IFC and partners promote modern livestock technologies in Mongolia to boost productivity
On March 21, IFC, a member of the World Bank Group, in collaboration with FAO, Mercy Corps, and AmCham Mongolia, launched an initiative to promote modern livestock technologies in Mongolia, thereby boosting the sector’s productivity and competitiveness.
Project launches to improve livelihoods through community vegetable farming
‘Community Vegetable Farming for Livelihood Improvement’ project launching was held on March 21.
Erdenes Mongol CEO meets representatives of Orano group of France
CEO of Erdenes Mongol LLC P.Gankhuu yesterday met with a delegation led by Nicolas Maes, Senior Executive Vice President at Orano Group of France.
ADB supports private sector solar power development in Mongolia
The Asian Development Bank (ADB) and the Leading Asia’s Private Infrastructure Fund (LEAP) today signed an USD18.7 million loan with Sermsang Power Corporation Public Company Limited (SSP) and Tenuun Gerel Construction LLC (TGC) to build, operate, and maintain a 15-megawatt solar power plant supplying electricity to Mongolia’s central grid system.
Leather industry delegates attend Mos Shoes and sign MoU
Mongolian Association of Leather Industry (MALI) representatives Mr. Bat-Ochir Mendbayar, Vice President and Mr. Enkhbold Byamba, Manager of MS Garment company, attended ‘Mos Shoes’ an international B2B exhibition of footwear, accessories and materials, held in ‘Crocus Expo’ International Exhibition Center, Moscow, Russia on March 12-15.
Fitch rates Mongolian Mining Corporation first-time ‘B’
Fitch Ratings has assigned Mongolia-based coal producer Mongolian Mining Corporation (MMC) a Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'B'. The Outlook is Stable.
742,175 shares of 27 firms traded on March 18
On March 18, a total of 742,175 shares of 27 firms listed as Tier I, II, and III were traded. Eleven companies’ shares increased in price, seven companies' shares declined while those of nine companies remained unchanged.
Agriculture Minister visits Russia
Minister of Food, Agriculture and Light Industry Ch.Ulaan paid a visit to the Russian Federation on March 13-15.
D.Sumiyabazar: licenses of Eco Altan Zaamar will be cancelled
Minister D.Sumyabazar informed the ministry’s decision to cancel all of four mining licenses of Eco Altan Zaamar Company, adding that the Ministry is waiting for a conclusion to be issued by the State Professional Inspection Agency.
MNT478 billion accumulated from mining sector
Today, the Ministry of Mining and Heavy Industry held its monthly conference ‘Transparent and accountable mining’.
Training on assessment of cooperative development using CPI takes place
In collaboration with the international development and humanitarian aid organization, Global Communities, the Ministry of Food, Agriculture and Light Industry organized a training session for assessing cooperative development using the CPI tool for the experts in charge of cooperatives of the 21 aimags and the capital city.
National producers to participate in Buryatian trade fair
Ministry of Foreign Affairs, Mongolian National Chamber of Commerce and Industry in collaboration with the Government of the Buryatia, republic of Russia, Buryatia Chamber of Commerce and Industry will host the ‘Baikal trade-2019’ business forum on March 28-29 in Ulan-Ude.
Mongolian brands to be promoted to the US and Canadian markets
‘Days of Mongolia in North America’ expo and business forum will open in Washington and Toronto on April 23.
MP B.Choijilsuren meets World Bank delegation
Head of the parliamentary Standing Committee on State Budget, MP B.Choijilsuren today met with a delegation headed by Deepak Mishra, Practice Manager at the World Bank’s Macroeconomics, Trade, and Investment (MTI) Global Practice.
Local businessmen learning export opportunities to the EU market
A meeting for businessmen of six provinces themed ‘Local Business- Export Opportunities to the EU market’ has been held within the Promoting Human and Labour Rights through GSP+ project running by Globe International NGO.
Issue of insufficient foreign investment persists
Economic and financial policy researchers, analysts, economists, representatives of private businesses as well as university students attended the forum, which was organized by the Bank of Mongolia and the Economic Research Institute with the support of Japan International Cooperation Agency (JICA) and Partnership for Economic Policy (PEP) under the theme, ‘Current state of the economy and its future trend-2019’, on March 12.
Monos Foods to launch IPO
At its meeting on March 13, the Financial Regulatory Commission granted permission to Monos Foods LLC for issuing IPO at the Mongolian Stock Exchange. The company aims to draw MNT 8.5 billion from the market, offering 30 percent or 122 million shares for MNT 70 per share.
AmCham hosted Agriculture Minister at its monthly meeting
The American Chamber of Commerce in Mongolia (AmCham) hosted Ch.Ulaan, the Minister of Food, Agriculture and Light Industry at the March Monthly Meeting on March 12, 2019 at Shangri-la Hotel, Ulaanbaatar.
55.6 million pieces of securities worth MNT 13.4 billion traded in February
The money supply (broad money or M2) reached MNT 19.6 trillion at the end of February 2019, showing a decrease of MNT 60.7 billion (0.3 percent) from the previous month, while it shows an increase of MNT 3.7 trillion (23.1 percent) from the same period of previous year.
Tax revenue increases by MNT 272.8 billion
In the first 2 months of 2019, total equilibrated revenue and grants of the General Government Budget amounted to MNT 1454.3 billion and total expenditure and net lending amounted to MNT 1152.3 billion, resulting a surplus of MNT 302.1 billion in the equilibrated balance.
A.Gansukh: From the very beginning I have told the President “Not to go for the bargain if a horse-trade will be proposed for the case that I am being investigated by the IAAC and the Prosecutors”
Yolanda Fernandez Lommen: ADB to cooperate with Mongolian Government in new sectors next year