Mongolia Brief October 14, 2014 Part I
Draft
Amendments to Income Tax Law Submitted to Parliament
By B.
Amarsaikhan
Ulaanbaatar,
October 14 (MONTSAME) Draft amendments to the law on"Economic entity
income tax" was presented Monday to the Speaker Z.Enkhbold by
Ya.Sodbaatar, D.Sarangerel, N.Nomtoibayar and L.Enkh-Amgalan MPs.
The said the
new draft has been developed in order to support wealth creators in overcoming
an economic crisis with less damage, to decrease taxes burden on middle
class and entrepreneurs who make up most of the private businesses in the
country, to reduce a complexity in tax report processes. This is also
considered as of high importance in improving the investments conditions,
economic intensification, and promoting the private sector. A number of
Economic Entity Income Tax payers reached 78,748 by 2012, the sales incomes of
the entities that make 1.5 billion Togrog or more a year cover 13-15 percent of
the total sales revenue. “Making these changes to the tax law will provide
transparency in economic and business entities, reduce workload of the tax
offices and reduce the administration costs, and will establish trust between
public and private organizations,” said the MPs.
Proposal
Submitted to Parliament on Changing Government's Composition
By B. Khuder
Ulaanbaatar,
October 14 (MONTSAME) Head of the Cabinet Secretariat for Government
Ch.Saikhanbileg MP Monday submitted to the Speaker Z.Enkhbold a proposal on
changing a composition of the current cabinet.
Earlier, the
cabinet had submitted to parliament draft amendments to the laws on structure
and on composition of government, suggesting forming 13 Ministries by uniting
the two Ministries (Finance; and Economic Development) into the Ministry of
Finance; the two Ministries (Mining: and Energy) into the Ministry of Geology
and Mining; and the two Ministries (Construction and Urban Development; and
Road and Transportation) into the Ministry of Infrastructure Development.
However, the
parliamentary session at its plenary meeting on October 7 decided that the
Ministries of Construction and Urban Development and of Road and Transportation
will be merged into the Ministry of Road, Transportation, Construction and
Urban Development instead of Infrastructure Development.
Mr Saikhanbileg
proposes that the government will have--the Prime Minister; the Deputy PM; the
Minister of Mongolia and head of the Cabinet Secretariat; and the Minister of
Environment and Green Development; of Foreign Relations and Economic
Cooperation; of Finance; of Justice; of Defense; of Education and Science; of
Road, Transportation, Construction and Urban Development; of Culture, Sport and
Tourism; of Mining and Energy; of Industry and Agriculture; of Labour; of
Population Development and Social Welfare; and of Health.
Draft
Amendments to Law on Government Composition to Be Discussed
By B.
Amarsaikhan
Ulaanbaatar,
October 14 (MONTSAME) The parliament session on Tuesday discussed whether to
discuss draft amendments to the Law on Government Composition and related to it
draft laws.
The draft
amendments were introduced by Ch.Saikhanbileg, the head of the Cabinet
Secretariat of the Government, the comments and conclusions of the Standing committee
on state structure--by S.Bayartsogt MP.
Regarding the
Standing committee’s conclusions, the members raised questions.
The Standing
committee had supported the discussion of the draft laws, and 78.7 percent of
the MPs present voted for it. Thus, the draft amendments to the Law on
Government Composition and other associated drafts were passed to this Standing
committee for a preparation for the first discussion.
Ministry
Introduces Euro Codes to Civil Engineers
By B.
Amarsaikhan
Ulaanbaatar,
October 14 (MONTSAME) The Ministry of Construction and Urban Development has
organized a training for design engineers from over 30 construction companies
in order to give them an understanding about the Euro codes.
These codes are
a set of harmonized technical rules developed by the European Committee for
Standardization for the structural design of construction works in the European
Union.
The training
has been run by Prof. from Department of Reinforced Concrete and Masonry
Structures of the Moscow State University of Civil Engineering A.Plotnikov, a
senior Prof. at the department A.N.Klimov, and assistant Prof. at Department of
Metal Structrure of the university A.I.Danilov.
