Tuesday, June 10, 2014

Mongolia Brief June 10, 2014 Part II

“Economy and Investment in Health Sector” Meeting Runs

Ulaanbaatar, June 10(MONTSAME)An “Economy and investment in health sector” named meeting ran at the State House on June 7.

This action was co-organized by the Ministries of Health and of Economic Development and Chamber of Commerce and Industry in frames of 100-days for intensifying national economy.
It was said that some of the participants, namely the UN Population Fund, the Community of Independence, the S.Korean “Narooni” hospital and eight domestic enterprises, made investments of 913 million togrog to get equipment for medical assistance and service and human resources trainings in a scope of their social responsibility. 

Junior Footballers Compete at National Championship

Ulaanbaatar, June 10(MONTSAME) The national junior football championship began Monday in the central stadium.
Organized by the Mongolian Football Federation, the tournament is running in six categories of U13, U15, U17 of boys and girls, with a participation of boys’ 37 and girls’ 25 teams.
The championship will continue until this Friday.

Mongolians at World University Taekwondo Championship

Ulaanbaatar, June 10(MONTSAME) Mongolian students are competing in the 13th world university taekwondo championship in Hohhot, China.
The events will continue until June 14 in two main competitions of poomsae and kyorugi with a participation of some 400 student-athletes from more than 40 countries such as Mongolia, USA, Turkey, Thailand, Sweden, Spain, Russia, S.Korea, Mexico, Japan, Indonesia, Cote d’Ivoire, Egypt, Brazil and Australia.
The Mongolian team consists of ten--Z.Oyunbuleg, U.Amartuvshin, S.Yanjinlkham, P.Temuujin, M.Tumenbayar, I.Odsuren, E.Enkhtulga, B.Sergelenbat, B.Tuvshinjargal and B.Boldbaatar.

Our Belly Dancer Becomes Champion at WBDF

Ulaanbaatar, June 10(MONTSAME) Mongolian belly dancer N.Bayarmaa successfully participated in the World Belly Dance Festival which ran in Singapore May 21-27.
She has become an Adult Fusion Solo Champion and the fifth in the "Traditional Belly Dance" category among 200 belly dancers from around the world.
Bayarmaa has performed accompanied by the Mongolian folk band "AltanUrag" and zither player Munkh-Erdene's music to show the Mongolian Queen Mandukhai the Wise. 

Cyclists Begin their 4000 km Mongolia-Russia Tour

June 10 (news.mn) Cyclists of ShiliinBogd Cycling Club commence their 4000 km “Friendship - 2014” tour through Mongolia and Russia from ChinggisKhaan Square on Tuesday June 10th. The cycling tour begins in Baruun-Urt sum in Sukhbaatar aimag. Cyclists stayed in Ulaanbaatar to take part in a cycling parade during the Ulaanbaatar Marathon that was held on Saturday.
The Cycling tour is a part of a project “Cycling in Ulaanbaatar”. The tour by cyclists of ShiliinBogd Cycling Club will travel to Baruun-Urt, Ulaanbaatar to Khatgal, Khankh, Mondy, Baykalsk, Ulan-Ude, Chita, Aginskoe, and back to Ereentsav, Dornod for over two months. The Minister of Culture, Sport and Tourism, the Mongolian National Olympic Committee, Mongolian Adventure Travel Association, The Governor`s Office, Local Representative Khural in Sukhbaatar province, and ShiliinBogd Cycling Club are supporting the  “Friendship - 2014” cycling tour.

Prime Minister N. Altankhuyag Delivers a Speech at the International Labour Conference

June 10 (news.mn) The 103rd International Labour Conference (ILC) is being held in Geneva Switzerland between May 28-June 12th. At the time of current global downturn, over 5000 workers, employers, and government delegates from 180 countries gathered at the World Work Summit to protect and save jobs, and to support employment.
At the ILO World of Work Report for 2014 under the theme of ‘developing with jobs’ Prime Minister N. Altankhuyag delivered a speech.
Prime Minister N. Altankhuyag said in the speech “Mongolia has become productive since it joined the ILO in 1968. Over the past three years, the economy of Mongolia has had double-digit growth. The government of Mongolia is making great efforts to develop and implement policies and strategies focused on creating jobs and increasing income. Mongolia has been supporting employment dealing with three-party agreements for the past two decades. Mongolians say “no pain no gain.”
At the ILO World of Work Report for 2014 ILO Director-General Guy Ryde held a meeting with the Prime Minister of Mongolia to discuss Mongolia`s participation in the projects implemented by the ILO.
The Labour Minister of Mongolia, Ya.Sanjmyatav and The International Labour Organization’s (ILO) Assistant Director-General and Regional Director for Asia and the Pacific, MrYoshiteruUramoto worked in cooperation to sign a memorandum of understanding (MoU).

