Mongolia Business and Mongolian Daily Business News

Today, National Security Council will hold meeting and will decide the future of Oyu Tolgoi IA deal. This council consists of President, Speaker of the Parliament and the Prime Minister. The purpose of this meeting could be to request special session of SGK with extra power from the President and Prime Minister as the Government did not sign agreement with direction given from SGK. It looks like that the PM, President and Speaker have all different views regarding the OT IA. The Government previously asked for amendment in general law of taxation and other draft laws but they had to sit at the bargaining table without any changes which did not bring any results. What decision will come up from the National Security Council?

The views of the three leaders: Read the rest of this entry »

Today, SGK discussed the issue of the new president’s approval and its oath taking date. MPs attending to the general session approved Mr.Elbegdorj as the President of Mongolia by 100% votes. Therefore, he is entitled as the President of Mongolia starting from this day. The oath taking ceremony will take place on June 18 2009.

MPRP had supported the current president N.Enkhbayar to be a candidate for this Presidential election. N.Enkhbayar had successfully collected all 175 votes from the members of the MPRP to be a candidate. S.Bayar, Chairman of the MPRP said that they have spoken to 8 possible candidates from the MPRP and named N.Enkhbayar, former candidate in 2005.

Dem Party also held a meeting with their National Consulting Committee earlier yesterday. G.Batkhuu had pulled his name out and 224 members of the National Consulting Committee have voted for Ts.Elbegdorj and E.Bat-uul. Ts.Elbegdorj had won the election taking 65.3% of all the votes. Ts.Elbegdorj will formally be a candidate and the decision will be ratified later. Read the rest of this entry »

Sources inform that MP E.Bat-Uul will become the presidential election candidate from Demparty. Demparty fractions agreed upon this issue. Another possible, yet strong candidate MP Ts.Elbegdorj lost his support from Mongolian Democratic Movement.

Demparty fractions such as “Altangadas”, Mongolian Democratic Movement, North East Asia and Civil Will Party supports MP E.Bat-Uul as the candidate of Presidential Election.

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. Read the rest of this entry »

The parliamentary session discussed the nominee to the Prime Minister of Mongolia and appointed S.Bayar to the position with 98.5 percent vote of 65 members out of 66, participated in the session. Also the Parliament resolution on appointing S.Bayar to the position was approved with 98,5 percent vote. Only Ts.Elbegdorj, former leader of the Democratic party, had opposite vote. D.Terbishdagva of MPRP, who has been against the Coalition Government until today’s session, vote for him at last.

After his appointment, S.Bayar delivered speech at the session, then President N.Enhbayar received him at his office.

Sanj Bayar:

Personal record:

Born in 1956, Ulaanbaatar, Mongolia Read the rest of this entry »

Ex chairman of the Democratic Party Ts. Elbegdorj attended the Parliament session and took an oath, confirming his power as a Parliamentarian. The Parliament adopted the resolution draft on appointing him as the member of Legal Standing Committee and Security and Foreign Affairs Standing Committee of the Parliament. He has been voted as the Parliament Member, however he refused to take an oath, not accepting the results of the Parliament election, run on June 29.

Also, Ts.Elbegdorj has been resigned from the position of Chairman of DP because under his leadership his party got minority seats in the Parliament.

ULAN BATOR, Mongolia — Standing down doesn’t come naturally to Elbegdorj Tsakhia, who was a 27-year-old newspaper editor in the winter of 1990 when in subzero temperatures he helped lead a series of mass demonstrations and hunger strikes here that ended seven decades of communist rule.

Now a seasoned politician with two stints as prime minister behind him, Mr. Elbegdorj is more sensitive to the limits of protest in this young democracy.

The 45-year-old leader of the nation’s leading opposition group, the Democratic Party, brought Mongolia’s government to a halt this summer by refusing to have his party members take their seats in Parliament following elections in June that he says were corrupted by widespread fraud. Read the rest of this entry »

The eternal flame of hope burned more brightly for miners and explorers as Mongolia’s Parliament resumed its first session since a July 23rd walkout by the main opposition party.

Legislators were sworn in Thursday as the new parliament hopes to quickly elect a new chairman who will form a new Mongolian government.  The original swearing-in day was halted after opposition Democrats staged a walkout.

Rioting after Mongolia’s disputed June 29 election left five people dead, as thousands of people took to the streets to protest against alleged election fraud. The election gave the ruling Mongolian People’s Revolutionary Party (MPRP) a comfortable margin of victory with 47 of the 76 seats in parliament, while the Democratic Party won 26. Read the rest of this entry »

By Michael Kohn
BBC News, Ulan Bator

The opening session of the Mongolian parliament has stalled after opposition Democrats staged a walk-out.

The session was to be a swearing-in day for new MPs, but the president had to close the session early as there were not enough MPs for a quorum.

Mongolian politics have been in turmoil since the disputed election on 29 June that sparked riots in the capital.

The opposition has described the poll as fraudulent, and wants the head of the General Election Committee to quit. Read the rest of this entry »