Apr 11, 2025 58 min read Daily News Summaries

Mongolia News Summary for April 11, 2025

The following news articles are the opinions of their authors and publications. They are presented here as translations for informational purposes and do not necessarily represent the opinion of MongolBeat or its members.

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Politics

Parliament Discusses Amendments to the Credit Information Law

Published: 2025-04-10 | Translated from: ikon.mn

This afternoon, during the session of parliament, the proposed amendments to the "Credit Information Law" are being discussed. Notice: It is prohibited for media organizations (Television, Radio, Social Media, and Websites) to use our information in any form, whether in full or partially, without permission. It is only allowed under an agreement, by citing the original source (ikon.mn).

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Incorporating the Protection of Journalists into the "Law on Freedom of the Press" to Align with International Standards is Necessary, says MNCHR

Published: 2025-04-10 | Translated from: isee.mn

The National Human Rights Commission held a press conference regarding the challenges faced by journalists and lawyers in their activities. During the conference, Z. Önörjargal, head of the Human Rights Defender Department of the MNCHR, stated that "Everyone engaged in journalistic activities, regardless of their type, is considered a human rights defender. There is a need to include why journalists should be protected in the Law on Freedom of the Press to align with international standards." Journalists often worry about what will happen after they prepare their news. In 2023, according to the assessment by Reporters Without Borders, our country's press freedom ranked 70th but has now slipped by 21 places. This assessment considers factors such as political dependencies, pressure on journalists, control by legal bodies, and limitations on information. The MNCHR has issued a report based on four outcomes: the mental state of journalists, financial dependencies, and other factors. Between 2021 and 2024, out of 56 cases related to defamation in court, 30 cases were linked to journalists. The complainants in cases against journalists are often political officials or state employees. In 2023, the number of media organizations decreased by 79 from 434. The legal status of human rights defenders now allows for the protection of journalists, which is commendable. The Civil Law needs to optimally reflect that if the implicated party is a journalist, they should be exempt from providing evidence to protect their sources.

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Parliament: Deliberating the Reappointment of the State Prosecutor General

Published: 2025-04-10 | Translated from: ikon.mn

The unified session of the Parliament is currently discussing the reappointment of the State Prosecutor General. The President of Mongolia has submitted a proposal to the Parliament to "reappoint B. Jargalsaikhan as the State Prosecutor General." The presentation of this proposal was delivered by G. Zandanshatar, Head of the Presidential Office. The President's proposal to reappoint the Prosecutor General was discussed and supported by the party factions in Parliament and the Standing Committee on Law. WARNING: Media organizations (Television, Radio, Social, and Web platforms) are prohibited from using our information in any form—fully or partially—without agreement. Usage must reference the original source (ikon.mn) if agreed upon.

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The Parliament Discusses the Reappointment of Chief Prosecutor B.Jargalsaihan

Published: 2025-04-10 | Translated from: isee.mn

The session of the Parliament has begun. At the start of the meeting, the issue of reappointing the State Chief Prosecutor B. Jargalsaihan is being discussed.

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Economy

Published: 2025-04-10 | Translated from: ikon.mn

Members of the State Great Khural have proposed amendments to the General Law on Social Insurance. The Confederation of Mongolian Trade Unions (CMTU) expressed its position on this matter. The Secretary-General of the CMTU, Kh. Buyanjargal, stated, "Members of the State Great Khural, including B. Tuvshin, have formulated a draft to amend the law on social insurance in four areas. These include excluding individuals who enter into employment contracts, service contracts, and similar agreements to engage in work and services from mandatory social insurance; removing from the calculation of wages and similar income, as well as from the base for social insurance contributions, the monetary compensation provided by employers for meals, transport, housing, and fuel expenses; setting the maximum salary and similar income for which employers pay social insurance contributions to an amount equal to ten times the then-current minimum monthly wage; and exempting foreign-invested legal entities from paying social insurance contributions. The CMTU, which constitutes three of the nine members of the National Council on Social Insurance, is expressing its stance as a representative organization of insured individuals. From these proposed amendments, a shortfall of 725 billion MNT in the social insurance budget for 2025 is projected. The foundational law on social insurance regulates all relationships from the formation of a person in the mother's womb until their death and funeral. It is correct to approach this matter with thorough consideration and discussion. Efforts should be made to ensure the independence of the social insurance fund, keeping it free from political influence. When counting the number of employees in the informal sector, including those in agriculture, over 530,000 people are engaging in work through employment or similar contracts. If the law is amended, the issue of social protection for these individuals will arise. We see a risk of decreasing income for the social insurance fund by setting a cap on employers' mandatory social insurance. Proposals and initiatives to supplement and amend the package of social insurance laws should establish conditions for the long-term stability of the social insurance system. The law generally stipulates that social insurance management should have a tripartite structure. Thus, when making decisions related to social insurance, it is essential to adhere to the principle of collective management and discuss these issues with the National Council on Social Insurance, subsequently obtaining assessments from relevant expert committees. The CMTU supports a multi-tiered pension insurance system. Therefore, it advocates for the government to urgently submit the private supplementary pension law. There is information that not only are the members of the State Great Khural preparing to submit amendments to the Law on Social Insurance, but the government is also working on submission. As of 2024, 108.3 thousand enterprises are operating in Mongolia, 4.6 thousand of which are foreign-invested. Our primary opposition is to the exclusion of foreign-invested legal entities from social insurance coverage, as it may put the social security and future protection of the people working there at risk. There is a prevalent understanding among individuals that paying social insurance contributions is useless. In response, he explained, "In this economically challenging time, the money one receives may seem significant. However, social insurance is an arrangement where the state is responsible for coverage in cases such as illness, unemployment, industrial accidents, occupational diseases, or retirement."

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Mongolia's Economy Projected to Grow by 6.6% in 2025

Published: 2025-04-10 | Translated from: unuudur.mn

The Asian Development Bank estimated that Mongolia's economy will grow by 6.6% this year and by 5.9% next year. According to the bank's senior economist, Eduard Faibert, the strong growth in the mining and service sectors has offset the agricultural difficulties caused by the harsh winters of 2023 and 2024, allowing Mongolia's economy to maintain its balance last year. However, in 2025 and 2026, the mining sector will continue to be the main driver of economic growth, with domestic demand and infrastructure investment increasing and agriculture gradually recovering, contributing to this growth to a certain extent. Nevertheless, Mongolia remains highly dependent on mining raw materials, particularly coal exports, which carries significant risk. As economic activity picks up, government spending increases, and energy tariffs rise, inflation is expected to reach 9.1% this year but decrease to 7% next year. Furthermore, mining production is expected to increase exports. Conversely, the import of equipment and goods required for investment projects is likely to rise. Although the trade balance remains favorable, the current account is projected to run a deficit due to the outflow of income. The "Asian Development Outlook" report for April 2025, issued by the Asian Development Bank, states that economic growth in the developing Asia-Pacific region is expected to slightly decrease from last year to 4.7% in 2025. However, with global reductions in food and energy prices, inflation in this region could decrease to 2.3% this year and to 2.2% next year, according to projections.

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Japanese Business Leaders Invited to Invest in Mongolia

Published: 2025-04-10 | Translated from: montsame.mn

The Embassy of Mongolia in Japan organized a business seminar on "Mongolia's Economic and Investment Opportunities." During the seminar, the Embassy introduced the current state of Mongolia's economy and investment environment. Additionally, discussions were held on potential opportunities to boost business and economic relations between the two countries. Around 20 business leaders participated in the seminar, who were invited to consider investing in Mongolia, according to the Embassy.

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A Risk-Based Tax Inspection System Will Be Established

Published: 2025-04-10 | Translated from: news.mn

The director of the Tax Inspection and Methodology Department at the General Department of Taxation, B. Badamtsetseg, stated, "We will provide advisory services that meet the needs and requirements of taxpayers." Tax authorities are striving to help people learn the correct habit of voluntarily complying with tax laws and regulations. In doing so, they focus on preventing taxpayers from risks by analyzing common violations discovered during tax inspections over the last 3-4 years by sector and tax type, and organizing trainings. In addition to providing guidance and recommendations, content is being prepared and shared on social networks to spread information about taxes in the community, as mentioned by B. Badamtsetseg. We would like to share some clarifications from her. - During tax inspection, difficulties and issues arise. Could you tell us more about this? - We have studied the loopholes, overlaps, conflicting regulations, and difficulties faced during the implementation of tax and related laws during the tax inspection process. Based on the results of the study, we prepared proposals for amendments to the relevant laws and submitted them to the working group. For example, suggestions were made on stopping the statute of limitations for tax purposes, calculating penalties, addressing provisions related to tax crimes and money laundering, and how to resolve inspections being conducted. - We heard that you are working to align the tax authority's activities with international best practices. How is this work progressing? - This work is being implemented step by step. We are advancing the TADAT evaluation and working to improve the electronic tax system. In particular, a project to strengthen tax management capacity based on big data is being implemented in cooperation with the Japan International Cooperation Agency (JICA). As part of this, they aim to propose directions for improving the control and workflow of inspections, performing simplified inspections for micro and small businesses based on risk models, and introducing electronic inspections. Development is being done cooperatively with other units in the integrated tax management system. Full implementation is expected within this year. - What results are expected from the digital development? - With the digital development, the process of communicating with taxpayers based on the risk assessment model will become automated. Additionally, the risk-based tax inspection system will improve, which in turn is expected to enhance tax collection prospects. - Could you provide information about measures to introduce a quality control system aimed at improving the results of the tax authority's operations and changing staff attitudes? - In this regard, a system to calculate the quality and effectiveness of tax inspections has been introduced digitally. A program is being developed to ensure that decisions are based on risk assessments before they are finalized, allowing for recalibration in cases where inspections are inadequate. It is a performance undertaking done without human involvement. Furthermore, there are plans to hold inspectors accountable and focus on developing skills for those who perform insufficient or non-credible inspections. The program to enhance skills also considers the "Borderless Examiner" initiative of the OECD and the "Deep Dive" program of intergovernmental forums. It focuses on identifying transfer pricing risks and learning inspection methodologies. - In addition to implementing recommendations from these organizations in transfer pricing audits, are there plans for more detailed inspections? - Mongolia joined the OECD/G20 Base Erosion and Profit Shifting initiative in 2017, and in 2018, joined the Global Forum. This included commitments to revise legal regulations, strengthen capacity to combat complex tax planning and schemes, exchange information (EOI) for tax purposes, and implement international standards of transparency. The amendments to the tax package laws adopted by the Great State Khural (parliament) of Mongolia in 2019 included significant changes regarding international tax law. Online training from the OECD on transfer pricing is continuously organized for tax inspectors with inspection functions. Regular participation in this training provides opportunities to understand transfer pricing, international tax relations, and master the methodology for conducting complex inspections. For complex inspections, interest rates, management fees, and the prices of goods and services are assessed based on the nature, economic substance, and needs of the transactions. Inspectors also identify potential risks of tax evasion, the use of tax schemes, or avoidance crimes during the inspections. Therefore, it is necessary to train staff in complex inspection methods within the tax authority this year. It is also planned to build a human resources base focused on competencies, employing skilled inspectors for audit units. Additionally, efforts are being directed towards improving domestic and foreign cooperation and enabling training, advice, and methodological support to help taxpayers prevent risks.

