Advisor to President Meets Reps of Czech Chamber of Commerce
By B. Khuder
Ulaanbaatar, September 28 (MONTSAME) An advisor to the President on living environment and green development policy L.Erkhembayar Friday received advisors of the Chamber of Commerce of the Czech Republic.
The guests spoke about a green development policy and its achievements and lessons learned. After this the sides shared views on chances to boost the cooperation.
Mr Erkhembayar introduced to the Czech representatives a developmental tendency of Mongolia, a state policy on green development and investments environment in Mongolia. He also underlined that Mongolia is making great efforts to attract foreign investments.
President’s Advisor Meets Reps of "New Village" Movement
By B. Khuder
Ulaanbaatar, September 28 (MONTSAME) An advisor to the President L.Erkhembayar met Friday with Shim Yong Chung, a head of South Korea’s "New Village" movement, and K.Marina, a chairwoman of Mongolia’s “New Village” NGO and deputy president of the East Asia’s same movement.
Mr Shim mentioned that he is visiting Mongolia on occasion of the 10th anniversary of the New Village Movement in Mongolia and to share experiences of the movement. The New Village Movement was a political initiative launched April 22 of 1970 by South Korean president Park Chung Hee to modernize the rural economy. The idea was based on the S.Korean traditional communalism called Hyang-yak and Doorae, which provided the rules for self-governing and cooperation in traditional Korean communities. The movement initially sought to rectify the growing disparity of the standard of living between the nation's urban centres, which were rapidly industrializing, and the small villages, which continued to be mired in poverty. Diligence, self-help and collaboration were the slogans to encourage community members to participate in the development process. The early stage of the movement focused on improving the basic living conditions and environments whereas later projects concentrated on building rural infrastructure and increasing community income.
Mr Erkhembayar spoke about the 10-year works of the Mongolian “New Village” NGO in localities and appreciated a success in implementing top experiences of South Korea with a harmony with the Mongolian features. He said Mongolia will fully support activities of the movement.
Premier Works in Umnugovi Aimag
By B. Amarsaikhan
Ulaanbaatar, September 29 (MONTSAME) The Prime Minister N.Altankhuyag arrived Monday in Umnugovi province to witness several processes and works.
He intends to get acquainted with a "Tushmel" company's wood and wooden products factory, which was funded by a loan from The Fund for Promoting Small and Medium Enterprises, also a leather and hard stitch clothing factory of “Khasud Bat” LLC; a construction of asphalt road connecting Dalanzadgad, Bayandalai and Gurvantes soums. He will also visit a vacuum window factory of “Khachig Khairkhan” LLC, an “Erdenes Tavantolgoi” company’s mine works; a railroad construction works funded by “Chingis” bonds.
During the working tour, he will run meetings with elders and take part in a live broadcast.
He is being accompanied by the Minister of construction and urban planning Ts.Bayarsaikhan, the defense Minister D.Bat-Erdene, and the Minister of road and transportation A.Gansukh, along others.
Mongolia at IAEA General Conference
By B. Khuder
Ulaanbaatar, September 29 (MONTSAME) A delegation headed by N.Tegshbayar, a chairman of the Atomic Energy Agency of Mongolia (AEA), has taken part in the 58th Regular Session of the IAEA General Conference, which ran September 22-26 in Vienna of Austria.
Mr Tegshbayar met with Mr Michael Binder, the president of Canadian Nuclear Safety Commission (CNSC), on September 24 to sign a mutual understanding memorandum on a cooperation in nuclear waste and information exchange.
Mr Tegshbayar also attended a general debate to express a position of Mongolia. He underlined a vital role of the IAEA in exploiting nuclear energy for peaceful purposes, in ensuring nuclear safety and in protection and strengthening of the international cooperation. He also said Mongolia wants to actively cooperate with the IAEA and its member-states in fortifying the national, regional and international potential and in improving the safety and protection regime.
Another meeting was run with authorities of the IAEA Technical Cooperation Department, at which the sides discussed ongoing projects and programmes. Mr Tegshbayar granted the IAEA a draft Country Program Framework which will be co-implemented with the IAEA in 2015-2020.
Mongolia and USA Academic Institutes of Defense to Cooperate
By B. Amarsaikhan
Ulaanbaatar, September 29 (MONTSAME) Director of Department of Public Administration and Management in the Defense Ministry D.Munkh-Ochir received Monday the scholars from Asia-Pacific Center for Security Studies (APCSS) of the United States Pacific Command (PACOM).
