1 ZANDANSHATAR GOMBOJAV APPOINTED AS PRIME MINISTER OF MONGOLIA WWW.MONTSAME.MN PUBLISHED:2025/06/13      2 WHAT MONGOLIA’S NEW PRIME MINISTER MEANS FOR ITS DEMOCRACY WWW.TIME.COM PUBLISHED:2025/06/13      3 ULAANBAATAR DIALOGUE SHOWS MONGOLIA’S FOREIGN POLICY CONTINUITY AMID POLITICAL UNREST WWW.THEDIPLOMAT.COM PUBLISHED:2025/06/13      4 THE UNITED NATIONS CHILDREN’S FUND (UNICEF) IN MONGOLIA, THE NATIONAL FOUNDATION FOR SUPPORTING THE BILLION TREES MOVEMENT, AND CREDITECH STM NBFI LLC HAVE JOINTLY LAUNCHED THE “ONE CHILD – ONE TREE” INITIATIVE WWW.BILLIONTREE.MN PUBLISHED:2025/06/13      5 NEW MONGOLIAN PM TAKES OFFICE AFTER CORRUPTION PROTESTS WWW.AFP.MN PUBLISHED:2025/06/13      6 GOLD, MINED BY ARTISANAL AND SMALL-SCALE MINERS OF MONGOLIA TO BE SUPPLIED TO INTERNATIONAL JEWELRY COMPANIES WWW.MONTSAME.MN PUBLISHED:2025/06/13      7 AUSTRIA PUBLISHES SYNTHESIZED TEXTS OF TAX TREATIES WITH ICELAND, KAZAKHSTAN AND MONGOLIA AS IMPACTED BY BEPS MLI WWW.ORBITAX.COM  PUBLISHED:2025/06/13      8 THE UNITED STATES AND MONGOLIA OPEN THE CENTER OF EXCELLENCE FOR ENGLISH LANGUAGE TEACHING IN ULAANBAATAR WWW.MN.USEMBASSY.GOV  PUBLISHED:2025/06/12      9 MONGOLIA'S 'DRAGON PRINCE' DINOSAUR WAS FORERUNNER OF T. REX WWW.REUTERS.COM PUBLISHED:2025/06/12      10 MONGOLIA’S PIVOT TO CENTRAL ASIA AND THE CAUCASUS: STRATEGIC REALIGNMENTS AND REGIONAL IMPLICATIONS WWW.CACIANALYST.ORG  PUBLISHED:2025/06/12      БӨӨРӨЛЖҮҮТИЙН ЦАХИЛГААН СТАНЦЫН II БЛОКИЙГ 12 ДУГААР САРД АШИГЛАЛТАД ОРУУЛНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/15     ОРОН СУУЦНЫ ҮНЭ 14.3 ХУВИАР ӨСЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/15     МОНГОЛ УЛСЫН 34 ДЭХ ЕРӨНХИЙ САЙДААР Г.ЗАНДАНШАТАРЫГ ТОМИЛЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/13     SXCOAL: МОНГОЛЫН НҮҮРСНИЙ ЭКСПОРТ ЗАХ ЗЭЭЛИЙН ХҮНДРЭЛИЙН СҮҮДЭРТ ХУМИГДАЖ БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/13     МОНГОЛ БАНК: ТЭТГЭВРИЙН ЗЭЭЛД ТАВИХ ӨР ОРЛОГЫН ХАРЬЦААГ 50:50 БОЛГОЛОО WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/13     МОНГОЛ ДАХЬ НҮБ-ЫН ХҮҮХДИЙН САН, ТЭРБУМ МОД ҮНДЭСНИЙ ХӨДӨЛГӨӨНИЙГ ДЭМЖИХ САН, КРЕДИТЕХ СТМ ББСБ ХХК “ХҮҮХЭД БҮРД – НЭГ МОД” САНААЧИЛГЫГ ХАМТРАН ХЭРЭГЖҮҮЛНЭ WWW.BILLIONTREE.MN НИЙТЭЛСЭН:2025/06/13     ЕРӨНХИЙЛӨГЧИЙН ТАМГЫН ГАЗРЫН ДАРГААР А.ҮЙЛСТӨГӨЛДӨР АЖИЛЛАНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/06/13     34 ДЭХ ЕРӨНХИЙ САЙД Г.ЗАНДАНШАТАР ХЭРХЭН АЖИЛЛАНА ГЭЖ АМЛАВ? WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/13     “АНГЛИ ХЭЛНИЙ МЭРГЭШЛИЙН ТӨВ”-ИЙГ МУИС-Д НЭЭЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/13     Г.ЗАНДАНШАТАР БАЯЛГИЙН САНГИЙН БОДЛОГЫГ ҮРГЭЛЖЛҮҮЛНЭ ГЭЖ АМЛАЛАА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/12    

Category

Events

Events

Name organizer Where
MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

64x64

Saudi Arabia's first Islamic bond sale raises $9bn www.rt.com

 
In its first international issuance of sukuk, or an Islamic bond, Saudi Arabia has raised $9 billion, people familiar with the matter told the Wall Street Journal. The bond sale comes as the kingdom looks to reshape its oil-dependent economy.
Investors placed orders in excess of $33 billion, the country’s Ministry of Finance said, adding bonds will be split equally between five and ten-year tranches.
 
