Mongolia Brief February 4, 2015 Part III
D.Enkhee,
International Master won silver medal from "Winter World Masters
Game"
By B. Khuder
February 4
(gogo.mn) Mongolian athletes have showed successful result at "Winter
World Masters Game" hosted by Quebec city specially, in marathon skating
category. At the first day, Mongolian marathon skating athletes received six
medals.
D.Enkhee,
International Master and National Champion of skating won silver
medal. 27th National Champion of skating, International Master
L.Altantsetseg received two gold medals in 500m and 1500m while 15th
National Champion, International Master N.Erdenetuya won two bronze medals and
D.Sanchirbileg, International Master won gold medal in 500m, bronze medal in
1500m.
Besides,
D.Ochirsukh, International Master ranked at 5th and Ch.Gantumur, International
Master ranked at 9th
This year,
about 3000 athletes from 22 countries are competing at the "Winter
World Masters Game".
Related:
Seniors
Athletes Win More Medals in WWMG – Montsame,
February 4
Volleyball
Team Has Training in Beijing
By B. Khuder
Ulaanbaatar,
February 4 (MONTSAME) The Mongolian national men volleyball team has started a
joint training in Beijing of China.
Prior to this,
the team had an intensive training from January 15 to February 2 in Darkhan-Uul
province. The Beijing training will continue until this Friday, focusing mainly
on the East Asian Championship for Men Volleyball that will take place May
10-16 in our Ulaanbaatar.
The Mongolian
men volleyball team has A.Monkhbayar (captain), E.Saikhanbaatar (vice-captain),
E.Saikhanbileg, D.Bilguun, E.Bolor-Erdene, M.Tserenbaatar, A.Davaajargal,
M.Myagmarsuren, A.Tuvshintogoldor, T.Batbayar, E.Altangerel, G.Gan-Ochir,
B.Boldbaatar, M.Osokhbayar, M.Ganbileg, B.Ankhbayar, B.Khosbayar,
B.Uugantseren, B.Bat-Erdene and Ch.Battogs. They are managed by Ts.Odkhuu and
coached by Shuto Koichi.
Draft
of Casino Law submitted to Parliament
February 4
(news.mn) A draft of the Casino Law has been created to coordinate the
activities of casinos and in order to determine monitoring mechanisms and
regulations by the state.
The current
draft reflects terms for enterprises conducting gambling activity, regulations
for license holders, and coordination of casino activity and state
monitoring.
Mongolia has
been listed 99 among 140 countries according to tourism development, and 19
among 25 countries in the Asia-Pacific region. In 2013, almost 417,000
tourists traveled to Mongolia, and the revenue of the sector has reached 263
million USD, making up 5.29 percent of the nation's GDP.
By resolving
barriers creating limitations for the development of the tourism sector in
Mongolia, and by improving the capability to compete in the international
arena, a goal has been set to generate 14 percent of GDP from tourism revenue by
2020.
In order to
intensify the development of this sector and increase the currency flow,
industry analysts say that it is necessary to start casino activity in
Mongolia, and to continue its development.
Businesses
called on to write address in Mongolian ancient script
February 4
(news.mn) A project to begin to write addresses and advertisements in Mongolian
has been initiated by Ulaanbaatar's General Planning Authority, in accordance
with Decree №37, “Measures to Improve the Knowledge of Mongolian Language”, and
Regulation №A/428, “Implementation of the Intelligent Ulaanbaatar Program”,
approved by the Governor of Ulaanbaatar.
Article 5 of
the decree stipulates, “Governors at all levels have been assigned to write
addresses and advertisements of all organizations from the private sector in
Mongolian and Cyrillic.”
As reported by
the Architecture and Design Department of the General Planning Agency of the
capital, “Within the framework of the project, we are aiming to create a brand
name for Ulaanbaatar, which concerns the design of buildings, color of
clothes, names of streets, and more."
USD
exchange rate still on the rise
February 4
(news.mn) Commercial banks are offering USD exchange rates at 1,953 MNT.
However, rates at Naiman Sharga currency exchange market are 1,949 MNT. The
official USD exchange rate of Mongol Bank is 1,950 MNT.
Analysts say that
due to the 74 percent decrease in foreign investment and decreased revenue from
mineral resources, the inflow of USD to the domestic market has dramatically
decline. Economists warn that if appropriate measures are not taken to
increase the inflow of USD to the domestic market, the USD exchange rate will
reach 2,500 MNT.
Parliament
reviews visa challenges at free trade zones
February 4
(news.mn) A number of draft laws were discussed at yesterday’s Parliament
session and meeting of the Legal Committee regarding the legal status of
foreign citizens, state registration of individuals and businesses, and the law
on border ports. It was decided that proposals on the draft laws would be
delivered to the Economic Standing Committee.
A key issue up
for discussion was 30-day visas for foreign citizens becoming a barrier for
conducting business, and those visas have to be extended repeatedly.
In the case of
an investor from Russia looking to build a factory, 30 days is not enough time
to carry out projects. The investor will have to extend their visa
several times. Which complicates business and leads to
disputes.
As stated by
Minister of Industry D.Erdenebat, as stipulated in the regulation of free trade
zones, "An investor has the right to freely enter and exit the free trade
zone. If we will limit the visa to only 30 days, it will be very
difficult to build up industry.” He added, “The investor should not become a
permanent resident.”
Member of
Parliament Ts.Oyunbaatar mentioned, “The visa status for travelers who are
going to permanently work at the free trade zone should be different, and also
for travelers who are coming for temporary commercial purposes.” He stressed
that these visas should not be similar, and the limitations of visas issued for
30 days will create critics.
According to an
explanation from the Head of the Immigration Agency, "In the first stage
of negotiations with China and Russia, it was agreed that travel without a visa
would be valid for 30 days, so we have to pursue international travelling
rights.”
In the case
that a foreign citizen is going to be in charge of business at a free trade
zone, that individual should follow international travel procedure approved
through bilateral agreements. On an annual basis, almost 1.2 millions foreign
citizens visit Mongolia, of which almost 50,000 travel with 30-day visas.
ADB
to grant a concessional loan of $25 million
By B.
Erdenechimeg
(gogo.mn) (Feb,
04) Today, joint meeting between Budget Standing Committee and Economic
Standing Committee was held and supported to loan worth of $25 million from
Asian Development Bank (ADB). Further, it will be discussed by Plenary Session
of Parliament.
The
concessional loan of $25 million will be paid back within the 25 years and
annual 2% interest.
The
concessional loan will be funded to purchase practice equipments for
students of technical and vocational education and training (TVET).
Therefore, MP
S.Ganbaatar said: "I agree that the loan will be invested to education
sector. However, I want to know how much percent of the loan will be spent on
equipments due to most of costs are paid to foreign consultants. Moreover,
equipments with worth of MNT 30 million are purchased with MNT 300
million."
In response,
S.Chinzorig, the Minister of Labour said: "73% of total loan to purchase
equipment, 3% to consulting service and 24% to operating service."
Standing
committee meeting had attendance of 22 members out of 35 and 100% voted to
support.
Oyutolgoi
will produce 175.000-195.000 tonnes of copper
By B. Chimeg
February 4
(gogo.mn) This year, Oyutolgoi (OT) will produce 175.000-195.000 tonnes of
copper and 600,000 -700,000 ounces of gold in 2015.
Last year, OT
produced 148,400 tonnes of copper and 589,000 ounces of
gold.
In 2014, OT`s
marketing and logistic operations had improved besides sales was regular at 4th
quarter in result, concentrate storage had reached its appropriate norm.
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