Foreign Minister attends Silk Road Support Group meeting
Foreign Minister D.Tsogtbaatar participating in the 18th meeting of OSCE Parliamentary Assembly attended the 4th Meeting of the Silk Road Support Group today on February 21.
Construction of Tavantolgoi-Gashuunsukhait road to be intensified
During the Cabinet meeting on February 20, National Development Agency was assigned to speed up a process to implement the ‘Tavantolgoi-Gashuunsukhait’ 259km high capacity road project under ‘design-build-operate-transfer’ concession.
Package of draft laws on tax discussed
On February 18, the State House organized a discussion to present the package of draft laws on tax. Until today, the Ministry of Finance has carried out a discussion on the same topic 39 times since February 2018, which involved 4,790 people.
Highest price of goat skin reaches MNT 41 thousand in Gobi-Altai aimag
According to report on the average market price of livestock in January 2019, average price of the castrated camel was the highest in Dundgobi aimag at MNT 1.2 million, while the lowest was in Dornod aimag at MNT 730.0 thousand.
Foreign trade surplus reaches USD 103.3 million in January
In January 2019, foreign trade surplus reached USD 103.3 million, increased by USD 40.6 million (64.7 percent) from USD 62.7 million in the same period of 2018.
DBM Bond selected as Asia’s best deal
The Development Bank of Mongolia bond, which has no government guarantee, has been selected as one of Asia’s best deals on February 13.
Mongolia exports 2.3 million tons of coal to China since 2019
Since the beginning of 2019, Mongolia has exported a total of 2.3 million tons of coal to People’s Republic of China through five border check-points namely Zamyn- Uud, Yarant, Khangi, Gashuunsukhait and Shiveekhuren.
'Protein' rendering plant inaugurated
Today, on February 15, the meat and bone meal and animal fat rendering plant, ‘Protein’ was inaugurated in Emeelt village. The plant has a daily capacity to render 24 tons of meat and bone meal and 17 tons of animal fat.
Tax revenue increases by 33.7 percent
In January 2019, total equilibrated revenue and grants of the General Government Budget amounted to MNT 690.6 billion and total expenditure and net lending amounted to MNT 558.2 billion, resulting a surplus of MNT 132.3 billion in the equilibrated balance.
Mongolian company joins LME
Achit Ikht LLC of Mongolia became a member of the London Metal Exchange (LME).
Erdene Resource Development announces private placement to advance Khundii Gold Project
Erdene Resource Development Corp (TSX:ERD; MSE:ERDN), a Tier 3 listed company on the Mongolian Stock Exchange (MSE), intends to issue up to 7,608,696 units of the company at a price of USD 0.23 per unit (Private Placement), for gross proceeds of up to USD1,750,000, announced on February 12.
Cabinet meeting in brief
Today, the Cabinet approved a State Policy on constructional sector. The policy document reflects overall goal, eight objectives, 23 directions of functions, and the plan of 108 activities and required financial resources.
410,724 shares of 16 firms traded
On February 11, 2019, 410,724 shares of 16 firms listed as Tier I, II, and III were traded. Four companies’ shares increased in price, 7 companies' shares declined while those of 5 companies unchanged.
Mining Minister attending PETROTECH 2019
D.Sumiyabazar, Minister of Mining and Heavy Industry, is taking part in PETROTECH 2019 International Oil and Gas Conference, being held in New Delhi on February 10-12.
Tumen shuvuut IPO oversubscribed by 9.1 percent
The Mongolian Stock Exchange reported that ‘Tumen shuvuut’ JSC, the first IPO of 2019, has closed the offering of its 25 percent or 50 million shares to the public. The offers were received from 15 January 2019 until 31 January 2019, 5:15 pm.
BoM purchases 597kg gold in January
The Bank of Mongolia has purchased 597 kg of gold in January 2019, which was 531 kg or 47% decrease from the previous year's purchase of 1.1 tons of gold.
‘UB Unchained’ blockchain and cryptocurrency conference to be held
The ‘UB Unchained’ blockchain and cryptocurrency international conference is to be held in Shargri-La hotel on February 12 with aims of promoting the development of blockchain technology and exploring ways for rising to many economic challenges.
IMF continues discussions on the sixth review of Mongolia’s EFF
An International Monetary Fund (IMF) staff team led by Mr. Geoff Gottlieb visited Ulaanbaatar during January 28–30, 2019 to continue discussions on the sixth review of the three-year Extended Fund Facility (EFF) arrangement approved on May 24, 2017, in an amount equivalent to SDR314.5054 million, or about USD434.3 million.
A.Gansukh: From the very beginning I have told the President “Not to go for the bargain if a horse-trade will be proposed for the case that I am being investigated by the IAAC and the Prosecutors”
Yolanda Fernandez Lommen: ADB to cooperate with Mongolian Government in new sectors next year