Archive for April, 2008
MP E.Bat-Uul: State Ownership Over Strategic Deposits Means These Deposits Are Politicians’ Properties
Economic Standing Committee of the parliament discussed yesterday the draft law on modifications to the Minerals Law of Mongolia, initiated by E.Bat-Uul, M.Zorigt and R.Erdeneburen and which is called as Short distance and pre-election political show by MPRP.
Since it is the only Standing Committee in which DP members are majority, it supported the draft law […]
S.Shaariibuu’s Statement is a Private Opinion
It is previously reported that S.Shaariibuu, father of a woman, killed at the Malaysian politician order, held a press conference in Malaysia. In his statement on behalf of Minister of Foreign Affairs, he noted that unless the case is decided fairly, bilateral relations of the two might be halted. We got details from MFA on […]
Arabs Express Their Interest In Banking & Financial Sector
Yesterday, President N.Enkhbayar received Mohammed Saif Ali-Svaidi, who is envoy of UAE Emir, project director of Abu Dhabi Development Foundation. M.S.Ali-Svaidi handled the president letter of Abu Dhabi Development Foundation’s director Mansur Bin Zaied Ali Nahayan. During the meeting, mr.Ali Svaidi expressed UAE’s interest in Mongolian banking and financial sector. And in letter, Arabs wrote […]
A.Batsukh: Tugrug Rate Is Getting Tightened
In recent days a fear that tugrug rate might fall down is among the public. Halting of lending by commercial banks contributed to this guesstimate. Last Friday, authorities of Ministry of Finance and the Mongolbank expressed their positions officially.
Ch.Ulaan, Minister of Finance highlighted that Mongolian economy and finance goes through a not so easy phase […]
Ch.Tumenbayar: Gobi Brand Is To Be Sold at Ginza Street in Tokyo and in Paris and New York Boutiques
Tendency of price fall in cashmere creates favorable opportunities for domestic producers this year. We got some details from Ch.Tumenbayar, Executive Director of Gobi Cashmere Ltd.
What do you think, what are the reasons of decline in cashmere price?
Chinese Government issued a decree on not to import raw cashmere to China. Also the Parliament of […]
Bloomberg Is To Broadcast Mongolian Financial News
Bloomberg agency, which broadcast financial market information, is to broadcast stock trading information at the Mongolian Stock exchange worldwide. Last March, these two organizations concluded an agreement and Bloomberg delegates are visiting Mongolia to get acquainted with activities of the Stock Exchange. Stocks over 300 companies are traded at the Stock Exchange.
Since financial organizations of […]
USD 270 Million for New Airport Is Not a Burden on State Budget
Parties have tentatively agreed on constructing an international airport in Khushig valley in Tuv aimag at the soft loan, provided by Japanese International Cooperation Bank. In order to use this asset, the Government of Mongolia should negotiate with the parliament on the Loan Agreement on A Project to Construct International Airport in Ulaanbaatar. […]
New Ambassadors Express Integrity, Responsibility, and Confidence
Yesterday, Prime Minister S.Bayar held a meeting with newly appointed ambassadors that A.Battur to Belgium, S.Khurelbaatar to North Korea, O.Ochirjav to Turkey, and discussed about foreign policy issues. Ambassadors will depart to their countries soon. During the meeting, prime minister stated that: “In recent years, government policy to diplomatic mission has been tending to […]
Minerals Draft Laws Are Discussed As a Complex
A group of Democratic Party in the Parliament of Mongolia held a restricted meeting yesterday and discussed laws and regulations to be discussed this week. With reference to 68 percent windfall tax on gold, the Parliament is to discuss draft law on modifications to Bank law and Treasury law. The draft law says that gold […]
Miner SouthGobi May Tap HK Market for US$ 800m
Another overseas mining company eyes Mongolian assets
SouthGobi Energy Resources, a Canadian-listed mining company that owns mines in Mongolia, plans to raise as much as US$800 million from a secondary share offering in Hong Kong later this year at the earliest.
UBS had been hired to arrange the share sale, sources said, adding that the lower end […]
