Customs revenue to state budget reached MNT 2.7 trillion
The Mongolian customs organization accumulated MNT 2.7 trillion to the state budget in 2018, overperforming their target revenue collection by 124 percent or MNT 538 billion, reported during Customs Authorities Symposium held yesterday.
Tumen Shuvuut JSC launches IPO
Primary market order opening and the opening bell ceremony for Tumen Shuvuut JSC, a newly listed company on the Tier 2, have been held today at the Mongolian Stock Exchange.
National currency in circulation reaches MNT 968.6 billion
The money supply reached MNT 19.5 trillion at the end of December 2018, showing an increase of 4.4 percent from the previous month and by MNT 3.6 trillion or 22.8 percent from the same period of the previous year.
Number of traded securities increased by 4 times
In 2018, 667.3 million pieces of securities worth of MNT 360.2 billion were traded at the national stock market, which is decreased by MNT 1.1 trillion or 75.6 percent compared to the previous year. The number of traded securities increased by 552.2 million (5.8 times more) pieces compared to the previous year.
Gross industrial output increases by 21 percent last year
By preliminary results of 2018, the gross industrial output reached MNT 15.7 trillion, showing an increase of MNT 2.7 trillion (21.0percent) from the previous year.
Foreign trade turnover shows increase of USD 2.3 billion in 2018
In 2018, Mongolia traded with 156 countries from all over the world and total trade turnover reached USD 12.9 billion, where exports was USD 7.0 billion and imports was USD 5.9 billion.
National Trade and Investment Roadmap under development
The Government of Mongolia adopted the ‘Mongolian Export’ program in September 2018. Within the framework of the program, the Ministry of Foreign Affairs (MFA), International Trade Centre (ITC) and Mongolian National Chamber of Commerce and Industry (MNCCI) are developing the Mongolian Trade and Investment Roadmap.
Retail price of gasoline cut by 100 tugrug
Cabinet Secretariat of Government of Mongolia reported Monday that retail prices of AI-80, AI-92 gasoline and diesel fuel would be lowered by 100 tugrug per liter starting from January 15.
Tax revenue reaches MNT 8.2 trillion with 30 percent increase
At the end of the 2018, total equilibrated revenue and grants of the General Government Budget reached MNT 9.2 trillion and total expenditure and net lending amounted to MNT 9.2 trillion
Budget revenue exceeds MNT 10 trillion for the first time
The State Budget revenue exceeds MNT10 trillion for the first time in fiscal year 2018, reported Finance Minister Ch.Khurelbaatar.
Mongolia Gold-2019 to take place
The Mongolian Gold Producers’ Association and Mongolian Mining Exchange will co-organize ‘Mongolia Gold 2019’ conference and exhibition with the support of Bank of Mongolia, public sector, gold miners, foreign investors and professional institutions on March 22-23 at Corporate Convention Center.
Stock Exchange renews the TOP-20 index composition
The TOP-20 index composition for the year 2019 has been renewed in accordance with the MSE “Regulation on Securities Index Calculation”.
MNCCI to cooperate with leagues of Inner Mongolia
The Mongolian National Chamber of Commerce and Industry has established Memorandums of Cooperation with Committees for Promotion of Trade of Xilin Gol League and Chifeng city of Inner Mongolia, People's Republic of China.
Foreign trade turnover of Bayan-Ulgii aimag increases by 54.9 percent in 2018
Total foreign trade turnover of Bayan-Ulgii aimag reached USD 54.3 million in 2018, showing an increase of 54.9 percent of USD 19.2 million compared to that of the previous year.
Mongolia earns MNT400 bln from meat export in 2018
Mongolia exported 54.9 thousand tons of meat (about 5 million head of livestock) in 2018, of which 37.3 thousand tons were frozen whereas 17.6 thousand tons were heat-processed meat.
Innovation fund set up
Ulaanbaatar /MONTSAME/ With an aim to promote innovation in Mongolia, National Development Agency of Mongolia in collaboration with German Society for International Cooperation (GIZ) has decided to set up innovation funds that will lend support in three fields.
MNT 357.3 billion outflows for Tsagaan sar celebration
The National Statistics Office reports that MNT 357.3 billion outflows for celebration of Tsagaan Sar Holiday. Specifically, imported goods for gifts make up about 80 percent of the total gifts of the holiday.
Some 197 thousand shares traded
On January 10, 2019, 197,772 shares of 19 firms listed as Tier I, II, and III were traded. 9 companies’ shares increased in price, 8 companies' shares declined while those of 2 companies unchanged.
Mongolian mining representatives to attend PDAC-2019
The 87th PDAC World’s Mineral Exploration and Mining Convention and Expo will be held in Toronto, Canada on March 3-6, 2019.
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