Stock Exchange weekly review /April 18-22/
During the week of April 18, 2022 to April 22, 2022, MNT 1,286,938,719.18 worth of securities were traded through 5 trading sessions on the MSE.
Export of precious metals and foreign banknotes amounting to MNT 20 million to be restricted from today
In connection with the law on preventing the rise in price and shortage of key commodities caused by the international crisis and reducing their impact that was adopted last week, the State Great Khural made certain amendments to the Law on Anti Money Laundering and Combatting the Financing of Terrorism.
Green Development model to be defined by Mongolia
By 2030, about 130 million people will suffer from hunger due to the force majeure event such as drought and dzud caused by climate change. According to the relevant estimations conducted by the international organizations, this figure will reach 200 million in 20 years.
Prime Minister holds meeting with entities to receive suggestions on amending 2022 State Budget
On April 19, Prime Minister of Mongolia L. Oyun-Erdene held a meeting with representatives of the country’s TOP-100 entities to introduce the bill developed for making amendments to the 2022 State Budget and receive their suggestions.
Traffic congestion expected to reduce by 25 percent with introduction of LRT in public transport
On April 19, the project on constructing light rail transit (LRT) lines in the capital city was introduced at a meeting of the Temporary Committee in charge of Ulaanbaatar city development policy.
Stock Exchange weekly review /April 11-15/
During the week of April 11, 2022 to April 15, 2022, MNT 2,367,673,958.12 worth of securities were traded through 5 trading sessions on the MSE.
New challenge surfaced in making domestic stock market accessible
A forum took place under the theme, ‘IPO Mongolia: Accessible Stock Market’ on April 15. While there used to be a large number of retail investors in the Mongolian stock market, larger, institutional investors have now become more common, highlighted Director of the Securities Market Department at the Financial Regulatory Commission (FRC) B.Dulguun.
Daniel Kawczynski: UK Government will actively carry out works to invest in Mongolia
The Mongolia-UK business forum took place on April 13. Co-organized by the Ministry of Foreign Affairs, the British Embassy in Mongolia, and the Mongolian National Chamber of Commerce and Industry, the forum was attended by Trade Envoy of the UK Prime Minister, MP Daniel Kawczynski and Ambassador Philip Malone.
Meeting held with Ambassadors of Mongolia to discuss social security agreement proposal
Minister of Labor and Social Protection A.Ariunzaya held a meeting with Ambassador of Mongolia to the Republic of Korea E.Sarantogos, Ambassador to Kuwait P.Sergelen, and Ambassador to Switzerland D.Gerelmaa to provide detailed information on current policy for labor and social protection, activities, and legal reforms concerning the matter.
“It is possible to earn MNT 60 billion from transit flights”
The ‘Mongolia Economic Forum-2022’ is continuing for the second day today, with one of the discussions taking place on the revival of the tourism sector.
Estonia to cooperate in developing e-governance in Mongolia
On April 7, a Memorandum of Understanding was signed between the Ministry of Digital Development and Communications and the e-Governance Academy of Estonia.
Virtual meeting held with ICCF Executive Director on strictly protected areas
On April 6, Minister of Environment and Tourism B.Bat-Erdene held a virtual meeting with Ambassador of Mongolia to the U.S. U.Batbayar, and Executive Director in charge of International Conservation Caucus Foundation (ICCF)’s Asia Programs Todd Koenings.
General development plan for ‘New Zuunmod’ city approved by Government
At the regular Cabinet meeting on April 6, the development plan for the new Zuunmod city in Khushig Valley was approved, reported Minister of Construction and Urban Development B.Munkhbaatar.
MIAT Mongolian Airlines launches regular direct flights to Istanbul
Starting from today on April 6, the national flag carrier, MIAT Mongolian Airlines, has begun to regularly conduct direct flights between Ulaanbaatar and Istanbul.
Russian companies holding meetings with local authorities to discuss gas pipeline project
The natural gas pipeline connecting Russia and China will go through the territory of Mongolia, passing through six aimags for a total distance of 962.9 km. As an agreement has been signed between the sides of Mongolia and Russia on conducting studies for the project, the Russian companies in charge of carrying out the works have begun to hold their first meetings with the side of Mongolia - local governing bodies.
Medical equipment presented to National Trauma and Orthopedic Research Center through Japanese non-refundable aid
In the framework of the non-refundable aid being provided by the Government of Japan to provide support for Mongolia’s socio-economic development in connection with the COVID-19 pandemic, the National Trauma and Orthopedic Research Center was presented with the initial batch of medical equipment.
Mongolia-India direct flight to be conducted from this summer
Mongolia-India strategic partnership and cooperation will make various advancements and achievements this year, highlighted Ambassador Extraordinary and Plenipotentiary of the Republic of India to Mongolia M.P.Singh. During the business meeting organized on expanding Mongolia-India cooperation in trade, technology, and tourism, the Ambassador also noted that construction projects are being implemented on an oil refinery as well as an education and outsourcing center on IT and cyber security, with soft loan from the Government of India.
Consultative meeting takes place on vocational education and labor market
There has begun to be an imbalance in the labor market of Mongolia. Due to the incapacity to meet market demands, certain sectors have already had a shortage in workforce.
Deputy PM holds meeting with executives of Engineers India Limited
On March 31, Deputy Prime Minister S.Amarsaikhan received the executives of Engineers India Limited, the consultation company in charge of providing services for the management of the oil refinery construction project.
Set of guidelines issued by Green Finance Regional Forum
At the Green Finance Regional Forum organized at the initiative of the President of Mongolia, discussions were held on accelerating regional cooperation in fighting against climate change, desertification, and soil degradation, resolving pressing issues, developing sustainable, green financing, and implementing a policy on ‘Revival of Green Development’.
“Mongolia is on the same level as developed countries for its development of IT and communications sector”
“InvesCore’s achievements will serve as a stepping stone for many more Mongolian companies to enter the foreign market”
B.Turmunkh: I illustrated 60 pieces for the updated version of ‘The Secret History of Mongols’