Saturday, December 27, 2014

Mongolia Brief December 24, 2014 Part IV



Mongolia to Celebrate Insurance Day Annually on November 24th
December 24 (infomongolia.com) In 2010, the Government of Mongolia issued an Ordinance No.172 that cites, “Regulation to celebrate anniversaries of historical events, bestowing honored individuals and perpetuate its memories”.

In conjunction, at the Cabinet meeting held on December 22, 2014, it was agreed to add an enactment in this regulation, citing “To celebrate an Insurance Day annually on November 24th”.
So from now on, Mongolians, in particularly independent entities in financial sector and developing commercial insurance industry will have its own official holiday to celebrate annually on November 24th.
The base of Mongolia’s first state-run insurance entity “Mongol Daatgal” was founded in 1934 and later the industry was privatized in 2003.

Minister receives Russian Ambassador
By B. Amarsaikhan
Ulaanbaatar, December 24 (MONTSAME) The Minister of Energy D.Zorigt received on December 24 the Russian Ambassador to Mongolia Mr I.K.Azizov.
The sides discussed the Mongolia-Russia cooperation in energy sector. The Minister said the last two years have been a success for the two countries relations, and that a working visit of the Russian President V.Putin and signing of the Agreement on Strategic Partnership in September revived the bilateral cooperation. Pilot commissioning commenced on the recent extension of the Fourth Thermal Station, built in 1983 with a non-refundable aid from that times USSR government, and the project has been co-realized by Russian Ural Turbine Plant, he said.
Sustainable trades of energy and power are running between the two countries, he went on. In order to upgrade the relations in the energy sphere, the sides should discuss about constructing aero-transit power grids to exchange power between Mongolia, Russia and China in a scope of “Steppe Road” project; Russia’s support to the Water Power Stations’ projects in Mongolia; put mutual efforts to implement works reflected in “Road designs”, adopted November 27 of 2013 during the 17th meeting of Intergovernmental Committee; and exchange opinions on the issue of “Energy Club”, which was outlined in the MoU signed December 6 of 2013 in Moscow.
The Ambassador congratulated D.Zorigt for being appointed the Minister and wished him success in his works. He also promised to put all possible efforts to boost the energy cooperation and to pursue immediately the matters suggested by the Minister.

S.Korean Ambassador received by Energy Minister
By B. Amarsaikhan
Ulaanbaatar, December 24 (MONTSAME) The Minister of Energy D.Zorigt met with the Ambassador of the Republic of Korea to Mongolia Mr Lee Tae-ru on December 24 in order to discuss with him a bilateral cooperation in energy sector on anticipation of the 25th anniversary of diplomatic relations of the two countries.
The Minister said that a Comprehensive Partnership was established in 2011, that South Korea is the fourth biggest partner of Mongolia in trade, and that the ties are based on complementary and development-targeted principles. He expressed a satisfaction with the expanding cooperation in energy and with the organization of a forum themed “Energy Cooperation of Mongolia and S.Korea” which took place December 10.
Current actions running between Mongolia and S.Korea are the negotiations on the agreement with S.Korea’s POSCO Energy, the bid winner to implement project on constructing fifth power source of Ulaanbaatar; a successful participation of POSCO Energy in the bid to select the contractor for construction of Power Station at Tavan Tolgoi deposit; the signing of MoU of KEPCO with the Center for Energy Development on cooperation in the Renovation of the Second Thermal Plant Project; a joint researches by KEEI (Korea Energy Economics Institute) and Korgaz Inc. with the Center for Energy Development and the Mongolian Energy and Economics Institute in scope of an MoU on cooperation.
Mr Zorigt mentioned a successful implementation of Dalanzadgad Thermal Station project, realized with the financing from KOICA and the S.Korean Ex-Im Bank in 1997-2002, and a great effort by KOICA on training of young cadres of Mongolia’s energy sector.
About the multilateral cooperation, Mongolia has shown its rooting for the candidature of the Republic of Korea to the International Gas Union presidency election took place in October this year, added the Minister.
Suggestions in light of the further development of energy cooperation were made by the Minister to the Ambassador Mr Lee as follows: to determine an adequate mechanism of bilateral cooperation, mentioning that the Intergovernmental Sub-Committee on Energy relations have held 11 meeting in 1992-2011; to focus on attracting large companies on the project of Water Power Station Project at the rivers of Eg and Shuren; and to cooperate on resolving the problems of heating faced in the remote communities of Mongolia.
The Ambassador congratulated the Minister for being appointed the new office and wished a success in his works. He promised to pursue these suggestions immediately and to put all efforts that can be put by him.

