Aug 9, 2024 59 min read Daily News Summaries

Mongolia News Summary for August 09, 2024

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 Mongolia Strategy Center or its members.

Today's Stories

Politics

Introducing: New Appointments of the New Leaders

Published: Thu, 08 Aug 2024 | Translated from: news.mn

The coalition government formed as a result of the regular 2024 parliamentary elections has established its structure and composition, consisting of 22 ministers and 16 ministries. In other words, the number of ministries was kept the same, only increasing the number of Deputy Prime Ministers, while renewing some ministry names and functional adjustments. The Prime Minister was tasked with ensuring that the organizational structure of the ministries is optimally defined in line with the relevant laws, the strategic priorities, and mission of the ministry's operations. He also emphasized not to reduce staff numbers and to strictly adhere to the Civil Service Law, ensuring that genuine public servants are not dismissed or laid off without adding staff positions. News.mn consolidates the appointments made during this period.

T. PUREVHATAN'S JOB EXTENSION

In the coalition government, the Democratic Party has eight ministers. For example, J. Batsuuri, who has been re-elected to the Parliament, has been appointed as the Minister of Urban Development, Construction and Housing. He appointed T. Purevhatan, his special advisor, who had run in the 2024 parliamentary elections in Khentii, Dornod, and Sukhbaatar provinces but did not succeed. T. Purevhatan also holds the position of Deputy Chairman of the Democratic Party.

S. TÖMÖRKHUU TO ACT AS THE SECRETARY OF URBAN DEVELOPMENT MINISTRY

S. Tömörkhuu, who ran unsuccessfully in the VI constituency of the parliamentary elections, has been appointed as the Acting Secretary of the Urban Development, Construction and Housing Ministry. Candidates who do not win often face psychological and financial strain, having spent billions in their campaigns, and the government cannot afford to abandon them. Therefore, following the instructions of the 5.2 decree of the July 31, 2024, cabinet meeting, the Urban Development Minister's Order No. 02 was issued to appoint S. Tömörkhuu as acting secretary on August 1, 2024.

POLICE COLONEL N. MUNKHZUL APPOINTED AS DEPUTY CHIEF OF POLICE DEPARTMENT

The position of Deputy Chief of the General Police Department for discipline, responsibility, and internal control of the police and internal military organization, previously held by T. Ganzorig, has been taken over by N. Munkhzul. He has been working in human resources development in law enforcement for 22 years and holds the title of Doctor of Law and Associate Professor. He will focus on improving ethics, human rights, and the safety of internal military service personnel.

B. BATSETSEG DISCHARGED AND APPOINTED AS DEPUTY CHIEF CABINET SECRETARY

The regular cabinet meeting yesterday discussed and released B. Batsetseg, Secretary of the Ministry of Digital Development, Innovation, and Communications, from her duties. She was appointed as Deputy Chief Cabinet Secretary. She graduated from the Law School of the National University of Mongolia and previously served as a senior reference officer in the President's Office and as acting secretary of the Ministry of Digital Development and Communications.

RAPPER B. GANTULGA AS AN ADVISOR TO THE PRIME MINISTER

Rapper Seks Tsagaanbogd, known as B. Gantulga, has been appointed as an advisor to the Prime Minister. The Prime Minister's Press Secretary Ch. Bolortuya stated, "B. Gantulga has been appointed as an advisor to the Prime Minister, focusing on youth issues." In response to inquiries about his focus areas, B. Gantulga mentioned that he would share his plan after it is finalized. He had previously expressed support for the current Prime Minister L. Oyun-Erdene, which had drawn public criticism, yet he has advanced to become an advisor.

D. GANTULGA TO ADVISE MINISTER OF EDUCATION P. NARANBAYAR

D. Gantulga has been appointed as an advisor to the Minister of Education, P. Naranbayar. In 2020, P. Naranbayar was elected to the City Council of Bayanzurkh District alongside D. Gantulga. D. Gantulga is an international actuary, business appraiser, and a leading expert in Mongolia's financial markets. He is a City Council representative and a member of the governing board of MON party.

G. DASHNYAM AS AN ADVISOR TO THE CAPITAL CITY MAYOR

G. Dashnyam has been appointed as an advisor to the Capital City Mayor on Public-Private Partnerships. In 2023, he founded "JET sharing Mongolia" and began his political journey as a leader of the Sukhbaatar District MPP Committee. He also ran for Parliament in 2024 but was unsuccessful. He blamed his loss on member of parliament M. Oyunchimeg and will now serve as the advisor to the mayor.

L. MUNKHZUL APPOINTED AS SECRETARY AT THE MINISTRY OF SOCIAL PROTECTION AND LABOR

The Cabinet has decided to appoint L. Munkhzul, former Head of NDEG, as the Secretary of the Ministry of Social Protection and Labor. The General Department of Social Insurance is one of the implementing agencies of the government. L. Munkhzul had been serving as the Head of the Department of Policy and Planning at the same ministry.

B. BATBOLD APPOINTED AS HEAD OF "20 MINUTE CITY" NATIONAL COMMITTEE OFFICE

The Minister and Chair of the "20 Minute City" National Committee, R. Erdeneburen, has appointed Doctor B. Batbold, formerly known to the public as the director of the "Street Project" in Ulaanbaatar from 2012-2016, as Head of his office team. B. Batbold is an architect, urban planner, and holds a doctoral degree in this field from Hokkaido University, Japan. Over the years, he has worked as a consultant and team leader in several architecture firms and with the Asian Development Bank.

E. BATTULGA APPOINTED AS SECRETARY OF ENVIRONMENT AND CLIMATE CHANGE MINISTRY

E. Battulga has been appointed as Secretary of the Ministry of Environment and Climate Change. This decision was approved at the Cabinet meeting last week. He has previously worked as the Deputy Chief of Staff at the Parliament Secretariat and as the Head of the Metropolitan Department of Environment and Tourism.

C. TSERENPUNTSAG AND B. SARANCHIMEG ADVISING THE PARLIAMENTARY GROUP ON CONSERVATION

The Parliamentary Group on Conservation, which has been working for its third year, has collaborated with the International Conservation Fund to implement the “Healthy Forest” project and a national pest management strategy. Former MP C. Tserenpuntsag led the group, comprising 19 members from the MPP and Democratic Party. With the new parliament, structural changes were made as it now includes representatives from five parties, emphasizing the need for a broad coalition beyond party affiliations to work on legislation related to conservation.

TEMPORARY APPOINTMENTS IN FOUR PROVINCES AS THEIR GOVERNORS BECOME MPS

Umnogovi Province: Due to Governor R. Seddorj being elected as a Member of Parliament, Deputy Governor C. Deneedordj has been appointed as acting governor, following the Prime Minister's decree. He holds a degree in political science from NUM and has worked for the Secretariat of the Parliament and Dalanzadgad city's administration. He is also a representative in the Provincial Council.
Gobi-Altai Province: Former Governor O. Amgalanbaatar, now an MP from the second constituency, has been replaced by G. Chinbat as acting governor, as appointed by the Prime Minister.
Khovd Province: With Governor E. Bolormaa becoming an MP from the second constituency, Deputy H. Batbold has been appointed as acting governor, following her election from the previous year.
Dundgovi Province: Following MP election of former Governor Ts. Monkhbat, M. Ankhbayar, who served as Deputy Governor since 2020, has been appointed as acting governor.

As a result of the 2024 parliamentary elections, Mongolia's parliament reaches a historical 1256 members, with the newly elected MPs holding marathon sessions for over 23 hours before finalizing the government’s structure just before the national holiday. The coalition government formed includes representatives from three parties, consisting of 12 from MPP, eight from the Democratic Party, and two from the MON party. The new government, aiming to bring Mongolia’s development to a new level, has been in operation for about a month. May wisdom prevail among the ministers and leaders working together in the new government structure striving for Mongolia's progress.

Economy

ERC: Electricity and Heating Bills Will Increase

Published: Thu, 08 Aug 2024 | Translated from: itoim.mn

The energy sector has been operating at a loss since 2022, and in order to reduce energy losses and generate the necessary funding, the decision has been made to increase consumer electricity charges.

The Energy Regulatory Commission clarified that the energy sector is incurring losses and operating at risk because energy prices have not reached their actual cost. For instance, households are supplied 1kWh of electricity for 140 tugriks, which is 54.6% lower than the cost price. The cost of energy production reached 256 tugriks in the first half of 2024. Therefore, to bring electricity and heating prices up to the actual cost and create conditions for the sector to operate without losses, the Energy Regulatory Commission and related officials have started calculations.

As of today, the final decision on the new pricing for electricity and heating usage has not been made. Once finalized, it will be publicly announced. The energy sector is facing a real necessity to change electricity and heating tariffs.

To recap, in 2022, it was estimated that the energy sector would operate at a loss of over 200 tugriks, which made it unavoidable to increase only business entities' electricity and heating tariffs. Thus, from November 1, 2022, companies using up to 5,000 kW had their fees increased by 14%, and those consuming more had to pay 28% more.

After the 2024 election results, the MPP, DP, and HUN parties agreed to jointly form the government. In the DP and HUN parties' platform, there are plans to liberalize electricity tariffs and set them according to market principles, as well as to build new sources of heated electricity. From this perspective, the Coalition Government seems to be leaning towards setting electricity and heating prices based on market costs rather than controlling them forcefully.

The Drop in Coal Prices Poses Risks to the Economy

Published: Thu, 08 Aug 2024 | Translated from: news.mn

A month has passed since the formation of the Joint Government. However, many important government issues remain on hold. With the formation of the new government and changes in its structure and composition, it has become quite clear that the 2024 budget will require amendments. Amending the budget means the ministers will have funds to spend. In 2024, Mongolia is expected to generate 25.3 trillion MNT in revenue and spend 27.3 trillion MNT, leading to a budget deficit equivalent to 2% of the GDP.

Before the elections, the Democratic Party praised the improving economy while the Democratic Party criticized the economic downturn. Now, they plan to work together to develop the economy over the next four years. Mongolia's economy is heavily reliant on mining, particularly coal exports. For imports, the domestic market is notably affected by fuel prices. Recently, there has been bad news in the coal sector, with falling prices. A decline in coal prices translates to reduced national revenue. Therefore, Minister of Industry and Mineral Resources Ts. Tuvaan is highly involved in this issue. However, since receiving her position, she hasn't made any announcements. Experts in the sector are expressing concern over the expectation for Tuvaan to develop the mining sector.

