A regular consultative meeting and the first ever meeting on regional security between the Ministry of Foreign Relations and Trade of Mongolia and the Ministry of Foreign Affairs of Japan held on October 8, 2008 in Ulaanbaatar. The meeting was chaired by the Deputy Foreign Minister of Mongolia, Mr.B.Enkhmandakh, and the Deputy Foreign Minister of Japan Mr. K.Sasae. (more…)
Q: The Government will revoke tax on oil product and petroleum. What is your position on it?
S.Bayartsogt: When price increase, tax issue is discussed through parliament. The Government has a right to manage. Accordingly, Government of Mongolia held meeting on this issue and decreased tax on petroleum twice and exempted VAT and Customs tax. But petroleum price was still increasing. But now petroleum price is decreasing sharply, so we are reviving tax on petroleum starting from October 15 2008. We will pursue the policy to halt all types of tax and subsidy.
Q: Will petroleum price increase in the future if you revive tax on petrol?
S.Bayartsogt: The First Deputy Prime Minister met with the senior officials of the petroleum importing companies. As for today, if compare the petrol price set by the importing companies and the world market increase, price in Mongolia is higher. Therefore, we proposed them to decrease their price and they received it. Both sides reached the common consent on the possibilities to stabilize the price of petroleum.
PERTH, WESTERN AUSTRALIA-(Marketwire - Oct. 7, 2008) -
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Troy Resources NL (”Troy”) (TSX:TRY)(ASX:TRY) -
Dear Shareholders
Volatility in the equity markets has negatively impacted most junior gold equities in 2008. For most of this year Troy’s share price movement have been similar to that of its peers. Yesterday’s fall however was significant and I wanted to take this opportunity to update shareholders on Troy’s various activities. (more…)
Posted on: Wednesday, 8 October 2008, 09:00 CDT
ULAANBAATAR, MONGOLIA–(Marketwire - Oct. 8, 2008) - Gene Wusaty, Chief Operating Officer, Coal Division of SouthGobi Energy Resources Ltd. (TSX VENTURE:SGQ), announced today that the company has discovered a new coal formation 10 kilometres southeast of the company’s producing Ovoot Tolgoi coal mine. The new coal discovery is approximately 33 kilometres (approximately 20 miles) north of the China-Mongolia border (see www.southgobi.com for location map). (more…)
Prime Minister S.Bayar received Mr. K.Sasae, Deputy Minister for External Relations of Japan, who is attending to the consultative meeting between Foreign Ministries of Mongolia and Japan. Prime Minister S.Bayar made request to support in launching the second phase of the two-phased soft loan to build a new airport in Ulaanbaatar. (more…)
MP O.Chuluunbat was interviewed regarding to the budget modification of year 2008 and general budget of year 2009.
Q: You said that the budget modification was quite impressive. What was the reasoning of your conclusion?
MP O.Chuluunbat: Because our budget was calculated without big loss. It is important for Mongolia.budget loss was 3-4% in the last 10 years and 5-6% in mid 90s. if there will be loss, then investors and even our domestic business community will conclude that this Government cannot manage its management. If you have 1000 MNT salary but you borrow 1100 or 1200 MNT from you friends, then this family has very poor management on money. Exactly like this, there was time that our budget management was poor. Therefore, I thought that this is very good proposal because it balances our budget. In order to attract big money from abroad, we shall pursue correct monetary and budget policy, according to the world market rule of business and investment. Then we will be appreciated by others. (more…)
According to the budget modification of year 2008, the budget of President’s Office was set at 1,924.1 million MNT and it was increased by 126.3 million or 7% than budget plan approved for the year 2008. President of Mongolia took part in the honorary ceremony of the stately honored mountains of Sutai, Tsambagarav of Khovd aimag, Khan Khukhii of Uvs aimag, Altan Ovoo of Sukhbaatar aimag, and Sutai mountain of Gobi Altai aimag. This was the main reason of the increased budget. (more…)
The Standing Committee for the State Structure held meeting and made decision on several issues. There were no questions from MPs. MP N.Enkhbold and D.Odkhuu made proposal to approve budget for the assistants and their equipment. It was supported by other MPs. “According to the last year’s budget MPs entitled to have up to 5 assistants. Will it be the same as for this year?” MP D.Odkhuu asked. Also MP N.Enkhbold added that equipments and computer facilities were bought 4 years ago and they are so old to perform. Therefore, it needs to be regularly upgraded. (more…)
After pulling out of the autumn tournament in Tokyo due to injury, Yokozuna Asashoryu returned to Mongolia on Tuesday to recover.
The 28-year-old sumo champion has announced that he is devoting his efforts to recuperating, and will not be appearing in an autumn tour, and possibly November’s tournament in Kyushu.
Asashoryu asked the Japan Sumo Association for a four-week break after doctors diagnosed him with a ligament injury on the inside of his left elbow. (more…)
“Enter to learn; go forth to serve” and “the world is our campus” do not only apply to students. Retired BYU professor Gloria Wheeler is putting both into practice as a Fulbright scholar in Mongolia.
The former director of the Romney Institute of Public Management is teaching research methods to MBA students at the Institute of Finance and Economics in Ulan Bator, Mongolia’s capitol. She will also teach other courses related to her expertise applied statistics and human resource management, Wheeler said in an e-mail interview. (more…)
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