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    

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Events

Events

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

NEWS

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Steppe Gold receives approval for the cross-listing on Mongolian Stock Exchange www.montsame.mn

Steppe Gold Ltd., Mongolia’s premier precious metals company, announced on June 24 that it has received the approval from the Financial Regulatory Commission of Mongolia in relation to its proposed cross-listing on the Mongolian Stock Exchange.
Regarding the approval, Bataa Tumur-Ochir, President and CEO of Steppe Gold, commented, “On behalf of our shareholders and colleagues, I would like to extend my gratitude towards the authorities of the Financial Regulatory Commission and the MSE for considering our request and supporting our vision. Steppe Gold quickly positioned itself as Mongolia’s leading gold producer and we are excited to attract more Mongolian retail investors and institutions in the growth of our exciting and growing portfolio of precious metal assets.
Steppe Gold already has over 20% of its shares owned by Mongolian investors and, with this move, we are reaffirming our commitment to enable more Mongolians to share in the success of Steppe Gold.
Steppe Gold has built a strong reputation regarding community engagement, investment on the education of Mongolian youths, local development support, job creation, and responsible mining. This cross-listing is aligned with our goal to make an important contribution to not only Mongolia’s economy, but also Mongolia’s stock market”.
The Company will raise MNT 5 billion by issuing a total 1,111,110 common shares at a fixed price.
Proceeds of this placement will be used for Phase 2 expansion at the Company’s ATO Gold Mine.
Five independent analysts forecasted the share price to reach CAD 4.09.
Ard Securities, a lead advisor and underwriter, is working on the listing with Snow Hill Consultancy providing legal consulting, DRA Americas Incorporated – technical consulting, and MNP Audit – financial consulting services respectively.
Amarbayasgalan Enkhsaikhan, Executive Chairman of Ard Securities and Head of Investment Banking at its parent, Ard Financial Group, noted, “We are delighted to be working with Steppe Gold on the cross-listing of its shares on the MSE. We are witnessing an increased interest from Mongolia’s growing retail investor base and they are excited to participate in the success of a home-grown mining company with a demonstrated success story.”
Ard Securities is a fully licensed Mongolian investment advisory firm that offers brokerage and financial advisory services. Ard Securities has led the market with 40 percent secondary trading volume on MSE in the past two years. Its parent, Ard Financial Group, leads the Investor Nation initiative which aims to increase access to capital markets to ordinary Mongolians.
In 2020, Ard Securities has successfully underwritten and closed the funding for the country’s first ever closed-end fund on MSE, National Privatization Fund, bringing the total listed companies managed by the Group to 5: Ard Financial Group JSC, Ard Insurance JSC, Ard Credit NBFI JSC, Mongol Post JSC, National Privatization Fund.
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2,246 new cases of COVID-19 reported, total reaches 114,565 www.montsame.mn

At the regular press briefing of the Ministry of Health for today on June 30, it was reported that 2,246 new cases were detected in Mongolia. More specifically, 1,345 new cases were detected in the capital city, with 901 cases in aimags.
As of today, the total number of COVID-19 confirmed cases in Mongolia now stands at 114,565.
Furthermore, 15 COVID-19 related deaths have been also reported, raising the country’s death toll to 563. In the past 24 hours, 2,825 patients made recovery, bringing the total recoveries to 78,654.
Of the 14,131 patients currently undergoing treatment, there are 9,502 patients in mild, 3,143 in serious, 1,237 in critical, and 239 in very critical condition.
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USD 100 million for Mongolia’s urban transport projects www.news.mn

The World Bank has approved a USD 100-million loan to support a sustainable urban transport project in the Mongolian capital of Ulaanbaatar, the bank’s office in Mongolia said Thursday.
The project is aimed at developing a comprehensive framework for sustainable urban mobility for Ulaanbaatar and reducing congestion, improving road safety, and addressing climate resilience on selected transport corridors, the office added.
“Improving traffic conditions in Ulaanbaatar has become a top priority for the municipality and the Mongolian government, and the World Bank is pleased to be providing support in this area through its expertise and financial resources,” said Andrei Mikhnev, World Bank country manager for Mongolia.
In Ulaanbaatar, home to around half of the country’s 3.3 million population, travel demand has been increasing amid rapid urbanization.
The city’s current 1,100-km-long street network is sparse and disconnected, while traffic management and road safety facilities are insufficient, causing delays, traffic accidents, and congestion, according to the bank. Poor public transport services and vulnerability to natural hazards such as flooding are affecting residents’ livelihoods and disproportionately hurting vulnerable and low-income population.
The project is expected to finance street network infrastructure for selected transport corridors as well as better integrated public transport systems. This includes road reconfiguration, rehabilitation, and construction on selected priority corridors, upgrading bus management systems and improvements of bus stops, and installation of intelligent transport systems and smart parking management systems across the city, said the bank.
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World Youth and Junior Sambo Championships moved from Mongolia to Greece www.news.mn

