Jan 15, 2025 63 min read Daily News Summaries

Mongolia News Summary for January 15, 2025

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

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Politics

B.Javkhlan: Legal Reforms Will Be Made So Low-Income Citizens Pay Less VAT

Published: 2025-01-14 | Translated from: itoim.mn

Finance Minister B. Javkhlan introduced the decisions made at the government meeting. During today's meeting, a call was made to direct donations and aid toward construction projects to combat the pressing issues of air pollution and traffic congestion, in connection with the declaration of Ulaanbaatar as the year of infrastructure in 2025. In this regard, state-owned enterprises will be detailed with regulations to allocate tax incentives and support against Ulaanbaatar's air pollution and congestion issues. When asked about supporting the bill to reduce VAT to five percent, Deputy Speaker of Parliament B. Purevdorj and Parliament Members Ch. Lodoi-Sambuu, A. Undraa, and G. Uyangakhishig received clarification from Finance Minister B. Javkhlan: "As of now, no official information has been received. However, we will introduce tax reform bills during the spring session. The core of the government's upcoming tax law revisions will be VAT. The E-receipt system, developed by the tax authority over the last 10+ years, has become sophisticated and meets international standards. Some countries are using our E-receipt system as a model, learning from us. Based on these capabilities, we will implement VAT reform. About 10% of VAT payers contribute 60% of VAT revenue. Instead of providing broad-based incentives, the government is preparing comprehensive tax reform laws to offer VAT relief specifically targeted at lower-income groups. There will be no increase in any tax rates through the tax package changes. We will adhere to the principle of expanding the tax base on the revenue side based on economic growth and opportunities. However, comprehensive changes are being prepared to make taxes clearer to citizens and businesses. Additionally, discussions among taxpayers will be held in January, February, and March. Surveys have already begun. Once the fall session of the Parliament concludes, a broad discussion will be held, including medium-sized enterprises and manufacturing. Issues and suggestions will be discussed in detail during these discussions," he said.

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Pre-trial Review of D.Nyamjav's Case of Alleged Collaboration with Foreign Intelligence

Published: 2025-01-14 | Translated from: isee.mn

The pre-trial review for the case involving D. Nyamjav, accused of collaborating with a foreign intelligence service, has taken place, and the case has been forwarded to court. Previously, it was reported that D. Nyamjav, a citizen of Mongolia, was implicated in a case concerning alleged cooperation with a foreign intelligence service and that his pre-trial hearing was scheduled. Following this, the pre-trial review has been completed, and the case has been forwarded to the court. The court has scheduled the trial to determine guilt for the 27th of this month. The prosecutor's office of the capital has charged D. Nyamjav under Article 19.4-1 of the Criminal Code, which pertains to a Mongolian citizen conspiring to cooperate with a foreign intelligence service, actually cooperating, and stealing, collecting, storing, or passing on state secrets, documents, or items with the intention of transferring them to a foreign organization or individual.

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B.Javkhlan: Tax Package Reform Will Not Increase Rates

Published: 2025-01-14 | Translated from: ikon.mn

Finance Minister B. Javkhlan provided information on the decisions made at the government meeting. At this event, he briefly introduced the changes to the Tax Package Law that are being prepared for submission in the spring session. Finance Minister B. Javkhlan stated, "The Tax Package Law project will be submitted during the spring session. This time, the core of the tax reform to be submitted by the government will be the Value Added Tax (VAT). The E barimt system, developed by the tax authority over the past 10 years, has become very sophisticated. Some countries are taking our E barimt system as a model and learning from us. Based on these opportunities, we will reform the VAT. Ten percent of VAT payers account for 60 percent of total VAT revenue. Therefore, rather than giving blanket discounts, the goal is to provide refunds and benefits to the lower income segments. In connection with the submission of the Tax Package Law, public discussions will be held in the months of January, February, and March. The Ministry of Finance has started collecting public opinions online. With the changes in the Tax Package, rates will not be increased. We will adhere to the principle of expanding the tax base regarding budget revenue. All these matters will be discussed in detail during the public consultations and the feedback will be incorporated." Warning: Media organizations (TV, Radio, Social, and Web pages) must always cite the source (ikon.mn) when using our information, fully or partially, in any form.

