Top-20 JSCs was 16,092.61, increasing by MNT 16.01 or 0.10% against the previous day.
Mongolian Ambassador Awards Best Pupils
Ulaanbaatar, April 7 (MONTSAME) Ambassador of Mongolia to the United Kingdom N.Tulga awarded last Saturday the best pupils of a Mongolian Language Center in London.
The best children were announced in several nominations including best writing, best reading and best drawing. B.Enerel and Z.Dorjderem were given rights to study next-level courses free-of-charge.
The language center commenced its activities this January, with a support from Mongolia’s Embassy in London. Since then, the little Mongolians living in this country have been learning speaking and writing in their native language, thanks to efforts of teachers Ya.Bolortuya and J.Altantuya.
Days of Radio and TV to Run in USA
Ulaanbaatar, April 7 (MONTSAME) Days of Mongolian National Public Radio and Television /MNPRT/ will run in Washington DC, the USA, on April 12-18.
Some 20 journalists of the MNPRT will make ten kinds of TV news, interviews, talk shows and meetings with viewers.
Mongolian national broadcaster (MNB) will a show about the USA-based Mongolian children and their teachers who are supposed to perform a concert at the School of Mongolia in Washington DC on April 12, later, a meeting with viewers will run at the Embassy of Mongolia.
Within the measures, a Mongolian singer L.Boldbaatar will give his solo concert to his country fellows.
Museum Guides to Attend Sign Language Training
Ulaanbaatar, April 7 (MONTSAME) Administration of the Mongolian Military Museum received D.Baatarjav, a president of United Federations of Disabled People's Associations and champion of Paralympics, on Monday.
The sides agreed that several works must be done for the sale of the persons with disabilities, for example, museum guides will be involved in sign language training, the museum explanations will be turned into video versions, doors and floor adjustment will be made.
IJF Releases Latest Rankings
Ulaanbaatar, April 7 (MONTSAME) The International Judo Federation (IJF) released the latest rankings of top judokas last week.
Accordingly, the State Honored Sportsman and Olympic bronze medalist S.Nyam-Ochir is still leading the men’s 73 kg division with 1,691 points, followed by a Belgian Dirk Van Tichelt (1,688 points). In this category, a State Honored Sportsman and World champion Kh.Tsagaanbaatar is the 5th with 1,210 points.
The men’s 66 kg division is also led by a Mongolian D.Tomorkhuleg with 1,820 points.
In the men’s 60 kg categories, two Mongolians G.Boldbaatar and D.Amartuvshin are ranked the 3rd and 4th, where a Japanese Naohisa Takato leads the division with 2,700 points.
A State Honored Sportsman, Olympic gold and silver medalist N.Tuvshinbayar is keeping his previous position at 12th place. An Azerbaijan judoka Elkhan Mammadov is topping this category.
A State Honored Sportswoman and World champion M.Urantsetseg (2,378) also holds her 2nd place in the women’s 48 kg division, showing best achievement among Mongolian female judokas. In this division, G.Otgontsetseg is the 6th with 1,017 points.
International master of sports D.Sumya is the 3rd in 57 kg division with 1,836 points; A.Tsolmon (1,152 points)--on 11th place in the 52 kg.
Apart from this, Japan, Azerbaijan, Georgia, Cuba, Brazil, Kosovo, Israel and the Netherlands are topping one division at least.
Mongolian Volleyball Team Heads to Manila
Ulaanbaatar, April 7 (MONTSAME) Representing the nation, ‘Altain Bars’ team will attend the 2014 Asian Men’s Volleyball Club Championship in Manila, Philippines on April 8-16.
A total of 16 teams are expected to join the week-long tournament with reigning champion Iran aiming to win a record ninth overall gold medal with two-time titlists South Korea, Kazakhstan, Qatar and China out to foil its bid. The Mongolian team will play group matches against host Philippines and last year’s 7th place winner Iraq.
The winning team in this tournament will be awarded a right to participate in the 2014 FIVB Volleyball Men's Club World Championship in Belo Horizonte, Brazil on May 5-10.