The scholars are visiting Mongolia to attend an “Unprecedented Security Issues” conference, co-organized by the PACOM and our Ministry of Defense.
At the meeting, the sides discussed ways of launching cooperation between Mongolian Academic Institute of Defense and Management Academy of Defense and the APCSS, as well as fields of further collaboration.
Mongolia wants to engage its state servants in the APCSS's annual trainings for public and local administration officers on security and military strategy. Mr Munkh-Ochir is one of the alumni of the APCSS.
Stock Exchange Weekly
By B. Khuder
Ulaanbaatar, September 28 (MONTSAME) Five stock trades were held at Mongolia's Stock Exchange September 22-26 of 2014. In overall, 161 thousand and 908 shares were sold of 42 joint-stock companies totalling MNT 107 million 545 thousand and 411.00.
"Buudain tsatsal” /58 thousand and 037 units/, "E-trans logistics” /35 thousand and 475 units/, "Genco tour bureau” /19 thousand and 943 units/, "Hai Bi Oil” /14 thousand and 636 units/ and "Hermes center” /9,514 units/ were the most actively traded in terms of trading volume, in terms of trading value--"APU” (MNT 32 million 071 thousand and 308), "Tavantolgoi” (MNT 26 million 705 thousand and 460), "Darkhan nekhii” /MNT eight million 975 thousand and 500/, "Hai Bi Oil” /MNT five million 854 thousand and 400/ and "Buudain tsatsal” (MNT five million 803 thousand and 700).
Yokozuna Hakuho Takes 31st Emperor's Cup
September 29 (infomongolia.com) The 2014 Aki Basho or Autumn Grand Sumo Tournament commenced in Tokyo city successfully finished on September 28, where the 69th Yokozuna Hakuho took his 31st Emperor's Cup with 14-1 records winning over his compatriot the 71st Yokozuna Kakuryu on the final day.
However the 70th Yokozuna Harumafuji withdrew due to injury, but the Tournament was very competitive and booming, because a wrestler, Maegashira Ichinojo, who competed for the first time on the top division, regained sole possession of the lead at the Tournament until the final day. He defeated over two Ozekis (Kisenosato and Goeido) and Yokozuna Kakuryu straight up and finished the Basho with records of 13-2. Winning over Kakuryu, it is marked the first time in 41 years that a Makuuchi division debutant defeated a Yokozuna. Moreover, if Yokozuna Hakuho lost to Yokozuna Kakuryu on the final day, Maegashira Ichinojo would have a re-match for the Emperor's Cup.
Nevertheless, Yokozuna Hakuho proved his title and he is an outstanding wrestler to move into a tie with former Yokozuna Chiyonofuji for most championship wins of 31 Emperor's Cup and stands on the second behind the sumo legend Yokozuna Taiho, who owns the top record of 32 Emperor's Cup in Japan Sumo history to date.
Final standings of Mongolian sumo wrestlers after DAY 15, 2014 Autumn Grand Sumo Tournament
1. East Yokozuna Hakuho - M.Davaajargal 14-1
2. West Yokozuna Kakuryu - M.Anand 11-4
3. East Yokozuna Harumafuji - D.Byambadorj 3-2-10 withdrew due to injury
4. ME-1 Terunofuji - G.Gan-Erdene 6-9
5. MW-8 Arawashi - E.Dulguun 5-10
6. ME-9 Tamawashi - B.Munkh-Orgil 7-8
7. ME-10 Ichinojo - A.Ichinnorov 13-2
8. MW-11 Takanoiwa - A.Baasandorj 7-8
9. ME-14 Kyokutenho - N.Tsevegnyam 8-7
10. MW-14 Azumaryu - S.Todbileg withdrew due to injury
11. ME-15 Kyokushuho - T.Erdenebaatar 7-8
12. ME-16 Tokitenku - A.Khuchitbaatar 6-9
13. MW-16 Kagamio - B.Nanjid 6-9
14. E-3 Shotenro - D.Nyamsuren 6-9
15. E-7 Asasekiryu - B.Dashnyam 7-8
16. E-10 Sakigake - Ya.Battushig 6-9
17. W-10 Seiro - A.Unubold 9-6
18. W-11 Sensho - E.Bayarbat 2-5
19. E-13 Chiyoshima - G.Munkhsaikhan 4-3
20. W-13 Ryuonami - B.Buyanjargal 3-4
21. E-17 Gochozan - D.Uuganbaatar 4-3
22. W-18 Daishoho- R.Shijirbayar 3-4
23. E-55 Takakasuga - E.Enkhmanlai 1-6
24. E-2 Aratoshi - V.Tserendorj 4-3
25. E-25 Daionami - B.Uuganbayar 5-2
26. W-82 Sadahikari - D.Narantsogt 6-1
Hakuho M.Davaajargal claims the 31st Emperor's Cup – news.mn, September 29
Our "Hakuho" Wins Emperor’s Cup 31st Time – Montsame, September 29
Da Khuree auto market vendors given October 1st evacuation notice
September 29 (news.mn) The Capital City Governor's Office delivered an notice to Da Khuree import auto sales and parts market vendors to clear the premises by October 1st, but the businessmen of Da Khuree auto market oppose the Capital City Governor's Office decision.
