Mongolian Economy and Finance

Ballet lovers of Mongolia are already familiar with the name M.Od.

The Minister of State and Minister for Foreign Affairs of Hungary Zsolt Nemeth informed Mongolia’s Minister for Foreign Affairs L.Bold this weekend that the visa conditions for Mongolian visitors to Hungary will be eased.

The Ulaanbaatar City Air Quality Department(UCAQD), the Traffic Police Department, the National Auto Transportation Center (NATC), and the National Agency of Hydrology, Meteorology and Environment Monitoring (NAHMEM), are jointly organizing inspections to measure cars’ exhaust emissions.

Fishing has been banned until July 1 in the rivers and lakes in the Altai Mountain’s Specially Protected Area following studies showing that fish stocks of the area have decreased, and to ensure protection of fish species during the fish reproductive season, which is now beginning.

Ulaanbaatar - Members of the MCC Board of Directors, Lorne W. Craner and Morton H. Halperin, from Washington DC visited MCA-Mongolia project implementation sites on April 26, 2013, while their stay in UB to attend annual Community of Democracies Ministerial being held between April 27 and April 29, 2013.

During the 7th Ministerial Conference of the Community of Democracies, the 2013 Geremek was awarded to Burma`s pro-democracy leader and Nobel Peace Laureate, Aung San Suu Kyi, in Ulaanbaatar on Monday April 29th.

Artist J.Gerel transformed tree stumps by carving them into pink bunnies with aggrieved and anguished faces.

The President of the state-run Russian Railways Company, V.I. Yakunin, delivered a request to meet with Prime Minister N.Altankhuyag several days ago.

Reporters Without Borders has published its World Press Freedom Index 2013.

It is bad enough that former Mongolian President Nambaryn Enkhbayar was unfairly convicted and jailed last summer for four years after being charged with misusing property and government power.

Some time ago it became known that Chinese officials intended to inscribe the Mongolian national music instrument, the morin khuur (horse-headed fiddle), and the national art of singing, khuumii (throat singing), as Chinese cultural heritage on the Intangible Cultural Heritage List of the United Nations Educational, Scientific and Cultural Organization (UNESCO).

Bethesda, April 29, 2013 (GLOBE NEWSWIRE) -- India Globalization Capital, Inc. (NYSE MKT: IGC) ("IGC" or "the Company") announced the achievement of a further milestone in the execution of its strategic plan.

TORONTO, ONTARIO--(Marketwired - April 29, 2013) - Focused Capital Corp. ("Focused Capital") (TSX VENTURE:FLO.P), a capital pool company as defined under Policy 2.4 of the TSX Venture Exchange (the "Exchange"), announces the termination of the non-binding letter of intent (the "LOI") dated March 6, 2013 between Focused Capital and Mongolia Minerals Corporation ("MMC") for the acquisition of 100% of the common shares of MMC, which was expected to qualify as Focused Capital's "Qualifying Transaction" as defined by Exchange Policy 2.4.

ULAN BATOR, April 30 (Bernama) -- Mongolia and Thailand are expected to strengthen trade and other ties following the historic three-day visit of Thai Prime Minister Yingluck Shinawatra, which ended Monday.

Fast Market Research recommends "The Insurance Industry in Mongolia, Key Trends and Opportunities to 2017" from Timetric, now available

Mongolia Investment Group Ltd. (402) , a water-services and mining company, said it will buy effective control of a Chinese digital-mapping provider for HK$1.5 billion ($193 million) more than a year after first announcing the deal.

In the frame of their visits to Mongolia to attend the VII Ministerial Conference of the Community of Democracies, the foreign ministers of Kyrgyzstan and Norway on called on the President of Mongolia, Ts.Elbegdorj.

A GROUP of mates from Sutherland Shire are driving 16,000 kilometres across Europe to raise money for charity in a car that has been described as a ‘‘highly unsuitable granny-mobile’’.

