Oyu Tolgoi Board Meeting Approaches
By B. Amarsaikhan
Ulaanbaatar, September 26 (MONTSAME) Oyu Tolgoi feasibility study has been submitted by "Turquoise Hill Resources" Ltd. to the Board of directors of Oyu tolgoi company, the latter will discuss the study this October 2.
After this the feasibility study will be considered by Council for Minerals of Mongolia, said the Mining Minister D.Gankguyag on Tuesday while giving an overview of the mining sphere.
He also said a law on minerals sector transparency, discussed by the government on September 18, will be submitted to the State Great Khural. The transparency is supposed to reduce corruption, to raise public control over mining companies' activities, to increase a number of taxes and payments to localities and state budgets, he said.
The cabinet had also discussed draft resolutions on re-estimating petroleum reserves and measures taken for fuel reserves, "related ministers have been told to have the petroleum reserves reach 83,350 tonnes which equals 30-day need, and to resolve the funding for this activity," he reminded.
By August of 2014, the mining sector collected MNT 802.8 billion in the state budget, the minerals export also increased, namely, the coal export by 27.6 percent reaching 12.2 million tonnes, oil—by 45.5 percent reaching 4.4 million barrels, and the export of copper concentrate doubled in amount, he said. Some 844.3 thous.tonnes of copper concentrate were exported by the end of August, he added.
The Minister went on that gold sold to the Bank of Mongolia reached seven tonnes. A "Focus Metal Mining" LLC commissioned a new wet-concentrate plant on September 6 based on Khudag Baishint iron deposit in Bulgan aimag, this plant is to market 1.9million tonnes of wet-concentrate and 69 thous.tonnes of regular concentrate within five years, and is estimated to make profit of USD 228.2 million, he said.
New Deputy Justice Minister appointed
September 26 (news.mn) The Government of Mongolia appointed Ts.Uuganbayar as Deputy Justice Minister in Thursday's cabinet meeting on September 25th.
Ts.Uuganbayar graduated from the Academy of the Russian Internal Affairs Ministry as a lawyer. He has experience working for the police and intelligence agency as an administrative officer. He had been Deputy Director for the Mongolian Customs General Authority before he was appointed as Deputy Justice Minister.
The Executive Committee of the Mongolian People's Revolutionary Party (MPRP) held an irregular meeting on September 24, and elected Ts.Uuganbayar as Secretary General of the party. The Executive Committee of MPRP also elected their nominee for Deputy Justice Minister for submission to the Government.
Deputy Justice Minister E.Erdene-jamiyan was charged for disrupting the process of an investigation and dismissed from his post as Deputy Justice Minister, following decisions by three courts.
OWL telescope installed at Tavan Tolgoi
September 26 (news.mn) An Overwhelmingly Large Telescope (OWL) for an astrophysics observatory was installed at the base of Tavan Tolgoi seismic station, 55 km from Ulaanbaatar.
The installation of the OWL was collaboration between the Research Center for Astronomy and Geophysics, Academy of Sciences of Mongolia, and Korea Astronomy and Space Science Institute.
Fully automatic, with a 45 cm diameter, and a Ritchie-Chretien optical system, the OWL was installed in an aperture pavilion can be partially or fully opened to the night sky.
The OWL will be used for the observation of small planets, comets around Earth's planet belt, objects in orbit, and the optic emissions of gamma-bursts.
Mongolian and South Korean scientists aim to collaborate on conduct study at the observatory and sharing information.
South Korea has 15 satellites for numerous uses and will use the OWL for tracking their satellites, observing debris in space and speculating the risk of collision.
Mongolia to Join Safety and Health in Mines Convention
September 26 (infomongolia.com) At the regular Cabinet meeting took place on September 25, 2014, it was agreed Mongolia to join the Safety and Health in Mines Convention, 1995 (No.176) recognizing that it is desirable to prevent any fatalities, injuries or ill health affecting workers or members of the public, or damage to the environment arising from mining operations.
The Convention was adopted at the 82nd Session of the International Labour Organization held in Geneva on June 22, 1995 and entered into force on June 05, 1998.
