Tuesday, August 12, 2014

Mongolia Brief August 11, 2014 Part I



Mongolia Awards Kyakhta Border Service of Russia
By D. Enkhbileg
Ulaanbaatar, August 11 (MONTSAME) The President of Mongolia and the Commander-in-Chief of the Armed forces Ts.Elbegdorj issued on August 8 a decree on bestowing the Mongolian Order of Military Glory upon the Kyakhta border service.

To implement the decree, a Mongolian delegation, led by the Chief of the Presidential office Mr P.Tsagaan, headed the same day for Kyakhta, a town and the administrative center of Kyakhtinsky District in Russian Republic of Buryatia, located near the Mongolia-Russia border and standing directly opposite the Mongolian border town of Altanbulag. Mr Tsagaan was accompanied by his assistant B.Bulganbayar and a press officer J.Dashtseren, a head of General Authority for Border Protection (GABP) Brigadier-General Sh.Lkhachinjav, a head of the border service department at the GABP Colonel D.Mungunjin, and the Deputy of Commissioner of the boundary in Selenge area Colonel Ch.Deleg.
At the Russian border checkpoint of Kyakhta, the delegation was warmly welcomed by high officials, among whom were Mr Vyacheslav Nagovotsyn, the Head of Republic of Buryatia; I.Arjaev, the Minister Counsellor of the Embassy of Russian Federation to Mongolia; M.Gershevich, the Chairman of the Buryatia’s Great Khural; I.Bondarev, the Mayor-General and chief of the Border Guard Service of Russia’s Federal Security Service in Buryatia; and A.Buyantuev, the Chairman of the “Khyakhtinski District” municipality.
Solemn announcement of the Mongolian leader’s decree and the ceremony of conferring the Order of Military Glory took place in the administration office of Kyakhta. Under anthems of Mongolia and Russia and being saluted by the Guard of honor, composed by the board troops and the 37th motorized infantry brigade, Mr Tsagaan attached the Order to the Battle flag of the Kyakhta Border service.  “Today I had a great honor to reward the Kyakhta Border service of the Border Patrol Directorate of the Russian Federal Security Service in Buryatia with the Mongolian Order of the Military Glory, at the decree of the Mongolian President and Commander-in-chief Elbegdorj Tsakhia,” he said. Having congratulated personnel of the border troops and the gathered on this remarkable event, Mr Tsagaan stressed that this award “is the recognition of the huge merit of the Russian Border Troops and Armed Forces in a protection of the independence and sovereignty of Mongolia, in the maintenance of peace on the borders of both countries, and in the cooperation between our two peoples”.
He also noted that the presentation of such an honorable award comes at a significant time, "namely, on the eve of the solemn celebration of the 75th anniversary of our common victory in Khalk Gol River battles and the visit of Russian President Vladimir Putin to Mongolia”.  “We attach a great importance to these events, and there is no doubt that this visit will open a new stage in the development of the friendly relations and cooperation between our two countries,” he said.
“According to the deep meaning of the words said by our President, the Russians are the only people in the world who shed their blood for Mongolia, for its independence and sovereignty, and this was demonstrated to the whole world during the Khalkh River battles,” he went on. “I was glad to learn that the Kyakhta border troops had participated in these battles too, Mongolia never forgets about this,” he noted and expressed “a sincere gratitude to all veterans and the gathered”. 
The Khalkh River battles had demonstrated unique talent of great commander G.Jukov, who later became the Hero of the Great Patriotic War, he noted. “It is symbolic that this grand event is taking place in Kyakhta, here began a new story Mongolia XX century, here used to gather fathers of the People's Revolution of 1921,” he stressed. 
Mongolia and Russia are the eternal neighbors, the Mongolia-Russia borders are the calmest ones in the world, “which represent one of values of our relationship,” Mr  Tsagaan said. “Paraphrasing the Mongolian proverb ’if the lake is calm—the ducks are calm’, we can say ‘if borders are calm—the state is calm”.  
A close cooperation between border regions and services “of our countries play their role in our friendly relationship, and we are determined to deepen these ties,” he said and wished all the gathered successes in their “noble protection of the borders and maintenance of friendly ties between the two peoples”.  
After him, several officials took the floor to underline a commitment to the friendship and cooperation between our two countries, and to cover bonds of military brotherhood, especially in the Khalkh River battles. The award was highlighted as “symbolizing the recognition and expression of gratitude to the border guards and all the soldiers of Russia, as well as residents of Buryatia: fathers and grandfathers of many of them took part in the war for the independence of the Mongolian People's Republic (former name), some 16 thousand Buryat were mobilized, almost a third of the fighting army". Mr Nagovitsyn said, for example, that the award “became an important event not only for the Kyakhta border service but also for the Mongolia-Russia ties”.
Journalists noted the value of the event and then asked some questions, for example, about signing a visa waiving agreement during the visit of Mr Putin to Mongolia. To this Mr Tsagaan expressed a hope that many important issues will be addressed that will elevate the relations to a newer level.                  
The visit of the delegation took less than six hours but ran in atmosphere of warmth, friendliness and mutual understanding.
By the way, this award is not the first one Kyakhta receives from Mongolia. In 1970s it was given our Order of Sukhbaatar--the highest state award equal to the former Soviet Union’s Order of Lenin.
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Stock Exchange Weekly
By B. Khuder
Ulaanbaatar, August 11 (MONTSAME) Five stock trades were held at Mongolia's Stock Exchange August 4-8, 2014.
In overall, 99 thousand and 882 shares were sold of 37 joint-stock companies totalling MNT 87 million 822 thousand and 774.40.
"State Department Store” /25 thousand and 091 units/, "Hai Bi Oil” /14 thousand and 228 units/, "Hermes center” /13 thousand and 390 units/, "Remikon” /12 thousand and 609 units/ and "Silikat” /8,000 units/ were the most actively traded in terms of trading volume, in terms of trading value--"State Department Store” (MNT 14 million 064 thousand and 670), "Tavantolgoi” (MNT 13 million 318 thousand and 065), "Bayangol hotel” /MNT eight million and 604 thousand/, "APU” /MNT eight million 057 thousand and 386/ and "Hai Bi Oil” (MNT five million 658 thousand and 878).