Central Cultural Palace to Erect New Stage
Ulaanbaatar, April 7 (MONTSAME) By a resolution issued by the City Mayor E.Bat-Uul, the Central Cultural Palace will build a new stage for ballet.
The work will be completed in frames of a cooperation memorandum established between the City Mayor's Office and Mongolian Ballet Development Fund with aims to promote this classic art, to support young dancers, and to host international competitions.
Required money and equipment will be covered by donations and assistance from culture- and art-supporter organizations.
World health day is observed today
April 7 (news.mn) World health day is celebrated globally today on April 7th. The First World Health Assembly in 1948, was a call for a World Health Day to mark the anniversary of the founding of the World Health Organization. This has been held on April 7 every year since 1950. The day is used to draw attention to particular priorities in global health.
Study says one in every four suffers lack of physical activity, one in every three drink alcohol, one in every two smokes in Mongolia.
And 11,1 g salt used in food by a Mongolian is twice higher than other national. All those factors play significant role for non-communicable diseases spread,
According to a study by Public Health Institute Mongolia (PHIM) one in every three suffers from some form of cardiovascular disease, one in every five suffers diabetes and cancer and number of people get injuries.
Mongolia is placed to the 153rd place due to its average life expectancy. Men can expect to live 65 years while women are expected 75 years in Mongolia. Men`s death 24.3 percent and women`s death 8.3 percent is caused by the preventive disease. Therefore every clinic in Mongolia will be supposed to have men`s health cabinet.
Preventive disease includes blood pressure, diabetes, and cancer. Blood pressure is one of the leading death causes among the population in Mongolia.
Minister for Health Mongolia made a call to improve public health education in particular about the blood pressure to prevent a blood stroke at home.
There are 4459 people diagnosed with liver cancer in Mongolia. Only in 2013 1976 people were diagnosed newly and 1510 people died from it.
Nationwide liver cancer screening examination will be conducted this year.
Civil Society NGOs Demanding Fair Regulations
April 7 (infomongolia.com) Regarding the opening ceremony of the 2014 Spring Plenary Session of the State Great Khural (Parliament) held today on April 07, 2014, civil movement NGOs have gathered at the Chinggis Khaan Square to raise their voices and address Parliamentarians.
On March 31, 2014, the first civil society organizations’ assembly was held in Ulaanbaatar, where over 100 NGOs have joined and they delivered their requests to t h e Government of Mongolia, but authorities did not response yet, thus have organized today’s protesting.
At today’s peaceful demonstration, civil society NGOs requested to:
- stop uranium exploration;
- acquit leader of "Gal Undesten" movement, Ts.Munkhbayar;
- give comprehensive understandings on Chinggis and Samurai Bonds debt issues and its expenditures;
- implement nature-friendly regulations and laws;
- conduct effective works against unemployment and alcohol abuse.
At the first level court hearing for leaders of "Gal Undesten" movement, Ts.Munkhbayar and three other compatriots were found guilty on the ground of "terror attack" and heard 21 years and 6 months sentence. So, the second-level court is scheduled at the Capital City Court at 08:30 morning on April 08, 2014.
Net Index By Ookla for March-April, 2014: Mongolia
April 7 (infomongolia.com) The global leader in broadband network diagnostic applications Ookla has introduced the recent Net Index, where 189 countries of the world were calculated and Mongolia’s average internet download speed was estimated at 13.93 Mbps and upload at 10.3 Mbps.
Mongolia’s Index rates at 55th place out of 189 economies and the global average internet download speed is at 17.5 Mbps and upload at 7.9 Mbps, compare to our two neighbors Russia stands at 38th with 22.16 Mbps and China with 18.24 Mbps at the 47th place out of 189 countries.
At previous Index for December 2013 - January 2014, Mongolia was ranked in the 51st place with 13.95 Mbps (Megabit per second) out of 188 countries.
The Global Rank Index for March-April, 2014 is led by Hong Kong with 76.14 Mbps followed by Singapore with 61.43 Mpbs and Romania standing in the third with 57.8 Mbps.