In the scope of joining the Convention, Mongolia shall to follow and comply with the Convention acts and regulations, in particular, clearly determine the roles and responsibilities of employers and workers, as well as provide for:
- the supervision of safety and health in mines,
- the inspection of mines by inspectors designated for the purpose by the competent authority,
- the procedures for reporting and investigating fatal and serious accidents, dangerous occurrences and mine disasters, each as defined by national laws or regulations,
- the compilation and publication of statistics on accidents, occupational diseases and dangerous occurrences, each as defined by national laws or regulations,
- the power of the competent authority to suspend or restrict mining activities on safety and health grounds, until the condition giving rise to the suspension or restriction has been corrected,
- the establishment of effective procedures to ensure the implementation of the rights of workers and their representatives to be consulted on matters and to participate in measures relating to safety and health at the workplace;
As of Mongolian mining industry, the General Agency for Specialized Inspection reports that workers are most affected by the industrial accidents and in the past 6 years, 510 workers have been affected in the mining industrial accidents, whereas one third died and 49 persons become disabled as a result of an accident. Thereof, Government of Mongolia deems by ratifying the Convention it will improve the labor safety in this sector in accordance with international safety standards.
Defense Minister of Turkey Ismet Yilmaz Pays Official Visit to Mongolia
September 26 (infomongolia.com) Delegates from the Ministry of National Defense of the Republic of Turkey headed by Minister Ismet Yilmaz are paying an official visit to Mongolia on September 25-26, 2014.
On the first day of the visit, Defense Minister of Mongolia D.Bat-Erdene welcomed his counterpart of Turkey at the Ministry of Defense with guards of honor, after, parties held a meeting discussing issues concerning bilateral relations as well as the partnership broadening in the defense sector and its further plans.
During the bilateral meeting, the two Ministers inked on intergovernmental document of “Agreement of Military Financial Cooperation” and it’s “Implementation Protocol”.
Also, Defense Minister Ismet Yilmaz met with Mongolian military representatives and peacekeepers served in Iraq, Afghanistan and other states to express his appreciation for successful mission.
Afterwards, Minister D.Bat-Erdene presented a thoroughbred racehorse to the distinguished guest, Defense Minister of Turkey Ismet Yilmaz, and after receiving this honorary gift, Minister I.Yilmaz gave a name to the horse as Bilge named after the Great Bilge Khagan.
As part of his official visit programs, Defense Minister Ismet Yilmaz and accompanying delegates were received by the Prime Minister of Mongolia N.Altankhuyag in the Government House on September 25, 2014. After which, the delegation visited historical sites of Khushuu Tsaidam Memorial Complex in Arkhangai Aimag, Tonyukuk monuments in Nalaikh district and Chinggis Khaan statue at Tsonjin Boldog in Tuv Aimag.
Cooperation in Defense sector between Mongolia and Turkey has been successfully developing since 1999 and according to intergovernmental negotiations, the Government of Turkey annually assists Mongolian Defense sector with grant aid equivalent to one million USD. Moreover, 79 Mongolian officers have graduated from Turkish Military Academy since 2000.
Defense Minister of Turkey Visiting – Montsame, September 26
Mongolia’s Erchim FC Could not Qualify at Final Stage of 2014 AFC President’s Cup
September 26 (infomongolia.com) The last edition of the AFC President's Cup organized by the Asian Football Confederation (AFC) is taking place this year and we previously reported that Mongolia represented with its Erchim FC has qualified in the Group Stage last May.
To remind, the Erchim FC (Mongolia) competed against the teams of Manang Marshyangdi Club (Nepal) and Svay Rieng FC (Cambodia) in the Group “C” held in Ulaanbaatar, Mongolia on May 01-05, 2014. Winning over the Svay Rieng FC, Erchim was eligible to continue games at the Final Stage being held in Sri Lanka on September 20-26, 2014.
In the Final Stage, six teams (HTTU Asgabat - Turkmenistan, Manang Marshyangdi Club - Nepal, Sri Lanka Air Force - Sri Lanka in A Group, Rimyongsu - North Korea, Sheikh Russel - Bangladesh, and Erchim - Mongolia in B Group) were drawn into two groups of three. Each group has played on a single round-robin basis, with the same ranking rules as the group stage.