The World Youth and Junior Sambo Championships have been moved from Mongolia to Greece because of the COVID-19 pandemic.
Ulaanbaatar, the Mongolian capital, was due to host the event but is now unable to do so because of the “difficult epidemiological situation in the country”.
The Hellenic Sambo Federation applied to take over the hosting of the event and will now stage it in Thessaloniki from October 15 to 17.
All participants will be required to take a COVID-19 test within 72 hours of arriving at the Championships.
The competition will take place in a bubble environment in a bid to protect people from infection.
Officials from the International Sambo Federation will be able to call upon the experience of the 2020 World Championships in Serbia, which went ahead under similar conditions.
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Big Tech is booming again, and the bull run appears to be far from over www.cnn.com

New York (CNN Business)So much for big tech stocks falling out of favor.
Facebook (FB) has soared almost 30% this year and Mark Zuckerberg's social media giant is now worth more than $1 trillion. It's not the only giant of the Nasdaq hitting new milestones.
Microsoft (MSFT) topped the $2 trillion valuation mark last week for the first time ever, joining Apple (AAPL) in that exclusive territory. Amazon (AMZN) and Google owner Alphabet (GOOGL), are nearing the $2 trillion mark as well.
Big techs had lagged behind other sectors earlier this year as Wall Street appeared to be betting that value stocks would finally outperform growth. But investors don't seem all that worried that tech stocks are going to slow down any time soon, despite lingering concerns about increased regulation that lawmakers in America and abroad are trying to impose.
Apple is worth $2 trillion
Apple is worth $2 trillion 01:40
All told, the so-called FAANGs (Facebook, Apple, Amazon, Netflix (NFLX) and Google) plus Microsoft and Tesla (TSLA) are now worth $9.6 trillion. That's about 25% of the total $38.4 trillion market value for all the companies in the S&P 500.
It may not be much longer before this tech septet (aka the Magnificent Seven of the Nasdaq) is worth a collective $10 trillion.
Some would argue that chip giant Nvidia (NVDA), which is now the most valuable semiconductor company in the United States, belongs in this group of high-profile techs, too. (Just call them the FAANNGs?)
Nvidia has a market valuation of just under $500 billion. So if you add it to the Nasdaq's Magnificent Seven, you're looking at eight tech companies worth about $10.1 trillion.
The case for an even longer bull market for Big Tech
This stunning run appears to be far from over.
"The big techs have longevity and can be leaders even if there are rotations into other sectors of the market," said Chad Oviatt, director of investment management at Huntington Private Bank, which owns Microsoft, Apple, Alphabet and Amazon in various funds focusing on global blue chip stocks.
Oviatt noted that with long-term bond yields remaining relatively low, the tech giants will be able to continue borrowing money at a low cost to fund future growth opportunities such as acquisitions and research and development expenses.
He added that there could be lasting consumer and business behavioral changes that will benefit many top tech companies. More people are likely to work from home, either permanently or on a hybrid schedule.
Oviatt said big techs may also get a boost from the plans in Washington to spend more on infrastructure, especially as the government looks to invest in building out wireless 5G technology.
Another strategist agreed that this clear visibility for earnings and revenue growth in the tech sector helps explain the momentum for top tech stocks.
"Tech is still a good play for many investors and a critical part of a longer term portfolio," said Jim Baird, chief investment officer of Plante Moran Financial Advisors. "We wouldn't tell people to move out of the tech sector because there are some great names there."
Baird added that he's not overly worried that investors are too late to get into big techs either, mainly because earnings are growing at a rapid enough clip to justify their stock prices. He also thinks worries about this being a top for tech stocks are misplaced, mainly because the economy and earnings have rebounded so sharply from the big pullbacks of last spring and summer.
"Valuation peaks tend to come at the end of an expansion," Baird said. "We're not there yet."
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Impact of Stimulus on Mongolian Banks www.fitchratings.com

The large and comprehensive economic stimulus launched by the Mongolian government from February 2021 has eased pressure on asset quality for the banking sector amid economic disruptions caused by measures to contain Covid-19. Fitch Ratings expects the stimulus to be the key driver of the performance and growth of the banking system’s loans in the short to medium term.Mongolia launched a MNT10 trillion programme to provide low-interest loans to corporates and individuals to support the restarting of their business activities. The amount is equivalent to about 60% of the system’s total loans at end-2020 and comes on top of other relief measures that are being deployed after the onset of the pandemic.One such measure, which is effective from 1 July 2021, will remove the negative credit history of certain eligible borrowers and aims to reduce the social and economic impact from the pandemic on the banking sector.Build-Up of Pandemic-Related Bad LoansThe problem loans (non-performing and past-due loans) of the sector’s active banks reached a peak of 18% at end-February 2021 from 14.7% at end-February 2020, before the pandemic caused widespread global disruptions.

