Wednesday, June 11, 2014

Mongolia Brief June 11, 2014 Part II

Women’s Empowerment Training Runs Here

Ulaanbaatar, June 11 (MONTSAME) A ‘Women’s Economic Empowerment’ training has begun in Bishrelt hotel on June 11.

The training has been organized in collaboration of the Government of Mongolia, the National Gender Committee, and the Asia Foundation.
Based on the recommendations of participants of the training, a sub-strategy for 2016 will be developed with goals to secure gender equality in economic activities, to equally allot the resources of banking, financial and loan policies, and other economic opportunities, and to promote women’s economic empowerment.
During the two-day training, participants are expected to make presentations under various topics including ‘human rights, gender and governance’, ‘tax relief, exemption and incentive for small and medium enterprises (SME)’, and ‘SME social insurance and wages’.

Here Comes Mongolia-India Business Forum

Ulaanbaatar, June 11 (MONTSAME) A Mongolia-India business forum is scheduled to run in the National Chamber of Commerce and Industry on Thursday.
Organized by the commerce chambers of Mongolia and India, the forum will discuss cooperation development with India, and tendencies in imports and exports between the two countries, within goals to broaden economic, commercial and business relationship between Mongolia and India.

National Triathlon Championship to Run in Arkhangai

Ulaanbaatar, June 11 (MONTSAME) The national triathlon championship 2014 is scheduled to take place in central Arkhangai province July 19-20.
The Ogii Lake of the province hosted the previous national triathlon championship in 2013. This year, in the championship, Mongolian triathletes will compete at three events of swimming, biking and running in/near the Ogii Lake.
The triathlon championship has been included a national tournament program for 2014 earlier approved by the Ministry for Culture, Sports and Tourism.

Tagir Khaybulaev to Compete at Chinggis Khaan Grand Prix

Ulaanbaatar, June 11 (MONTSAME) The Chinggis Khaan grand prix judo tournament is scheduled to take place in Ulaanbaatar on July 4-6.
One of the most anticipated wrestlers to honor the event is Tagir Khabulaev (29) of Russia. The Russian judoka of Avar descent bagged his country's 3rd gold medal by defeating the defending champion N.Tuvshinbayar of Mongolia to win the men's under -100kg Olympic judo title in 2012 Summer Olympics.
Another judoka likely to compete in men’s under -100 kg event of the Chinggis Khaan Grand Prix is Dimitri Peters from Germany who became third at 2012 Summer Olympic, following Khabulaev and Tuvshinbayar.

Poland-Based Mongolians Celebrate "Naadam" Festival

Ulaanbaatar, June 11 (MONTSAME) Poland-based Mongolians celebrated the 808th anniversary of the Great Mongolian Empire and the 93rd of the People's Revolution in Warsaw city on June 7.
Some traditional competitions, including wrestling and ankle bone shooting, were run at the event.
At the celebration with over 300 citizens of Warsaw city, our folk band “Dunjingarav” and talented Mongolian students studying in this country gave art performances such as folk songs, morin khuur, throat singing, dancing and national musical instruments.
Furthermore, presentations on the topics about Mongolian life style, “Naadam” festival, traditional costumes and custom were introduced to the participants.

D.Davaanyam Grabs Bronze in Usti Nad Labem Grand Prix

Ulaanbaatar, June 11 (MONTSAME) A Mongolian boxer D.Davaanyam wona bronze medal in the 45th Usti nad Labem International Grand Prix tournament held June 4-7 in Usti nad Labem city, the Czech Republic.
Competed in the men’s 69 kilo contest, Davaanyam had a bye in the first bout. He was defeated by a Georgian opponent Gela Abshidze at the semi-finals. Later, the Georgian captured the gold medal by beating an Armenian boxer Arman Darchinyan.
Other two boxers O.Norovbal (men’s 64 kg) and B.Bilgiin (56 kg) did not win a medal.