By the end of 2023, Mongolia's economy had grown by 7%. This growth was mainly driven by the mining sector, with raw material exports reaching record levels. In the first quarter of 2024, Mongolia's economy grew by 7.8% compared to the previous year. This growth was significantly influenced by the services sector, including transportation and trade, which contributed 4.1% to the growth rate. Compared to the same period last year, the services sector grew by 7.7%. Additionally, due to the increased income of businesses and citizens, the government's tax revenue grew, contributing 2.1% to economic growth, while the mining sector grew by 1.9%.

Regarding key export raw materials, coal exports reached 39.4 million tons in the first half of this year, marking a 39% increase compared to the same period last year. Although the physical volume of coal exports has grown by about 40%, due to falling global market prices, the income level is comparable to the same period last year.

The border price of coal is currently at 110 USD per ton. In the same period last year, it was 162.8 USD. In other words, in the first six months of the year, the border price of coal exports fell by 50 USD per ton.

Additionally, exports of gold have decreased by 6.5% compared to the same period last year, reaching 5 tons, but rising international market prices have increased the income from gold. For copper, 785 thousand tons were exported in the first half of the year, a figure that's comparable to the same period last year. The revenue from copper has contributed a 1.9% positive impact on the mining sector's economic contribution. Overall, coal accounts for 59.3% of Mongolia's total exports, while copper concentrates account for 18.4%.

If coal exports, which are Mongolia's key exports, increase in volume but decrease in price, it may risk budget revenue shortages. In such cases, another budget amendment could be necessary, potentially increasing the expenditure percentage and raising the external debt level.

Foreign Trade Surplus of $2.9 Billion Achieved in January-July

Published: Thu, 08 Aug 2024 | Translated from: gogo.mn

Coal exports in the first seven months of the year reached 46.1 million tons, an increase of 35.5% over the same period last year.

The General Customs Administration reported that foreign trade turnover amounted to 15.7 billion USD in the first seven months of the year, an increase of 14.2% compared to the same period last year. Meanwhile, the foreign trade surplus stood at 2.9 billion USD.

In comparison to the same period last year, exports grew by 6.5%, and imports by 27.6%.

Looking at coal, the main export commodity, a total of 46.1 million tons of coal were exported in the first seven months, which is a 35.5% increase from the same period in 2023. In terms of value, it accounts for 5.3 billion USD or 57.9% of the total exports.

The 2025 budget framework and the draft law on the 2026-2027 budget forecast indicate that coal exports are expected to reach 78 million tons this year. Although the physical export volume is increasing, the average price at the border is showing a declining trend.

Economist N. Enkhbayar highlighted that the optimistic projections based on physical volume growth could lead to overly optimistic estimates of economic growth, budget revenues, and expenditures based on export revenue.

Coal exports in the first seven months of the year reached 46.1 million tons, an increase of 35.5% over the same period last year.

In comparison to the same period last year, exports grew by 6.5%, and imports by 27.6%.

Import of Wheat Flour Increased Almost 13 Times in the First Seven Months of 2024 Compared to the Same Period Last Year

Published: Thu, 08 Aug 2024 | Translated from: ikon.mn

The General Customs Administration (GCA) has presented Mongolia's foreign trade data for the first seven months of 2024.

According to the information provided by the agency, our country imported goods worth 6.5 billion USD during the aforementioned period. This represents an increase of 1.4 billion USD, or 27.6 percent, compared to the same period in 2023.

Among the main imported goods, wheat flour showed the highest growth. In the first seven months of 2024, 31.8 thousand tons of wheat flour were imported, which is an increase of 12.6 times compared to the same period in 2023.

The law on exempting flour and animal feed from customs duties was passed by the Parliament in April this year. In connection with this, starting from May 1, wheat flour, animal feed, and a total of 11 products were exempted from customs duties for an unspecified period.

In addition, 68,551 passenger cars were imported in the first seven months of this year, which is an 1.8-fold increase compared to the same period last year.

Inspection Reveals Imported Cement Without Origin and Quality Certificates

Published: Thu, 08 Aug 2024 | Translated from: itoim.mn

The Ministry of Construction, Urban Development, and Housing has conducted quality inspections on imported cement following the reduction in import tariffs on cement. Experts have provided further explanations regarding this matter.

An expert from the Ministry of Construction, Urban Development, and Housing stated that a task force has been set up to monitor the quality and safety of imported cement. This task force conducted inspections on six samples of Chinese-imported cement from five business entities being sold at Market 44. The tests were carried out by an independent professional laboratory. They included assessments of the strength and durability at three and twenty-eight days, as well as other physical and mechanical tests. A total of 42.5-grade cement samples were included in the inspections, of which three did not meet the 42.5 strength requirement.

According to standards, it is permissible to denote -2.5 as the lowest value. However, one sample failed to meet this requirement. Furthermore, a sample demonstrated a strength of 39.9 megapascals, which does not satisfy the standards. This is risky, especially in residential, public, industrial, structural, and concrete production, as cement is widely used. Using substandard cement for buildings and major constructions is particularly risky in areas with high seismic activity, as it can directly impact the quality of concrete products and structures. Therefore, preventative information is being provided to the public and businesses.

One of the three samples did not meet quality standards. The other two had minor discrepancies allowable within the accepted limits. A notice and recommendation will be issued to the business entity selling the non-compliant sample.

Additionally, issues were identified with the absence of origin certificates, laboratory test reports, and quality certificates for imported cement.

Foreign Trade Surplus Reaches $2.9 Billion in January-July

Published: Thu, 08 Aug 2024 | Translated from: bloombergtv.mn

Coal exports in the first seven months of the year reached 46.1 million tons, increasing by 35.5% compared to the same period last year.

According to the General Customs Office, the trade turnover in the first seven months of the year amounted to $15.7 billion, which is a 14.2% increase compared to the same period last year. The foreign trade surplus has reached $2.9 billion.

Compared to the same period last year, exports of goods and products increased by 6.5%, while imports grew by 27.6%.

Considering coal, which is the main export raw material, a total of 46.1 million tons of coal were exported in the first seven months, showing a 35.5% increase from the same period in 2023. In terms of value, it amounts to $5.3 billion or 57.9% of total exports.

The 2025 budget framework statement and the 2026-2027 budget projection law project coal exports to reach 78 million tons this year. Although the physical amount of coal exports is increasing, a trend of decreasing average border prices is being observed.

Economist N. Enkhbayar emphasized that the reliance on optimistic projections of volume growth could lead to overly optimistic economic growth, budget revenues, and expenditures based on export revenues.

Mongolians Imported Over 68,000 Cars in 7 Months

Published: Thu, 08 Aug 2024 | Translated from: news.mn

In the first seven months of the year, based on customs statistics of foreign trade, Mongolia imported goods and raw materials totaling 6,411.1 million USD. This is an increase of 1,387.3 million USD or 27.6% compared to the same period in 2023. The imported goods were comprised of:

95.9% paid for with foreign currency,
0.9% supplied with foreign loans,
0.9% from foreign aid,
1.7% from foreign investment,
0.4% used for payment purposes.

Out of the total value of imported goods:

Machinery, equipment, electric goods, and spare parts accounted for 1,323.7 million USD or 20.6%,
Mineral products amounted to 1,418.2 million USD or 22.1% (including petroleum products at 1,253.0 million USD or 88.4%),
Products derived from animals and plants, and food items totaled 664.7 million USD or 10.4%,
Vehicles and parts for water and air transportation were 1,351.0 million USD or 21.1%,
Basic metals and products made thereof accounted for 554.4 million USD or 8.6%,
Chemical and related industrial products were 338.1 million USD or 5.3%.

Additionally, 68,551 passenger vehicles were imported in the first seven months, which is 1.8 times more than the same period last year. The increase in import volume is primarily influenced by the significant share of transport vehicles and machinery equipment supply.

As of the first seven months, more than 68,000 cars were imported, the majority of which came from Japan.

Mortgage Loan Increase Stimulates Housing Price Growth

Published: Thu, 08 Aug 2024 | Translated from: bloombergtv.mn

Inflation has been declining for nearly 10 consecutive months nationwide, while the rise in housing prices remains unabated. As of June, the average price per square meter of new housing in Ulaanbaatar has exceeded four million tugriks.

According to the National Statistical Office, at the end of the first half of the year, housing prices in Ulaanbaatar saw an 11% increase compared to the same period last year. Notably, the annual change in prices of old housing increased by 13.6%, accelerating by eight percentage points compared to last June's figures.

The Bank of Mongolia highlighted that the factors contributing to this increase include the increase in mortgage loan financing, expectations of further increases, and the growth in household income due to salary and pension hikes for public servants. As a result, demand for housing rose. After a long period of stagnation, the issuance of mortgage loans normalized by the end of the first half of this year, with the number of individuals wishing to obtain loans and outstanding loans increasing significantly.

From the first quarter of 2024 onward, the monthly growth of outstanding mortgage loans barely exceeded 100 billion tugriks, but in April to June 2024, this amount increased by over 500 billion tugriks, reaching a total of 8.5 trillion tugriks. According to government information, a total of 514.9 billion tugriks in loans were granted to 4,419 households in the first five months of the year, showing a 55% increase in the number of people resolving their loans compared to the previous year.

The housing price increase is expected to continue throughout this year, with room for a further 5-10% increase, as noted by B. Bujinlkham, a regional owner of one of the major local agencies, Re/Max Mongolia, in an interview.

In Mongolia, there are many young families along with significant migration towards Ulaanbaatar, yet our city cannot expand. Thus, we have no choice but to welcome new families with existing resources. If the recently discussed new city and settlement area projects are implemented, it might influence long-term price reductions in real estate. However, in the short term, there remains no solution.

Economist O. Batchuluun: Where Will the Global Stock Market Fluctuations Lead?

Published: Thu, 08 Aug 2024 | Translated from: gogo.mn

While we were distracted by elections, celebrations, local anniversaries, holidays, and the Olympics, global stock markets turned red this Monday, causing panic among investors. Japan's Topix fell to its lowest level since 1987, dropping 12%, while the U.S., UK, and European markets fell by 2-3%.

Due to the geographical characteristics of the stock markets and the behavior of market participants, the price fluctuations varied significantly. In Asia, where markets are relatively small and participants tend to mimic each other, prices in Japan, Taiwan, South Korea, and Hong Kong fell sequentially, creating a high level of uncertainty and instability.

