Ooluun.B
ooluun@montsame.mn
2024-04-20 09:12:17
Neil Sacker: Expenditure on social protection will not be lowered
Yesterday, April 18, President of the Confederation of Mongolian Trade Unions (CMTU) Kh.Amgalanbaatar organized a closed meeting with Resident Representative of the International Monetary Fund  in Mongolia Neil Saker to discuss about IMF's Extended Fund Facility program.
2558 days
Czech Parliament delegates visit Mongolian Parliament
Czech parliament delegates headed by Zuzka Bebarova-Rujbrova, Member of Parliament, Chairperson of the Standing Committee on Human Rights and Petitions and Head of Czech-Mongolian friendship group at the Czech Parliament are visiting Mongolia. Today, April 18, the delegates met with chairwoman of the Parliamentary Standing Committee on Petitions D.Sarangerel, Chairman of Standing Committee on Justice Sh.Radnaased and others and the parties exchanged information on the activities of the Standing Committees.
2559 days
Erdenet Mining Corporation to cooperate with Chile's Codelco
'Erdenet Mining Corporation' the largest copper and molybdenum ore mining and concentration plant of Mongolia will develop cooperation with Codelco Company, the world’s top copper producer of the Republic of Chile. On April 11, General Director of Erdenet Mining Corporation Kh.Badamsuren and President of Codelco Xompany Nelson Pizarro Contador signed a memorandum of cooperation.
2559 days
Children of Mongolians living abroad to be registered as Mongolian citizen
The Ministry of Foreign Affairs works to resolve the issue of allowing dual citizenship to Mongolian nationals living abroad. “Today, there are some 144500 Mongolian citizens living abroad and the Foreign Ministry in collaboration with relevant ministries on the exact number of the citizens, as the citizens abroad will vote in the upcoming Presidential Election in June.  Concerning the frequently asked request to resolve dual citizenship, the Ministry is working to resolve so that children born from Mongolian parents are registered as a Mongolian citizen, regardless their location of birthplace” said Director of the Consular Department of the Foreign Ministry Ya.Ariunbold.
2559 days
Non-performing loans decrease by 3.2 per cent
Non-performing loans in a banking system amount to MNT1035.5 billion as of the end of March, showing a decrease by MNT34.6 billion or 3.2 per cent compared to previous month. However, the amount is higher by 7 per cent or by MNT67.6 billion than the same period of last year. Non-performing loans made up 8.2 per cent of total outstanding loans, staying the same as in the first quarter of last year.
2559 days
Housing price index increased in short term
Tenkhleg Zuuch LLC reports on the March results of the “Housing Price Index” study conducted independently at the request of  the Bank of Mongolia. The research shows that the general index of housing price was 1,01 in March, by 1.0 per cent up than in January 2013, basic consideration period of the research. The index increased by 0.17 percent compared to the previous month. The general index increased by 0.10 per cent compared to the starting period of this year, and dropped by 3.34 per cent compared to the same month of previous year.
2560 days
DP group urges to postpone enforcement of increased tax rates
Ulaanbaatar /MONTSAME/ Today, April 17, the Democratic Party group in Parliament discussed the approved amendments to the state budget. The group urges to postpone the enforcement term of increased tax rates. Even though the group could not get majority support regarding their proposal not to raise tax rates, they request  to postpone the implementation of the three tax rates that were decided to increase. 
2560 days
B.Choijilsuren: Prerequisite to implement IMF's Extended Fund Facility program has been satisfied
Ulaanbaatar /MONTSAME/ The first financing of the International Monetary Fund's Extended Fund Facility program will be provided in the middle of June, said Finance Minister in his interview to itoim.mn news website. “- In the night of April 13, when the budget amendments were approved by the Parliament, Governor of the Bank of Mongolia N.Bayartsaikhan and me, as a Finance Minister sent an official letter to IMF, informing that prerequisite to implement the EFF program has been satisfied.    