On September 20, 2014, Erchim FC made its first game against the Sheikh Russel, but was defeated by 0:1 and the second match was held on September 22nd with Rimyongsu, but unfortunately also lost to North Korean team by 0:5 that disqualifies to continue the 2014 AFC President’s Cup.
For the Final Match, HTTU Asgabat (Turkmenistan) and Rimyongsu (North Korea) will be playing today at 04:00 pm by local time.
“American Days” Exhibition to Promote Best Goods and Services to Be Held in Ulaanbaatar
September 26 (infomongolia.com) Mongolian National Chamber of Commerce and Industry (MNCCI) in collaboration with the Embassy of the United States of America in Ulaanbaatar are organizing the “American Days” Exhibition at the MNCCI, Ulaanbaatar on September 30 and October 01, 2014.
The two-day event will feature over 40 companies representing the best American goods and services and the exhibition is sponsored by leading firms such as Peabody Energy, GE, Wagner Asia Equipment LLC, as well as Fuji Altai LLC and Mongol TV.
Mongolia to Take Active Part in VIII Ministerial Conference of CD, States Foreign Minister L.Bold
September 26 (infomongolia.com) In the frameworks of participation in the 69th Session of the United Nations General Assembly (UNGA), the Minister for Foreign Affairs of Mongolia, Mr L.Bold attended the 14th high-level meeting of the Community of Democracies Governing Council held in New York on September 24, 2014.
Addressing the meeting, Minister L.Bold stated that Mongolia has been carrying out within the Community of Democracies, in particular, focused on Mongolia’s initiatives on adoption of UN resolution on education for democracy, the organization of an pertinent international workshop, and the Asia-Pacific regional cooperation.
Stating Mongolia will support a draft resolution on “Democracy and Development” initiated by El Salvador, the CD Chairman at the UNGA session, Minister L.Bold confirmed that Mongolia will take an active part in the VIII Ministerial Conference of the Community of Democracies to be hosted in San Salvador city in July 2015.
The VII Ministerial Conference of the Community of Democracies was successfully hosted by Mongolia in its capital city of Ulaanbaatar on April 27-29, 2013.
Health Minister Receives Project Proposal from Hungary
By B. Amarsaikhan
Ulaanbaatar, September 26 (MONTSAME) The Minister N.Udval received a Hungarian delegation on Thursday who proposed constructing a facility for Vascular Center at the Third State Clinic on concession contract.
To the guests--a director of Hungarian VMD Hospotal Technology Group Gapshar Marot, the company specialist Tamas Darvos and an executive director of Galk LLC Mesarosh Ishtvan--Ms Udval said this proposal has precisely coincided with her Ministry's intention to erect such centers, about which was talked over at a recent "Health sector economy and investment" conference, and promised to have the proposal discussed by the Government,"once it is supported, we will extendedly talk on further cooperation".
Mr Marot expressed a readiness to collaborate at any time. "Our group has performed constructions of medical facilities in many countries, and we considers that a hospital building must be in compliance with detailed requirements and hi tech standards, so before commencing the work we run research into a nation's tendencies and differences," he said.
The group has some 20-year experience in health market, mostly in marketing of medical equipment and consumer medications marketing. They provide customers with comprehensive services, including consulting, medical technology design, project planning, installation, commissioning, general management of project and operation, health fuel system, on-call nurse system, maintenance, supplying of medical equipment and funding.
"Petroleum Reserves to Cover 39-Day Needs"
By N. Khaliun
Ulaanbaatar, September 26 (MONTSAME) This will be sufficient if the consumption is routine, says the head of the Ministry of Mines.
The reserve of A-80 petroleum will cover 43 days, AI-92—37 days, diesel is enough for 33 days, and TC-1 –for 43 days, Mr D.Gankhuyag went on.
As the government decided on this September 18 to renew the reserves of imported oil products, "our Ministry has been working on reaching 83 thous.350 tons by March of 2015," he said. This amount is to satisfy 30-day consumption.
President Participates in High Level Discussion as General Repertoire
By B. Khuder
Ulaanbaatar, September 26 (MONTSAME) Within the 69th session of the UN General Assembly in the UN Headquarters in New York, the leader of Mongolia Ts.Elbegdorj took part in a high-level discussion on abolishing the capital punishment on Thursday.