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S. Sukhbold: Tax and fee burdens are limiting business activities and investment

Published: 2025-04-10 | Translated from: unuudur.mn

The stable economic growth, competitiveness of various sectors, and investment flow in Mongolia are directly dependent on intelligent tax policies. This time, we spoke with S. Sukhbold, director responsible for trade and tourism companies of the "Max Group," about the trends in tax reform, international best practices, currency reserve policies, and opportunities for reform. - How would you assess the business environment in Mongolia from a taxation perspective? - The tax environment is like the air businesses breathe; it's a strategic mechanism that defines the direction of economic development. In Mongolia today, if a business operates profitably, it pays 10% tax. In addition, the social insurance premiums of 13% from employers and 11% from employees are added, bringing the total financial burden to 35%, which hinders the increase of employee salaries and incentives, as well as the expansion of business investment and operation. Currently, taxes are implemented mainly as a form of levy and are not fulfilling their role as a policy tool adequately. For example, the VAT is applied uniformly at a 10% level across all sectors, regardless of the specific risks, returns, price increases, and characteristics of the operation of each sector, turning it into a rigid system. We need a graduated VAT policy. Instead of raising the VAT threshold, it should be differentiated, with, for example, 1-3% for agriculture and food production, 3-5% for health and education, 5% for tourism, and 10% for imports, thereby diversifying the economy and supporting domestic production through policy. - Is there a way to regulate social insurance contributions without alleviating the tax burden in an intelligent manner? - It is entirely possible. Instead of directly reducing tax and social insurance contribution rates, they should be reformed based on incentives, reporting, and investment. For instance, a fair system could be established by setting tiered contribution rates, where lower rates are applied to lower salaries and higher rates to higher salaries. Also, introducing an insurance point system where those who pay more contributions receive more benefits and services could lead to an incentive-based sustainable system. The current ceiling on social insurance contributions needs to be updated in line with inflation and the actual conditions of the labor market. This way, the performance and valuation of highly skilled and productive employees will truly affect their salaries without employers carrying additional tax burdens, allowing for flexible wage setting. Furthermore, in the case of employee illness, the financial source for paid leave in the initial days should come from the social insurance fund, not the employer, aligning with the true principles of the insurance system. Additionally, rather than having the employer mediating social insurance contributions for individuals working under service contracts, it should be based on the individual's responsibility and choice, which would increase the participation of small businesses and self-employed workers and establish a flexible, competitive labor market structure. In terms of taxation, creating a system where businesses that report accurately and on time receive refunds based on compliance scores and granting tax credits by deducting investment costs from the tax base would be appropriate. This would promote transparency and broaden the tax base. IMPLEMENTING A STABLE TAX POLICY WILL GREATLY INCREASE INVESTMENT - How are countries around the world directing their economies with tax policies based on international experience? - Developed countries see taxes not just as a tool for collecting money but as a strategic policy lever to drive economic growth. For instance, in Singapore, start-ups are not taxed for the first three years, and expenses for R&D are accounted for up to 200%. Estonia does not tax profits that are reinvested domestically. Ireland's stable 12.5% tax policy has retained tech giants like "Apple" and "Google" for 25 years. In the US and Canada, bankruptcy is seen as an experience and risk management instead of an economic failure, with special legal frameworks providing individuals and companies a second chance. For example, in the US, individuals can declare bankruptcy to be released from debts within a set time, providing a favorable ground for renewal and re-establishment. Such international successful experiences show that a stable, intelligent tax environment plays a crucial role in balanced economic and social development. The key is that these countries align taxes with long-term economic goals and encourage productivity, transparency, investment, export, and technology. - Is it possible to practically implement this experience in Mongolia? - Yes. Mongolia's economy is small, so it can quickly respond to external and internal influences. While there are problems, there are opportunities as well. Currently, debt pressure is high, there is dominance of raw materials export, policy flexibility is weak, and institutional trust is low. However, if we boldly implement the right tax reform and intelligent incentive systems, Mongolia has the full potential to transition to a stable, diverse, high-productivity economy. Clearly defining a new category in the Company Law (such as LLCs, JSCs, micro-businesses, start-ups, self-employed, etc.) and linking it to a tax-incentive policy can lead to significant progress, creating a clear projection in the investment environment. - What is most important to signal to foreign investors? - Clarity, stability, and transparency are crucial. The primary questions investors always ask are, "Can I safely repatriate my profits?", "Is the tax and legal environment stable?", and "Is the principle of competition fair?" If Mongolia, like Ireland, can implement a stable tax policy with guaranteed legal rights to protect investments and transparent reporting, the amount of investment heading towards Mongolia will significantly increase. However, this should not simply be seen as a beautiful picture but requires strengthening the real institutional system. The legal provisions serving as the legal basis for investments (including Company and Investment laws) should be updated to meet international standards, and mechanisms should be established to protect investor property against arbitrary seizure by the state, secure resolutions from an independent arbitration body, provide investment risk insurance, and ensure reliable channels for fund transfers. Additionally, it is time to consider the concept of institutional trust at a new level. An unstable, frequently changing legal, regulatory, and tax environment increases the cost of investment and presents Mongolia as a high-risk market. To rectify this, it is necessary to ensure not only reliance on laws but also the accountability of state institutions, transparency of decisions, and long-term guarantees through policy. Globally, providing governmental guarantees for certain strategic projects is widely recognized as a means to boost investor confidence. For example, Kazakhstan has entered government-backed agreements with foreign investors in the mining sector, while Indonesia has created an "Infrastructure guarantee fund" to share project revenue risks between the government and the private sector. Meanwhile, countries like Vietnam and Malaysia in Southeast Asia attract foreign investments with revenue assurance, incentives through special funds, and legal protections. In Mongolia, if a similar state-private sector guarantee mechanism is established along with incentives and a stable legal environment offered for infrastructure, processing industry, tourism, and green energy projects, it is fully possible to attract significant investments. - How can tax policies be used to incentivize strategic sectors? - Mongolia's future should be based on sectors with stable growth and high productivity, beyond mining, including technology, light manufacturing, agriculture, tourism, and computer components. Tax incentives should serve as a key to accelerating growth, not just concessions. Deducting R&D and innovation expenses, offering tax reductions to intellectual property holders, implementing flexible reporting for sectors with seasonal income fluctuations, and exempting start-up companies from taxes during the initial years are all targeted, smart levers into a new economic structure. THE GOVERNMENT REQUIRES PROPER REGULATION, TRUST, AND CERTAINTY - Is tax support necessary for large-scale infrastructure and concession projects? - Yes. Tax support is a strategic step in laying the foundation for economic growth in large-scale infrastructure and concession projects. For example, granting a tax credit of 5-10 billion MNT or imposing graduated taxes in the first years for a company starting a 100 billion MNT project could reduce risks and promote more active participation of the private sector. This is a crucial mechanism that, in addition to easing the burden on the state budget, makes the private sector a long-term strategic partner in the country's infrastructure development. - What are the tax solutions supporting export outside of mining? - The key lever for expanding export is to support value-added manufacturing through intelligent tax policies. For products manufactured in Mongolia and exported abroad, a 50% reduction in individual income tax, and full, prompt VAT refunds should be granted. Moreover, companies bringing export income into domestic banks should receive forex-based tax incentives for their positive impact on the foreign exchange reserves. This not only boosts exports but also diversifies the economic structure and reduces reliance on mining. - What is a long-term optimal policy for increasing foreign exchange reserves? - To increase foreign exchange reserves, countries globally implement strategies to refine gold and minerals domestically and record them as part of the central bank's reserves. For example, Kazakhstan and Uzbekistan have established private refineries domestically, purchasing gold for their central banks and recording them as part of their forex reserves, bolstering their defenses. In Mongolia, although 15-20 tons of gold are extracted annually, most are exported in raw form without fully reflecting on reserves. If we can refine our gold domestically to reach the “Good delivery” standard by the London Bullion Market Association (LBMA), record it in the Bank of Mongolia's vault system, and index it as a financial tool, our forex reserves will directly increase. To support this, a tiered tax reduction for processed gold and special arrangements concerning the royalty on mining exports are necessary. This is a national strategic solution to decrease Mongolia's dependency on foreign finance and establish a stable forex source. - What will be the result if these policy reforms are implemented? - If Mongolia can shift to a smart, incentive-based, transparent tax policy considering sectoral characteristics, the tax base will expand, budget revenues will increase, dependence on mining will decrease, the economy will diversify, transparency will improve, and investment and export income will rise—all of which are of exceptional significance. Moreover, employment and domestic production will genuinely increase, and forex reserves and currency stability will be ensured. To achieve such outcomes, bold policy reforms need to be undertaken. The private sector is ready for responsible growth. We simply want proper regulation, trust, and a clear environment from the government.

