Mongolia Brief January 14, 2015
Constitution
authors hold their first assembly
By B.
Amarsaikhan
Ulaanbaatar,
January 14 (MONTSAME) In a scope of marking of the 23rd anniversary of the
Constitution, the first assembly of the Association of Constitution Authors was
held in the Great Chamber of the State House on January 13. Today, out of the
430 deputies of the People’s Great Khural of 1992, 289 constitution authors are
alive and well.
President of
the association D.Moondoi delivered the opening remarks. He said that the
then-deputies of the People’s Great Khural adopted a “brand new” democratic
constitution 23 years ago, that legalized a political democracy, honored the
human rights, declared market economy with state regulations, accepted
pluralism, and acclaimed parliamentary governance, a system with appropriate
power distribution, a non-federal and sovereign state system where
administrative units are partially and publicly self-governed, and a
constitutional court monitoring.
“Over 900
thousand citizens have actively participated in the discussion of the
constitution draft. Opinions and suggestions of 415428 people were sounded, of
which 5177 (double counted) recommendations has been submitted. Ten working
groups of 90, consisting of managers, distinguished scholars and professionals,
in charge of reviews over the recommendations and reflecting them to the draft
had operated.” Therefore, this constitution is as well an intellectual work of
all Mongolian people, he added.
Mr Moondoi
congratulated the fellow constitution authors, and thanked the Speaker
Z.Enkhbold for resolving to establish the order of B.Chimid, the State Honored
Lawyer.
The assembly
was chaired by D.Mandakh, the executive director of the association, and
continued with the speeches of the deputies.
Present at the
event were the first president of Mongolia P.Ochirbat, the vice-chairmen of the
State Great Khural R.Gonchigdorj and L.Tsog, along with D.Demberel and
N.Batbayar MPs.
Winners
of 2015 Traditional Wrestling Competition Dedicated to Constitution Day of
Mongolia
January 14
(infomongolia.com) Celebrating the 23rd anniversary of the new Constitution of
Mongolia, the Traditional Wrestling Competition dedicated to the Constitution
Day was organized by Secretariat of the State Great Khural (Parliament) in the
Wrestling Palace, Ulaanbaatar on January 13, 2015.
This year’s
competition brought a total of 224 wrestlers with State and Aimag titles, which
has been organized since 1992.
In the final
round of the 2015 Traditional Wrestling Competition dedicated to the
Constitution Day, State Elephant (Ulsyn Zaan) D.Baasandorj and State Hawk
(Ulsyn Khartsaga) E.Oyunbold were left, where a resident of Buregkhangai Sum of
Bulgan Aimag, D.Baasandorj won over E.Oyunbold, resident of Umnudelger Sum of
Khentii Aimag.
Related:
Wrestling
tournament for Constitution anniversary completed –Montsame, January 14
Presidential
Trophy Handed
By B.
Amarsaikhan
Ulaanbaatar,
January 14 (MONTSAME) Under the auspices of President of Mongolia, a
traditional wrestling competition among top 128 wrestlers dedicated to the
103rd Anniversary of Restoring the National Freedom and Independence of
Mongolia was held on December 29, 2014, and resident of Baruunturuun Soum of
Uvs Aimag, State Champion S.Munkhbat won the competition receiving the
Presidential Trophy for the second time.
Chief of Staff
of the Office of the President P.Tsagaan handed Tuesday the special version of
the President’s Trophy for lifetime owning to State Champion S.Munkhbat and
congratulated.
Working
group set up
By B. Khuder
Ulaanbaatar,
January 14 (MONTSAME) At its regular meeting on Monday, the cabinet made a
decision to set up a working group with responsibilities for studying a chance
to make protected areas near Bogd Khaan Mountain places in special purposes.
The working
group aims to slacken centralization of population by creating new residential
areas which resolved socio-economic, urban development and ecological issues in
Ulaanbaatar city and Tov province, and to improve a living condition for
people.
Head of the
Cabinet Secretariat for Government S.Bayartsogt will chair the working group
that will calculate the size of compensations to citizens or legal subjects in
case of changing and taking places owned by them, to estimate the cost of
building the economic infrastructure in new residential areas, and amend the
related legal documents on these matters. He was obliged to present to the
cabinet specific proposals and conclusions in January 30, 2015.
