Daily Business News Mongolia

Mongolia and Pacific Island nations to benefit from UN technology training

11 September 2008 – Officials in Mongolia and Pacific Island States are set to receive training in information and communication technology (ICT) geared towards helping them achieve their social and economic development goals, thanks to two new agreements signed with the United Nations.

The UN Asian and Pacific Training Centre for ICT for Development (UN-APCICT), which is leading the effort, will customize its training curriculum – known as the Academy of ICT Essentials for Government Leaders – in cooperation with Mongolia’s Information and Communication Technology Authority (ICTA) and the Pacific Islands Applied Geoscience Commission (SOPAC). (more…)

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The Mongolia Investment Forum Starts

The Mongolia Investment Forum hosted by Euromoney starts today in Ulaanbaatar. His Excellency M.Enkhbold, Deputy Prime Minister of Mongolia, Mr.Christopher Garnett, Director of Euromoney Conferences, Mr.Namkhaijantsan, Economic Policy Advisor to the president of Mongolia, and Mr.Ganzorig, Chairman of FIFTA, are made a welcome address to the delegates. “Having valuable achievement of 10% annual economic growth, stable political democracy, economic freedom, and by decreasing number of taxes including VAT from 15% to 10%, Mongolia is attracting foreign investors”, Deputy Prime Minister M.Enkhbold remarked.

Delegates of famous foreign institutions such as ING Bank, Citibank, Deutsche Bank, Eurasia Capital Management, EBRD, UN, and Bloomberg are taking part in conference. (more…)

Posted in Business, Economy, Government, Mining | 1 Comment »

Mongolia launches multinational peacekeeping training exercise

ULAN BATOR, Sept. 4 (Xinhua) — Mongolia launched a multinational peacekeeping training exercise under the code name of Khaan Quest 2008 Thursday, with an opening ceremony 65 km east of the capital Ulan Bator.

Up to 360 military personnel from Mongolia, India, Thailand, Nepal and the United States are participating in the 17-day exercise, involving drillmasters’ training, field exercises and medical training.

The exercise is aimed at improving the tactics used in UN peacekeeping operations, according to the Mongolian Ministry of Defense. (more…)

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EBRD’s first syndicated loan in Mongolia

www.maximnews.com reports that,

KATHY SHANDLING:   07/08/2008 (MaximsNews Network)

UNITED NATIONS - /  MaximsNews Network / 7 August 2008 –  The EBRD is making its first syndicated loan in Mongolia. The development bank is providing a US$13 million credit to MCS Coca-Cola LLC, a privately-owned local soft-drinks producer, in order to help the company to expand its production, broaden its product range, and most importantly, improve its wastewater treatment and recycling processes.

The EBRD is providing US$7 million with the remaining US$6 million to be raised through syndication under the EBRD’s A/B loan structure.

MCS will use the funds to construct a greenfield bottling plant which will increase MCS’ production capacity. The EBRD funds will also be applied towards the financing of a new wastewater treatment and recycling plant that will also be used by a neighboring MCS-APB brewery. (more…)

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Mongolia praised for its lower child deaths

www.kuwaittimes.net writes that,

NEW DELHI: More than 2 million children under the age of 5 are dying every year in India because of a lack of basic care despite the country’s rapid economic growth, the United Nations said yesterday. The report by the UN Children’s Fund focused on the Asia-Pacific region but singled out India - home to 20 percent of the world’s children under 5. It also warned that rising inequality between the rich and poor risked undermining gains made in other countries of the region.

While India has made steady progress in recent years, it’s “not nearly enough,” said UNICEF regional director Daniel Toole, calling on the government to invest significantly more money on health services. Officials from India’s Health Ministry and the Women and Child Welfare Ministry were not immediately available for comment. In 2006, the last year for which there are full figures, some 2.1 million children under 5, or 76 children per 1,000 live births, died in India, the report said. Much of this was ca
used by rampant malnutrition among mothers and children and resources not reaching the poorest segments of the population, it said. (more…)

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Secretary-general of Socialist International visits Mongolia

Mr. Luis Ayala, Secretary General of SocIntern visited Mongolia last Sunday. His first day in Mongolia started from getting acquainted with MPRP building. SocIntern runs active activities around the world and its membership expands since 1990. It is the organization that has a first level status to consult the United Nations. MPRP joined the SocIntern on November, 1999 as observer. Since then, it participated in regional and global activities, organized by the Socialist International Organization. Representatives, headed by N.Enhbayar, Leader of the MPRP attended the XXII Session, gathered in Sao Paolo in 2003 and MPRP joined the SocIntern as a member. MPRP organized Asia-Pacific regional committee session in 2005 for the first time. Mr. Luis Ayala visited Mongolia in 2004, 2005 and 2007.

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Representatives of UN Statistics Division Will Visit to Mongolia

At the invitation of National Statistics Commission, representatives headed by Professor Paul Cheung, Director of UN Statistics Division, will visit to Mongolia from June 28 to July 03. During the visit, Mongolian and UN sides will discuss on Mongolian participation for International Statistics Society, and future cooperation issues. Then, representatives will hold a meeting with central and local statistics administration, and will lecture to NUM academics on regional development.

(more…)

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Mongolia is Appointed as UN Vice-President

63rd UN General Assembly gathered and appointed heads of the 63rd assembly and committees last week. The General Assembly has 21 vice presidents and Mongolia was selected for the first time as the vice president with support of 192 countries in 1997. It is a tradition that USA, PRC, Russia, France and GB are selected as Security Council members.
UN memberships including Afghanistan, Bolivia, Egypt, Spain and Portugal were elected as vice presidents too. The former Nicaraguan foreign minister Miguel d’Escoto Brockmann was elected as the next President of the General Assembly by acclamation. After the election, Mr. d’Escoto told the Assembly that it was vital for Member States to work together on goals ranging from the maintenance of peace and security to the battle to eradicate poverty and hunger to ensure that the UN lives up to its name. The 63rd general Assembly of the United Nations Is to begin activities on September 16.

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X Shift to Iraq is to Perform 2-month Duties

Mongolian troops take parts in “Iraqi freedom” peace-keeping activity since 2002 till today. About 1000 Mongolian troops contributed to reconstruction and recovery of the hot spot of Iraqi. The condition is not amiable and unfavorable, there are conflicts and attacks almost everyday near the Eco base in Ed Divania. However, Mongolian troops performed successfully. At this time when many countries draw back their troops from Iraq, Mongolian national Security Council and the Government of Mongolia made a decision to send X shift of troops to Iraq. Mongolian troops used to perform duties there for 6 months but this time they’ll perform guard duties for two months in peace-keeping activities. (more…)

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Mongolian Soldier Dies While Peace Keeping

Two soldiers have died while on duty in Sierra-Leone. On March 14, the armed forces Headquarter received a message that Colonel D.Narantulga charge of the fifth Mongolian regiment serving under the UN flag in Sierra-Leone, died from heart attack. The previous death occurred last November when, UN peacemaker serving in the 3^rd military team, B.Mungunshagai died from lung disease.

Military hospital department chairperson and Peace support Cooperation Office of the armed forces HQ, Colonel R.Davaadorj, told us on March 14, B.Narantulga died at 03.40am Ulaanbaatar time on March 14. According to the HQ commander’s order, an autopsy will be conducted in Ghana at the UN clinic. The late D.Narantulga was on duty on some days for 14 to 15 hours in temperatures in Sierra-Leone reaching 35 to 38c. The hot season may have impacted on the soldier’s health.    

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