The Deputy Secretary-General of the UN Mr Jan Kenneth Eliasson made the opening remarks, underlining an importance of a sustainable activity to terminate the death penalty across the world. Alongside the Mongolian President, the UN High Commissioner for Human Rights Mr Zeid Ra'ad Al Hussein and the PM of Italy Mr Matteo Renzi attended the discussion as the general repertoires.
The discussion also attracted Didier Burkhalter, the President of Switzerland; K.Shanmugam, Singapore's Minister of Foreign Affairs; Rui Machete, the Portuguese Minister of Foreign Affairs; Hans Brattskar, the State Secretary of Norway; and Laurent Fabius, the Foreign Minister of France, who shares views on the abolishing of the capital punishment.
The death penalty is an outdated punishment for the 21st century, Mr Zeid Ra'ad said and urged leaders of states to get rid of it. Some were emphasizing an importance of political leadership in making a decisive step by altering laws.
As of present, 160 countries have stopped using or have abolished the capital punishment. Some positive steps have been made in Equatorial Guinea, Pakistan, in some states of the USA, El Salvador, Gabon and Poland.
”Treasure of Country” Cultural Program
By B. Amarsaikhan
Ulaanbaatar, September 26 (MONTSAME) A draft regulation will be considered this September 29 by the Civil Hall on granting a "Treasure of the Country" state certificate.
It is part of the similarly-named program initiated by the President of Mongolia Ts. Elbegdorj.By this he wants to honor those who master unique and rare genres of the Mongolian intangible cultural heritage, to discover such gifted people, to help them train their disciples, and to provide with favorable conditions a continuous development and inheritance of intangible heritage.
Young Diplomats Trained
By B. Khuder
Ulaanbaatar, September 26 (MONTSAME) In frames of a governmental programme of Thailand, 15 young diplomats of Mongolia’s Ministry of Foreign Affairs were involved September 8-26 in a training dedicated to the regional organizations such as ASEAN and APEC.
On Friday, the trainees received the certificates. Within the programme, they were given lectures on functions and goals of the regional intergovernmental organizations, and had practical exercises such as holding negotiations, participating in debates and expressing positions and opinions.
Such professional training will run in future under specific directions and topics.
Speaker Participates in Monthly Meeting of AmCham Mongolia
By N. Khaliun
Ulaanbaatar, September 26 (MONTSAME) Parliament Speaker Z.Enkhbold Wednesday participated in a monthly meeting organized by AmCham Mongolia.
Opening remarks were given by Mr Kirk McBride, Deputy Chief of Mission of the U.S. Embassy in Ulaanbaatar, and by a Chairman of AmCham’s Board of Directors Jackson Cox, who noted that the autumn session of the State Great Khural will discuss many important bills related to foreign investors. The Speaker gave an overview of the legislative priorities of this session and ways to forge partnership with American, and other “Third neighbor” companies to encourage investing Mongolia. He also stressed an importance of the issues to be discussed by the autumn session and named several crucial bill such as a draft resolution of parliament on some measures for ensuring the implementation of state policy on railway transportation; an issue of discharging some members of the cabinet; a draft resolution of parliament on the general law of Mongolia; a draft law on crime; bill on financing of political parties; a draft amendment to the law on the rule of maintaining the law on banning mineral exploration and exploitation near water sources, forests and protected areas; and others.
He also gave information about the projects “Silk road” and “Steppe Road” and highlighted the position of parliament over these matters. He said the visits of the President of Russia Vladimir Putin and President of China XI Jinping played an important role in enhancing trade and economic cooperation, and then answered some questions.
The American Chamber of Commerce (AmCham) in Mongolia is an independent membership-driven organization that seeks to build, strengthen, and protect business between the United States and Mongolia and to actively promote Mongolia as a destination for American investment. AmCham Mongolia is accredited by the U.S. Chamber of Commerce as its official affiliate in Mongolia. Based in Washington, DC, the U.S. Chamber of Commerce is the largest business federation in the world with over 3 million member-companies. AmChams have been established in over 100 countries.
French-Mongolian Economic Forum Takes Place
By B. Amarsaikhan
Ulaanbaatar, September 26 (MONTSAME) A second Mongolian-France economic is running these days at Blue Sky hotel themed "Cooperation in energy sector".
