Mongolia Brief April 7, 2014
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.
Related:
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
Z.Enkhbold
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.
Comments
Post a Comment