The notice is part of measures being taken to reduce air and soil pollution in the city, and heavy traffic congestion and accidents. Governor and Mayor of Ulaanbaatar E.Bat-Uul issued resolution А/980 in 2013, ordering the relocation of the open-air imported vehicles and parts markets out of the city.
A resolution to build a comprehensive auto sales complex on 130 hectares in Songinokhairkhan district's 32nd khoroo, outside of the city center, was issued in March 2014, following a decision by the Ulaanbaatar City Citizens Representatives Council. The first phase construction of the auto complex is near completion and the imported vehicles and parts markets will be relocated there on October 1st.
Heating, electricity, an automotive diagnostic center, cafeteria and restrooms are now available at the auto complex center.
Under Concession Agreement, Nariinsukhaitshiveekhuren Paved Road in Umnugovi Aimag is Operational
September 29 (infomongolia.com) Under the concession agreement of Build-Operate-Transfer, a heavy duty paved road project between Nariinsukhait and Shiveekhuren was accomplished with an official opening ceremony on September 27, 2014.
At the ceremony, Mining Minister D.Gankhuyag, Director of Innovation and Public-Private Partnership Department at the Ministry of Economic Development, S.Bekhbat, Director of Concession Division Ts.Batbayar, Executive Director of “RDCC” LLC B.Chuluunzorig and other officials were present.
Government of Mongolia had established this Concession Agreement with “RDCC” LLC on October 26, 2011 and under the agreement, the latter part was responsible to design, financing, building, operating and to transfer the 44 km road to the Government authorization after 15 year from now.
This road for mining and public use was constructed with 109 billion MNT of finance that would contribute to increase mining products export, which lies on the south-west territory of Umnugovi Aimag.
Mongolian Football Federation to Elect its New President on November 11, 2014
September 29 (infomongolia.com) The IV Regular Session of Mongolian Football Federation (MFF) will be held on November 11, 2014, which takes place once in four years.
This upcoming meeting is considered to be significant, because new President and Members of Board will be elected by nominating new Secretary General and Executive Director of MFF.
According to current prognosis, the following candidates have promoted their names:
1. B.Ganbold, incumbent MFA President
2. T.Lkhagvadorj, Board Chairman of Wolf Petroleum Limited
3. E.Amarsaikhan, Director of “2050” NGO
4. B.Medree, CEO of Trade and Development Bank of Mongolia
5. G.Gankhuu, member of Ulaanbaatar City Citizens’ Representatives Khural
6. A.Ganbaatar, Vice President of MFA, advisor to the President of Mongolia
Mongolia about UN Peacekeeping Operations
By B. Khuder
Ulaanbaatar, September 29 (MONTSAME) These operations are among priorities of Mongolia's foreign policy, Mongolia is ready to widen this cooperation with the international community.
The Minister of Foreign Affairs Mr Bold has underlined as such at a "New Dialogue on UN Peacekeeping Operations: Strengthening partnership" meeting and at high level meeting themed "Fortifying international peacekeeping operations", which have run on the fields of the 69th session of the UN General Assembly in New-York.
The high level was initiated and chaired by Mr Joe Biden, the Vice President of the USA. It also released a joint declaration. Our FM received a certificate that confirms that a Mongolian promoted to a higher office of the peacekeeping operations. Accordingly, a Brigadier-General D.Bayarsaikhan has been appointed the regional commander of the UN Peacekeeping Operations in South Sudan.