Energy
Minister meets Ambassador of France
By B. Khuder
Ulaanbaatar,
January 14 (MONTSAME) The Minister of Energy D.Zorigt Tuesday received Mr Yves
Delaunay, the Ambassador Extraordinary and Plenipotentiary of France to
Mongolia.
Expressing
thanks to the Minister for an audience, Mr Delaunay noted many works are going
on for celebrating the 50th anniversary of the Mongolia-France diplomatic
relations to be marked on April 27 this year, and mentioned that delegates of
French biggest energy companies participated in the second bilateral economic
forum held last September in Ulaanbaatar. The Ambassador invited the Minister
to take part in the 3rd business forum to be held in February in France.
In response, Mr
Zorigt said that the GDF-Suez French company has been selected to construct the
#5 thermal power station of Ulaanbaatar city, and hoped a project on the power
plant construction will be implemented successfully. He added the GDF-Suez
company also has been working at a consortium to build the Tavantolgoi power
plant of 450MWT and the Eg River’s hydropower station.
Underlining an
importance of making great efforts to forward the bilateral cooperation in the
energy sector and to bring it into a new volume, the Minister said Mongolia
intends to learn an opportunity to involve engineering and technical experts in
long-, middle- and short-term training in France with fellowships, to attract
French state-run and private companies in new projects and programmes and to
collaborate in introducing low-cost, effective and the latest renewable energy
technologies in Mongolia.
The Ambassador
accepted the proposals of the Minister, and promised to realize them.
FRC
receives financial sector representatives
By B.
Amarsaikhan
Ulaanbaatar, January
14 (MONTSAME) Newly appointed director of the Financial Regulatory Committee Ms
Z.Narantuya received Tuesday the representatives of professional unions for an
open discussion.
Representatives
of the Union of Mongolian Stock Exchange Traders, the Union of Agricultural
Exchange Brokers, the Union of Mongolian Non-Bank Financial Institutions and
the Union of Mongolian Insurance Procurers met the FRC director and discussed
about the sector’s legal and market environments, obstacles faced by
businessmen and entrepreneurs imposed by state actions, and about the future
trends of the financial sector of Mongolia.
As the main
problems for the businessmen from this sector, the representatives named the
increased number of unnecessary regulations and permissions, audits and
monitoring processes that waste too much of their time and money.
For instance, a
recent change into the related law that obligated the SX traders to have
authorized capital of MNT 500 million has been an ill-timed decision in these
times of economic decline, said the financial professionals. They also
requested the FRC director to take a step towards alleviating this decision or
to enforce the regulation step-by-step.
Insurance
professionals mentioned about the need to adequately monitor the implementation
of driver’s accountability insurances. Drivers tend to perceive the insurance
only as a source of indemnity, thus departing from the key objective of this
kind of insurance that is to tighten traffic safety and to reduce car
accidents.
After being
sounded with the opinions, the FRC director Ms Narantuya promised to put her
efforts to reduce the number regulations and requirements for unnecessary
permissions, and to reflect their recommendations into the draft laws to be
discussed in the near future.
Doctors
and teachers to demonstrate again
January 14
(news.mn) Doctors and teachers announced that they will be holding the next
round of demonstrations on Friday, since the government has shown no positive
response to their concerns about wages and proposed budget cuts.
The Government
of Mongolia announced that it would not be increasing salaries, pensions, or
social welfare allowances in 2015, and cutting 905 billion MNT from the budget
in efforts to revive its flagging economy.
Moreover, the
government has argued in favor for cutting monthly allowances for mothers,
children, and students, and even the free allowances for recipients of the
Mongolian Mother's Glory Order 1st and 2nd class.
But doctors and
teachers are demanding pay increases are they are under rising pressure in
their workplaces, and that the cuts are ill-timed.
Doctors and
teachers gathered last week in a demonstration demanding pay increases of up to
60 percent, not 10, 20, or 30 percent, at Chinggis Khaan's Square.
They demanded
pay increases, holding signs that read: We are not debt payers. The government
should start the cuts with itself. We want to live a good life in our home
country.
The
demonstrators delivered their demand to Parliament and the government. But
there was no positive response to the demand, so Chair of the Trade Union of
Medical Staff B.Myagmar said, “We want a 60 percent pay increase. But there was
not a good response from the government. So we will hold a demonstration again
on Friday, January 16th, to call for our voice to be heard."
