Tuesday, May 13, 2014

Mongolia Brief May 13, 2014 Part II



Foremost soums receive prizes

Ulaanbaatar, May 13 (MONTSAME) The Prime Minister N.Altankhuyag Tuesday granted prizes to authorities of Dornod aimag’s Dashbalbar, Tov aimag’s Jargalant, Arkhangai aimag’s Erdenemandal and Khovd aimag’s Uyench soums that are selected as the foremost soums of this year.

Each soum received the certificate and a cash prize of MNT 100 million. By a governmental resolution, the governors of these soums were obliged to spend 90% of the money for developing industries and services, augmenting job places and improving furnishing in their localities.
During the ceremony, the Premier congratulated the soums’ governors on becoming foremost soums being selected from 330 soums, and said these soums are selected through the criteria for creation of good environment for people and herders to live and construction works and making job places.


Mongolia to collaborate with Israel in rehab surgery

Ulaanbaatar, May 13 (MONTSAME) Israel has a willingness to cooperate with Mongolia in the health sector.
The Concurrent Non-Resident Ambassador of Israel Mr Matan Vilnai said it at a meeting when he and accompanied him official were received Tuesday by N.Udval, the Mongolia’s Minister of Health.
First, Israel’s side put forward a proposal to Mongolia to cooperate in introducing a new technology for accelerating healing of big wounds caused by trauma and diabetics. Combined oxygen and vacuum treatments, this technology has been invented by Professor M.Topaz, an Israeli rehabilitation surgeon, Mr Vilnai mentioned.
Moreover, the Ambassador said a team of eye surgeons of his country wants to work in Mongolia.
In response, Ms Udval mentioned that medical doctors and surgeons from the National Center for Traumatology and Rehabilitation (NSTR) and the 1st Central Clinical Hospital have been involved in training to get familiarized with the new technology of Israel, and then said it necessary to develop the collaboration between the Israeli doctors and the NSTR. She appreciated the proposal for collaborating with eye surgeons of the country, and said it is possible to collaborate in holding training-seminar regarding the eye medical treatment.


Golomt Bank Held “International Trade Finance” Workshop with Global Law Firm “Clyde & Co”

May 12 (Golomt Bank) Foreign trade volume is increasing due to the continuous growth of Mongolian economy. Hence, Golomt bank held “International Trade Finance” workshop with worldwide renowned law firm, Clyde & Co, to provide information on how to enter international trade without risk for Mongolian business owners. The business partners and the customers of Golomt bank have participated in the workshop.  
Clyde & Co, the largest global law firm, is known to the world by its heritage and a resolute focus on its clients’ business interests. With over 1,500 lawyers operating from 37 offices and associated offices in six continents, the firm advises and provides consulting services to financial institutions, infrastructure, energy, insurance, mineral resources and governments. 
Clyde & Co Mongolia not only provides legal consulting to companies and individuals who are interested to start a business or to invest in Mongolia but also provides an information on how to expand your business, how to evaluate your asset, and how to do IPO in international treasury market. The workshop was led and lectured by Mr. Stephen Tricks of Clyde & Co, a highly professional lawyer for 25 years specialized in international trade and commodity finance. 
“Mongolia Trade and Commodity Finance” international forum will be held in Mongolia on May 13th. Golomt bank is participating to the forum as Platinum sponsor and because the workshop has been held just before the forum, it is bringing high value to the Mongolian business owners regarding the international trade environment, expansion of their business scope internationally as well as prevention from possible risks.


Golomt Bank becomes first FATCA compliant bank in Mongolia

May 13 (Golomt Bank) We are pleased to inform that Golomt Bank became the first Mongolian bank to be compliant with the Foreign Account Tax Compliance Act (FATCA) and the relevant mandatory implementing regulations and agreements in line with all major banking institutions worldwide.  
Please be advised that Golomt Bank has been registered with the US Internal Revenue Service (IRS) as a Participating Foreign Financial Institution (PFFI) and obtained its Global Intermediary Identification Number (GIIN).  Golomt Bank will be included in the first list of registered entities to be published on June 2nd 2014. 


Stock exchange news for May 13

Ulaanbaatar, May 13 (MONTSAME) At the Stock Exchange trades held Tuesday, a total of 35 thousand and 893 shares of 26 JSCs were traded costing MNT 34 million 442 thousand and 835.60.
"Bayanbogd" /12 thousand and 918 units/, "Merex" /10 thousand units/, "Hermes center" /6,210 units/, "Mongolia development" /3,000 units/ and "Mongol savkhi" /1,369 units/ were the most actively traded in terms of trading volume, in terms of trading value--"Bayangol hotel” (MNT 16 million and 682 thousand), "Gutal" (MNT two million 891 thousand and 880), "Mongolia development" (MNT two million 099 thousand and 980), "Darkhan khovon" (MNT two million 003 thousand and 400) and "Gobi" (MNT one million 881 thousand and 600).
The total market capitalization was set at MNT one trillion 613 billion 074 million 422 thousand and 913. The Index of Top-20 JSCs was 15,661.35, increasing by MNT 23.25 or 0.15% against the previous day.


