Four Projects in Construction and Health Sectors to Be Financed by Government Securities Traded
May 27 (infomongolia.com) Due to approaching holiday this weekend, Mothers' and Children's Day, the Government held its regular Cabinet meeting on May 26, 2014.
In accordance with the recommendations issued by the National Security Council of Mongolia, the fund sourced from trading the Government Securities will be distributed to finance those projects and programs first to implement, following the revision made at the Policy Council meeting held on May 20, 2014.
Accordingly, it was resolved to finance the following four projects and programs that aim to replace import and increase export outputs:
- “Khukh Tsav Cement Factory” project submitted by “Mongolyn Alt” LLC to produce up to 3,000 tons of clinker a day and up to 1 million tons of cement per year;
- “Montsement” project by “Monpoliment” LLC to build a cement factory with capacity of production up to 1 million tons of cement per year;
- “Cement Factory” a joint project by “Davaat” cooperative with all members full liability and “Erchim” JSC to produce up to 300 thousand tons of cement per year;
- “Intravenous Solution Manufacture” project by “Enkhiin Shuuder” LLC to produce up to 7 million flacons per year.
The finance for above four projects in construction and health sectors will be allocated via Development Bank assigned by Minister of Economic Development N.Batbayar and Development Bank's Board of Directors in terms of repayment of up to one-third of the total funds by May 2017.
Government to Finance Four Plant Projects – Montsame, May 27
Apartment Corporation Reports at “Hours of Construction” Meeting
Ulaanbaatar, May 27 (MONTSAME) This state-run Corporation intends to realize a policy on providing people with apartments of affordable prices and to implement a discount policy for a targeted group.
The corporation’s director A.Gantulga said it at the “Hours of great constructions” weekly meeting Monday. He also said the National Great Construction Corporation has been selected to implement a project on ”Buyant-Ukhaa” apartment town, which will take USD 50 million from the Development Bank of Mongolia (DBM) and employ 1,500 people.
It is projected that prices of the apartments will be MNT one million 280 thousand per square meter, 25-30% cheaper of the current market price, Gantulga said, adding that 1,764 flats have been put into use already, waiting for buyers.
Some 1,500 people--state servants, seniors, the disabled and young families mostly--have satisfied the condition for receiving the flats after nearly six thous. had applied through the automatic machines of governmental services. Now, 224 one-room flats, 33-39 square meters each, out of 1,764 are left empty, so these flats will be given to people in accordance with governmental guidelines, Gantulga said.
A foundation stone laying ceremony took place Monday for the “Buyant-Ukhaa-2” apartment town, he went on. This town will have some 7,000 flats, a kindergarten for 280, a secondary school for 980, a service center, a cultural center and seven-storey garage. Some 2,500 flats are expected to be put into use this year, he said.
The corporation’s authorities reported that a programme launched to build 1,000 flats in centers of every aimag. The construction is to start in Uvs, Khovd, Arkhangai and Khovd aimags, they added.
Cabinet Meeting in Brief
Ulaanbaatar, May 27 (MONTSAME) The Cabinet meeting decided Monday to officially present to the National Security Council a parliamentary draft resolution on measures to be taken about the Tavan Tolgoi deposit.
It has been aimed to implement a direction stated in an appendix of a parliamentary resolution on some measures for stimulating the economy.
Directions and suggestions of the National Security Council on the matter will be submitted to parliament by the cabinet.
Congratulatory Letters Exchanged
Ulaanbaatar, May 27 (MONTSAME) The Mongolian FM L.Bold and Switzerland's President and head of the Federal Department for Foreign Affairs D.Burkhalter have exchanged congratulatory letters.
Mr Bold writes that he is satisfied with a wide range of the 50-year bilateral friendly cooperation and hopes that these ties will intensify in the future.
Mr Burkhalter mentions about the 10th anniversary of the Representation establishment of the Swiss Agency for Development and Cooperation /SDC/ in Mongolia and expresses a confidence in further strengthening and enhancing of friendly relations between the two nations.
Bills to Be Submitted to Parliament
Ulaanbaatar, May 27 (MONTSAME) The cabinet on Monday backed draft laws on supporting the economic transparency and on granting amnesty. These bills will be submitted to parliament.
The bill on economic transparency aims to disclose sources of capitals and incomes and to impose on them taxes. By this, taxes will cover more and forged financial and tax reports will be eliminated without any fines or punishment. The draft also has clauses on the registration of real estates and legal bodies, on accounting and reports of capitals and incomes.
