World Savings Day marked
On October 31, an event was organized to mark the World Savings Day, that aims to enhance financial education of young people and the public and promote planned personal financial management and good savings habits, under the motto ‘Let’s economize and save up!’
Deputy Agriculture Minister attends Rural Development and Food Security Forum 2019
Deputy Minister of Food, Agriculture, and Light Industry J.Saule attended the ‘Rural Development and Food Security Forum 2019’ that took place in Manila, Philippines on October 28-30.
Gold purchasing declines by 27 percent
As of first ten months of 2019, the gold purchase of the Bank of Mongolia (BoM) was 12.9 tons, which means the amount of gold purchase decreased by 4.9 tons or 27 percent compared with the same period of previous year.
World Financial History Museum opens in Mongolia
Economist U.Ganzorig opened on October 23 the ‘World Financial History Museum’ that displays numerous rarest and authentic financial instruments by mankind. It makes Ulaanbaatar to be one of few capitals of the world to have financial history museum.
Mongolian Economic Forum kicks off
Ulaanbaatar /MONTSAME/. ‘Mongolian Economic Forum-2019’ under the theme ‘National Interest’ opens today, October 30, at the Mongolian National Chamber of Commerce and Industry (MNCCI). The annual forum aims to build consensus for defining sustainable economic development policies and addressing pressing challenges faced by key sectors of Mongolia, among policy makers, the business community, academia, and civil society.
Platform for Asian dairy manufacturing to be established in Mongolia
As there is a necessity to develop sustainable animal husbandry in the agricultural sector, a meeting was organized to introduce the sustainable development plan for animal husbandry to stakeholders on October 29.
International meeting on best practices in corridor development and management taking place
Meeting on Best Practices in Corridor Development and Management for the Benefit of LLDCs and Transit Countries kicked off on October 29.
Mongolia exports 4.8 million barrels of oil
According to officials, 4.8 million barrels of oil was exported as of September 2019. Two Chinese-invested companies are mining and exporting oil in Mongolia.
S. Tuna Sahin: Sector diversification of Mongolian SMEs is the right path
Business owners attending the international business forum, ‘Export Mongolia-2019’, are learning about the domestic and foreign practices on the development of small and medium enterprises aside from participating in meetings and workshops.
Mongolian geologists discover oil
An oil resource has been discovered in 2834 meters in depth as a result of well testing operations at ‘Heron-1’ oil discovery in the north of Block XX, eastern Mongolia.
Ch.Ulaan: Special attention to be paid on developing specialized export consulting service
To develop food, agriculture and light industry sectors which are important part of Government's three-pillar development policy, ‘Mongol Export’ program will be implemented at stages, underlined Minister Ch.Ulaan in his opening speech at Export Mongol-2019, the First International Business Forum kicked off today at Corporate Convention Center.
Grain cropping at 83.5 percent
As of October 25, 361.7 thousand tons of grain, of which 349.6 thousand tons of wheat have been cropped from 292.5 thousand hectares, 189.3 thousand tons of potato -- from 14.7 thousand hectares and 90.5 thousand tons of vegetables –from 7.9 thousand hectares respectively.
World Bank Doing Business 2020– Mongolia placed 81 out of 190 countries
Ulaanbaatar /MONTSAME/. Mongolia is now ranked at 81 in Doing Business 2020 by World Bank Group, the 17th in a series of annual studies investigating the regulations that enhance business activity and those that constrain it.
Policy on sustainable investment to keep economic growth stable
The importance of a clear, consistent policy on investment was highlighted at the international conference held under the theme, ‘Investment Climate: Stability’, on October 22.
Central bank and Financial regulatory commission blamed for fail in duties
Ulaanbaatar /MONTSAME/. Last week, Financial Action Task Force (FATF), intergovernmental organization on combating money laundering and tourist financing worldwide, identified Mongolia as a jurisdiction with Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) deficiencies for which they have developed an action plan with the FATF, or included Mongolia in so-called ‘Grey List’.
Hay preparation runs at 70 percent
Winter preparation goes above 50 percent in aimags namely Bulgan, Darkhan-Uul, Dornod, Uvurkhangai, Selenge and Uvs while preparation is running at 89-100 percent in aimags such as Bayan-Ulgii, Khuvsgul, Khovd, Khentii etc.
Oyu Tolgoi announces Q3’19 Performance results
Ulaanbaatar /MONTSAME/. In the third quarter of 2019, Oyu Tolgoi achieved an All Injury Frequency Rate (AIFR) of 0.18 per 200,000 hours worked.
Measures to be taken on kicking off the Fourth Industrial Revolution
This year marks the 85th anniversary of the light industry sector in Mongolia. On October 21, the national light industry conference was organized at the State House to discuss the current state and pressing issues of the sector.
Central bank presents monetary policy stance for 2020
Ulaanbaatar /MONTSAME/. On October 21, the Bank of Mongolia organized an open discussion on the monetary policy of Mongolia for the third year with a view to shed light on the formulation of the country’s monetary policy outline on the basis of macro-economic factors and basic economic indicators.