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"Businesses Cannot Bear the Full Burden"

Published: 2025-04-10 | Translated from: unuudur.mn

A discussion on the draft law to amend the General Law on Social Insurance was organized. Participants expressed their views, stating that the social insurance project does not benefit the economy and that pension amounts are small. During this time, Member of Parliament B. Tuvshin said, "We will not completely rewrite the law. We are focusing more on who should contribute to social insurance, how much, and how to spend that income effectively. The state, citizens, and businesses jointly form the Social Insurance Fund. Businesses or the private sector cannot bear the majority of the expenses alone. We will only change the three most important provisions of the Social Insurance Law. Specifically, it is aimed to stop taking contributions from wages earned outside of a contract with an organization. Employers should also be relieved from paying social insurance contributions on behalf of their employees. In addition, compensation and bonuses given to employees other than salary are proposed not to be subject to contributions. Everyone should have equal responsibilities. Some people claim that they have paid social insurance contributions all their life and should receive their own contributions. But that's incorrect. When society was restructured in 1990, there was no accumulation in the Social Insurance Fund. Therefore, the fund lacked finances and had to be financed by the state budget. The state passed the General Law on Social Insurance with the suspicion that businesses would avoid taxes. Inspectors also worked in this manner. Therefore, instead of suspecting this law, it was developed based on mutual trust. The draft does not alter the percentage of social insurance contributions." Meanwhile, Executive Director of the Society of Tax Advisors, G. Khishigzul, commented, "It is appropriate to ensure equality by reducing tax rates. We support the draft law proposed by MPs. However, some issues need to be addressed. For example, about 90 percent of our country's taxpayers are start-ups or small business owners. Thus, employers should be supported and exempted from taxes during the first two years."

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Uncertain Effects of Ongoing Trade Tariff Changes on Mongolia

Published: 2025-04-10 | Translated from: ikon.mn

The Asian Development Bank (ADB) presented its projections for the economic conditions of Mongolia in 2025 and 2026. Specifically, it was projected that economic growth would be 6.6% in 2025 and 5.9% in 2026. It is expected that the service sector and the mining sector, particularly underground mining production at Oyu Tolgoi, will have an important impact, said ADB's senior economist Z. Munkh-Orgil. However, it was highlighted that these projections are based on the data from the first three months of the year and do not include the changes in trade tariffs by major powers. Regarding potential risks, "There is a risk that the prices of Mongolia's main export products, copper and coal, could fall sharply. China's real estate market remains in decline. As demand for steel is decreasing on the Chinese market, there is a risk that the price and export revenue of Mongolia's iron ore and coking coal could be negatively affected. Due to climatic influences, livestock numbers may not increase to the projected level, slowing the recovery of the agricultural sector. While average annual inflation is estimated to be 9.1% in 2025, if it turns out to be higher, this could lead to tighter monetary policy. If the implementation of major projects planned in infrastructure development and private investment in mining and mineral resources is delayed, it could negatively affect economic growth," it was noted. He also mentioned that it is difficult to predict how Mongolia will be affected, as the effects of major power tariff changes are yet unresolved and continuously being announced. Specifically, "The direct impact is minimal. In 2023, exports to the US comprised 0.24% of our total exports. Thus, the impact of tariff increases on such a small portion of exports is seen as minimal. The noteworthy impact is related to the indirect effects of China's economic growth and changes in trade tariffs with the US. Prior to the announcement of US tariff changes, ADB had projected China's growth at 4.7% for 2025 and 4.3% for 2026. However, the tariff conflict could potentially reduce China's baseline growth in 2025-2026 by 0.4 and 0.9 percentage points," he said. Warning: Media entities (Television, Radio, Social and Web pages) are prohibited from using our information in any form, in whole or in part, and must only use it by explicitly agreeing and citing the source (ikon.mn).

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The Bank of Mongolia: Exchange rate expected to stabilize

Published: 2025-04-10 | Translated from: ikon.mn

In recent days, the Mongolian togrog has depreciated sharply against the US dollar. To clarify the reasons, the Bank of Mongolia provided the following explanation. In their statement: "The balance of payments surplus or deficit of Mongolia is influenced by many economic factors such as the price of raw materials in the international market, the conditions of the global financial markets, and the structural characteristics of Mongolia's economy. The performance of the balance of payments surplus or deficit is reflected in the exchange rate of the togrog against foreign currencies and the official foreign exchange reserves. The balance of payments is preliminarily estimated to have a deficit of USD 616.3 million for the first three months of 2025. Although March statistics are yet to be released, based on the trend of the first two months, this deficit is mainly explained by the current account deficit. The decline in coal export revenue is primarily affecting the balance of payments deficit. The physical volume of coal exports reached 15.8 million tons in the first three months of 2025, a decrease of 1.9 million tons compared to the same period last year. Additionally, due to the decrease in coal prices in the global market, coal export revenue decreased by USD 934 million compared to the same period last year. The resulting drop in coal export revenue for the first three months of 2025 compared to the previous year was USD 715 million due to price effects and USD 220 million due to volume effects (Customs General Administration). Price effect impacts in millions of USD: January (185), February (259), March (271), total (715); accounting for 76%. Volume effect impacts in millions of USD: January (169), February (135), March (186), total (220); accounting for 24%. In total impact in millions of USD: January (354), February (123), March (457), total (934); accounting for 100%. As a result of these factors, demand for foreign currency has increased. Specifically, in the fourth quarter of 2024, banks were offering an average of USD 165.0 million weekly in the foreign currency auctions, but this amount increased to USD 192.0 million in the first quarter of 2025, up by USD 27 million. Additionally, compared to the first quarter of the previous year, this is an increase of USD 88 million. Consequently, the Bank of Mongolia organized foreign currency auctions twice a week on a regular basis in the first quarter of 2025 to reduce short-term demand-supply mismatches and the resulting sharp exchange rate fluctuations, and to ensure smooth payments for strategic goods and services. The fulfillment rate of the bids submitted to the foreign currency auctions reflects the level of participation of the Bank of Mongolia in the currency market, and this ratio was at 80% in the first quarter of 2025. However, due to short-term mismatches in seasonal currency flows, the exchange rate of the togrog against the US dollar depreciated by 2.5% since the beginning of 2025. On the other hand, the government of Mongolia and the Bank of Mongolia are consistently collaborating on increasing the country's foreign exchange reserves, and the reserves are maintained at USD 5 billion (which covers 5.9 months of goods imports with foreign currency payments, which is 2.9 months above the international standard minimum level). According to the Bank of Mongolia's forecast, due to increased activity in the mining sector following seasonal patterns, as well as an increase in foreign currency inflows from wool, cashmere, and tourism services, and the absence of any significant foreign debt payments expected for Mongolia until April 2026, the balance of payments deficit is expected to decrease in the future. Conclusion: The pressure on the togrog to devalue due to the balance of payments was relatively high in the first quarter of 2025. As this pressure is expected to decrease, the Bank of Mongolia is actively participating in the market as needed to reduce sharp fluctuations caused by demand-supply mismatches. It is expected that due to the decrease in the balance of payments deficit, the depreciation pressure on the togrog will lessen, alongside factors such as the weakening of the US dollar in international markets and increased relative yields of the togrog.

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Mongolian Stock Exchange launches 'Let's Invest in the Stock Market with Dividends from 1072 Shares' Campaign

Published: 2025-04-10 | Translated from: ikon.mn

The Government of Mongolia has implemented policies to distribute the benefits of Mongolia's strategic resources fairly among its citizens. The Government of Mongolia approved the decision made by the Board of Directors of "Erdenes Tavantolgoi" JSC to distribute dividends from 1072 shares, by allocating a dividend of 266 MNT per share, totaling 285,000 MNT from the company's net profit for 2024, to shareholders. The first portion of the dividend will be distributed in February 2025, and the remainder in April. In conjunction with this decision, the "Mongolian Stock Exchange" JSC, in collaboration with regulatory agencies, professional associations, and its 52 member securities companies, is launching the "Let's Invest in the Stock Market with Dividends from 1072 Shares" campaign. The campaign aims to raise awareness among the public about the proper management and organization of the cash flow entering the stock market, promote investments, increase investment returns, and boost the activity of market participants. Within the framework of the campaign, the "Mongolian Stock Exchange" JSC will use its website and social media channels to disseminate information. This information will cover the importance and benefits of investing dividends from 1072 shares, investment opportunities, types of securities, risks and returns, and guidance on investment considerations. You can join and receive updates from the "Mongolian Stock Exchange" JSC at the following addresses: mse.mn/mn www.facebook.com/mongolianstockexchange www.instagram.com/mongolianstockexchange x.com/StockExchangeMN Source: Mongolian Stock Exchange Note: Media outlets (television, radio, social and web pages) are forbidden to use our information in any form, either wholly or partially, without agreement. Permission must be given, and the source (ikon.mn) must be cited if used.

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Published: 2025-04-10 | Translated from: news.mn