Riyadh was able to issue more than the $8 billion it had planned to sell, and yields were lower than initial guidance. The five-year notes were sold at 2.93 percent, and the 10-year notes were sold at 3.65 percent.
 
Saudi Arabia issued bonds worth $17.5 billion in 2016, tapping international and domestic markets to help finance a budget deficit that is expected to reach $53 billion this year. The deficit ballooned to a record $98 billion in 2015 but narrowed last year to about $79 billion as the government introduced austerity measures, cutting spending and subsidies.
 
“The sukuk should cover about one-fifth of the expected fiscal deficit,” investors told the WSJ.
 
By raising money from sukuk, the Saudi government aims to support the kingdom’s finances as income from oil sales decline.
 
“They’re kicking the oil barrel down the road; they’re buying time on the fiscal deficit,” said Patrick Drum, a portfolio manager at Saturna Capital, which runs a sukuk-bond fund.
 
A sukuk is structured to generate returns to investors without infringing Islamic law that prohibits interest. Issuers are able to tap a wider pool of investors than with more conventional bonds.
 
Saudi Arabia is also preparing what may become the world’s largest initial public offering (IPO) of state oil company Saudi Aramco. The IPO is also expected to help manage the budget shortfall.
...


64x64

Russia–China trade up almost 30% this year www.rt.com

Trade between China and Russia grew by nearly a third in the first quarter of the year, according to Chinese Customs data, cited by RIA Novosti.

In the first three months of 2017, bilateral trade amounted to $18.1 billion. Chinese exports to Russia increased by 22.4 percent compared to the same period last year to $8.43 billion. Russian exports to China grew by 36.1 percent to $9.66 billion.

In 2016, trade between Russia and China grew by 2.2 percent to $69.5 billion, as Chinese exports to Russia rose by 7.3 percent to $37.3 billion, while imports from Russia fell by 3.1 percent to $32.3 billion.

In an interview with the Sputnik news agency last month, Zhang Xiao, the deputy to the Chinese ambassador to Russia, said Beijing expects a breakthrough in trade between the countries this year.

"After a downturn in 2015 due to external factors, Russia-China trade returned to growth in 2016. Over the course of 2016, turnover between Russia and China reached $69.5 billion, a 2.2 percent increase against the previous year," Zhang Xiao said.

While a 2.2 percent growth is not significant, it is very important considering the unfavorable conditions in the global economy and a decrease in Chinese foreign trade volumes, he said.

Besides trade, Russia and China also have a number of investment projects. The countries are jointly building the Power of Siberia gas pipeline and a liquefied natural gas (LNG) facility on the Yamal Peninsula in the Russian Arctic. The countries are also working on a wide-body passenger jet to rival Airbus and Boeing and several other projects.

...


