Feb 7, 2025 64 min read Daily News Summaries

Mongolia News Summary for February 07, 2025

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

Today's Stories

Politics

TODAY: Meeting on Tax Law Reforms

Published: 2025-02-06 | Translated from: montsame.mn

Ulaanbaatar Overview of today's events: 11:00 AM: A memorandum of understanding will be signed by the "Mongolian National Drone Association" NGO in collaboration with the National Association of Science and Technology Education of South Korea at the General Executive Agency of Court Decisions. 11:00 AM: A meeting on tax law reforms will take place in the conference hall of the Federation of Mongolian Trade Unions. Contact: 9511538010. 1:00 PM, 2:00-4:00 PM: The leadership of the Executive Office of the MPP Steering Committee, representatives of MPP-elected members of the State Great Khural, and the general public will gather at the Independence Palace for the "Let's Listen to Our Citizens" meeting. The exhibition "Portraits in Mongolian Visual Arts in the Early 21st Century" will open at the Mongolian National Modern Art Gallery. The exhibition will run until February 15. Artist R. Bayasgalan's "Hunnu Mongolian Chess of Artistry" exhibition will continue until March 12 at the Chinggis Khan National Museum. Applications for tax deductions for citizens who have purchased housing for the first time and students seeking educational fee discounts at domestic and foreign universities are being accepted from January 1 at the General Department of Taxation. Registration for nominees for the "Silver Tree-2025" Best in Arts and Culture Awards is ongoing from the 3rd to the 7th of this month. The "How are you?" exhibition and fair will continue at Soyol Mall and Ikh Nayad Trade Center until the 27th of this month. In local news: The 2025 Youth Provincial Championships of Zavkhan aimag started on the 1st of this month in Uliastai, featuring 16 events. These competitions will continue according to the schedule until June 1. Abroad: The first intergovernmental meeting between Mongolia and Uzbekistan will be held today and tomorrow in Tashkent, Uzbekistan. An exhibition on the Mongolian language and script will be organized in Taipei, Seoul, and Tokyo from the 15th of this month to February 25.

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Published: 2025-02-06 | Translated from: ikon.mn

At 10:00 AM at the Independence Palace, there will be a meeting titled "Let's Listen to the Citizens." Leaders of the Executive Office of the MPP's Governing Council and representatives of MPs elected from the MPP will receive suggestions and feedback from citizens, the public, and party members. At 11:00 AM at the headquarters of the Confederation of Mongolian Trade Unions (MCTU), there will be a discussion related to the tax package reform. Notice: Media organizations (Television, Radio, Social and Web pages) must cite the source (ikon.mn) whenever using our information in any form, fully or partially.

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J. Batts has been appointed as the Government's Plenipotentiary Representative

Published: 2025-02-06 | Translated from: isee.mn

Former Member of Parliament J. Batts was appointed as the Government's Plenipotentiary Representative to negotiate the state's ownership percentage of strategically important deposits. When inquired about this, he simply stated, "The appointment has been made." Regarding this, he further noted: "I am appointed as the Government's Plenipotentiary Representative to enrich the Wealth Fund, increase the Wealth Fund's profit and income, and negotiate the state's ownership percentage of strategically important deposits. In short, I am tasked with returning lost wealth to our people." Additionally, he, along with the founding members of the SCHNE party, restored his membership in the Democratic Party before the 2024 Parliamentary elections.

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J. Batzandan Appointed as Plenipotentiary Representative by the Government

Published: 2025-02-06 | Translated from: gogo.mn

Former member of the State Great Khural, J. Batzandan, has been appointed as a plenipotentiary representative of the government to increase the wealth of the Wealth Fund, enhance its profits, and negotiate the percentage of state ownership in strategically important deposits. The decision was made at a government meeting. Therefore, the former member of the State Great Khural and founder of the NEW party will be responsible for legally transferring 34% of the "Achit Ikht" company, which operates production utilizing the Erdenet Plant's supplementary deposit, to the state. He wrote on platform X regarding this matter, "In short, I have been tasked with returning the lost wealth to the people."

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The White House Clarified Trump's Proposal to Occupy the Gaza Strip

Published: 2025-02-06 | Translated from: ikon.mn

On Tuesday, after meeting with the Israeli Prime Minister at the White House, U.S. President Donald Trump presented a territorial expansion idea that surprised the world. He was discussing acquiring the Gaza Strip for the U.S. and relocating the Palestinians living there to neighboring Arab countries. However, the next day, the U.S. administration began to correct and clarify Trump's expressed idea. Yesterday, White House Press Secretary Caroline Levitt stated that the President talked about temporarily relocating the Palestinians from the Gaza Strip, not permanently, and emphasized that the U.S. would not pay for the reconstruction of the Gaza Strip, nor would U.S. troops set foot there. "The President clearly stated that the U.S. needs to be involved in this reconstruction effort to ensure regional stability," she said at the time. However, Levitt explained that this does not mean "occupying the Gaza Strip and making American taxpayers bear the reconstruction costs." "Our regional partners, such as Egypt and Jordan, could temporarily host and shelter Palestinian refugees," the President said, "while we work on rebuilding their homes. Right now, this area is in ruins. It has become uninhabitable," she explained. When asked whether she was completely ruling out the idea of deploying U.S. troops to the Gaza Strip, Levitt responded, "The President has not yet made such a decision." Later, U.S. Secretary of State Marco Rubio reiterated the above concept. According to him, Trump's suggestion does not contain a hostile intention; rather, it is a generous expression of responsibility for reconstruction. "The President desires to restore homes and jobs, providing an opportunity for people to return," stated Rubio, who is visiting Guatemala. Trump's shocking stance has faced strong opposition from the Palestinian administration leaders, European, and Middle Eastern governments. Trump’s statement came during ongoing talks about a "second phase" of a ceasefire agreement between the Israeli government and the Palestinian armed group Hamas. Should the parties reach an agreement at this stage, it would put an end to the war permanently in the Gaza Strip and open the path for long-term peace.

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J. Batzandang Appointed as Government Representative to Negotiate in Strategic Deposits

Published: 2025-02-06 | Translated from: itoim.mn

The law on the National Wealth Fund was passed by the State Great Khural. This law mandates that the state will own 34% of strategic and derivative deposits. Therefore, the state will acquire 34% of strategic deposits currently owned by private enterprises. If the private enterprises do not agree to transfer 34% to the state, the government will appoint a special representative, as stated in the National Wealth Fund law. During the government's meeting yesterday, former State Great Khural member J. Batzandang was appointed as the government's plenipotentiary representative to negotiate for obtaining 34% of the strategic deposits. He wrote on his social media page, "I have been appointed as the Government’s Empowered Representative to work on making the Wealth Fund prosperous, increasing the income of the Wealth Fund, and negotiating the state ownership percentages of strategically significant deposits. In short, I have been tasked with returning the lost wealth to the people."

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MCPGR Company's Employment Permit Cancelled

Published: 2025-02-06 | Translated from: gogo.mn

The "Dalanzadgad-Bor Undur 50 km paved road," implemented with state budget investment, has repeatedly been washed out by floods at the embankment, culverts, and PK22+050 location's 20.70 u/m bridge's two sides. The road has been breached. Therefore, under Attachment 1 of the order A/183, by the Minister of Road and Transport, the employment permit given to "MC P C G R" LLC has been revoked. The decision to revoke the special license has been registered and recorded in the database according to the law, and authorities have been instructed to monitor compliance.

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Economy

"Not Much Worse, Not Much Better" - Mining Companies Give Mongolia's Investment Climate a Score of 52.2 Out of 100

Published: 2025-02-06 | Translated from: gogo.mn

How did companies assess Mongolia's mining sector investment climate? Companies in the mining sector, which now makes up over 90% of Mongolia's exports, have concluded that the investment climate is "not much worse, not much better." According to a new survey conducted by the Mineral Resources and Petroleum Authority, companies gave Mongolia's mining sector investment climate a "medium" score of 52.2 out of 100. After evaluating 872 companies on 20 indicators from exploration and extraction to enrichment and processing, no indicator received a "very good" or "good" rating. Likewise, there were no indicators rated as "very poor." The sole indicator scoring above 60 was the results of geological and exploration work. However, the report highlighted that oversight and accountability systems are weak in this area, and the involvement of professional organizations and experts is insufficient. Efforts to improve some indicators through policy measures and new legislation include a mining tax environment scoring 54.2, land relations and regulation 52.1, and protection of investor interests 47.4. Although Mongolia is now a mining country, the survey's lowest-rated indicator reveals that citizens do not accept this. Public attitudes towards mining activities scored only 45.2%, linked to inadequate dissemination of factual information to the public, political populism, and a lack of responsible mining highlighted in the study. With a score of 45.9, political instability, frequently criticized by foreign investors, was the second lowest indicator. The influence of commodity price and political cycles on stability continues to be reflected in foreign direct investment flows. Although the mining sector has made up 73% of foreign direct investment inflows since 2011, the amount has fluctuated, peaking at 4.5 billion USD in one year, and falling to as low as 790 million USD in another.

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China's 15% Tariff on US Coal Creates Opportunities for Mongolia's Exports

Published: 2025-02-06 | Translated from: gogo.mn

China has imposed a 15% tariff on coal imports from the United States, which analysts believe will increase the demand for coal from other suppliers such as Mongolia and Russia. In response to the 10% tariff imposed by the United States on Chinese goods, China announced that it would impose a 10-15% tariff on US energy products, including oil, natural gas, and coal. "However, the impact of the retaliatory measures is limited due to the small volume of coal China buys from the United States," highlighted analysts, including Sara Chan from Morgan Stanley. The United States primarily supplies coking coal for China's steel production and has long-term contracts to supply 2-3 million tons of coal annually. From 2021 to 2024, the United States accounted for about 15% of China's total coking coal imports. In comparison, Mongolia alone is expected to supply 60% of China's coking coal imports in 2024. Nevertheless, the physical volume of coking coal imported from the United States increased significantly by 81% last year, reaching 10.7 million tons, according to Chinese customs statistics.

