1 ODD-EVEN TRAFFIC RESTRICTION CONCLUDES WWW.UBPOST.MN PUBLISHED:2025/09/15      2 MMC ANNOUNCES FIRST GOLD POUR COMPLETED AT THE BAYAN KHUNDII MINE IN MONGOLIA WWW.SG.FINANCE.YAHOO.COM  PUBLISHED:2025/09/15      3 MKE LAUNCHES CARTRIDGE PRODUCTION LINE IN MONGOLIA WWW.RAILLYNEWS.COM  PUBLISHED:2025/09/15      4 MONGOLIA’S LARGEST MINING EVENT HIGHLIGHTS INVESTMENT AND RESPONSIBLE MINING WWW.MONTSAME.MN PUBLISHED:2025/09/14      5 GENERAL MEETING OF ASIA SECURITIES FORUM OPENS IN ULAANBAATAR WWW.MONTSAME.MN PUBLISHED:2025/09/14      6 BUDGET 2026: MINISTRY REPORTS RAISING MINIMUM PENSION TO MNT 1.5 MILLION NOT FEASIBLE UNDER CURRENT BUDGET WWW.GOGO.MN PUBLISHED:2025/09/14      7 ULAANBAATAR AND JAPAN STRENGTHEN CLEAN ENERGY PARTNERSHIP WWW.MONTSAME.MN PUBLISHED:2025/09/14      8 730 BREEDING SHEEP WERE BROUGHT FROM MONGOLIA TO NAMANGAN UZBEKISTAN WWW.ZAMIN.UZ  PUBLISHED:2025/09/14      9 MONGOLIA RECORDS USD 16.6 BILLION IN TRADE WWW.MONTSAME.MN PUBLISHED:2025/09/11      10 GOVERNMENT REPORTS OPERATIONAL IMPROVEMENTS AT ERDENES TAVANTOLGOI UNDER SPECIAL REGIME WWW.MONTSAME.MN PUBLISHED:2025/09/11      ШЭНЬ МИНЬЖУАНЬ: БНХАУ МОНГОЛ УЛСЫГ ШХАБ-ЫН ГЭР БҮЛД НЭГДЭЖ, ХАМТЫН АЖИЛЛАГААГАА ӨРГӨЖҮҮЛЭХИЙГ УРЬСАН WWW.ITOIM.MN НИЙТЭЛСЭН:2025/09/15     Г.ЗАНДАШАТАР: ТӨРИЙН ДАНХАР БҮТЦИЙГ ХУМИХ АЖИЛ ИРЭХ ОНД Ч ҮРГЭЛЖИЛНЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/09/15     Ц.ТУВААН: НҮҮРСНИЙ ҮНЭ 3 САР ТУТАМ ШИНЭЧЛЭГДЭНЭ. ГЭРЭЭНД ЯМАР Ч НУУЦ БАЙХГҮЙ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/09/15     ХАНЫН МАТЕРИАЛД 1800 АЙЛЫН ОРОН СУУЦ БАРИХ ТӨСЛИЙН ГҮЙЦЭТГЭГЧ ШАЛГАРЛАА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/09/15     "ТАТВАРЫН ХЭТ ӨНДӨР ТООЦОО БИЗНЕС ЭРХЛЭГЧДИЙГ ХААЛГАА БАРИХАД ХҮРГЭНЭ" WWW.NEWS.MN НИЙТЭЛСЭН:2025/09/15     ГАДААД ХУДАЛДААНЫ НӨХЦӨЛИЙН ИНДЕКС ӨМНӨХ ОНООС 4.1 ХУВИАР БУУРЧЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/09/15     ЭХНИЙ НАЙМАН САРЫН БАЙДЛААР 600 МЯНГАН ЖУУЛЧИН ИРЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/09/15     ШАХМАЛ ТҮЛШНИЙ БОРЛУУЛАЛТ ӨНӨӨДРӨӨС ЭХЭЛЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/09/15     “МОНПОЛИМЕТ" ГРУПП ДОРНОГОВЬ АЙМГИЙН ӨРГӨН СУМАНД ЕБС БАРИХ ТӨСӨЛ ЭХЛҮҮЛЖЭЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/09/14     ЗАСГИЙН ГАЗАР MINING AI САНААЧИЛГА ХЭРЭГЖҮҮЛЭХЭЭ ХӨРӨНГӨ ОРУУЛАГЧДАД ЗАРЛАЛАА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/09/14    