64x64

Mongolia’s economy will stagnate in 2017 www.mongolia.gogo.mn

 
World Bank today introduces the East Asia and Pacific Economic Update, the comprehensive review of the region`s economies which is published twice yearly.
The review was involved 14 countries and Mongolia listed in 10th place at GDP growth projections.
The just-released East Asia and Pacific Economic Update expects the Mongolian economy will stagnate in 2017, as the government restores its debt to sustainable levels, but a modest recovery is expected in 2018.
Chinese economy to continue to slow down gradually, as it rebalances toward consumption and services. China’s growth rate to be 6.5 percent in 2017, 6.3 percent in 2018, compared with 6.7 percent in 2016.
In China, growth will continue to moderate, reflecting the impact of the government’s measures to reduce excess capacity and credit expansion. As a result, the report expects activity in the real estate sector to slow down.
The large developing economies in the Association of Southeast Asian Nations will likely expand slightly faster in 2017-18, although for different reasons. The Philippines will benefit from higher public spending on infrastructure, an uptick in private investment, credit expansion, and increased remittances, as growth accelerates to 6.9 percent in both 2017 and 2018. Higher government subsidies, more infrastructure spending and rising exports will push up Malaysia’s economy by 4.3 percent in 2017 and 4.5 percent in 2018.
In Indonesia, credit expansion and higher oil prices will help the economy grow 5.2 percent in 2017, up from 5 percent in 2016. In Vietnam, growth will rise to 6.3 percent in 2017, in line with favorable market sentiment and strong foreign direct investment.
The region’s smaller economies will generally benefit from the continued vitality of their larger neighbors, and some will also benefit from higher commodity prices. Cambodia’s economy will grow 6.9 percent in 2017 and 2018, with higher public spending and the expansion of agriculture and tourism offsetting a drop in the construction and garment sectors. In Myanmar, growth will reach 6.9 percent in 2017 and 7.2 percent in 2018, up from 6.5 percent in 2016, as infrastructure spending increases and structural reforms attract more foreign investment.
Papua New Guinea will see its economy gradually recover, thanks to a number of new mining and petroleum projects.
With credit growth remaining high across much of the region, including Vietnam, the Philippines and Lao PDR, the report suggests an emphasis on strengthening regulation and enhancing supervision.
In addition, the report says policy makers can put future economic prospects on a more sustainable path if they take steps to reduce pollution caused by farming, a rising threat amid the intensification of agriculture in the region.
...


64x64

GoGo News Agency to cooperate with Mongolian Immigration Agency www.mongolia.gogo.mn

 
GoGo News Agency signed a cooperation memorandum with Mongolian Immigration Agency, the Government Implementing Agency of Mongolia. Thus it enables readers of mongolia.gogo.mn to keep up with the latest news, updates, and rules of the agency.
The signing ceremony was attended by G.Gantuya, CEO of Mongol Content LLC and Head of Mongolian Immigration Agency D.Murun.
About Mongolian Immigration Agency
Immigration status is an independent body responsible for central residents, immigrants and stateless persons to register controls in Mongolian implements the following functions.
Монгол Улсад байнга оршин суугч, цагаач, харьяалалгүй иргэдийн бүртгэл хяналтыг төвлөрүүлэн хариуцах
Mongolia Immigration Agency is an independent Government body responsible for managing the registration and controls of foreign citizens residing in Mongolia, immigrants and stateless people.
The main function of the agency as follows:
Organize at visa issuance for foreign nationals, who is applying for a temporary residence, for official or personal reasons; issue a visa permit or a residence permit; extension of visas; permit a personal invitation; electronic identity card; create and integrate registration database of controls, visas and visa permission
Provide professional assistance and methodological support for the Diplomatic Missions of Mongolia abroad
Resolve issues related to the civil citizenship and immigration, adoption a child who has a citizenship of Mongolia for the foreign family and issues related to the Representative Office of the International or foreign Non-Government Organizations.
Put control on the implementation of the laws and regulations about the civil citizenship and migration process, to resolve the violations found.
About GoGo news agency
GoGo news agency was founded in 2007 and dedicates its actions towards trustworthy, most up-to-date, unbiased, independent news spread about Mongolia. In addition, we prepare major articles and coverages which cover social, political and economic sectors.
Apart from gogo.mn, we are running mongolia.gogo.mn, daily news website for English-speaking people and yolo.mn, a website for teenagers.
...


64x64

A lobby group established at Parliament www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ A lobby group against having accounts in offshore zone, was established at the Parliament, submitting a document to the Parliamentary Speaker and making a statement yesterday, April 11.
 
A bill against having accounts in offshore zone or officially, a bill on amendments to the law on managing and preventing from conflict of interests in the public service is under parliamentary discussion. The lobby group will work to ensure the law enforcement after the bill is approved and to organize actions in collaboration with foreign legal organizations to investigate money source in offshore zone and draw the source back.
 
The lobby group is also working to form a temporary committee fighting against illegal economic activities, said MP T.Ayursaikhan, the initiator of the group. MPs Ts.Davaasuren, M.Oyunchimeg, N.Uchral and B.Bilegt have joined the group.
...


64x64

Bills regarding customs tax to be submitted to Parliament www.montsame.mn

 
Ulaanbaatar /MONTSAME/ During its regular meeting held today, the cabinet discussed bills on exemption from customs tax and on the procedure of adhering to law on exemption from customs tax and decided to submit the bills to the Parliament. Law on exemption from customs tax was approved in 2008, exempting imported new tractors, combine harvesters and other machinery for agricultural use, equipment for flour milling and irrigation, fertilizers and plant protection substances (pesticides) until December 31, 2016.
 
The exemption has given significant support to restore agriculture sector, which had been in breakdown, to keep the stable growth, to improve the economic capacity of cultivators and producers, to encourage employment firmly and to provide people with healthy and safe food. Therefore, the Government considered it proper to extend the exemption term.
 
