Disabled people to be exempted from income tax
According to a pack of Law on Tax, which was adopted in 2019 within the Government objective ‘Tax reform’, citizens will benefit from various types of preference and support starting from January 1, 2020. It includes:
Foreign exchange reserve reaches USD 4 billion
Ulaanbaatar /MONTSAME/. Mongolian foreign exchange reserve reached USD 4 billion, according to the Bank of Mongolia (BoM) which has increased by USD 600 million compared with the same period of the previous year.
Total trading value of 2019 reaches MNT143 billion
The total trading value of 2019 reached MNT 143 billion and four companies issued new securities raising MNT 42.4 billion, setting the record for the highest primary market trading value in the 29-year history of the Mongolian stock market, reported the Mongolian Stock Exchange.
EU Registered exporter system to come into effect on January 1
Ministry of Foreign Affairs, Customs General Administration and Mongolian National Chamber of Commerce and Industry (MNCCI) will jointly implement the European Union (EU)’s Registered Exporter system (the REX system), a system of self certification of origin of goods that applies in the EU Generalised System of Preference (GSP).
Nationwide harvesting reported with abundant yields
Ulaanbaatar /MONTSAME/. A preliminary report on harvesting of 2019 released by Ministry of Food, Agriculture and Light Industry shows that a total of 424 thousand tons of grains were harvested.
Mongolia has 70.9 million livestock animals counted
Ulaanbaatar /MONTSAME/. The National Statistical Office of Mongolia presented today the preliminary results of annual livestock census of 2019, which was performed between December 7-17, nationwide.
H.Amartuvshin: We are focusing on loan portfolio quality
The Development Bank of Mongolia (DBM) placed emphasis on improving its corporate governance and profitability as well as the quality of loan portfolio this year, said DBM Chief Executive Officer H.Amartuvshin at a briefing held on December 26 at Kempinski Hotel.
Erdenes Silver Resource LLC to refine 750 tons of silver within five years.
On December 25, ‘Erdenes Mongol’ LLC and ‘Erdenes Silver Resource’ LLC established an agreement with the Bank of Mongolia to cooperate in selling and purchasing precious metals and handed the first sample of refined silver, extracted from Salkhit silver deposit, to the State Fund of Treasury.
Atar-4 campaign to be launched
At its regular meeting on December 25, the Cabinet made a decision to announce a commencement of ‘Atar-4 campaign for sustainable farming development’ nationwide, beginning January 1, 2020.
Mongolia-China trade fair opens in Erenhot
A trade fair of Mongolian and Chinese consumer goods is being held in Erenhot, China between December 24 and January 2.
The World Bank approves a new loan to improve productivity of livestock sector
The Board of Executive Directors of the World Bank has approved USD 30 million in loan financing for the Mongolia Livestock Commercialization Project.
MNCCI office to open in Japan
Founder of JETconnect co.,LTD of Japan Eiki Shigeta has been appointed as an Honorary Representative of Mongolian National Chamber of Commerce and Industry (MNCCI) in Japan.
Entrepreneur 2019 selects top national entities
Promoting top entities and businesspeople who contribute to the national economy, the Entrepreneur Ceremony took place on December 20, 2019 for the 23rd year organized by the Mongolian National Chamber of Commerce and Industry (MNCCI).
Invest in Mongolia 2019 takes place in Tokyo
On December 20, ‘Invest in Mongolia 2019’ Mongolia-Japan Business Forum was held in Tokyo, Japan.
Financing agreement to provide fire trucks to NEMA signed
Minister of Finance Ch.Khurelbaatar and Deputy Chairman of the Management Board of the Development Bank of the Republic of Belarus Ivan Varenitsa signed the special loan agreement of the General Agreement on Export Loan between the Governments of Mongolia and the Republic of Belarus on December 20.
Sample collection from Asgat silver deposit wraps up
Bayan-Ulgii /MONTSAME/. Upon the Government resolution to transfer the special license for the Asgat silver deposit to the full ownership of Erdenes Mongol LLC satte owned company and put under economic circulation, Mongolian emergency rescue officers and technical employees of Asgat Kent Company worked at the deposit to open the deposit and collect technological sampling from November 1 to December 18.
Logistics Center opened in Bayannur city, Inner Mongolia
Opening ceremony of Logistics Center Type B for Modern Agricultural and Animal products as well as customs clearance activity took place on December 19 in Bayannur city of Inner Mongolia Autonomous Region of China.
Mongolian Ambassadors visit companies
On December 18, Heads of Mongolian diplomatic missions abroad got acquainted with the daily activities of some companies in food production and light industries and had discussions about the opportunities to provide support in exporting their products.
Public Procurement Agency established
The Cabinet at its meeting on December 18 re-established the Public Procurement Agency.