The purposes of
the Euro codes are a means to prove compliance with the requirements for
mechanical strength and stability and safety in case of fire established by
European Union law; a basis for construction and engineering contract
specifications; a framework for creating harmonized technical specifications
for building products. The codes help improve competitiveness of organizations,
manufacturers, executors and designers in civil engineering.
Ambassador
of Mongolia to Indonesia Sh.Battsetseg Accredited
October 14
(infomongolia.com) Ambassador Extraordinary and Plenipotentiary of Mongolia to
the Republic of Indonesia Mrs. Shagdar BATTSETSEG presented a Letter of Credence
to the President of Indonesia, H.E. Mr. Susilo Bambang Yudhoyono on October 13,
2014.
Following the
credential handing ceremony, Ambassador Sh.Battsetseg conveyed greetings of
President of Mongolia Ts.Elbegdorj and noted that bilateral traditional friendly
relations have been developing since the establishment of diplomatic ties
between the two countries. In particular, the state visit by incumbent
President of the Republic of Indonesia paid to Mongolia in September 2012
opened a new page in the history of bilateral relations.
The Indonesian
President conveyed heartfelt greetings to his Mongolian counterpart and
underlined democratic developments in Mongolia. Mr. Susilo Bambang Yudhoyono
highlighted that Indonesia pays a great importance to bilateral ties and wished
a successful endeavor to newly accredited Ambassador of Mongolia to Indonesia.
Mongolia and
the Republic of Indonesia have established the diplomatic relations on December
22, 1956.
The Government
of Mongolia decided to open its Embassy in Jakarta in 2013 and Ambassador of
Mongolia to Indonesia Sh.Battsetseg was promoted at the Cabinet meeting held on
April 12, 2014.
Related:
Ambassador
to Indonesia Presents Credentials – Montsame,
October 14
Economic
Indicators for First Nine Months of 2014
By B.
Amarsaikhan
Ulaanbaatar,
October 14 (MONTSAME) According to the Bank of Mongolia, money supply (broad
money or M2) reached MNT 10.1 trillion at the end of September, decreasing MNT
65.4 billion or 0.6 percent from the previous month, but increasing 1.6
trillion or 18.7 percent against the same period of 2013.
Currency issued
in circulation in September reached MNT 827.3 billion, going up by 52.8 billion
or 6.0 percent from the previous month, and going down by MNT 47.7 billion or
5.4 percent against the same period of 2013.
Outstanding
loans of 2014 amounted to MNT 12.6 trillion at the end of September, increasing
MNT 273.1 billion or by 2.2 percent from the previous month and by 2.5 trillion
or by 24.2 percent against the same period of the previous year.
Principals in
arrears reached MNT 464.6 billion at the end of September, showing a decrease
of MNT 62.5 billion or of 11.9 percent from the previous month, and going up
MNT 311.1 billion or three times compared to the same period of the previous
year.
At the end of
September, non-performing loans over the bank system reached MNT 590.4 billion,
decreasing MNT 29.6 billion or by 4.8 percent against the previous month, but
increasing MNT 53.2 billion or 9.9 percent against the same period of
2013.
Industrial
Production Index in Figures
By B. Khuder
Ulaanbaatar,
October 14 (MONTSAME) In the first nine month of this year, the industrial
production index (IPI) (2010=100 seasonally adjusted and experimental estimation)
increased by 4.0% from the end of the last year, and by 5.7% over the previous
month.
The IPI
decreased by 5.1% against the previous year. The mining products such as
molybdenum with concentrate, gold, iron ore, copper concentrate, crude oil, fluor
spar concentrate increased 4.3-67.9% in the mining and quarrying sectors, while
the manufacture of products such as juice, steel casting, cigarettes, metal
steel, milk, knitted goods, soft drinks, buuz, dumplings, sausages, vacuum
windows and doors, sawn wood rose by 1.3% to 2.3 times in the manufacturing
sector against the previous year.
Construction
and capital repairs work reached MNT 1,182.4 billion, where 1,114.6 billion or
94.3% were allocated to the domestic construction entities and MNT 67.8 billion,
or 5.7%--to foreign construction entities.
Crimes
and Disasters in Figures
By B.