In conjunction with this bill, the draft law on granting amnesty has been formulated in order to regulate the relations in sanctions at the administrative responsibility law and in exemption of punishment at the criminal law. In other words, people who committed tax, finance and enterprise crimes will be freed once from the administrative responsibility and criminal punishment.
Deputy Ministers of Justice of Mongolia and China Sign Memorandum on Cooperation
May 27 (infomongolia.com) Upon the invitation of the Minister for Justice of Mongolia, Mr. Khishigdemberel TEMUUJIN, the Deputy Minister of Justice of the People’s Republic of China, Mr. Zhang Sujun is conducting a working visit to Ulaanbaatar on May 26-27, 2014.
On Monday, May 26, Minister Kh.Temuujin held a meeting with the Deputy Minister Zhang Sujun, where the latter part expressed his grateful for invitation and noted this visit would be important to discuss bilateral legal sectors and intergovernmental cooperation.
On the same day, the guest held a meeting with the Deputy Minister of Justice E.Erdenejamiyan, where the sides exchanged views and information on legal reforms, law enforcement system and activities of prisons of the two countries, besides broadening the ties and cooperation in the sector, intensifying a legal assistance to each other and on convict exchange issues.
Afterwards, a memorandum on cooperation between the two Ministries was signed by Deputy Ministers of Justice to consider issues discussed.
In the frameworks of the visit, Deputy Minister Zhang Sujun will be got acquainted with the General Authority for Implementing Court Decisions of Mongolia and meet the Chairman D.Yadamdorj today on May 27, 2014.
Justice Ministry signs MoU with Chinese Deputy Justice Minister – news.mn, May 27
Stolen Buddhist statues returned to museum
May 27 (news.mn) The seven priceless Buddhist golden statues that were stolen from the Erdene-Zuu museum in Kharkhorin, Uvurkhangai aimag, were returned by the General Police Agency after only one week. As result of the immediate investigation after the theft of the priceless cultural heritage the police were able to arrest three suspects.
The three are now accused for planning and carrying out the crime to steal the seven Buddhist goddess statues that are estimated to be worth more than 100 million MNT. A source says that the three suspects had been waiting for the right time to steal the exhibits near the museum for days ahead of the incident. But local residents were suspicious about the three strangers who arrived in the area in a vehicle without a license plate number and informed the local police about their presence. Police could identify the suspects` vehicle and intents because of the local residents actions.
Police clocked the time of entry of the suspects` vehicle into Ulaanbaatar City on May 19th.
A search of the suspects` home in Songinokhairkhan district in Ulaanbaatar city found the stolen items, and the statues were then delivered to the Zanabazar Museum of Fine Arts on Monday in the presence of the Minister of Culture, Sport and Tourism. The three suspects were arrested and taken to detention center 461 of the Court Decision Enforcement Office. The Minister of Culture, Sport and Tourism Ts.Oyungerel expressed her appreciation to the police for retrieving the unique cultural heritages before they were smuggled and lost, and she pledged to pay attention to the protection and safety of the cultural items in the museum.
Ulaanbaatar hosts 5th APT Cyber Security Forum
May 27 (news.mn) The 5th APT Cyber Security Forum (CSF-5) began in Ulaanbaatar on Monday May 26th.
The Forum, organized by the Asia-Pacific Telecommunity (APT), hosted by the Information Technology, Post and Telecommunications Authority (ITPTA) is being held at the Best Western Premier Tuushin hotel from 26th to 28th May.
The forum is being represented by participants from 20 Asia-Pacific countries to help with the implementation of the project “Provide security of information” that was launched by the Information Technology, Post and Telecommunications Authority. Participant countries include Afghanistan, Bangladesh, Bhutan, China, North Korea, Laos, Vietnam, Cambodia, Malaysia, the Maldives, Myanmar, Nepal, the Philippines, Fiji, Pakistan, Papua New Guinea, Sri Lanka, Thailand, Tonga, and Japan. The Forum aims to bring together stakeholders responsible for Cyber security systems in the Asia-Pacific region to enhance the regional collaborative efforts in combating cybercrime, enhancing cyber security, countering spam activities and other threats.
Forum participants will also share information on practical experiences, knowledge, and expertise on cyber security including public awareness.
Car Free Day on June 7th
May 27 (news.mn) The annual car-free day in Ulaanbaatar falls on June 7th this year.
Ulaanbaatar has celebrated a car-free day annually for five years, calling attention to health and promoting clean air without any pollution in the city.
