Wednesday, September 24, 2014

Mongolia Brief September 23, 2014 Part IV

Parliament's autumn session agenda

September 23 ( The Council under the Speaker of the Parliament of Mongolia held a meeting on Monday. The council decided that the autumn session of parliament would open on October 1st and discussed scheduled draft bills.

The Council under the Speaker of the Parliament agreed to first discuss the hotly debated railway gauge issue, which was left unresolved in the spring session of parliament.
The authorities have debated the issue of whether wide or narrow rail gauge should be used for years. However, the issue seems will be the first one to be discussed in the autumn session.
The council also scheduled an agreement on transparency in matters related to international trade and investment between Mongolia and the USA, a draft law on firearms, and a draft law on domestic violence.  Many speculate that one of the most heated debates will be on the restructuring of the government.     
What will autumn session discuss?Montsame, September 23

Ambassador of Turkey works in localities

By B. Khuder
Ulaanbaatar, September 23 (MONTSAME) The Ambassador Extraordinary and Plenipotentiary of Turkey to Mongolia Mr Murat Karagoz has worked in Orkhon and Darkhan-Uul aimags with aims to fortify the Mongolia-Turkey economic, trade and cultural cooperation and to increase the open diplomacy of Turkey’s Embassy.
Mr Karagoz and accompanying him officials have held meetings with the governors of Orkhon aimag’s Erdenet city and of Bayan-Ondor soum to share views on the bilateral cooperation in construction, infrastructure, land farming and animal husbandry.
The Ambassador has also legged the “Erdenet” Mining Corporation and an Erdenet-based “Alapala” Turkish company. In Darkhan city, the Ambassador has met with the province’s authorities and businessmen, has given interview to the local media organization, and has met with students of a branch of the Mongolian University of Sciences and Technology. 

Stock exchange news for September 23

By B. Khuder
Ulaanbaatar, September 23 (MONTSAME) At the Stock Exchange trades on Tuesday, a total of 65 thousand and 050 shares of 18 JSCs were traded costing MNT 39 million 390 thousand and 855.00.
"E-trans logistics” /35 thousand and 475 units/, “Hai Bi Oil” /14 thousand and 631 units/, “Genco tour bureau” /4,961/, “APU” /3,539 units/ and "Nako tulsh” /2,600 units/ were the most actively traded in terms of trading volume, in terms of trading value were "APU” (MNT 13 million 095 thousand and 300), "Hai Bi Oil” (MNT five million 852 thousand and 400), “Ulaanbaatar khivs” (MNT five million and 257 thousand), "Tavantolgoi” (MNT five million 240 thousand and 025) and "E-trans logistics” (MNT three million 263 thousand and 700).
The total market capitalization was set at MNT one trillion 596 billion 270 million 556 thousand and 423. The Index of Top-20 JSCs was 15,897.77, decreasing 36.02 units or 0.23% against the previous day.

Mongolia remains on the FTSE Watch List

By B. Enkhtsetseg
September 23 (Mongolian Economy) The FTSE Group still considers Mongolia’s capital market important and decides it should remain on the watch list. 
On Sep12 2014, Chris Woods, Governance and Policy Director of FTSE Group, sent official letter to Mongolian Stock Exchange JSC. 
In this letter, the FTSE Governance Board decided Mongolia should remain on the FTSE Watch List and be entitled to a review again for possible inclusion as a Frontier Market at the next review in September 2015.
FTSE Group decided to put the country on its watch list for the “Frontier Markets” list back in 2012. FTSE compiles global indexes and provides analytical solutions for investors. 
FTSE Group, based in Great Britain capital London, is a leading index provider in the world which calculates over 120,000 end-of-day and real time indices covering more than 80 countries. 
Link to article

1 comment:

  1. Nice blog you have! Just found it while searching for mining news from Mongolia which by the way is pretty hard. What's the latest situation with the Sainshand industrial park?? Can you give me some good links for it? I am most interested in the planned copper smelter there.. any news on it?