Amarsaikhan
Ulaanbaatar,
October 14 (MONTSAME) At the national level, 19,773 crimes were reported in the
first nine months of 2014, showing an increase of 957 crimes or of 5.1 percent
against the same period of 2013.
This increase
occurred due to the increases in crimes against the right of ownership (607)
and infliction of a bodily injury (505). Some 7,790 people were injured
and 836 people died because of these crimes. The number of the injured went up
by 967 persons or by 14.2 percent, of the died increased by 81 or by 10.7
percent against the same period of the previous year.
Meantime, there
were 3,409 natural accidents and disasters in which 157 people died and 14,662
heads of livestock got lost. Among these disasters and accidents 2,901 were
construction fires, 153 forest fires, 84 floods and river and lake accidents,
32 cases of 3.5 magnitude earthquakes, 23 severe storms, 13 incidents related
to chemical substance usage and emergency call.
Estimated
damage caused by the construction fires amounted to MNT 10.5 billion, by
porcine reproductive and respiratory syndrome–MNT 1.6 billion, by the forest
fires–MNT 1.4 billion, by heavy rain and floods--MNT 755.4 million, by severe
storms--MNT 586.3 million. A total of 680.7 million Togrog was spent on the
disasters and accidents.
During this
period, 94 people died from drowning in rivers and lakes, 48 people died in the
construction fires, five died from thunder, three from the forest and artisanal
mining fires and rock falls, two in heavy rains and floods and severe storms.
Against the same period of 2013, the occurrences of the natural disasters and
accidents decreased by 68 cases.
Weekly
Bestsellers Named
By B.
Amarsaikhan
Ulaanbaatar,
October 14 (MONTSAME) The list of best-sold books at Internom bookstores has
been topped by “People and Society III”-- a textbook for the sixth grade
pupils.
After this go
"The Girl Who Kicked the Hornets’ Nest" by Stieg Larsson and "On
how to have beautiful hand-writing".
The runner-up
are “Mathematics X”--a textbook for tenth-graders, "Lean In: Women, Work,
and the Will to Lead" by Sheryl Sandberg, "Sorkhugtani"– a
historic novel by B.Sarantuya, Oxford’s Mongolian-English and English-Mongolian
pocket dictionaries, "Biology IV"–a textbook for tenth-graders, also
"Learn to read on your own" by D.Erdenechimeg, and "The Girl
with Dragon Tattoo" by Stieg Larsson.
Two
Wrestlers Achieved New Titles at 2014 National Naadam Festival Proved of Using
Banned Drugs
October 14 (infomongolia.com)
On October 13, 2014, Mongolian National Wrestling Federation (MNWF) called a press
conference regarding the doping test summary collected from 16 winners after Fifth
Round in traditional wrestling tournament at the 2014 National Naadam Festival held
in Ulaanbaatar.
According to
statement, the MNWF claims that the drug test probe No. 2826916 collected from
Ulsyn Nachin (State Falcon - title) N.Adiyabat, resident of Tariat Sum of Arkhangai
Aimag and the probe No. 2826940 from Ulsyn Nachin B.Sumanchuluun, resident of
Tonkhil Sum of Govi-Altai Aimag, show negative results, in other words, these
athletes used a drug that contains chemical substances registered in the list
of banned drugs.
According to
the regulation of the National Naadam Festival, samples are usually collected
from 16 winners of the traditional wrestling and each participant is asked to
provide a urine sample, which is divided into two as A and B samples. If an
A-sample is revealed the presence of a prohibited substance, which tested at
the laboratory of Anti-Doping Center of Mongolia, the athlete can request for
re-test sending the B-sample abroad on his own expenses.
However, above
two wrestlers did not recognize the A-samples result issued on August 22, 2014,
thereof the Anti-Doping Center sent their B-samples to South Korea for re-test.
Afterwards, Korea Institute of Science and Technology affirmed the B samples result
as same as A-samples in an official respond sent on September 08, 2014.
Currently, the
MNWF is not revealed yet its final decisions, but according to rule, a wrestler
who uses banned performance enhancing drugs is confiscated his state title
achieved in certain year or banned to participate in wrestling competitions up
to two years.
Related:
The wrestlers who fail
doping test announced – news.mn,
October 14
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