Mongolian Band to Celebrate 8th Anniversary

Ulaanbaatar, June 11 (MONTSAME) A Mongolian indie rock band ‘A Sound’ is planning to present their fans a so-called ‘Eight Years’ concert in National Recreation Park on June 13-14.
During the concert to be staged at the ‘Black Pearl’ ship in the Park, the band will entertain the audience with their hit songs including ‘Forever’, ‘Uyanga’ (Melody) and ‘Shine On’.
“A Sound” has had success in Mongolia with songs and albums released in both Mongolian and English versions. Their songs' smooth melody and emotional lyrics are most influenced in the band's great success in brief time.
A-Sound put out their debut album in July 2008: Release. It was the first Mongolian rock album to feature some songs in English. The album featured many popular songs, including: "Uyanga," "Shine On" and "Forever."
In early 2009, a deluxe version of Release was put out and featured two bonus live cuts. Later in 2009, A-Sound began recording a follow up album, but after becoming unsatisfied with the results, scraped it.

“Mongolian Coins and Banknotes” exhibition opens

June 11 ( An exhibition of “Mongolian Coins and Banknotes” is opening at the Mongolian State History Museum at the State Palace in Ulaanbaatar, for the occasion of the 90th anniversary of the founding of the Bank of Mongolia and the banking system in Mongolia.
The curator of the exhibition is the Bank of Mongolia and the Mongolian Association of Numismatics.
At the exhibition, works by “Tort Eus Khaadin San” (Төрт Ёс Хаадын Сан), images of the Great Khans of the Mongol Empire, who were descendants of Chinggis Khaan`s Golden Family, will be displayed for the first time.
Golden, silver and copper coins from the Mongol Empire XIII-XIV centuries are considered to be unique subject of research because of their exclusive designs, popularity, metal, weight, size and engravings in International Numismatic Studies.
Recently there are more and more collectors of ancient Mongol Empire coins. As coins were engraved with the names and honors of its rulers, city, location and dates, coins can tell us a lot about history.
Each coin from the ancient Mongol Empire is a most precious source of historical research about Mongolia in XIII-XIV century.

The macroeconomic indicators show stable growth

June 11 (Mongolian Economy) In May 2014, the national consumer price index rose 1.5 percent from the previous month, totaling a 13.7 percent increase from the previous year. This percentage increase is largely due to higher prices in goods and services such as food and nonalcoholic beverages, restaurants and hotels, and other miscellaneous products according to National Statistical Office monthly release. 
According to a report from the Bank of Mongolia, money supply reached 10233.3 billion togrog, representing a 0.3 percent increase from the previous month. Circulated currency reached higher levels as well, totaling 863.0 billion togrog, a 2.5 percent increase from April 2014. Loans outstanding amounted to 12053.4 billion togrog, which is a 2.6 percent increase from the previous month.
These indicators are rising at quick levels as principals in arrears amounted to 380.6 billion togrog, equivalent to a 27.3 percent increase from April 2014. Nonperforming loans reached 619.7 billion togrog, rising 0.6 percent from the previous month.
Many of the macroeconomic indicators show stable growth. Revenues increased as equilibrated revenue and grants of the General Government Budget totaled 2177.5 billion togrog. Total expenditure and net landing of the budget came out to 2284.5 billion togrog. This represents a deficit of 106.9 billion.  As subsidies and transfers rise as well as expenditure on goods and services, the total expenditure and net landing continues to grow. 
External trade balance presents a similar story. In the first 5 months of 2013, there was a deficit of 824.7 million USD. However, within the first five months of this year, deficits added up to 204.0 million USD, a 620.8 million USD decrease.

The industrial production picked up across many sectors

June 11 (Mongolian Economy) Economic sectors present a wide diversity in statistical analysis. Adult animals in Mongolia have shown a decrease in the amount of deaths. In the first 5 months of this year, 226.0 thousand heads have been declared, a 50.3 percent decrease from the same period in the previous year. The industrial production index increased 13.3 percent in May from the previous year, representing an increase in the amount of production across many economic sectors, says NSO of Mongolia. 
In the mining sector, mining of resources such as coal, crude oil, and copper with concentrate had an increase of 1.6-88.5 percent. The production of other products including bakery products, milk, and flour rose 3.0 percent in the manufacturing sector compared to the previous year, contributing the rise in the industrial production index. 
The transportation sector also saw rises in the amount of passengers and freight carried by rail. 7750.9 thousand tons of freight and 1360.6 thousand passengers were assisted by railway, rising 5.6 and 11.7 percent respectively. However, air transport saw decreases, showing that 1338.8 tons of freight and 248.2 thousand passengers were assisted. This represents an 11.1 percent and 9.6 percent drop from the previous month, respectively. 
In other terms, the daily average concentration of nitrogen oxide exceeded acceptable level of air quality standards in areas around the city. Sulpher dioxide also exceeded acceptable levels. In the first 5 months of the year, 2152 disasters and accidents occurred resulting in the death of 46 people and 11999 livestock and animals. The government spent a total of 394.4 million togrog on these disasters and accidents.

