Business Integrity Center opens
Launching ceremony of the strengthening business integrity project took place on May 21.
42 road maintenance machineries delivered from Belarus
On May 24, the Ministry of Road and Transport Development received road maintenance equipment and machineries manufactured and being supplied by Minsk Automobile Plant (MAZ) of the Republic of Belarus.
Golomt Bank presents its Sustainable Development Report
Golomt Bank, one of Mongolia’s largest commercial banks, has been implementing ‘Sustainable Finance Policy’ since 2015, and in 2019, the policy was changed to the “Sustainable Development Policy” to implement the Sustainable Development Goals, which cover all levels of the bank’s operations, not just financing.
Mongolia-Japan business forum held
In order to increase trade and investment between Mongolia and Japan, the National Development Agency, Japan External Trade Organization (JETRO), Embassy of Mongolia in Japan, International Finance Corporation (IFC), and Irbis Ventures hosted Invest in Mongolia - Tokyo 2021, an online Mongolian-Japanese business forum.
Oyu Tolgoi announces performance results for 2021 first quarter
On 24 May, Oyu Tolgoi LLC, Mongolia's largest copper and gold mining company - a strategic partnership between the Government of Mongolia, Turquoise Hill Resources and Rio Tinto, released its latest performance scorecard, highlighting key performance metrics for the first quarter of 2021, providing an update on the underground development, and its ongoing COVID-19 mitigation measures.
ESG disclosure and reporting standards to be introduced in Mongolian capital markets
On May 20, a webinar on ‘Introducing Environmental, Social and Governance (ESG) Standards into the Mongolian Capital Market’ has been jointly organised by the Mongolian Stock Exchange (MSE), Financial Regulatory Commission (FRC), Mongolian Sustainable Finance Association (MSFA), UN Environment Programme (UNEP), Financial Centres for Sustainability (FC4S), International Finance Corporation (IFC) and UN Joint Programme, within the Mongolian Sustainable Stock Exchange Initiative.
Khentii, Dornod, and Sukhbaatar aimags to be developed into a historical tourism region
On May 20, Prime Minister L.Oyun-Erdene’s working visit continued in Khentii aimag. Tourism is being planned to be developed in regions, based on geographic locations and the nature, history and culture resources, introduced Minister of Environment and Tourism N.Urtnasan.
Australia and The Asia Foundation support Mongolian women entrepreneurs during COVID-19
On May 19, The Asia Foundation and Australian Government initiated a new program to support Mongolia’s women entrepreneurs and address the economic and social challenges posed by the Covid-19 pandemic.
‘Made in Mongolia’ shopping center to open in Hohhot
The Government of Mongolia and the Mongolian National Chamber of Commerce and Industry /MNCCI/ have launched a project to build a ‘Made in Mongolia’ shopping center in Hohhot, Inner Mongolia Autonomous Region, China.
Legal framework for business and investment to be enhanced
On May 18, Members of Parliament G.Amartuvshin, Kh.Bulgantuya, Kh.Gankhuyag, and D.Unurbolor held a meeting with representatives of the business sector at the Mongolian National Chamber of Commerce and Industry (MNCCI).
National currency in circulation increases by 26.3 percent from previous year
The national currency in circulation reached MNT 1.0 trillion at the end of April 2021, increased by MNT 78.2 billion (7.8%) from the previous month, and increased by MNT 225.7 billion (26.3%) from the same period of the previous year.
Spring sowing carried out in 82.4 thousand hectares of land nationwide so far
On May 18, Minister of Food, Agriculture, and Light Industry Z.Mendsaikhan made a report on the preparations and the progress of spring sowing at a meeting of the Parliamentary Standing Committee on Environment, Food, and Agriculture.
Ambassador to France exchanges views on exporting Mongolian bio food products to France
On 14 May, the Embassy of Mongolia to France organized a meeting initiated by Ms. B.Saran, director of “Da Sa” company – the first bio-sushi company in France, and Mr. B.Erdenkhuyag, head of “Association of Eternal Mongolians” NGO.
Inflation rate reaches 5.6 percent in April
In April 2021, consumer price index at the national level increased by 2.4% from the previous month, by 5.5% from the end of the previous year and by 5.6% from the same period of the previous year.
Virtual meeting held with Group Show Director of Apparel Textile Sourcing Trade Shows
Ministry of Foreign Affairs and Embassy of Mongolia to Canada co- hosted a virtual meeting with Mr. John Banker, Group Show Director – Apparel Textile Sourcing Trade Shows, JPC Inc. and the management team and members of the Mongolian Wool and Cashmere Association (MWCA).
Sales of industrial output rise by 81.8 percent in the first four months of 2021
By preliminary result of the first four months of 2021, the gross industrial output reached MNT 6.2 trillion, increased by MNT 2.0 trillion (48.2%) from the same period of previous year.
Tax revenue increases by 54.3 percent compared to same period of previous year
According to the preliminary results in the first 4 months of 2021, the total revenue of the general government budget was MNT 4.9 trillion. The equilibrated revenue of the general government budget was MNT 4.4 trillion and 91.6% of the total revenue of general government budget.
KHAN BANK selected specialized entities to cooperate with for the launch of its IPO
The State Great Khural (Parliament) of Mongolia adopted amendments to the Banking Law on January 29, 2021, requiring the restructuring of systemically important commercial banks as public companies listed on a stock exchange. In compliance with these changes, Khan Bank started the IPO preparation process in February of this year.
Mongolia trades with 129 countries
In the first 4 months of 2021, Mongolia traded with 129 countries from all over the world, and the total trade turnover reached USD 4.5 billion.
Number of traded securities reaches 66.6 million in April
In the first four months of 2021, 312.3 million pieces of securities worth of MNT 599.6 billion were traded at the national stock market, increased by MNT 587.8 billion (50.7 times) and 254.1 million pieces of securities (5.4 times) compared to the same period of previous year.
B.Turmunkh: I illustrated 60 pieces for the updated version of ‘The Secret History of Mongols’
D.Sumiyabazar: Law on Legal Status of Ulaanbaatar City has been successfully amended after 27 years
P.Khaliun: I believe the relations between two countries will soon reach strategic partnership