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Entrepreneurs in the Western Region Incur Losses Traveling 2000 km for Goods and Materials

Published: 2025-02-06 | Translated from: gogo.mn

Chairman of the State Great Khural (Parliament) D. Amarbaysgalan and Member of Parliament E. Bolormaa spent time in Jargalant soum, Khovd aimag. They met with local residents, members of cooperatives, representatives of legal and judicial bodies, and entrepreneurs to listen to their suggestions and requests. The 2025 state budget includes investment projects totaling 349.6 billion MNT across 115 projects in five provinces of the western region. In particular, investments are planned for clean and wastewater pipeline systems in nine soums of Khovd aimag, the second stage of the main wastewater line, and the construction of the "New Khovd" industrial technology park. One of the breakthroughs in long-stalled mega projects achieved by the State Great Khural is the 90 kW Erdeneburen hydropower plant in Khovd aimag. The power plant aims to alleviate energy shortages not only in Khovd aimag but across the region, supporting the goal of establishing the western region as an energy hub, mentioned Chairman D. Amarbaysgalan during his meeting with the community. When asked about reducing commercial loan interest rates by citizens of Khovd aimag, it was indicated that the upcoming spring session will focus on legislative oversight of banking operations to implement steps towards reducing interest rates. A new law to support consumer and borrower rights, providing opportunities instead of debts, is planned. Business owners in Khovd aimag expressed concerns about new legislation negatively affecting enterprises and the challenges posed by licenses. Additionally, they criticized the current situation where entrepreneurs in the western region travel over 2000 km to purchase goods and materials from Zamyn-Uud, resulting in losses and loans. Chairman D. Amarbaysgalan expressed a commitment to expand and develop border checkpoints to create localized markets in the western region. For instance, by developing checkpoints at Yarant in Khovd aimag and Burgastai in Govi-Altai aimag, approximately 500,000 residents of the western region can have nearby access to markets, promoting economic expansion. Furthermore, the State Great Khural recognizes the inadequacy of laws in protecting human rights fully and is striving to respond to citizens’ needs with a 21st-century, human-centered legislative approach, according to a statement from the Parliament Press Office. Chairman of the State Great Khural D. Amarbaysgalan and Member of Parliament E. Bolormaa met with residents, cooperative members, legal and judicial representatives, and entrepreneurs to hear their opinions in Khovd aimag's Jargalant soum. The 2025 state budget includes investments of 349.6 billion MNT across 115 projects in five western provinces. Specifically, in Khovd aimag, investments cover clean and wastewater pipeline systems in nine soums, the second stage of the main wastewater line, and the construction of the "New Khovd" industrial technology park. The 90 kW Erdeneburen hydropower plant is one of the key projects revived by the State Great Khural. The plant will ease energy burdens across the region, not just in Khovd aimag, supporting a vision for the western region as an energy hub, mentioned by Chairman D. Amarbaysgalan. When inquired about lowering commercial bank loan rates by Khovd citizens, it was announced that legislative oversight for this will be pursued in the upcoming spring session. The legal system aims to favor consumers and borrowers, providing opportunities, not burdens. Entrepreneurs in Khovd reported that current laws hinder businesses and complicate licensing. They criticized that western businesses suffer losses by traveling over 2000 km to Zamyn-Uud for supplies. Chairman D. Amarbaysgalan indicated efforts to expand checkpoints to support localized markets. By improving checkpoints like Yarant in Khovd and Burgastai in Govi-Altai, the region's 500,000 residents can access closer markets, fostering economic growth. The State Great Khural focuses on a human-centered legislative framework that meets citizens' needs better, as noted by the Parliament Press Office.

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Stepped Interest Rate Options to be Offered for Mortgage Loans

Published: 2025-02-06 | Translated from: isee.mn

By Government Resolution No. 483, the year 2024 has been declared as the "Year of Supporting Regional Development." Clause 2.3 of this resolution aims to increase the accessibility of preferential loans necessary to provide housing for citizens with average income. To achieve this, criteria have been set for state-sponsored mortgage loans regarding housing area and annual interest rates: 6% for housing up to 60 square meters and 8% for housing from 61 to 80 square meters, and relevant regulations have been amended accordingly. Furthermore, there are plans to diversify state-sponsored loan products to match the varying income conditions of citizens, with preferential mortgage loans offered at a rate of 10% for housing from 50 to 100 square meters and 4% for housing up to 40 square meters.

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B. Lakshmi: Investors Just Want Stability and Clarity from Mongolia

Published: 2025-02-06 | Translated from: itoim.mn

Economist B. Lakshmi discussed the investment environment in Mongolia. - How would you assess the current investment environment in our country? - Mongolia's investment environment is not well-developed. Especially after the elections, the activities of the Foreign Investment Agency became uncertain. The agency responsible for these functions was changed along with the alteration in the government structure following the elections. Before the elections, the Foreign Investment Agency was under the Ministry of Economic Development, but after the elections, it was transferred to the Deputy Prime Minister's office. In the past, the Foreign Investment Agency has been changed five times. Also, there is a lack of discussion about protecting the rights and interests of investors in our country. This issue has been neglected for many years. Occasionally, news about winning cases in the London Arbitration Court appears, but ultimately, going to the London court means losing. It's a major problem that the trust of the investor and other investors in Mongolia is damaged. This is an immeasurable cost. It is necessary to resolve disputes and complaints from investors without them always having to go to court. - How would you compare the benefits of foreign investment, and why is investment important? Could you explain it simply? - A critical aspect that cannot be measured in money is that foreign investment brings in foreign know-how, experience, and international standards. Just look at the major mines; they strictly adhere to global standards. Attracting investment should cover many issues. It cannot be solved by just creating laws. First is the visa issue. It starts with what visa benefits are provided to investors. It is crucial how investors living in Mongolia can extend their visas. When they go to extend their visas, the procedures and required documents might have changed. Therefore, the most basic thing is to simplify their visa process. There is also the issue of registration. Where and how to register their company should be very clear. Investors do not ask for much support or tax incentives. They only need stability. However, in our country, we blame everything that goes wrong on the law and constantly change it. But most of the issues arise during implementation, not with the law itself. - The lack of a sufficient increase in foreign investment is related to the unstable legal environment. There is even talk that the government almost robs foreign investors and drives them away. - Various issues are discussed, such as offending and robbing investors. Thus, gaining the trust of the investors has become the most important task. There are times when countries become fashionable and investors develop interest, I believe. It seems Mongolia has passed its time to attract investors. When the Oyu Tolgoi agreement was first made, there was anticipation that mining would develop and a great infrastructure boom would begin, with almost all major international mining companies having representative offices here. Unfortunately, we couldn't make use of our period of fashion. - What is the reason for not being able to capitalize on that time? Is it related to politics? - Yes, it is related to politics. Our country just stalled after the initiation of Oyu Tolgoi. At that time, private companies had received permits to build railroads and had started working, but then elections happened, and the government revoked the permits, saying it would build them itself. Yet the government is very slow, unable to resolve its issues, uncertain, and almost seems to harass investors. So I think we missed our fashionable period when investors were interested. - After 15 years following Oyu Tolgoi, an investment agreement for uranium was signed with a third-neighbor country. Could this send a positive message and attract the interest of foreign investors? - There are both advantages and disadvantages. Although investment from a third neighbor has been attracted, it was done between state-owned companies. Investors are watching carefully how such agreements and projects negotiated at the state level will proceed. Whether investment can be attracted will be seen in two or three years. It is crucial for investors to see if, after the main works are done, any tax issues or disputes arise and if the Mongolian side will implement the agreement's clauses. After making agreements, our country often goes back and forth, saying, "We will review the agreement again." This is the biggest obstacle to attracting investment. - Thank you for the interview.

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Golomt Bank Secures Long-Term Green Loan Financing from SIMPL Investment Company

Published: 2025-02-06 | Translated from: gogo.mn

Golomt Bank successfully raised long-term green loan financing for the second time from Saison Investment Management Private Limited (SIMPL) of Singapore. The source of this green loan financing is intended to support environmentally friendly projects and aims to promote various green loan initiatives such as renewable energy and green buildings in accordance with Mongolia's Green Taxonomy. SIMPL was established in 2021 and is a subsidiary of Saison International Pte. Ltd., which manages Credit Saison Company Limited's internationally focused investment activities, a leading credit company in Japan. Golomt Bank obtained its first loan financing from this organization in 2024 to support the primary objective of enhancing financial accessibility. Through this financing, loans were provided to support projects such as clean water, water purification facilities, small and medium-sized enterprises, and women-owned businesses. In 2015, we implemented a "Sustainable Financing Policy with an Environmental and Social Risk Assessment for Borrowers" into our lending operations, and we continue to hold a leading position in Mongolia's sustainable financing sector. Furthermore, Golomt Bank is committed to increasing its portfolio of green financing by 5% by 2030 and 10% by 2050, compared to the baseline level of 2023, setting medium- and long-term goals and ensuring their achievement.

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Selling Carbon Monoxide Detectors at Six Times the Price

Published: 2025-02-06 | Translated from: unuudur.mn

Another business might soon blossom by exploiting the smog, similar to the stove distribution scheme. Under the guise of reducing air pollution, a new attempt to distribute carbon monoxide detectors to households in Ulaanbaatar aims to repeat the history of officials distributing stoves to the capital's ger district. The deputy mayor of Ulaanbaatar, A. Amartuvshin, has started talking about distributing smart carbon monoxide detectors to households. He mentioned, "Since 2020, carbon monoxide detectors have been distributed to 200,000 households." Essentially, every household in the ger district has such a device. So why distribute them again? Especially when expensive detectors are purchased with taxpayer money, is it necessary to distribute them to households? In 2025, it is planned to purchase 51,000 smart carbon monoxide detectors, connecting them to a centralized system. The price for each smart detector is 150,000 MNT, according to A. Amartuvshin. To implement what he said, 7.6 billion MNT will be spent from taxpayer money. Additionally, he mentioned installing gas heaters in 52,389 households, which would also receive smart detectors. Consequently, the 7.6 billion MNT could potentially double. Even though it's the fifth year since detectors have been distributed to households, has the rate of carbon monoxide poisoning decreased? It is tragic that in the last seven years, 779 people have died from carbon monoxide poisoning. Yet city officials have already begun their work to distribute the expensive detectors. Last October, the Ministry of Environment and Tourism announced a tender, purchasing 8,666 devices for 1.3 billion MNT. The company "Intelligent Technology" won the tender. This enterprise has almost specialized in supplying carbon monoxide detectors to the state. In 2022, they distributed detectors to 7,626 households in Nalaikh and over 6,600 households in six provinces for about 2.2 billion MNT. Also, in 2021, the installment of carbon monoxide detectors in ger district households was done for about 2.9 billion MNT. The officials don't distribute these devices out of concern for the citizens. Instead, by supplying devices six times the market price to households, they might embezzle the budget, which is taxpayer money. Reportedly, carbon monoxide detectors ordered from the neighboring country and sold at the Zuun Ail construction material market are priced at 25,000 MNT. Yet the price mentioned by A. Amartuvshin is excessively high, causing public discontent. When will officials stop exploiting the smog to run businesses? Do they not tire of playing with citizens' mental health, well-being, and budget funds?

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BOND ADVISORS ADVISE: WHY SHOULD YOU INVEST IN BONDS?