In Europe, the price decline coincided with geopolitical events in the Middle East, Israel, Russia, Ukraine, the UK, and France. In contrast, the increased volatility on the Nasdaq in America was attributed to it being more expanded in terms of basket and participants compared to other American indices like S&P and Dow Jones. Moreover, Nasdaq's management of multiple European stock exchanges like Copenhagen, Helsinki, Stockholm, Reykjavik, Riga, Vilnius, Ireland, and Tallinn played a role.

Adding fuel to the fire, the world's largest investor, W. Buffet, sold half of his shares in Apple, which he primarily holds, concentrating a total of 277 billion dollars in cash.

In the recent past, the U.S.'s strict monetary policy and Japan's decision not to change its interest rates created conditions for the yen's weakness against the dollar. Consequently, investors flocked towards Japan's relatively inexpensive market. Just in the past two years, Japan's stock market grew by $60 billion.

However, the Bank of Japan recently decided to increase its interest rate on July 31st, causing the previously least expensive financing country to become more costly. Conversely, the U.S. shifted towards a policy of reducing interest rates, as U.S. labor market figures released on August 2nd fell below expectations, increasing the likelihood of reducing the policy rate to support the economy. These intertwined decisions became the main factors prompting professional investors to act.

Adding fuel to the fire, W. Buffet, the world's largest investor, sold half of his Apple shares, concentrating a total of $277 billion in cash, further unsettling investors. The golden rule for investors during a crisis is to have cash on hand. W. Buffet's decision sent a strong signal to the market that he was preparing for some kind of crisis. Especially selling half of the top-value global stock is a big decision from a professional investor's standpoint.

As shown in the table, on August 5, 2024, prices of 46 out of the 47 most actively traded global indices fell by 0.43-8.68%. However, the widespread price decline eased two days later.

In view of these events, it is important for us to analyze what a stock market crash is, how it differs from an economic recession, the common impact it has had on global governance each time, how the current situation is similar to past stock crashes, what is completely different, and how it will affect our economy.

A stock market crash is when stock prices fall by 20% or more in a short period. As illustrated in the earlier table, prices of the most actively traded indices in the world fell sequentially, with the largest decline being 8.68%. This was more of a global speculative movement utilizing public information rather than a stock market crash.

The price drop on 08/05 is completely different from previous crashes and bears no resemblance. While past crashes had clear reasons such as geopolitics, technological advancement, economic factors, unrealistic bubbles in the financial investment market, the broad decline in stock prices on 08/05 remains unexplained.

Firstly, stronger, more pervasive, and more interconnected financial globalization. Secondly, the combination of interesting trading activity and technological advancement; Thirdly, the change in market participant behavior. From 1950 to 2014, stock price trends were fully defined after a certain period, but now, not only are such trends undefined, but there is also full potential for prices to suddenly spike after a fall or for non-market factors to influence the price increase.

A major example would be meme stocks, which, despite having no real value, become the center of attention and inflated by becoming a popular topic of conversation.

Historically, since 1950, there have been 19 instances of stock market declines exceeding 20% globally. However, only 4-5 of these have led to economic recessions. The rest were short-term fluctuations or were overcome without becoming economic recessions due to swift responses from the government or central banks at the time.

Of course, every country has different timing for monetary policy transmission mechanisms. For example, when the U.S. Federal Reserve takes countermeasures, the economic impact is lagged by 4-29 months. Therefore, it is worth noting that previous policy influences are still preserved in the economy.

A stock market decline does not mean an economic recession.

Of course, policy instruments may be altered due to the impact of market fluctuations, which begins to influence macroeconomic indicators in the market. The stock market is a leading indicator in one sense. When professional investors act, it continues to impact the real economy after a certain period. Initially, it may cause economic growth to slow, currency depreciation, increased interest costs, rising unemployment, and so forth, depending on the shock cause to the real economy.

A stock market decline does not mean an economic recession. Last week's decline appears more like professional investors reacting to policy change and expectations.

A recession means the economy of that country is in decline for at least 2 consecutive quarters. In countries without conflict or domestic unrest, economies continue to grow. For instance, the world's largest economy, the U.S., grew by 2.8% in the second quarter, while the European economy grew by 1%. In emerging markets, China remained with a steady economic growth rate of 5-6%.

Table: Major Global Economic Growth

U.S.: 2023: 2.5%, 2024: 2.6%, 2025: 1.9%
Eurozone: 2023: 0.5%, 2024: 0.9%, 2025: 1.5%
Emerging Economy (China): 2023: 5.7%, 2024: 5.4%, 2025: 5.1%
Global Economy: 2023: 3.3%, 2024: 3.2%, 2025: 3.3%

Source: IMF's July 2024 Report

Especially in the Asian market, although financial stability remains uncertain, Japan's "return" is becoming increasingly evident in the global market. Previously, China was the main driving force in the region, but Japan, South Korea, Taiwan, and India's influence, which exceeds expectations, can be seen from India's mega projects in infrastructure, technology, mining, energy, development, urbanization, and industrial parks. In other words, there is no macroeconomic basis to support a stock price decline in America, Europe, or the Asian market, once again, confirming this.

On the one hand, the underdevelopment of our capital market reduces susceptibility to crises. Changes in international stock markets do not directly impact our economy; rather, the conduit through China's economy is stronger. If an international stock market crash affects China's raw material prices and steel production, it negatively impacts our exports, particularly coal.

Japan's "return" to the global market is becoming increasingly evident.

A decline in coal exports could slow economic growth, increase unemployment, and weaken economic activity. Furthermore, reduced foreign exchange income may lead to a reduction in currency reserves, creating a fundamental reason for the strong devaluation of the Tögrög. It means that the currency channel strongly impacts Mongolia's economy.

Conversely, the influence on the financial sector leads to instability, uncertainty, and a lack of confidence in the financial and investment markets, which exacerbates inflation, interest rate fluctuations, and a decline in asset prices. This weakens trust in the government, national currency, and banking and financial institutions, prompting underground business and the informal economy, leading to instability in the overall economy.

The stock market crash that had the most impact on Mongolia's economy was the 2008 mortgage market crash. It affected the real sector through the payment balance channel, reducing economic growth from 8.27% to -1.27%. In the financial sector, it devalued the Tögrög by over 30%.

The sudden devaluation of the Tögrög eroded confidence in the Tögrög, led to dollarization, increased payments in U.S. dollars, invigorated the black market for foreign exchange, weakened currency policy efforts, and brought negative consequences such as people withdrawing their savings from banks to a precarious level.

On the contrary, laws were enacted like the Law on Payments in National Currency and the Law on Insurance of Deposit of Monetary Funds in Banks, creating a legal environment to conduct official payments only using the Tögrög within the territory of Mongolia and guaranteeing state assurance for individuals with deposits of less than 20 million Tögrög. This created a policy environment to effectively prevent the negative consequences of a sudden devaluation of the Tögrög.

Investment from China to Mongolia is aligned with the operations of three companies, China Energy, China Railway, Inner Mongolia Power Company, and related medium and small companies.

Investment from China in Mongolia has been actively made in three directions since 2000: first, meeting the needs for iron and coal for China's steel production and electricity sector growth; second, creating infrastructure and networks for cheap transportation logistics of coal, iron, copper, and other raw materials, and building rail and road infrastructure; third, creating an appropriate financial structure to finance these activities.

Investment from China to Mongolia is aligned with the operations of three companies, namely, China Energy, China Railway, and Inner Mongolia Power Company, along with other related medium and small companies. The total annual sales of these companies conducting operations targeting the Mongolian market are between 300-330 billion dollars, with a net profit of 10-12 billion dollars.

Analyzing the impact on these three companies concerning the current events, China Energy's stock price fell by 12%, China Railway's by around 5%, and Inner Mongolia Power Company's by around 4%. Such price movements are usual. As for China, its 14th Five-Year Plan for 2021-2025 is entering its final phase, and policy shifts are unlikely. However, due to the current events, it is necessary to prepare scenarios for the 15th Five-Year Plan for 2026-2030, which is in its drafting stage.

If you see the economy as a person, the financial sector is the circulatory system. Therefore, crises often arise from financial sector crises. The manifestations can be diverse, including sudden currency devaluation, risk to the banking sector, a country falling into debt distress, or a balance of payments crisis due to the impact of outward monetary flows. It is also crucial to determine the scale of the crisis based on its reach.

In the past, financial crises have arisen from banking and financial risks, currency devaluation, and debt distress. Moreover, they sometimes manifest together, not just with a single crisis. Historically, there have been 217 crises due to currency, 147 due to banking and financial sector risks, and 67 due to national debt distress. Nearly 40% of these crises occurred combinedly.

On October 29, 1929, known as Black Thursday, the stock market crashed dramatically. Subsequently, the world's largest economic crisis began. Since then, humans have been observing cycles. It resulted in a pattern of one pandemic every 100 years, one war every 50 years, and one crisis every 10 years.

However, predicting the exact timing has been rare. Nassim Taleb's "The Black Swan" describes the impossibility of predicting a crisis with many examples. Specifically, we base predictions on standard, average measures, but black swan events arise from volatile, unpredictable figures.

The world order is changing, and a new regime is emerging.

Furthermore, the chicken example is quite apt. Chicken meat accounts for the majority of the world's meat consumption. However, each time a chicken is fed, it trusts its owner even more, but eventually ends up on the shelves as meat. Similarly, people and investors often overlook black swans and are only affected afterward.

The 2008 economic crisis originated from the U.S., specifically from mortgage loan bundles. Despite many serious signs observed a year in advance, professional investors and banks failed to notice any of them. It was a crisis starting from the largest market at the time, strongly impacting the world economy.

Today, if a crisis occurs, it will be more strongly influenced by political, geopolitical, and technological factors. It will depend strongly on how uncertain events like the U.S. elections, Middle Eastern conflicts, and the Russia-Ukraine war turn.

In general, the world's rules are changing, and a new regime is emerging. The global powers' confrontation is intensifying. Ultimately, if a crisis emerges, it will involve a multitude of overlapping events. In other words, crises can arise depending on systemic societal issues and complex problems faced today.

Previously, we were able to analyze stocks and identify those expected to grow in the long term. However, now the valuations of stocks in the U.S. stock market are excessively high, and other markets are in unbelievable situations. It is challenging to use financial metrics, and stock market trends are undefined. Prices sometimes suddenly rise again after falling, making it increasingly challenging to make any specific forecasts. Therefore, during such critical times, the stock market is assumed to be the most unstable. With this certainty, investors are opting to buy more gold, maintaining an observer's stance on the stock market.

