Archive for the ‘Finance’ Category

• Global X to Launch Mongolia ETFs

  Apr 3, 13 • 1 Views • Business, Finance, News • Urjee • No Comments

  Global X has announced that they will begin trading The Global X Central Asia & Mongolia Index ETF (NYSEArca:AZIA) Wednesday, April 03, 2013. The Global X Central Asia & Mongolia Index ETF (“Fund”) seeks to provide investment results that...

• Mongolia Exchange Value May Reach $40 Billion on Rule Change

  Mar 27, 13 • 19 Views • Business, Finance, News • Urjee • No Comments

  The passage of a Mongolian securities law allowing dual listings would boost the value of the nation’s stock exchange by 33-fold to $40 billion within five years, said the bourse’s chief executive officer. The legislation may be passed during the...

• MSE listed companies released their financial reports

  Mar 13, 13 • 36 Views • Business, Economy, Finance, Government, Mining, News • Urjee • No Comments

  Mongolian Stock Exchange (MSE) published 2012 financial reports of the publicly listed companies in Mongolia. Of those MSE traded companies submitted their financials to date, “Tavantolgoi” (small Tavan Tolgoi), a joint stock company, owned by Umnugovi...

• Mongolia Trade & Commodity Finance Conference to take place

  Mar 7, 13 • 47 Views • Business, Finance, News • Urjee • No Comments

  It was announced by Exporta, a business group that serves the information needs of the global financial community, that it is organizing a Mongolia Trade & Commodity Finance Conference in Ulaanbaatar on 14th May, 2013.  Targeting the Mongolian trade and...

• BankWatch in Mongolia?

  Mar 6, 13 • 33 Views • Economy, Finance, Mining, News, Politics • Valencia • No Comments

  Despite the refusal by the Mongolian government on supporting Oyu Tolgoi Phase-II project finance process, World Bank’s “legally separate” IFC board has approved the loan of USD200-300 million. It proved that Rio Tinto is more convincing...

• 51 Public companies released their annual reports

  Feb 25, 13 • 23 Views • Business, Finance, Government, News • Urjee • No Comments

  Publicly traded companies registered at Mongolian Stock Exchange (MSE) are required to submit their annual financial reports by the 10th February in accordance with the Company law and other related regulations. The financial reports must have been audited by...

• Savings Insurance Corporation to be established

  Feb 19, 13 • 2 Views • Banking, Business, Economy, Finance, News • Urjee • No Comments

  Mongolian parliament passed a Savings Insurance Law on the 10th January, 2013. Within the framework of the new law, a task force with representatives from Ministry of Finance and the Mongol Bank has been established to set up a Savings Insurance Corporation...

• Orix Corporation to invest in Mongolia

  Feb 7, 13 • 2 Views • Business, Companies, Finance, News • Urjee • No Comments

  Japan’s Orix Corporation announced on the 4th February that it would invest in Mongolia Opportunities Fund I, the country’s first ever private equity vehicle. According to Asahi Shimbun, Orix, an integrated financial services group, aims to use...

• Board members of Mongolian Stock Exchange newly appointed

  Feb 5, 13 • 8 Views • Business, Finance, News • Urjee • No Comments

  New board members of Mongolian Stock Exchange JSC (MSE) has been selected and appointed in accordance with the last months State Property Committee’s (SPC) decision. M.Batgerel, Chairman of Policy and Implementation Department of SPC has appointed as a...

• FINANCE MONGOLIA 2013 to be held on 22-24 February

  Jan 30, 13 • 4 Views • Business, Companies, Finance, News • Urjee • No Comments

  Following the rapid economic growth in Mongolia, development and sophistication of financial institutions and their services in the country are becoming prevalent. More than a dozen commercial banks, eighty or so non-banking financial institutions, around 200...