Published: 2025-02-06 | Translated from: ikon.mn

In today's volatile economic environment with high inflation, bonds are a low-risk, stable-return investment that can protect your assets. Prior to offering bonds to investors, professional underwriters and brokers examine and verify the risks involved. Regulators like the Financial Regulatory Commission, Mongolian Stock Exchange, and other related bodies oversee this process. Additionally, the interest rate and maturity period of bonds are predetermined, making them a reliable choice for investors. Therefore, bonds can offer the advantage of predicting your cash flow while being a low-risk investment. WHICH COMPANY’S BOND SHOULD YOU CHOOSE? Since 2022, 3.1 trillion MNT worth of bonds have been registered in the over-the-counter market, with Golomt Capital exclusively underwriting 1.5 trillion MNT of bonds by 2024. We have experience offering bonds to investors in sectors such as finance, mining, and manufacturing. In 2024, we successfully repaid a total of 294 billion MNT in principal and interest to clients' accounts without a single day's delay. Golomt Capital offers you the opportunity to invest in bonds in the sector of your choice. IS IT THE RIGHT TIME TO INVEST IN BONDS? As the economic pressures following the pandemic subside and inflation stabilizes, central banks are expected to lower policy rates. In our country, the policy interest rate stands at 10%, anticipated to decrease in the next 9-12 months. In 2024, the average interest on bonds raised in the over-the-counter market was 19%, while newly raised MNT deposits offered 11.6%. In this high-interest-rate environment, investing in high-interest, long-term bonds can yield higher returns. WHAT ARE THE ADVANTAGES OF PERPETUAL BONDS / PUTTABLE BONDS? Golomt Capital LLC offers organizations and professional investors high-yield, bank line-secured puttable bonds, providing the flexibility to redeem the bond at any time. This means you can earn interest on your funds even if you hold the bond for just one day. WHY CHOOSE US DOLLAR DENOMINATED BONDS? A country's government has a higher credit rating and is more reliable than banks and companies. The returns on Mongolian government bonds issued on the international market range from 5.07% to 6.20%. Meanwhile, the returns on domestic enterprises' bonds are between 6.92% and 11.11%. We advise you on secure investments in US dollars. WHAT ARE THE ADVANTAGES OF SHORT-TERM BONDS? We offer our clients the opportunity to participate in bond trading over a short period (1-11 months) to match their cash flow needs. As of 2024, Golomt Capital has completed secondary trading of 900 billion MNT in bonds. Clients can choose the desired investment period and earn high returns until they need to use their own or corporate funds. WHAT ARE CREDIT-RATED BONDS? In the international arena, a bond issuer's financial capacity, governance, and risks in their operating sector are evaluated, and a credit rating is established. Based on this rating, understanding the risk level of the bond becomes easier, and the risk decreases as the credit rating improves. Golomt Capital offers clients bonds of companies with high credit ratings, ensuring minimal risk. WHAT IS THE DIFFERENCE BETWEEN OPEN AND CLOSED BONDS? Companies can issue bonds in both open and closed markets. Issuing bonds in the open market allows your business to gain public recognition and secure financing at a lower cost. The closed market, however, allows faster funding, typically within a month, and offers the flexibility to divide financing according to the business’s cash flow. It also provides a more lenient collateral requirement. Golomt Capital provides professional advice for any market, confident it will boost your business growth. CAN YOU APPROACH GOLOMT CAPITAL TO ISSUE BONDS? Golomt Capital helps companies meet the requirements to issue bonds, understand market conditions, set interest rates, choose collateral, connect with investors, and manage post-issuance reporting. Over the past three years, we have assisted more than 70 companies across various sectors in successfully raising capital through bonds. If you are unsure where to start when issuing bonds, simply contact us to schedule a meeting. TERM BOND Duration: 12-24 months Interest: 17-20% (annual) Interest Payment: Quarterly and Semi-annually With collateral, guaranteed SHORT-TERM BOND Duration: 1-11 months Interest: 12-17% (depending on duration) Choose the investment period Golomt Capital LLC's dual guarantee PERPETUAL BOND Can be withdrawn at will. Risk-free Secured by a line of credit. Bond ordering: golomtcapital.com/forms/bond Warning: Media outlets (TV, Radio, Social and Web pages) must credit the source (ikon.mn) when fully or partially using our information.

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B.Ragchaa: Citizens and Workers Are Burdened by Over 40 Types of Taxes, Fees, and Contributions

Published: 2025-02-06 | Translated from: ikon.mn

The Mongolian Trade Union Federation (MÜEF) organized a discussion related to the reform of tax package laws today. During this event, B. Ragchaa, the acting president and vice-president of the MÜEF, provided the following information regarding the issue of more than 40 types of taxes, fees, and contributions burdening the citizens: Speaking about the tax burden, he said, "In relation to the state budget discussions, we have repeatedly conveyed the proposals and demands to increase the real income of the people to the parliament and government agencies. Unfortunately, the proposals from the Mongolian Trade Union, which represents the citizens and workers, have not been considered. There was a proposal to raise the salaries of state employees by six percent. However, in 2024, inflation was at 8.3 percent, meaning it did not reach the level to compensate for inflation. With the increase in electricity prices, the prices of other goods and products have also increased. Today, within the framework of the laws, rules, and regulations effective in Mongolia: Approximately 20 types of taxes, more than 10 types of fees, and more than 10 types of contributions, altogether over 40 types of taxes, fees, and contributions are being carried by the citizens on their backs. Meanwhile, the wages and real income of the citizens of Mongolia are not increasing. Under such conditions, the MÜEF has repeatedly submitted proposals and demands for amendments to the tax law." "Even from the people's transport and food money, social insurance and tax contributions are deducted," he continued. "The law on personal income tax has opportunities to increase the real income of the citizens. For example, an individual earning a monthly salary of up to five million MNT could have their personal income tax (PIT) calculated at up to a five percent rate. Currently, individuals earning up to 120 million MNT are taxed at 10 percent, those earning 120-180 million MNT at 15 percent, and those earning above that amount at 20 percent. In essence, there is a tax bracket of 10-20 percent. Lowering this by one bracket would mean a five percent tax rate for those earning a real income of up to 60 million MNT. Secondly, there are conditions under tax policy to support housing. For citizens moving into housing for the first time, there is a six million MNT discount. In 2019, the average price per square meter of housing was 2.5 million MNT, but now it has reached around four million MNT. Compared to previous periods, the price per square meter of housing has almost doubled. Therefore, it is suggested to double the discount. The proposal is for a minimum incentive of 10 million MNT. Today, despite discussions about traffic congestion on buses, deductions for social insurance and taxes are made from transportation expenses. It has reached a point where up to 700 MNT is deducted from the transportation fare of 1,000 MNT. Therefore, the MÜEF is bringing in the proposal not to tax meal and transport money, which would significantly increase the real income of the citizens. It is appropriate to support export-promoting companies and organizations with a certain level of tax policy. We propose that the state of Mongolia should support employers who provide stable jobs through tax policy. Moreover, regarding the Value Added Tax (VAT), it is suggested to offer a rebate at a five percent rate instead of two percent. The threshold for VAT calculation is for individuals and entities with sales revenue of over 50 million MNT. We propose to raise this threshold to at least 200 million MNT.

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The Uncertainty of the 2024 Dividend Distribution for the 1,072 Shares

Published: 2025-02-06 | Translated from: ikon.mn

It is unclear when the remaining dividends for the 1,072 shares in 2024 will be distributed. During the government's 100-day meeting, the Prime Minister reported that the dividends for the 1,072 shares of "Erdenes Tavan Tolgoi" JSC for 2024 would be transferred in three parts. Additionally, the first installment of the dividends, amounting to 135,000 MNT, was transferred to citizens' accounts on December 20, 2024. It was announced that the remaining dividends would be distributed in January and February 2025. However, after the start of the year, there has been no news regarding the dividends, so a clarification was sought from "Erdenes Mongol" Executive Director S. Narantsogt. He stated: "At that time, the third-quarter report of the company had been published, and it was clear that dividends were to be distributed. As 'Erdenes Mongol,' we adhere to the policy that dividends should be distributed annually. If a person holds shares, they must receive their dividends. The government's decision was made because, based on the third quarter results, an individual with 1,072 shares could expect more than 300,000 MNT in dividends. To ensure this amount is not exceeded, an advance payment was made. 'Erdenes Tavan Tolgoi's Board of Directors (BoD) determines the dividends per share by corporate governance, and after announcing the dividends per share, the advance amount is deducted and transferred to citizens. For example, if the BoD decides to distribute 350,000 MNT to a shareholder with 1,072 shares, the previously disbursed amount would be subtracted, resulting in a payment of around 200,000 MNT. According to the Company Law, the Board of Directors should meet within 50 days after the audit report is confirmed, decide how much to distribute from the net profit, and allocate it to the citizens," he said. Currently, since the financial audit report of "Erdenes Tavan Tolgoi" JSC has not been finalized, it is unclear whether the dividends will be disbursed before the Lunar New Year. Regarding whether the pre-distribution of dividends before confirming the audit report was a legal violation, S. Narantsogt, Executive Director of "Erdenes Mongol," said: "We do not perceive this as a violation of the Company Law. During these times, when the cost of electricity and heat has increased, significantly affecting people's lives, the timing of dividend distribution should be reconsidered, as discussed at the government level. This situation necessitates substantial legal amendments."

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Mutton and Beef Priced at 12,000 to 14,000 MNT

Published: 2025-02-06 | Translated from: news.mn

The price of meat is increasing in relation to the upcoming Lunar New Year. To control this price rise and stabilize it, the government has made a decision to limit the export of meat to a certain extent. Meat and meat product exporting businesses started organizing an expanded meat market at the outdoor area of "Asa Arena." More than 30 businesses are participating in this expanded market, selling mutton carcasses at 12,500 MNT per kilogram and beef at 14,000 MNT per kilogram. B. Bayasgalan, director of "Orgilongun" LLC, said, "Our company supplies meat and meat products for export. Due to the government's decision, we are participating in the expanded meat market at the outdoor area of 'Asa Arena.' More than 10 businesses are selling their meat at this location. Our company has prepared a total of nine tons of meat for sale to the public." Last week, J. Enkhbayar, the Minister of Food, Agriculture, and Light Industry, presented the government's decision at a meeting, stating, "Until June 1, we will supply the prepared meat to the domestic market. According to meat price studies, the price of mutton has increased by 19%, beef with bones by 15%, boneless beef by 17%, and goat meat by 16%. This will affect consumer usage. During traditional celebrations, there is a risk of meat price inflation. Starting February 6, the government will sell the prepared export meat in organized points within the capital."

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S. Erdenebat: People Owning More Than Five Apartments and Expensive Properties Should Pay Taxes on Rental Income

Published: 2025-02-06 | Translated from: ikon.mn

The Mongolian Trade Union Confederation (MTUC) organized a discussion today regarding the overhaul of tax package laws. As the new tax package laws are set to be discussed in the upcoming spring session, the trade union organization is currently debating its proposals for the draft law. In this context, Member of Parliament and former president of the MTUC, S. Erdenebat, provided information on the proposals he intends to submit. He stated, "The agenda for the regular autumn session of the Parliament included the revision of the laws on taxes and social insurance. We are making proposals to offer exemptions to citizens who work from paycheck to paycheck and have low or middle income. In addition, those with low income should be completely exempt from taxes. Such standards exist internationally; for example, if an individual's income is below the subsistence minimum or the minimum wage, no taxes are levied. If citizens earn less than 1.5 million tugriks and are supporting three children, they should not have to pay any taxes. Currently, there is a policy of double taxation on companies that provide their employees with money for meals and transportation, taking taxes, social insurance, and VAT. The previous tax law tried to provide exemptions for this but failed. People might avoid taxes by giving 5-10 million tugriks a month for meals and transportation — how would you address that? I propose that no taxes should be taken from the 15,000-20,000 tugriks paid daily for meals and transportation. Regarding citizens' demand for a 5% refund or exemption from VAT, the issue of tiered taxes is being discussed to encourage small and medium-sized businesses to provide VAT receipts. A notable proposal on education fees includes legislating free English language instruction from the third grade. A study shows over 100 public schools in our country can teach English from the third grade. However, if most parents send their children to paid English courses, I propose a tax exemption for that. The Constitution states that the government should provide basic education to all citizens for free. Children from ordinary families have the right to learn English from professional teachers starting in third grade. If the government cannot provide this, a tax exemption is necessary. Additionally, if a business supports its employees' children with educational fees, there is a proposal to not include them in the 1% tax benefit. But if a company supports its employees' children studying abroad, I propose that they be eligible for a 1% tax reduction. The decision to tax rental income from residential properties is incorrect. For example, if someone rents out the apartment they live in while they're away, taxing this income is wrong. However, individuals who own more than five apartments or extremely expensive properties do not pay taxes on their rental income. These people should pay taxes on their rental income. Housing prices are exorbitantly high, making home ownership a dream for many. Illegal money is laundered through the real estate market, inflating housing prices. How can young people afford to buy apartments on their salaries? Therefore, if companies support their employees with housing, tax support should be given. People with too many apartments and rental income should be taxed.