Mongolia finishes 2nd in East Asian Judo Championship

Ulaanbaatar, May 13 (MONTSAME) Mongolian judokas captured four gold, four silver and 12 bronze medals in the 7th East Asian Judo Championship held last weekend in Ulaanbaatar, Mongolia.
The gold medals went to G.Odbayar IMS in the men’s 73 kg, N.Dagvadorj in the men’s 81 kg, D.Sumya in the women’s 57 kg and Ts.Naranjargal in the women’s 70 kg contests of the tournament. In the team contest held on the last day, the Mongolian men’s team claimed gold medal, whereas the women’s team won a bronze medal.
Besides Mongolia, this year’s championship was attended by about 90 judokas from Japan, South Korea, North Korea, China, Taiwan and Hong Kong, competing in men’s and women’s 14 the weight categories.
As the team result, the national team of Japan took 1st place, grabbing seven gold, two silver and four bronze medals.


World champion M.Urantsetseg tops IJF ranking

Ulaanbaatar, May 13 (MONTSAME) A State Honored Sportswoman and World champion M.Urantsetseg has led the world ranking for women’s 48 kg category by the latest rankings of top judokas of the world released by the International Judo Federation (IJF).
An official document on the news has been sent from the IJF to the Mongolian Judo Federation (MJF), and it says that M.Urantsetseg led the ranking with 2,848 points after adding up 500 points by winning a gold medal in the Baku Grand Slam.
According to the latest rankings, a State Honored Sportsman and Olympic bronze medalist S.Nyam-Ochir was ranked 2nd in the men’s 73 kg category. G.Boldbaatar IMS (men’s 60 kg) was ranked 3rd, D.Tomorkhuleg (men’s 66 kg)--4th place, D.Amartuvshin (men’s 60 kg) and D.Sumya (women’s 63 kg)--5th places, and a State Honored Sportsman and World champion Kh.Tsagaanbaatar--6th place in the men’s 73 kg category.
Other judokas were listed in first 15 places.


Meet the brave young volunteer

May 13 (news.mn) A brave volunteer who helps the hard working street cleaning service workers has been spotted on the streets of Ulaanbaatar. She is Jesse Bercaw, an American student of World Learning SIT Mongolia program. Jesse Bercaw applied for work as a volunteer in the Public Services Ulaanbaatar brigade like a real street cleaning service worker. A brave, young lady who sweeps the streets is admired by everyone passing.
-I found a picture of you on Facebook and decided to meet you. I appreciate that you help the busiest people of Ulaanbaatar City. Why did you decide to do this as a volunteer?
-In the USA, where I come from there are no street cleaners. I was fascinated about what the street cleaner do when I came to Mongolia. Then I wanted to experience and learn about the street cleaners working conditions, how they see their work, and if they are satisfied with their work.
-How is the work?
-It is fascinating but really hard work. These people are very hard-working. And they do it honestly. It is hard to imagine how they do it outside for hours in the long winter.
-What time to you start and finish?
-We start at 7.00 in the morning and have a break for lunch around 12 - 2.00 pm and finish at 6.00 pm.
-What about weekends?
-One of the days is a day off. Last Saturday my teacher Tumuruu (one of the experienced workers of the brigade) and I were on duty.
-What makes you disappointed the most when you clean the streets?
-What makes me disappointed was we clean all around and when we came back everything is dirty all over again.
-Do people seem surprised seeing a foreigner who sweeps the streets?
-Yeah, Mongolians are friendly, open people. Since I worked here for four days, a lot of people came to me to say hello and kept asking why I was doing this. Another one even suggested me another job.
-What is your business here in Mongolia?
-I am studying here for the World Learning SIT Mongolia program.
-A photo of you on facebook got a lot of shares and likes.
-Oh yeah? I’m today`s big star.
-Why are your colleagues laughing at you?
-Today I broke my broom. I am very embarrassed about it. That`s why they are laughing at me.
Her colleagues of the Public services Ulaanbaatar brigade are very proud of the young, brave volunteer. She is being supervised by one of the best workers L.Tumuruu.
The road and field master, O.Erdenebayar, spoke about the volunteer saying that she is easygoing so there is no problem. The busiest, most hard-working people in Ulaanbaatar city called the free give-away of garbage bags from the City Mayor as litter. But the City Administration has already spent billions on the free give-away of garbage bags.
These street cleaners also complain about the multitude of cigarette ends that are thrown out from vehicle windows that are littering the streets of the city.

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