Tsagaannuur border point periodically open for petroleum imports
Deputy Prime Minister Ya.Sodbaatar has informed that the Tsagaannuur border crossing checkpoint in Bayan-Ulgii will open from today for petroleum imports.
Central Bank lowers policy rate to 6 percent
The Monetary Policy Committee of the Bank of Mongolia (BoM) made decisions at its irregular meeting held today to reduce the policy rate to 6 percent, reducing it by 2 percentage point.
Some banks open from today for essential services
As allowed by the State Emergency Commission, some commercial banks started working from today, November 23, Monday, to provide essential services for those who are not able to receive bank services online.
Oyu Tolgoi announces performance results for third quarter 2020
On November 20, today, Oyu Tolgoi, Mongolia's largest copper and gold mining company, released the latest edition of its performance scorecard, highlighting key performance metrics for the third quarter of 2020, and provided an update on underground development, and its continued prevention measures on COVID-19.
Finance Minister: Mongolia has applied to purchase COVID-19 vaccine
Following the cabinet meeting held on November 18, Minister of Finance Ch.Khurelbaatar delivered a media presentation on the spending report of foreign loans and assistance received by the government.
900 thousand tons of livestock fodder prepared by herders
This year, herders have prepared a total of 1 million tons of hay and 900,000 tons of fodder for livestock animals, with an increased amount of straw feeding, green fodder, hand made fodder, silage and salt natural feeding than planned, reports the Ministry of Food, Agriculture and Light Industry. Moreover, 20,000 tons of green fodder were made at fodder processing factories.
ADB allocates $20 million to help developing members access vaccines for COVID-19
On November 17, the Asian Development Bank (ADB) has allocated $20.3 million in technical assistance to help its developing members access vaccines for the coronavirus disease (COVID-19) and establish systems to enable equitable and efficient vaccine distribution.
Carried passengers by air transport decreased by 69.4 percent from previous year
RAIL TRANSPORT: In the first 10 months of 2020, 24.9 million tonnes of freight were carried by railway transport.
Non-performing loans in banking system amounted to MNT 2.0 trillion
At the end of October 2020, the total amount of outstanding loans to entities and individuals amounted to MNT 17.2 trillion, decreased by MNT 139.1 billion (0.8%) from the previous month, and by MNT 993.4 billion (5.5%) from the same period of the previous year.
National currency in circulation increased by 9.8 percent from previous year
The money supply (M2) reached MNT 22.5 trillion at the end of October 2020, increased by MNT 2.0 trillion (9.8%) compared with the same period of the previous year.
Number of securities traded at national stock market decreased by 58.5 percent in October
In the first ten months of 2020, securities worth of MNT 37.7 billion were traded at the national stock market, showing a decrease of MNT 99.0 billion (72.4%) compared to the same period of the previous year.
AND Global secures strategic equity investment from Marubeni Corporation
Singapore - AND Global Pte. Ltd. secured strategic equity investment of US$10.3 million in its series A round, led by Marubeni Corporation (“Marubeni”), a major Japanese conglomerate with over $70 billion in revenue, 40,000 group employees and business activities spanning over 14 diversified business divisions.
GDP of Mongolia decreased by 7.3% in the first 9 months of 2020
In the first 9 months of 2020, by preliminary estimation of production approach, Gross domestic product (GDP) at current prices was MNT 26.4 trillion, which is decreased by MNT 953.5 billion (3.5%) compared to the first 9 months of 2019. GDP at 2010 constant prices was MNT 12.7 trillion, which is decreased by MNT 1.0 trillion (7.3%) compared to the first 9 months of 2019.
Exports rise by 25.6 percent in October
According to the first ten months of 2020, Mongolia traded with 143 countries from all over the world, and the total trade turnover reached USD 10.4 billion, of which USD 6.0 billion were exports and USD 4.4 billion were imports.
Mining and quarrying gross output decreased by MNT 1.8 trillion
According to the preliminary results, the gross industrial output reached MNT 13.1 trillion in the first ten months of 2020, decreased by MNT 1.9 trillion (12.5%) from the same period of the previous year.
Total expenditure increased by 26.7 percent compared to previous month
According to the preliminary results in the first ten months of 2020, the total revenue of the general government budget was MNT 8.3 trillion.
MIAT conducts two cargo-only flights to Beijing in past day
As part of the ongoing strict lockdown placed to prevent from the spread of COVID-19, all passenger flights and train transports have been halted.
“Mongolian sea buckthorn to the global market” forum takes place
“Mongolian sea buckthorn to the global market”, the first forum of sea buckthorn cluster took place on November 10 at the Mongolian National Chamber of Commerce and Industry (MNCCI).
Harvested potatoes increase by 26.5 percent from last year
The harvesting report showed that as of November 1, 393.9 thousand tonnes of cereals, 239.3 thousand tonnes of potatoes and 111.9 thousand tonnes of vegetables were harvested, and 968.9 thousand tonnes of hay, 30.6 thousand tonnes of handmade fodder and 3.2 thousand tonnes of silage crops were prepared.
Legal environment of establishing mortgage agency to be created
An issue on creating legal environment for establishing a Mortgage Agency has been projected in the basic guidelines for 2021 state monetary policy, representative of the Bank of Mongolia underlined during the press conference held on November 10.