Mongolia Brief December 24, 2014 Part IV
Mongolia
to Celebrate Insurance Day Annually on November 24th
December 24
(infomongolia.com) In 2010, the Government of Mongolia issued an Ordinance
No.172 that cites, “Regulation to celebrate anniversaries of historical events,
bestowing honored individuals and perpetuate its memories”.
In conjunction,
at the Cabinet meeting held on December 22, 2014, it was agreed to add an
enactment in this regulation, citing “To celebrate an Insurance Day annually on
November 24th”.
So from now on,
Mongolians, in particularly independent entities in financial sector and
developing commercial insurance industry will have its own official holiday to
celebrate annually on November 24th.
The base of
Mongolia’s first state-run insurance entity “Mongol Daatgal” was founded in
1934 and later the industry was privatized in 2003.
Minister
receives Russian Ambassador
By B.
Amarsaikhan
Ulaanbaatar,
December 24 (MONTSAME) The Minister of Energy D.Zorigt received on December 24
the Russian Ambassador to Mongolia Mr I.K.Azizov.
The sides
discussed the Mongolia-Russia cooperation in energy sector. The Minister said
the last two years have been a success for the two countries relations, and
that a working visit of the Russian President V.Putin and signing of the
Agreement on Strategic Partnership in September revived the bilateral
cooperation. Pilot commissioning commenced on the recent extension of the
Fourth Thermal Station, built in 1983 with a non-refundable aid from that times
USSR government, and the project has been co-realized by Russian Ural Turbine
Plant, he said.
Sustainable
trades of energy and power are running between the two countries, he went on.
In order to upgrade the relations in the energy sphere, the sides should
discuss about constructing aero-transit power grids to exchange power between
Mongolia, Russia and China in a scope of “Steppe Road” project; Russia’s
support to the Water Power Stations’ projects in Mongolia; put mutual efforts
to implement works reflected in “Road designs”, adopted November 27 of 2013
during the 17th meeting of Intergovernmental Committee; and exchange opinions
on the issue of “Energy Club”, which was outlined in the MoU signed December 6
of 2013 in Moscow.
The Ambassador
congratulated D.Zorigt for being appointed the Minister and wished him success
in his works. He also promised to put all possible efforts to boost the energy
cooperation and to pursue immediately the matters suggested by the Minister.
S.Korean
Ambassador received by Energy Minister
By B.
Amarsaikhan
Ulaanbaatar,
December 24 (MONTSAME) The Minister of Energy D.Zorigt met with the Ambassador
of the Republic of Korea to Mongolia Mr Lee Tae-ru on December 24 in order to
discuss with him a bilateral cooperation in energy sector on anticipation of
the 25th anniversary of diplomatic relations of the two countries.
The Minister
said that a Comprehensive Partnership was established in 2011, that South Korea
is the fourth biggest partner of Mongolia in trade, and that the ties are based
on complementary and development-targeted principles. He expressed a
satisfaction with the expanding cooperation in energy and with the organization
of a forum themed “Energy Cooperation of Mongolia and S.Korea” which took place
December 10.
Current actions
running between Mongolia and S.Korea are the negotiations on the agreement with
S.Korea’s POSCO Energy, the bid winner to implement project on constructing
fifth power source of Ulaanbaatar; a successful participation of POSCO Energy
in the bid to select the contractor for construction of Power Station at Tavan
Tolgoi deposit; the signing of MoU of KEPCO with the Center for Energy
Development on cooperation in the Renovation of the Second Thermal Plant
Project; a joint researches by KEEI (Korea Energy Economics Institute) and
Korgaz Inc. with the Center for Energy Development and the Mongolian Energy and
Economics Institute in scope of an MoU on cooperation.
Mr Zorigt
mentioned a successful implementation of Dalanzadgad Thermal Station project,
realized with the financing from KOICA and the S.Korean Ex-Im Bank in
1997-2002, and a great effort by KOICA on training of young cadres of
Mongolia’s energy sector.
About the
multilateral cooperation, Mongolia has shown its rooting for the candidature of
the Republic of Korea to the International Gas Union presidency election took
place in October this year, added the Minister.
Suggestions in
light of the further development of energy cooperation were made by the
Minister to the Ambassador Mr Lee as follows: to determine an adequate
mechanism of bilateral cooperation, mentioning that the Intergovernmental
Sub-Committee on Energy relations have held 11 meeting in 1992-2011; to focus
on attracting large companies on the project of Water Power Station Project at
the rivers of Eg and Shuren; and to cooperate on resolving the problems of
heating faced in the remote communities of Mongolia.