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"LendMN JSC" Will Distribute Dividends to Shareholders from 2024 Net Profit

Published: 2025-02-06 | Translated from: ikon.mn

"LendMN JSC," a publicly listed company (MSE: LEND), has consistently safeguarded the interests of its over 8,000 shareholders by regularly distributing dividends and maintaining transparency since it became a public company. Furthermore, we strive to openly receive and incorporate shareholder feedback into our operations and future goals. At the regular meeting of the Board of Directors, it was decided to allocate a dividend from the company's net profit at the end of 2024, with a distribution of 15 MNT per share, representing 30.62% of the net profit or a total sum of 11,089,525,245 MNT to be distributed to shareholders in cash. Dividends will be transferred to the shareholders' accounts through the "Central Securities Depository" LLC. The registration date to issue the list of shareholders entitled to receive dividends will be in accordance with the relevant laws and regulations of Mongolia. We express our gratitude to all our shareholders, respected partners, and loyal clients who continually support our efforts to build a brighter future through technology. Sincerely, "LendMN JSC" Notice: Media outlets (TV, Radio, Social sites, and Web pages) must cite the original source (ikon.mn) when using our information in any form, either completely or partially.

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Mortgage Loan Balance Increased by ₮1.6 Trillion in 2024

Published: 2025-02-06 | Translated from: gogo.mn

In 2025, the total source of mortgage loans is expected to be ₮1.2 trillion, according to the Bank of Mongolia. The Bank of Mongolia reported that the mortgage loan balance increased by ₮1.6 trillion compared to the previous year in 2024. As of December last year, the total mortgage loan balance reached ₮9.4 trillion. This represents an increase of 23.4% compared to the same period last year. A total of 64% of the loans, or ₮6.4 trillion, were issued under the mortgage program. The remaining 34% were provided by commercial banks, and 0.8% were loans from other sources. About 19% of the total loans were distributed in rural areas. It was reported by the Bank of Mongolia that 44% of the total loans planned to be issued this year will be allocated to rural areas, while the remaining 56% will be issued in the capital. According to the latest report from the National Statistics Office, the average price per square meter for new apartments is ₮4.6 million, while that of old apartments is ₮4.2 million. The price of new apartments has increased by 12.6% compared to the same period last year, and the price of old apartments has risen by 16%.

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People with more than five properties and expensive assets should be taxed on rental income

Published: 2025-02-06 | Translated from: montsame.mn

In relation to the renewal of the tax package laws, a meeting was organized by the provincial and capital branch leaders, base committee heads, leaders, and active members of the Confederation of Mongolian Trade Unions on the topic "The Current Situation and Required Reforms of the Mongolian Tax System." During this meeting, Member of Parliament S. Erdenebat stated, "The reform of tax and social insurance laws was part of the agenda for the Autumn session of Parliament. We are proposing to provide relief in the Tax Law for individuals with low to middle incomes who live from paycheck to paycheck. Also, people who are considered low income should be completely exempt from taxes. There is a similar approach internationally, where if the income per household member is below the living minimum or the minimum wage, no tax is levied. Generally, citizens with a salary of less than 1.5 million MNT who are supporting three children should not be taxed at all. Citizens are discussing either increasing the VAT refund to five percent or eliminating it. For small and medium-sized enterprises engaged in retail, we are talking about graduated tax issues to increase the incentive to provide VAT receipts. Furthermore, it is wrong to tax rental income from housing. Individuals owning more than five properties and expensive objects must stop evading tax on their rental income. The price of housing is extremely high. Buying a home has become a dream for people. Due to the laundering of dirty money in the real estate market, housing prices have been inflated. How can young people afford to buy a home with their salary? Therefore, enterprises that support their employees with housing must be supported by tax measures. People with too many properties and rental income should be taxed." In response, B. Ragchaa, acting President of the Confederation of Mongolian Trade Unions, said, "If a person's monthly salary is five million MNT, it should be taxed at five percent. According to the current law, income of up to 120 million MNT is taxed 10%, 120-180 million MNT at 15%, and above 180 million MNT at 20%. Therefore, we propose to support genuine income of individuals by lowering a step and taxing income up to 60 million MNT at five percent. It should be possible to remove income tax from the meals and transportation allowances provided by unions, which are intended to support essential needs. The policy should support citizens entering housing by increasing the six million MNT tax relief to ten million MNT. Parents save children's money for their future. However, savings are taxed. Taxes should be levied only on savings exceeding 100 million MNT. Also, citizens who pay taxes honestly should benefit from tax discounts and incentives."

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Diplomacy

Prime Minister L.Oyun-Erdene to Visit China Next Week

Published: 2025-02-06 | Translated from: isee.mn

Prime Minister L.Oyun-Erdene will make a working visit to China next week. During his visit, a "Cross-border Railway Agreement at the Gashuunsukhait-Gantsmod Port, Coal Trade, and Cooperation Agreement to Increase the Capacity of the Tavan Tolgoi Coal Mine between the Government of Mongolia and the Government of China" will be signed. Industry and Mineral Resources Minister Ts.Tuvaan stated, "The visit will finalize these agreements." The government has announced 14 mega projects, including establishing an investment agreement on uranium with France. The next major project is the Gashuunsukhait-Gantsmod railway border connection project. To sign this agreement, 53 meetings have been held, and both sides have reached a consensus on the relevant proposals. "China Energy" has made two main proposals: to build a terminal for the railway border connection between the two countries and to extract coal. In return, they have proposed to extract coal from the Onchkharaat and Bortolgoi deposits of the Tavan Tolgoi group over a 20-year period. There is also information that the legal framework will be discussed and decided in an extraordinary session of the Parliament. This extraordinary session is scheduled to be held on the 18th of this month.

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Prime Minister L.Oyun-Erdene Attends Reception for the Emperor of Japan's Birthday

Published: 2025-02-06 | Translated from: montsame.mn

The Prime Minister of Mongolia, L. Oyun-Erdene, attended a reception dedicated to the birthday of His Majesty the Emperor Naruhito of Japan and delivered an opening speech. In his speech, Prime Minister L. Oyun-Erdene expressed deep gratitude on behalf of the government, the people, and the state of Mongolia for the upcoming state visit of His Majesty the Emperor and Her Highness the Empress of Japan to Mongolia. He highlighted that the state visit by His Majesty Emperor Naruhito and Her Highness Empress Masako will be of historical significance. It will contribute precious value by deepening the "Special Strategic Partnership for Peace and Prosperity" between Mongolia and Japan, which share common democratic values, and by strengthening "people-centered" relations and cooperation. The reception was attended by representatives from the State Great Khural, the government, as well as business entities, private sectors, friendship societies, and representatives from academic, research, cultural, and artistic communities from both sides, as reported by the Government Media Office.

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Finland's Newly Appointed Ambassador Received

Published: 2025-02-06 | Translated from: gogo.mn

The Secretary of State of the Ministry of Foreign Affairs, L. Munkhtushig, received the copy of the Letters of Credence from Mikko Kinnunen, the newly appointed Ambassador Extraordinary and Plenipotentiary of the Republic of Finland to Mongolia. During the meeting, the parties exchanged views on expanding the friendly relations and cooperation between Mongolia and Finland in mutually interested areas, especially on invigorating trade and economic cooperation, and working together in a mutually beneficial manner in fields such as culture, education, environment, and energy. They also discussed cooperation within the framework of the United Nations and other international organizations. Source: Ministry of Foreign Affairs

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Uzbekistani Company Expresses Interest in Cooperation with Mongolia Two Years After Donating Buses

Published: 2025-02-06 | Translated from: ikon.mn

Representatives from the "JV Samarkand Automobile Plant" company in Uzbekistan have arrived in Ulaanbaatar. These representatives include the company's head of external trade for bus production, U. Amir, trade representative for the Samarkand automobile plant, Sh. M. Jahangir, and other officials. They presented to the leaders of Mongolia's Public Transport Policy Office the buses and automobiles they manufacture, highlighting the possibility of supplying buses suited to the specifics of Mongolia’s public transport sector. The company expressed interest in collaborating further. The "JV Samarkand Automobile Plant" company's LE60 ISUZU model bus is currently in service within Ulaanbaatar's public transportation system. It has been noted for its reliability, suitability to Mongolia's harsh weather conditions, compliance with Euro standards, and the inclusion of a Japanese engine, among other advantages. The Samarkand automobile plant began operations in March 1999, leading in the bus and truck manufacturing market, with a goal to supply its buses to various countries worldwide. In 2023, the company donated two buses of the SAZ LE60 model, each with a capacity of 56 people, to Mongolia's Public Transport Office. Notice: Media organizations (Television, Radio, Social Media, and Websites) must acknowledge the source (ikon.mn) when using this information in whole or in part.

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PHOTO: Japanese Emperor's Birthday Honored

Published: 2025-02-06 | Translated from: ikon.mn

A ceremony to honor the 65th birthday of His Majesty Emperor Naruhito of Japan was organized by the Japanese Embassy in Mongolia. Mongolian Prime Minister L. Oyun-Erdene, along with other state and social leaders, attended the reception as guests. Ambassador M. Igavahara mentioned the preparations for Their Majesties, the Emperor and Empress, to visit Mongolia this summer and expressed confidence that this visit would become a historical event engraved in the history of the relationship between the two countries. The ambassador and honored guests performed a kagamibiraki, a ceremony to open a barrel of Japanese sake. Warning: Media organizations (TV, Radio, Social and Web sites) must cite the source (ikon.mn) when using our information in full or in part in any form.