On Saturday the Prime Minister of Mongolia, N.Altankhuyag, delivered the opening speech of the Joint Session of the VII Ministerial Conference of the Community of Democracies, which was held at Government House.

Vice President Namadi Sambo Saturday arrived Ulaambaatar, the Mongolian capital, for the seventh meeting of the Community of Democracies (CoD).

ULAN BATOR, April 29 – Thailand and Mongolia signed three pacts on bilateral cooperation, leading to future investment, trade, tourism and development in various fields between the two countries.

The Former head of the Mineral Resources Authority, D.Batkhuyag was sentenced for abuse power for issuing 106 mining licenses illegally by the primary and appeal courts.

Eznis Airways (EF, Ulaanbaatar Chinggis Khaan (ULN)) is to become the first scheduled carrier to serve Khatgal (HTM) in western Mongolia when it commences flights to the remote frontier hamlet effective from June 15 until September 15.

Former ruling party MPP and the Green Party of Mongolia signed a memorandum of mutual understanding, trust and bilateral cooperation in the Independence Palace today, Wednesday April 24th.

The first World Conference of People of Mongol Origin was held in Katmandu in Nepal on April 4th.

Parliament discussed MP and Deputy Speaker S.Bayartsogt`s failure of including a secret Swiss bank account and offshore company in his income declaration during Thursday`s meeting. MPs reached a decision to ask for the resignation of MP S.Bayartsogt who confirmed his failure as Deputy Speaker with 87.5 percent approval.

Erdenes Tavantolgoi, the largest state owned mining operator company resumed coal exports to Chalco on Monday after a three month halt.

The Mongolian State History Museum opened an exhibition on “the Hunnu`s cultural heritage and civilization”, celebrating the anniversary of 2222 years of the establishment of the Hunnu Empire on Thursday April 25th.

Robocon 2013, the National Robot contest, was held on Thursday April 25th at the Wrestling Palace in Ulaanbaatar city.

Over 1200 delegates from 140 countries will gather in Ulaanbaatar for the upcoming 7th Ministerial Conference of the Community of Democracies on April 27-29th.

The throat singer Sainkho Namtchylak is to perform in Mongolia on April 28th.

Honorable guests, delegates, Distinguished ladies and gentlemen, Dear envoys and messengers of freedom and democracy,

The 7th Ministerial Conference of the Community of Democracies (CD) continues on its third day in Ulaanbaatar today, April 29th.

The Board of Social Democracy Mongolian Women"s Association (SDMWA) reached a decision to propose MP and President of the Association, D.Oyunkhorol as a candidate for the upcoming Presidential Election.

A member of staff of Erdenes Tavantolgoi the largest state owned company, S.Erdene, has been on a hunger strike since Friday April 26th opposing poor labor conditions and extra hours without pay.

Democratic Party members are in a battle over who will replace the dismissed Deputy Speaker S.Bayartsogt.

Erdenes Tavan Tolgoi LLC, Mongolia’s largest state-owned coal company, agreed to pay a higher interest rate on $186 million due to Aluminum Corp. of China Ltd. as part of an accord to resume coal deliveries.

This is the title of the painting competition that the Catholic children in Mongolia recently took part in.

The Chairman of the parliamentary Standing Committee on Law Sh.Tuvdendorj met yesterday with the Chair of the International Anti-Corruption Academy (IACA), Martin Kreutner, to discuss cooperation.

The High Representative of the Union for Foreign Affairs and Security Policy and Vice President of the European Commission, Catherine Ashton, who is in Ulaanbaatar to attend the VII Ministerial Meeting of the Community of Democracies, will reportedly sign a Partnership and Cooperation agreement with Mongolia during her visit.

ULAANBAATAR, Mongolia, April 29 (Bernama) -- The 1991 Nobel Peace Prize Laureate, Chairperson and General Secretary of National League for Democracy of Myanmar, Daw Aung San Suu Kyi arrived here on Sunday to participate in the 7th Ministerial Conference of Community of Democracies (CoD).