2560 days
Mortgage Corporation’s special purpose entity to release securities
Ulaanbaatar /MONTSAME/ On April 13, the Financial Regulation Commission (FRC) granted a financial activity license to ‘MIC Active Twelve Months”, a special purpose entity established by the "Mongolian Mortgage Corporation“ company last August and registered its securities.  ‘MIC active twelve months” company is releasing mortgage loan guaranteed securities of 2.7 million with nominal value of MNT100 000 and 30-year term. The Commission assigned the two companies to insure the loan package for long term and in accessible way, meeting the interest and demand of the insured.
2560 days
Social insurance fund revenue increased
Ulaanbaatar /MONTSAME/ In the first quarter of 2017, the General Authority for Health and Social Insurance of Mongolia reported that the revenue of Social Insurance Fund amounted to MNT 484.7 billion, reflecting an increase of MNT82.2 billion or 20.4 percent and expenditure of the fund reached 450.3 billion, showing an increase of MNT47.4 billion or 11.8 percent compared to the same period of the previous year. In the first quarter of 2017, revenue of social Insurance fund has increased by MNT82.2 billion compared to the same period of the previous year. This was partially due to increased revenue of pension insurance fund by MNT 60.5 billion and health insurance fund by MNT7.6 billion.
2563 days
Seven types of tax rates to be raised following budget amendments
Ulaanbaatar /MONTSAME/ Amendments to the 2017 State Budget, which were approved by the Parliament yesterday, April 13, laid out to raise seven types of taxes, as the Government agreed with the International Monetary Fund in the scope of a three-year Extended Fund Facility. Tax rate increase of four types of taxes will come into effect starting May 01. Those include individual income tax, tax on interest of bank savings, customs tax on imported cigarettes and excise tax on passenger cars.
2563 days
Trilateral agreement signed to support employment
Ulaanbaatar /MONTSAME/ Today, April 14, a trilateral agreement was established between the Capital Governor’s office, Confederation of Trade Unions of Ulaanbaatar and the Mongolian Employers' Federation, with an aim to increase employment of citizens of the captial city and develop small and medium enterprises. The parties agreed to collaborate in protecting legal rights and interests related to employment and develop social partnership, putting 22 tasks forward.
2563 days
Seven types of tax rates to be raised following budget amendments
Ulaanbaatar /MONTSAME/ 2017 Budget amendment, which approved by the Parliament yesterday, has raised seven types of taxes, as the Government agreed with the International Monetary Fund in the scope of the three-year Extended Fund Facility. Tax rate increase of four types of taxes will come into effect starting May 01. Those include individual income tax, tax on interest of bank savings, customs tax on imported cigarettes and excise tax on passenger car.
2563 days
Money supply reaches MNT12.2 trillion
Ulaanbaatar /MONTSAME/ According to the Central Bank of Mongolia, the money supply has reached MNT12.2 trillion at the end of March 2017, showing a decrease by MNT79.5 billion or 0.6 per cent from the previous month and an increase by MNT2 065.3 billion or 20.4 per cent compared with the same period of 2016. At the end of March 2017, the national currency in circulation reached MNT 788.3 billion, down by MNT156.5 billion  or 16.6 per cent from the previous month and up by 129.7 billion  or 19.7 per cent compared to the same period of 2016.The amount of outstanding loan amounted to MNT12.7 trillion in the reference period. This is a growth by 0.8 per cent from the previous month and by 7.1 per cent from the same period of 2016.
2563 days
Social insurance fund revenue increases
Ulaanbaatar /MONTSAME/ In the first quarter of 2017, the General Authority for Health and Social Insurance of Mongolia reported that the revenue of Social Insurance Fund amounted to MNT 484.7 billion, reflecting an increase of MNT82.2 billion or 20.4 percent and expenditure of the fund reached 450.3 billion, showing an increase of MNT47.4 billion or 11.8 percent compared to the same period of the previous year. In the first quarter of 2017, revenue of social Insurance fund has increased by MNT82.2 billion compared to the same period of the previous year. This was partially due to increased revenue of pension insurance fund by MNT 60.5 billion and health insurance fund by MNT7.6 billion. The Social insurance fund expenditure increased by MNT47.4 billion compared a year ago. Main reason goes to increase in pension insurance fund expenditure by MNT31.5 billion, health insurance fund by MNT9.6 billion and unemployment insurance fund by MNT3.0 billion.