Mongolia and Macau to Intensify their Combat Against Human Trafficking

June 10 (news.mn) The Minister of Foreign Affairs of Mongolia, Mr. Sh.Sukhbaatar and Chief of the Secretariat for Security of Macau (the Special Administrative Regions of the People's Republic of China), Vong Chun Fat held a business meeting on June 6th to make further progress towards their commitment to fight against human trafficking and to further implement their "Agreement on Cooperation to Combat Human Trafficking" signed in 2010 between Mongolia and Macau.
The representatives from Mongolia who attended this meeting were: Deputy Chairman of the General Takhar Department of Mongolia B. Batzorig, the Chairman of the Criminal Police Department's Organized Crime Division B. Batzorig, the Consulate General of Mongolia to Hong Kong and Macau Z. Battushig, and the Project Manager of a Human Security Policy Studies Centre NGO J. Batzaya.
As result of the meeting, both parties agreed to pass an action plan budget which was suggested by Mongolia and to hold the next meeting in Ulaanbaatar in 2016.

Government of Mongolia and International LabourOrganization SignMemorandum of Understanding onCooperation

June 10 (infomongolia.com) Mongolian delegates led by Prime Minister Mr. Norov ALTANKHUYAG areparticipating in the 103rd Session of the International Labour Conference hosted byInternational Labour Organization (ILO) in Geneva, Switzerland on May 28-June 12,2014.
Over 5,000 workers, employers and government officials from the ILO's 185 memberstates are attending to tackle a wide range of issues, including labor migration andemployment strategies, ways out of informality and strengthening ILO Convention 29on forced labor.
In the frameworks of the World of Work Summit themed “Developing with Jobs – TheWorld of Work in 2014” held at the Assembly Hall of the Palais des Nations on Monday, June 09, Prime Minister of Mongoliadelivered a speech, where Mongolia is participating in this Conference for the first time at Premier-level.
In his remarks, Prime Minister N.Altankhuyag stressed, “Mongolia joined the International Labour Organization as a memberstatein 1968 and since then has been fulfilling its duties having positive results. In the last three years, Mongolia’s economicgrowth is being measured in a two-digit number and the Government of Mongolia is working and focusing to create anemployed and paid Mongolian citizen”.
During the visit, Premier N.Altankhuyag held a meeting with the ILO Director-General, Mr. Guy Ryder, where parties exchangedviews on the Organization’s implementing programs aimed to develop competitive and responsible productivities. Besides,Prime Minister asked the Director-General to include Mongolia in the ILO’s Skills for Trade and Economic Diversification (STED)Program.
Moreover, an accompanying Minister for Labor of Mongolia Mr. Yadamsuren SANJMYATAV and Director of Regional Office forAsia and the Pacific Mr. YoshiteruUramoto have signed a Memorandum of Understanding on Cooperation between theGovernment of Mongolia and the International Labour Organization.
The 103rd Session of the International Labour Conference
Key issues raised in the ILO World of Work Report 2014 entitled “Developing with Jobs” will be discussed, including:
- How can working conditions be improved and exploitation and modern slavery eliminated in the world today?
- What can be done to generate an enabling environment for business that stimulates the creation of decent jobs?
- What works in terms of achieving social protection, economic development and socially inclusive growth at the same time?
- What role can social dialogue play in promoting a “developing with jobs” agenda?
Exceptionally, the Conference will celebrate today the World Day Against Child Labor, where the annual meeting of theSteering Committee of the International Programme on the Elimination of Child Labor (IPEC) will be held today from 01:00 to03:00 pm by local time at the Palais de Nations on June 10, 2014.

Art Performances Welcoming Tourist Season and NaadamFestival Commenceby Mongolian National Song andDance Academic Ensemble

June 10 (infomongolia.com) In the scope of approaching summer time and tourist season, Mongolian NationalSong and Dance Academic Ensemble has been staging a performance as customaryfor foreign tourists visiting Mongolia.
In this regard, “Wonders of Mongolia Art” is making its opening on this Sunday, June15 featuring Mongolian custom, tradition and heritage through culturalperformances.
The program comprises:
- “Wind Ballad” by N.Bold based on the songs, dances, hymn, epics, drawling songsand the tangible heritages of our ancestors that first was produced on the occasion ofthe 2222 anniversary of founding the first statehood of Khunnu (Xiongnu) Empire.
- “Melody of Nomads” performance by D.Ganbold, which shows the songs, music, dances, folk costumes, specifics of living styleand tradition of ethnic groups living in every corner of our country.
- “Mongolian Legendary Queens” dance epics or dancing collection by D.Bayarbaatar featuring Nine Queens who were markedin Mongolian history for their contribution to the flourishing deed of the nation.
The “Wonders of Mongolia Art” will be staged every day at 06:00 pm until October 01, 2014 and welcoming the NationalNaadam Festival, the Song and Dance Academic Ensemble will be performing a special program “World Famed Mongolian Art” on July 05-15, 2014.

