Daily Business News Mongolia

Ts.Elbegdorj: Our MPs will come back once their utilization time is over

There are three reasons to use DemParty (Excerpts of MP Ts.Elbegdorj’s interview with Zuunii Shuudan newspaper)

Q: You are experienced politician who led two Governments. Even you were the Prime Minister of the coalition Government. What is your position towards S.Bayar’s Government?
Ts.Elbegdorj: Tell you the truth. This Government has no courage to tell the real situation to its people. Once it is failed to tell the truth, everything is lie. Alos it tries to reolsve any issue with terror. It is not serving to its people but it is using tyranny. Poverty and inflation cannot be solved through jail. (more…)

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Marubeni expressed its interest in uranium exploitation

Prime Minister S.bayar received Mr. Kokubu, Vice President of Marubeni Corporation. In the last October, during the Mongolia-Japan joint consultative meeting of Government and private sector, Mr. Ishige, Vice Minister for Economy, Commerce and Industry of Japan, expressed its interest in investing and cooperating in uranium sector.
According to this proposal, Mr. Kokubu, Vice President of Marubeni Corporation is visiting to Mongolia. They expressed their interest in uranium exploration and exploitation in Gurvanbulag uranium deposit in Dornod aimag. (more…)

Posted in Government, Mining, News, Politics | 1 Comment »

Mongol Bank decides the faith of the construction industry of Mongolia

Mongol Bank pursues strict monetary policy to harness the inflation. But it is harming some businesses and private sector. It increased its principal interest rate twice since the beginning of 2008 and it was the warning for the commercial banks to limit or stop their loan granting. Housing loan was limited and apartment and housing price fell by 30-40%. Also construction companies have no fund to complete their projects. Commercial banks stopped their loan, even they wish to they have limited source. (more…)

Posted in Economy, Finance, Government, News, Real Estate | 3 Comments »

Mr. N.Altankhuyag, the First Deputy Premier: Government can provide “Grant of the Motherland”

First Deputy Premier N.Altankhuyag visited to MM agency evening news. During the live interview , he answered some questions regarding the coalition government action plan, changes in people’s life and economy crisis.
The Government stated GDP per capita will be 5000 US$ in next four years, but it is 1800 US$ now. He also talked about the calculation for this estimation. Also the Government will be transparent and can listen its citizens. (more…)

Posted in Government, Interview, Mining, News, Politics | No Comments »