Stock Exchange news for December 24
By B. Khuder
Ulaanbaatar, December 24 (MONTSAME) At the Stock Exchange trades on Wednesday, a total of six million 498 thousand and 829 thousand units of 20 JSCs were traded costing MNT one billion 144 million 267 thousand and 940.
"E-trans logistics” /six million 294 thousand and 580 units/, “Asia Pacific Properties” /175 thousand and 260 units/, “Tavantolgoi” /16 thousand and 237 units/, “Merex” /10 thousand units/ and "Khokh gan” /800 units/ were the most actively traded in terms of trading volume, in terms of trading value were "E-trans logistics” (MNT 629 million and 458 thousand), "Asia Pacific Properties” (MNT 432 million 892 thousand and 200), “Tavantolgoi” (MNT 69 million 842 thousand and 685), “Talkh chikher” (MNT three million and 441 thousand) and "Material impex” (MNT three million).
The total market capitalization was set at MNT one trillion 423 billion 713 million 054 thousand and 654. The Index of Top-20 JSCs was 14,686.21, increasing 202.52 units or 1.40% against the previous day.

Khan Bank Foundation brings New Year gifts to children
December 24 (Khan Bank) While New Year is drawing nearer, Khan Bank Foundation is delivering hearth warming gifts to the pupils of the Special School No. 116 for the Blind and Visually Impaired and the children staying at National Cancer Research Center and Division of Burn in National Trauma and Orthopedic Research Center.
On 17 December, Khan Bank Foundation representatives visited the Special School No. 116 during its New Year celebration and handed out gifts to 94 children. The bright little pupils brought hope, dream, happiness and proud to their teachers and parents, and filled the event with laughter and music.
The School No. 116 of Ulaanbaatar is the only school in Mongolia designated for blind and visually impaired children from UB and rural area. This year 94 pupils are studying in the 1st to 10th grade. According to the teachers, understanding, encouraging and supporting these pupils are most important things that we can do.
The Specific School differentiates from regular schools in many fields as it strives to support visually impaired children in adapting to the society. For instance, the school has nursing teachers in the dormitory for the pupils coming from the rural area. Unfortunately, due to tight budget, it is struggling to hire only 1 nursing teacher for 30 pupils. Moreover, all teachers must pay close attention and cares to each pupil.
There are many people despite their visual impairment making great contribution to the society. One of them is B.Enkhmandakh, Chairperson of “Intelligent Center” that supports development and education of visually impaired children, and he organized this event together with Khan Bank Foundation. B.Enkhmandakh graduated from the School no. 116 in 2007 and studied medical science in Japan. 
Every child has a right to study, and learning gives them wings to fly toward their dreams. We wish the happiest and brightest future to these children.
Hope that every child’s hearth is filled with happiness!

Ts.Sukhbat wins bronze medal in WYDC
By B. Khuder
Ulaanbaatar, December 24 (MONTSAME) A master of sports Ts.Sukhbat grabbed a bronze medal at the 2014 World Youth Draughts Championship which ran December 16-23 in Dabki city, Poland. Mongolia was represented by nine players.
Mr Sukhbat competed in the junior boys’ division, and achieved this medal, with 12 points (five wins, two draws and two loses). On his final game, he defeated a Russian Sergei Yakovlev. In this division. which ran among 28 players, a Lithuanian Artur Tunkevic won the gold medal, the silver went to a Dutch Martijn Van Ijzendoorn.
This year’s events brought together 106 players from 14 countries. As the final results, the national team of Russia won the competition with one gold, one silver and one bronze medals. Mongolia and China grabbed one bronze each. 

T.Sanchir becomes top basketball player
By B. Khuder
Ulaanbaatar, December 24 (MONTSAME) A member of the national basketball team of Mongolia T.Sanchir has been named the top basketball player of Mongolia for this year.
On occasion of the New Year celebration, the National Basketball Association of Mongolia announced it on Tuesday. The national basketball team took the eighth place in the Incheon 2014 Asian Games. T.Sanchir was selected as one of the best eight Asian players. He is currently playing for the “Madimos shonkhoruud” team at the Mongolian basketball league in the 2014-2015 seasons. His team now has three wins and three loses out of six games.
The national men and women basketball teams and the ice hockey team have been nominated for the "Borte Chono" trophy. Top athletes and teams will be selected on Thursday.
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