Mongolia and Japan held strategic consultative meeting
June 30 (news.mn) The first strategic consultative meeting between the Foreign Ministries of Mongolia and Japan was held in Tokyo, Japan on June 26th.
The meeting was chaired by the Deputy Foreign Minister of Mongolia D.Gankhuyag and Deputy Foreign Minister of Japan Shinsuke Sugiyama.
At the meeting, both parties gave their views on the development of a strategic partnership between Mongolia and Japan and the current situation and talked over future targets.
Both parties emphasized that the speech given by President Ts.Elbegdorj, where he agreed to expand the strategic partnership to the Japanese Parliament during his state visit to Japan in 2010, was a move to boost bilateral relations between the two countries.
Deputy Foreign Minister D.Gankhuyag highlighted the extent of the strategic partnership between Mongolia and Japan in politics, security, economy, culture, education and citizen participation and as well as in the regional and global arena.
The parties then agreed to implement a strategic partnership medium term program, particularly to intensify cooperation in the economic sector.
The Government of Mongolia is to hold a Mongolia-Japan Business Forum in cooperation with the Japanese association of business organizations (KEIDANREN) and the Japan External Trade Organization (JETRO) in July.
If Parliament Approves, 45.3% of All Taxpayers to Be Eligible to Return Their 90% of Paid Corporate Income Tax
June 30 (infomongolia.com) At the Cabinet meeting held on June 28, 2014, amendments to the draft bill on Corporate Income Tax Law were revised and agreed to submit to the State Great Khural (Parliament).
In the frameworks of the second phase on tax reform to support businesses, Government resolves to refund 90% of corporate income tax paid to the state budget, whose annual sales income is no more than 1.5 billion MNT and these businesses are other than mining, minerals, petroleum products, import of petroleum, export of crude oil, mobile operator services, alcohol, tobacco, and bank & financial sectors.
In the scope of refunding the 90% of corporate income tax to SMEs, taxpayers would be eligible to re-invest with this fund and buy new equipment, and will be able to expand its operations. Enterprises who meet the following requirements concurrently, the refund will be granted without delay and not monitored.
1. Be engaged in activities not prohibited by law
2. Income sales volume in particular tax year is up to 1.5 billion MNT
3. Tax report is delivered on time
4. All taxes are paid
If the amendments are approved by the Parliament, 45.3% of all taxpayers or 40,232 enterprises will be eligible to return their 90% of paid corporate income tax.
Banzuke for 2014 July Grand Sumo Tournament Released
June 30 (infomongolia.com) On June 30, 2014, the Banzuke - rankings of professional sumo wrestlers for 2014 Nagoya Basho or Grand Sumo July Tournament to take place in Nagoya city on July 13-27 was released by Japan Sumo Association.
In upcoming July Tournament, 28 Mongolian sumo wrestlers are to compete, notably Azumaryu S.Todbileg and Kagamio B.Nanjid are promoted again to the highes Division of Makuuchi and new wrestler Sadahikari D.Narantsogt becomes a professional sumo wrestler, who will debut in Jonokuchi Division from E-23.
1. East Yokozuna Hakuho - M.Davaajargal
2. West Yokozuna Harumafuji - D.Byambadorj
3. East Yokozuna Kakuryu - M.Anand
4. ME-4 Tamawashi - B.Munkh-Orgil
5. ME-6 Terunofuji - G.Gan-Erdene
6. ME-12 Kyokutenho - N.Tsevegnyam
7. MW-12 Kyokushuho - T.Erdenebaatar
8. ME-14 Kagamio - B.Nanjid
9. MW-14 Azumaryu - S.Todbileg
10. MW-15 Tokitenku - A.Khuchitbaatar
11. ME-17 Arawashi - E.Dulguun
12. E-3 Takanoiwa - A.Baasandorj
13. W-3 Ichinojo - A.Ichinnorov
14. E-4 Shotenro - D.Nyamsuren
15. E-5 Seiro - A.Unubold
16. W-6 Asasekiryu - B.Dashnyam
17. E-1 Sakigake - Ya.Battushig
18. E-8 Chiyoshima - G.Munkhsaikhan
19. E-19 Sensho - E.Bayarbat
20. W-24 Daishoho- R.Shijirbayar
21. E-25 Gochozan - D.Uuganbaatar
22. W-32 Ryuonami - B.Buyanjargal
23. E-45 Takakasuga - E.Enkhmanlai
24. W-50 Oniarashi - U.Ulziijargal
25. E-13 Aratoshi - V.Tserendorj
26. E-18 Taiga - S.Sharavnyambuu
27. E-41 Daionami - B.Uuganbayar
28. E-23 Sadahikari - D.Narantsogt
Banzuke for sumo wrestlers released – Montsame, June 30
Minister S.Oyun at meetings of UNEA
Ulaanbaatar, June 30 (MONTSAME) Mongolia’s Minister of Environment and Green Development and president of the first United Nations Environment Session (UNEA) Ms S.Oyun has delivered a speech at a meeting of the "President’s Fellows" group, which is formulating a final document of the UNEA, to express her views on this document.
