Secondary Market Trading of Shares of Stock Exchange Commenced
“Mongolian Stock Exchange” JSC commenced secondary market trading of shares with the alphabet code of “MSE” yesterday.
Central Bank Purchases 22.9 Tons of Precious Metal in 2022
The Bank of Mongolia purchased 22.9 tons of precious metal last year.
IPO of Mongolian Stock Exchange Oversubscribed by 4.8 Times
The "Mongolian Stock Exchange" (MSE) started its primary market trading on December 26 by offering 34 percent of its total of 119,157,598 shares to the public.
National Minimum Wage Rises to MNT 550 Thousand
The decision of the National Tripartite Committee on Labor and Social Partnership to increase the minimum wage came into effect yesterday.
Export Performance of Mineral Products Reaches 108 percent
Between December 24-30, 1.011.5 thousand tons of coal were exported by 7.776 trucks, and 1.646 wagons across the border, which is six times higher amount than the same period of 202
German Agency for International Cooperation Handed over a “PLAQUE OF RECOGNITION” to the FRC of Mongolia
The German Agency for International Cooperation (GIZ) handed over a Plaque of Recognition to the Financial Regulatory Commission (FRC) of Mongolia, for its invaluable support to the objectives of the program “Regulatory Framework Promotion of Pro-poor Insurance Markets in Asia”.
Financial Regulatory Commission’s Performance in 2022
The Financial Regulatory Commission (FRC) of Mongolia conducted its annual meeting and assessed performance on December 27.
B. Bayardavaa: Increase In the Budget Expenditure Has a Risk of Weakening the Effect of Monetary Policy
Signing of an MoU with the Association of Real Estate Brokerage Institutions
The FRC signed a Memorandum of Understanding (MoU) with the Umbrella Association of Real Estate Entrepreneurs on 26 December 2022.
Bell-ringing Ceremony Held to Issue IPO of MSE
The bell-ringing ceremony to issue the IPO of the Mongolian Stock Exchange (MSE) state-owned company was held today, December 26, 2022. Minister of Finance B. Javkhlan rang the bell and Chairman of the Financial Regulatory Committee Mongolia D. Bayarsaikhan, Head of the Government Agency for Policy Coordination on State property B. Tsengel, CEO of the MSE Kh. Altai and other officials attended the ceremony.
Number of Enterprises Exporting Meat to Uzbekistan Increased
In the first 10 months of this year, Mongolia has exported 500 tons of meat and by-products to Uzbekistan. During his virtual meeting with the Minister of Agriculture of Uzbekistan Voitov Aziz Botirovich, the Minister of Food, Agriculture and Light Industry of Mongolia Kh. Bolorchuluun expressed that Mongolia has a breadth of opportunity to increase exports to Uzbekistan in the future.
Central Bank Raises Its Policy Rate
During its scheduled meetings on December 15-16, 2022, the Monetary Policy Committee of the Bank of Mongolia (MPC) decided to raise the policy rate by 1 percentage point to 13 percent by majority vote, taking into consideration the current state of the economy and financial markets as well as the outlook and risks to the domestic and external economic environment.
Trading of “InvesCore NBFI” JSC’S Public Offering Bonds Starts in the Primary Market
The bell ceremony to launch trading of “InvesCore NBFI” JSC’s public offering bonds in the primary market was held on December 12, 2022. The Vice-Chairman of the Financial Regulatory Commission (FRC) T. Tserenbadral, NBFI Department Director of FRC B. Itgelsuren, Regulatory Department Director of the Mongolian Stock Exchange A. Munkhbayasgalan and Business Operations Assistant Director of the InvesCore NBFI N. Arslanbaatar attended the ceremony.
Transport Connectivity and Logistics Center is to be Built with World Bank
Mongolia Transport Connectivity and Logistics Improvement Project will be implemented in our country with a World Bank loan.
Permission Issued for Public Stock Trading of Exchange Shares
A regular meeting of the Financial Regulatory Commission (FRC) was held on 14 December 2022. At the meeting, it was decided to register - additional securities issued by the Mongolian Stock Exchange (MSE) within the register of securities approved for public offering.
Diesel fuel being imported from Russia and China
Ulaanbaatar Railways JSC is taking urgent measures to improve the distribution and meet the domestic demand for diesel fuel.
Conditions Created to Use National MNT Cards in South Korea
A signing ceremony for a Memorandum of Understanding on cooperation between the Bank of Mongolia and the “KT Group” of the Republic of Korea was held on December 13.
International Scientific Conference Organized on 35 years of Mongolia-United States Cooperation
On the occasion of the 35th anniversary of the establishment of diplomatic relations between Mongolia and the United States and at the initiative of the Bank of Mongolia, an academic conference “35 Years of Mongolia-United States Cooperation” was held on December 12, 2022. The conference was supported by the Ministry of Foreign Affairs of Mongolia, the Ministry of Economy and Development, the Embassy of the United States of America in Ulaanbaatar, the Mongolian National Chamber of Commerce and Industry, and the AmCham Mongolia.