The Ambassador
congratulated the Minister for being appointed the new office and wished a
success in his works. He promised to pursue these suggestions immediately and
to put all efforts that can be put by him.
Stock
Exchange news for December 24
By B. Khuder
Ulaanbaatar,
December 24 (MONTSAME) At the Stock Exchange trades on Wednesday, a total of
six million 498 thousand and 829 thousand units of 20 JSCs were traded costing
MNT one billion 144 million 267 thousand and 940.
"E-trans
logistics” /six million 294 thousand and 580 units/, “Asia Pacific Properties”
/175 thousand and 260 units/, “Tavantolgoi” /16 thousand and 237 units/,
“Merex” /10 thousand units/ and "Khokh gan” /800 units/ were the most
actively traded in terms of trading volume, in terms of trading value were
"E-trans logistics” (MNT 629 million and 458 thousand), "Asia Pacific
Properties” (MNT 432 million 892 thousand and 200), “Tavantolgoi” (MNT 69
million 842 thousand and 685), “Talkh chikher” (MNT three million and 441
thousand) and "Material impex” (MNT three million).
The total
market capitalization was set at MNT one trillion 423 billion 713 million 054
thousand and 654. The Index of Top-20 JSCs was 14,686.21, increasing 202.52
units or 1.40% against the previous day.
Khan
Bank Foundation brings New Year gifts to children
December 24
(Khan Bank) While New Year is drawing nearer, Khan Bank Foundation is
delivering hearth warming gifts to the pupils of the Special School No. 116 for
the Blind and Visually Impaired and the children staying at National Cancer
Research Center and Division of Burn in National Trauma and Orthopedic Research
Center.
On 17 December,
Khan Bank Foundation representatives visited the Special School No. 116 during
its New Year celebration and handed out gifts to 94 children. The bright little
pupils brought hope, dream, happiness and proud to their teachers and parents,
and filled the event with laughter and music.
The School No.
116 of Ulaanbaatar is the only school in Mongolia designated for blind and
visually impaired children from UB and rural area. This year 94 pupils are
studying in the 1st to 10th grade. According to the teachers, understanding,
encouraging and supporting these pupils are most important things that we can
do.
The Specific
School differentiates from regular schools in many fields as it strives to
support visually impaired children in adapting to the society. For instance,
the school has nursing teachers in the dormitory for the pupils coming from the
rural area. Unfortunately, due to tight budget, it is struggling to hire only 1
nursing teacher for 30 pupils. Moreover, all teachers must pay close attention
and cares to each pupil.
There are many
people despite their visual impairment making great contribution to the
society. One of them is B.Enkhmandakh, Chairperson of “Intelligent Center” that
supports development and education of visually impaired children, and he
organized this event together with Khan Bank Foundation. B.Enkhmandakh
graduated from the School no. 116 in 2007 and studied medical science in
Japan.
Every child has
a right to study, and learning gives them wings to fly toward their dreams. We
wish the happiest and brightest future to these children.
Hope that every
child’s hearth is filled with happiness!
Ts.Sukhbat
wins bronze medal in WYDC
By B. Khuder
Ulaanbaatar,
December 24 (MONTSAME) A master of sports Ts.Sukhbat grabbed a bronze medal at
the 2014 World Youth Draughts Championship which ran December 16-23 in Dabki
city, Poland. Mongolia was represented by nine players.
Mr Sukhbat
competed in the junior boys’ division, and achieved this medal, with 12 points
(five wins, two draws and two loses). On his final game, he defeated a Russian
Sergei Yakovlev. In this division. which ran among 28 players, a Lithuanian
Artur Tunkevic won the gold medal, the silver went to a Dutch Martijn Van
Ijzendoorn.
This year’s
events brought together 106 players from 14 countries. As the final results,
the national team of Russia won the competition with one gold, one silver and
one bronze medals. Mongolia and China grabbed one bronze each.
T.Sanchir
becomes top basketball player
By B. Khuder
Ulaanbaatar,
December 24 (MONTSAME) A member of the national basketball team of Mongolia
T.Sanchir has been named the top basketball player of Mongolia for this year.
On occasion of
the New Year celebration, the National Basketball Association of Mongolia
announced it on Tuesday. The national basketball team took the eighth place in
the Incheon 2014 Asian Games. T.Sanchir was selected as one of the best eight
Asian players. He is currently playing for the “Madimos shonkhoruud” team at
the Mongolian basketball league in the 2014-2015 seasons. His team now has
three wins and three loses out of six games.
The national
men and women basketball teams and the ice hockey team have been nominated for
the "Borte Chono" trophy. Top athletes and teams will be selected on
Thursday.
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