In recent years, although U.S. stocks have remained overvalued with continued growth, other markets, with cheaper valuations, have faced skeptical investors, as seen from the Japanese stock market jitters.

Mortgage Loan Issuance Increased by 60% | News.MN

Published: Thu, 08 Aug 2024 | Translated from: news.mn

Due to the government's increase in mortgage loan funding, loan issuance has increased by approximately 60%. Specifically, in May 2024, commercial banks received loan applications from 20,000 citizens amounting to 2.4 trillion MNT. In May, loans totaling 397.3 billion MNT were issued to 3,361 households. Out of this, 267.3 billion MNT in loans were issued to 2,082 citizens in Ulaanbaatar, and 130 billion MNT in loans were issued to 1,279 citizens in rural areas, which is an increase of approximately 59% compared to the same period of the previous year.

Mortgage loan issuance is proceeding normally in both Ulaanbaatar and rural areas, with approximately 150 billion MNT in loans being issued to over 1,300 citizens in June 2024, and approximately 186 billion MNT to 1,600 citizens in July.

Khaan Bank is issuing mortgage loans to citizens as usual. During the 2024 parliamentary elections, there was a surge in demand due to increased mortgage loan sources, but as of today, the peak demand period has been surpassed, and the situation is now normal, according to a bank specialist. Loan applications are being processed in order, and new applicants are encouraged to approach branches that accept mortgage loan applications.

A New Concept Store Offering Solutions in Beauty

Published: Thu, 08 Aug 2024 | Translated from: ikon.mn

Over time, everyone encounters skin issues such as dryness, sensitivity, acne, pore formation, sagging, and wrinkling. These problems arise from individual health, physiological conditions, and age. The FLAMME COMPLEX beauty store offers solutions tailored to each skin cause. They not only make your skin and hair look great but also keep them consistently beautiful with amazing products. They provide guidance on how to use these products correctly, offer step-by-step advice on personalized skincare and makeup for each individual, and mentoring services.

You can visit the Flamme Complex store or the online store at www.flamme.mn to purchase products from authorized representatives that feature precise formulations with eco-friendly packaging, based on the latest trends and brands in dermatological science.

The Flamme Complex offers a selection from the best Asian and European skin, hair, body care, and makeup brands with centuries of experience in cosmetic production: NEEDLY, LOGICALLY, BIO BALANCE, MATSU, DERMALINE, BELLFLOWER, AMPLE:N, ASIS-TOBE, B.LAB, CELLEANCER, CLINICO, DR.CEURACLE, HOUSE OF DOHWA, KHADAAN, KLAIRS, SKIN, NOTE, ORGABEBE, OVACO, SHAISHAISAHI, SKIN&LAB, SUNDUK JEJU, THE LAB, TIAM, VILLAGE 11, WISHTREND, amongst others.

Your skin is the first impression, the primary measure of beauty and individuality. Everyone can have beautiful skin. Having beautiful skin will bring many significant positive changes to your life and career. You can relax at Flamme and select all the skin and hair care products you need before you leave.

Addresses for Flamme Complex Stores:

Branch 1

Khan-Uul District, 7th floor of White Gate Center

Phone: 7715 1515

Branch 2

4th floor of Zaisan Hill Complex

Phone: 7715 1515

Branch 3

Khan-Uul District, 2nd floor of Forum Center

Phone: 7718 1515

You can also visit the online store at www.flamme.mn and have your needed products delivered to your location.

Entrée Resources' Loss for the First Half of the Year Slightly Decreases to $2.0 Million

Published: Thu, 08 Aug 2024 | Translated from: bloombergtv.mn

Entrée Resources, a company that holds a mining license in the Oyu Tolgoi project through the "Entrée/Oyu Tolgoi" joint venture, reported an operational loss of $900,000 in the second quarter of 2024, with a total loss of two million dollars for the first half of the year. This signifies a reduction of over $100,000 compared to the same period in 2023.

In terms of operations, the company plans to start the initial development work of "Lift 1" and "Panel 1" on the licensed area of "Shivee Tolgoi" in the fourth quarter of 2024, as stated in the report.

The continuation of surface and underground drilling at the "Hugo North Extension" copper-gold deposit of the "Shivee Tolgoi" project was also highlighted.

Entrée Resources' current priority is to complete the transfer of the "Shivee Tolgoi" and "Javkhlant" mining licenses, owned by its subsidiary in Mongolia, to Oyu Tolgoi LLC.

Infrastructure

In the Capital, 51 School and Kindergarten Buildings Will Be Put Into Operation

Published: Thu, 08 Aug 2024 | Translated from: itoim.mn

We spoke with S. Tsedevsodom, the head of the Capital Investment Department.

What are the notable projects being carried out with the capital's investment?

In the Capital Investment Department, a total of 1,852 projects are being implemented in the education sector with a contract value totaling 658.1 billion MNT. Their execution is progressing at 54 percent. Among them, there are 102 buildings of schools and kindergartens with contract values totaling 614 billion MNT. Additionally, 396 projects are being carried out over multiple years. Among these notable projects are:

School extensions 32,
Kindergarten building extensions 50,
Elementary school and kindergarten complexes 20,
Sports halls 7,
District complexes 12,
Other buildings 46,
Engineering infrastructure work 71,

There are 25 projects of ger district redevelopment being implemented. We are intensifying these works to put them into use in as short a time as possible within the agreed terms of the contracts.

When you say short time, does that mean they will be put into use within this year?

We are working to put a total of 51 school and kindergarten buildings into operation this year. This includes 13 schools and school extensions, 31 kindergartens and kindergarten extensions, and seven elementary school buildings. This will provide learning opportunities for 8,520 school students and 5,660 kindergarten children. It is not possible to specify an exact timeframe for the completion of buildings that are being implemented over multiple years. The commissioning time largely depends on the contractor company. If a good company wins the bid, it is entirely possible to put into use buildings that were planned for two years within one year.

What is the current completion rate of works being carried out with the capital's investment?

For the period of 2023-2024, the average completion rate of the 396 ongoing works is 69 percent, and for the 146 new works being implemented in 2024, the average completion rate is 24 percent.

What projects are being implemented in the energy sector?

In terms of energy projects, additional lighting is being implemented in areas with a deficit in the energy supply in the ger district. Lighting is being added in each district. Moreover, we are carrying out construction and installation work to expand the F800mm main heating pipeline to F1000 in Ulaanbaatar City. This project extends from the southern area of the first khoroolol to the intersection of West 4 roads, covering a span from pavilion 19 to connection 3/11 over 3.4 km. The F800mm pipeline is being expanded along the entire 3.4 km route. This year, we plan to carry out pipeline installation work over 1.6 km of the route. This work began from July 1 due to the timing and is currently at 50 percent completion. Additionally, engineering infrastructure work is underway to solve the water issues for 130 businesses and over 5,000 households in Zaisan. They get their water supply from deep well sources. The work to connect the Zaisan area to the clean water system will be completed within this year.

What major projects are planned for completion in the capital before the end of the year?

A considerable project to be conducted this year is the "Battery Station" funded by securities resources. Simply put, it involves storing energy in batteries and using it during peak demands. The work on the battery station begins this year and will be operational by next year. This month, the budget will be revised. New water and drainage system developments will be constructed. Plans, regulations, and other related work regarding water infrastructure are also being implemented. We oversee work completion and acceptance into use.

Thank you for the interview.

Locations Where Electricity Will Be Restricted Today

Published: Thu, 08 Aug 2024 | Translated from: gogo.mn

In accordance with the schedule for maintenance of electrical lines and equipment, we present the locations where electricity will be restricted today.

To view the maintenance schedule for electrical lines and equipment for August, click HERE.

In accordance with the schedule for maintenance of electrical lines and equipment, we present the locations where electricity will be restricted today.

Ch. Tugsdelger Appointed as the Chief Architect of Ulaanbaatar

Published: Thu, 08 Aug 2024 | Translated from: news.mn

Ch. Tugsdelger has been appointed as the Chief Architect of Ulaanbaatar, announced the Mayor of the city, Kh. Nyambaatar. He emphasized that Tugsdelger represents the "Z" generation.

Ch. Tugsdelger graduated from "Shine Mongol" high school and went on to obtain a master's and doctoral degree from Yokohama National University. He is a researcher in urban planning and public transportation. Specifically, in 2023, he received a doctoral degree in public transportation from Yokohama National University. Previously, he has worked at the Mayor's Office of Ulaanbaatar. He has also worked with major companies in Japan in urban planning and public transportation. Most recently, he worked as an urban planning consultant at the World Bank in Tokyo before accepting an invitation to return to work in his homeland.

The 2040 General Development Plan of Ulaanbaatar is set to be presented to the Parliament in October. Therefore, the mayor expressed his desire to implement the experience and knowledge gained abroad to work on many plans and goals like creating a safe, calm, traffic-jam-free, and air pollution-free environment for citizens.

Ch. Tugsdelger stated, "I have come to dedicate my learned knowledge to change my hometown and correct its mistakes. As a citizen, I believe that young people working together will bring change. I will work diligently and responsibly. Ulaanbaatar city should be citizen-friendly, environmentally friendly, and resilient to natural disasters and safe."

The Capital City Governor's Office Has Moved to a New Building

Published: Thu, 08 Aug 2024 | Translated from: news.mn

As part of efforts to reduce traffic congestion in Ulaanbaatar, a decision was made by the government in 2016 to relocate the Capital City Governor's Office to Yarmag. The Governor's Office has fully relocated to the "New Hangardi" building in Yarmag, as announced by Capital City Governor Kh. Nyambaatar.

He stated that the Capital City Governor's Office has moved to the "New Hangardi" palace in Yarmag. Currently, all departments and agencies under the Governor's Office, except for the Health Department and the Environment Department, have moved to their new location. The aim is to reduce congestion in the city center and eliminate traffic congestion in Yarmag. In 2025, work will begin to expand Yarmag's main road to six lanes with funding from the World Bank. Additionally, according to a mayoral directive, Ch. Tugsdelger has been appointed as the Chief Architect of Ulaanbaatar city. Ch. Tugsdelger has experience in urban planning and public transportation. He has proposed sharing his experience in implementing master plans for Ulaanbaatar city’s development until 2040, which will be submitted to the State Great Khural for approval. He will collaborate on major tasks such as urban expansion, reducing traffic congestion, and eliminating air pollution.

Ulaanbaatar’s Chief Architect Ch. Tugsdelger expressed his commitment to contributing and implementing his experience in changing his hometown and correcting planning errors. He emphasized that the city should adhere to principles that make it human-friendly, accessible, and resilient to natural disasters.