In Mongolia, numerous real-life examples demonstrate the urgent need to expand the middle class. In particular, it has become essential to reform the tax policy and eliminate systemic deviations. Currently, regardless of high or low income, people in Mongolia pay the same percentage of taxes and social insurance contributions (NDSH). Few would argue against the point that many startups, private entrepreneurs, and households trying to get by on a monthly salary have reached bankruptcy due to this. So, how should the current system be reformed? Is there a way to protect the income of low and middle-income individuals while reducing subsidies? Taxes and social insurance contributions create the greatest economic burden for people. The value added tax (VAT) also requires regulation. Especially important is an income-based grading system. In this regard, the Speaker of the State Great Khural commissioned a working group to revise the Tax Package Law as part of comprehensive tax reforms. The head of this working group, Member of Parliament Kh. Gankhuyag, provided some information on the changes in this bill. It should be noted that the changes included in the tax reform proposal are initial suggestions and have not yet been formalized; they are currently in the research phase, as proposed by the working group. A proposal was made to reduce or add 2 percent tax based on income and to apply a graduated personal income tax (PPT). Feedback was collected from over 170,000 citizens and approximately 11,000 business entities regarding tax reform. Over 80 percent of respondents suggested that taxes should be paid universally or not at all, indicating the need for an equitable, systematic environment. It is impossible to reduce or eliminate taxes and social insurance contributions completely, but it is crucial to set them at graduated and appropriate levels to expand the middle class, according to the working group. The group suggested that the personal income tax (PIT) should be zero percent for the first 10 million, with a 2 percent increase beyond that threshold. Also, any state-owned companies, schools, or kindergartens must base all financial transactions on the E-barimt system, making income and expenses officially transparent. Previously, state expenditure money was not subject to VAT, but this change is partially positive. However, how will this impact merchants and herders who do not provide VAT receipts for their goods? Today, many traders in markets and herders sell their products with VAT-inclusive prices without providing E-barimt. The proposal also suggests changing this in the context of tax reform to ensure VAT receipts and E-barimts are issued universally. This includes offering VAT concessions to protect household incomes and support employment. For example, it has been decided to increase the VAT refund concessions for all citizens based on their purchases. Concessions include 100 percent for 0-500 thousand MNT, 50 percent for 500-800 thousand MNT, and 20 percent for over 800 thousand MNT, thus increasing real income and improving purchasing power. Regarding support for personal income tax: All citizens' income taxes will be reduced and refunded. A 100 percent concession will be provided for income up to 800 thousand MNT, with the concession amounting to 80 thousand MNT monthly or 960 thousand MNT annually. The tax threshold will double. Monthly income up to 10 million will have a 10 percent tax threshold, 10-15 million MNT will have a 12 percent threshold, 15-20 million MNT will have a 15 percent threshold, and a 16 percent threshold for 20-25 million MNT. The tax reporting process for citizens will be simplified and must be submitted. The working group established to revise the tax package law, led by Member of Parliament Kh. Gankhuyag, talks about offering deductions based on income for businesses and only paying VAT after funds have been received. Businesses will pay VAT two months after the goods have cleared customs, enabling them to make VAT deductions when investing. The practice of freezing the accounts of companies with tax issues, preventing access to materials, creates difficulties. Thus, the new changes stipulate agreements between the Ministry of Finance, the Tax Authority, and businesses, and allocate 15-20 percent of the incoming funds to settle the tax debt. The income threshold of 1.5 billion MNT with a one percent tax, which led businesses to divide their companies to manage taxes, has been raised to 2.5 billion MNT. In Mongolia, there are about 90,000 businesses with an income of over 1.5 billion MNT, 54,000 of which are owned by 1,200 people. Therefore, the working group included in its proposal to reduce the tax burdens based on income levels to facilitate business operations. Additionally, a proposal was submitted to the Ministry of Labor and Social Protection and the General Authority of Social Insurance to reduce the social insurance contribution rates paid by organizations, with tangible support measures outlined. By implementing these tax reforms comprehensively, medium-term economic performance will improve, primarily increasing the middle class in Mongolia as targeted by the working group. However, there is no proposal to reduce VAT on luxury items because Mongolians import $1 billion worth of cars annually and spend $500 million on alcohol and tobacco. It is not possible to include special tax concessions for these luxury items.

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Payment of Dividends for 1072 Shares of "Erdenes Tavan Tolgoi" JSC Started Today

Published: 2025-04-10 | Translated from: isee.mn

The remaining dividend of 93,499 MNT for 1,072 shares of "Erdenes Tavan Tolgoi" JSC has started being distributed to citizens' accounts today. Additionally, the survey regarding how to receive the remaining dividend from the shares has ended. Specifically, citizens have been able to provide their preferences through the E-Mongolia application, choosing either to receive the share money in cash, accumulate it in the Development Fund, or save it in an Accumulation Account.

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Coal exports decrease by 9.7%, while copper concentrate rises

Published: 2025-04-10 | Translated from: unuudur.mn

Our country exported a total of 17.1 million tons of coal in the first four months of this year. This figure represents a 9.7% decrease compared to the same period last year. However, the total revenue from our exports has increased by 237 million USD from the previous week's figure, which is attributed to the rising price of copper concentrate. Specifically, copper concentrate increased by 26%, and iron ore by 4%. The head of the Finance and Budget Research Department of the Ministry of Finance, G. Zolboo, stated, "Mongolia's foreign exchange reserves have reached 5 billion USD and remain stable. In the future, export revenue can be increased by 442.5 million USD. To achieve this, we plan to implement several measures to intensify exports and increase foreign exchange reserves." The General Customs Administration also presented the statistics of export and import products in the first three months of this year. During this period, the total turnover of foreign trade was 5.5 billion USD, which is 8.4% less than the same period last year. Export figures exceeded imports by 465.1 million USD, resulting in a positive foreign trade balance. Meanwhile, a total of 2.5 billion USD worth of goods and raw materials were imported, which is an increase of 133.7 million USD compared to the figures of the first quarter of last year. Among the main imported food products and goods were 33.9 million eggs, 1.8 thousand tons of condensed and dry milk, 14.8 thousand tons of fruits and nuts, and 2.4 thousand tons of white rice.

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The Governing Board and Executive Management of the Development Bank Will No Longer Decide Which Projects to Fund

Published: 2025-04-10 | Translated from: ikon.mn

An initial discussion to gather feedback on the draft amendments to the Development Bank law took place today. The aim of these amendments is to improve governance, enhance independence, and expand the core activities of Mongolia's Development Bank. During this session, the CEO of the Development Bank, Z. Narantuya, presented the proposed changes in the law. Key changes in the law: While commercial banks operate for profit, the Development Bank focuses more on economic impact than monetary profit, leading to changes in the law concerning this direction. The Development Bank will use comprehensive financial products and instruments that align with the goals and objectives of each project. Projects will receive funding up to 85%, not 100%, to ensure the project's initiator remains responsible by contributing up to 15% themselves. The decision on financing will not be made by the Board of Directors. They will independently make decisions in line with the procedures and rules. In terms of governance, two independent members will be appointed from the Ministry of Economic Development and the Ministry of Finance. Other members will be selected through an open, competitive process. Current Regulation New Regulation Primary Objective Monetary profit Economic impact Activities Type Specified (For commercial banks) Development Institute – Exim Bank Products & Financing Amount Strict requirements for projects only Financial products aligning with project goals and outcomes, financing up to 85% Project Oversight Regular performance monitoring, oversight at each project stage Green Financing Undefined Defined / Up to 10% of the portfolio Board Role and Responsibilities Decision making on financing Strategy, policy, oversight Governance Implementation of shareholder rights, policy for appointing independent members, open selection for others Requirements for leadership, decision making Inadequate Professional Risky asset management Infeasible Operations meeting international standards The amendments emphasize creating regulatory mechanisms that prioritize the effectiveness, impact, and financial return of projects over economic profits, operating according to Exim Bank principles. Projects that lack economic efficacy and poor-quality loans refinanced from commercial banks have contributed to the bank’s financial difficulties. The law governing Mongolia's Development Bank was initially enacted in 2011 and revised in 2017. Currently, Article 5.1 states that the bank aims to finance projects and programs within priority sectors that ensure national economic stability, reduce imports, and enhance export income. However, it allowed the Board of Directors and executive management to arbitrarily decide which projects and programs fall under 'priority sectors.' This discretionary power led to financing mostly economically inefficient projects that did not align with the intended purposes. Consequently, the Development Bank has struggled to meet its obligations due to the quality of loans and the financial condition of the projects it funded. Article 10.1 specifies criteria for projects’ eligibility, yet it is overly rigid and broad, hindering the ability to adapt strategies and policies flexibly to project structures and market changes. Thus, it is crucial to legally enable the Development Bank to formulate and approve policies on investment, financing, risk, and internal control tailored to its strategy. By defining its financial services, it should finance projects promoting national economic growth, export support, and comprehensive trade finance services, enabling the bank to effectively manage export and import finance. As a policy bank, it should complement, not compete with domestic financial institutions by collaborating on financial gaps and segments they cannot adequately address, supporting sustainable economic growth. With specialized bank functions, the Development Bank needs governance distinct from commercial banks, clarifying oversight roles between Parliament, the government, Mongolia's central bank, and internal auditing bodies. In present circumstances, the Development Bank's governance structure challenges include overly broad participation of the Board in non-policy areas, which restricts the CEO's ability to build a responsible team. Aligning with the Company law and international corporate governance standards is critical to addressing these issues. The Board should focus on strategic direction, policy approvals, and developing risk and compliance systems, shifting responsibility back to the executive level.

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"Agin Egg" Factory's Expansion with Preferential Loan

Published: 2025-04-10 | Translated from: montsame.mn

"Agin Egg" factory expanded from 2,500 to 12,000 chickens and acquired two fully automated facilities with a preferential loan in two years. The President's Advisor on Industry and Services Policy, Ch. Davaabayar, visited "Agin Egg" factory in Bayankhongor soum, Bayankhongor aimag, as part of the national movement for "Food Supply and Safety" to familiarize with the egg production activities there. The factory currently has 12,000 laying hens and delivers 10,000-11,000 fresh eggs daily to residents of Bayankhongor soum and some soums in Uvurkhangai aimag. "Agin Egg" factory, under the national "Food Supply and Safety" movement, participated in a preferential loan program, increasing its chicken population from 2,500 to 12,000 within two years, and built two fully automated facilities with modern technology. E. Amgalanbaatar, the founder of "Agin Egg" factory, said: "Our factory has been operating steadily since 2010, with the capacity to meet 90% of the local egg demand. In 2023, we obtained a loan under the 'Food Supply and Safety' movement, solving all equipment issues at the factory and establishing two facilities. Continuing the 'Food Revolution' movement by supporting small and medium-sized food producers will provide us with great opportunities to consume healthy and safe food domestically."

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"Erdenes Tavantolgoi" JSC Begins Transferring Remaining Dividends to Citizens' Accounts

Published: 2025-04-10 | Translated from: ikon.mn

"Erdenes Tavantolgoi" JSC has started transferring the third batch of dividends from 2024 to citizens' accounts. This time, a citizen with 1,072 shares will receive 93,499 MNT, and a citizen with 750 shares will receive 65,415 MNT. In 2024, "Erdenes Tavantolgoi" JSC worked with a net profit of 4.5 trillion MNT, of which 3.9 trillion MNT has been allocated as dividends to citizens and businesses. The first batch of dividends was distributed during the government's 100-day plan, and the second batch was transferred to citizens' accounts before the Lunar New Year. Warning: Media outlets (Television, Radio, Social media, and Websites) are prohibited from using our information in any form, fully or partially. It must only be used with prior agreement and must mention the source (ikon.mn).