FM Takes Part in OSCE Ministerial Meeting
By B. Khuder
Ulaanbaatar, September 29 (MONTSAME) Mongolia’s Minister of Foreign Affairs L.Bold has participated in a Ministerial Meeting of the Organization for Security and Co-operation in Europe (OSCE).
The organized by Switzerland, a current chair of the OSCE, action has gathered its 56 members who focused on how to solve the situation in Ukraine by peaceful means.
Founded in 1973, the OSCE is the world's largest security-oriented intergovernmental organization, focused mainly on early warning, conflict prevention, crisis management, and post-conflict rehabilitation.
Mongolia became a Participating State of the OSCE in November of 2012.
Mongolia at Ministerial Meeting of Landlocked Countries
By B. Amarsaikhan
Ulaanbaatar, September 29 (MONTSAME) The Minister of Foreign Affairs of Mongolia L.Bold participated on September 26 in the 13th Ministerial Meeting of Landlocked Developing Countries (LLDC) who are taking part in the 69th session of the UN GA.
The gathered discussed their common problems and ways of receiving a support in overcoming them from other countries, from the UN including.
Our FM said Mongolia--one of the developing economies--initiated many works to draw international and WTO attention to an improvement of the competitiveness of these countries. One of these deeds was the establishment of Think-tank Institute for Landlocked Countries in Ulaanbaatar in 2013, "and Mongolia wants to include the Institute in the UN system".
There are 42 landlocked countries in the world, 31 of them are developing economies. According to the World Bank, these economies cover not more than one percent of the global trade volume, moreover, they have to spend twice as much for the export that that of other countries.
After this, Mr Bold met with G.Achari, the UN High commissioner and secretary-general for landlocked countries. L.Bold thanked him for showing support and for participating in the conference themed “WTO trade facilitation agreement and the impact on landlocked economies” which ran in Ulaanbaatar this year.
The High commissioner reaffirmed his invitation for the Prime Minister of Mongolia to participate in the second United Nations Conference on LLDC to be held in Vienna this November.
Mongolia at Comprehensive Nuclear-Test-Ban Treaty Discussion
By B. Amarsaikhan
Ulaanbaatar, September 29 (MONTSAME) The Foreign Minister L.Bold has taken part in the seventh Ministerial conference on Comprehensive Nuclear-Test-Ban Treaty (CTBT).
The measure ran September 27. The treaty has been joined by 183 countries since its establishment in 1996, but the ratification process by every member-government has been a hold for the effectiveness until now. Mongolia, who has shown full support for the treaty, declared itself a nuclear-weapon free state and has had the UN validated this status.
Among those prominent who took the floor at the conference were Mr Bang Ki-moon, the UN Secretary-General, John Kerry, the State secretary of the USA, and our FM Bold. The participants adopted a joint statement on partial and comprehensive test-ban treaties.
Mr Bold also met with the executive secretary of the CTBT Organization Lassina Zerbo. The latter stated that Mongolia’s nuclear-weapon free status and the "UB Dialogue" on security of North-East Asia have been highly appreciated by the UN, and expressed a willingness to organize regional a conference in Ulaanbaatar jointly with the Mongolian Government and the UN. Then the sides discussed some other matters as well.
Standing Committee Head Visits European Countries
By B. Khuder
Ulaanbaatar, September 29 (MONTSAME) A delegation led by Mr A.Bakei, a head of the parliamentary Standing committee on state structure, visited Germany, Belgium and the United Kingdom September 22-26.
The visits were paid in lines of a project on supporting Mongolia in refining upon a standardization system, co-implemented by Mongolia and the European Union (EU). The delegation legged the German Institute for Standardization, the British Standards Institution (BSI) and the United Kingdom Accreditation Service (UKAS).
They also met with representatives of the Brussels-based European Committee for Standardization (CEN), the European Committee for Electrotechnical Standardization (CENELEC), the European Association for the Co-ordination of Consumer Representation in Standardisation (ANEC), the Eurochambers, commercial and industrial agencies of the European Commission, in order to obtain information on the EU’s standardization system, policy, legal environment and actions. The sides also exchanged views on augmenting the trade and investments, abolishing technical and other obstacles, and enhancing the bilateral collaboration.