Ch. Tugsdelger is a graduate of "New Mongol" School. He has earned a Doctorate and Master's degree in Urban Development and Public Transportation from Yokohama National University in Japan. He has also worked in the field of urban development and public transportation in Japan.

Introducing: Roads in Rural Areas and Provinces Under Repair

Published: Thu, 08 Aug 2024 | Translated from: news.mn

Due to continuous rainfall during the summer season, damage has occurred to provincial roads, resulting in ongoing complaints from citizens. Traveling on roads that do not meet standards endangers both citizens' property and safety. Some sections of these roads are patched and repaired, but other sections experience subsidence, cracking, and disintegration due to the rain. Therefore, experts emphasize the need to work in a timely manner and allocate budgets and resources accordingly.

In response to the recent heavy damage and failures of roads due to rain and flooding, information is being provided to citizens and drivers traveling on provincial roads regarding some road repair and maintenance activities.

Repair work is ongoing to fix the washed-out verge caused by flooding on the national quality road between Kharkhorin and Tsetserleg, numbered A0602, specifically at the 104-106 km section. Repair efforts are also underway on the road between Elsentasarkhay and Kharkhorin, numbered A0601, at the 345-365 km section, and the Kharkhorin-Tsetserleg road, numbered A0602, at the 0-1 km section due to damage caused by flooding. This includes restoring the damage, reviving the ditches, cleaning the pipes, removing inappropriate materials, and proactively drawing mountain ditches under the supervision of "Kharkhorin AZZA" JSC.

Moreover, on the Ulaanbaatar-Choir road, numbered A0101-A0102, the embankment has been repaired in sections, specifically at the 257-258 km point, and road traffic has been reopened. "Polaris Road Engineering" LLC is responsible for restoring the washed-out sections of the embankment at the 242 km point.

For the road between Darkhan and Erdenet, numbered A1001, restoration is underway at the 55th km and the 60-62 km section, with soil filling and repairing the washed-out parts of the road verge and ditches using mechanical means. This task has been undertaken by "Darkhan AZZA" JSC.

The Ministry of Roads and Transport, the Center for Road Transport Development, and the responsible agencies in related aimags and the local area have received numerous suggestions and complaints from citizens about this issue. They have reported that efforts are being made to complete road repairs in a short time and ensure safe passage for drivers and transporters.

Monos Group LLC - Open Tender Announcement: Selection for Interior Works of a 6,000m2 Sanatorium Project Area

Published: Thu, 08 Aug 2024 | Translated from: ikon.mn

Selection of a Contractor for Interior Works for the 6,000m2 Area of the Monos Group’s Gorkhi Terelj-Sanatorium Project

Interior work of the 4-story Sanatorium building

Materials Required from Participants:

Company introduction (UB certificate, tax, and social insurance statement)
Copy of the special permit certificate
Information on similar past projects executed in the last 3 years
Information about the workforce
Price proposal related to the execution of the work

Material Submission Period:

Applications for participation in the selection can be submitted via email at info@monos.mn, uranbayar@monos.mn from August 1 to August 12.

Warning:

Media organizations (TV, radio, social, and web pages) must cite the source (ikon.mn) when using our information in any form, whether fully or partially.

Road Repair Work on the Road to 22nd Junction to be Completed in September

Published: Thu, 08 Aug 2024 | Translated from: news.mn

The entire 9.3 km road from Monos intersection in Songinokhairkhan District to the circular road leading to the western provinces is being renewed. According to the Capital Road Development Office, the work is currently 70% complete.

Specifically, "The road repair work in Songinokhairkhan District began on April 1, 2024, and will continue until November 31. As part of the renovation work, road repairs and renovations were carried out at two locations in Songinokhairkhan District. The first location was the 2.3 km road from the Military Town north to the Intersection of Tahilt, which has been renewed and put into use. Secondly, the 9.3 km road repair work is on the road to the 22nd junction. Due to the National Grand Festival, the base layer of the road has been paved and opened to traffic. Currently, the installation of stone curbs is 70% complete. Next week, surface paving work will begin on the first section of the road. Therefore, it is expected that road repair work on the road to the 22nd junction will be fully completed by September 1," he said.

37 billion MNT from the Capital Road Fund is being spent on this road renovation work. This year, it was planned to renew roads in 17 locations before the National Grand Festival, and repair and renovation work has been completed in 14 of those locations.

Specifically, renovations have been completed on the Namyangju Street, Amgalan Road, the road on the west side of UBCTC, the road behind Bogd Mountain, the road from Zaisan Intersection to "Bugan Khaliun," the road from Soyoljo to the Sun Road Intersection, the road from the railway north to the Peace Avenue, the Border Patrol Street or the road north of the Police Academy, the road west of the SUIS Intersection, and from Narantuul Market to the Ugumor Market Intersection. Renovations have also been completed on roads in Chingeltei District's 4th micro-district, from Intersection of School No. 5 to University Street.

Society

Citizen Migration Will Stop from the 12th of This Month

Published: Thu, 08 Aug 2024 | Translated from: montsame.mn

According to the schedule for organizing the regular elections of the Provincial, Capital, Soum, and District Citizens' Representative Khurals in 2024, citizen migration will be stopped from August 12 and will resume from October 12.

The Law on Elections of the State Great Khural of Mongolia stipulates that election organization staff, accredited staff, information technology team members, marshals, police officers ensuring the security of polling stations and election activities, candidates' managers, and assistants can transfer voter registration between electoral divisions at least 14 days before the polling day.

However, such regulation does not apply to the elections of the Provincial, Capital, Soum, and District Citizens' Representative Khurals. In other words, migration will not take place from next Monday onwards.

Citizen Missing After Motorboat Accident Being Searched

Published: Thu, 08 Aug 2024 | Translated from: news.mn

Three people were boating in a motorboat on the Shishged River in Renchinlkhümbe sum of Khuvsgul province when they met with an accident. Especially, the boat they were riding capsized, and one citizen went missing.

The location is 300 km north of the provincial center and 100 km north of the sum center.

The search and rescue team from the Khuvsgul province Emergency Management Agency, along with the National Rescue Brigade and family members, began searching for the missing citizen on August 7 at 08:00. A total of five officers, divided into two groups, searched on foot along the southern and northern banks of the river for 1.2 km from the site of the accident. They also conducted a sweep from 2 meters above the water surface using a drone but have so far been unsuccessful. Hence, the search operation restarted today at 08:00.

Additionally, in the 11th Khoroo of Khan-Uul district of the capital, an individual reportedly drowned to the right of the Marshal Bridge. It was reported to the NEMA (National Emergency Management Agency) around 12:00 on August 7, 2024, that a citizen was being swept away by the water currents of the Tuul River. In response to the call, rescue team members from the capital visited the area and commenced the search and rescue operation. As a result of the search, the body of the individual was found trapped in wood and was transferred to the first division of the district police.

With the holiday and travel season ongoing, instances of individuals drowning have increased. Since the beginning of the year, nationwide, there have been 74 registered cases of drowning, resulting in the deaths of 86 people. This includes 67 adults and 19 children.

Therefore:

Do not use non-standard boats or floating devices in rivers and lakes.
Avoid entering rivers or waters under the influence of alcohol and maintain vigilance over companions when traveling or enjoying leisure activities.
Drivers are advised not to cross rivers in unsafe areas, crossings, or walkways, and to ensure the reliability of their vehicles, warned the Emergency Services Agency.

News Digest: Residents of Khan-Uul District to Provide Information on Rusty Water and Waste Pipes

Published: Thu, 08 Aug 2024 | Translated from: news.mn

10:30 AM:

At the Armed Forces Training Center in Tavantolgoi: The closing ceremony of the international peace support exercise "Khaan Quest-2024" will take place. Contact: 8510-0098, 9979-5099, 8912-5099.

11:00 AM:

Ministry of Construction and Urban Development, and Capital City Inspection Agency will inspect the quality of cement and provide on-site information at the 44th market of building materials. Contact: 9507-1740, 9999-4426.

11:30 AM:

At the "ZM" information center: Residents of Khan-Uul District will provide information on the impact of rusty water and waste pipes on their lives, health, and safety.

2:00 PM:

At the "Mongolian Truth" newspaper building: Information on "Children's Fashion Week" in South Korea will be provided by the Capital City Child and Family Development and Protection Department and the "Little Miss" international children's organization. Contact: 9919-5752.

A Citizen Drowned in Tuul River

Published: Thu, 08 Aug 2024 | Translated from: itoim.mn

The emergency services have reported a case of drowning in the Tuul River.

Specifically, a call was received at 11:58 AM yesterday reporting that a person was drowning and being carried away by the current in the Tuul River on the west side of the Marshal Bridge in the 11th subdistrict of Khan-Uul district, Ulaanbaatar city.

Following the call, members of the City Rescue Unit traveled 15 km and arrived at the site at 12:23 PM. They began the search operation for a 29-year-old woman identified as citizen B, and they found her body stuck on a tree 1 km to the west from the Marshal Bridge by 3:50 PM. Her body was then handed over to the 1st district police department.

Other citizens are warned to remain vigilant and take precautions against potential water-related dangers.

The Forensic Examination Report Will Be Released Within 14-21 Days

Published: Thu, 08 Aug 2024 | Translated from: news.mn

The 21-year-old male detainee O, who was being held in the 461st prison under the General Executive Agency of Court Decisions, passed away on July 23, 2024. In connection with this case, the deceased's sister and police officers made statements alleging that he was beaten and tortured.

The issue is being investigated by the Investigative Department of the Anti-Corruption Agency to determine whether human rights were violated or if any harm was done to health, as stated by Deputy Head of the Investigation Department, Colonel B. Batdelger, on July 25.

When asked about the progress of the investigation, the ACA responded that they could not provide information without the prosecutor's permission.

The victim O had been detained in the 461st prison since April of this year. During his detention, starting July 12, he was being treated in the prison hospital for health reasons and passed away while being treated at the National Third Hospital on July 22 after his condition worsened. The police reported that he died with a preliminary medical diagnosis of acute pancreatitis caused by gallbladder issues, septic shock, and a respiratory distress syndrome.

The police department stated on the 25th of last month that a forensic doctor had been appointed to re-investigate the cause of death.

Regarding the forensic examination report, the police department stated that the conclusion to determine the cause of death will be available within 14-21 days, depending on the conditions and scope of the examination.