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The Central Bank Sets Requirements for Mortgage Loan Applicants

Published: 2025-04-10 | Translated from: news.mn

The Bank of Mongolia (or Mongolbank) is imposing the following requirements for citizens to qualify for a residential mortgage loan at an annual interest rate of six percent. The requirements include: - Being a citizen of Mongolia - Being at least 18 years old - Having no outstanding debt from non-performing loans - Having no outstanding balance for residential mortgage loans or rent-to-own mortgages - Having no debt or payments required by court order - Being insured for the duration of the loan term - Executing a collateral agreement - The primary borrower should not have previously participated in a residential mortgage loan or rent-to-own mortgage. The government plans to allocate 500 billion MNT this year to support mortgage loan funding. Approximately 500 billion MNT is expected annually from mortgage loan repayments, and commercial banks will provide an additional 200 billion MNT from their own sources. Therefore, the total mortgage financing for this year is projected to be 1.2 trillion MNT. The key aspect is that the government aims to direct this mortgage loan program towards targeted groups. Further detailed regulations regarding this will be announced by the 15th of this month.

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Launched a Campaign to Activate Participants in the Stock Market

Published: 2025-04-10 | Translated from: montsame.mn

Mongolian Stock Exchange JSC has launched a campaign to activate participants in the stock market. The "Let's Invest and Multiply in the Stock Market with Dividends from 1072 Shares" campaign aims to promote proper management of cash flow entering the stock market, educate the public on investing, and increase returns. Through 52 companies operating within the stock exchange, the public can trade government and other company shares or purchase various products that can bear personal risk, as reported by the Mongolian Stock Exchange JSC.

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Diplomacy

UN Special Rapporteur to 'Examine' How Mongolia Protects Personal Information

Published: 2025-04-10 | Translated from: unuudur.mn

Ana Brian Nougreres, the United Nations Special Rapporteur on the right to privacy, is visiting Mongolia. She is visiting at the invitation of the country's government and plans to meet with representatives of the leadership of Ulaanbaatar and nearby provinces, civic organizations, the UN country team in Mongolia, and other relevant parties. During her stay until the 14th of this month, she will observe and study issues related to the protection of personal data, including individuals' health information, cybersecurity, surveillance measures, implementation mechanisms, technology use, and the protection of privacy rights for specific groups. Her findings will be presented to the media at the end of her visit. Additionally, she plans to present her visit report to the UN Human Rights Council in Geneva next March. It is also worth noting that special rapporteurs work independently, without pay from the UN, and are not dependent on any government or organization.

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Chairperson J. Zoljargal Meets with UN Special Rapporteur Ana Brian Nougeries

Published: 2025-04-10 | Translated from: montsame.mn

Chairperson of the Standing Committee on Innovation and E-Policy of the State Great Hural (Parliament) J. Zoljargal met today with Ana Brian Nougeries, the United Nations Special Rapporteur on the right to privacy. Chairperson J. Zoljargal discussed the implementation of laws regarding the protection of personal information, cybersecurity, and electronic signatures, as well as oversight on social media networks, technical technology, internet accessibility, and the Starlink devices. Special Rapporteur Ana Brian Nougeries is conducting observations and studies on issues related to the protection of personal data in Mongolia, specifically health information, cybersecurity, monitoring and surveillance measures, implementation mechanisms, the use of emerging technologies, and the protection of personal data of specific groups. She also plans to support and evaluate the "Human Rights and Technology" study conducted by Mongolia’s National Human Rights Commission and organize a press conference to present her preliminary observations, as reported by the Press Office of the State Great Hural.

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Infrastructure

451 people donated their stock dividends to improve urban infrastructure and reduce air pollution

Published: 2025-04-10 | Translated from: isee.mn

"Erdenes Tavantolgoi" JSC has started distributing the remaining dividend of MNT 93,499 from 1,072 shares today. Out of the 257,814 people who participated in the survey on how to receive the remaining dividend money, 95% chose to receive it in cash, 10,677 people opted to transfer it to a savings fund, and 451 people donated it to improve the city's infrastructure and reduce air pollution.

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Clarification: All flights of 'Aero Mongolia' canceled due to lack of landing permission from China

Published: 2025-04-10 | Translated from: isee.mn

'Aero Mongolia' airline's flight to Hohhot was suddenly canceled, leaving ticketed passengers in a difficult situation. Specifically, passengers who had booked tickets for the Hohhot-Ulaanbaatar-Hohhot route with 'Aero Mongolia' found their flights unexpectedly canceled, and reports indicate that Mongolian citizens who had arrived in Hohhot are now facing difficult circumstances. When passengers sought further clarification, they were told, 'The flight is canceled. Would you like to return by land?' according to explanations provided. When we inquired with 'Aero Mongolia' about the situation, they explained, 'Flights on the Hohhot-Ulaanbaatar-Hohhot route have been canceled until the 11th of this month. The Chinese side is not granting landing permission for the aircraft. It is unclear when the flights will resume as normal. We are unable to provide more detailed information.'

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Road Connecting from TPP-3 to Yarmag Bridge and Workers' Street Closed at 06:00 Tomorrow

Published: 2025-04-10 | Translated from: ikon.mn

In the 3rd khoroo of Khan-Uul district, the road connecting from TPP-3 JSC to the west, Yarmag bridge, and Workers' street will be temporarily closed from 06:00 on April 11, 2025, until 06:00 on April 14, 2025. During this period, traffic will only be allowed to flow in one direction from south to north from the Yarmag bridge to Workers' street, which leads to the northwestern return circle of TPP-3 JSC. However, from north to south direction, traffic can turn back at the northwestern intersection of TPP-3 JSC and participate in main traffic via the northern and eastern roads of TPP-3 JSC as a temporary arrangement, as reminded by the relevant authorities. The reason for the road closure is to install pipelines that will treat and supply technical wastewater to TPP-3 and TPP-4, as part of the construction of a wastewater recycling plant next to the New Central Waste Treatment Plant. Therefore, transportation on this 500-meter stretch of road will be halted. Warning: Press and media organizations (TV, radio, social media, and web pages) are prohibited from using our information in any form, either completely or partially, unless agreed upon, in which case the source (ikon.mn) must be cited. Please take note!

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Locations of Power Outages on April 11

Published: 2025-04-10 | Translated from: ikon.mn

Tomorrow, there is a scheduled maintenance on the power transmission lines and networks affecting some neighborhoods in six districts of the capital and the central province. During the maintenance, the power supply will be restricted during the day to some households and businesses in the districts of Sukhbaatar, Chingeltei, Bayanzurkh, Khan-Uul, Nalaikh, Bagakhangai, and parts of Zuunmod and Erdene sum in the Tuv province. Locations where power outages will occur: For a detailed schedule of power outages this month, click HERE. Source: "UBEDN" LLC Warning: Media organizations (Television, Radio, Social, and Web pages) are prohibited from using our information, in whole or in part, in any form without consent, and must mention the source (ikon.mn) if agreed upon for use.

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A Group Established in Parliament to Reduce Traffic Accidents

Published: 2025-04-10 | Translated from: news.mn

A group consisting of 38 members has been established in the parliament to work on creating a system to prevent children from being involved in traffic accidents and to ensure their safety. This initiative was started by Member of Parliament J. Chingburen. Representatives from the group provided information today. Between 2018 and 2023, 118,908 traffic accidents were registered in Mongolia, resulting in 6,468 injuries of varying severity and 1,298 deaths, including 260 children. As of 2024, out of 30,977 registered traffic accidents, 2,520 people were injured, and 631 people died, 69 of whom were children. Two days ago, a 12-year-old child was severely injured in a traffic accident while crossing the road near the Bayanzurkh Tollstation and is currently being treated at the National Trauma and Orthopedic Research Center. The main causes of accidents are often found at crossings without traffic lights. Drivers frequently fail to observe signs, do not yield, and pedestrians also do not cross at designated areas, all of which contribute to traffic accidents. Furthermore, the lack of placing young children in appropriate car seats and drivers not adhering to traffic regulations are primary causes of accidents. Member of Parliament S. Erdenebold stated: "Recently, there have been many cases where young children are victims of traffic accidents. Complaints and information are continuously being sent to the Human Rights Subcommittee. We conducted a comprehensive study on February 7, 2025, regarding children and individuals being injured at pedestrian crossings. On February 14, a discussion was held with the Traffic Police Office on which areas are most prone to accidents. We are working with relevant organizations to gather research and information. As of now, Ulaanbaatar city has 176 intersections and 1,007 pedestrian crossings, of which 160 have traffic lights, but 847 do not. In 2023, 292 pedestrians were involved in traffic accidents, but in 2024, the number increased sharply to 535. In 2023, at pedestrian crossings with traffic lights, 16 pedestrians were injured, while at unregulated crossings, 276 pedestrians were injured. Therefore, we aim to improve legal frameworks, allocate budgets to critical places, and work towards reducing accidents by installing traffic lights and speed reducers at crossings," he said. Member of Parliament H. Baasanjargal added: "In 2024, 91 pedestrians were involved in traffic accidents, 39 of whom were elderly individuals. There are many cases where elderly people lose their lives in traffic accidents. Most traffic accidents occur in May, June, September, and October, or during warmer months and when schools start. Additionally, accidents are most frequent between 17:00 and 19:00 due to increased movement with children and older adults as temperatures rise. The Road Transport Authority has reported the locations with the highest pedestrian casualties. Three locations require special attention and the implementation of measures. Traffic accidents at pedestrian crossings, especially at unregulated and unlit crossings, are frequent. Research shows that drivers violate signs and do not yield the way, and pedestrians do not use marked crossings, contributing to accidents. Therefore, efforts are being made to repair 41 locations, create regulated traffic lights, and allocate necessary budgets to priority areas," he said.

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Light Rail Transport Project to be Implemented on the Tolgoit-Khunnu City Route

Published: 2025-04-10 | Translated from: unuudur.mn

As part of the development of 24 mega projects in Ulaanbaatar city, a light rail transport (LRT) project will be constructed on the route from Tolgoit to Khunnu City. The light rail transport will extend for 102 km. It will include a bridge structure 17.3 km long and have 16 stations. Trains will be able to travel at speeds of 70-100 km/h. The light rail transport (LRT) project is distinctive for being implemented through a public-private partnership. With the adoption of the Law on Public-Private Partnerships in Mongolia in 2022, a favorable legal environment was established to support the participation and investment of public-private partnerships, enable effective long-term collaboration, and create sound financial and budgetary management.

