Mongolia Brief August 4, 2014 Part II
Capital Market Day of Mongolia in London
August 4
(Mongolian Economy) The Mongolian Stock Exchange and the London Stock Exchange
are working together to host “Capital Market Day” in London on September 9,
2014.
London was chosen as the ideal city for the event as it is one of the
largest financial centers in the world. The London Stock Exchange has
previously worked with the Mongolian Stock Exchange to help upgrade the MSE’s
new system, Millennium IT.
This event is
aiming to attract more investment from the international market as well as
introducing more foreign investors to Mongolian companies. Mongolian businesses
will also have the opportunity to be dually listed on the LSE. For Mongolian
companies that are interested in participating are encouraged to register with
the MSE by August 8, 2014.
The MSE will
also introduce a Custody and Securities Services Masterclass on the 6thand 7th
of August. This event will be run by Bruce Lawrence, a Senior Post Trade
Advisor of the LSE group. The objectives of this Masterclass will be to assist
organizations with on-going development as Mongolia sub-custodians as well as
engage them in standards of the international investor community.
Celebration of Khalkh River Battle Victory discussed
Ulaanbaatar,
August 4 (MONTSAME) A Vice Chairman of the State Great Khural (parliament) and
head of the Mongolia-Russia inter-parliamentary group L.Tsog Monday received Mr
A.V.Oganov, a counselor of the Russian Federation Embassy in Mongolia. The
meeting was dedicated to matters on marking the 75th anniversary of the
Victory on Khalkh River Battle.
Mr Oganov said
the Embassy will bring to Mongolia a documentary film featuring Marshal
G.K.Zhukov who commanded the Khalkh River Battle. A representative of
Mongolia’s Organization for Peace and Friendship (MOPF) said that this
documentary will be translated to the Mongolian.
The sides also
noted that many other events will run in frames of the anniversary, for
example, in the Center of Russian Sciences and Culture.
Present at the
meeting were D.Arvin, G.Uyanga and Yo.Otgonbayar MPs and R.Bayarsaikhan, a head
of the MOPF’s secretariat.
Health Minister meets S.Korean MPs
Ulaanbaatar,
August 4 (MONTSAME) The Minister of Health Ms N.Udval last Friday received a
delegation headed by Mr Kim Choon-jin, a head of the Standing committee on
health and social welfare of the National Assembly of the Republic of Korea.
The Minister
thanked the delegation for contributing to the bilateral cooperation and
introduced to them a reform policy for health sector of Mongolia and related
priorities and goals of the government.
In turn, Mr Kim
said he is here to get au fait with the Mongolian health sphere, to seek
chances of setting up a Mongolia-S.Korea health inter-parliamentary union, and
to start the collaboration.
The sides
expressed a willingness to widen the ties and cooperation in the health sphere.
Khan Bank and EBRD Support Micro, Small and Medium Enterprises
August 4 (Khan
Bank) Khan Bank, one of the leading commercial banks in Mongolia, have
established a lending agreement for the MNT equivalent of USD 8million with The
European Bank for Reconstruction and Development (EBRD).
Last year the
parties signed a USD 25million loan agreement for providing cheaper financing
to micro, small and medium suppliers and distributors conducting business with
large corporations. This time Khan Bank is receiving its last tranche of USD
8million equivalent in MNT.
For the first
time among the Mongolian commercial banks, Khan Bank secures funding in MNT
from an international bank owing to is reliable reputation.
The signing
ceremony was attended by the executive management of the parties, and the
agreement was signed by Norihiko Kato, Chief Executive Officer of Khan Bank, and
Matthieu Le Blan, Head of the EBRD Office in Mongolia.
This loan,
provided by the EBRD, has great importance in improving access to finance for
MSMEs, and with the loan being made in the national currency, the Tugrug, it is
expected to reinforce the development of the Mongolian capital markets and the
national economy.
Khan Bank
together with the EBRD makes considerable efforts to improve access to finance
for MSMEs in Mongolia. In the year 2013, the bank obtained USD17million from
the EBRD under this framework, and has fully disbursed it to MSMEs including
USD 5million of sub-loans to about 51 businesses in value chains in Mongolia.
Thanks to the
EBRD’s support, funding to micro, small and medium enterprises has increased
which is anticipated will become solid investment in those target groups.