The delegation studied experiences of associated bodies of the European standardization and discussed with them the Mongolia-EU relations, a role of standards in forwarding the bilateral trade and economic cooperation, an "Envoy for development" measure organized by the European Commission, and ways of widening the collaboration with the private sector.
Launched in April this year, the EU’s “Supporting Mongolia for refining upon the standardization system” project is focused on realizing the Mongolian government's decision on introducing the European common standards, norms and principles, thanks to which a quality will improve of Mongolian-made goods exported to European countries, and their competitiveness will go up when the Mongolian standardization system and legal fundamentals are altered.
WTO Addresses Mongolia’s Trade Policy
By B. Amarsaikhan
Ulaanbaatar, September 29 (MONTSAME) The session of Council for Trade Policies Assessment of World Trade Organization (WTO) discussed September 24-26 the Second Report on Mongolia’s Trade policy.
The WTO member-countries are obligated to have their policy reports discussed by the council every two, four and six years, depending on their share in the global trade. Mongolia is in six years category. The first report was discussed in 2005.
The above session’s main purpose was to discuss the changes in the trade policies of Mongolia in presence of other member-countries and to inform about current policies and goals of the country. The Mongolian delegation to this meeting was headed by the vice-minister of economic development O.Chuluunbat. He gave speech on his country's status of trade and economic development and future trends, on Government policies, on the country’s involvement in multilateral trade dialogues.
To discuss our trade and economic policies and investment environments gathered representatives of some 40 countries, including our main partners in trade and investment China, Russia, the USA, Canada, Japan, S.Korea, Australia and Turkey and also the EU.
During the event, O.Chuluunbat met with director-general of WTO Roberto Azevedo, a deputy secretary-general of the UN Coneference on Trade and Development Peter Draganov, an executive director of International Trade Center Arancha Gonzalez, to inform them about Mongolia’s trade and economics and to share opinions on the bilateral cooperation.
Mr Azevedo highly spoke Mongolia’s successful realization of multilateral trade system and promised a technical assistance for strengthening of the trade capacity of Mongolia.
Ms Gonzalez expressed a willingness to cooperate with Mongolia in trade facilitation, promotion of small and medium enterprises and realization of new projects and programs.
The UNCTAD deputy secretary P.Draganov also promised his support for Mongolia’s extended cooperation in trade and investment with the conference, complimenting Mongolia’s achievements.
Mongolian Olympic Committee Head Hands Medals at Asian Games
By B. Amarsaikhan
Ulaanbaatar, September 29 (MONTSAME) A president of the National Olympic Committee of Mongolia Mr D.Zagdsuren handed the medals to the winners of race walk of Asian Games on Sunday.
The winners of the 20km race walk tournament, organized on September 28, became a Chinese Lu Xiu Ji (1 hour 31 minutes), an Indian Kushbir Kaur from India, and S.Korean Jeong Yun Geun.
Three medals on Day 9 at Asian Games
September 29 (news.mn) The 17th Asian Games continues for its 10th day in Incheon, South Korea.
On Day 9, Mongolian freestyle wrestling and boxing athletes continued the medal race.
Mongolian athlete and international master (IM) M.Nandintsetseg won bronze in women's 51 kg boxing. She will move on to fight for the silver medal.
On the same day, three Mongolian freestyle wrestlers grabbed medals. Mongolian freestyle wrestler IM S.Byambatseren, competing in the women's 55 kg event, won silver, while World Cup silver medalist and two-time bronze medalist O.Burmaa (women's 75 kg) and D.Khuderbulga (men's 97 kg) each won bronze.
IM S.Byambatseren wrestled with the Japanese three-time Olympic Champion and 10-time World Champion, Saori Yoshida, in the women's 55 kg event for a gold medal.
During a press conference following the match, S.Byambatseren said, "I am here for the first time in the Asian Games. I faced the famous Japanese wrestler, Saori Yoshida, in the final. This is the second time I have encountered her. But I could not manage to carry out the tactics I planned with my coaches. But I will do my best next time."
Mongolian athletes have won a total of 18 medals, including 4 gold, 4 silver and 10 bronze, at this year's Asian Games. Mongolia has been ranked 11with its success on the medal table.
Dirty sanitary pad found in Mongolian athletes' meal at Asian Games
September 29 (news.mn) The 17th Asian Games continues in Incheon, South Korea. The Head of the Mongolian National Team at the Asian Games, B.Bat-Erdene, and Secretary General of the National Olympic Committee of Mongolia J.Otgotsagaan held a press conference their athletes' successes, the organization of the Asiad, and several unexpected issues faced by athletes.
