Opportunities for Chinese Companies in Coal Trade Discussed
The Mongolian Stock Exchange (MSE) leadership received the Commercial and Economic Counsellor of the Embassy of the People’s Republic of China, Song Xuejun, and Deputy Director of China General Chamber of Commerce in Mongolia, Chai Fang Ping.
Four Government Bonds Fully Paid Off
The Government of Mongolia has issued nine bonds on the international stock market so far, namely “Chinggis-18,” “Chinggis-22,” “Dim Sam,” “Mazaalai,” “Khuraldai,” “Gerege,” “Nomad,” “Century-1,” “Century-2”.
Money Supply Increases by 6.4 Percent
The National Statistics Office (NSO) gave a briefing on the social and economic statistics of Mongolia in 2022.
First Delivery of the Online Traded Coal Conducted
The transportation of coal traded through trial e-Auction of Commodity Exchange was carried out between January 16 and 19.
The highest price for adult cattle was MNT 1.8 million in Ulaanbaatar
According to the report on the average market price of livestock in December 2022, the average price of the castrated camel was MNT 1.4 million, which increased by MNT 37.7 thousand, and the average price of cattle was MNT 1.4 million, which increased by MNT 21.9 thousand compared to the same period of the previous year.
Joint Business Forums with Qatar and Kuwait to be Held
The leadership of the Mongolian National Chamber Of Commerce and Industry had an online meeting with Ambassador of Mongolia to Kuwait P. Sergelen. They exchanged views on organizing joint business forums in Qatar and Kuwait.
Foreign workers in Mongolia decreased by 43.9 percent
In the fourth quarter of 2022, 3.9 thousand foreign citizens from 95 foreign countries were working in Mongolia with labor contract with purpose of earning pay or profit or voluntarily without purpose of earning wage and income.
Law on Investment Bank Approved
The State Great Khural discussed the draft law on investment banks and approved it accordingly. Now the discussion on the measures and related regulation of the new law is in process. The Governor of the Bank of Mongolia, B. Lkhagvasuren, clarified this law’s purpose, importance, and amendments.
Total Foreign Trade Turnover Increased by USD 5.2 Billion
In 2022, Mongolia traded with 160 countries from all over the world, and the total trade turnover reached USD 21.2 billion, of which exports were USD 12.5 billion and imports were USD 8.7 billion.
MSE Starts Registration of Bidders for the Coal E-Auction
In relation to the “Rules on open trading of coal to be exported” adopted by the Resolution No. 466 of the Government of Mongolia on December 14, 2022, MSE has been working to create necessary frameworks for the implementation of the Rules.
Trial e-Auction of Coal Export Conducted Successfully
Mongolia will sell coal at border prices instead of mine-mouth prices through commodity exchange from February 1. Ensuring the preparation of transparent online trading, the parties involved in the coal trade, including those interested in selling and buying coal, participated in the trial e-auction of coal export.
The Snow and Reindeer Festival to be held on February 27-28
Khuvsgul /MONTSAME/. The Khuvsgul aimag declared this year a “Year to Visit Khuvsgul” in order to develop sustainable tourism based on natural, historical, and cultural heritage. In the framework of this initiative, 11 special events are going to be held to increase the number of domestic and foreign tourists who visit the aimag.
Interest Rates of Bonds Decreased from 11-12 percent to 8
At the Cabinet meeting held yesterday, Minister of Finance B. Javkhlan informed that a new five-year USD bond was successfully issued and traded to refinance the “Gerege” and “Khuraldai” bonds.
Frequency of Direct Flights between Mongolia and Vietnam to be Increased
Minister of Environment and Tourism B. Bat-Erdene received Ambassador Extraordinary and Plenipotentiary of the Socialist Republic of Vietnam Doan Khanh Tam.
Preparations Underway to Trade Coal Through Commodity Exchange
Starting from February 1, Mongolia will sell coal at border prices instead of mine-mouth prices through commodity exchange. Pertaining to the matter, we clarified from the Government’s Special Representative for the “Erdenes Tavantolgoi” (ETT) JSC.
Secondary Market Trading of Shares of Stock Exchange Commenced
“Mongolian Stock Exchange” JSC commenced secondary market trading of shares with the alphabet code of “MSE” yesterday.
Central Bank Purchases 22.9 Tons of Precious Metal in 2022
The Bank of Mongolia purchased 22.9 tons of precious metal last year.
IPO of Mongolian Stock Exchange Oversubscribed by 4.8 Times
The "Mongolian Stock Exchange" (MSE) started its primary market trading on December 26 by offering 34 percent of its total of 119,157,598 shares to the public.
National Minimum Wage Rises to MNT 550 Thousand
The decision of the National Tripartite Committee on Labor and Social Partnership to increase the minimum wage came into effect yesterday.