AmCham Mongolia hosts Post-Pandemic Economic Recovery Meeting
The American Chamber of Commerce in Mongolia (AmCham Mongolia) held its June Monthly Meeting online, Post-Pandemic Economic Recovery, on June 2, 2021.
Financial Regulatory Commission, Bridge Association of Real Estate sign cooperation agreement
Under its efforts to expand cooperation with professional associations in the non-bank finance sector, the Financial Regulatory Commission has reached an agreement with the Bridge Association of Real Estate to collaborate in the area of training.
₮ card commemorative bar released
The Bank of Mongolia has released a national ₮ (Tugrik) card commemorative bar with the card number ‘9496 1924 1991 2021‘ on the occasion of the 30th anniversary of the establishment of a two-tier banking system in Mongolia.
Putting women at the center of Asia’s pandemic recovery
ULAANBAATAR /MONTSAME/. Even before the pandemic, women in Asia and the Pacific were already at clear disadvantage in the labor market. Their jobs were often low-skilled and low-paid. They worked the longest hours in the world due to the combination of both paid and unpaid work.
“USD 43 million recovered through efforts of government organizations”
The Investigation Division of the Independent Authority Against Corruption of Mongolia (IAAC) has recovered a total of 123.5 billion tugriks (US$43 million) as a result of investigating corruption case.
Cooperation to improve business and legal environment discussed with parliament members
On May 18, members of State Great Khural 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).
Financial Regulatory Commission gives notice on implementation of Anti Money Laundering Law
In compliance with the Law on Anti Money Laundering and Combatting the Financing of Terrorism, the Financial Regulatory Commission (FRC) conducts risk-based supervision on the fulfilment of individuals’ responsibilities for reporting.
Fitch affirms Mongolia at 'B'; outlook stable
Mongolia's ratings are supported by governance and per capita income that is high relative to 'B' range peers, as well as its favorable medium-term growth outlook.
Online discussion introduces draft law on financial consumer protection
The Financial Regulatory Commission (FRC) of Mongolia and the Bank of Mongolia (BoM) jointly organized an online discussion last week, on the draft Law on Financial Consumer Protection. The event marks the beginning of the process of introducing the draft law; to relevant government agencies and professional associations in the financial sector.
First blended-training being organized at MNCCI
Qualified in-company instructor trainers are crucial factor for quality internship for TVET students.
Cooperation possibilities discussed with Russian businesses
Mongolian National Chamber of Commerce and Industry (MNCCI) hosted a virtual business meeting last week, involving Mongolian and Russian companies.
Sixth meeting of National Trade Facilitation Committee held
The sixth meeting of the National Trade Facilitation Committee (NTFC) was held at the Ministry of Foreign Affairs today, May 25.
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.
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