On this day, citizens of Ulaanbaatar city will give up their vehicles and instead ride bicycles or choose to walk.
Any sirens or horns of vehicles except those belonging to special forces on duty will be banned on the day.
From this year, the International Ulaanbaatar Marathon will be held on the car-free day.
For the car-free day, vehicle traffic from Peace Avenue to the West Crossroads (Baruun dorov zam) and Revolutionists` street on Baga toiruu - Zaluuchuud avenue will be banned between 10.00 am and 5.00 pm.
Chairman of China Investment Corporation Assures to Support and Assist Co-Implementing 30 Billion USD Coal-To-Gas Plant in Mongolia
May 27 (infomongolia.com) On May 26, 2014, Speaker of the State Great Khural (Parliament) Mr. Zandaakhuu ENKHBOLD received in his office the Secretary-General of the State Council and Chairman & CEO of China Investment Corporation, Mr. Ding Xuedong.
At the meeting, Mongolian side was attended by Minister of Mining, Mr. Davaajav GANKHUYAG and the other part by Ambassador Extraordinary and Plenipotentiary of the PR of China to Mongolia, Mr. Wang Xiaolong as well as other officials from both sides were also present.
At the beginning of meeting, Speaker Z.Enkhbold mentioned the discussed issues between the heads of state of the two countries during the Fourth Summit of the CICA held in Shanghai and thanked the Chinese side for supporting to strengthen the bilateral cooperation in the infrastructure sector. Moreover, parties exchanged views on coal gasification project implementation in Mongolia.
During the meeting, the Secretary-General Ding Xuedong briefed about the China Investment Corporation’s activity and stated to support and assist on the implementation of the coal gasification project. Moreover, 30 billion USD of investment is required to implement the project and Mr. Ding Xuedong expressed his hope that the Parliament of Mongolia would collaborate by providing tax eases and on other relevant tasks.
In addition, he extended his satisfaction in the improvement on Mongolia’s Law on Foreign Investment and expressed China’s interest to increase the volume of investment into Mongolia.
Speaker Z.Enkhbold noted the head of state of the PR of China will be conducting a state visit to Mongolia in August 2014 and during the visit, a ground breaking ceremony for the coal-to-gas plant is planned, and Speaker said Mongolia is willing to collaborate with China in many other major projects that would play an important role in the future economic development of the country.
"USA Eagles" Wins over "SBL Khasyn Khuleguud" and
Mongolian National Basketball Team As Well
May 27 (infomongolia.com) It was previously reported that upon the invitation of "SBL Khasyn Khuleguud", an American "USA Eagles" basketball team would have two friendly matches in Ulaanbaatar with Mongolian top players.
On, May 25, a game namely Super Sunday was held between the "USA Eagles" and "SBL Khasyn Khuleguud" teams at the Central Sports Palace in Ulaanbaatar.
However, host team played well, but lost to guests after four periods with a score of 92:101.
So on May 26, the "USA Eagles" team was invited to play with Mongolian National Basketball Team and the match was concluded very competitive with narrow score of 91:90 on behalf of the guest team.
The final results of Mongolian National Team was led by T.Sanchir with 23 points followed by B.Odbayar 21 pts, B.Bilguun 19 pts and O.Uuganbayar 8 pts, where the "USA Eagles" team led by J.Modley with 15 pts, B.Bauer 15 pts and S.Rosengberg with 11 pts respectively.
Tuul River Project Discussed
Ulaanbaatar, May 27 (MONTSAME) With a financial support of the Japan Fund for Poverty Reduction /JFPR/ through the Asian Development Bank /ADB/, a first discussion of technical assistance for the "Tuul River improvement" project is running in the UB city May 27-28.
This project is carried out by the Tuul River Basin Authority and ecxecuted by the Ministry of Environment.
At the action, a technical assistance team for the project preparation, consisting of 15 foreign and domestic specialists, has been presenting research process. The project model is expected to be done by this November, after which in 2015 a loan agreement for the project will be made.
As supposed, the project outcome will also include improvement in the river's waters and flood protection in the city.
The above discussion was attended by the Minister S.Oyun and Mr Takenori Shimizu, the Japanese Ambassador to Mongolia.
Minister Meets CIC Delegation
Ulaanbaatar, May 27 (MONTSAME) The Minister of Economic Development N.Batbayar Monday received a delegation headed by Mr Ding Xuedong, CEO of the China Investment Corporation (CIC).