Taken part by high-class French and Mongolian companies, the forum is discussing four main topics such as "Energy policies and current status of the sector", "Investment in energy sector, energy capacity of Mongolia: Traditional and ecofriendly energy", "New resource of energy, extraction of liquid and gas fuel from coal" and "Efficient use and reserves of energy; Smart network and Smart cities".
A host of the event--French-Mongolian Chamber of Commerce (FMCC), established in 2007, has now 50 member-companies such as French Air Liquid Ltd., AREVA, GDF Suez, Schneider Electric Corp., Mongolian “Erdenes Mongol” state-owned company, “Tavan Tolgoi” LLC, MAK Corporation.
The Ambassador Extraordinary and Plenipotentiary of France to Mongolia addressed the forum, noting that France is the fifth largest economy in the world with highly developed industry of satellites and missile production. France is eager to share with Mongolia its experiences in exploiting both nuclear and renewable energies, he stressed.
Mongolian Basketball Player Nominated as MVP
By B. Amarsaikhan
Ulaanbaatar, September 26 (MONTSAME) The Mongolian basketball player T.Sanchir has been nominated as the Most valuable player (MVP) at the Asian Games–Incheon 2014.
Mongolian team’s tremendous development shown at this year’s Asian Games surprised many basketball players all around the world. It had close match with S.Korean and Chinese teams, and defeated Jordan’s team.
On the fifth day of basketball tournament, our Sanchir became one among three best forwards of the games, bringing 21.4 points to his team in every match. He also leads the list of best cutters, having cut 34 attacks in five matches.
“Khuden” to open the Ulaanbaatar International Film Festival
September 26 (news.mn) Ulaanbaatar International Film Festival is taking place from October 8-12th. The Ministry of Culture, Sport and Tourism is organizing the festival in collaboration with Arts Council of Mongolia and Mongolia's Film Council.
The Ulaanbaatar International Film Festival will be attended by filmmakers from more than 10 countries in Asia and Europe, as well as Mongolia and the USA.
Traditionally, a film by a Mongolian director opens the festival. This year the drama “Khuden”, by Mongolian director B.Tavanbayar, will be screened on the first day of the film festival.
UB now home to 26,000 more private vehicles
September 26 (news.mn) According to an official report issued by the Ulaanbaatar City Statistics Office, city registered car usage in Ulaanbaatar has risen 16.5 percent in the past three years.
According to annual increases, city registered car usage was 28.9 percent in 2011, but in 2012, it fell to 9.1 percent. In 2013 a total of 257.5 thousand cars were involved in state vehicle inspections, an increase of 28.5 thousand compared to 2012, and 46.8 thousand from 2011.
Only 66.9 percent of all vehicles were covered by state vehicle inspections across the country.
According to the 2013 results of state vehicle inspections, 71.6 percent of all inspected vehicles were private passenger cars.
This data suggests that 7 out of every 10 vehicles is a private car, and almost 85 percent of private cars are registered by individuals and civilians. The rapid growth of private car use in the city contributes to increasing traffic congestion.
The report also indicates that 4.4 percent of the vehicles are Honda models, 9.5 percent Nissan, 15.2 percent Hyundai, 51.9 percent are Toyotas, and the remaining 15 percent are vehicles from other manufacturers. A total of 723 vehicles were registered by foreign residents.
Parliamentary Office Pays Tribute to Seniors
By B. Khuder
Ulaanbaatar, September 26 (MONTSAME) On occasion of the National Day of Elders, the Speaker of parliament Z.Enkhbold together with authorities of the Parliamentary Office received Friday retired parliamentarians and members of the State Conference.
The guests were paid respect and invited to a reception. They were 40 of 57 who retired from the Parliamentary Office, the People’s Khural, the State Conference and the State Great Khural (parliament). A head of the Seniors’ committee at the Parliamentary Office Sh.Rinchin spoke about difficulties the elders are facing, for example, health issues. He suggested improving for elders a legal environment, approving the law on health insurance, and assisting those undergoing costly medical treatment.