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B.Javkhlan: We will reform the tax package law, but will not increase taxes

Published: 2025-01-14 | Translated from: gogo.mn

The government is presenting the decisions of the cabinet meeting.

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O.Altangerel: In the last five years, the government has paid over 60 billion MNT in compensation to citizens unjustly dismissed from jobs

Published: 2025-01-14 | Translated from: itoim.mn

The Minister of Justice and Home Affairs, O. Altangerel, presented the decisions made at the government meeting. Today's government meeting discussed issues related to the damages caused to citizens and businesses by state organizations and officials. Specifically, state officials unjustly harm citizens by unlawfully dismissing them from their jobs, and the state provides compensation for this. The Ministry of Justice and Home Affairs sent a requirement to the General Prosecutor and State Auditor to create a unified information database. This decision enables the compensation for damages to the state to be recovered from the responsible officials. Over the past five years, the state has paid more than 60 billion MNT in compensation to citizens unjustly dismissed from their jobs. However, this money has not been reimbursed to the state by the responsible officials. Regarding this issue, the Minister of Justice and Home Affairs, O. Altangerel, stated, "People are dismissed from their jobs, and the court determines that the dismissal was unjustified. In such cases, the state pays the person's salary. However, the responsible official does not pay this money back to the state. Therefore, we discussed at the government meeting the procedure for ensuring that officials who cause damage to the state are responsible for reimbursing the damages."

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O.Altangerel: Government Officials Who Cause Damage to the State Will Have to Compensate It Themselves

Published: 2025-01-14 | Translated from: isee.mn

Today's regular government meeting discussed a regulation concerning "Government officials causing damage to the state will have to compensate it themselves in the future." The Minister of Justice and Home Affairs, O. Altangerel, introduced the issue. He explained, "In the last five years, due to the wrongful activities of government employees, damage amounting to more than 60 billion tugrugs has occurred, and this has been compensated from the budget. The government discussed issues related to damage caused to citizens and businesses by state officials. Guilty government officials harm citizens, for example, by unlawfully dismissing people from jobs or harming business organizations, and then the state reimburses the money according to the law. Each year, many billions of tugrugs are paid due to the wrongful actions of government employees. This money does not get reimbursed into the state budget, and we want to take measures on this issue. The Ministry of Justice and Home Affairs, the State General Prosecutor's Office, the State General Audit, and other organizations have been informed about this issue, and we have decided to create a database and implement specific measures to recover the damages to the state from responsible officials." He further stated, "When a person is unjustly dismissed, and this is confirmed by the court, their salary is paid by the state, and the responsible official does not repay this money. Specific wrongful decisions by officials cause damage to businesses. The state compensates this, and guilty officials do not take responsibility or reimburse the money."

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O.Altangerel: Officials Who Make Wrong Decisions Should Repay the Damage They Cause to the Government

Published: 2025-01-14 | Translated from: ikon.mn

At today's government meeting, the issue of how to recover damages caused by public officials to citizens and businesses was discussed. The decision related to this issue was introduced by Justice and Internal Affairs Minister O. Altangerel. He stated, "Officials who are at fault often cause harm to citizens, illegally dismiss them from work. Then, according to the law, the state covers the damages for the period of harm. Every year, tens of billions of tugriks are paid due to the wrongful actions of public officials. This issue does not just get absorbed into the state budget; appropriate measures must be taken. Therefore, the Ministry of Justice and Internal Affairs, the General Prosecutor's Office, and the General Audit Office will establish a unified information database. With this, the government will implement measures to recover damages from the responsible official in cases of harm to the state. In reality, it is often determined by the courts that a person was unjustly fired. The state pays that person's salary, but the responsible official does not reimburse that money. Due to the decisions of specific officials, the government compensates for the damages incurred by business entities. These officials do not face accountability or financial penalty. Going forward, at the government meeting, a regulation was discussed according to which the officials themselves should pay for the damages caused to the state. In the last five years, there has been damage amounting to 60 billion tugriks, but the responsible officials have not reimbursed it. A director or boss's unilateral decision leads to lawsuits, and by the time the person returns, there might be a new manager. The person returning might hear things like ‘if we give you your job, we might not pay your salary,’ like it’s a bargaining situation. The state will pay the salary if the decision was wrong. The manager who signed the order of dismissal will be responsible for reimbursing the state. Although this provision is present in the law, its implementation is insufficient. Any official who signs a wrongful decision will personally pay for the damage caused to the state. Warning: Media outlets (Television, Radio, Social Media, and Websites) must mention the source (ikon.mn) when using our information in any form, fully or partially.