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Meeting of Carriers and Railway Clients Held

Published: 2025-04-10 | Translated from: ikon.mn

The interdependent, stable, effective cooperation between carrier and railway client organizations ensures uninterrupted reliability of railway transportation, increases transportation efficiency, and contributes significantly to the development of the nation. In order to discuss and agree on the challenges faced by carrier and railway client organizations, and to enhance the benefits of their collaboration, the "Cooperation-2025" meeting was organized. This meeting has been annually organized by the "Ulaanbaatar Railway" JSC. The meeting is of great importance since the profits of both state and private enterprises, as well as the economy of the country, are closely linked with railway transportation operations. This time, representatives from the Ministry of Transportation, Ministry of Industry and Mineral Resources, Customs General Administration, Mineral Resources and Petroleum Authority, and client enterprises of UBTZ participated in the meeting. As the profitability of businesses that are client organizations of UBTZ increases and the economy of Mongolia grows, the demand for railway transportation increases daily. This year alone, 50 million tons of transportation orders have been received by UBTZ. Last year, 4,627 organizations and enterprises, and 2,474 individuals used the services of UBTZ, transporting 33.4 million tons of cargo, indicating that operations have reached their capacity ceiling. Even so, UBTZ is taking every possible measure to increase its freight transport, throughput, and processing capacity while railway workers operate 24 hours a day to ensure uninterrupted and reliable transportation. During the meeting, exporting, importing, and freight forwarding organizations held discussions in their respective fields, addressed the challenges and obstacles they face, and reached agreements. Source: “Ulaanbaatar Railway” JSC Warning: Media organizations (Television, Radio, Social and Web pages) are prohibited from using our information in any form, in full or in part, except with permission, and must cite the source (ikon.mn) when using it.

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Society

Discussion on 18 Best Presentations

Published: 2025-04-10 | Translated from: unuudur.mn

The National Institute of Educational Research has started the annual national scientific conference "Best Presentation of the Year" for teachers and administrative staff of kindergartens, general education schools, and vocational training institutions. The goal is to support the research and analysis capabilities of teachers and administrative staff, improve the research-based educational activities, and create conditions for sharing experiences at the organizational, district, local, and national levels. The conference has been organized continuously since 1967 as "Pedagogical Readings" and, since 2009, as a national scientific conference. For 56 years, it has been conducted in a unified format for the teachers and administrative staff of preschools, general education schools, and vocational training institutions. Starting from 2024, the conference will expand with two sectoral sessions for Preschool and General Education, and Vocational Training, linked to the ongoing tests and revisions of preschool and general education curricula aimed at improving them and ensuring the participation of educational institutions and teachers. This year's scientific conference is announced under the theme "TEACHING AND LEARNING BASED ON INTEGRATION," aimed at discussing the leading national results developed from the integration theory and methodology of research-based teaching and learning. The scientific conference features 42 selected presentations from each province and 18 from the capital city, focusing on Preschool and General Education, and Vocational Training. It is being held in-person nationwide on April 10-11.

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Human Rights Protective Lawyer and Journalist Working Conditions Reported

Published: 2025-04-10 | Translated from: montsame.mn

The National Human Rights Commission of Mongolia (NHRCM) reported on the current conditions of human rights protective lawyers and journalists. Based on this, they discussed how to align laws with international standards and highlighted issues that need further attention. "Mongolia first enacted the Law on Advocacy in 1994 and revised it in 2002. However, this was regulated by the Legal Status of Lawyers Law adopted in 2012, rendering the Law on Advocacy obsolete. The Law on Advocacy was re-enacted by the parliament in 2019 and is currently in effect. NHRCM Member S. Dondov stated, 'Although the Law on Advocacy specifically ensures the rights and professional activities of lawyers, there is no provision in the Violations Law for holding violators accountable. According to Article 15.29, there is a provision for holding lawyers accountable under "violation of the Law on Advocacy," which allows the police to investigate lawyers in violation cases. This may contravene the UN's "Basic Principles on the Role of Lawyers," which could undermine the independence of lawyers. There are continuing instances of negating or limiting the participation of lawyers in resolving legal disputes, which violates the obligations of state bodies, officials, and legal entities to respect and not infringe upon the rights of human rights defenders.' As of this year, the Mongolian Bar Association has registered 3,097 lawyers, out of which 2,238 are actively practicing. Among all lawyers, 49% are women and 51% are men. Last year, NHRCM and the "National Center for Comprehensive Development" NGO conducted a study on "The Current Situation of Lawyers and Journalists as Human Rights Defenders." They collected surveys from 426 lawyers and involved 27 lawyers in 7 individual and group interviews. During a press conference, Head of the Human Rights Protection Department Z. Önörjargal informed about journalists' rights, stating, 'Internationally, every journalist operating legally is considered a human rights defender regardless of their status or type. International organizations warn that the state of press freedom in our country is insufficient. For example, according to the "World Press Freedom Index" of the international organization "Reporters Without Borders," Mongolia's press freedom was deemed "problematic" with a score of under 70 in 2023, dropping to a score of 51.34 "poor" in 2024, ranking 109th out of 180 countries. This is a decline of 21 places from 2023 statistics, indicating that Mongolia is among the countries where press freedom is shrinking.' Within the "Current Situation of Lawyers and Journalists as Human Rights Defenders" study, surveys from 424 journalists were collected, and 5 individual and group interviews involving 10 journalists were conducted. It was revealed that many face political dependence, are investigated by law enforcement, and face restrictions on the right to seek, obtain, and disseminate information, with issues including psychological pressure and financial dependence. Some 35% of journalists surveyed reported pressure from government organizations and officials, while 13.4% have been investigated for violations related to their work. Among them, 14.1% were investigated for violations in the capital, and 8.3% in regional areas for practicing journalism. Hence, the 24th report on the state of human rights and freedoms in Mongolia was submitted to parliament, including these issues along with relevant proposals. NHRCM expressed hope that the parliament session will discuss the report and adopt a resolution to take action. The number of stable media outlets in Mongolia has been decreasing every year since 2020. Last year, 4,378 people were employed in 434 media organizations. Of them, 28% were under 30 years old, and 38% were between 30 and 40 years old. Every second person working in this sector is a creative media worker, such as a journalist, editor, or commentator, half of whom are professionally qualified journalists.

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G.Luvsanjamts: 'Happy Ulaanbaatar' Did Not Focus on Improving Citizens' Lives

Published: 2025-04-10 | Translated from: unuudur.mn

Member of the State Great Khural, G.Luvsanjamts, organized a meeting and discussion titled “City Planning, Solution Based on Results” at the Press Institute. He stated, "The implementation of the 'Happy Ulaanbaatar' program resulted in a 92% success not because the effects and improvements on citizens' lives were the focus, but because the actions were viewed as the ultimate goal. In other words, it was not the aim. However, in developing the '20-Minute City' concept document, we are aiming to introduce international rating methodologies to evaluate livable cities. This will enable Ulaanbaatar’s livability to be ranked and compared like the corruption index. We aim to create planning and budgeting based more on results, which will improve the living environment." He emphasized that the solution to the air pollution problem is through policies promoting savings, such as insulation for houses and buildings. He also mentioned that increasing road tolls and car import duties is a justified state policy. As dependence on automobiles increases, foreign currency reserves decrease, traffic congestion worsens, and economic efficiency declines, making it important to focus on public transportation and pedestrian and bicycle pathways. In response to a question from a journalist about improving public transport, he stated, "Since Peace Avenue has the highest number of passengers, building a metro there is appropriate. A tram is planned to run from Yarmag to the Selbe sub-center. The key is to organize the public transport network so it matches the travel intensity. Funding for the cable car system has been secured."

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Consultative Meeting to Review Implementation and Results in Local Areas Begins in the Khangai Region

Published: 2025-04-10 | Translated from: montsame.mn

"Consultative Meetings" to review the implementation and results of the national movement for "Food Supply and Safety" in local regions will be held in the Khangai region, which includes Bayankhongor, Arkhangai, and Uvurkhangai provinces. Additionally, the operations of local food and agricultural sector industries and enterprises will be reviewed, and a scientific council adjacent to the "Food Revolution" and a sector council of professional associations are planned to be established. During this process: - The outcomes achieved in the food and agricultural sector in rural areas will be discussed. - The outcomes achieved in the food sector by small and medium-sized industries in 21 provinces will be reviewed. - The impact of loans and guarantees provided under the national movement "Food Supply and Safety" in local regions will be examined. The national movement "Food Supply and Safety," initiated by the President of Mongolia, began implementation through Parliament Resolution 36 in 2022 and Government Resolution 63 in 2023, which approved the provision of low-interest, long-term loans. Furthermore, 25 government decisions are being implemented, including customs and tax incentives for food sector goods and rewards for domestically grown vegetables, wheat, and milk. In the future, the participation of researchers and professional associations needs to be increased and the scope of activities expanded to accelerate the implementation of these measures at the provincial, city, and local levels.