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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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Blacklist System Abolished: Mongolia Introduces Credit Scoring www.montsame.mn

Minister of Digital Development, Innovation, and Communications Batshugar Enkhbayar, together with relevant officials, announced that the banking blacklist system has been abolished, following the enforcement of amendments to the Law on Credit Information, which commenced on September 1, 2025.
At the press briefing, the minister emphasized that the old blacklist system has been replaced with a credit scoring system. Previously, individuals listed on the blacklist were barred from obtaining loans for six years, even after fully repaying their debts. Under the new framework, credit information providers must update their operations by September 15, 2025.
Citizens will now be assessed by credit scores, starting from a baseline of 511 points, which indicates financial solvency. The scores will range up to 999, with the national average estimated at 650. Higher scores will give borrowers access to lower interest rates and more favorable financial services. Negative repayment history will lower scores initially, but can improve over time.
Minister Batshugar stated, “In May 2025, I initiated the amendments to the Law on Credit Information, which were subsequently adopted by the Great State Khural. Accordingly, today, the Governor of the Bank of Mongolia issued an order nullifying the blacklists of both businesses and individuals in commercial banks. This order applies to all institutions that provide data to the credit information system. As a result, around 70,000 individuals and entities have been removed from the blacklist. With the new system, borrowers who repay their loans on time will be rewarded with higher scores, allowing them to access financial services under more favorable conditions.”
As of 2025, the credit information system includes data from 12 banks, 436 non-bank financial institutions, telecommunication companies, state funds under ministries and agencies, savings and credit cooperatives, and other entities. As of 2025, it holds records of 1.6 million individuals and 19,600 enterprises.
The Great State Khural received the draft amendments to the Law on Credit Information on December 24, 2024.

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President of China Xi Jinping to visit Mongolia www.akipress.com

President of China Xi Jinping is expected to visit Mongolia soon, according to Minister of Road and Transport of Mongolia Delgersaikhan Borkhuu.
During the visit, the two nations plan to discuss connecting additional ports by rail, beyond the existing Gashuunsukhait-Gantsmod port.
Borkhuu emphasized that the construction of the Gashuunsukhait-Gantsmod railway had been stalled for 16 years, a mistake he said must not be repeated. The project is now moving forward, with a total cost of $235 million (₮848 billion). Of the 2,341 pillars required, 114 have already been installed, and the project is expected to be completed ahead of schedule.
Borkhuu noted that China is fully funding this specific project, with Mongolia not having spent any money on it so far. Once operational, the railway is projected to transport 20 million tons of coal from mines and another 10 million tons via a narrow-gauge railway annually.

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Mongolia's central bank buys 7.7 tons of gold in 8 months www.xinhuanet.com

Mongolia's central bank said Monday it had purchased a total of 7.7 tons of gold from legal entities and individuals during the first eight months of this year.
As of August, the Bank of Mongolia's average gold purchase price stood at 387,259.12 Mongolian tugriks (about 107.7 U.S. dollars) per gram, the bank said in a statement.
Purchasing gold is one of key ways for the central bank to ensure the country's economic stability by consistently increasing foreign currency reserves.
According to the central bank, Mongolia's foreign exchange reserves totalled 5.38 billion U.S. dollars at the end of July 2025.