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Infrastructure

Signed Construction Contract for Oil Refinery Plant

Published: 2025-02-06 | Translated from: news.mn

"Mongol Oil Refinery" SOE has signed an engineering, procurement, and construction (EPC) contract with India's Megha Engineering and Infrastructures Ltd, selected as the general contractor for the final phase of the oil refinery project, which involves the construction of licensed technology facilities (EPC 04). The oil refinery will comprise a total of 12 technology facilities, seven of which are advanced processing units with licensed technology. The construction of these seven units will be carried out by India's MEIL company as per the contract. These advanced processing facilities will be built using technology licenses from companies in France, Italy, the United States, and the Netherlands. License holder companies have already finished the design of their respective technology facilities. Hydrogen Plant (HGU) – Italy's "Kinetics Technology" Sulfur Recovery Unit (SRU) – France's "Axens" Gasoline Processing Unit (MS Block) – USA's "UOP Honeywell" Hydrocracking (HCU) – USA's "UOP Honeywell" Diesel Hydro-treating (DHDT) – USA's "UOP Honeywell" Liquefied Petroleum Gas Units (LPGU) – USA's "UOP Honeywell" Visbreaking (VBU) – Netherlands' "Shell" Megha Engineering and Infrastructures Ltd, a company with 34 years of experience in implementing major petrochemical and infrastructure projects in India and internationally, is obliged to complete the above seven facilities within 36-38 months as outlined in the contract. The construction of the oil refinery is being carried out with financing from a $1.7 billion concessional loan from the Government of the Republic of India and includes four project packages: - EPC 01: Non-technology buildings - EPC 02: Atmospheric and Vacuum Distillation, Saturated Gas Processing Facilities, and ancillary facilities - EPC 03: Plant's Thermal Power Station - EPC 04: Licensed Technology Facilities The first package, EPC 01, consisting of nine civil buildings, electrical and water supply systems, and infrastructure work within the plant site, has been completed and was accepted by the state commission in November 2024. For EPC 02 and EPC 03 work packages, base concrete pouring for pipeline racks and technology furnace foundations have been completed, and assembly of steel structures for the racks is set to begin soon. The foundation concrete pouring for the control and substation building of the plant's power station has been carried out, and the main structural work is nearing completion. Currently, over 1,000 engineers and specialists from countries including Mongolia, India, China, Italy, France, the USA, Canada, the Netherlands, and Spain are participating in the oil refinery project.

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International and Domestic Summer Flight Schedule

Published: 2025-02-06 | Translated from: gogo.mn

The Civil Aviation Authority has approved the international and domestic flight schedules for the summer season of 2025. MIAT LLC plans to conduct 764 flights on a total of 6 routes, including Khovd, Khuvsgul, Uvs, Zavkhan, and Govi-Altai. Meanwhile, 17 airlines from 5 countries, including Russia, China, South Korea, and Vietnam, are set to operate scheduled international flights, with plans for 10,116 flights across 22 routes. In the summer schedule, new flights are planned to Ho Chi Minh City, Ordos, and Beijing Daxing by MIAT airline. United Airlines of the United States will operate 3 times a week starting May 1st. Airlines from China, such as Spring Air, Hainan Airlines, China United Airlines, and Juneyao Airlines, along with Vietjet of Vietnam, are also scheduled to conduct flights. Additionally, Aeromongolia airline is preparing to fly to Moscow, Russia, and Hunnu Air is getting ready to operate flights to Tashkent, Uzbekistan.

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Signing of the "Gashuunsukhait-Gantsmod Border Railway" Agreement

Published: 2025-02-06 | Translated from: montsame.mn

The draft agreement on cross-border railway at the Gashuunsukhait-Gantsmod port, coal trade, and increasing the capacity of the Tavantolgoi coal mine was finalized with the Chinese side after conveying suggestions from members during consultations with the Standing Committee of the Parliament. At the government meeting, the Minister of Industry and Mineral Resources, Ts. Tuvaan, and the Minister of Roads and Transport, B. Delgersaikhan, were authorized to sign the "Agreement between the Government of Mongolia and the Government of the People's Republic of China on the cross-border railway at Gashuunsukhait-Gantsmod port, coal trade, and collaboration to increase the capacity of the Tavantolgoi coal mine." The Ministry of Industry and Mineral Resources reported that the agreement on the border connection of the Gashuunsukhait-Gantsmod railway with the Chinese side is scheduled to be finalized between February 13-15 of this year. The construction of the railway is planned to begin in April and will be financed not with coal, but by the "Erdenes Tavantolgoi" company.

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Companies to Reduce Steps and Connect to Energy Within 40 Days

Published: 2025-02-06 | Translated from: gogo.mn

The regular meeting of the government took place on the 5th of this month, where the following issues were discussed and resolved. Deputy Prime Minister and Minister of Economy and Development L. Gantomor presented information regarding the "Doing Business" report's performance indicators to government members. Concerning this, Prime Minister L. Oyun-Erdene instructed the implementation of measures to reduce the difficulties and steps involved in starting a business, as well as to decrease government involvement in economic activities. The Economic Development Council, led by the Prime Minister, decided to take prompt measures to support economic growth and improve the business environment by holding weekly meetings on Mondays to address and resolve issues impacting the business environment. Additionally: - Steps to establish legal entities will be reduced and digitized, so that they take no longer than three days to process by the end of the first quarter of this year; - The types of industries and services required to undergo environmental impact assessments will be reduced and limited to specific scopes, and the assessments will be digitized with regulatory changes to be introduced to the Environmental Impact Assessment Law within this month; - By the first quarter of 2025, measures will be implemented so that the steps for businesses and organizations to initially connect to energy resources will be reduced and the process shortened to within 40 days; - By the second quarter of this year, the processes of issuing, renewing, suspending, restoring, and revoking special permits will be transitioned to electronic forms, with a clear maximum time set for processing them online and measures to link them to the unified public service system; - Excessive regulatory requirements and criteria beyond those prescribed by law will be streamlined, and regulations exceeding the law will be made void, with relevant officials tasked to implement these measures, according to the Government Press Office.

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SELENGE: A Project for 2,000 Housing Units to be Implemented in Mandal District

Published: 2025-02-06 | Translated from: montsame.mn

Within the framework of supporting the national movement "Food Supply and Safety" initiated by the President of Mongolia, regional development, rural development, and housing policies of the government, "Matrix Solar Mandal" LLC will implement a project for 2,000 housing units in Mandal district, Selenge province. In order to increase jobs in the food and agriculture sector in the local area and provide policy support, Minister of Food, Agriculture, and Light Industry J. Enkhbayar, Minister of Urban Development, Construction, and Housing J. Batsuuri, Governor of Selenge Province N. Lkhagvadorj, and CEO of "Taij Group" LLC L. Ganpurev signed a memorandum of understanding on the 5th of this month. The above project will be implemented with the investment of "Taij Group" LLC. In addition to the housing complex, the company plans to build a school for 320 children, a kindergarten for 150 children, a food market, and a shopping center with a warehouse as part of the project. Furthermore, it aims to localize green building structures and renewable energy technology to create the "Ulaanbaatar" housing complex with environmentally friendly and sustainable development solutions.

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Branch Railway to be Built on Bagakhangai-Khushig Valley Route

Published: 2025-02-06 | Translated from: gogo.mn

The instructions given at the IV meeting of the Emergency Headquarters were presented at yesterday's meeting of the government. The meeting discussed the fulfillment of instructions from previous meetings of the Emergency Headquarters, the branch railway on the Bagakhangai-Khushig Valley route, the relocation of municipal markets and trade centers from Ulaanbaatar city, the 2030 general plan of Ulaanbaatar city, issues related to the shortage of energy capacity in the capital, urgent problems, and network lines, the use of artificial intelligence for accountability identification, the camera registration system's control, and public transportation oversight, the introduction of the plan for Hunnu city, and the presentation of the model project to supply renewable energy for heating in the capital's ger areas. The year 2025 was declared as the "Year of Supporting Capital Infrastructure Development." An Emergency Headquarters was established in the Office of the Prime Minister to provide support for projects and measures for reducing air pollution in Ulaanbaatar, to implement infrastructure development projects, to ensure inter-sectoral coordination, and to provide rapid management. The head of the Government Agency of the Cabinet, N. Uchral, introduced to government members the details of the IV meeting of the Emergency Headquarters and instructed relevant officials to reflect the Prime Minister's urgent instructions and their implementation report in the system, and to monitor the implementation.

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Heating Outage in New Nalaikh Neighborhood for an Entire Day

Published: 2025-02-06 | Translated from: isee.mn

In the "New Nalaikh" neighborhood of the Nalaikh district, over 2,500 residents have been without heating since yesterday due to a malfunction of the heating pump. With the severe cold weather reaching -31 degrees Celsius, households without heating throughout the day are facing challenging conditions. When asked about the situation, the "Nalaikh District Heating Plant" JSC stated, "Repairs are underway. It is unclear when the heating will be restored."

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17 Airlines Will Operate 10,116 Flights on 22 Routes This Summer

Published: 2025-02-06 | Translated from: montsame.mn

The Civil Aviation Authority has approved the international and domestic flight schedule for the summer of 2025. According to the approved schedule, MIAT will operate 764 flights on a total of six routes including Khovd, Khuvsgul, Uvs, Zavkhan, and Gobi-Altai. Meanwhile, 17 airlines from five countries including Russia, China, South Korea, and Vietnam have been authorized to operate 10,116 flights on 22 routes. New flights are planned for Ho Chi Minh City in Vietnam, Ordos in China, and MIAT plans to operate new flights to Beijing Daxing. From May 1st, the American airline United Airlines will operate three times a week. Additionally, China's Spring Airlines, Hainan Airlines, China United Airlines, Juneyao Airlines, and Vietnam's Vietjet will be operating flights. Furthermore, Aero Mongolia has reported preparations for flights to Moscow, Russia, and Hunnu Air is preparing for flights to Tashkent, Uzbekistan.

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Society

Warning: Three Young Children and One Adult Die in Fire

Published: 2025-02-06 | Translated from: isee.mn

In Bayanzurkh District, a tragic incident occurred where a household fire claimed the lives of three young children and one adult male. Recently, there has been a trend of increasing fire reports. Therefore, residents are urged to ensure the fire safety of their homes and residences, avoid overloading electricity, and prevent young children from being left in houses locked without supervision to protect them from fire hazards.

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Warning to Avoid Travel on Long and Short Distances

Published: 2025-02-06 | Translated from: isee.mn

According to the weather agency's report, a snowstorm is blowing at up to 17 m/s in Zuunmod sum of Tuv aimag, 20 m/s in Buregkhankhai sum of Bulgan aimag, and up to 21.2 m/s in Baruunbayan-Ulaan sum of Umnugovi aimag. Tonight, the weather is expected to intensify with winds reaching 18-20 m/s in the northern part of Uvurkhangai aimag and the western part of Tuv aimag, and at times up to 24 m/s in the eastern areas. For safety, the Emergency Management Agency has advised not to travel on long or short distances.

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Will Elderly Care Services Become a Reality?