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The Extended Government Meeting Has Begun

Published: 2025-01-14 | Translated from: gogo.mn

The extended meeting of the government on regional development issues started today, with the Prime Minister confirming the governors of aimags, marking the start of the extended government meeting. Today's meeting will discuss: - Policies and standardized solutions for regional development. - Measures to reduce air pollution. - Some issues related to implementing tax exemptions stipulated in Article 22.9 of the Corporate Income Tax Law. - Some measures to be taken regarding "Tavan Tolgoi Fuel" LLC. - A draft of government resolution on accelerating measures to compensate state damages, among other 18 issues to be discussed. The extended government meeting on regional development issues commenced today, marked by the confirmation of aimag governors by the Prime Minister, initiating the extended government meeting. The agenda includes: - Regional development policies and standardized solutions. - Measures to reduce air pollution. - Issues related to implementing tax exemptions specified in Article 22.9 of the Corporate Income Tax Law. - Measures regarding "Tavan Tolgoi Fuel" LLC. - A draft of a government resolution on expediting measures to redress state damages, among a total of 18 issues to be addressed.

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Ts. Davaasuren: President Kh. Battulga Should Apologize for the Unimplemented Baganuur Plant Project

Published: 2025-01-14 | Translated from: isee.mn

During the recent meeting of the Economic Standing Committee of the State Great Khural, the draft loan agreement for the "Energy-3 Project" between Mongolia and the International Bank for Reconstruction and Development was discussed. At this event, Member of Parliament Ts. Davaasuren stated, "When I became minister, the contract for the Baganuur plant was already signed. The project for the fifth power plant in Ulaanbaatar was halted, and this contract was established. At that time, there was talk at the National Security Council about a large number of Chinese workers coming, and the National Security Council issued an official letter to the Ministry of Energy to not implement this project. If an apology is due, it should come from the then-President. At that time, Kh. Battulga was the President. The letter from the National Security Council is still with the Ministry of Energy. The Ministry of Energy, understanding the importance of this kind, did not issue any decision to stop this project during my tenure. The project is ongoing and has not been dismantled. Issues arose only after Chinese President Xi Jinping pledged at the UN not to finance coal projects in foreign countries. Apart from this, no decision was made by the Ministry of Energy to halt this project. I have been repeatedly slandered about the Baganuur plant. If there is any official decision regarding the stalling of the Baganuur plant, let it be provided to Member N. Ganbat. If I made such a decision, I am ready to bear political responsibility. It is completely unacceptable to slander someone. The issue arose because the Chinese side stopped financing coal, not because of any decision from my side. I'm not Xi Jinping," he said.

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Kh. Nyambaatar: I Did Not Establish the Ulaanbaatar Representative Office, Nor Did I Appoint Anyone

Published: 2025-01-14 | Translated from: isee.mn

The Mayor of Ulaanbaatar, Kh. Nyambaatar, addressed several current issues. He stated, "Erdenes Tavan Tolgoi has now established its own coal processing plant. A coal processing plant means that it will wash coal. Thus, starting this spring, we will begin operations by using the washed coal as raw material. The washed coal will be supplied to the Tavan Tolgoi enhanced fuel factory. 'Erdenes Tavan Tolgoi' has received a total financing of 1.5 trillion MNT. As for accumulated losses, it stands at a total of 1.2 trillion MNT. Since December 1, the enhanced fuel factory has been transferred to the city, so we will not be responsible for the previous debts. We have been given the responsibility to eliminate and settle previous debts and claims. Also, since I became Mayor, I have not newly established any representative offices nor appointed any new individuals. I have not even met with some of them. Currently, I do not plan to open new representative offices or make new appointments," he said.