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Mongolia Welcomes New Zealand Speaker Gerry Brownlee www.montsame.mn

At the invitation of Amarbayasgalan Dashzegve, Mongolia's Speaker of the Great State Khural (Parlaiment), a delegation led by the Speaker of the House of Representatives of the New Zealand Parliament, Gerry Brownlee, arrived in Mongolia for an official visit on August 31, 2025. 
The delegation was welcomed by Deputy Speaker of Parliament Bulgantuya Khurelbaatar, Ambassador of Mongolia to New Zealand, Davaasuren Damdinsuren, the Chairman of the Mongolian-New Zealand Parliamentary Group, Erdenebold Sukhbaatar, and other government officials.
As part of the visit, Speaker Amarbayasgalan, and the Speaker Brownlee, are scheduled to discuss strengthening bilateral relations and enhancing institutional ties between the two countries.
This visit marks the first official visit to Mongolia by the speaker of New Zealand.
Mongolia and New Zealand established diplomatic relations in 1975, and 2025 commemorates the 50th anniversary of bilateral cooperation.

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President of Mongolia U. Khurelsukh Received by President of China Xi Jinping www.president.mn

President of Mongolia Khurelsukh Ukhnaa, along with First Lady Bolortsetseg Luvsandorj, participated in the official welcoming ceremony for the Heads of State and their spouses from SCO member and observer countries, as well as countries participating in the “SCO+” framework and international organizations, on August 31, 2025.
Upon their arrival at the Tianjin Meijiang Convention and Exhibition Center, the President of Mongolia and his spouse were warmly welcomed by President Xi Jinping of the People’s Republic of China and First Lady Peng Liyuan. The leaders exchanged greetings and posed for commemorative photographs. Following this, the Heads of State of 10 participating countries and leaders of international organizations, along with their spouses, also posed for an official group photo.
After the official welcoming ceremony, President Khurelsukh and First Lady Bolortsetseg attended the official dinner hosted in honor of the foreign dignitaries.
On September 1, 2025, President Khurelsukh will deliver a speech at the expanded session of the 25th Heads of State Council of the Shanghai Cooperation Organisation (SCO).

 

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Tsogtgerel Odon Elected Chairman of Democratic Party www.montsame.mn

The National Policy Committee of the Democratic Party convened on August 31, 2025, to elect a new party chairman, resulting in the selection of Member of Parliament and head of the Democratic Party’s parliamentary group, Tsogtgerel Odon.
The election process was conducted in two rounds. In the first round, 314 members of the National Policy Committee cast their votes, with the following results: Tsogtgerel Odon received 196 votes, Purevdorj Bukhchuluun 82 votes, Bayarmaa Judag 33 votes, and Otgonbat Barkhuu three votes. As a result, Otgonbat was eliminated, and a second round was scheduled among the remaining three candidates. However, Purevdorj and Bayarmaa withdrew their candidacies, leading to the confirmation of Tsogtgerel as party chairman.
According to party procedure, this decision by the extraordinary session of the National Policy Committee will be presented to the party's Congress members for formal ratification.
In his remarks, Tsogtgerel stated, "The Democratic Party must be ambitious to win not just once, but repeatedly. The DP has many heroes."
Tsogtgerel Odon, the newly elected party leader, is the director and president of the Teso Corporation, and has previously served as an advisor to the Prime Minister and as the head of the Democratic Party's branch in Uvs Province. He has been elected to the Great State Khural (Parliament) twice and has led the Democratic Party's parliamentary group since 2022.

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Family members of Japanese who died in Mongolia after WWII appeal for peace www.nhk.or.jp

Family members of Japanese nationals who died during detention in Mongolia after World War Two have stressed the importance of peace at a memorial event.
About 14,000 Imperial Japanese military personnel and Japanese civilians were detained by the former Soviet Union after the war and sent to Mongolia via Siberia. About 1,700 of them are believed to have died from cold, hunger, hard labor and other causes.
The event was held on Sunday in Chiba City, near Tokyo, to mark 80 years since the war ended.
The Mongolian ambassador to Japan, Banzragch Bayarsaikhan, gave a speech. He stressed the importance of maintaining peace, and expressed hope that warm, friendly bilateral ties will continue.
Suzuki Fusae from Tokyo's Komae City lost her father in Mongolia. She accompanied the Japanese Emperor and Empress when they paid their respects to the deceased Japanese during their official visit to Mongolia in July.
Suzuki said she remembers the Imperial couple observing a moment of silence in the rain at the memorial. She said the sky completely cleared after their prayers and they bowed deeply again. She described the scene as the most impressive moment in her life.
Suzuki spoke about the structures built by the detained Japanese that are still standing today. She said they were carefully constructed without machinery, and she feels proud of her father and the other detained people. She expressed hope that the structures will be used to promote peace.
A participant in his 60s said he had never heard that Japanese nationals were detained in Mongolia, and he thinks it is important to pass on the memories of what happened.