2563 days
2017 Budget amendment approved
Ulaanbaatar /MONTSAME/ Yesterday, April 14, Parliament approved amendments to the law on 2017 State Budget and Law on Social Insurance Fund, proposed by the Cabinet on March 24. The amendments sets the 2017 state revenue projection at MNT6.035.7 billion or 23.3 per cent of GDP and expenditure at MNT8.750.2 billion, 33.6 per cent of GDP, with a deficit amounting to MNT2.714.4 billion, 10.4 per cent of GDP. 
2563 days
Chamber of Commerce and Industry cancels its demonstration
Ulaanbaatar /MONTSAME/ Today, the National Chamber of Commerce and Industry of Mongolia made an statement that the Chamber has cancelled a demonstration which planned to organize today, on April 13 at the central square. The chamber had handed a petition to the parliament, appealing to not  increase tax rates, imposing pressure to companies. However , the Chamber President B.Lhagvajav stated that they had met with the Parliamentary Speaker and reached an agreement.
2563 days
National Naadam Festival celebration to get MNT2.7 billion funding
Ulaanbaatar /MONTSAME/ Yesterday, the Organizing Commission of the National Naadam Festival held  a meeting at the State House, discussing about the budget of Mongolian traditional Naadam Festival, the state ceremonial concert and granting state titles to some national archers.
2563 days
Money in offshore bank accounts to be withdrawn in three months
Ulaanbaatar /MONTSAME/ At its plenary meeting held on April 13, the Parliament approved amendments to Law on Managing and Preventing from conflict of interests in the public service. The law bans state and government officials to hold offshore bank accounts and if the officials already have offshore bank accounts and have deposited money, they are obliged to withdraw money from the account within three months since the law approval and to report about it within 30 days after the action.
2563 days
21000 officials to work at Presidential Election
Ulaanbaatar /MONTSAME/ Yesterday, on April 12, the General Election Commission held its regular meeting, forming 22 organizing committees of the Presidential Election in aimags and in the capital.
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Mongolia Generates USD 1.3 Billion from Tourism Industry in 2023 15 hours
Mongolia and South Korea to Implement "Silk Road" Traditional Medicine Project 17 hours
Foreign Minister Battsetseg to Chair 80th Session of ESCAP 18 hours
Mongolia Submits Request to Host International Wrestling Competitions 18 hours
Mongolian Pavilion at the 60th International Art Exhibition – La Biennale di Venezia 18 hours
SKYTRAX Awards 4 Stars to Chinggis Khaan International Airport 21 hours
Consul Battsetseg Meets Governor of Minnesota 1 day
UNGA Holds the "Sustainability Week" in New York 1 day
Mongolian 3x3 Basketball Teams Honored as "Go Mongolia" Ambassadors 1 day
“Craftsmanship, Worship, Enlightenment” Thangka Art Exhibition 1 day
Partnering with the Asian Development Bank on Public Transport 1 day
Decisions Made at the Cabinet Session 1 day
Mongolia has hosted 115,828 foreign tourists this year 3 days
President Khurelsukh Announces Establishing Orphanage for Children with Developmental Challenges 3 days
President Khurelsukh Announces Establishing Orphanage for Children with Developmental Challenges 3 days
Discussing Ideas on the Integration of Artificial Intelligence in Education 3 days
ASEAN Regional Forum Training Begins in Mongolia 3 days
Producer Bayartsetseg Appointed as Cultural Envoy of Mongolia 3 days
Empowering Young Entrepreneurs Through Training Programs 4 days
The Film "If Only I Could Hibernate" to Be Released in British Cinemas 4 days