ULAN BATOR – Foreign Minister Ivan Mrkic stated on Sunday that his visit to Mongolia is an opportunity for him to familiarize representatives of many countries with the essence of the Belgrade-Pristina agreement, in order to make it clear that the document does not imply recognition of Kosovo’s independence.

On Saturday the Prime Minister of Mongolia, N.Altankhuyag, delivered the opening speech of the Joint Session of the VII Ministerial Conference of the Community of Democracies, which was held at Government House.

High Representative of the Union for Foreign Affairs and Security Policy/Vice President of European Commission Catherine Ashton is travelling today on an official visit to China and Mongolia.

The Prospero Foundation, founded by Ulrik DeBo of DeBondo Capital, is excited to announce that a microloan donation has been made to Ariunzul, a small business owner in Ulaanbaatar, in Mongolia.

Minister of Energy M.Sonompil said last week that the ministry is aiming to make Mongolia energy self sufficient by next year and plans to expand energy production further to eventually become an energy exporter.

Vice President Namadi Sambo Saturday arrived Ulaambaatar, the Mongolian capital, for the seventh meeting of the Community of Democracies (CoD).

When deciding which country to invest in, those who are from investment banks in London perhaps take a ride on the giant ferris wheel located at the north end of Lambeth Bridge that crosses the River Thames. 

BANGKOK, 28 April 2013 (NNT) – The Speaker of the Parliament of Mongolia has praised Prime Minister Yingluck Shinawatra’s role in the promotion of national reconciliation.

Thai Prime Minister Yingluck Shinawatra is on an official visit to Mongolia, partly to celebrate 40 years of diplomatic relations.

Thailand and Mongolia will forge their cooperative links in preparation to commemorating the 40th anniversary of their diplomatic ties next year, Prime Minister Yingluck Shinawatra said yesterday.

Across the globe governments are monitoring and censoring access to the web.

North Korea’s smuggling operation has had many successes in obtaining spare parts for its aging air force.

Southern (Inner) Mongolian netizens strongly protested disparaging comments about Mongolians by Mr. Gao Xiaosong, a well known Chinese talk show host, musician and composer.

This week we return to the far eastern country of Mongolia to find what we believe are excellent short-term, high-yielding U.S. dollar corporate bonds relative to the amount of risk that investors typically find in much more common or more popular domestic U.S. corporate bonds.

Copper gained on Wednesday, rising above $7,000 a tonne briefly, as investors bargain hunted following hefty falls, but further gains were capped by uncertainty about the outlook for global economic growth.

The Employment Service Center, operating under the Ministry of Labor, the Representative Agency of Korean Industry and Human Resources Secretariat, and the Korean Chamber of Commerce and Industry in Mongolia (KCCIM) will hold a “Let’s live and work in our mother country” event on the first floor of the Employment Service Center on May 2 and 3.

The next time you travel to Mongolia, Hertz Corp. will be waiting there for you — if you need to rent a crane, bulldozer or, perhaps more likely, temperature-control equipment.

For the first time, the Mongolian Parliament has talked about LGBT rights. Gay Star News reports :

Over the weekend Mongolia will host the seventh ministerial conference of the Community of Democracies , a global caucus of democratic nations formed with the intention of fostering democracy around the world.

Otgonbaatar Tsedendemberel, executive director of Mongolia LGBT Centre talks to Gay Star News about the struggle to get the organization established, achievements and plans for the first ever Mongolian Pride this year.

The Mongolian Gobi Bear, shown here in the wild, is one of the world's most endangered animal species. (Carlos Alperin/ http://www.youtube.com/watch?v=HruroJQijkY )

The May 23 Backstreet Boys concert in Mongolia, was re-scheduled to take place on June 15, according to Kh.Batjargal, manager of Evento Company, the Mongolian organizer of the concert.

“Three Neighbors”, a collaboration of Mongolian, Chinese and Russian circus performers, is beginning its Mongolian tour on May 25.