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President U.Khurelsukh to attend SCO Heads of State meeting as observer www.gogo.mn

Khurelsukh Ukhnaa, the President of Mongolia, will attend the expanded meeting of the Council of Heads of State of the Shanghai Cooperation Organization (SCO) member states in Tianjin, China, on August 31- September 1, 2025, as an observer.
At the session, President U.Khurelsukh is scheduled to deliver a speech outlining Mongolia’s stance on relations with the SCO and on regional cooperation. He also plans to hold bilateral meetings with heads of state from SCO member countries and dialogue partners to exchange views on issues of mutual interest.
In addition, President U.Khurelsukh intends to take part in a trilateral meeting with the heads of state of Russia and China during his visit to the People’s Republic of China.

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Mining Sector Requests Extension on New Royalty Calculation Method www.montsame.mn

Prime Minister of Mongolia Zandanshatar Gombojav held a meeting with key representatives of the mining sector.
The Government of Mongolia has revised the methodology for calculating Mineral Resource Royalties (MRRL), opting to base MRRL on the trading prices listed on the Mining Commodity Exchange or the Mongolian Stock Exchange (MSE). This change was prompted by concerns that, under the previous methodology, mining enterprises were being taxed at rates exceeding their actual sales prices, creating significant financial pressure. For instance, the prices used to calculate royalties for enriched coking coal, fluorspar 54.3 percent, and iron ore were on average 22.6 percent higher than their actual market prices, according to the Minister of Mining and Heavy Industry (MMHI), Damdinnyam Gongor.
MRRL was previously calculated based on international reference prices, which benefited companies during periods of high raw material prices. However, when prices declined, enterprises faced financial losses and were forced to suspend operations. Enkhbat Dorjpalam, Director of Energy Resources LLC, expressed appreciation for the government’s shift toward calculating MRRLs based on actual exchange prices. He also requested that the implementation of this revised methodology be extended further.
The government’s decision to adopt the new MRRL calculation method will remain in effect until the end of the year. Meanwhile, Byambadagva Bayaraa, President of the Mongolian Coal Association, proposed that MRRLs also be applied to other types of coal not currently traded on the exchange.
Under the revised methodology for calculating MRRL, enterprises that trade at least 25 percent of their products on the exchange will be required to calculate the value of their entire output based on prices listed on the MSE. This policy is expected to boost exchange-based trading and generate an estimated MNT 100 billion in additional revenue for the state budget in accordance with the projection by the MMHI. Meanwhile, Mandakhbayar Doljinsuren, Executive Director of Gan Khuder Ord LLC, raised concerns about the issue of double MRRL collection and urged the government to pay special attention to the challenges faced by entrepreneurs in the mining sector.
In response, the prime minister has instructed the Ministry of Finance to review the proposal from Mandakhbayar Doljinsuren of Gan Khuder Ord LLC and assess potential solutions.

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Mongolia to supply more textiles, cashmere, and meat to EAEU countries www.akchabar.kg

The Eurasian Economic Union intends to increase supplies of Mongolian goods to its market under a temporary trade agreement. These goods include textiles, cashmere, and meat products, which will diversify the range of products available on the Union's domestic market and better meet consumer demand. According to EEC Trade Minister Andrei Slepnev, this will diversify the range of goods on the Union's domestic market and better meet consumer demand.
Measures to increase supplies have been agreed as part of a temporary trade agreement with Mongolia, signed on June 27, 2025, in Minsk. At a seminar on developing sectoral cooperation with Mongolia, participants also discussed removing technical barriers to trade and raising awareness of potential partners, which will simplify mutual access to markets for goods.
The implementation of these initiatives will form the basis for upcoming meetings of the joint committee on the implementation of the agreement and subsequent consultations between the EAEU and Mongolia.

 

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