The latter expressed a willingness to make investments to the biggest projects in Mongolia. As of present, the CIC has invested USD 210 billion at international level, of which one billion has been made to Mongolia. The delegation is here to study opportunities to augment its investments.
As known, the President and the PM paid last week visits to China and Russia to back with them a “Five lines” or “Steppe ways” project on building auto roads, railways, gas and oil pipelines and electricity lines, which requires huge investments.
Since constructing of the Peace Bridge in Ulaanbaatar 50 years ago, Mongolia has not received from China big investments for the construction. Now, a recently adopted new law on investments gives investors a confidence that a realization of mutually beneficial projects and increase in investments have become more real and secure, the CIC head said.
Vice Speaker Meets Austrian Delegation
Ulaanbaatar, May 27 (MONTSAME) A Vice Speaker of the State Great Khural and head of the Mongolia-Austria inter-parliamentary group L.Tsog Tuesday received a delegation led by Ms Irene Giner-Reichl, the Ambassador Extraordinary and Plenipotentiary of Austria to Mongolia.
Expressing a satisfaction with seeing the Vice Speaker, Ms Irene said the Mongolia-Austria Economic Forum is annually held since 2008 and spoke about a Vienna waltz festival held last Saturday on the central square of Ulaanbaatar.
In turn, Mr Tsog emphasized that he wants to intensify the parliamentary ties between Mongolia and Austria as the chair of the inter-parliamentary group.
The National chambers of commerce and industry of the two countries annually run the Mongolia-Austria business forum. This year’s action ran Monday with a participation of 50 business delegates of the two countries.
Apart of the dignitaries, present at the meeting were Mr Richard Schenz, a vice president of the Austrian National Chamber of Commerce and Industry; and Mr Oskar Andesner, attache of the Austrian Embassy in Beijing.
"One World-One School" Project Runs in Province
Ulaanbaatar, May 27 (MONTSAME) Financed by the European Union and the Czech Development Agency, "One World-One School” project started in seven secondary schools of Ovorkhangai province last week.
This project has been carried out by the Czech Republic-headquartered “People In Need” /PIN/ international non-government organization. The project is to improve children's understanding about human rights, democratic values and social education by ways of using documentary films and other video materials.
The PIN implements humanitarian relief and long term development projects, educational programs, and human rights programs in crisis regions all over the world.
Inspectors Get Trained on Risk Management
Ulaanbaatar, May 27 (MONTSAME) Managers and officers of provincial and the city's inspection agencies are learning international experiences on risk management these days.
The online training session began Monday with lessons on international experiences in risk-based inspection, smart regulations of inspection agencies, roles of state inspectors, led by Mr Florentin Blanc, Consultant at International Financial Corporation (IFC).
The Risk Management team of the Specialized Inspection Agency (SIA) also held a meeting with the IFC delegation to hear recommendation on development of some documents including projects of "Risk Management Strategy" and "Risk Assessment and Inspection Planning Procedures" and directory of "Introduction of Risk Management System to Inspection Agency".
A collaboration of IFC and SIA on risk management matters began four years ago.
Mongolians Climb Elbrus
Ulaanbaatar, May 27 (MONTSAME) Alpinists from the Sutain Bor mountaineering club of Gobi-Altai province raised May 18 the national flag of Mongolia on the peak of the Mount Elbrus (5,642m), the highest mountain in all Europe.
The Mongolians dedicated this climbing to the 90th anniversary of the Tonkil soum (smaller administrative unit in provicnes) of Gobi-Altai. The team included a trainer at Sutain Bor Club D.Batjargal, members A.Batsukh, D.Ganchuluun, B.Onon, B.Enkhtor, N.Batsaikhan, together with two guides from a Russian mountaineering club.
Mount Elbrus is a dormant volcano in the western Caucasus mountain range, in Kabardino-Balkaria and Karachay–Cherkessia of Russia, near the border with Georgia. Mt. Elbrus's peak is the highest in Russia.
USA Eagles Visit Xac Bank
Ulaanbaatar, May 27 (MONTSAME) Having arrived in Ulaanbaatar at invitation of Khasyn Khulguud club, the USA Eagles basketball team Monday visited the Xac Bank.
In celebration of their 10th anniversary, Khasyn Khulguud basketball club of the bank has invited to Mongolia the US Eagles playing in the US National Collegiate Athletic Association (NCAA) Men’s Division I.
The "Eagles" had Monday a friendly match with Khasyn Khulguud and own over the host team with score margin of 101:92. The guest team is to have another friendly match with the national team of Mongolia Tuesday evening.