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P. Sainzorig: Most Owners of Insurance Companies are Politicians

Published: 2025-01-14 | Translated from: gogo.mn

The Gogo team is working to provide information directly. A hearing is being held to appoint a candidate for the positions of Chairman of the Financial Regulatory Commission, Non-Standing Member of the Financial Regulatory Commission, Chairman of the Supervisory Board of the Financial Regulatory Commission, Member of the Mongolian Bank's Monetary Policy Supervisory Board, and Member of the National Statistical Committee. Q&A was held with L. Sonor, candidate for Non-Standing Member of the Financial Regulatory Commission. L. Sonor's education: 1. Tsinghua University, China - 2021.09 - 2022.06 Public Administration
2. Washington University, USA - 2011.09 - 2014.05 Finance and Business Administration
3. Tacoma Community College, USA - 2008.09 - 2010.05 Business Administration
Work experience: 1. Ministry of Finance - Financial Policy Department, Head of Financial Market and Insurance Division 2018.04 - 2024.07
2. Ministry of Finance - Financial Policy Department, Debt Management Division Specialist 2017.09 - 2018.04
3. Ministry of Finance - Financial Policy Department, Contract Employee at Debt Management Division 2017.01 - 2017.09
4. Ministry of Finance - Financial Policy Department, Debt Management Division Consultant (World Bank) 2015.07 - 2016.12
Member of Parliament P. Sainzorig asked about the possibility of aligning the insurance system with citizens' ownership rights and reliable property. He stated, "There is almost no competition in the insurance sector. However, competition exists only in compulsory insurance, which directly 'sucks out' from citizens. There is no competition in other voluntary insurance, unable to bear risks, and unwilling to share risks. They just want to expand the areas where money comes in easily. Thus, the share of compulsory insurance should be kept low. This will reveal the true nature of competition. I am ready to name the owners of the insurance companies. They are always politicians." He shared his opinions during discussions on laws related to finance and economics in the session of the State Great Khural, emphasizing that he is experienced in "saving face" at international meetings, contributing to Mongolia exiting the FATF's gray list. He advised, "This is a very challenging sector for pursuing financial policies because of these issues. Lead with courage as a young person. If these issues are not resolved, business in Mongolia will not develop, and risks will always be paid with taxpayers' money." Regarding driver's liability insurance, candidate L. Sonor stated, "This law presents a very feasible option if proper information is provided in advance. For example, in America, the amount of insurance for irresponsible drivers increases, while it decreases for responsible ones." Member of Parliament M. Mandkhai stated, "There is a need to enhance the transparency of loans, investments, and operations of joint-stock companies, as this information is crucial for shareholders. There is no oversight to ensure reports are presented correctly," to which candidate L. Sonor replied, "I see possibilities to activate operations using technology and electronic methods. For instance, shareholders can directly connect and receive information during meetings and other such methods." He was highlighted as someone experienced in contributing and "saving face" at international meetings related to finance and economics, especially helping Mongolia exit the FATF gray list during the State Great Khural sessions. If he is elected as a Non-Standing Member of the Financial Regulatory Commission, members wish for him to work with diligence and integrity.

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Economy

Residential Property Prices in Ulaanbaatar Increase by 14% Compared to Last Year, Valued at 5.7 Million MNT per Square Meter

Published: 2025-01-14 | Translated from: isee.mn

As of December 2024, the price of residential properties in Ulaanbaatar has increased by 14.6% compared to the same period last year and by 1.1% from the previous month. When considering the age of the residential properties, the price of new properties has increased by 12.6% from the same period last year and by 1.4% from the previous month. The price of old properties has increased by 16.0% from the same period last year and by 1.1% from the previous month. In December 2024, the average price per square meter of new residential properties is 4.65 million MNT, with the highest price being 5.72 million MNT in Sukhbaatar District.