BANGKOK, April 26 (Bernama) - Thai Prime Minister Yingluck Shinawatra will attend the 7th Ministerial Conference of the Community of Democracy in Mongolia from April 27 to 29, Thai News Agency (TNA) reported.

Prime Minister Yingluck Shinawatra will leave Saturday for a three-day official visit to Mongolia to boost trade and investment ties.

Thailand will forge closer ties with Mongolia for trade, investment and service businesses during the visit to that country by Prime Minister Yingluck Shinawatra this weekend.

ULAN BATOR - The Mongolian parliament on Thursday voted to dismiss Vice-Speaker Bayartsogt Sangajav for his possession of an offshore company and a secret account in Switzerland.

Further to our recent alert dated 15 April , the Parliament of Mongolia approved an amendment ("the Amendment") to the Law of Mongolia on the Regulation of Foreign Investment in Business Entities Operating in Sectors of Strategic Importance (the "SFI Law") on 19 April 2013.

A total of 11 Taiwan hospitals have signed a memorandum of cooperation with Ulan Bator’s First Dr. Asia Co. Ltd., paving the way for more Mongolian patients to come to Taiwan for medical treatment, the Taiwan External Trade Development Council (TAITRA) announced April 23.

Hertz Equipment Rental Corp. has entered into a franchise agreement with Consolidation Service Inc. through its wholly owned subsidiary Mongolia Equipment Rental Corp. Consolidation Services will have the exclusive license to provide rental equipment in Mongolia using the Hertz Equipment brand and proprietary system, beginning July 1.

ULAN BATOR, April 25 (Bernama) -- Mongolia is planning to enhance energy development particularly wind and other renewable sources of energy to meet growing energy demand, a senior Mongolian official said Wednesday.

MONGOLIA, for years held out as a potential competitor with Australia to attract global investment for highly promising mining prospects, has faltered following the introduction a year ago of stringent regulations requiring parliament to approve foreign involvement in the industry.

Mongolia is one of the fastest growing economies in the world. Its mining sector currently accounts for 89% of total exports and generates almost one-third of Government revenues.

Anna Skentelbery, 20, will travel 10,000 miles across a third of the globe with Ashley Ferguson from Upper Woburn Place in Central London to Ulaabaater in Mongolia to raise money for charity Go Help.

A massive multi-ton dump-truck winds its way down the ramps into the depths of the Erdenet open-pit mine. For scale, the wheels on this truck are about 10 feet in diameter. (Alex Yule / Flickr)

In 2012, MAXAM celebrated its 140th birthday. Founded by Alfred Nobel in 1872, the group today stands recognised as being one of the leading service and industrial organisations operating on a global scale, with a yearly turnover of approximately one billion euros.

Turquoise Hill Resources (NYSE:TRQ TSE:TRQ) rose 5% in afternoon trade on Tuesday, bringing gains for the operator of the Oyu Tolgoi mine since Friday to 12.5%.

The Hertz Corporation has announced that Hertz Equipment Rental Corporation has entered into a franchise agreement with Consolidation Services Inc. through its wholly owned subsidiary Mongolia Equipment Rental Corporation.

Sometimes an abundance of riches can be a headache.

As Mongolia makes final preparations to host the 7th Ministerial Conference of the Community of Democracies from April 27-29, 2013, an air of excitement and buzz is palpable here in the capital, Ulaanbaatar.

BRUSSELS: EU foreign affairs head Catherine Ashton began a trip to China and Mongolia yesterday, aiming to take stock of hugely important ties with the new leadership in Beijing.

On Tuesday, Standard & Poor's Ratings Services said that it lowered its ratings outlook on Mongolia to Negative from Stable while affirming the central Asian country's BB- long-term and B- short-term sovereign credit ratings. Those are both junk ratings.

This project was born from an interest in documenting the transformation of Asia in recent decades.

Ganzorig Ulziibayar is understated; his office is understated.

Office of the Spokesperson Washington, DC

Genie Oil Shale Mongolia, a subsidiary of Genie Energy, has signed a five year agreement with the Petroleum Authority of Mongolia (PAM) to explore and evaluate the commercial potential of oil shale resources, on a 34,470 km2 area in Central Mongolia.

