Central bank reports on outstanding pension loan balance
Ulaanbaatar /MONTSAME/. Concerning the issue of one-time cancellation pension-backed loan debts proposed by the National Security Council of Mongolia, which is under discussion at a parliament level, Bank of Mongolia today presented the latest pension loan balance report.
Day of Exporters created
The Government of Mongolia attaches great importance to the promotion of exports, in particular the increase of production of non-mining products’ export, and implements step by step policy measures.
InvesCore Group to partner with China’s Alibaba Group
On January 8, InvesCore Financial Group of Mongolia and China’s Alibaba Group signed a cooperation agreement on establishment of Business Center in Mongolia.
Foreign exchange reserve increases, reaching its highest level
Mongolia’s foreign trade profit has grown up and reached USD 1.5 billion in the first 11 months of 2019.
Airfares for four routes by MIAT lowered
Ulaanbaatar /MONTSAME/. As reported It has been recently reported that Mongolian national flag carrier MIAT Mongolian airlines lowered its fares by 15-37 percent.
Exploration licenses cover 3.8 percent of territory of Mongolia
Ulaanbaatar /MONTSAME/. The Implementing Agency of Mongolian Government Mineral Resources and Petroleum Authority released the latest report on the activities of special license for mining as of November 2019.
Mongolian businessmen to visit Shizuoka prefecture
A meeting between Mongolian businessmen and administration of Shizuoka prefecture of Japan will be held on January 15-19 in Shizuoka prefecture and Tokyo, Japan.
‘Mongolia Mining 2020’ expo to be held for 10th year
‘Mongolia Mining 2020’ expo will be held for the 10th consecutive year on April 8-10 at Buyant Ukhaa Sports Palace, Ulaanbaatar with the attendance of more than 200 companies from China, Russia, Czech, Australia, Kazakhstan, Sweden, Japan, Germany, France, Canada and so forth.
Attestation conducted on factories involved in programmes
In aims of assessing the implementation, and current state of the programmes ‘Mongolia Sustainable Development Vision 2030’, ‘Cashmere’, and ‘Industrialization 21:100’, and determining future measures, attestations have been conducted at wool and cashmere factories.
‘Mongolian oil refinery’ state company to have subsidiary
Ulaanbaatar /MONTSAME/. The Cabinet, at its session today, January 6, made following decisions.
Refined coal plant to be built in 2020
Ulaanbaatar /MONTSAME/. At the Cabinet’s meeting held today, January 6, Minister of Energy Ts.Davaasuren presented a plan to build a 600-thousand-ton-capacity refined coal briquettes plant in the eastern district Bayanzurkh of Ulaanbaatar city this year. The plant will be able to produce 52.8 thousand tons of refined coal briquettes in a month.
MIAT Mongolian Airlines reduces its fares
Ulaanbaatar /MONTSAME/. Mongolian national flag carrier MIAT Mongolian airlines is now operating flights in one domestic and 12 international destinations with Boeing 767 and Boeing 737 jet airliners as of today. Mongolian air transport demand is heavily affected by the seasonality with air traffic is higher in summer and decreases by 2-3 times during winter season.
2019 profits of some state owned companies soared to record high
Ulaanbaatar /MONTSAME/. In 2019, profits of some large state-owned enterprises reached an all-time high.
Bank of Mongolia purchases 15.2 tons of gold in 2019
In 2019, the gold purchase of the Bank of Mongolia (BoM) reached 15.2 tons, which means the amount of gold purchase decreased by 6.7 tons or 30 percent compared with the previous year.
Sales revenue of Erdenes Tavan Tolgoi reaches USD 1 billion
Sales revenue of Erdenes Tavan Tolgoi JSC reached USD 1 billion or MNT 2.7 trillion in 2019.
Government repays MNT 1.5 trillion debts in 2019
Ulaanbaatar /MONTSAME/. Within the framework of Government’s goal to ‘reduce debt burden’, debts worth MNT 1.5 trillion were paid off in 2019 by improving budget discipline and opting out of high-interest commercial loans.
VAT refunds worth MNT 139 billion to be distributed
Ulaanbaatar /MONTSAME/ This year, more than 900 thousand citizens will be receiving Value-Added Tax (VAT) refunds worth MNT 139 billion for their purchases made in 2019.
Commercial banks told to halt lending for pensioners
Ulaanbaatar /MONTSAME/. In his New Year’s Eve address on television, President of Mongolia announced that a decision made by the members of the National Security Council on a full and one-time repayment of all pension loans by means of boosting the economic activities of the Salkhit silver mine, with the purpose of relieving the elders who dedicated their lives for the development and prosperity of Mongolia of their debt pressure.
Each coal seam of Tavantolgoi deposit contains methane gas
During the exploration, it is detected that each coal seam of Tavantolgoi deposit contains methane gas and the project implementers are working on defining its reserves.