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Sign Investment Agreement with Orano Mining Company

Published: 2025-01-14 | Translated from: news.mn

The regular meeting of the government cabinet session discussed and resolved the following issues. Instructions were issued to implement the tax incentives provided in the law on corporate income tax. In connection with the announcement by the government of Mongolia that 2025 is the "Year of Supporting the Development of the Capital's Infrastructure," relevant officials were instructed to implement the tax incentives outlined in the law on corporate income tax. The requirements and standards for projects and activities enjoying tax incentives must include initiatives to reduce air and soil pollution in Ulaanbaatar city, build public roads, and develop public transport, as instructed to the relevant government members. Since the law on corporate income tax was enacted, the Ministry of Finance and the General Tax Authority have been providing unified guidance and directives to ministries, and sectoral ministers have approved their own requirements and standards within their jurisdiction. In connection with the declaration of the "Year of Supporting the Development of the Capital's Infrastructure," tax incentives are to be allocated for efforts to reduce air and environmental pollution in Ulaanbaatar city, build public roads, and develop public transport, as instructed to state and local government-owned companies, the State Property Policy and Coordination Agency, and "Erdenes Mongol" LLC. An investment agreement will be signed with the "Orano Mining" company. The government of Mongolia has authorized the Minister of Mongolia and Chief of Cabinet Secretariat N. Uchral, Minister of Finance B. Javkhlan, Minister of Industry and Mineral Resources Ts. Tuvshin, Minister of Environment and Climate Change S. Odontuya, Secretary of the Nuclear Energy Commission G. Manlaijav, and CEO of "Erdenes Mongol" LLC S. Narantsogt to sign the investment agreement to be established with the "Orano Mining" company, the investor in the Mongolian-French joint venture "Badrakh Energy" LLC, registered in the Republic of France. The investment agreement will be signed on January 17, 2025. This agreement represents the second largest investment agreement to be signed by the government of Mongolia with a third country. It is expected to increase foreign investment, concentrate funds in the state and local budgets, create jobs, introduce new technology, and promote international cooperation, thus having a direct impact on society and the economy. It is also seen as setting a benchmark for future investment agreements in the mining and mineral sector. Summary news: Due to the decision for state and local self-governing bodies to conduct official correspondence in Cyrillic and national script, relevant organizations have been sent "Recommendations" to ensure implementation with unified management and coordination, with oversight by Minister of Education P. Naranbayar. Government members, provincial and capital city governors, and heads of government agencies were instructed to take appropriate measures according to the recommendations.

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Signing of Investment Agreement with Orano Mining Company

Published: 2025-01-14 | Translated from: gogo.mn

At the regular Cabinet meeting, the following issues were discussed and decided. The Government of Mongolia has granted the authority to sign an Investment Agreement with the Orano Mining Company, registered in the French Republic, which is an investor in the Mongolian-French joint company, Badrakh Energy LLC. The authority to sign was granted to N. Uchral, Minister and Chief of the Cabinet Secretariat of the Government of Mongolia; B. Javkhlan, Minister of Finance; Ts. Tuvdendorj, Minister of Industry and Mineral Resources; S. Odontuya, Minister of Environment and Climate Change; G. Manlaijav, Secretary of the Nuclear Energy Commission; and S. Narantsogt, Executive Director of Erdenes Mongol LLC. The Investment Agreement is scheduled to be signed on January 17, 2025. This agreement is considered the second largest investment agreement that the Government of Mongolia will enter into with a third country. In addition to the direct impact on the economy and society, including increasing foreign investment, accumulating funds into the state and local budgets, creating jobs, introducing new technologies, and fostering international cooperation, it is expected to set a precedent for future investment agreements in the mining and mineral sector.

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The exchange rate of Mongolian Tugrik against US Dollar has increased by 46 MNT in the last three months

Published: 2025-01-14 | Translated from: isee.mn

The main role of the Bank of Mongolia is to ensure the stability of the national currency, the Tugrik. However, the Tugrik has been continuously depreciating against the US Dollar since October of last year. Specifically, the US Dollar was equivalent to 3380 MNT on October 1, 2024, while as of yesterday, the exchange rate is equivalent to 3426 MNT. This indicates an increase of 46 MNT in the US Dollar exchange rate over the last three months, and an increase of 6 MNT since the beginning of the year. Official sources attribute this change to the growth in imports.