French miner Areva’s subsidiary, Areva Mongol, announced last week that it has discovered a 54,000 ton uranium deposit in Zuuvch Ovoo.

Mongolia is an example of an EFL, or English as a Foreign Language, country.

BANGKOK, 23 April 2013 (NNT) – Prime Minister Yingluck Shinawatra is set to pay a visit to Mongolia on April 27-29 to attend the 7th Ministerial Conference of the Community of Democracies.

Standard & Poor’s Ratings Services announced Tuesday that it has revised its rating outlook on Mongolia from “stable” to “negative.”

Hertz Equipment Rental Corp., a subsidiary of Park Ridge-based Hertz Corp., has entered into a franchise agreement with Consolidation Services Inc. through its wholly owned subsidiary Mongolia Equipment Rental Corp.

‘Oh, because you’re a writer,” said the middle-aged Italian woman, with a look of relief.

Beneath Mongolia's Gobi desert lie enormous reserves of gold, silver and copper, and a deal between the Mongolian government and mining giant Rio Tinto could transform the country from one of the poorest, to one of the richest per capita in the world.

The North, suffering under dictator Kim Jong-un's cruel regime, cited a "severe" shortage of food and requested aid during a recent meeting with Mongolia's President Ts. Elbegdorj.

Koreans and nearby Mongolians share an ancient ethnic and lingual heritage, and now it appears North Korea is hoping those ties will help them borrow a bit of needed butter and sugar.

Analysts at ResCap say they are increasingly optimistic that a deal will be struck to end a bitter stand-off between the government of Mongolia and Rio Tino over the massive Oyu Tolgoi (OT) copper mine.

Mongolia’s Central Bank Governor Naidansuren Zoljargal and Randolph Koppa, president of the Trade & Development Bank of Mongolia LLC, discuss the country’s economy, competitiveness and direct foreign investment.

Things seem to be happening pretty fast at Rio Tinto (NYSE: RIO ); more so after the new CEO, Sam Walsh took over in January this year.

Although it may never compete with neighbours with well-established manufacturing sectors and economies of scale, Mongolia has the potential to meet domestic needs and produce goods, such as meat and cashmere for export.

Endowed with isolated, unspoilt nature and nomadic Buddhist culture, Mongolia has managed to develop a small but potentially profitable tourism sector that is expanding through support from the government and a focus on the adventure and nature segments.

A sandstorm, first of its kind this spring, began shrouding many parts of northwest China's Xinjiang Uygur Autonomous Region Tuesday afternoon due to a cold wave.

Not particularly known for its smooth-as-glass putting surfaces or sublime golfing seasons, Mongolia is nonetheless the place a 35-year-old civil engineer from New Hampshire has decided to spend his summer playing golf.

Last year, American golfer Andre Tolme made headlines and put Mongolia on the map as an adventure travel destination when he became the first person to golf the length of the Central Asian nation.

(Reuters) - The market capitalisation of companies listed on the Mongolian Stock Exchange (MSE) could leap more than 30-fold over the next three to five years, boosted by privatisations and new regulations, the chief executive of the bourse said on Thursday.

ULAN BATOR - A four-day seminar which ended in Ulan Bator Sunday explored the prospects for closer coo peration between Mongolia and China in the coal industry.

(Reuters) - Mongolia's massive Tavan Tolgoi coal mine will resume exports of coking coal to China on Monday after suspending deliveries in January due to cost pressures, the state firm in charge of the project said.

As North Korea heads into the time of year when its food supplies run low, it appears to be looking for new donors.

ULAN BATOR, April 18 (Xinhua) -- Mother nature has come to Mongolia's rescue, with heavy rain and snowfall extinguishing a raft of forest and grassland fires, according to the Environment and Green Development Ministry Thursday.

Aspire Mining ( ASX: AKM ) has appointed Hannah Badenach as a non-executive director.