Mongolia Business and Mongolian Daily Business News

MP D.Zagdjav, D.Batbayar proposed draft law on Limited Casino to Speaker D.Demberel. Casino business is soaring around the world and our two neighbours are allowing limited casinos in certain zones and areas. Neighboring regions of our neighbor countries don’t have any casinos or gambling centers, which allows Mongolia to flourish such businesses. Law initiators believe that it will contribute to the Mongolian economy and revenue.

One percent of casino income will be collected into the “Good Will” Foundation, a social welfare fund. The casino is only open to foreign nationals and the Government of Mongolia will own certain part of the casino.

“Oyu Tolgoi” LLC Community Relations and Sustainable Development Department  is pleased to invite registered and interested bidders to the following public information sessions pertaining to two current tenders as listed below:

Community Health, Safety and Security Program Design Consultancy (RFP-OT-MR005508)

Information session to be held on Thursday, February 4, 2010 at 2:30 pm

Location: Chinggis Khan Hotel, Ulaanbaatar, Mongolia Read the rest of this entry »

International chess tournament will be held during the 19-24 of this month. The international chess tournament is organised by Mon Chess club and Mobicom Corp and it will take place at the Chingis hotel. Team of players including grand master B.Khatanbaatar, World’s Chess Association master D.Erkhembayar, international master L.Myagmarsuren and T.Batchimeg will represent Mongolia in this tournament. Additionally, international master Timur Ivanov of Russia and Torben Sorensen of Denmark are due to take part in this event with an invitation. Read the rest of this entry »

HUESCA .- It is the fact that this interpreter was already ranked second in the last edition of the competition. En la prueba final interpretó composiciones de Brahms y Stravinsky. In the final test performed compositions of Brahms and Stravinsky.

Hirayama Asami Japan was second and carried six hundred thousand euros, plus the ability to interpret a recital this season at the Conservatorio Profesional de Música de Huesca. Anastasia Starkova, young Russian only eighteen, was ranked in third place, which gets a prize of euros after a final eight in which he interpreted compositions by Beethoven, Mendelssohn, Chopin, Liszt and Gounod. Read the rest of this entry »

The Coin of the Year Award for 2009 has been won by Mongolia for a silver 500-tugrik coin that depicts a wolverine with diamond eyes.

An international panel made the selection in a second round of balloting that concluded in mid January. The judges chose from among the winners of 10 categories determined by their first round of voting.
The award will be presented Feb. 7 in a special ceremony at the World Money Fair in Berlin, Germany, by David C. Harper on behalf of World Coin News, sponsor of the award and a sister publication to Numismatic News.
“The judges had to be drawn to the eyes of the wolverine. They are quite compelling,” Harper said of the winning coin.
“This year’s field had many strong candidates for the top honor and they should be proud to have won in the 10 nominating categories.”
The U.S. Mint and the National Bank of Belarus dominated the first round of balloting.

Three of 10 award categories were won by the United States and two categories were taken by Belarus.
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L.Gansukh, Minister of tourism departed yesterday to South Korea for an official meeting with South Korea’s Minister of Environment, Culture, Sport and Tourism. The aim of the visit is to negotiate annual meetings with the Korean Ministers  and to also exchange opinions on the environment, culture, sport and tourism. In 2009, a congress will be held on climate changes supported by N.Enkhbayar, President of Mongolia. The other goal is to incorporate South Korea into the congress which will benefit both countries and may provide solutions to tackle the problems of climate changes. Read the rest of this entry »

58.6 thousand shares were sold at MSE totalling 14.1 million MNT trade. 2760 Remicon share and 168 Monfresh shares were sold at the primary market. The most actively traded shares at the stock market were Khukh gan (31.3 thousand shares) and UID (9.0 thousand shares). In comparison to the previous day’s trade share price of Gazar suljmel was increased by 11.11% and share price of Khukh gan by 10.23% but share price of Zoos goyol was decreased by 8.81% and share price of SBB by 8.33%. Read the rest of this entry »

TOKYO (AFP) — Mongolian sumo wrestler Ama has been promoted to the second-highest rank in another show of the country’s dominance of Japan’s ancient sport.

“I would like to accept it humbly. I will earnestly devote myself to pursuing the path of sumo,” Ama, clad in a formal kimono and bowing deeply, said in Japanese during a ceremony at his stable.

The decision by the Japan Sumo Association to promote Ama to ozeki — just one rank below grand champion — was unanimous.

The 24-year-old wrestler, real name Davaanyam Byambadorj, changed his ring name upon promotion, as other wrestlers have before. His new moniker is Harumafuji, meaning sun horse and Mount Fuji. Read the rest of this entry »

From the boundless steppes of Mongolia, young Tuvshinbayar Naidan achieved victory over a series of heavily favored adversaries to become his country’s first Olympic gold medalist at this summer’s Beijing games. Last week, he was in Niagara Falls, seeing the sights, sampling the Italian cuisine and acclimating himself to life as an international celebrity.
“In my country we look to America,” he said. “My people value their freedom, and America is the land of the free.” Naidan’s family are traditional, nomadic people who follow their herds of horses and sheep across the vast steppes as they have since the days of Genghis Khan. In American terms, he grew up living the life of a cowboy, working alongside his father from the age of 6 and developing the phenomenal strength that served him so well in Beijing.
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Petrol price has reduced by 60-150 MNT from yesterday. In Relation to this news petrol importing companies are urging other companies and businesses to reduce their prices of goods and services as price of petrol have become more affordable and it is looking to reduce further. The most important issue is that public expects a reduction in the cost of public transport and taxi services.
Vanchigmaa, Finance Department Director of Public Transport is investigating this matter and she has said “Due to a constant decrease in price of petrol we have started planning to reset the tariff of the transport system”.