Mongolia for First Time Participates at ASEAN Foreign Ministers' Meeting
August 11 (infomongolia.com) Mongolian delegates led by Foreign Minister Luvsanvandan BOLD have attended at the 47th ASEAN (Association of Southeast Asian Nations) Foreign Ministers' Meeting took place in Nay Pyi Taw, the Republic of the Union of Myanmar on August 08-09, 2014.
Mongolia participates at this high-level regional meeting for the first time, where Minister L.Bold was invited as a Guest of Honor, and it is a significant event for Mongolia as the country aims to be involved extensively into Asia Pacific regional integration as well as noticeable step toward advancing the objectives of Mongolia’s foreign relations priorities.
On the first day of the meeting, Foreign Minister L.Bold held a press conference at the ASEAN Press Center, he delivered comprehensive information about Mongolia’s policy on international and regional cooperation. Also, Minister L.Bold introduced the country’s implementing policies and activities to become the ASEAN Dialogue Partner Country.
At the press conference, reporters from Japan, South Korea, Singapore and Myanmar have been acquainted with Mongolia’s relationship policy with its two neighbors, High-level Meeting on Northeast Security Issues initiated by Mongolia namely “Ulaanbaatar Dialogue” as well as Mongolia’s relationship established with ASEAN and other international organizations.
During the 47th ASEAN Meeting, Foreign Minister L.Bold paid a courtesy call on the President of Burma (Myanmar) Thein Sein and hold a bilateral talk with the Minister of Foreign Affairs of Myanmar Wunna Maung Lwin.
On August 08, 2014, a Signing Ceremony of the Memorandum of Understanding on Cooperation between the Ministry of Foreign Affairs of the Republic of the Union of Myanmar and the Ministry of Foreign Affairs of Mongolia was held in Nay Pyi Taw, which is considered an important step to strengthen bilateral relations.
The 47th ASEAN Foreign Ministers' Meeting has been followed with some broad ranges meeting such as the 21st ASEAN Regional Forum, 15th ASEAN Plus Three Foreign Ministers' Meeting and 4th East Asia Summit Foreign Ministers' Meeting, where Mongolia’s Foreign Minister L.Bold is participating and holding mutual talks with his counterparts from ASEAN member states.
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Mongolian Stock Exchange to Introduce New System on Trading Currency Futures and Options Contracts
August 11 (infomongolia.com) In the scope of implementing the "Securities Market Law" by Mongolian Stock Exchange (MSE), the MSE has been starting to develop regulations on the currency futures and options contracts to trade via MSE.
By introducing derivative financial instruments into domestic market, residents, entities, companies and investors will be enabled to manage financial risks. The regulations on trading currency futures and options contracts will be determined by MSE and Financial Regulatory Commission in accordance with the rules of the Securities Market Law, and the MSE is planning to introduce the new system starting from October 01, 2014.
Moreover, the MSE offers Custody & Securities Services Masterclass, which was conducted at MSE on August 06-07, 2014.
This training was dedicated for market participants, who planning to be involved in this business.
The Masterclass was presented by Bruce Lawrence, Senior Post Trade Advisor of London Stock Exchange group, who has over 30 years of experience in this business. The objectives of the Masterclass were to acquaint the proposed organizations with the intricacies of the Custody and Security industry and at the same time assist them in their on-going development as a Mongolian sub-custodian. This Masterclass was addressed the important principles of the business and the produces and services required by the international investor community.