Mongolian Citizens No Longer Pay Entrance Fee of 5 CNY to

Erlian City

June 11 ( The State Great Khural (Parliament) of Mongolia ratified a Law on Border Port during the last autumn plenary sessions and in the scope of effectiveness of the new law (from April 01, 2014), it cites “A border port with international status is to have an administration organ”.
Accordingly, an administrative organ is set up at Zamyn-Uud border port and has been operating since June 01, 2014.
Newly opened Zamyn-Uud Border Port Administration authorities accomplished its first work negotiating with China part (Erlian Border Port) to annul entrance fee of 5 CNY per traveler from Mongolian citizens, which is effective from June 10, 2014.
Thus, a citizen of Mongolia is authorized not paying any fees to enter Erlian (Erenhot or Ereen) City, Inner Mongolia Autonomous Region of China and according to data, Mongolian nationals used to pay about 12 million CNY or 2 million USD annually, which were collected from only 5 CNY entrance fee per person.

Business-to-Business Meeting between Mongolian and South Korean Entrepreneurs to Be Organized by KOTRA Ulaanbaatar

June 11 ( The KOTRA Ulaanbaatar Business Center is hosting a Business-to-Business Meeting between Mongolian and South Korean entrepreneurs at the Chinggis Khaan Hotel in Ulaanbaatar on July 03, 2014.
At this В2В meeting, 8 enterprises from Korea are claimed to participate to promote and introduce their products and services to Mongolian market.
These companies are:
1. Kumho Co.,Ltd - Ansimine Fruit & Vegetable Cleaner
2. Postech Co., Ltd - Welding machine & monitoring system refrigeration-air conditioning training system
3. BNP Co.,Ltd - Inorganic Mortar Surface Composite Insulation Technology
4. HyunDae Meditech Co., Ltd - Meso-Pri Secret Line
5. Cyber Factory - cyber-defense technology
6. Neo Dr. Inc - Thread
7. Jonhun Trade - heavy equipment
8. Yang Yang Trading Co.,Ltd - heavy equipment
In April 2014, the KOTRA Ulaanbaatar in collaboration with Mongolian National Chamber of Commerce and Industry had also organized a "One-to-One" meeting between business representatives from Mongolia and South Korea.

South Korean K-Pop Girls Fiestar Band to Co-Celebrate Korean Culture Day in Ulaanbaatar

June 11 ( In the frameworks of organizing its Cultural Days, the Embassy of the Republic of Korea in Ulaanbaatar is hosting the third Korean Culture Day under “Beautiful Country - Korea” at the National Amusement Park that aims to introduce Korean culture to Mongolians on this Saturday, June 14, 2014.
As part of events, a drawing contest will be organized among secondary school children, which to start at 02:00 pm, and 16 contestants will be awarded. Later, an opening ceremony will commence at 04:00 pm introducing Korean traditional food, dance and taekwondo performances.
Also, a contest will be held to select Mongolian participants to compete in the "K-Pop World Festival" traditionally hosted by KBS television and winners will be granted to participate in the K-Pop Festival in Korea in coming autumn.
Moreover, this year’s main surprise is inviting South Korean K-pop girls Fiestar band to stage at the National Amusement Park in the evening of June 14, 2014. The Culture Day will be broadcasted live via Korean KCBN and local UBS televisions.

Deputy Premier D.Terbishdagva meets his counterpart of Kyrgyzstan

Ulaanbaatar, June 11 (MONTSAME) The Deputy Prime Minister of Mongolia D.Terbishdagva Wednesday met with visiting his counterpart of the Republic of Kyrgyzstan Mr T.D.Sarpashev.
The Deputy Premier expressed thanks to Mr Sarpashev for visiting Mongolia, and then mentioned that Mongolia has become one of the leading countries with the highest economic growth. He said the countries are possible to develop their cooperation in the economy, agriculture, industry, tourism and trade sectors.
At the meeting, the parties discussed a present socio-economic situation in Mongolia and Kyrgyzstan, the bilateral relations and cooperation, and issues of registration bodies.
Mr Sarpashev noted that some 20 years passed since the countries established the diplomatic relations as well the Treaty on Friendly Relations and Cooperation, and emphasized the Mongolia-Kyrgyzstan cooperation has been intensifying in many spheres.
The visit of the delegation led by Mr Sarpashev will continue until Thursday. Within the visit, they will leg the General Election Commission (GEC), the State Registration Agency (SRA) and organizations of health.