Published: 2025-02-06 | Translated from: unuudur.mn

"Will there be a development center, nursing home, or service facility for the elderly where they can chat with their peers, play, share their joys and sorrows in a warm, comfortable, friendly environment, with good service and basic healthcare assistance?” This is a question many have started to ask. Instead of guarding an empty house alone all day, many elderly people say time passes quickly and their mind is at ease when they can socialize with others. But does our country have caregiving services specifically for the elderly? It's not easy to work with people, especially the elderly, being attentive from the heart, adhering to standards, and operating within legal frameworks. How many such organizations exist in our country? In Mongolia, seniors aged 60 and above made up 5.4% of the total population in 2000, and 9.7% in 2021. It is estimated by the National Statistics Office that this will be 11.9% by 2030, and 21.1% by 2050. In other words, as of last year, over 455,000 citizens aged 55 and above were registered in our country. According to the law on the elderly, men aged 60 and above, and women aged 55 and above, are classified as senior citizens. Judging by these figures and facts, one in five people in our country will be elderly within 25 years. Though it is clear that the era of grandmothers and grandfathers is approaching, it is questionable how prepared the government is for this. However, compared to before, more attention is now being paid to nursing homes and services for the elderly, and their legal framework is being clarified. For example, amendments to the Law on the Elderly that came into effect on January 1 of this year make legal issues relating to care more clear. However, most public interest focused not on this, but on the part regarding age benefits. The aged benefit, given to those aged 65 and above, varies depending on age and is distributed twice a year during Tsagaan Sar and the Naadam Festival. Additionally, aged benefits can be arranged for seniors living abroad. Beyond what could be considered mere charity, there are many issues for seniors that need to be addressed more seriously, including improving the operations of and establishing new caregiving centers and development centers for them. Currently, there are 12 nursing homes operating in our country, funded by national and local budgets. Specifically, national centers for the elderly operate in Dornod, Dornogov, Uvs, and Töv provinces, funded by the state, while those in Khovd, Bayan-Ölgii, and Bayankhongor provinces are funded by local budgets. In addition, there are two care centers in Songinokhairkhan district in Ulaanbaatar City that serve disabled individuals. There are few NGOs providing specialized services for seniors. As a result, amendments to the Law on the Elderly have been made to support organizations providing such services, indicating an improvement in the legal environment for services that care for the elderly. Examined in detail, several new definitions have been introduced in the legal terminology. Notably, the "alternative services for elderly care" is a novel concept. According to Article 4.1.9 of the law, "alternative services for elderly care" are defined as providing specialized care for the elderly in nursing homes or through services such as home care, guardian families, daytime care, temporary, long-term, or continuous care services. However, the possibility to implement this remains limited despite the shift to multi-option care services for the elderly this year within the law's framework. While the government and NGOs are supposed to share operational costs and financial support has been planned, there's hesitation in committing to these services. Meanwhile, social demand for such services had already emerged. Not only for the elderly but also for children with disabilities and critically ill or bedridden citizens, care services are as essential as water and air. One service requirement is to look after the elderly either at home or daily, as mentioned in the amendments to the law. This expands care services to a new level. Understandably, clients will have high demands on these services, such as having their own comfortable room rather than sharing with many others. Currently, the elderly centers and nursing homes previously mentioned primarily focus on providing specialized services. In such dedicated nursing homes, standard processes are in place to accept, transfer, or discharge senior citizens and people with disabilities according to regulations. Although Mongolians value family and wish to take care of elderly parents, many find it hard to devote time to them due to the fast pace of life. When a family member is sick, it can also strain everyone emotionally and financially, prompting people to seek professional healthcare. Health services and basic medical knowledge are crucial in elderly centers and nursing homes to manage common ailments like high blood pressure, heart and vascular diseases, or limb pain. However, due to strenuous working conditions, there's a shortage of manpower.

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Yesterday a 6-vehicle crash occurred on the road from Khöshig Valley Airport to Ulaanbaatar

Published: 2025-02-06 | Translated from: ikon.mn

Yesterday, around 12:25, a road traffic accident was recorded 4 km along the highway from Khöshig Valley Airport heading toward Ulaanbaatar city, in Sergelen soum, Tuv aimag. Due to snow and limited visibility, 6 vehicles were involved. To determine the cause of the accident, conduct site inspections and secure the area, traffic was temporarily restricted between 14:15 and 16:20. Inspections were conducted, and snow removal work was carried out by the Chingeltei District Public Utility Company to restore normal conditions, allowing traffic to resume as usual. The Traffic Police Agency advised citizens and drivers to ensure the technical condition of their vehicles, adjust their speed, and avoid long-distance travel if unnecessary. The meteorological agency has issued warnings that heavy snow, snowstorms, strong winds, and freezing temperatures are expected in the central, Gobi, and eastern regions today, increasing the risk of icy roads and reduced visibility.

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Environment

The Hearing on Air Pollution Targeting Khurelsukh!

Published: 2025-02-06 | Translated from: news.mn

Mongolian politicians have a history of embracing each other when their interests align but fiercely fighting when their interests conflict. Interests can be about power and money, and disputes between institutions arise when these are at stake. The problem can lie within the system and the people themselves. The hearing on air pollution reduction, organized at the State Palace over two days, was similarly ineffective and focused on political rivalries, as seen from the events that transpired there. Mongolia has spent approximately 4.7 trillion over the past 20 years trying to reduce Ulaanbaatar's air pollution. Despite this, Mongolia's capital ranks first in the world for air pollution. This statistic is evidence that air pollution has become a profitable business for politicians. Ulaanbaatar’s pollution will only decrease when politicians stop profiting from it. Until then, the city's residents have no choice but to hope for a change in the winds. The fourth hearing organized by the Parliament in the State Palace was on air pollution. Previously, open hearings were conducted on the Development Bank, coal theft, and the green bus swindle, accomplishing specific objectives. Listening to this hearing raises suspicion that it is a political maneuver targeting Khurelsukh. This is because the "subgroup" of the hearing discussed the financial expenditures of the "Tavantolgoi Fuel" company concerning improved fuel. The decision banning raw coal, made by the Khurelsukh government in 2018, took effect in May 2019. Consequently, "Tavantolgoi Fuel" was established, and M. Ganbaatar was appointed as its first director. Over seven years, the company developed three plants in the west, east, and center, spending 1.4 trillion in total on fuel production. 1.4 trillion is not a small amount. For example, 80 billion was used just on bags, which indicates substantial misuse of state budget funds. A tragic statistic reveals that 700 people have died due to improved fuel, as stated by MP J. Chinburen during an open hearing. The latest tragic incident occurred on January 24, 2025, when six people died in their sleep in a single household in Bayangol District due to improved fuel. The former executive director of "Tavantolgoi Fuel," who should be held accountable for all this, M. Ganbaatar, is now the Secretary-General of the Football Federation. He is the key person who should explain why the quality of improved fuel decreased. Also, there is a question mark over what the relevant ministries and agencies were doing to monitor the quality of improved fuel during this period. President Khurelsukh initiated the improved fuel, but monitoring and accountability fall under the responsibility of the relevant ministers and officials. From Chinburen’s open hearing led by just two culprits, one being President Khurelsukh and the other being MCS company’s J. Odjargal, who offered coal for free. Holding a hearing aimed at MCS, just before the Gashuunsukhait railway project is presented to Parliament, is politically motivated and seems to have achieved its goal. The entire nation knows that Jenko’s eternal nemesis is MCS’s J. Odjargal. MP J. Chinburen is known as a proxy representing J. Batulga within the MPP. Chinburen might carry a grievance against Khurelsukh because T. Munkhsaikhan, labeled as one of Khurelsukh’s ministers, took the Health Minister position he aspired to. Additionally, bringing the improved fuel issue to the public’s attention seems to have the ultimate goal of targeting the 2027 presidential election. H. Battulga, leading a "blue flag" parade with his "puppets" in the Parliament, might have an old grudge against Khurelsukh for betraying him in 2021. Battulga is known for not letting go of his targets until they end up in jail, as seen with M. Enkhsaikhan and S. Bayartsogt. Just like the saying that "Mikhail has one idea," it seems Battulga has many ambitions. Although he was stripped of the right to run for President due to the Constitution, his right to become Prime Minister is open. This is why he is contesting for the Parliament, waving a blue flag in the rural areas. Only one person is blocking him from having the power to place orders from the third floor of the State Palace. That person is Khurelsukh. The political sensation behind the air pollution hearing targeting Khurelsukh appears to read in this way.

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Electricity Discounts for Camping Sites Catering to Winter Tourists

Published: 2025-02-06 | Translated from: news.mn

I spoke with Ts. Tuvshinjargal, head of the Working Office of the Professional Association of Tourism. - The tourism sector has formed a professional association. Recently, the head of the association, Ts. Baatarsaihan, resigned at his own request. What is the current composition of the association? - In 2023, the Tourism Law was revised and adopted 23 years after it was first established. One of the numerous changes to the law was the formation of a joint or professional tourism association for participants in the sector. The first president of the association, Ts. Baatarsaihan, resigned at the end of December 2024, and T. Battulga was elected as the new president in a council meeting. The Association's Governing Council consists of 29 members and has not undergone any changes. Our newly elected president will likely define his own policies and direction. President T. Battulga is a seasoned professional with many years of experience in the tourism industry. Previously, he served as the Executive Vice President of the association. - The number of foreign tourists visiting Mongolia in the winter has increased. What has influenced this? - As of January this year, a total of 33,000 foreign tourists have visited Mongolia. At the same time last year, there were 28,000 foreign tourists. Contributing factors include Mongolia's encouragement of the tourism sector by announcing the "Visit Mongolia Year." Furthermore, advertisements and information promoting winter tourism have been actively disseminated internationally. Organizations that bring tourists have organized winter programs, and now tourist camps and hotels remain operational during the cold season. In past years, a large number of foreign tourists visited during the summer but few came in the winter, which limited the number of foreign tourists coming to Mongolia. By reducing the seasonality of the sector and developing winter tourism, it is possible to increase the number of foreign tourists. - The saying "Prepare your container when preparing your milk" seems relevant. With 145 tourist camps reportedly operating in the winter, only 55 were working in 2023. Shouldn't this number be increased? - It is indeed fewer compared to the number of camps and resorts operating in the summer. I cannot provide precise statistical figures. Operating a tourist camp during the winter is financially challenging. During the cold season, revenues decrease while heating and electricity costs are high. For instance, businesses that pay 2 million MNT in electricity bills during the summer must pay 15-16 million MNT during the winter. Tourist camps in remote locations, without infrastructure, often rely entirely on electric heating. However, in recent years, encouragement from the government and tour operators striving to bring in foreign tourists during the winter has had positive effects on accommodation facilities. Last winter, the government provided electricity discounts to operating tourist camps. Discussions are ongoing about how to support enterprises operating this winter. Foreign tourists are staying at tourist camps located in Khuvsgul, Arkhangai, Elsen Tasarkhai, Ulaanbaatar, and Gorkhi-Terelj. To further develop winter tourism, the number of camps and resorts must be increased. - From which countries are tourists coming to Mongolia in large numbers? - South Korea, China, and Russia are the countries from which the most tourists come. Following them are Japan, Kazakhstan, the USA, Germany, and France. We need to work more on markets with high growth and increase the number of tourists. Additionally, discussions with our two neighboring countries are being held to increase cross-border tourism and prepare tourist zones. If the visa issues are resolved effectively, the number of tourists entering Mongolia by land can be increased. We expect high growth in the near future. - Statistics indicate that 808,956 foreign tourists are visiting Mongolia while Mongolia's 3.4 million citizens traveled abroad. Could you provide numerical information about this? - In 2024, 808,956 tourists visited Mongolia, generating 1.6 million USD in revenue. We have set a goal to host one million tourists by 2025. Compared to January of last year, we are currently experiencing about a 10% growth, indicating that this goal is attainable. The government and private sector are working together in this direction. We have set the goal of making tourism one of the three main pillars of Mongolia's economy. Since last year, the Professional Association of Tourism has been organizing the "Tourism Week" to improve coordination within the industry, develop government policy, goals, and plans, discuss pressing issues, and plan how to promote Mongolia internationally. Regarding detailed statistics about Mongolians traveling abroad, I cannot provide specific figures. The Professional Association of Tourism registers organizations offering travel services based on legal requirements. To register, they must meet criteria such as work experience and professionalism. Currently, over 400 organizations and individuals are registered with the association.