'Legend
of the Great Queens of Mongolia' returns to the stage
January 14
(news.mn) The State National Song And Dance Academic Ensemble of Mongolia is to
stage epic tales of the legendary history of the Mongolian Empire's queens on
stage.
“Legend of the
Great Queens of Mongolia”, the saga of nine beautiful and wise queens from Goo
Maral and Alungoo to Oulen, Burte, Durgunu, Sorkhagtani, Chimbai, Samar, and of
course, Mandukhai, will be told in the language of dance on the stage of the
State National Song And Dance Academic Ensemble, at 7:00 p.m., on January 29
and 30th.
The ballet
“Legend of the Great Queens of Mongolia” is unique in its telling - through
dance - of the history of the great queens of the Mongol Empire, who are
remembered in history for their great merits while fighting for independence
and sovereignty.
Produced by
G.Tsogtgerel, the director of the State National Song And Dance Academic
Ensemble, the libretto (composition) of the ballet was written by N.Bold, and
the performance will be directed by D.Bayarbaayar. The musical composition was
written by M.Birvaa and composed by State Honored composer B.Munkhbold.
“Legend of the
Great Queens of Mongolia” will be guided by the conductor of the State National
Song And Dance Academic Ensemble, N.Buyanbaatar.
Half
of meal costs in kindergartens to be paid by parents
January 14
(news.mn) The Standing Committee on Social Policy, Education, Culture and
Science has reviewed issue of the cost of meals in kindergarten being shared by
parents, and the position gained support from the majority of committee members
during its regular meeting on Thursday.
Suggestions to
increase variable costs for children in kindergarten, and to lower payment by
the government for the cost of meals in kindergarten to 50 percent, requiring
parents to pay the remained were raised. The cost of meals for disabled and
children from low-income families would still be paid 100 percent by the
government.
There have been
frequent complaints from parents about the poor ingredients and nutritional
value of meals prepared in preschools.
The suggestions
to increase the variable cost of meals in kindergarten and let parents pay for
half of the cost have been approved in their first stage of discussion.
Working
group to make amendments to the Constitution created
January 14
(news.mn) Speaker of Parliament Z.Enkhbold gave an order to create a working
group to make amendments to the Constitution, on January 13th. The working
group will consist of 9 members, including MPs who were involved in the
adoption of Mongolia's democratic constitution, and MPs of the Mongolian
National Democratic Party (MNDP) and Civil Will and Green Party.
When a new,
democratic constitution was adopted in 1992, MP D.Lundeejantsan, D.Demberel,
L.Tsog, L.Bold, R.Gonchigdorj, S.Bayartsogt, and N.Batbayar were involved.
Two years ago
the Speaker of Parliament established also a working group lead by Deputy
Speaker L.Tsog to study if it was necessary to make amendments to the
Constitution.
The working
group conducted a study, involving researchers and scholars, and reached the
conclusion that the Constitution needed to be amended partially.
The working
group submitted their conclusions to caucuses in Parliament last year.
Mongolia
Authorized to Utilize 7 Ports in North China to Improve Country's Economic
Efficiency and Facilitate Railway Transportation
January 14
(infomongolia.com) At the regular Cabinet meeting held on January 12, 2015,
some intergovernmental agreements established between Mongolia and the People’s
Republic of China during the state visit of the President Xi Jinping to
Mongolia in August 2014 were approved.
These documents
signed are “Intergovernmental Agreement on Transit and Freight Transportation
to the Sea and Back through Mongolian and Chinese territories” and
“Intergovernmental Agreement on Cooperation in Railway Transit Transportation”.
In the scope of
implementation of above agreements, Mongolia will be enabled to export its
mineral products to the third party under concessional term delivered through
the territory of China to the seaport.
Moreover, China
grants beneficial circumstances for Mongolia on railway transit transportation
regarding the routes, volume, tax and tariff concessions that would be increase
the number of sea ports authorized to use by Mongolia. These sea ports open to
foreign trade and that were reflected in the intergovernmental documents to
utilize are Dandong, Daliyen, Jinjou, Yingkou, Qin, Huangdao, Huanghua and
Tianjin ports.
Related:
Agreements on the
Mongolia-China transport approved – news.mn,
January 14
Women
in Business and Management Report: Mongolia stands at 17th place out of 108
countries surveyed
January 14
(infomongolia.com) On January 12, 2015, the Bureau for Employers' Activities
affiliated the International Labour Organization issued the first report on
"Women in Business and Management" that aims to create greater
understanding of the barriers to women’s advancement in business and management.
