Mongolia Brief August 21, 2014 Part III
Premier
meets parliamentary delegation of Japan
By B. Khuder
Ulaanbaatar,
August 21 (MONTSAME) The Prime Minister of Mongolia N.Altankhuyag met with a
visiting delegation led by Mr Moto Hayashi, a head of the Japan-Mongolia
friendship group at the Liberal Democratic Party of Japan (LDP).
Together with
him came Mr Satsuki Eda, a head of the Japan-Mongolia friendship group at the
House of Councillors of Japan’s parliament; Mr Hiroyuki Sonoda, a head of the
Japan-Mongolia friendship group at the House of Representatives; and other MPs.
Mr Altankhuyag
thanked the Japanese parliamentary delegation for visiting Mongolia and
underlined that development of friendly ties and cooperation with Japan is
one of the priorities of Mongolia’s foreign policy.
In response, Mr
Moto expressed a satisfaction with an intensive development of the
Mongolia-Japan relations and collaboration, including strategic ties and
economic partnership.
Deputy
PM receives CDB president
By B. Khuder
Ulaanbaatar,
August 21 (MONTSAME) The Deputy Prime Minister and head of the Mongolian side
of the Mongoia-China intergovernmental commission D.Terbishdagva met Thursday
Mr Zhijie Zeng, a president and vice chairman of the China Development
Bank Corporation (CDB).
The CDB is a
largest bank in China in terms of investment size, having USD 350 billion, it
cooperates with 115 countries, Mr Zhijie said. He went on that China wants to
cooperate with the Development Bank of Mongolia (DBM) because Mongolia is a
neighbour of China and has long-year friendly relations with it, and asked
the Deputy Premier to give support to this cooperation.
“We consider
that the state visit of Mr Xi Jinping to Mongolia is a historical event, in
frames of which the two countries’ development banks have agreed to sign a
contract of 162 million US dollars. This is a start of our cooperation, and it
will become closer and will finance more projects and programmes,” Mr Zhijie
said.
Noting that
Mongolia has owned a land of 10 hectares areas in the Tianjin seaport, Mr
Terbishdagva asked the CDB president to support the port’s construction.
BoM
and People's Bank of China sign new currency swap agreement
By B. Khuder
Ulaanbaatar,
August 21 (MONTSAME) The president of the Bank of Mongolia (BoM) Mr N.Zoljargal
and a governor of the People's Bank of China (PBoC) Mr Zhou Xiaochuan Thursday
signed a new currency swap agreement for a term of another three years, with
its size expanded from RMB10 billion to RMB15 billion.
The new
agreement will be effective for three years and can be extended by mutual
consent and superseded the RMB10 billion currency swap agreement, signed on May
6 of 2011 and extended on May 14 of 2014.
The BoM and
PBoC relations have witnessed remarkable growth since 2011 when the first
agreement was signed. With efforts from both sides, the new currency swap
agreement and the expansion of its size marked a new step in development of
bilateral relationship between the two central banks.
The expansion
of the currency swap agreement is crucial in helping to provide liquidity, when
necessary, to maintain the stability of the financial market. The new agreement
will facilitate the further development of trade and investment between the two
countries.
China is
Mongolia’s largest trading partner and investor for the past 10 years, with the
bilateral trade volume reaching 5.4 billion U.S. dollars in 2013.
In June of
2014, the Yuan ranked as the seventh most active currency for global payments
and accounted for 1.55 percent of payments worldwide and overtook the euro to
become the second-most used currency in global trade finance after the dollar
last year, according to the Society for Worldwide Interbank Financial
Telecommunication (Swift).
Stock
exchange news for August 21
By B. Khuder
Ulaanbaatar,
August 21 (MONTSAME) At the Stock Exchange trades held Thursday, a total of 20
thousand and 132 shares of 16 JSCs were traded costing MNT 12 million 304
thousand and 388.00.
"Genco
tour bureau” /10 thousand and 693 units/, "Remikon” /5,000 units/,
"Khokh gan” /1,100 units/, "Tavantolgoi” /748 units/ and "Hai Bi
Oil” /745 units/ were the most actively traded in terms of trading volume, in
terms of trading value--"Tavantolgoi” (MNT three million 732 thousand and
215), "Gobi” (MNT two million 165 thousand and 800), "Makh impex”
(MNT one million 925 thousand and 766), "Genco tour bureau” (MNT 898
thousand and 212) and "Remikon” (MNT 755 thousand).
The total
market capitalization was set at MNT one trillion 621 billion 970 million 050
thousand and 130. The Index of Top-20 JSCs was 15,996.01, increasing by MNT
94.54 or 0.59% against the previous day.
Hakuho
donates 30 million to baseball team
By B.
Amarsaikhan
Ulaanbaatar,
August 21 (MONTSAME) Through own foundation, Hakuho-titled M.Davaajargal, the
Mongolian and the Grand champion of Japanese professional sumo wrestling,
donated 30 million Togrog for the transportation cost of Mongolian baseball
team, which will take part in Incheon Asian Games.
The donation
was granted August 21 by M.Battseren, the head of the foundation. Present at
this ceremony were Ts.Damdin, Mongolian National Olympic Committee;
P.Altangerel, the state secretary of the Ministry of Culture, Sport and
Tourism; and Z.Bakhytjan, a head of the management of physical culture and
sports policy implementation department of the Ministry.
The sumo
champion Hakuho is interested in baseball, he often plays when possible. This
is the second time he supported the Mongolian baseball players financially, the
first help was given during the Asian Games of 2010.
This year’s
Asian Games is to run in Incheon of Republic of Korea this September 19-October
4.
Chess
team competes in the World Championship
By B.
Amarsaikhan
Ulaanbaatar,
August 21 (MONTSAME) The Mongolian chess players are taking part in the World
Student Championship of Chess which is running in Katowice, Poland.
A coach of the
team is S.Gan-Od, the Chess Union's international sports master. Currently,
after three rounds, G.Munkhgal and Ts.Batchuluun (men) with three points are at
8th and 10gth places, and B.Galmandakh with 2.5 points at 26th place.
As for women,
B.Munguntuul with 3.5 points is 3rd place, and A.Enkhtuul with 2 points is the
16th.
In men’s
category, among 46 players are competing Batchuluun Tsegmid (2513), the Grand
master, being ranked 14th; Munkhgal Gombosuren (2418), an international master
of chess, player from Uvurkhangai province, at 19th; Galmandakh Badrakh (2264),
the player from Arkhangai province, at 30th place.
In women
division with 26 players, there are Munguntuul Batkhuyag (2410) at 2nd;
Enkhtuul Altan-Ulzii (2300), the Grand master of chess, at 6th place.
The results of
six rounds will come out today later. The tournament will end August 24.
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