In a disappointing and unpleasant moment for the Mongolian team, a dirty sanitary pad was found in the Mongolian national judo athletes' meal at the athletes village. B.Bat-Erdene and J.Otgotsagaan commented on the issue, confirming that the meal for the Mongolian judokas had been tampered with.
B.Bat-Erdene told reporters, “It is confirmed that something dirty was put into the Mongolian national judo athletes' food while the athletes were in the training hall, just before their event. We documented the incident and informed the related officials in charge of the Asian Games, and other complaints emerged during the Asian Games, which were submitted in a note via the South Korean Embassy to the organizing committee of the Asian Games. The organizing committee of the Asian Games apologized for the incident, and the incident is currently under investigation.”
Mongolian national team is participating with components of 223 athletes at the Asian Games 23 sports events. Mongolian national team took part with 220 athletes in the Asian Games Guangzhou in 2010. The first of Mongolian team arrived in the Asian Games athletes village on September 13th.
The Mongolian national team, currently ranked in 9th place out of 45 countries on the medal table, has grabbed a total of 18 medals, including 4 gold, 4 silver and 10 bronze medals, at the Asian Games as of today, September 29th.
The Head of Mongolian National Team at the Asian Games Incheon B.Bat-Erdene emphasized that the team's 4 gold medals are a big success at the Asian Games. He stressed that the Mongolian national basketball team has proven it can compete in international competitions with the success at Incheon.
“The Mongolian fencing team participated in its first Asian Games. Newly developed athletes in Mongolia have seen new success. Mongolian athletes also proved that Mongolian team sports players can succeed in international competition. The Mongolian national basketball team was selected for the first time for the quarter final. This is a big accomplishment for team sports and Mongolian basketball fans. The Mongolian national basketball team could prove its unity, and strong principles at the games."
During the Asian Games there was also an incident with the Mongolian national flag displayed upside down. The organizing committee corrected the fault following a complaint by Mongolia.
Korea-Mongolia Business Forum in Ulaanbaatar Welcoming 25th Anniversary of Establishment of Diplomatic Relations
September 29 (infomongolia.com) In the frameworks of commemorating the 25th anniversary of the establishment of diplomatic relations between Mongolia and the Republic of Korea in 2015, the Mongolian National Chamber of Commerce and Industry is organizing Korea-Mongolia Business Forum in Ulaanbaatar.
The event will be conducted in the scope of promoting and supporting investment into the two countries’ Small and Medium Enterprises (SME), besides to invite Korean SMEs willing to invest in Mongolia and the Korean SME Investors Meeting will be held at the Ramada Hotel in Ulaanbaatar on October 03, 2014.
Following business delegates from South Korean entities are expected to participate in the Korea-Mongolia Business Forum led by:
1. Hurr Hee-young, Department of Business Administration, Hankuk Aviation University (education)
2. Kwon Taek-soon, Directo of Seongwoo Electrical Co.,Ltd (CCTV, CATV)
3. Kim Kwang-chul, Itvillage Co.,Ltd (IT)
4. Kim Chan-pal, Director of Medialife Co.,Ltd (satellite broadcast system design and manufacture)
5. Kim Hyoung-woon, Director of Chalgomu Co.,Ltd (rubber, silicon production)
6. Kim Hyoung-tae, Director of GM Farming Co.,Ltd (meat and meat products processing, wholesale)
7. Nam Seok-jin, Director of NKTwo Co.,Ltd (electrical wiring, water leak detector installation and production)
8. Moon Yoon-bong, Director of Chamimat Co.,Ltd (Korean food restaurant % chain)
9. Park Jong-lae, Director of Poscom Co.,Ltd (X-Ray manufactory)
10. Shin Kyoung-jae, Director of Daewoong CNP Co.,Ltd (stationary, printing)
11. Shin Dong-shik, Office Director of SME Corporation
12. Yoon Jee-young, Director of Kumsang Enterprise Co.,Ltd (concrete grinders, diamond tools & manufacturing)
13. Lee Gil-su, Director of Copy & Rental Solution Co.,Ltd (media equipment sales and rental)
14. Lee Jae-pil, Director of Seojin Electrical Metal Co.,Ltd (non-ferrous metals, pressure and stretching)
15. Lee Jong-won, Director of Moah Steel Co.,Ltd (metal and building material production)
16. Lim Seung-eok, Director of John & Dan Co.,Ltd (freight forwarding services)
17. Jung Sung-oh, Director of Shinjin Doors Co.,Ltd (fire resistant walls and doors)
18. Choi An-sob, Ilsan Lake Park (tourism)
19. Ha Sung-bae, Director of Komaco Co.,Ltd (aircraft cabin lighting and 3D screen printing)
20. Han Kyoung-youl, representative of Hankuk Aviation University (education)
Mongolia and the Republic of Korea have established the diplomatic relations on March 26, 1990.