The report
themed "Gaining Momentum" provides a comprehensive, up to-date and
global picture of women in the business world and in management positions, but
surveys and statistics are brought from the latest years until 2012.
The report
underlines the fact that women’s presence in the labor market is increasingly
significant for economic growth and development at both national and enterprise
levels. However, women business owners are concentrated in small and
microbusinesses, and still only 5 percent or less of CEOs of the largest global
corporations are women.
According to
report, just 18 women were heads of state in March 2014, and women were only
22.9% of all elected parliamentarians worldwide in April 2014. So, as of the
State Great Khural (Parliament) of Mongolia, there are 11 women
Parliamentarians were elected in 2012 elections.
Over the last
20 years women have been filling the ranks of management particularly at middle
and even senior management levels, and the "Women in Business and
Management" report is topped by Jamaica, where 59.3 % of women’s
percentage share of all managers and Mongolia is ranked at the 17th place with
41.9% as of 2012.
Winners
of 2015 Amateur Chess State Championship
January 14
(infomongolia.com) On January 13, 2015, Mongolia celebrated the 23rd
anniversary of the Constitution Day, which was adopted on January 13, 1992 and
considered the first democratic new Constitution of Mongolia.
Celebrating the
Day, many activities were organized and as part of sport events, the two-day
Amateur Chess State Championship under the auspices of the Speaker of the State
Great Khural (Parliament) has been successfully organized for the third
consecutive year in the Government House.
Winners were
named on January 11, 2015 and this year, the number of participants were
increased compare to last edition and have competed over 2,300 players,
whereas, 94 male and 33 female competitors were left in the final stage.
In the Men’s category,
a player from Ulaanbaatar, S.Altangerel won the first place followed by
U.Tserendorj, resident of Orkhon Aimag and D.Duurenjargal from Dornod Aimag.
In the Women’s
category, the first place went to T.Mart, resident of Darkhan-Uul Aimag, where
the Silver and Bronze medals were achieved by B.Altantuya (Selenge Aimag) and
J.Altantsetseg (Uvs Aimag) respectively.
President,
Speaker, Premier and Foreign Minister Extend 2015 Greetings to Heads of Foreign
Diplomatic Missions and International Organizations in Mongolia
January 14
(infomongolia.com) On January 14, 2015, President of Mongolia Mr. Tsakhia
ELBEGDORJ as customary welcomed the Heads of Foreign Diplomatic Missions and
International Organizations in Mongolia at the Government Palace on the
occasion of the New Year.
At the
reception ceremony, Speaker of the State Great Khural (Parliament) Mr.
Zandaakhuu ENKHBOLD, Prime Minister Mr. Chimed SAIKHANBILEG, Minister of
Foreign Affairs Mr. Lundeg PUREVSUREN and other officials were present.
In his remarks,
President Ts.Elbegdorj noted,
Your Excellency
Dean of the Diplomatic Corps,
Excellencies
Ambassadors, Charge de Affairs,
Representatives
of International Organizations,
Ladies and
Gentlemen,
I am delighted
to meet with you today, just a day after Mongolia observed an event of profound
historic values for us, the 23rd Anniversary of Adoption of the new
Constitution of Mongolia. Along with my cordial gratitude for accepting our
invitation, I extend to you the greetings for the New Year.
As you may have
noted, the Years of the Horse have often been auspicious for Mongolia, with
records of success and achievements. And as you also have seen, the past 2014
was a year of both success and challenges for Mongolia.
A New
Government, as we rendered as the “Government for Solutions”, has been formed
aspiring greater opportunities for development in spite of the blows of time.
The Grand Coalition Government, while maintaining the continuity of our foreign
policy, works to find optimal solutions to the multitude of issues facing our
country today.
In particular,
I do support actions and efforts to commence major mining and investment
projects, assuring and enhancing confidence among domestic and foreign
investors, ensuring economic growth and improving the livelihood of our
citizens.
Ladies and
Gentlemen,
In the past
year, Mongolia recorded notable success and achievements in our foreign policy
realm. The relations of our country with our two neighbors were reinvigorated
with the respective visits of the Heads of State of the Russian Federation and
the People’s Republic of China to Mongolia. At the initiative of Mongolia, for
the first time, the Ulaanbaatar Tripartite Summit of the Heads of State of
Mongolia, the Russian Federation and the People’s Republic of China took place
during the 13th annual Summit of Heads of State of the Shanghai Cooperation
Organization in Dushanbe, Tajikistan.