Mongolian Educators Head to South Korea for Cultural and Educational Exchange 4 days
“Craftsmanship, Worship, Enlightenment” Thangka Art Exhibition Opens 4 days
Foreign Tourists Describe Mongolia as Modern, Safe, and Hospitable 4 days
Ulaanbaatar’s Potential: Recycling 44,420 Tons of Plastic Annually 5 days
"Tourism Week 2024" Begins Today with Mongolian Tourism Forum 5 days
Mongolia Receives Ten Medals at the Asian Wrestling Championship 5 days
Jet Sharing Mongolia Introduces 6,000 Electric Scooters with Shock Absorbers 5 days
Mongolian Women Motorcyclists to Ride the Great Silk Road 5 days
Over Ten Thousand Mongolians Safeguard Intangible Cultural Heritage 5 days
“Khot Mandal – Secret Tantra Temple” Photo Exhibition Opens in Slovenia 5 days
Indian Ambassador to Mongolia Presents Copy of Letter of Credence 5 days
This Week in Mongolia 5 days
Over 1200 Teachers Participate in the 8th Congress of Mongolian Teachers 8 days
Policy to Encourage Companies to be Public Promoted 8 days
"Go Mongolia" Event to Be Organized in Tokyo This May 8 days
Overseas Training – a Policy to Strengthen Human Resource 8 days
Mongolia Targets 4-5 Medals at Paris 2024 Olympic Games 8 days
ADB Forecasts Mongolia to Keep its Economic Growth 9 days
Successful Prosthetic Elbow Implantation at Mongolian Trauma Center 9 days
Mongolian 3x3 Basketball Teams to be Awarded MNT 500 Million 9 days
Olympics Ceremonial Attire to Feature Nine White Banners and Olympic Torch 9 days
Excess Wheat to Be Exported 9 days
Development Plan of Mongolia for 2025 Identifies Eight Policy Priorities 9 days
Government to Implement "New Cooperative - Wealthy Herder" Program 9 days
Secondary School Students' "Path to the Dream" Exhibition Displayed 10 days
Central Bank of Mongolia Committed to Maintaining Economic Growth at 7 Percent 10 days
Air and Road Transport Agreement with Italy Discussed with Ambassador 10 days
Views Exchanged on Conducing Direct Flights between Mongolia and India 10 days
Mongolia to be Promoted in Vietnam through the Vietnam News Agency 10 days
South Korean Ambassador to Mongolia Presents Copy of Letter of Credence 10 days
President Khurelsukh to Launch "White Gold" National Campaign to Boost Light Industry 10 days
President Khurelsukh Congratulates Mongolian 3x3 Basketball Teams 10 days
Mongolia and Australia Agree to Finalize the Draft of the Comprehensive Partnership 11 days
Selenge Aimag Governor's Office Initiates "IELTS Course for Selenge Aimag" 11 days
European Union's SWITCH-Asia Program Funded SOAP II Project to Be Implemented in Darkhan-Uul Aimag 11 days
First Rebar Factory in Western Region of Mongolia to be Established 11 days
"City of Wind" Set for Screening in France 12 days
IFC Submits Feasibility Study of Emeelt Eco-Industrial Park 12 days
Essential Health-Related Information to be Available Online by This May 12 days
Borshoo Port Upgraded with Smart Monitoring Systems and Laboratory 12 days
Ulaanbaatar Continues Citywide Spring Cleanup Days 12 days
Route for the Second Line of Cable Car in Ulaanbaatar Defined 12 days
Pilot Project for Professional Orientation of Mongolian Youth to be Implemented 12 days
Technology Solutions to Simplify Insurance Services and Reduce Congestion under Discussion 12 days
Premier Oyun-Erdene Receives Ambassador Shen Minjuan 12 days
Prime Minister Oyun-Erdene Expresses Gratitude to Russia for Humanitarian Assistance 12 days
President Khurelsukh Congratulates Mongolian 3x3 Basketball Teams 12 days
This Week in Mongolia 12 days
President Khurelsukh to Launch "White Gold" National Campaign to Boost Light Industry 15 days
Mining Companies Actively Taking Part in “One Billion Trees” National Campaign 15 days
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