Mongolia’s Current Account Deficit Stands at 434.3 MillionUSD

June 10 (infomongolia.com) On June 09, 2014, the Central Bank of Mongolia released the preliminary balance ofpayment for the first 4 months of 2014.
Current account deficit stands at 434.3 million USD which is a decrease of 56 percentor 543.3 million USD from the previous year. This includes (1) deficit of internationaltrade account of goods decreased by 114 percent, thus showed surplus of 41.3million USD; (2) trade of services deficit decreased by 12 percent to 447.0 millionUSD; (3) deficit of income account dropped by 49 percent to 108.3 million USD; and(4) current transfer increased by 123 percent to 79.7 million USD.
Balance of capital and financial accounts showed surplus of 121.4 million USD whichis decrease of 84 percent or 620.4 million USD from the previous year. This is due to 64 percent decline of foreign directinvestment from abroad to Mongolia that equals to 604.9 million USD.
In this reporting period, surplus of portfolio investment offsets deficit of other investment. While, the issuance of Samurai bond bythe Development Bank of Mongolia has triggered portfolio investment surplus to increase by 342.0 million USD, increase of368.2 million USD in other investment deficit is explained by increase of trade credit assets (145.6 million USD) and netcurrency and deposit (217.6 million USD).

Draft laws on ensuring economic transparency and tax amnesty submitted

Ulaanbaatar, June 10 (MONTSAME) The Minister of Justice Kh.Temuujin MP Monday submitted to the Speaker bills on backing the economic transparency and on tax amnesty.
The draft initiator said the first bill aims to disclose hidden sources of capitals and incomes and to impose on them taxes and to eliminate forged financial and tax reports but without any fines or punishment.
In conjunction with it, the draft on granting the tax amnesty has been worked out. This amnesty is considered as one of the popular measures in many countries to support the economic transparency and to decrease the “hidden” economy. It provides tax payers with a favourable condition to pay their taxes in due times, causing no criminal case and legal punishment, he said.
The tax amnesty bill aims also to regulate the relations in sanctions at the administrative responsibility law and in exemption of punishment at the criminal law.

Int’l conference to run

Ulaanbaatar, June 10 (MONTSAME) Mongolia plans to organize an international conference in frames of the Ulaanbaatar Dialogue on security in Northeast Asia.
This is the first international scientific conference to run in frames of the Ulaanbaatar Dialogue, initiated by the President of Mongolia Ts.Elbegdorj during the 7th Ministerial Conference of the Community of Democracies (CoD) last year in Mongolia.
It is expected that the conference will bring together some 100 scholars and researchers of Northeast Asian countries (Mongolia, Russia, China, Japan, South Korea and North Korea), USA and EU countries. Mongolia intends to introduce the UB Dialogue and its importance to the related sides, to provide them with relevant information and to take necessary advice and recommendations.

Ambassador presents credentials to Margrethe II of Denmark

Ulaanbaatar, June 10 (MONTSAME) The Concurrent Non-Resident Ambassador to the Kingdom of Denmark Mr Z.Altai presented last week his diplomatic credentials to Her Highness Margrethe II, the Queen of Denmark.
At the meeting, held after this ceremony, Mr Altai conveyed to the Queen greetings from the Mongolian President and noted that the Mongolia-Denmark political and economic relations and cooperation have been intensifying, examples of which are the President’s visit in 2010 and Foreign Minister’s visit in 2014 to Denmark. He also expressed an aspiration to realize works concurred during these visits and to expand the trade and economic cooperation.
The Ambassador said he wants to introduce the Danish latest green technologies for renewable energy to Mongolia and added that his country is working on attracting investments from Denmark and to develop collaboration in the renewable energy. He also said he is studying opportunities to mount in Scandinavian countries an exhibition of dinosaurs found in Mongolia.
In response, Her Highness Margrethe II expressed a satisfaction with an active development of the bilateral ties, and said she heard about Mongolia from a famous anthropologist Henning Haslund-Christensen and from Crown Prince of Denmark Frederik, who visited Mongolia several times. She wished the Ambassador a success.

Stock exchange news for June 10

Ulaanbaatar, June 10 (MONTSAME) At the Stock Exchange trades held Tuesday, a total of 13 thousand and 102 shares of 23 JSCs were traded costing MNT 26 million 909 thousand and 848.00.
"Moninjbar” /5,000 units/, "Khokh gan" /3,006 units/, "APU” /1,718 units/, "Gobi" /944 units/ and "State Department Store” /777 units/ were the most actively traded in terms of trading volume, in terms of trading value--"Gobi” (MNT seven million 084 thousand and 740), "APU" (MNT six million 153 thousand and 560), "Talkh chikher" (MNT five million 112 thousand and 300), "Darkhan nekhii” (MNT one million and 891 thousand) and "Suu” (MNT one million and 568 thousand).
The total market capitalization was set at MNT one trillion 524 billion 788 million 476 thousand and 066. The Index of Top-20 JSCs was 14,997.25, decreasing by MNT 569.72 or 3.66% against the previous day.

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