BULGAN: "AIRAG FESTIVAL-2024" to be held in two days

Published: Thu, 08 Aug 2024 | Translated from: montsame.mn

The biggest celebration of the 'Airag' culture, registered as an intangible cultural heritage of humanity at UNESCO representing Mongolia, "AIRAG FESTIVAL-2024" will be held on August 10 and 11, 2024, at "Dondog's Spring" in Khutag-Undur district, Bulgan province.

The event is primarily organized by the Governor's Office of Bulgan province, with the Ministry of Culture, Sports, Tourism, and Youth, the Governor's Office of Orkhon province, and the Mongolian National Commission for UNESCO, who have already started preparing for the organization.

This year, "AIRAG FESTIVAL-2024" is being organized for the 15th time, continuing to expand each year, attracting both local and foreign tourists. Along with promoting horse culture and nomadic lifestyle, it serves as a significant opportunity for herders to sell their fermented mare's milk products and support their income.

Environment

The Resolution to Prepare the Agricultural Sector for the 2024-2025 Winter and Spring Seasons Adopted

Published: Thu, 08 Aug 2024 | Translated from: gogo.mn

Detailed forecasts of harvest balances were made for each type, and relevant officials were tasked with ensuring full preparation of manpower and technical organization for harvest operations.

In a government meeting, the resolution of the Government of Mongolia on preparing the agricultural sector for the 2024-2025 winter and spring seasons was approved.

Within the scope of the resolution, special attention was urged to ensure sufficient wheat reserves, to procure and prevent shortages of petroleum products and fuel, and to hastily implement all necessary measures.

Additionally:

Rapid organization of preparations for livestock fodder and feedstock reserves,
Detailed forecasts of harvest balances for each type and to ensure full preparation of manpower and technical organization for harvest operations,
Establish a realistic map of snow and dzud risk based on weather forecasts to warn of dangerous and disastrous meteorological events,
Bring livestock into economic circulation and sell raw materials through the Agricultural Exchange,
Do not implement any measures that limit the prices of agricultural products,
Facilitate the introduction of meat, meat products, natural hay, feed, and fertilizers,
Increase the number of ports,
Prevent road closures and slippery conditions from forming,
Provide timely health services,
Rapidly organize activities such as accommodating children of nomadic herders in kindergartens and general education schools without regard to jurisdiction, and providing dormitory accommodations.

Relevant government ministers and agency heads were instructed to carry out these tasks.

In Some Areas, Torrential Rain Accompanied by Thunderstorms Will Occur

Published: Thu, 08 Aug 2024 | Translated from: gogo.mn

Today, in the southwestern region of the Gobi zone, on the 9th in the central and Gobi provinces, and on the 10th in the eastern half of the country, continuous heavy rain, accompanied by thunderstorms, will occur. Therefore, it is emphasized to be cautious of lightning, strong winds, flash floods, and flood dangers.

Innovation

16 Public and 45 Private Universities and Colleges Will Operate

Published: Thu, 08 Aug 2024 | Translated from: news.mn

In the field of higher education, during the last academic year, 33 universities, 30 colleges, and one college operated, with a total of 145,345 students enrolled. The activities were directed and guided by 5,112 teachers, while 6,552 staff and employees worked, according to the General Education Agency.

Out of all the universities, colleges, and institutes, 16 are state-owned, 45 are privately-owned, and three are community/religious educational institutions.

55.1% of all university and college students, or 80,133, studied at state institutions, 39.4% or 57,258 at private institutions, and 5.5% or 7,954 at community/religious schools.

In the last academic year in higher education:

Arrangements were made to include 998 students who cannot afford health insurance premiums, including semi-orphaned and special needs students, in a preventive health package examination at the State Second Central Hospital, and so far 236 students have been included.
A total of 1,126 students with special needs attended higher educational institutions, out of which 104 were students with hearing impairments. The "Note Keeper" service was implemented to support students with hearing difficulties.
In March, April, and May 2024, in cooperation with the General Police Department, the "STUDENT" event was organized in 25 universities and colleges, involving 10,147 students across 70 trainings aimed at encouraging teenagers and students to adopt healthy habits and prevent harmful behaviors such as smoking and drug abuse, and provide them with knowledge about cultural abstinence from harmful habits, the dangers of substance abuse, and legal responsibilities.
This academic year, plans are underway to include students from local universities in this event.
The organization of ordering, issuing, and distributing the "U-Money" electronic payment card for discounted public transport for all full-time university students, other tertiary students, and vocational training students through the E-student section of the E-Mongolia platform was carried out in cooperation with I-Mongolia and "Ulaanbaatar Smart Card" LLC, with 22,636 students from 65 universities ordering cards, of which 16,581 were newly issued cards, and 5,672 were replacements for lost or misplaced cards. This regulation will remain in place during the 2024-2025 academic year.

Appointing Ch. Tugsdelger, a Representative of Generation Z, as the Chief Architect of the City

Published: Thu, 08 Aug 2024 | Translated from: itoim.mn

For the first time, a representative of the younger generation has been appointed as the Chief Architect of Ulaanbaatar. Specifically, Ch. Tugsdelger, who obtained a doctorate in public transportation in Japan, was appointed today by the mayor of the capital.

Mayor H. Nyambaatar stated: "The UB City Administration has fully moved to our new Hangardi Palace located in Yarmag today. Currently, two agencies have not yet moved."

Let me introduce someone. This person is Ch. Tugsdelger, a representative of Generation Z. Today, she has been appointed as the Chief Architect of Ulaanbaatar by the mayor's decree. Tugsdelger is a researcher who graduated from the New Mongol school and earned her master's and doctoral degrees in urban planning and public transportation at Yokohama National University. She previously worked at the UB City Administration and has experience working in major Japanese companies in the field of public transportation.

Ulaanbaatar's Chief Architect Ch. Tugsdelger stated: "I returned to Mongolia to change my hometown and correct its mistakes using my knowledge. I believe that young people in leadership positions can bring about change. I will take this job responsibly and persistently. The city should be friendly and accessible to its people, designed for its citizens. Moreover, we will develop everything based on public transportation."

B. Anar: Orchlon International School Successfully Obtains Additional Authorization to Become a Cambridge Program Digital School

Published: Thu, 08 Aug 2024 | Translated from: itoim.mn

The Cambridge program is an internationally recognized general education program implemented in over 10,000 schools in approximately 160 countries and is accepted by the world’s leading universities. Orchlon International School Complex has been the first school in Mongolia to integrate this program with the National curriculum since 2008. The Cambridge digital program is successfully implemented in 56 schools across 15 countries. By securing this authorization, Orchlon School becomes the first Cambridge digital school not only in Mongolia but also in the Asia-Pacific region.

To discuss this further, we invited B. Anar, the Executive Director of Orchlon International School Complex, for an interview.

Why did you choose to implement this digital program? What advantages does this program have?
Current students will work and live in a rapidly evolving technological era 10-20 years from now. Therefore, aligning with technology early on will directly impact their future competitiveness and provide numerous advantages.

The Cambridge program is advantageous because it provides deep, comprehensive knowledge and develops multiple skills. For example, it cultivates the ability to view important global issues from various perspectives, work collaboratively and independently, and apply knowledge in different contexts. By learning digitally, students can engage in personalized programs without geographical or time constraints.

Accessibility: Allows for learning through an international program regardless of location and time.
Globally recognized: Studying an official program domestically and obtaining a Cambridge certificate increases opportunities for admission to foreign universities.
Tailored to the individual: Students can join programs suited to their learning styles and pace.
How will teachers conduct their lessons? How will performance be evaluated?
The digital program’s teaching activities are carried out in two main formats.
On the Learning Experience Platform (LXP), there will be recorded interactive lessons and assessment resources prepared by Mongolian and international experienced teachers.
A small group of students will collaborate to form a group and participate in live digital lessons with their teacher to deepen understanding and learn together.
There will be a 1:1 "Success Coach" or mentor to guide and support successful learning, meeting weekly for necessary guidance and advice. In addition to the Success Coach, students can have individual meetings with psychological counselors and college admission advisors.

Learning outcomes will be evaluated by:

Analyzing learning progress data and performance on the digital learning platform through artificial intelligence to deliver lessons tailored to each student’s unique needs and characteristics.
Furthermore, since the Cambridge program is officially implemented in the digital school, IGCSE and AS-level exams will be organized at the official center, Orchlon School. Successfully tested students will be eligible to receive the official Cambridge certificate.
How can one enroll in Orchlon digital school? What criteria must a prospective student meet?
Prospective students wishing to enroll in Orchlon digital school must be in the 9th or 11th grade of state or non-state general education schools. Additionally, they must have the capability to learn independently online, handle workload, and possess a strong will to pursue international programs, along with advanced knowledge in science and English.

The enrollment steps include:

Accessing the online link, answering the enrollment registration questions, and submitting a brief introduction.
Taking an online entrance exam lasting 20-50 minutes, designed according to international standards.
Arranging an online meeting with the student, parents, and guardians.
Establishing a tuition agreement signed by the three parties (school, parent/guardian, student).

For more detailed information or to submit an enrollment application, please visit our website at https://digital.orchlon.mn/.

A SUPER GIFT FOR YOURSELF: Samsung Galaxy Z Flip6, Z Fold6

Published: Thu, 08 Aug 2024 | Translated from: gogo.mn

The new revolution in foldable phones, Samsung Galaxy Z Flip6 and Z Fold6, has started selling at Mobicom. If you're looking to upgrade your phone and reward yourself but are unsure which model to choose, we are here to help. Choose a mobile phone that suits your needs and purchase it with an INTEREST-FREE loan from Mobicom.

Advantages of Z Flip6:

The Z Flip6 model is compact and comes in unique color options such as yellow, blue, mint green, and classic gray.

Moreover, it allows for numerous advanced functions using artificial intelligence without needing to unfold your phone, such as replying to messages and emails, voice control, and adding various effects to your screen pictures.

The main camera has a 50MP resolution with up to 10X zoom capability, and it features a Flex camera that allows you to take photos and videos hands-free.

Advantages of Z Fold6:

The Z Fold6 model is thinner and lighter than before, weighing 239 grams and measuring 5.6mm.

This phone features a wide screen that allows multiple tasks to be performed simultaneously without lag. It combines many functions based on artificial intelligence to simplify productivity and creativity, such as voice control, even distinguishing conversations of up to 10 different people in a meeting, and the S pen, which can transform scribbles into artistic illustrations as one of its main features.