Currently, renovation of wheat seeds is running with 65 per cent and the most works of planting, harvesting and sorting are being made by hand as mechanization is not sufficient yet. Moreover fertilizers and protection substances are mostly imported.
...


64x64

President recommends Cultural Campaign II www.en.montsame.mn

 
President of Mongolia Ts.Elbegdorj attended a meeting on soil, water and air pollution in Ulaanbaatar with representatives of the capital city residents and public organizations on April 12, Wednesday.
Government officials including Environment Minister D.Oyunkhoroal, Ulaanbaatar Mayor S.Batbold and Members of Parliament Kh.Nyambaatar and G.Batzorig were present at the meeting during which 18 presentations were given in 4 main areas – Urban planning and infrastructure, Engineering solution to reduce air and environmental pollution, Citizen participation and solutions and Bank and financing.
Mayor S.Batbold said that the presentations featured several ideas worth putting into work. “I invite you all to send these presentations and projects to the capital city administration. We will review them and cooperate on those we choose to finance”, he said.
In his closing speech, President Ts.Elbegdorj noted that the important issues discussed and forwarded at the meeting must be implemented. “We must see improvement in these areas”, he reiterated. He also expressed intentions to visit some of the factories introduced at the meeting. Moreover, the President suggested that Cultural Campaign II be forged to make the capital city a clean city, and gained support from the participants of the meeting.
...


64x64

Gold sold to Bank of Mongolia to be spent for increasing currency reserve www.en.montsame.mn

 
Since the beginning of 2017, all of the gold sold to the Bank of Mongolia (BoM) by domestic entities and individuals has been used to increase foreign currency reserve of the country, reports the central bank.
Over the last years, the BoM had borrowed short-term loans from foreign banks with a condition to repay it with gold. Some officials of the Bank say that the loans' cost was high, the terms were too short and the condition of repayment was not economically efficient. For example, the Bank borrowed USD60 million in 2014 and USD160 million in 2015 with an interest rate of 9.3 per cent and a total of 12.1 tons of gold was sent for the loan repayment in 2014-2016.
Starting last August, the authorities of BoM has been adhering to a principle to stop getting loans and to fully repay all loans and as a result of this action, all loans of the central bank were repaid.
...


64x64

Singaporean company to construct Mongolian coal aerification plant www.news.mn

 
The Mongolian Ministry of Energy has signed a Memorandum of Understanding with Poh Golden Ger Resources Pte Ltd, which is the Mongolian subsidiary of Singapore's "Poh Group Pte", for coal aerification and power generation. The Singaporean company will cooperate with Mongolia for constructing the coal aerification plant, which will generate power through the process of burning a combination of coal dust and gas.
 
The cooperation between the two sides first discussed during Singaporean Prime Minister Lee Hsien Loong’s visit to Ulaanbaatar in July, 2016.
 
The Poh Group, which specialises on mining and energy was founded by Poh Kay Ping, currently its CEO. Poh Golden Ger Resources Pte Ltd holds mining and exploration rights for coal and copper in the south of the Mongolia.
...


64x64

Hogan Lovells publishes free analysis of Mongolia-Japan EPA/FTA; full texts of analysis and EPA www.nambc.org

 
Mongolia’s first and only free trade agreement (FTA) is with Japan. The “Japan–Mongolia Economic Partnership Agreement” (EPA) inevitably has had various adverse impacts on exports to Mongolia from the US and Canada, because of preferential tariffs accorded to Japanese competitors of North American companies. Previous Mongolian Governments had consistently offered to start FTA negotiations with Washington and Ottawa. Hogan Lovells (Mongolia) LLP has published a useful summary of the EPA, which was concluded in February 2015 and entered into force on June 7, 2016. One of the Mongolian partners of Hogan Lovells will speak at the NAMBC’s AGM on April 27 in Washington, DC.
 
In late March 2017, Japanese Foreign Minister Fumio Kishida and Mongolian Foreign Minister Tsend Munkh-Orgil signed a bilateral action plan in Tokyo for 2017-2021 for further implementation of the EPA, plus bilateral cooperation in political, security and economic fields not covered in the EPA. On the economic front, the plan calls for speedy implementation of the bilateral FTA and improving the FDI environment. Separately on the same day, Japan committed US$850 million in soft loans to Mongolia as part of a bailout to help rescue the country's economy; details are still under discussion..
 
For Hogan Lovells Japan EPA analysis, go to: http://ehoganlovells.com/rv/ff00002f8127205c90d12e6b35de4094dc8a2329
...


  • Terms of Reference
  • About
  • Contact Us

Managed by: B2BMongolia www.b2bmongolia.com

Events

News

Facebook