Stock exchange weekly review
Ulaanbaatar,
August 4 (MONTSAME) Five stock trades were held at Mongolia's Stock Exchange
from July 28 to August 1, 2014.
In overall,
8,808 shares were sold of 28 joint-stock companies totalling MNT 22 million 941
thousand and 081.00.
"APU”
/2,115 units/, "Kherlen khivs” /1,914 units/, "Baganuur” /1,090
units/, "Genco tour bureau” /1,020 units/ and "Tavantolgoi" /495
units/ were the most actively traded in terms of trading volume, in terms of
trading value--"APU” (MNT eight million 249 thousand and 021),
"Baganuur” (MNT four million and 142 thousand), "Tavantolgoi” /MNT
two million 435 thousand and 319/, "UB-BUK” /MNT two million and 120
thousand/ and "Gobi” (MNT one million 820 and 635).
Stock exchange news for August 4
Ulaanbaatar,
August 4 (MONTSAME) At the Stock Exchange trades held Monday, a total of 1,463
shares of 13 JSCs were traded costing MNT 11 million 842 thousand and 250.00.
"Merex”
/300 units/, "Sharyn gol” /280 units/, "Mongol savkhi” /150 units/,
"Bayangol hotel” /138 units/ and "Tavantolgoi” /137 units/ were the
most actively traded in terms of trading volume, in terms of trading
value--"Bayangol hotel” (MNT eight million and 004 thousand), "Sharyn
gol” (MNT one million 966 thousand and 225), "Tavantolgoi” (MNT 658 thousand
and 685), "Mon-it buligaar” (MNT 601 thousand and 400) and "Mongol
savkhi” (MNT 195 thousand).
The total
market capitalization was set at MNT one trillion 589 billion 780 million 209
thousand and 314. The Index of Top-20 JSCs was 15,759.10, decreasing by MNT
75.91 or 0.48% against the previous day.
Japanese delegation visits Olympic House
Ulaanbaatar,
August 4 (MONTSAME) A delegation led by Mr K.Iwamoto, a deputy head of the City
Council of Japan’s Fukuoka city Monday visited the Olympic House, the
Headquarters of the Mongolian National Olympic Committee (MonNOC), Ulaanbaatar.
During the
visit, Mr Iwamoto handed to the MonNOC authority an official request on having
a joint training in Fukuoka Prefecture prior to the Tokyo 2020 Summer Olympic
Games.
Fukuoka
Prefecture is rendering all-sided assistance to Mongolia in order to qualify
two Mongolians to compete in badminton events of the forthcoming Tokyo Olympics
under a leadership of a coach N.Ishiguro.
Present at the
meeting were the secretary-generals of the Mongolia’s federations of shooting,
baseball, volleyball and badminton.
Winners of the 23rd State Champions of Bodybuilding named
August 4
(news.mn) Mongolian Bodybuilding Fitness Federation held the 23rd State
Champions of Bodybuilding at UB Palace on August 2nd. The 23rd edition of the competition
had 79 athletes in both adults and youths categories.
Gankhuleg
/Golden gym fitness club/ in men`s 65 kg, L.Saruulbat /Fit Mongolia club/ in 70
kg, G.Dorj / George Gym / in 75 kg, E.Ganzorig /All Master club/ in 80 kg, and
J.Nurlan /Black puma club/ in 85 kg event became winners of the 23rd State
Champions of Bodybuilding.
And in men`s
fitness category, E.Zoloo /All Master club/, in women`s fitness category
S.Gansaruul / California Fitness club/ became winners.
Winners of the
State Championships of Bodybuilding were granted rights to represent the
country in international and world championships.
Ulaanbaatar Railway Awarded by Sukhbaatar Order
August 4
(infomongolia.com) The annual Railway Workers' Day and the 65th anniversary of
the establishment of "Ulaanbaatar Railway" Mongolian-Russian joint
venture were held at the Khonkhor railway station on August 2nd and August 3rd,
2014 through which the traditional wrestling and knucklebone shooting contests
as well as the artistic performances had taken place accordingly.
Elsewhere, the
photography exhibition regarding the timeline success and achievements of the
Ulaanbaatar Railway and the Russian Railways was also hosted in Ulaanbaatar
railway station simultaneously.
During the
Railway Workers’ Day, the President of Mongolia Ts.Elbegdorj had issued the
presidential decree; in accordance with that, Ulaanbaatar Railway JSC was
awarded by the Sukhbaatar Order respectively.
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