Consular Department director visits China’s Guangdong province

Ulaanbaatar, June 11 (MONTSAME) Director of the Consular Department of the Mongolia’s Ministry of Foreign Affairs Sh.Sukhbaatar has visited China’s Guangdong province.
On Tuesday, he held a meeting with Mr Hu Wei, a deputy chairman of the foreign affairs division at the government of China’s Guangdong province, on activating an intergovernmental agreement between the governments of Mongolia and China’s Macau to combat human trafficking. Earlier, the Consular Department of Mongolia and authorities of the Macau’s Security Authority had reached a specific agreement on the matter.
Because of a boosting of the commercial and economic ties and increasing of flow of mutual visits, Mongolia needs to open its consular representative in Guangzhou city. So, the two sides exchanged on seeking an opportunity to open a consulate of Mongolia in the city.

Tuva governmental chairman awarded Polar Star Order

Ulaanbaatar, June 11 (MONTSAME) The Polar Star Order of Mongolia has been bestowed upon Mr Sholban Kara-ool, chairman of the government of Russian Tuva Republic.
Pursuant to a decree of the President Ts.Elbegdorj, the state order is awarded to him for strengthening the friendly ties between Mongolian and Tuva people and developing the regional cooperation between Tuva and Uvs aimag.
Consulate-General of Mongolia to Kyzyl city D.Ganbold granted the Order to Mr Sholban Kara-ool on Tuesday.

Stock exchange news for June 11

Ulaanbaatar, June 11 (MONTSAME) At the Stock Exchange trades held Wednesday, a total of 5,739 shares of 10 JSCs were traded costing MNT 11 million 209 thousand and 985.00.
"Khokh gan” /2,479 units/, "Mongolia Telecom" /2,000 units/, "Gobi” /757 units/, "State Department Store" /149 units/ and "Sharyn gol” /116 units/ were the most actively traded in terms of trading volume, in terms of trading value--"Gobi” (MNT five million 715 thousand and 350), "Mongolia Telecom" (MNT two million and 890 thousand), "Sharyn gol” (MNT 826 thousand and 200), "Material impex” (MNT 515 thousand and 500) and "Darkhan nekhii” (MNT 390 thousand).
The total market capitalization was set at MNT one trillion 520 billion 418 million 463 thousand and 679. The Index of Top-20 JSCs was 14,899.81, decreasing by MNT 97.44 or 0.65% against the previous day.

Mongolians to attend Asian Junior Exchange Games

Ulaanbaatar, June 11 (MONTSAME) The Mongolian Badminton Federation organized on June 7 an athlete selection for the upcoming Asian Junior Exchange Games.
Six best athletes out of thirty young people under 15 were given rights to represent Mongolia in the Asian Junior Exchange Games this August in Tokyo, Japan from August 31 to September 2.
The team includes B.Monkhbold, U.Bat-Urel, D.Dashnyam, B.Narantsesteg, O.Janchiv and D.Bulgamaa, who compete at the tournament against young players from 16 Asian cities such asBangkok, Delhi, Hanoi, Jakarta, Kuala Lumpur, Manila, Seoul, Singapore, Taipei, Yangon, Macau, Iwate, Miyagi, Fukushima, Ibaraki and Tokyo in preliminary elimination matches and final playoff matches.
The overall aim of the undertaking is not only to foster sports-related technical and mental skills, but also encourage international friendships among youth of different nationalities, in the true spirit of the Olympic Movement.

Mongolian shooter wins medals in IPC Shooting World Cup

Ulaanbaatar, June 11 (MONTSAME) A master of sport Z.Ganbaatar from the “Avarga” club captured a gold medal in the IPC Shooting World Cup held June 1-7 in Fort Benning city, USA.
The Mongolian shooter competed in the men’s 50 meters classic pistol event, collecting a total of 178.2 points at ten rounds. Before this, he had grabbed a bronze medal in the men’s 10 m pistol event, where a Norwegian shooter won a gold medal with 198.6 points.  
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