Additionally, with 2600 nits brightness, it has automatic color adjustment, making the display visible even in bright sunlight.

In August, everyone who buys a Galaxy Z Flip6 will receive a Samsung Galaxy Tab A9 (64GB), and those who purchase a Z Fold6 will get a Samsung Galaxy Tab A9 (128GB) as a gift. If the main screen is damaged or broken within 12 months of purchase, it can be replaced at a discounted price at Mobicom's authorized repair centers.

By trading in old Samsung Galaxy S22, 23 series and Z Flip 4, 5, Z Fold 4, 5 models, you can get a refund of 650,000-850,000 tugriks when buying a new Z Flip6 or Z Fold6 model.

Health

The Ministry of Health is Implementing Urgent Measures at All Levels to Combat Measles

Published: Thu, 08 Aug 2024 | Translated from: unuudur.mn

The Ministry of Health organized an online training session to provide information on the current situation of measles cases in Mongolia and the response measures being taken and required. The training was led by State Secretary D. Ochirbat and included over 800 doctors and medical experts from the capital and regional health centers.

Since the first domestic case was confirmed on July 31 of this year, there have been two imported and two domestic cases recorded. Therefore, the Ministry of Health is implementing urgent measures at all levels.

During the training, B. Tuya, the head of the USKH of NEMA, discussed "Issues to Consider in Case Identification," J. Nyamsuren, the head of the HÖTSAN of HÖSÜT, addressed "Surveillance Activities," and O. Dashpagam, head of the Immunization Department of HÖSÜT, spoke about immunization registration.

In addition, S. Önörsaikhan, Director General of NEMÜT, provided information on "Risk Communication and Considerations," while B. Bumdelger, NLA Director of HÖSÜT, talked about "Laboratory Testing, Sampling, Preservation, and Transportation."

Furthermore, guidelines for immediate measures when suspected measles cases arise in health centers, providing preventive Vitamin A doses to pregnant women, and providing preventive Vitamin A doses to children were given by the chief specialist of the Obstetrics and Gynecology Department D. Mönkhtsetseg, and the Quality Department head A. Oyunchimig of the EHEMÜT, respectively.

Recommendations for handling mild, moderate, and severe cases of measles with home care were provided by U. Tsevegmid, the Deputy Director of Treatment at ENEÜT. Officials discussed future actions with doctors and medical practitioners to combat the disease.

Proposal to Establish a Health Representative Office in South Korea Submitted

Published: Thu, 08 Aug 2024 | Translated from: gogo.mn

Member of Parliament and Minister of Health T. Mönkhsaikhan held a meeting with Mr. Choi Jin Won, the Extraordinary and Plenipotentiary Ambassador from the Republic of Korea to Mongolia, and related officials.

The Minister introduced measures being implemented in stages to address the quality and pricing issues of drugs in Mongolia and expressed interest in establishing direct procurement channels with major pharmaceutical manufacturers from South Korea. South Korea is one of the countries with an authorized regulatory body recognized by the World Health Organization.

Furthermore, the proposal was made to the Ambassador to establish a Health Representative Office in South Korea to support the resolution of difficulties faced by citizens in obtaining medical services there and to manage pharmaceutical imports.

Ambassador Choi Jin Won expressed his willingness to work diligently towards implementing the proposal and to expand cooperation in the healthcare sector, including training Mongolian medical professionals in South Korea, supplying high-quality drugs from South Korea to Mongolia, and localizing pharmaceutical manufacturing standards.

Source: Ministry of Health

New Surgical Technology for Hemorrhoid Treatment to be Introduced in Mongolia

Published: Thu, 08 Aug 2024 | Translated from: unuudur.mn

The launch event of the "PRO-GEN" project, which aims to implement and localize a high-frequency radio wave cautery technology for hemorrhoid treatment in Mongolia, supported by South Korea's "Korea Pharma" company, was held today at the National First Central Hospital and the Mongolian-Japanese Training Hospital of MNUMS.

The inauguration ceremony was attended by P. Ankhtuya, Deputy Director responsible for Training, Research, and Innovation at the National First Central Hospital; M. Adilsaikhan, Director of the Mongolian-Japanese Training Hospital of MNUMS and Doctor of Medicine; B. Burmaa, CEO, General Practitioner, and Clinical Professor of "Korea Pharma" LLC; J. Gantsolmon, General Surgeon at the Department of Colory Problems of the National First Central Hospital and Clinical Professor; and P. Bat-Ireedui, Radiologist at the Mongolian-Japanese Training Hospital of MNUMS.

The "Pro-Gen” project will be carried out over two years at the National First Central Hospital and the Mongolian-Japanese Training Hospital, funded by "Korea Pharma" LLC. The high-frequency radio wave method to treat hemorrhoids is one of the most advanced treatment methods in the world and is currently used in the United States and European countries.

The uniqueness of this project lies in the introduction and localization of this treatment method for the first time in Asia, especially in our country.

DORNOD: Meeting with Doctors from Busan University

Published: Thu, 08 Aug 2024 | Translated from: montsame.mn

The leadership of Dornod Province met with representatives of the doctors from Busan University.

Last month, a remote diagnostics center of Busan University Hospital was opened at the local provincial hospital (BOET). In this center, besides diagnosis and treatment services, there is now an opportunity to directly communicate with the university's doctors for consultation during surgeries. During the aforementioned meeting, proposals were exchanged to expand future cooperation, provide training for doctors, exchange experiences, continue projects offering free diagnostics at the newly established remote diagnostics center, and enable citizens to receive services for 200,000 won, or over 500,000 MNT. Additionally, it was discussed to send patients in need of further diagnosis to this hospital for treatment.

Furthermore, it was decided to collaborate in training the leadership of Dornod Province's healthcare sector in the medical services, management practices, and experiences of South Korea.

Last year, four doctors from BOET successfully completed their studies at Busan University's hospital in Busan City.

Things You Need to Know About Hypertension

Published: Thu, 08 Aug 2024 | Translated from: news.mn

In simple terms, the disease known as hypertension is a cause of many serious illnesses, which is something people are not fully aware of. Ignoring high blood pressure can lead to brain strokes, heart failure, and heart attacks, and in recent years it has been rapidly increasing among populations in both urban and rural areas, prompting warnings from health professionals.

To prevent hypertension, increase public awareness, and encourage medical examinations and diagnoses, Khan Bank's social responsibility division, Khan Bank Foundation, School Clinic No. III, National Center for Public Health, and National Broadcasting of Mongolia have been implementing the "Campaign Against Hypertension" for the 8th consecutive year. From July 29 to August 2, the campaign team worked in Dornod and Sukhbaatar provinces, providing specialized examinations to 2,174 individuals and early screening, prevention, and health information to 7,026 individuals.

"I just discovered that fatigue and stress are linked to hypertension."

Batttömör Ö., a 61-year-old citizen of Sukhbaatar province, is a high-risk hypertension patient who also has partial paralysis from a stroke. He shared his thoughts on this campaign: "When I was first diagnosed with high blood pressure, I didn't realize how it would affect me. After ignoring my condition for many years, I suddenly suffered a partial stroke two years ago, drastically changing my life. Now the left side of my body remains numb. I'm grateful to participate in this campaign, undergo health checks, and receive advice from doctors. I increasingly understand the need to pay attention to my health and change my lifestyle for myself and my children."

Badamhand L., a 68-year-old citizen of Dornod province, learned that her deteriorating vision was caused by hypertension through this campaign's examination process. She said, "Last spring, my vision suddenly deteriorated, and everything appeared blurred. I hadn't realized it was due to hypertension. Doctors advised me to adjust my diet, exercise regularly, and take my medication on time to improve my condition. I'm following their advice and have decided to change my lifestyle. I hope this campaign reaches many people."

Jargalagsh L., 53, often experienced headaches due to high blood pressure. She said, "I've been dealing with headaches for several years. I thought they were just due to fatigue and stress, but after joining this campaign and undergoing an examination, I discovered it was due to hypertension."

"Let's Prevent Hypertension Through Exercise and a Balanced Diet"

The deputy director of the School Clinic No. III, O. Batgerel, provided the following advice for those dealing with hypertension or aiming to prevent it:

Exercise: Regular physical activity helps reduce blood pressure and improve cardiovascular health. It is recommended to walk or engage in moderate exercise for at least 30 minutes daily.
Healthy Eating: A balanced diet is crucial for controlling blood pressure. It is recommended to choose foods low in salt and rich in nutrients, such as fruits, vegetables, whole grains, low-fat dairy products, and lean meats.
Healthy Lifestyle: Limiting smoking and alcohol consumption is necessary as these are major contributing factors to high blood pressure. Balance between work and rest, and managing stress is also important.
Following Doctor's Instructions: It is important to follow doctor's advice and attend regular check-ups to manage hypertension. Taking medication on time and conducting required examinations regularly is critical to prevent complications.

"Excessive Salt Consumption Contributes to Hypertension"

H. Byambasuren, a specialist at the National Center for Public Health, said, "The amount of salt Mongolians consume daily exceeds the WHO's recommendations and is a concern. High salt intake is one of the main causes of hypertension. Salt leads to fluid retention, increases vascular pressure, and consequently elevates the heart's workload, increasing the risk of hypertension."

The "Campaign Against Hypertension" has so far conducted examinations and diagnoses for about 50,000 people in 19 provinces over the past eight years and will continue in Khentii and Govi-Sümber provinces from August 19-23, 2024. The goal is to reach all provinces in Mongolia successfully.

Citizens, participate actively in health examinations to keep yourself and your loved ones healthy. Prioritizing and preventing your health is your most valuable investment.

How to Monitor and Protect Your Health After Enjoying Hearty Meat Dishes While Travelling and Celebrating?

Published: Thu, 08 Aug 2024 | Translated from: gogo.mn

The festival and travel season is not over yet. During the summer, Mongolians tend to consume more grilled and fried meat dishes such as horhog and boodog, and they often follow these meals with cold water, carbonated drinks, and alcoholic beverages, which can disturb the stomach and cause digestive tract diseases. Here, Dr. B. Misheel from the Comprehensive Examination Department of UB Songdo Hospital provides advice on how to monitor and protect your health during this time.