Winners of Mongolian National Golf Open Championship 2014
August 11 (infomongolia.com) The National Golf Open Championship 2014 organized by Mongolian Golf Association (MGA) took place at "Mt. Bogd" golf course, which is located 13 km southeast from Ulaanbaatar city, and was hosted by Sky Resort on August 07-10, 2014.
This is the 11th Open Championship, where 60 male and 7 female golfers have competed and notably, Japanese professional player Shingo Katayama has witnessed the championship upon the invitation of MGA.
Winners of National Golf Open Championship 2014:
Men’s category
1 place - L.Dondovtseveen
2 place - D.Ulziidelger
3 place - B.Munkhbaatar
Women’s category
1 place - A.Enerel
2 place - B.Batnaran
3 place - D.Bayarmaa
In conjunction, the XVII Asian Games, the largest sporting event in Asia governed by Olympic Council of Asia, will be taking place in Incheon, South Korea from September 19 to October 04, 2014 with 439 events in 36 sports and representing Mongolia, L.Dondovtseveen, D.Ulziidelger, G.Mendsaikhan and B.Altaibaatar in the Men’s Golf, where A.Enerel, B.Batnaran and D.Bayarmaa will competing in the Women’s category respectively.
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Russia-Mongolia-China Fair Trade to Be Commenced in Manzhouli to Promote Trilateral Economic Partnership
August 11 (infomongolia.com) In the frameworks to develop the trilateral economic partnership and bring interborder collaboration into a new level, Russia-Mongolia-China Fair Trade will be commenced at the International Convention and Exhibition Center in Manzhouli city of Inner Mongolia, China on August 22-25, 2014.
The Fair Trade is hosted by the All-China Federation of Trade Unions as general organizer in collaboration with Mongolian National Chamber of Commerce and Industry, and the People's Government of Manzhouli.
Nevertheless, the Chamber of Commerce and Industry of the Russian Federation will be participating as an official partner along with the China Council for the Promotion of International Trade and the People’s Government of Inner Mongolia.
This year’s event will be focused on forestry and mining industry, construction materials, vehicles and auto parts. Also, during the presentation of the exhibition, enterprises will be enabled to host workshops and seminars, and ceremony to select the best participants will be also organized.

Mongolian and Russian Civil Aviation to Broaden Cooperation
August 11 (infomongolia.com) Upon the invitation of the Minister for Transport of the Russian Federation Maksim Yurevich Sokolov, Minister for Roads and Transportation of Mongolia Amarjargal GANSUKH paid a working visit to Russia on August 06-09, 2014.
During the visit, Minister A.Gansukh held a meeting with his counterpart M.Yu.Sokolov, where parties reached consensus discussing the sector’s collaboration and its broadening issues. Specifically, transit freight transportation, technical renovation of Ulaanbaatar Railway JSC, cooperation between civil aviations of Mongolia and Russia as well as partnership of MIAT Mongolian Airlines and Aeroflot Russian Airlines.
Moreover, Mongolian delegates led by Minister visited the Federal Air Transport Agency, Moscow State Technical University of Civil Aviation and “Aerosoyuz” company based in Moscow that engaged in the sale, maintenance and operation of helicopters of foreign production for private and corporate customers.
Besides during the bilateral talks, the two parties negotiated to train Mongolian students at the Russian University of Civil Aviation and prepare qualified specialists in aviation.
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