The Speaker said parliament intends to adopt the law on health insurance before the Lunar New Year of 2015. "The health insurance for elders and children are paid by the state, but the money for their insurance is small, therefore some concrete clauses will be reflected in the new law in order to change this situation," Enkhbold explained.
Women Basketball Team Defeats Kazakhstan
Ulaanbaatar, September 26 (MONTSAME) At the 17th Asian Games running in Incheon, our national women team for basketball beat the Kazakhstan (79:53) at its second match on Thursday.
This is the third game for the team. They had played with Hong Kong and were defeated by 64:68. In the second match on Wednesday, they got a technical win against Qatar.
At the match with Kazakhstan, an international master of sports D.Ganzul brought 34 points alone for the team. Thanks to achieving two wins, our women are currently leading the qualifying round with five points. Now this team will play with Nepal on Saturday.
The team is coached by B.Manduul, a chairman of the professional council of Mongolia’s Basketball Association. A teacher of the Mongolian State University of Education D.Enebish works as an assistant coach.
Medical equipment from Shastin Hospital on display
September 26 (news.mn) This year marks the 60th anniversary of State Central Hospital III in Mongolia, named after the Russian doctor Pavel Nikolaevich Shastin. For the celebration of the anniversary, a historical photo exhibition and clinical equipment once used in the hospital went on display.
State Central Hospital III opened to the public in 1954 with two surgical wards, each with 50 beds, and an ear, nose and throat ward with 15 beds.
One of the first medical specialists invited to Mongolia from the former Soviet Union, Shastin founded the European hospital in Mongolia in 1923.
A ceremonial meeting on the occasion of the 60th anniversary of P.N.Shastin was also held. Former and current medical specialists, nurses and staff of the hospital attended the meeting.
For the celebration of the 60th anniversary of the hospital, a grandchild of P.N.Shastin, surgeon Nicoloi Pavlovich Shastin of the City Clinical Hospital for Children named after N.F. Filatov, came to Mongolia with his son.
National program for protection of Mazaalai adopted
September 26 (news.mn) The Ministry of Environment and Green Development has adopted a national program for the protection of Mazaalai, the Gobi Bear.
Mazaalai is found in no other place in the world outside of Mongolia. The national program for the protection of Mazaalai is designed to improve Mazaalai habitat, to increase their numbers by conducting an artificial breeding program, and protecting its current population.
In the scope of the national program, a series of measures will be taken to provide more sources of drinking water for the Mazaalai in their desert habitat. The planting of natural food sources for Mazaalai will be in operational in September.
Men Basketball Team Makes First Game in Quarterfinal Round
By B. Khuder
Ulaanbaatar, September 26 (MONTSAME) After being qualified from the preliminary round, the men basketball team of Mongolia made Friday its first match against China, at Incheon-2014 Asian Games.
In the “G” group Mongolia was seeded together with China, Iran and Japan. In the first match, Mongolia lost to China 108:67. According to the schedule, our next matches will take place Saturday and Sunday.
Discussion runs on determination of local governance tendencies
By B. Amarsaikhan
Ulaanbaatar, September 26 (MONTSAME) A "Correct determination of tendencies in local governance" discussion is running at the Grand Hall of the State House on September 26.
The event has been co-organized by the parliamentary Standing committee on state structure and a “Union of local governance of Mongolia" on the occasion of the latter’s 20th anniversary.
A head of this union and MP Su.Batbold addressed the gathered. He said their union has been working thoroughly pursuant to the desires of the locals, not following any political party’s discipline, with a sole purpose of naturalizing self-governance. He also thanked the union members for their countless commitments for achieving the goal.
The participants were some 100 members of the union from all 21 aimags of Mongolia. The union was created to develop and consolidate localities' governance in frames of Constitution, to secure common rights and interests of the communities, to improve their cooperation, and to advertize their achievements.
"Monetary and financial relations of Mongolia and China" forum to run
By N. Khaliun
Ulaanbaatar, September 26 (MONTSAME) The first forum themed as such will be held September 30 at the Ministry of Foreign Affairs of Mongolia.
It will be co-organized by The Mongolian Academy of Sciences, the Institute for International studies and the Chinese Central University of Finance and Economics.
The participants are to discuss a wide range of issues such as the monetary and financial relations of Mongolia and China, a current economic situation in both countries, a reform in System of International Reserves, an internationalization of the Yuan, an implementation of monetary policy in Mongolia, a macro level dynamics of China’s stock market.