What check-ups and tests are most suitable for people to monitor their health during the holiday and travel season?
UB Songdo Hospital offers a variety of preventive health examination packages to its clients. I would like to particularly introduce the "Post-Festival Digestive System Package." During the travel season, Mongolians commonly consume heavy dishes with a lot of meat, grilled or fried. This unhealthy eating habit leads to an increase in digestive tract disorders during this time.
What tests are included in the Digestive System Package?
The Digestive System Package, which is suitable for after holidays and travels, includes blood tests, tests for liver and kidney function, pancreatic enzymes, liver virus testing, stomach endoscopy, abdominal ultrasound, chest X-rays, and an electrocardiogram. By undergoing these tests, the initial stage of diseases in the digestive system can be detected, and if any abnormality is found, it can be diagnosed and treated early.

If the client desires, more detailed tests can be conducted. There are package options available for stomach and colon endoscopy diagnostics and abdominal CT scans with contrast agents. By undergoing these tests, the initial stage of diseases in the digestive system can be detected, and if any abnormality is found, it can be diagnosed and treated early.

What health disorders can result from commonly consumed grilled and fried meat dishes, horhog, boodog, etc., during the summer?
It is wrong to drink cold water, carbonated drinks, or alcohol after eating heavy, fatty meat dishes like grilled and fried meats, horhog, boodog, etc. As a result, common symptoms of the digestive tract, such as bloating, abdominal distention, pain, poor digestion, nausea, vomiting, diarrhea, and loose stools may appear. In these cases, it is more appropriate to undergo the Digestive System Package tests.

Due to heavy diets and unhealthy habits, there is a risk of developing digestive disorders, liver inflammation, acute pancreatitis, and acute inflammation of the gallbladder. Those with gallstones are more likely to experience sudden disease if they consume a heavy meal or if their eating pattern is disrupted. To prevent these diseases, proper diet is crucial. By undergoing these tests, the initial stage of diseases in the digestive system can be detected, and if any abnormality is found, it can be diagnosed and treated early.

When dietary habits are disrupted, people of any age, young or old, are at risk of developing the aforementioned disorders. Therefore, avoid consuming too much fatty food in one sitting, eat small amounts frequently, and also consume light foods like fruits and vegetables. Additionally, it is advised to avoid drinking cold drinks immediately after meals and to moderate the consumption of sour milk, fermented drinks, and mare's milk.

Things You Need to Know About High Blood Pressure

Published: Thu, 08 Aug 2024 | Translated from: itoim.mn

In simple terms, the condition known as "high blood pressure" is the cause of many serious illnesses that people are not well aware of. Ignoring high blood pressure is a major cause of strokes, heart failure, and heart attacks, and in recent years, it has been rapidly increasing not only in urban areas but also among the rural population, according to medical experts.

Therefore, to prevent high blood pressure, involve citizens in medical screenings, and provide knowledge and information, KHAN Bank's social responsibility initiative, KHAN Bank Foundation, the State III Central Hospital, the National Center for Public Health, and MNB are jointly implementing the "Campaign Against High Blood Pressure" for the 8th consecutive year. From July 29 to August 2 of last year, the campaign team worked in Dornod and Sukhbaatar provinces, providing specialist examinations to a total of 2174 residents and early detection and prevention education to 7026 people.

Citizen of Sukhbaatar province, 61-year-old O. Battumur, is a high-risk patient with high blood pressure and has had a minor stroke. He shared his thoughts on the campaign. "When I was first diagnosed with high blood pressure, I didn't realize how this condition would affect me. After years of ignoring my illness, two years ago, I suddenly had a minor stroke, and my life changed drastically. Even now, the left side of my body is numb. However, participating in this campaign and receiving health examinations and advice from doctors makes me happy. I increasingly understand that I need to pay attention to my health and change my lifestyle for myself and my children."

Citizen of Dornod province, 68-year-old L. Badamkhand, learned during the campaign's examination that her deteriorating eyesight was due to high blood pressure. She said, "Last spring, my vision suddenly worsened, and I began seeing things blurry. I never imagined it was due to high blood pressure. The doctors advised me to improve the situation by following a diet, exercising regularly, and taking my medication on time. I decided to follow the advice and change my lifestyle. I hope this campaign reaches many people."

53-year-old Yo. Tsendsuren often had headaches due to high blood pressure. "For the last few years, I have been struggling with headaches. I thought they were just due to fatigue and stress, but participating in this campaign and getting examined, I found out they were due to high blood pressure," she said.

Deputy Director of the State III Central Hospital, O. Batgerel, provided the following advice for those with high blood pressure and those seeking to prevent it:

Exercise: Regular exercise helps reduce blood pressure and improve cardiovascular health. It is recommended to walk for at least 30 minutes daily and engage in light to moderate exercise.
Proper nutrition: Healthy eating plays a crucial role in controlling blood pressure. It is important to choose foods that are low in salt and rich in nutrients. Foods like fruits, vegetables, whole grains, low-fat dairy products, and lean meats and fish are recommended.
Healthy lifestyle: It is necessary to limit smoking and alcohol consumption, as they are major causes of high blood pressure. Balancing work and rest and managing stress are also important.
Follow doctor's instructions: To control high blood pressure, it is important to follow the doctor's advice and undergo regular check-ups and tests. Taking prescribed medication on time and undergoing necessary tests regularly helps prevent complications of the disease.

Expert H. Byambasuren from the National Center for Public Health stated, "The amount of salt consumed in the daily diet of Mongolians is higher than the WHO's recommendations, which is a matter of concern. High salt intake is considered one of the main causes of high blood pressure. Salt causes water retention in the body, increases blood vessel pressure, and ultimately raises the risk of high blood pressure by increasing the heart's workload."

Over the past 8 years, the "Campaign Against High Blood Pressure" has provided examinations and diagnoses to approximately 50,000 residents from 19 provinces, and it will continue in Khentii and Govi-Altai provinces from August 19-23, 2024. With successful implementation in these provinces, the campaign aims to reach all provinces of Mongolia.

Citizens, actively participate in health check-ups to keep yourself and your loved ones healthy. Taking time for health and prevention is the most valuable investment you can make.

Sports

Paris 2024: Three Mongolian Wrestlers to Compete Today

Published: Thu, 08 Aug 2024 | Translated from: itoim.mn

The 33rd Summer Sports Games are continuing on their 12th day. During these days, our freestyle wrestlers are competing in the Olympic matches. Last night, in the women's 50 kg category, honored athlete D. Otgonjargal competed for a bronze medal but was defeated. She lost to China's Feng Ziqi with a score of 4:6. Previously, the two wrestlers had met twice, with our athlete losing both times, and she aimed to avenge her defeats on the Olympic mat but did not succeed.

Today, our three wrestlers are scheduled to compete. Specifically, in the women's 53 kg category, international master B. Khulan has a classification match. Her opponent is Dominic Parrish, an American athlete and world champion. The two wrestlers met at the 2022 World Championships, where our athlete lost. B. Khulan is seeking revenge on the Olympic mat. The match will begin at 17:00 Ulaanbaatar time. If she wins, she will compete against Pan Qianyu from China, the silver medalist of the Tokyo 2020 Games, for the bronze medal at 00:15.

In the women's 57 kg category, international master B. Khongorzul has drawn China's wrestler Keshin Hung in the first round. If victorious, she will face the winner of Niger and Algeria wrestlers.

In the men's 86 kg category, international master B. Bat-Erdene will wrestle against Osman Nurmagomedov from Azerbaijan, a World Championship silver and bronze medalist. If he wins, he will progress to the second round to face the winner of San Marino and Ukrainian wrestlers. The matches in the above two categories will commence at 18:00 Ulaanbaatar time. Our two athletes have drawn favorable match-ups that could lead them to medal contention if they win against their initial opponents.

Today's Stories

Politics

Economy

Infrastructure

Society

Environment

Innovation

Health

Sports

Politics

Introducing: New Appointments of the New Leaders

Economy

ERC: Electricity and Heating Bills Will Increase

The Drop in Coal Prices Poses Risks to the Economy

Foreign Trade Surplus of $2.9 Billion Achieved in January-July

Import of Wheat Flour Increased Almost 13 Times in the First Seven Months of 2024 Compared to the Same Period Last Year

Inspection Reveals Imported Cement Without Origin and Quality Certificates

Foreign Trade Surplus Reaches $2.9 Billion in January-July

Mongolians Imported Over 68,000 Cars in 7 Months

Mortgage Loan Increase Stimulates Housing Price Growth

Economist O. Batchuluun: Where Will the Global Stock Market Fluctuations Lead?

Mortgage Loan Issuance Increased by 60% | News.MN

A New Concept Store Offering Solutions in Beauty

Entrée Resources' Loss for the First Half of the Year Slightly Decreases to $2.0 Million

Infrastructure

In the Capital, 51 School and Kindergarten Buildings Will Be Put Into Operation

Locations Where Electricity Will Be Restricted Today

Ch. Tugsdelger Appointed as the Chief Architect of Ulaanbaatar

The Capital City Governor's Office Has Moved to a New Building

Introducing: Roads in Rural Areas and Provinces Under Repair

Monos Group LLC - Open Tender Announcement: Selection for Interior Works of a 6,000m2 Sanatorium Project Area

Road Repair Work on the Road to 22nd Junction to be Completed in September

Society

Citizen Migration Will Stop from the 12th of This Month

Citizen Missing After Motorboat Accident Being Searched

News Digest: Residents of Khan-Uul District to Provide Information on Rusty Water and Waste Pipes

A Citizen Drowned in Tuul River

The Forensic Examination Report Will Be Released Within 14-21 Days

BULGAN: "AIRAG FESTIVAL-2024" to be held in two days

Environment

The Resolution to Prepare the Agricultural Sector for the 2024-2025 Winter and Spring Seasons Adopted

In Some Areas, Torrential Rain Accompanied by Thunderstorms Will Occur

Innovation

16 Public and 45 Private Universities and Colleges Will Operate

Appointing Ch. Tugsdelger, a Representative of Generation Z, as the Chief Architect of the City

B. Anar: Orchlon International School Successfully Obtains Additional Authorization to Become a Cambridge Program Digital School

A SUPER GIFT FOR YOURSELF: Samsung Galaxy Z Flip6, Z Fold6

Health

The Ministry of Health is Implementing Urgent Measures at All Levels to Combat Measles

Proposal to Establish a Health Representative Office in South Korea Submitted

New Surgical Technology for Hemorrhoid Treatment to be Introduced in Mongolia

DORNOD: Meeting with Doctors from Busan University

Things You Need to Know About Hypertension

How to Monitor and Protect Your Health After Enjoying Hearty Meat Dishes While Travelling and Celebrating?

Things You Need to Know About High Blood Pressure

Sports

Paris 2024: Three Mongolian Wrestlers to Compete Today

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