Total sales of stocks decreased by 23.6 percent in July
According to the National Statistics Office, in the first 7 months of 2021, 378.9 million pieces of securities worth MNT 624.7 billion were traded at the national stock market, increased by MNT 596.8 billion (22.4 times more) and 206.8 million pieces of securities (2.2 times more) compared to the same period of the previous year.
Mongolian Stock Exchange makes highest profit in its history
In the first half of this year, the Mongolian Stock Exchange (MSE) made a profit of MNT 1.5 billion for the first time in 30 years. This high yield was mainly due to bond trading activity, which reached MNT 119.6 billion, 6.5 times higher than the same period of the previous year.
Government of Mongolia in 200 days: 225 thousand jobs saved during COVID-19
Due to the pandemic, countries around the globe faced the worst social and economic crisis in 100 years.
Request put forth to accelerate import of oil refinery equipment
On August 10, Deputy Prime Minister S.Amarsaikhan held a meeting with Ambassador of the Republic of India to Mongolia M.P.Singh to discuss putting the oil refinery into operation on time.
Second phase trading of ‘ETT Bond’ to be opened next week
In April this year, Erdenes Tavantolgoi JSC received a permission from the Financial Regulatory Committee to issue the dual currency ‘ETT Bond’ with a total value of up to MNT 2 trillion with a purpose to finance the implementation of major projects.
Terminal for container transportation to be commissioned at Gashuunsukhait next month
Ulaanbaatar/MONTSAME/. Officials consider that the improvement of operations of not only Zamyn-Uud border checkpoint but also others is one of the solutions to increase export through eliminating the congestions at the border crossings and customs. This was stressed by Deputy Prime Minister S.Amarsaikhan when checking operations of Zamyn-Uud border checkpoint.
Bank of Mongolia signs a Memorandum of Understanding with Swiss State Secretariat of Economic Affairs
The Bank of Mongolia signed a Memorandum of Understanding with Swiss State Secretariat of Economic Affairs (SECO) concerning a technical assistance in selected areas of central bank operations.
BoM purchases 1.7 tons of precious metal in July
In July, the Bank of Mongolia (BoM) purchased 1.7 tons of precious metal. Thus, total amount of precious metal purchase has reached 11.0 tons since the beginning of this year, showing a decrease of 2.07 tons compared to the same period of previous year.
Central bank to carry out studies on reform of banknotes
On August 3, Speaker G.Zandanshatar received First Deputy Governor of the Bank of Mongolia (BoM) G.Dulguun.
Six types of licenses begin to be granted by Ministry of Finance in electronic form
Ulaanbaatar /MONTSAME/. As part of the implementation of the National e-Government Program, the Ministry of Finance has begun granting corresponding special licenses in electronic form.
APU becomes first Mongolian company with MNT 1 trillion worth of market capitalization
Ulaanbaatar /MONTSAME/. APU JSC, listed in ‘Classification I’ of the Mongolian Stock Exchange, became the first Mongolian company with MNT 1 trillion worth of market capitalization in the history of the Mongolian stock market.
S&P reaffirms Mongolia's 'B' ratings with stable outlook
S&P Global Ratings announced on Thursday that it has maintained Mongolia's credit rating at 'B' and the outlook at 'stable'.
2,261 containers transported through railway
In aims of boosting freight transport between Mongolia and China, the two countries are jointly carrying out measures for railway transport.
Golomt Bank signs second multiple loan agreement with World Business Capital, Inc. and U.S. Int’l Development Finance Corp
On September 14, 2017, Golomt Bank signed an eight-year credit agreement with World Business Capital Inc. (WBC) under guarantee from the U.S. International Development Finance Corporation (DFC) as part of its commitment to developing SME businesses in Mongolia.
EBRD’s Trade Facilitation Programme names Khan Bank as Mongolia’s Most Active Issuing Bank
The European Bank for Reconstruction and Development’s (EBRD) Trade Facilitation Programme (TFP) recognizes its most successful partner banks every year. For the year 2020, Khan Bank was awarded the Most Active Issuing Bank in Mongolia 2020 for the 11th consecutive year.
Agricultural cooperation with France discussed
Minister of Food, Agriculture and Light Industry Z.Mendsaikhan had a meeting with Ambassador Extraordinary and Plenipotentiary of the French Republic to Mongolia Philippe Merlin and representatives of the Embassy of France.
Oyu Tolgoi announces 2021 second quarter performance results
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, has released its latest performance scorecard, highlighting key performance metrics for the second quarter of 2021, providing an update on the underground development, and its ongoing COVID-19 mitigation measures.
MNT 3 trillion loaned as part of MNT 10 trillion Plan for Health Protection and Economic Recovery
At the Cabinet’s regular meeting on July 20, Minister of Finance B.Javkhlan gave a progress report on the ‘MNT 10 trillion Comprehensive Plan for Health Protection and Economic Recovery’.
‘Sustainable Resilient Ecosystem and Agriculture Management in Mongolia’ project to be implemented with EUR 4.2 mln from EU
Minister of Environment and Tourism N.Urtnasan and Resident Representative of the United Nations Food and Agriculture Organization (FAO) in Mongolia Vinod Ahuja discussed the ‘Sustainable Resilient Ecosystem and Agriculture Management in Mongolia’ (STREAM) project.
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