“Accountability, assessment and implementation” E-conference held
By B. Amarsaikhan
Ulaanbaatar, September 26 (MONTSAME) The Prime Minister N.Altankhuyag gave some directions and obligations to the leaders of Ministries and agencies on certain issues at the above-named monthly online meeting on Friday.
The draft 2015 budget was discussed at the cabinet meeting on Thursday and the budget proposals per package were rounded off, and these are will be presented to parliament soon, he said. Operational expenses have been cut off by the highest possible amount, and an initiative of allowing local administrations with budget authorities will be submitted, according to the Prime minister. The Premier noted that this year’s budget draft is distinctive as it offers rights to the local administrations to decide their expenditures such as budgets for building schools and kindergartens. By reducing the expenses of ministries, and transferring some amount to the localities, operational expenses were cut off, he added and reminded the ministries and agencies to coordinate their activities with localities.
At the cabinet meeting on Thursday, the State Secretary of the Ministry of Energy D.Delgertsogt took some measures prior to his resignation from the office, and the reason of this measure was due to the state secretary’s irresponsible operation of stripping down the newly built road of Airport and beginning of construction of pipes, the Premier said. He strictly warned the leaders at the conference not to repeat his mistake. The Government’s next session will discuss matters on uniting some ministries and agencies because of their inconsistency of activities, he said.
Stock exchange news for September 26
By B. Khuder
Ulaanbaatar, September 26 (MONTSAME) At the Stock Exchange trades on Friday, a total of 9,417 shares of 11 JSCs were traded costing MNT four million 055 thousand and 059.00.
"Genco tour bureau” /7,929 units/, “Merex” /400 units/, “Moninjbar” /331/, “Tavantolgoi” /276 units/ and "APU” /250 units/ were the most actively traded in terms of trading volume, in terms of trading value were "Tavantolgoi” (MNT one million 433 thousand and 390), "APU” (MNT 917 thousand and 200), “Genco tour bureau” (MNT 642 thousand and 249), "Sharyn gol” (MNT 286 thousand) and "Mogoin gol” (MNT220 thousand).
The total market capitalization was set at MNT one trillion 560 billion 849 million 218 thousand and 863. The Index of Top-20 JSCs was 15,820.69, decreasing 82.03 units or 0.52% against the previous day.
Our boxers gain first wins in Asian Games
By B. Khuder
Ulaanbaatar, September 26 (MONTSAME) Boxers of the national team have started fights in the 17th Asian Games in Incheon of South Korea.
International master of sports B.Chinzorig defeated first rival, from the Philippines, in the 67 kg weight category contest on Friday. In the next bout on Sunday he will fight with a Malaysian.
The same day, a State Honored Sportsman and Olympic silver medallist N.Togstsogt beat Yakub Meredov from Turkmenistan in the 56 kg division. In the quarterfinals, he will fight with a S.Korean Ham Sang-myeong on September 30.
The Asian Games’ boxing events are participated by 216 male and female boxers from 34 states. Mongolia is represented by 13 boxers.
Grant recipients launch contemporary arts exhibition here
By B. Khuder
Ulaanbaatar, September 26 (MONTSAME) FormLAB, a multi-country exhibition series founded and led but artist Les Joynes (USA) has launched in Mongolian Zanabazar Museum of Fine Arts, the US Embassy website reported Friday.
Dr Les Joynes worked with artist/designer Hagen Betzwieser (Germany), contemporary artists from Blue Sun, Human Nature Love Freedom, Mongolian contrabass /horsehead fiddle musician, and renowned Mongolian contemporary dancer Enkhgerel - each considered as pioneers of contemporary art, music and dance in Mongolia - have exhibited and/or performed together creating wonderful collaborative cultural exchange. This program was made to happen through partial funding from U.S. Embassy Ulaanbaatar Local Grants’ Program.
FormLAB is also simultaneously exhibiting with Human Nature Love Freedom at Gallery 976, contemporary art gallery in Ulaanbaatar, in conjunction with the launch of preparing Mongolia’s participation in the 56th International Art Exhibition - La Biennnale di Venezia.