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N.Altantsetseg: Socializing Children with Autism through Music

Published: 2025-04-10 | Translated from: unuudur.mn

The "Teaching and Learning Based on Integration" academic conference was held today. This conference has been organized for 56 years as a unified event among kindergarten, general secondary, and vocational school teachers and administrators. Starting in 2024, it will be expanded to include two separate sessions for preschool education and general secondary and vocational school curricula. The current conference was announced with the theme "TEACHING AND LEARNING BASED ON INTEGRATION" to involve educational institutions and teachers in refining the curricula, in light of the ongoing work on renewing preschool and general education curricula and related trials to establish standards. S. Uranchimeg, a teacher from the 22nd kindergarten in Darkhan-Uul Province, participated in the conference with the theme "Supporting Child Development through Story-Based Integration." Their kindergarten has been implementing this story-based methodological program since last spring. By implementing the "Big Book" program, they have been developing children's abilities in language, cognition, and imagination. This book-based method provides children with many concepts at once. When the program is implemented for children aged 2 to 6, they become more confident in conversing with others, better understanding what others are saying, and more communicative. N. Altantsetseg, the director of the eighth kindergarten in Dornod Province, participated in the conference with the theme "Increasing the developmental progress of children with special needs based on music integration." Their kindergarten has been continuously organizing inclusive educational activities for children with special needs since 2000. Children with special needs have a great necessity for socialization and development. Specifically, they have focused on understanding and developing children with autism through music. Their kindergarten accommodates a total of 27 children with disabilities, 17 of whom have autism. Through voice, gaze, and body movement, these children interact more frequently. Today's presentation was prepared to convey how music can be used to support such children. Each child with special needs has unique characteristics, and they are taught using musical rhythms tailored to their individuality. There is no fixed methodology; teachers select the appropriate methodology for a child based on numerous repetitions and observations. For instance, by playing suitable musical instruments, children can socialized, learn to differentiate colors, and interact with teachers and other children, which offers numerous advantages. D. Altanhuyag, an information technology teacher at a general secondary school in Sainshand district, Dornogovi Province, stated that he participated in today's conference by researching the integration and overlapping content of mathematics and information technology education. Information technology has a mathematical basis, and the two cannot help but be interconnected. Looking at the content of these two subjects at the middle school level, he has identified ways to interleave ninth-grade mathematics content into the eighth-grade information technology lessons without causing any conflict with the curriculum, based on his school's experience. This overlapping content reinforces learning as students can consolidate what they have studied in one subject with another. It is most important to help students understand that a topic is viewed from multiple perspectives.

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Environment

Implementing policies to reduce greenhouse gas emissions and adapt to climate change

Published: 2025-04-10 | Translated from: montsame.mn

Discussions were held on how to collaborate on incorporating the objectives of reducing greenhouse gas emissions and adapting to climate change into the social protection sector policies, including social insurance, employment policies, and social welfare programs. This includes updating the nationally determined contributions (NDCs) and reflecting them in policy documents. In 2016, Mongolia ratified the Paris Agreement under the UNFCCC, which came into effect in 2020. Member countries are committed to defining and implementing their national targets for reducing greenhouse gas emissions. Consequently, UN member states are required to review their contributions to climate change mitigation every five years, enhance their targets, and report on their progress. Within this framework, our country is implementing policies to reduce greenhouse gas emissions and adapt to climate change. Regarding the social protection sector, efforts are being made to implement adaptation objectives related to climate change by incorporating goals related to citizens' livelihoods and social protection.

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Warning: Fires Have Claimed Lives This Year

Published: 2025-04-10 | Translated from: isee.mn

The Emergency Management Department has reported that four adults and three children have lost their lives due to fires since the beginning of this year. The department noted an increase in fire warnings related to dry grass fires due to current conditions. Deputy Colonel D. Khadbaatar, head of the Disaster Prevention Department at the National Emergency Management Agency (NEMA), stated that there is a trend of increasing facility fires in the capital. Since the start of the year, there have been 767 fire alarm reports, and 88.8 billion MNT worth of property owned by private households and businesses has been protected. Unfortunately, fires have resulted in the deaths of four adult individuals and three children, totaling seven fatalities. Upon investigation into the causes of these fires, it was found that 45% were due to open flames, 29% were due to incorrect electric utility installations and violations, and 17.6% were due to chimney leaks. Reviewing fire alarm reports, residential or single-family homes accounted for 244 cases, or 31.8%, Mongolian gers (traditional tents) for 44 cases or 5.7%, apartment buildings for 47 cases or 6.1% of all fires, and vehicles contributed to 5.9%. Within the last 72 hours, there have been 55 fire incidents reported within the capital. Of these, 25 were dry grass fires. The authorities are ramping up patrols and issuing warnings to residents due to the start of the dry season. Under the direction of the Mayor of the Capital City, the emergency services, city police department, environmental agency, and traffic police department have joined forces, deploying mobile patrols with 5 vehicles and 28 officers across 31 routes in five districts.

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Fire near E-Mart in Bayanzurkh District

Published: 2025-04-10 | Translated from: isee.mn

A fire broke out in the vicinity of E-Mart in Bayanzurkh District, and the fire department from Chingeltei District is currently working to extinguish it. Reports have been registered regarding a fire alarm near the E-Mart area in the territory of Bayanzurkh District. Clarifying the aforementioned report, "At present, the Chingeltei District's 10th fire-fighting and rescue team is on the scene. The field's dry grass has caught fire. There are no cases of human casualties or injuries," it was stated. Therefore, the public is alerted not to burn dry grass or garbage in the surrounding areas.

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Innovation

Cooperation to Strengthen Project Management Teams and Leaders

Published: 2025-04-10 | Translated from: montsame.mn

A memorandum of understanding has been signed between the "General Project Management Office" State-owned Enterprise and "PMI Mongolia Chapter" NGO to collaborate in empowering specialized project management teams and leaders. By establishing this memorandum, there are plans to provide training, master classes, and seminars to equip project team members with specialized knowledge in project management, gain practical experience for project leaders and specialists, study international best practices, and formulate improvement proposals suited to the country's conditions. Based on these proposals, they intend to establish a benchmark project management unit, which is of great importance. During the signing event, U. Baatar, head of the "General Project Management Office" SOE, stated that "The memorandum of cooperation will have a significant impact on the successful implementation of projects within the city limits." Additionally, it is worth mentioning that "PMI Mongolia Chapter" NGO, a non-profit organization, is the Mongolian branch of the Project Management Institute based in the USA. Since 2014, it has been operating with the goal of localizing and popularizing best project management practices, methodologies, and expertise in Mongolia.

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Mongolia and Laos Initiate Cooperation in IT Sector

Published: 2025-04-10 | Translated from: montsame.mn

Minister of Digital Development and Communications Ts. Baatarkhuu met with Mr. Hounguev Souksavath, the Extraordinary and Plenipotentiary Ambassador of the Lao People's Democratic Republic to Mongolia. The meeting was of significant importance as it marked the establishment of official relations and the founding of cooperation in the communication and information technology sector between the two countries for the first time. Minister Ts. Baatarkhuu introduced the "e-Mongolia" system, noting the technological advancements and tangible benefits it provides to citizens. He emphasized Mongolia's progress, as the implementation of this system has moved the country up 28 places in the United Nations' biannual "E-Government Development Index," ranking 46th out of 190 countries. He proposed to the Lao side the export of the "e-Mongolia" system's source code to develop a new electronic state service system called "e-Laos" based on it. Both parties agreed that this initiative is an important step not only for expanding cooperation in the information technology sector but also for delivering state services in a transparent, accessible, and efficient manner. Furthermore, both sides discussed and exchanged views on opportunities for mutual experience sharing and joint efforts in developing the digital economy. It should be noted that the President of Mongolia, U. Khürelsükh, made a state visit to Laos in November 2023, followed by a state visit from the President of Laos, Thongloun Sisoulith, to Mongolia in June 2024. During these high-level mutual visits, three documents were signed for cooperation in the fields of health, food, agriculture, light industry, and public sector reform, while the official initiation of cooperation in the communication and information technology sector was announced by the Ministry of Digital Development and Communications.

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Golomt Bank Implements the Updated PCI-DSS 4.0.1 Standard in Its Operations

Published: 2025-04-10 | Translated from: ikon.mn

Golomt Bank has successfully implemented the updated PCI-DSS 4.0.1 standard of the Payment Card Industry Security Standards Council (PCI SSC) in its operations. The standard's audit was conducted by the internationally accredited organization Controlcase, and the bank officially received its certification. The PCI DSS standard is a comprehensive standard aimed not only at ensuring the security of payment card information but also at preventing, detecting, and mitigating cyber threats to a bank's server, network, and infrastructure. Golomt Bank has been adhering to this standard's requirements in its operations since 2017. Moreover, the bank follows the requirements of the PCI-3DS standard to ensure the security of online transactions and is audited annually by internationally recognized auditing organizations. It is noteworthy that Golomt Bank is the first Mongolian organization to be a collaborative member of the PCI Security Standards Council (PCI SSC), contributing to the development of security standards and the protection and enhancement of international payment security in collaboration with more than 800 leading organizations worldwide. The PCI Security Standards Council, established in 2006 with the cooperation of major card organizations such as American Express, VISA, and MasterCard, aims to ensure the confidentiality and security of payment card information. The council offers organizations flexible and effective standards and programs for information security and is a leading international organization in payment security standards. Warning: Media organizations (TV, Radio, Social and Web pages) are prohibited from using any form of our information, in whole or in part, without consent. They must mention the source (ikon.mn) when using the content under agreed terms.

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Selenge: Met with Representatives of Dongwon University, South Korea

Published: 2025-04-10 | Translated from: montsame.mn

On April 10, 2025, Tsewegjav Purevsuren, the Governor of Sukhbaatar soum in Selenge aimag, met with representatives of the International Education Center of Dongwon University from the Republic of Korea. The meeting was held as part of international relationship cooperation and they discussed and exchanged views on education, health, environment, and tourism. The meeting was also attended by the management of the local secondary school and representatives of the Family Health Organization. During the meeting, the soum authorities expressed their intention to involve graduating students in language preparation and cooperation in the field of health with Korean schools.

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The Food Voucher Service System Will Be Digitalized

Published: 2025-04-10 | Translated from: montsame.mn

In Ulaanbaatar, the entire system related to the food voucher service will be digitalized. During the discussion on introducing the results of the household information integrated database and research findings, it was emphasized that the personal records, applications, and complaints of households and individuals benefiting from the food voucher service should be fully digitalized. The General Authority for Labor and Welfare Services conducted this research, fully covering 70,989 households. Currently, there are 86,000 citizens in our country receiving food vouchers.