She also chaired meetings of the UNEA Bureau, high-level segment and the closing meeting within the UNEA ran June 23-27 in Nairobi, Kenya. Some 1,200 delegates from over 170 countries including Mr Ban Ki-moon, the UN Secretary-General, and Mr Uhuru Kenyatta, the President of Kenya, expressed a satisfaction with successful running of the first UNEA.
The Mongolian side was enthusiastic about working out the final document of the UNEA and collaborated with Mr Achim Steiner, Executive Director of UNEP, and delegates of Kenya, Mexico, the USA and the European Union.
The final document reflects many important issues such as implementing a decade programme on sustainable consumption and productions, combating and preventing illegal trade of wild animals and plants, taking crucial measures on climate changes, and realizing multilateral agreements on environment.
D.Batbold gives speech at high-level meeting
Ulaanbaatar, June 30 (MONTSAME) A head of the External Relations and Cooperation Division of the Ministry of Environment and Green Development D.Batbold took floor during a high-level meeting on combating illegal trade of wild animals and plants last week, within the United Nations Environment Session in Nairobi, Kenya.
Mr Batbold said a poverty is the main factor of the illicit trade and stressed an urgent need of launching a related to it cooperation and talks and of the UNEP's role in fighting against this trade. The participants underlined that the needs of consumers and problems with the poverty and corruption are the factors of the illicit commerce that harms the environment. They also underlined an importance of the private sector and civil society’s participation in tackling the problems.
Parliament to discuss amendments to corporate income tax law
Ulaanbaatar, June 30 (MONTSAME) The cabinet meeting last Saturday agreed to submit to parliament draft amendments to the corporate income tax law.
The bill recommends that in frames of the government's second stage reforms in tax environment to support running business, 90 percent income tax payment is to be returned to those companies who generated sales income less than 1.5 billion togrog. This would not apply to those who are engaged in mining, minerals, oil import/export, cellular services, alcoholic beverages and tobacco.
If the draft is approved by parliament, a total of 40 thousand 232 companies are to re-funded the income taxes they had paid earlier.
S.Oyun meets with UN Secretary-General
Ulaanbaatar, June 30 (MONTSAME) The Minister of Environment and Green Development and the president of the first United Nations Environment Assembly Ms S.Oyun met last Friday with Mr Ban Ki-moon, the UN Secretary-General in Nairobi, Kenya.
Ms Oyun conveyed to the UN Secretary-General greetings from Mongolia's President and invited him to Mongolia. Then she said Mr Ts.Elbegdorj plans to take part in the Climate Summit which will run at the Union Nations headquarters in New York on September 23, and introduced to Mr Ban governmental policy and ongoing measures concerning environment and green development. Mongolia is attaching a great importance to the Sustainable Development Goals and the Post-2015 Development Agenda, and it has organized national discussions together with the UNDP, she said.
UN Under-Secretary-General and High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States Mr G.C.Acharya greatly supported Mongolia in hosting a high-level meeting on landlocked developing countries this month in Ulaanbaatar, she noted. Mongolia is focusing on starting of actions of the International Think-Tank for Landlocked Developing Countries, she said.
The same day, Ms Oyun met delegates of Japan, the USA, the UAE, China, Iran, South Korea and Indonesia to share views with them on the cooperation issues.
President introduces some bills
Ulaanbaatar, June 30 (MONTSAME) The President Ts.Elbegdorj Monday introduced to parliamentarians and the media some draft laws being formulated in frames of the "Smart Government" initiative.
These drafts are on imposing responsibilities upon elected or appointed high level officials, on public hearing, on “glass” account and on general law on administration. The leader of Mongolia spoke about them to members of the factions of the Democratic Party, Mongolian People’s Party (MPP), "Justice" coalition (Mongolian People’s Revolutionary Party and Mongolian National Democratic Party). These bills are expected to be passed by next autumn session of parliament, and it is important to form the smart government, he said. These laws will ensure a transparency of budget, let realize a system of responsibility, make the state servants more responsible, and will provide people with necessary information, he hoped.
The bill on public hearing says about seven basic kinds of hearings focused on legislative process, general monitoring, budget monitoring, appointments, investigation, administrative norms, planning and locality, ensuring of a civil participation in the state management, the President said.