These
high-level visits and summit have established a favorable foundation to further
enhance our cooperation in infrastructure, railways, environment, construction
and other sectors. We have advanced and enriched the scope and level of
bilateral relations and cooperation with our two neighbors, and have solidified
the foundation for substantive cooperation with our third neighbors.
In 2014, I paid visits to Liechtenstein,
Japan, Austria and Hungary and participated in the plenary and other sessions
of the World Economic Forum, the Summit of the Conference on Interaction and
Confidence Building Measures in Asia, the 69th Session of the United
Nations General Assembly and the ASEM Summit.
Mongolia hosted
the President of Latvia, Speaker of the Grand National Assembly of Turkey,
Speaker of the Lower House of the Republic of the Union of Myanmar and the
Prime Minister of the Kyrgyz Republic, all bearing high importance.
The
ratification of the “Agreement on Transparency in Matters Related to
International Trade and Investment between Mongolia and the United States of
America” by the State Great Khural and an agreement in principle between
Mongolia and Japan to conclude an “Economic Partnership Agreement” have created
practical opportunities and capabilities to expand our foreign economic
cooperation.
As a country
which pursues active foreign policy on global arena, Mongolia has been striving
to contribute to stability in the Asia Pacific region, in particular to that of
the Northeast Asian sub-region. With a view to contribute to maintaining
stability in Northeast Asia and ensuring regional security through
confidence-building Mongolia has set forth the “Ulaanbaatar Dialogue”
Initiative. Within the confines of the Dialogue, the first International
Symposium was successfully organized in Ulaanbaatar.
As a
responsible member of the international community, Mongolia established an
assistance fund - International Cooperation Fund - to share our democratic
transition experiences and provide development and technical support for
emerging democracies. Under these premises, we are actively collaborating with
countries in the region such as Kyrgyzstan, Myanmar and Afghanistan.
I wish also to
note here that at the invitation of the 2014 Chair of APEC, Mongolia attended
the APEC Summit for the first time as a special guest.
At the Asia-Europe
Meeting (ASEM) Summit held in Milan, Mongolia was entrusted with an honorable
and responsible mission to host the 11th Summit of the Asia-Europe Meeting in
Ulaanbaatar. I would like to express once again our deepest gratitude to all
member-states of ASEM for providing support in our quest to host the 20th
anniversary of historic Summit of ASEM in 2016 bringing together the Asia and
Europe.
We have already
started preparations for the Summit from last year and have established a
National Council to undertake functional and organizational duties for hosting
the Summit.
We will observe
the 25th anniversary of our Democratic Revolution throughout 2015. Within the
confines of the observation of this historic anniversary, we will commemorate
the first free and democratic election as well as the establishment of the
first democratic legislative, executive and judiciary governance in Mongolia in
July and September of 2015.
Ladies and
Gentlemen,
On behalf of
the State and Government of Mongolia, I would like to extend our sincere
gratitude to all of you for your close cooperation and high professionalism in
your noble mission to develop the relations and cooperation between Mongolia
and your respective countries and organizations in every field.
At this
juncture, I am pleased to share with you with great news. Very soon, in a few
days, Mongolia will welcome its third millionth citizen. Mongolians are a
nation which reveringly exults at child-birth and say, “The more the people,
the richer the dinner”, and I am sincerely happy and grateful to you that you
are with us at this momentous occasion sharing with us this joy.
A New Year
brings new commitments, changes, and new opportunities. I wish you sustained
success and positive changes in 2015.
Happy New Year!
Afterwards,
Ambassador Extraordinary and Plenipotentiary of Japan to Mongolia, Mr. Takenori
Shimizu, who is the Dean of Diplomatic Corps in Mongolia, delivered the
following remarks.
Ambassador
T.Shimizu noted,
Your
Excellency, Mr. President of Mongolia,
Speaker of the
State Great Khural,
Prime Minister,
Foreign
Minister,
Ladies and
Gentlemen,
Allow me first
of all to express, on behalf of the Diplomatic Corps in Mongolia, our gratitude
for this opportunity to meet with you and extend greeting address.