Mongolian Goes to Singapore to Fight
Ulaanbaatar, May 27 (MONTSAME) Mongolian fighting athlete J.Narantungalag is to compete against Honorio Banario from Philippines at so-called ‘Honor and Glory’ tournament in Singapore on May 30.
Narantungalag won the Legend FC Lightweight Championship in Macau, China on October 30 of 2011, defeating Adrian Pang from Australia, and defended the championship title on March 30 of 2012 in Hong Kong defeating Yui Chul Nam from South Korea. However, the title went to Japanese Koji Ando, to whom Narantungalag lost the match due to an ankle injury on April 27 in Kuala Lumpur, Malaysia.
If Narantungalag defeats his opponent from Philippines, he will be awarded a right to fight against Japanese Koji Oishi for the world championship title.
Mongolia-Spain Multilateral Partnership Meeting 2014 in
May 27 (infomongolia.com) Mongolian National Chamber of Commerce and Industry (MNCCI) in association with Spain Trade and Investment (ICEX) and the Economic and Commercial Office of the Embassy of the Kingdom of Spain in Beijing, PR of China are going to organize the Mongolia-Spain Multilateral Partnership Meeting 2014 in Ulaanbaatar on June 04-05, 2014.
The event is aimed to promote collaboration between Spanish and Mongolian companies to participate in the projects financed by Multilateral Funds.
The Multilateral Partnership offers Mongolian companies the opportunity to meet leading and well-known Spanish companies, with great expertise in the following fields:
Transport, Urban and Tourism Infrastructure
Energy (generation and transmission)
Environment (especially water, urban and industrial treatment)
Photo News: Yak Festival 2014
May 27 (infomongolia.com) Within an aim to increase the number of heads and promote the Yak breeding, the Governing Administration of Umnugovi Aimag successfully organized the third Yak Festival at Yolyn Am near Zuun Saikhan Mt. of Dalanzadgad Sum on May 24, 2014.
During the "Yak Festival 2014", several sports competitions such as lasso, parade of herders riding yaks, yak marathon, yak race and bestowing the best breed were organized.
In the contest of yak marathon, a team from Bayandalai Sum led by M.Enkhtur won the marathon followed by teams from Bayandalai and Khurmen Sums headed by B.Baatar and N.Bayanchuluun.
Also, the yak race was held, where a herder from Khurmen Sum, N.Uuganbayar finished in the first place followed by Z.Erkhembayar and Ts.Munkhbat both from Bayandalai Sum.
Besides, best yak breed and herders with most number of heads were also selected and awarded.
Notably, reporters from British BBC television have arrived to screen a documentary film about yak and the festival.
Organizers are aiming to conduct such measures annually and promote their Gobi region as tourism destination by involving more local tourist unions, entities, herders and participants as well.
Prime Minister N.Altankhuyag Meets Newly Promoted
Yokozuna Kakuryu M.Anand
May 27 (infomongolia.com) On May 27, 2014, Prime Minister of Mongolia N.Altankhuyag received in his office the 71st Yokozuna of Japanese Grand Sumo, Kakuryu, Mangaljalav ANAND, who is temporarily staying in his home country after the 2014 May Tournament and since the new title was awarded.
During the meeting, Premier N.Altankhuyag congratulated recently promoted Yokozuna Kakuryu for his achievements and wished success to his further career, who has been highly raising Mongolia’s reputation in a sumo world.
“I sent a letter couple times to Japan Sumo Association with my great enthusiasm to become a sumo wrestler when I was 16 years old and when a sumo wrestler Kyokushuzan Batbayar welcomed me at the airport, it has been passed 12 years of my sumo career”, comments Kakuryu M.Anand.
The 71st Yokozuna also advised Mongolian youths, "Success is not only followed by hard practice, but also it is important of proper behavior. The key to success is to do any job sincerely regardless of its capacity and by respecting others you will be granted same”.
Premier receives “Kakuryu” M.Anand – Montsame, May 27
Welcome to Ice Cream Festival 2014
May 27 (infomongolia.com) As part of celebration the Mothers’ and Children Day holiday in Ulaanbaatar, “Suu” JSC is organizing the “Ice Cream Festival” in front area of ASA Circus on May 31 and June 01, 2014.
During the Festival, many events are planned to be held such as largest ice cream tasting, airing 500 balloons and free ice creams to first come first served participants. Besides, fun games like "I am the ice cream monster" as well as singing contest and "neon laser" show and other performances will be organized.Link to article