The draft law on imposing responsibilities upon elected or appointed high officials designs legal basis and rules for dismissing and recalling such servants, as well as their responsibilities.
Mongolia still do not have any laws on regulating general matters within specialized laws for state actions, so the draft on General law on administration has been worked out, he said.
With a purpose of the fruitful exploitation of budgetary capitals, the bill on “glass” account has clauses on forming a system that makes decisions and activities of the budget management more transparent, on monitoring actions of administrative bodies and officials by delivering open information to the public.
The President said he will play a key role in passing these drafts during parliamentary session.
Minister of Education and Science visits Russia
Ulaanbaatar, June 30 (MONTSAME) Mongolia’s Minister of Education and Science L.Gantomor paid an official visit to the Russian Federation on June 22-25.
He held a meeting with his Russian counterpart Mr D.V.Livanov to share views on the bilateral cooperation in education and sciences such as augmenting a number of Russian governmental scholarships for Mongolians, rising their stipends, co-implementing a programme on improving Russian language of Mongolian teachers and students. The Russian side expressed a readiness to realize this programme, starting from humanitarian universities. The sides also discussed matters on a support from the Mongolian side to centers for Mongol studies and on sponsoring researches at the Institute of Oriental Studies. Mr Gantomor requested the Russian side to involve Mongolian scholars and scientists in mega-projects on biotechnology, nano-technology, and quantum-physics.
After this meeting, the Minister signed a cooperation contract between his Ministry and Russia’s Foundation of Basic Research.
Mongolia-Czech business meeting runs
Ulaanbaatar, June 30 (MONTSAME) A Mongolia-Czech business meeting was held June 26 in Prague, the Czech Republic.
It was co-organized by the Embassy of Mongolia in the Czech Republic, the Embassy of the Czech Republic in Mongolia, the Czech-based branch of the International Chamber of Commerce (ICC), the “New Delger” LLC and Mongolia’s National Association of Construction (MNAC).
Aims were pursued to expand the bilateral ties and cooperation in the construction sector, set up direct ties between Mongolian and Czech businessmen, attract the Czech investments.
During the meeting, the MNAC spoke about projects and policies being implemented in the construction sphere, the Czech side presented their services and products. Moreover, the two sides exchanged views on widening the commercial and economic relations and cooperation in the construction sector.
Stock exchange news for June 30
Ulaanbaatar, June 30 (MONTSAME) At the Stock Exchange trades held Monday, a total of 11 thousand and 225 shares of 20 JSCs were traded costing MNT 11 million 145 thousand and 435.00.
"Khokh gan” /3,730 units/, "Remikon" /2,010 units/, "Hermes center” /1,900 units/, "Genco tour bureau” /1,297 units/ and "Aduunchuluun” /876 units/ were the most actively traded in terms of trading volume, in terms of trading value--"Atar-Orgoo” (MNT two million and 730 thousand), "Aduun chuluun" (MNT one million 718 thousand and 743), "APU” (MNT one million 624 thousand and 720), "Talkh chikher” (MNT one million and 393 thousand) and "UB-BUK” (MNT 960 thousand).
The total market capitalization was set at MNT one trillion 572 billion 314 million 198 thousand and 347. The Index of Top-20 JSCs was 15,488.80, increasing by MNT 90.48 or 0.59% against the previous day.
Four Mongolian institutes get internationally accredited
Ulaanbaatar, June 30 (MONTSAME) Four institutes have recently been accredited by the Accreditation Council for Business Schools and Programs (ACBSP).
Those are the Computer Science and Management School of Mongolia's University of Sciences and Technology, Etugen Institute, Mandakh Burtgel Institute and San Institute. Those were included in a list of 22 colleges and universities in four countries, to which ACBSP granted initial accreditation or reaffirmation of accreditation on June 29 in Chicago, USA.
"These campuses have shown their commitment to teaching excellence and to the process of quality improvement by participating in the accreditation process. The initial accreditation and reaffirmation of accreditation granted to these institutions demonstrates their commitment to provide the highest quality business education for their students," said Steve Parscale, ACBSP director of accreditation.
The Accreditation Council for Business Schools and Programs (ACBSP) is a leading specialized accreditation association for business education supporting, celebrating, and rewarding teaching excellence. The association embraces the virtues of teaching excellence and emphasizes to students that it is essential to learn how to learn.
ACBSP accredits business, accounting, and business-related programs at the associate, baccalaureate, master, and doctorate degree levels worldwide. Recognized by the Council for Higher Education Accreditation (CHEA) in 2001 and again in 2011, ACBSP was the first to offer specialized business accreditation at all degree levels.Link to article