Mongolia lays tracks to boost trade
September 26 (Oxford Business Group) Recent visits to Mongolia by Chinese Premier Xi Jinping and Russian President Vladimir Putin have cemented deals that may see the mineral-rich country double trade with its neighbours and achieve a wider market reach for its exports through the overhaul and expansion of its ageing rail network.
A two-day visit by Xi in late August resulted in 26 new trade and cooperation agreements being sealed, among them four targeting improvements and development of the rail sector, with another two pending. China agreed to offer sea ports and railway transport access to Mongolia and help finance a number of projects in medical care, education, railroads and residential community construction, according to media reports.
This visit was followed by talks between Putin and Mongolian President Ts. Elbegdorj in early September. Russia also agreed to step up cooperation in developing Mongolia’s transport infrastructure, particularly its railway network.
“Mongolia is located between Russia and China after all. We are big trade and economic partners, and Russia has bilateral trade with China that already has come to $65bn-67bn in 2014. It therefore makes sense to put Mongolia’s transport possibilities to greater use than is the case today,” Putin said during a press conference in Ulaanbaatar.
New track to boost domestic and regional trade
Talks with Xi centred on the use of the Trans-Mongolian railway, a national rail network aimed to be 5600 km at completion, as a land route for trade between Asia and Europe with a goal of transporting 100m tonnes of cargo by rail to Europe by 2020.
The expansion of Mongolia’s rail connections with China would boost the local economy and open up much of the country for greater development, according to Neil Ashdown, a senior analyst at global information and analytics firm IHS.
“The mineral-rich southern belt of the country is largely unserved by rail infrastructure,” Ashdown told German news agency Deutsche Welle in late August. “This has made its mineral exports less competitive – for example, in the absence of rail connections, coal is currently trucked to loading stations, and then to the Chinese border. This process is expensive and time consuming.”
Mongolia, which has natural resources worth an estimated $1.3trn, also needs to strengthen the transport links between its various economic hubs, particularly between different mineral basins, according to N. Algaa, executive director of the Mongolia National Mining Association.
“Apart from the transit railway, domestic transportation is important,” he said in an interview in August with The UB Post. “If Mongolia doesn’t construct a railway, we will never create a stable environment for supplying products,” he added.
Track size matters
A sticking issue, however, is whether Mongolia will retain the Russian broad gauge as its rail track size for the new projects outside the expansion of the Trans-Mongolian line or change to the standard international width used by China. Currently, Mongolia’s rail network uses the 1520-mm broad gauge, a legacy of the Soviet era. While this allows for ease of shipment to Russia, it means any cargoes destined for China must be transferred to different wagons at the border.
Both Russia and China have a vested interest in seeing Mongolia’s rail network upgraded due to the steadily increasing transit trade between them via Mongolia, which currently represents at least a quarter of total rail freight and provides a significant source of revenue for Mongolia.
China already takes up to 90% of Mongolia’s exports, mainly minerals, and ships in 37% of its imports, with bilateral trade valued at $6bn in 2013. During the latest meeting, the two governments pledged to lift this to $10bn by 2020.
The issue of which gauge to use has become a political one, with some members of parliament and the public concerned that aligning the national network with that of China will increase the country’s dependence on Beijing, rather than diversifying its trading partners and export routes.
“Xi’s visit I think went a long way in easing Mongolia’s fear of China dominating Mongolia’s economy by opening up its ports and railway. This will no doubt make it easier for Mongolia’s parliament to approve standard gauge railway from Tavan Tolgoi to China,” economist and editor of CoverMongolia NewsWire, “Mogi” B. Munkhdul, told OBG.