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Mongolia reports 1,727 new COVID-19 cases, 15 more deaths www.xinhuanet.com

June 29 (Xinhua) -- Mongolia reported 1,727 new cases of COVID-19, and 15 more deaths from the virus, taking the national counts to 113,232 and 567 respectively, the country's health ministry said Tuesday.
A total of 9,085 samples were tested across the country in the past day, and the latest confirmed cases were local infections, said the ministry.
Among the total confirmed cases, 73,007 people have recovered from the disease so far.
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The HU to tour across the U.S www.montsame.mn

The HU, a Mongolian rock band, announced the schedule of its U.S. tour.
Specifically, the band will tour across 32 cities of the U.S. between September 1 and October 31.
The Hu is a band with its own music genre ‘Hunnu rock’ inspired from the ancient Mongolian empire the Hun, combining heavy metal with Mongolian musical instruments Morin khuur /horde-head fiddle/, tsuur /fife/, tovshuur and others and traditional Mongolian throat singing. Founded in 2016 by Mongolian music producer B.Dashdondog, the Hu band released their first album ‘Gereg’ in the USA in September with Eleven Seven Label Group, which reached number one in the World Albums chart by Billboard this week. This is the first time ever an album by a Mongolian band taken the top ranking on the Billboard Music chart.
In April 2019, their song “Wolf Totem” first hit the Billboard chart, ranking 22nd in the Hot Rock Songs category. At the same time, the song topped the Billboard’s chart Hard Rock Digital Song Sales thanks to the massive popularity it gained on social media platforms, while another song of the band - ‘Yuve Yuve Yu’ was ranked 7th on the same chart
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Additional funding worth over MNT 700 billion to be allocated to health sector www.montsame.mn

The Cabinet has convened irregularly today, June 29, and resolved the following issues.
At the meeting, the Cabinet discussed bills to amend laws on Fiscal Stability, 2021 Budget Framework Statement, Budget Assumptions for 2022-2023, State Budget for 2021, Budget of Social Insurance Fund for 2021 as well as other related laws, and decided to submit them to the Parliament.
According to the amendments to the state budget law, the ‘Child Money’ monthly allowance of MNT 100 thousand, which was first raised in May 2020 due to the COVID-19 situations, will be continually given to each child until the end of 2021. An additional MNT 576.0 billion will be required to grant the Child Allowance.
A total of 71.5 thousand welfare beneficiaries will continue receiving the raised pensions and benefits until the end of 2021.
Moreover, additional funding of over MNT 700 billion will be allocated to the health sector. For instance, the salaries of doctors and medical staff working in the ‘red zone’ will be raised by 50 percent, aside of increasing the cost of medicine required for the treatment of COVID-19 patients.
It is planned to grant monetary incentives of MNT 2 million to each of 13 thousand doctors and medical staff working in the ‘red zone,’ and MNT 1 million to each of 19.5 thousand workers of the health sector.
MNT 61 billion will be also spent on making reserves of essential reagents for molecular and biological analysis, diagnosing devices and antiviral drugs, MNT 110 billion -- preparing additional beds as well as MNT 3.7 billion -- the salaries of resident doctors.
Moreover, exemptions from utility bills (electricity, heating, water and waste bills) being provided to households and businesses will be extended until the end of 2021.
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Mongolia to have 9 consecutive non-working days on Naadam Festival this year www.montsame.mn

At its last week’s session dated June 23, the cabinet made a decision to organize the celebration of the forthcoming Naadam Festival – commemorating the 2230th anniversary of Foundation of the first Mongolian Statehood, 815th anniversary of the Great Mongol Empire and 100th anniversary of People’s Revolution of Mongolia - without audience and with online live translation with a view to prevent from further local transmission of COVID-19 cases.
Opening and Closing ceremonies for the Naadam Festival, wrestling, archery, horse riding and ankle bone shooting tournaments, State Grand Honorary Concert will be broadcast on TV, radio and social media channels from each of their venue throughout the public holiday.
In accordance with the law on public holiday, Mongolia celebrates the nationwide traditional Naadam Festival from July 11 to 15 for five days as a public holiday.
During the today’s irregular meeting, the cabinet issued a decision to declare the working day of July 16, Friday as a non-working day, to be compensated by making July 24, Saturday a regular working day, in order to ensure one-off bridge public holiday. As a result, a total of 9 days between July 10 and 18 will be marked as non-working days.
The June 29 cabinet session also decided to submit a revised bill on vocational education and training to the parliament.
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