Looking back
the past year, Mongolia has gained significant achievements. In particular, the
foreign relations, exchanges of high level visits and active dialogues with the
two neighbors and other countries have shown important results. The
agricultural sector showed exceptionally high results with the number of
livestock reaching 51 million heads of animal, which is the highest in its
history, and harvesting the top volume of crops in 17 years. Using this
opportunity, I would like to extend, on behalf of myself and my colleagues, our
sincere compliments in this regard.
In 2015, we
will observe the 25th Anniversary of the Victory of the Democratic Revolution
in Mongolia. 25 years ago, on a cold day with temperatures reaching minus 30
degrees, thousands and thousands of young people gathered at the Sukhbaatar
Square to launch their movement in order to clear the way for democratic
values, market economy and a free society. I remember myself standing on that
frosty day listening to speeches made by incumbent President Ts.Elbegdorj,
incumbent UB Mayor E.Bat-Uul and late S.Zorig. Throughout the relatively short
period of 25 years that have passed since that day, they have managed to lead
their country toward dynamic and successful development under such values as
freedom of speech and equal coexistence under the rule of law, for which I
would like, once again, to express our compliments to you, Mr. President, and
to the People of Mongolia.
We truly hope
that 2015 would become a year of Mongolia’s development with active foreign
policy, as well as vibrant economic policy aimed at boosting foreign
investments, which are the basis for the country’s development and prosperity,
and creating an attractive investment environment. Diplomatic missions
accredited to Mongolia are looking forward to collaborate and provide all
possible support to your efforts to develop Mongolia.
This year marks
the 70th Anniversary of the End of the World War II and establishment of the
United Nations Organization. We are confident that Mongolia will continue
making its substantial contribution to maintaining peaceful coexistence of the
international community and regional stability, development and prosperity of
nations through such activities as participation in UN peacekeeping operations,
and we all intend to render joint collaboration.
And finally,
let me convey our wishes for progress and prosperity to Mongolia and the
Mongolian people, good health, happiness and all the best to you who are
present here today.
Thank you for
your attention.
Related:
President
greets diplomatic corps in Mongolia – Montsame,
January 14
Batsuuri
MP acquainted with activities of Ministry of Industry
By B.
Amarsaikhan
Ulaanbaatar,
January 14 (MONTSAME) Head of the parliamentary Standing committee on Economy
J.Batsuuri got au fait with the activities and of the Ministry of Industry on
Wednesday.
He was given
detailed information by the Minister of Industry D.Erdenebat MP on the
composition and structure of the Ministry and the intended frameworks. The
Minister noted that, in regard of the formation of the Ministry of Industry,
the laws on Industry, on Entrepreneurship, on Free Trade Zones and on Trades
need to be amended, and requested Mr Batsuuri’s support and focus on the
discussion of these draft amendments.
The Minister
also informed that the ministry intends to put more focus on the leather
industry, and emphasized the need to limit imports of products which are
already produced by domestic manufacturers. For the time being, a work is being
conducted towards planning the operational strategy of the Ministry for a 15-
year-term.
Head of the
economic Standing committee promised to look the same direction with the
Minister and to form a working group to pursue the draft amendments, as
precedented. He also gave directions to the Ministry to submit recommendations
and suggestions upon first discussions by the Standing committee on the draft
amendments to the Laws on Free Trade Zones and Special Permits.
Bank
of Mongolia Increases Policy Interest Rate by 1.0 Point to 13%
January 14
(infomongolia.com) The Monetary Policy Committee (MPC) of the Central Bank of
Mongolia (Mongol Bank) decided to increase its policy interest rate by 1.0
percentage point to 13% at the recurrent meeting held on January 14, 2015.
According to
Monetary Policy Committee, the final policy statement will be released within
two weeks and then a comprehensive explanation will be revealed, said officials.
Official Interest Rates of the Central Bank
of Mongolia
Effective from - Policy Rate
2014.07.31 -
12.0 %
2013.06.24 -
10.5 %
2013.04.05 -
11.5 %
2013.03.13 -
12.5 %
2013.01.25 -
12.5 %
2012.04.17 -
13.25 %
2012.03.19 -
12.75 %
2011.10.25 -
12.25 %
2011.08.29 -
11.75 %
2011.04.28 -
11.5 %
2010.05.12 -
11.00 %
2009.09.30 -
10.00 %
2009.06.12 -
11.50 %
2009.05.12 -
12.75 %
2009.03.11 -
14.00 %
2008.11.19 -
9.75 %
2008.11.13 -
10.25 %
2008.09.10 -
10.25 %
2008.03.19 -
9.75 %
2007.11.21 -
8.40 %
2007.10.17 -
7.40 %
2007.07.09 -
6.40 %
Related:
BM
increases policy rate – Montsame,
January 14
Housing
loans with 8% interest to undergo changes
January 14
(news.mn) Procedures for issuing housing loans with an 8 percent interest rate,
a program implemented by the Mongolian government, are being changed.