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The number of districts at risk of dzud is increasing

Published: 2025-02-06 | Translated from: news.mn

The Institute of Hydrometeorology and Environmental Research has provided an assessment of the dzud risk for the entire country. As of the last ten days of January, 80% of the country is covered with snow. Specifically, the mountainous regions of Altai, Khangai, Khentii, and Khuvsgul, as well as the Tamsag valley, have over 20 cm of snow, while the districts of Naranbulag in Uvs, Bayankhairkhan, Tsetserleg-Uul, Tsetserlegchuluut, Otgon in Zavkhan, Gurvanbulag, Khureemaral, Bayanbulag, Galuut in Bayankhongor, and Eruu, Khuder in Selenge have 22-34 cm of snow. Other areas have a snow cover of 1-10 cm. In certain ravines and drifted areas, the snow depth reaches up to 60 cm. As of today, 30 districts in 10 provinces are in a white dzud condition, and 55 districts in 16 provinces are nearing such conditions. According to the dzud risk assessment, over 30% of the country is at very high and high risk, over 40% at medium risk, over 10% at low risk, and about 10% is considered risk-free. By provincial tally, most of Bayan-Ulgii, Uvs, Khovd, and Zavkhan, Govi-Altai, parts of Bayankhongor, Selenge, Khuvsgul, Arkhangai, and Uvurkhangai are at very high and high risk. Comparing with the dzud risk assessment as of December 31, 2024, the area considered risk-free has decreased, whereas the areas with low and medium risk have increased. The dzud assessment takes into account last summer's drought, summer pastures, winter-spring pasture capacity, pasture yield, livestock numbers, deviations from average air temperature and precipitation, snow cover thickness, and the forecast for next month's air temperature and precipitation. According to the summer condition assessment of August 20, 2024, most of Khovd, Uvs, Govi-Altai, Bayankhongor, and parts of Bayan-Ulgii and Zavkhan experienced drought and semi-drought conditions. Also, the winter-spring pasture capacity assessment for 2024-2025 indicates significant over-capacity in some districts of Bayan-Ulgii, Uvs, Khovd, Govi-Altai, Bayankhongor, Khuvsgul, and Arkhangai.

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Dundgovi: High Risk of Severe Winter in 5% of the Area, Moderate in Over 50%

Published: 2025-02-06 | Translated from: montsame.mn

According to the information from the Dundgovi Meteorology and Environmental Research Center, as of 10:00 AM today, the air temperature around Mandalgovi city is -26.1 degrees Celsius, with a north wind blowing at 12 meters per second and humidity at 51%. The organization warns of severe winds and cold weather in the coming days. Specifically, from February 6-8, the entire region of the province is expected to experience night temperatures of -27 to -32 degrees Celsius and day temperatures of -17 to -22 degrees Celsius. During other periods, night temperatures will be -23 to -28 degrees Celsius, and day temperatures will be -11 to -16 degrees Celsius. Light snowfall and snowstorms are expected on the sixth in some parts of the province. Based on the field snow measurements conducted every ten days, as of January 31 this year, 50% of the entire province is covered with snow. In Deren, Tsagaandelger, and Govi-Ugtaal soums, the snow depth is 3-4 cm, with a density of 0.16-0.30 g/cm³, while Saikhan-Ovoo and Undurshil soums have a snow depth of 2 cm, and other areas have a snow cover of 0-1 cm. Regarding the risk of severe winter, it is concluded that 5% of the entire province is at high risk, over 50% is at moderate risk, about 30% is at low risk, and approximately 15% is at no risk.

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What Measures to Take Before a Snowstorm?

Published: 2025-02-06 | Translated from: gogo.mn

Until the 8th of this month, despite most regions experiencing little wind storm activity, it will remain cold. Therefore, it is advised to ensure your safety when traveling long or short distances, dress appropriately, keep your livestock near the homestead, and prevent young children from going out with the livestock, as recommended by the Meteorology and Environmental Monitoring Agency. So, what measures should citizens, herders, and drivers take before a snowstorm? - Regularly receive and disseminate weather disaster and danger alert warnings, news, and signals through media and other information sources, and coordinate with your neighbors to prepare together. - Pass down traditional knowledge of weather prediction such as observing the sky, clouds, wind direction, and the movement and behavior of livestock and animals to children and youth. - Develop the knowledge and skills necessary to protect and rescue your own and others’ health and lives, and to provide first aid in case of a disaster. - Prepare food, drinking water, fuel, medicine necessary for providing first aid, a first aid kit, sanitary items, warm clothes, and secure lightweight dwellings like tents with heavy objects. - Charge and keep ready mobile phones, radios, televisions, and lighting devices. - Keep livestock close and shelter them in barns or pens during approaching winds and storms. - Store important documents and valuable items in a safe place that is known to family members, ensuring they do not get blown away. - Improve supervision and ensure the safety of children, pregnant women, the elderly, and people with disabilities. - Have reserves of hay and feed, insulate barns and shelters, protect wells and water sources, identify sheltered areas, and ensure everyone knows them. - Build and prepare winter shelters and pens that can accommodate the amount of livestock you own. Construct embankments and barriers to protect these shelters from being overwhelmed by snow and dust. - Participate in life, property, and accident insurance. - Avoid building homes or shelters under high voltage power lines. Until the 8th of this month, despite most regions experiencing little wind storm activity, it will remain cold. Therefore, it is advised to ensure your safety when traveling long or short distances, dress appropriately, keep your livestock near the homestead, and prevent young children from going out with the livestock, as recommended by the Meteorology and Environmental Monitoring Agency. So, what measures should citizens, herders, and drivers take before a snowstorm? - Regularly receive and disseminate weather disaster and danger alert warnings, news, and signals through media and other information sources, and coordinate with your neighbors to prepare together. - Pass down traditional knowledge of weather prediction such as observing the sky, clouds, wind direction, and the movement and behavior of livestock and animals to children and youth. - Develop the knowledge and skills necessary to protect and rescue your own and others’ health and lives, and to provide first aid in case of a disaster. - Prepare food, drinking water, fuel, medicine necessary for providing first aid, a first aid kit, sanitary items, warm clothes, and secure lightweight dwellings like tents with heavy objects. - Charge and keep ready mobile phones, radios, televisions, and lighting devices. - Keep livestock close and shelter them in barns or pens during approaching winds and storms. - Store important documents and valuable items in a safe place that is known to family members, ensuring they do not get blown away. - Improve supervision and ensure the safety of children, pregnant women, the elderly, and people with disabilities. - Have reserves of hay and feed, insulate barns and shelters, protect wells and water sources, identify sheltered areas, and ensure everyone knows them. - Build and prepare winter shelters and pens that can accommodate the amount of livestock you own. Construct embankments and barriers to protect these shelters from being overwhelmed by snow and dust. - Participate in life, property, and accident insurance. - Avoid building homes or shelters under high voltage power lines.

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Delgermurun River Basin May Lose Permafrost by 2085

Published: 2025-02-06 | Translated from: unuudur.mn

The Ministry of Environment and Climate Change, the Implementing Agency of the Government's Water Authority, and the administration of the Delgermurun and Shishhed rivers are jointly discussing the draft integrated water resource management plan for the Delgermurun river basin. This management plan was developed with financial support from the international organization "The Nature Conservancy," and during the research and monitoring process, serious results and indicators have emerged, which were presented by experts. For example, currently, 97.5% of the basin's area is still covered with permafrost. However, it is estimated that by 2035, this will decrease to 35%, by 2065, 45.9% will have disappeared, and by 2085, only 3.5% will be covered with sporadic, minimal permafrost. It was warned that when a one-year-old child today reaches 80 years old, the Delgermurun river basin could become permafrost-free, risking ecological collapse and degradation. Therefore, it is important to implement appropriate policies and plans to prevent and limit permafrost thawing and protect the water resources and ecosystem.

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Innovation

Half of the Standards in Our Country Meet International Levels

Published: 2025-02-06 | Translated from: gogo.mn

Currently, our country implements a total of 6,693 standards, of which 45% meet international standards. Additionally, the fees for services related to standards and metrology have been revised and are now applied. Last year, with an investment of 3.4 billion MNT, the capacity of standard equipment was increased, and for the first time in Mongolia, a laboratory was established to verify and calibrate gas meters. Moreover, the National Reference Laboratory for Food Safety has become capable of fully determining pesticide residues, thus improving the conditions for ensuring food safety. The departments of standards and metrology in 11 provinces have newly established laboratories to verify and calibrate physical, chemical, and dimensional measuring instruments. This information was provided during the training and consultation meeting of the management of the standards and metrology sector. The Government's 2024-2028 action program includes the implementation of the "One Country - Unified Standard" program. This aims to support construction and mega projects, encourage technology-based innovation, adapt international standards locally, and enhance the technical capabilities of metrology and testing laboratories. To further the development of the standards and metrology sector, address its pressing issues, and ensure a healthy and safe living environment for the population, a draft of the revised "Law on Standardization, Technical Regulation, and Conformity Accreditation" will be developed. Deputy Prime Minister S. Amarsaikhan emphasized that preparations for discussions in the spring session of the Parliament are underway.

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Artificial Intelligence to Analyze Traffic Movement in Ulaanbaatar

Published: 2025-02-06 | Translated from: ikon.mn

In partnership with the British company Skyral, the initial meeting was held yesterday to develop models based on big data as part of efforts to reduce traffic congestion in Ulaanbaatar. During the meeting, Mayor K. Nyambaatar stated, "This year, the city will implement projects to reduce road congestion, develop a multi-modal public transportation system, and reduce air pollution. Specifically, we are preparing to launch major infrastructure projects such as the Tuul Expressway, Circular Expressway, two tramway lines, and a metro line. To implement these projects and programs, we will conduct all engineering planning based on big data-driven models. Therefore, we organized the initial meeting with Skyral, a UK technology company, to establish big data-based models for Ulaanbaatar city." The big data-based modeling will use artificial intelligence to assess people's mobile phone movements and routes to determine the best possible models. For example, it will identify optimal locations for tramway line 1 stations to serve the maximum number of people from the area and determine how to route the Circular Expressway for maximum impact on reducing traffic congestion. This collaboration will help Ulaanbaatar begin engineering and public transport planning based on big data models. Skyral is a technology company that uses artificial intelligence to develop the latest models and implement practical, flexible, and efficient solutions for governments and businesses. The meeting included the participation of the Mayor of the capital city and Governor of Ulaanbaatar K. Nyambaatar, the first deputy governor responsible for economic development and infrastructure, T. Davaadalai, Skyral's director Nicholas John Blair, and other relevant officials. Warning: Media organizations (Television, Radio, Social and Websites) must mention the source (ikon.mn) when using our information in any form, in whole or in part.