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Health

G. Erdenetuya: Screening diagnostics will prevent newborns from developing disabilities

Published: 2025-04-10 | Translated from: montsame.mn

Ulaanbaatar. Our country aims to reduce neonatal mortality to a certain level by 2028. This is because the health of mothers and newborns is a key indicator of national security in any country. Doctors and researchers emphasize that improving the treatment and diagnosis of diseases primarily affecting neonatal morbidity and mortality can prevent these issues. Last year, the Ministry of Health established a national team to elevate neonatal care to international standards, reduce morbidity and mortality, conduct comprehensive screening tests, and improve and localize treatments such as open heart surgery, diagnosis of pulmonary hypertension, brain cooling, and preterm birth prevention by training doctors and specialists and introducing new treatment methods. Under the "Policy to improve early neonatal detection and expand diagnostic treatment in Mongolia," the capital's "Urguu Maternity Hospital" has started brain cooling treatment for newborns since last year. Over 100 children have been treated so far, preventing diseases and deaths related to oxygen deprivation. The head of the Neonatal Department at the maternity hospital and the National Team Leader for Neonatal Brain Cooling Treatment, B. Ulziikhishig, said, "Brain cooling treatment is the standard treatment for oxygen deprivation or brain pressure that commonly occurs in newborns. It is performed comprehensively with brain electroencephalograms. Over a quarter, more than 100 children are examined, and 16 children were prevented from dying. Most children with this condition tend to develop seizures. Before introducing the treatment, they were only treated when limbs started shaking and seizing, but now we can detect and treat seizures at their onset." G. Erdenetuya, head of the Pediatric Department at AHSUIS and the National Team Leader for Neonatal Screening Tests, said, "The comprehensive neonatal screening program aims to detect six types of disorders including intellectual disabilities and physical developmental delays. National trainer teachers and neonatal doctors and specialists are being trained to provide information to the public. In the future, screenings will be conducted both locally and in the capital. With the support of the UN Children's Fund, screening test centers have been established in five regional diagnostic centers, including in Khovd, Dornod, and Uvurkhangai. Last year, these centers screened 6,000 newborns and treated six with endocrine disorders. Implementing such a comprehensive program can increase this number to 60,000. Screening tests are very effective. By conducting these diagnostics widely, it is possible to prevent children from developing disabilities." During the "Healthy Start, Confident Future, Supporting Maternal and Neonatal Health for a Healthy Mongolia" conference, held for World Health Day, doctors and researchers emphasized the need to improve the accessibility of neonatal services by supporting the social and working conditions of neonatal doctors and nurses through policy, and providing continuous learning opportunities for human resource development. As a side note, Mongolia has seen significant progress in maternal and neonatal health. For instance, since 2000, maternal mortality has decreased by six times and infant mortality by 2.5 times. Last year, neonatal mortality was 7.7 per 1,000 live births. The aim is to reduce this figure to 5.5 by 2028. Follow @montsame.mn

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Orkhon: Residents in the Impact Zone of White Dust Begin Undergoing Health Screenings

Published: 2025-04-10 | Translated from: montsame.mn

Residents living in the impact zone of white dust began their latest round of health screenings on April 7. The Governor's Office of Orkhon Province and the Erdenet Mining Corporation (State-Owned Enterprise) have been conducting health screenings for residents affected by white dust. The white dust, which is generated from the tailings of sand and accumulated production waste from the technology of Erdenet Mining Corporation SOE, negatively impacts the living conditions of the residents in the surrounding area. In recent years, these health screenings have become regular and are organized annually. Last year, 1,866 residents from the Ulaantolgoi, Dulaan-Uul, and Khargalant subdistricts of Khargalant sum in Orkhon Province, as well as the Bayantsagaan and Govil subdistricts of Bayan-Undur sum, underwent health screenings. Out of these, 500 people who were diagnosed with lung diseases, chronic conditions, and other risks have been selected for this year's follow-up screenings. The screening includes detailed diagnoses such as CT scans and abdominal ultrasounds, as well as electrocardiograms, along with building an information database and conducting research and analysis. In the preventive health checkups conducted in 2024, 67% of residents from the white dust affected areas were found to be overweight, with accompanying risks of cardiovascular diseases, hypertension, elevated cholesterol and lipid levels, diabetes, and other factors. This has prompted experts to emphasize the need to improve health education, teach risk mitigation strategies, and develop preventive habits. Therefore, health events and activities are planned to be organized in these areas.

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Published: 2025-04-10 | Translated from: isee.mn

During the session of the State Great Khural of Mongolia, the issue of reappointing General Prosecutor B. Jargalsaikhan was discussed. During this time, Member of Parliament O. Batnairamdal posed a question to General Prosecutor B. Jargalsaikhan, who is being considered for reappointment, regarding the Education Loan Fund. MP O. Batnairamdal stated that the Education Loan Fund is the most important among Mongolia's 24 special funds. It is financed with approximately 1.4 trillion Tugriks from taxpayers and has reached 1.3 million learners. Over the past 30 years, loans totaling over 360 billion Tugriks have been granted to approximately 3,700 students studying abroad from these supports. The repayment rate for domestic loans is 98%, whereas it is only four percent for foreign loans, which is due to the submission of information about domestic loan recipients to the information system of the Mongolbank. The repayment of these loans enables future students to have access to educational opportunities. An investigation team, consisting of the Prosecutor General's Office, the Independent Authority Against Corruption, and the General Police Department, has questioned over 1,600 people in order to address issues and shortcomings related to the Education Loan Fund.

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Sports

The Best in the Continent Compete in Mongolia

Published: 2025-04-10 | Translated from: unuudur.mn

160 players are competing in the selection to participate in the 3.3 Zone Chess Championship of Asia. After seven rounds, in the open category, the leaders among men are Ts. Lkhagvadorj, A. Erhembayar, M. Batmanlai, T. Todmonkh, and B. Tsolmon, each with six points. In the women's category, B. Anu and B. Uyanga Lianhua are leading with six points as well. From the decisive eighth and ninth rounds of matches, 40 top chess players will qualify to participate in the Asian 3.3 Zone tournament. This tournament features internationally high-rated players. Women must have a score above 1800, and men must have a score above 2000. This tournament, which qualifies players for the World Cup, is considered prestigious in Asia. The Asian 3.3 zone includes countries such as Mongolia, Brunei, Cambodia, Taiwan, Hong Kong, Indonesia, Japan, Laos, Macau, Malaysia, Myanmar, the Philippines, Singapore, South Korea, Thailand, East Timor, and Vietnam. China is in zone 3.5, and India is uniquely its own zone 3.7. The Mongolian Chess Federation is planning to organize this tournament in its home country for the second time. The continent's best will gather and compete in this tournament hosted by our country from the 22nd of this month to the 2nd of May. With the host nation's privilege, women with a rating up to 1800 and players with an open category rating up to 2000 are allowed to participate. Also, players selected in the top 20 of each category from the selection tournament will participate without a rating threshold.

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Today's Stories

Politics

Economy

Diplomacy

Infrastructure

Society

Environment

Innovation

Health

Sports

Politics

Parliament Discusses Amendments to the Credit Information Law

Incorporating the Protection of Journalists into the "Law on Freedom of the Press" to Align with International Standards is Necessary, says MNCHR

Parliament: Deliberating the Reappointment of the State Prosecutor General

The Parliament Discusses the Reappointment of Chief Prosecutor B.Jargalsaihan

Economy

Kh.Buyanjargal: Foreign-invested legal entities should not be excluded from social insurance coverage

Mongolia's Economy Projected to Grow by 6.6% in 2025

Japanese Business Leaders Invited to Invest in Mongolia

A Risk-Based Tax Inspection System Will Be Established

S. Sukhbold: Tax and fee burdens are limiting business activities and investment

"Businesses Cannot Bear the Full Burden"

Uncertain Effects of Ongoing Trade Tariff Changes on Mongolia

The Bank of Mongolia: Exchange rate expected to stabilize

Mongolian Stock Exchange launches 'Let's Invest in the Stock Market with Dividends from 1072 Shares' Campaign

Introducing: Tax and Social Security Concessions, Excluding Luxury Items

Payment of Dividends for 1072 Shares of "Erdenes Tavan Tolgoi" JSC Started Today

Coal exports decrease by 9.7%, while copper concentrate rises

The Governing Board and Executive Management of the Development Bank Will No Longer Decide Which Projects to Fund

"Agin Egg" Factory's Expansion with Preferential Loan

"Erdenes Tavantolgoi" JSC Begins Transferring Remaining Dividends to Citizens' Accounts

The Central Bank Sets Requirements for Mortgage Loan Applicants

Launched a Campaign to Activate Participants in the Stock Market

Diplomacy

UN Special Rapporteur to 'Examine' How Mongolia Protects Personal Information

Chairperson J. Zoljargal Meets with UN Special Rapporteur Ana Brian Nougeries

Infrastructure

451 people donated their stock dividends to improve urban infrastructure and reduce air pollution

Clarification: All flights of 'Aero Mongolia' canceled due to lack of landing permission from China

Road Connecting from TPP-3 to Yarmag Bridge and Workers' Street Closed at 06:00 Tomorrow

Locations of Power Outages on April 11

A Group Established in Parliament to Reduce Traffic Accidents

Light Rail Transport Project to be Implemented on the Tolgoit-Khunnu City Route

Meeting of Carriers and Railway Clients Held

Society

Discussion on 18 Best Presentations

Human Rights Protective Lawyer and Journalist Working Conditions Reported

G.Luvsanjamts: 'Happy Ulaanbaatar' Did Not Focus on Improving Citizens' Lives

Consultative Meeting to Review Implementation and Results in Local Areas Begins in the Khangai Region

N.Altantsetseg: Socializing Children with Autism through Music

Environment

Implementing policies to reduce greenhouse gas emissions and adapt to climate change

Warning: Fires Have Claimed Lives This Year

Fire near E-Mart in Bayanzurkh District

Innovation

Cooperation to Strengthen Project Management Teams and Leaders

Mongolia and Laos Initiate Cooperation in IT Sector

Golomt Bank Implements the Updated PCI-DSS 4.0.1 Standard in Its Operations

Selenge: Met with Representatives of Dongwon University, South Korea

The Food Voucher Service System Will Be Digitalized

Health

G. Erdenetuya: Screening diagnostics will prevent newborns from developing disabilities

Orkhon: Residents in the Impact Zone of White Dust Begin Undergoing Health Screenings

O. Batnairamdal: What is the status of the investigation involving over 1600 people related to the Education Loan Fund?

Sports

The Best in the Continent Compete in Mongolia

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