Daily Business News Mongolia

Democratic Party Confirms Its Independent Participation in Election

National Consultative Committee is to be re-held on 25 May

The XXIV regular session of NCC of DP started its operation at 10.50 last Saturday with attendees of 80 percent out of 230 members. This session has been held close since it was related to the election. At the beginning of the Session, prerogative rights of 12 persons, won the re-election in NCC have been confirmed.
At the end of this month parties and coalitions must be registered at GEC. Thus next issue discussed at the session was all about it. NCC members confirmed that DP should take part in the election independently. In the Afternoon, Ts.Elbegdorj, DP Leader introduced and had approved his action program-10 right policies of DP for the election. Members think that the action program is the concise and precise yet lively in comparison to the MPRP action program. (more…)

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PM Holds Meeting with Pratibha Mehta

Last Friday Prime Minister S.Bayar received Pratibha Mehta, Resident Representative of the United Nations to Mongolia at her permanent leave and evaluated her activities in Mongolia highly. On a same day S.Bayar received Yu Hongyao, Ambassador, Extraordinary-Plenipotentiary of PRC to Mongolia. Prime Minister expressed deep condolence on behalf of the Government of Mongolia and himself for the tragedy occurred due to earthquake in Sichuan. He informed that the Government of Mongolia decided to grant USD 50.000 as humanity aid to those hit by natural disaster and transferred it to the Embassy account, handing the transaction copy to the Embassy.

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MCA Starts Operating on July

Governing Board of the Millennium Challenge Corporation (MCC) approved the general agreement proposal of USD 285 million to be concluded with the Government of Mongolia in order to eradicate poverty through economic growth. The agreement focused on four main sectors such as railways, ownership, professional education and health and especially on key support of Mongolia’s economic development, including efficient network of railways operation and improvement of capacities.

With reference to the establishment of MCA in Mongolia, Robert Reed, Representative of MCC of the United States and N.Bayarbaatar, Executive Director of MCA of Mongolia held a meeting with journalists and introduced on the Account. Established on January, MCA elected its Governing Board and is into the preparation of operation. (more…)

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Election Date is Officially Announced

Yesterday, General Election Commission /GEC/ of Mongolia announced the date of Parliamentary election officially on June 29. And this is the commencement of election preparation. According to B.Battulga, Head of GEC, there are a lot of problems to solve before the election. For instance, 116568 citizens had 234777 addresses. In other words some people have more than 2 addresses.
This problem should be solved before the election. Related officials, however, didn’t reach agreement on in which conditions the poll sheet is considered valid or null. This is because of poor legislation. GEC is to gather soon to solve complicated issues and inform the public as well. (more…)

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Israel and Mongolia is to Collaborate on Agriculture

Right after the 60th anniversary of Israeli independence, the President of Mongolia paid a visit to Israel for the first time and met Sh.Peres, President of Israel, exchanging views on extending and strengthening bilateral cooperation and relations. At the beginning of the meeting, Mr. Peres said, “Since I was a kid I heard a lot about Mongolia. Therefore, I know well about this great homeland of beautiful nature and fascinating history. Mongolia and Israel are same countries in terms of their pride in the world historic pages.” (more…)

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L.Gansukh(DP): Parliament Waits for Task Group Conclusions on Rosnefti

We got details from L.Gansukh, Head of DP Council in the Parliament on an issue discussed at the Council meeting.

What kind of issues did you discuss?
We discussed issues related to infected people in Bayan-Ulgii aimag and risks of infectious MHFD /mouth, hand and foot disease/ that could cover children of young age in great number. The number of infected children that was 98 reached 150. We got the Government information with reference to the Disease. Also we met Chairman and Secretary of General Election Committee and staff of Civil registration center. Names of over 230 people have been counted repeatedly. We shared views on eradicating such errors and providing favorable environment for running the election smoothly. In addition to it, issues included in the weekly business plan have been discussed. (more…)

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B.Erdenesuren(MPRP): We Agreed Because Percentile per the Public was High

MPRP group in the Parliament discussed the draft law on modifications to the Minerals Law of Mongolia during the Group Meeting. We got details on the meeting from Deputy Chairman of the group, B.Erdenesuren.

What issues did you discuss during the Group Meeting?
We discussed what the position of the Group would be at the first discussion of the draft law on modifications to the Minerals law of Mongolia which was initiated and submitted by MP Z.Enkhbold and E.Bat-Uul. Members expressed different positions and opinions on it. Some tend to criticize that only product-sharing is not the important thing and power was granted to the Government before the percentile became clear. (more…)

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New Project Agreement is Signed

In framework of consultative meeting between the Government of Mongolia and the Government of Federal Republic of Germany and negotiation on development policy cooperation in 2007, technical cooperation society of Germany launched a new project on “Confirming stable economic environment”. This project shall be implemented jointly by Ministry of justice and internal affairs, Supreme Court and State General Prosecutors Office, and the Government of FRG grants €2.5 million for project financing.
The goal of the project is to regulate market and political regularity through activities of court and legal organizations and legal policies. (more…)

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Peabody Energy is Interested in Mining

Last Friday, delegates, headed by Taib Taheer, CEO of Northeast Asia affairs of Peabody Energy Corporation of the United States, visited the President of Mongolia N.Enhbayar. Delegates of the world biggest U.S. private coal company introduced the world class proposal on developing Mongolia’s coal production. The proposal has been developed by US leading corporations; marketing part of the coal mining proposal has been developed by Peabody, legal compliance part by Fasken Martineau, tax and financial part by KPMG and investment, bank and finance part by Morgan Stanley. (more…)

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Rosnefti Says to Move the Price If Necessary

We got details from Kh.Narankhuu, Minister of Industry and Trade on gas price.

It’s been several days since a deadline for responding to a proposal of Russian Company “Rosnefti” expired. Aren’t they dramatically increasing the gas price?
Talks and negotiations are held with Russian side at all levels. I sent a letter to the Minister of Food and Agriculture of Russia. Confirming the interest of importing oil product from Russia, the letter told that specific study on Russian proposal was time-consuming. Also it mentioned about the advantage of entrance of foreign company into the domestic market that it would increase competition and liberalize the market.
Moreover we asked to keep gas price stable until the Parliament finishes discussing the matter. Russia did not send any official reply yet. We will carefully observe how Rosnefti Company would react to our proposal. They informed that a gas price would be changed if necessary. (more…)

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