Friday, August 22, 2014

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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