We learned more
about it from an official source at the Mortgage Corporation of Mongolia. The
source stated, “The Mongolian government and Bank of Mongolia have made changes
to the loan procedure. In particular, if the apartment which is going to be
purchased through the loan with an 8 percent interest rate is new, 1 meter
shall be priced at 2.2 million MNT, if old, the price will be no more than 1.9
million MNT. Banks are providing the loan according to this rule."
By establishing
the new constraints on prices, banks will be protected from unsecure loans and
if a borrower does not make loan payments, the apartment's value will comply
with market rates.
After the
launching of the program to provide loans with 8 percent interest, the price of
apartments increased by 20 to 30 percent, and officials note that it will
influence regulations on prices for apartments.
DP
Faction Meets
By B. Khuder
Ulaanbaatar,
January 14 (MONTSAME) An irregular meeting of the Democratic Party (DP) held
Wednesday under a closed regime made a decision not to cut money from the
allowances for children and the Order of Glorious Motherhood holders.
This issue will
be discussed by the Standing committee on budget and then by a plenary meeting
of the parliamentary session.
According to an
amendment to the law on budget clarification submitted from the Premier, the allowance
has been cut for receives of the Order of Glorious Motherhood whose children
are 18 years old and above. Another allowance for children of MNT 20 thousand
will be granted to only targeted groups.
Health
and Sports Minister Receives WHO Reps
By B.
Amarsaikhan
Ulaanbaatar,
January 14 (MONTSAME) The Minister of Health and Sports G.Shiilegdamba received
the permanent representative of the World Health Organization (WHO) to Mongolia
Soe Nyunt-U along with his officials on January 14.
A suggestion on
cooperation and co-realization of joint programs being implemented in frames of
the cooperation strategy between the WHO and the Government of Mongolia, as
well with the Ministry, was sounded at this meeting.
The Minister
G.Shiilegdamba expressed his intent to expand the realization of joint health
programs implemented by the Government and the WHO, and promised cooperation on
the WHO projects in Mongolia.
The related
officials of the WHO presented about the five spheres of program
implementations that they are focusing on in frames of the 2010-2015
cooperation strategy: strengthening the healthcare system through improving the
primary health services, non-infectious diseases, monitoring the factors
inducing the violence and traumas, improving the prevention of diseases, and
refining upon the environmental health.
Draft
law submitted to parliament
By B. Khuder
Ulaanbaatar,
January 14 (MONTSAME) An advisor to the President on legal policy Ch.Onorbayar
Wednesday submitted to the Speaker Z.Enkhbold a draft law on imposing
responsibilities upon elected and appointed state high-level servants.
Having 24
clauses divided into six articles, the bill reflects ground and rules of
imposing the responsibilities upon the elected and appointed state servants,
and forms a system of political responsibility at the state horizontal
level.
Stock
Exchange News for January 14
By B. Khuder
Ulaanbaatar,
January 14 (MONTSAME) At the Stock Exchange trades on Wednesday, a total of 37
thousand and 668 units of 21 JSCs were traded costing MNT 23 million 531
thousand and 201.
"Binse HK”
/15 thousand and 600 units/, “Remikon” /12 thousand and 759 units/, “Khokh gan”
/7,400 units/, “APU” /762 units/ and "Baganuur” /259 units/ were the most
actively traded in terms of trading volume, in terms of trading value were
"Binse HK” (MNT 12 million and 324 thousand), "APU” (MNT two million 857
thousand and 500), “UB-BUK” (MNT one million and 419 thousand), “Remikon” (MNT
one million 197 thousand and 585) and "Tavantolgoi” (MNT one million 053
thousand and 496).
The total
market capitalization was set at MNT one trillion 422 billion 071 million 322
thousand and 189. The Index of Top-20 JSCs was 14,720.85, increasing 8.24 units
or 0.06% against the previous day.
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