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There are 6693 standards in effect in Mongolia

Published: 2025-02-06 | Translated from: unuudur.mn

In Mongolia, a total of 6,693 standards are currently in effect. Of these, 44.8% meet international levels, as highlighted during a meeting of leaders from the standardization and metrology sector. Additionally, officials noted that the fees for services in this sector have been updated and are currently being implemented. Last year, the state budget allocated 3.4 billion MNT to this sector, enhancing the capacity of standard equipment and establishing a laboratory for the first time in Mongolia to test and certify gas meters. The national reference laboratory has been able to fully detect pesticide residues, ensuring food safety standards. Additionally, standard and metrology departments in 11 provinces have been provided with laboratories to test and verify measuring tools related to physics, chemistry, and length. During the meeting, it was pointed out that there is a need to further refine the systems of standardization, metrology, conformity assessment, and sample control to contribute to the development of national production. Specifically, there is a need to ensure that all operations in this sector and public services meet standard requirements, whether they are implemented in provinces or the capital city. In order to facilitate the sector's future development, address current issues, and ensure a healthy and safe living environment for the population, a revised draft of the Standardization, Technical Regulation, and Conformity Assessment Law has been prepared. This will be considered in the spring session of parliament. Furthermore, many of the existing standards are undergoing a review process. Based on this review, necessary updates will be made, including updates, amendments, cancellation of older standards, or the development of new ones. This review will play an important role in determining changes and maintaining relevant standards.

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Health

MNCCI: One in Five People in Mongolia Dies from Cancer

Published: 2025-02-06 | Translated from: itoim.mn

Cancer remains one of the leading causes of death in Mongolia, with one out of every five deaths attributed to cancer, as reported by the Xinhua news agency citing information from the National Cancer Center. The agency highlighted the statement from Mongolia's National Cancer Center released on World Cancer Day, observed every February 4th, noting that "in 2024, a total of 4,755 people in Mongolia have died from cancer, which means that one in five died from cancer." Additionally, in 2024, there were 8,169 new cases of cancer reported in Mongolia, a figure that has increased by almost 13% compared to the previous year, in a country with a population of 3.5 million. The increase in new cancer cases in Mongolia is attributed to improved early detection. Specifically, while 80% of cancer patients in Mongolia used to be diagnosed at a late stage, this has now decreased to 65%. The types of cancer most commonly found among Mongolians include liver, stomach, lung, cervical, and colon cancer, which have long been challenges for public health in the country.

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"Nest Education" school incident involving quartz lamp exposure

Published: 2025-02-06 | Translated from: isee.mn

Students at "Nest Education" school for primary grades were taught under a quartz lamp, resulting in a serious incident where the children were exposed to radiation and suffered adverse health effects, which director G. Tömörzaya attempted to conceal. There have been several incidents across general education schools where students, while attending classes, have faced health risks and even potential threats to their lives due to exposure to harmful elements. For example, in 2023, students of the 18th general education school were poisoned by an unknown substance, requiring medical attention and a temporary shift to online classes. Similarly, in 2022, students of the "Oyuny Öriüütei" school complex in Darkhan-Uul province were exposed to tear gas, leading to medical treatment and considerable distress among the parents. - QUARTZ LAMP USAGE PROHIBITS HUMAN PRESENCE IN THE ENVIRONMENT - In the case of the "Nest Education" primary school under the leadership of director G. Tömörzaya, students were reportedly exposed to a quartz lamp for extended periods, resulting in symptoms such as bleeding from the eyes, skin burns, and signs of poisoning. Specifically, on the start of the second semester, at the Khan-Uul branch of "Nest Education" primary school, the quartz lamp next to the blackboard in the second-grade classroom was left on for the entire day during classes. As a result, students returned home with red eyes and burnt facial skin, showing symptoms of poisoning. The parents, unaware of the exposure to the quartz lamp, speculated that their children might have contracted an "eye disease" and discussed the matter in the class's group chat, raising the issue of what had actually happened. Upon inquiry, it was revealed by the classroom teacher and school administration that the quartz lamp in the classroom of teacher A had been left on for a prolonged period during lessons, leading to the students' symptoms. Most concerning is the fact that the school initially informed parents that the quartz lamp was only on between 6:00 and 9:00 in the morning. However, security camera footage showed that the quartz lamp remained on from 6:00 to 15:40, covering the entire duration of class hours. Quartz lamps, which emit ultraviolet light, are used to sterilize rooms by eliminating bacteria, germs, and mold on walls. During the sterilization process using ultraviolet light, it is prohibited for humans or animals to be present in the room, as the lamp emits radiation powerful enough to cause genetic mutations in humans. Despite this, "Nest Education" primary school had students in a classroom with an active quartz lamp for half a day, resulting in harm to the students' health. According to sources, director G. Tömörzaya attempted to keep the incident under wraps, later apologizing to the children's families and agreeing to cover the healthcare costs related to the incident.

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Sports

Over 100 Foreign Athletes to Participate in Ulaanbaatar Winter Festival Starting on the 15th of This Month

Published: 2025-02-06 | Translated from: ikon.mn

The "Ulaanbaatar Winter Festival" event is set to be held at the "Sky Resort" ski base on the 15th and 16th of this month. In addition to over 1,000 teams and athletes from Ulaanbaatar city and 21 provinces, more than 100 foreign athletes from Inner Mongolia, Xinjiang Uygur, Tuva, and Buryatia of China, which are part of the Mongolic peoples, have confirmed their participation. The festival aims to promote and introduce Mongolia's beautiful winter season, customs, heritage, and unique culture, as well as to pass them on to the younger generation. It also seeks to introduce the newly developing extreme winter sports and travel activities to the residents of the capital and to offer a joyful time for families over the weekend. Competitions to be held during the festival include: - National Championships and amateur competitions in Ice Archery
- National Championships and amateur competitions in Ice Ankle Bone Shooting
- Snowboarding competition
- City Championships in Paragliding
- City Championships in Snow Rugby
- Amateur Mountain Skiing competition
- Amateur Ice Wall Climbing competition
- City Championships in Curling
- Family Relay Race and Tug of War competition
Shows and services include: - Parachuting show
- Falconry show
- Food and drink services
- Services for skiing and sledding
Note: Media organizations (Television, Radio, Social Media, and Websites) must mention their source (ikon.mn) when using our information, whether in full or in part.

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Young Judokas to Compete in the European Cup Series

Published: 2025-02-06 | Translated from: montsame.mn

The European Cup series competition will begin in Italy and Bosnia and Herzegovina on the 8th of this month. From our country, young athletes will be competing under the leadership of Labor Hero Kh. Tsagaantumur, Olympic and World Championship bronze medalist G. Otgontsetseg, and international master D. Altansukh. Notably, the junior European Cup competition will be held in Genoa, Italy. Meanwhile, the youth European Cup competition will take place in Sarajevo, Bosnia and Herzegovina. These two competitions are distinguished by the fact that they award points for world rankings and junior and youth world championship qualifications. Athletes aged 15-17 will participate in the Italian competition, and as of today, 523 young judokas from 21 countries have registered to compete. From our country, 11 male and 6 female junior judokas will compete. Specifically, for the boys: T. Tegshkhusel will compete in the 50 kg category, P. Altantsooj in 55 kg, B. Tsolmon-Od, N. Tegsh-Ochir, and B. Sodmandakh in 60 kg, N. Erdemdalai and B. Chingunjav in 66 kg, B. Dalaitseren, B. Temuulen, and B. Gerelt-Och in 73 kg, and L. Khuleg in 90 kg. For the girls: Ts. Amin-Erdene will compete in 44 kg, B. Gundegmaa in 52 kg, B. Tseendbazar and E. Oyundelger in 57 kg, Kh. Maralma in 63 kg, and Sh. Ariunmunkh in 70 kg. In the competition organized in Bosnia and Herzegovina, athletes aged 15-20 will participate, and as of today, 395 judokas from 23 countries have registered to compete. From our country, last year's junior world championship silver medalists B. Bat-Enkherel and M. Tergelsar will compete in the -60 kg category.

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Today's Stories

Politics

Economy

Diplomacy

Infrastructure

Society

Environment

Innovation

Health

Sports

Politics

TODAY: Meeting on Tax Law Reforms

EVENT: Meeting discussion related to tax package reform

J. Batts has been appointed as the Government's Plenipotentiary Representative

J. Batzandan Appointed as Plenipotentiary Representative by the Government

The White House Clarified Trump's Proposal to Occupy the Gaza Strip

J. Batzandang Appointed as Government Representative to Negotiate in Strategic Deposits

MCPGR Company's Employment Permit Cancelled

Economy

"Not Much Worse, Not Much Better" - Mining Companies Give Mongolia's Investment Climate a Score of 52.2 Out of 100

China's 15% Tariff on US Coal Creates Opportunities for Mongolia's Exports

Entrepreneurs in the Western Region Incur Losses Traveling 2000 km for Goods and Materials

Stepped Interest Rate Options to be Offered for Mortgage Loans

B. Lakshmi: Investors Just Want Stability and Clarity from Mongolia

Golomt Bank Secures Long-Term Green Loan Financing from SIMPL Investment Company

Selling Carbon Monoxide Detectors at Six Times the Price

BOND ADVISORS ADVISE: WHY SHOULD YOU INVEST IN BONDS?

B.Ragchaa: Citizens and Workers Are Burdened by Over 40 Types of Taxes, Fees, and Contributions

The Uncertainty of the 2024 Dividend Distribution for the 1,072 Shares

Mutton and Beef Priced at 12,000 to 14,000 MNT

S. Erdenebat: People Owning More Than Five Apartments and Expensive Properties Should Pay Taxes on Rental Income

"LendMN JSC" Will Distribute Dividends to Shareholders from 2024 Net Profit

Mortgage Loan Balance Increased by ₮1.6 Trillion in 2024

People with more than five properties and expensive assets should be taxed on rental income

Diplomacy

Prime Minister L.Oyun-Erdene to Visit China Next Week

Prime Minister L.Oyun-Erdene Attends Reception for the Emperor of Japan's Birthday

Finland's Newly Appointed Ambassador Received

Uzbekistani Company Expresses Interest in Cooperation with Mongolia Two Years After Donating Buses

PHOTO: Japanese Emperor's Birthday Honored

Infrastructure

Signed Construction Contract for Oil Refinery Plant

International and Domestic Summer Flight Schedule

Signing of the "Gashuunsukhait-Gantsmod Border Railway" Agreement

Companies to Reduce Steps and Connect to Energy Within 40 Days

SELENGE: A Project for 2,000 Housing Units to be Implemented in Mandal District

Branch Railway to be Built on Bagakhangai-Khushig Valley Route

Heating Outage in New Nalaikh Neighborhood for an Entire Day

17 Airlines Will Operate 10,116 Flights on 22 Routes This Summer

Society

Warning: Three Young Children and One Adult Die in Fire

Warning to Avoid Travel on Long and Short Distances

Will Elderly Care Services Become a Reality?

Yesterday a 6-vehicle crash occurred on the road from Khöshig Valley Airport to Ulaanbaatar

Environment

The Hearing on Air Pollution Targeting Khurelsukh!

Electricity Discounts for Camping Sites Catering to Winter Tourists

The number of districts at risk of dzud is increasing

Dundgovi: High Risk of Severe Winter in 5% of the Area, Moderate in Over 50%

What Measures to Take Before a Snowstorm?

Delgermurun River Basin May Lose Permafrost by 2085

Innovation

Half of the Standards in Our Country Meet International Levels

Artificial Intelligence to Analyze Traffic Movement in Ulaanbaatar

There are 6693 standards in effect in Mongolia

Health

MNCCI: One in Five People in Mongolia Dies from Cancer

"Nest Education" school incident involving quartz lamp exposure

Sports

Over 100 Foreign Athletes to Participate in Ulaanbaatar Winter Festival Starting on the 15th of This Month

Young Judokas to Compete in the European Cup Series

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