Mongolia, however, is not solely focusing its attentions on Russia and China. The longstanding “Third Neighbour” policy aims to increase development, cooperation and maintain national security with the support of not only its two largest neighbours, but also other influential countries.
“Mongolia is now even closer to its third neighbours, having finally gained true access to the seaborne market, via both China and Russia, and by demonstrating its transit potential of connecting Europe and Asia,” said Munkhdul.
Stock exchange news for September 29
By B. Khuder
Ulaanbaatar, September 29 (MONTSAME) At the Stock Exchange trades on Monday, a total of 14 thousand 642 shares of 13 JSCs were traded costing MNT 10 million 911 thousand and 102.00.
"Moninjbar” /9,010 units/, “Remikon” /2,200 units/, “APU” /1,206/, “Merex” /1,100 units/ and "Genco tour bureau” /230 units/ were the most actively traded in terms of trading volume, in terms of trading value were "APU” (MNT four million 438 thousand and 800), "Moninjbar” (MNT two million 252 thousand and 410), “Gobi” (MNT one million and 600 thousand), "Baganuur” (MNT 777 thousand and 300) and "Makh impex” (MNT654 thousand and 312).
The total market capitalization was set at MNT one trillion 586 billion 433 million 759 thousand and 934. The Index of Top-20 JSCs was 15,799.24, decreasing 21.45 units or 0.14% against the previous day.
Free-style wrestling successes at Asian Games
By B. Amarsaikhan
Ulaanbaatar, September 29 (MONTSAME) Mongolian athletes in free-style wrestling tournaments on September 27 and 28 grabbed one silver and four bronze medals.
On Saturday, our wrestlers in men 57kg category B.Nomin and in women 62kg S.Tserenchimed won bronze medals. Another "bronze" went to D.Khuderbulga in men 97kg category on Sunday.
Among the women competed on September 28, S.Byambatseren was defeated by famous Japanese Saori Yoshida, the three-times Olympic champion and ten-times Wolrd Championf, in the final match. She had a bye at first bout, and won Kyrgyz, a bronze medalist of the world championship Aisuluu Tunebykova, with 4:2 points at the second. Then she defeated a N.Korean, a champion of Asia In Sung Jeong, with a clear takedown of 2.36 minutes. It resulted in silver medal.
In women 75kg, a state Honored athlete O.Burmaa won a bronze medal, becoming thus the second Mongolian twice medalist from the Asian Games, after Ts.Enkhjargal.
Basketball teams to compete for 7th places
By B. Khuder
Ulaanbaatar, September 29 (MONTSAME) Both men and women national basketball teams of Mongolia will play for 7th places in the 17th Asian Games continuing in Inchoen, South Korea.
The men team was eliminated from the "G" group at the quarterfinal round, then competed in the classification round on Monday. At the fifth place games, Mongolia was defeated by Qatar 78:87. On October 1, they will compete with Philippines for the 7th place.
The women team will face Thailand. Our team was defeated by India at the classification round after having been beaten by S.Koreans at quarter-finals. The game for the 7th place will take place October 1.
Mongolian children leading Youth Chess World Championship
By B. Amarsaikhan
Ulaanbaatar, September 29 (MONTSAME) As of Monday, Mongolian children Ye.Tugstumur and D.Munkhzul are topping the contests for boys' and girls' in the under eight-year divisions in the 2014 World Youth Chess Championship continuing in Durban, South Africa.
The Youth Chess World Championship is being participated by about thousand boys and girls competing at the age divisions of 8-18 years old from some 90 countries. The tournament is concluding its finals on Monday.
The final games will take place Monday, and medal winners will be selected.
Darkhan city opens puppet theatre
By N. Khaliun
Ulaanbaatar, September 29 (MONTSAME) The opening ceremony of the puppet theatre took place September 29 at the Youth theater in Darkhan city.
At the ceremony present were the head of Darkhan-Uul aimag S.Nasanbat and a director of the city's Department for Culture, Sports and Tourism O.Banzragch and others.
It is not the first time this theatre opens, it was established in 1992 but was closed after three years due to financial issues. The Mongolian Social Democratic Youth’s Union decided to revive the theatre and initiated a "Mongolian child" project, which received a huge support from the aimag's authoritiy and several non-governmental organizations who are working with children.
The theatre has 77 seats, is equipped with all necessary audio and video facilities for theatrical productions. It will employ some 15 people, including professional artists.