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Mega Projects' Financing May Pose Inflation Risks

Published: 2025-01-14 | Translated from: isee.mn

"The financing of mega projects to be implemented by the government carries the risk of causing pressure on inflation through the balance of payments and currency exchange rates," it says. The Mongolbank aims to stabilize inflation around 5 percent annually, with an interval of +/-2 percentage points over the medium term. However, as of today, inflation stands at 9 percent nationwide and 9.1 percent in Ulaanbaatar city. The Inflation Report released by the Mongolbank predicts that inflation will reach 10 percent in the first quarter of this year. The report states, "The future outlook for inflation is experiencing increased pressure due to demand-side factors such as wage and pension increases following fiscal expansion. Furthermore, the financing of mega projects planned by the Government of Mongolia poses an inflationary pressure via the balance of payments and exchange rate. The increase in electricity and heating payments adds to the risk of inflation through the cost and expectation channels. Considering the economic activity, the inflation development, and changes in the external economic environment, appropriate monetary policy measures will be implemented as needed."

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Support for Discussion of Loan Agreement for Oil Refinery Project

Published: 2025-01-14 | Translated from: unuudur.mn

The party groups in the State Great Khural (Parliament) of Mongolia met to discuss various issues. The MPP (Mongolian People's Party) group expressed support for the discussion in the standing committee and the plenary session of the State Great Khural regarding the draft loan agreement between the Government of Mongolia and the Export-Import Bank of India. This loan aims to finance the engineering, procurement, and construction of the four packages, along with other necessary expenses for the oil refinery project. The group also discussed the draft law concerning the improvement of productivity, transparency, and governance in state and locally owned companies. Mongolia has been implementing the oil refinery project since 2017. The State Great Khural had previously approved loan agreements in 2017 and 2019 for the project, amounting to $1.236 billion. During the project's implementation, it was indicated that costs would rise with the planned execution of the four packages. In September 2023, the Mineral Resources Professional Council under the Ministry of Mining and Heavy Industry confirmed that the total cost of the project would be $1.698 billion, an increase of $462.2 million. Consequently, the government has been negotiating to secure this additional funding through a loan from India. Members noted that the Indian side had annulled the loan agreement made in 2019 and consolidated it into a new agreement. The draft of the new agreement stipulates a total loan amount of $700 million. The terms include provisions for additional financing needs; these will be covered by the Government of Mongolia if required. Should the obligations under the agreement not be fulfilled, the account of the "Mongol Oil Refinery" state-owned company may be frozen, and payments may be collected from the revenues of the refinery. It is also stated that if the parties sign the loan agreement, Mongolia will be obligated to repay $700 million by 2040. Meanwhile, the DP (Democratic Party) group discussed the draft law on amendments and supplements to the Livestock Indexed Insurance Law and the accompanying draft laws. The Minister of Finance’s Secretary, J. Ganbat, along with relevant officials, presented the report and answered questions from the members.

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Manufacturing and exporting car parts to Japan

Published: 2025-01-14 | Translated from: montsame.mn

The State Secretary of the Ministry of Roads and Transport, S. Batbold, became acquainted with the operations of “Monshibasaki” LLC, which exports car parts to Japan. The company was established in 2005 and produces and processes car parts with high precision for export. Currently, they produce a total of 74 types of products, including brakes, steering wheels, seats, engines, and small parts for both passenger and freight vehicles. For example, in 2021, they supplied 2,701,250 units of product to the Japanese market. During the meeting, State Secretary S. Batbold stated, "Producing products that meet Japanese standards and marketing them is a huge challenge. We have the opportunity to develop production outsourcing and take advantage of the automotive manufacturing trend heading towards Asia. We will continue to focus on transportation and logistics." Meanwhile, D. Dolgormaa, director of “Monshibasaki” LLC, mentioned, "We import raw materials from Japan and manufacture car parts in our country using Japanese technology and equipment and export them back to Japan. We often face delays because we cannot deliver our products on time." The Ministry of Roads and Transport reported that transportation takes 4 to 6 months, primarily due to Mongolia's geographical location between two large neighbors and its landlocked position, which affects shipping times.

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"There seems to be no choice but to adjust the budget and incur a certain deficit"

Published: 2025-01-14 | Translated from: news.mn

Interview with Member of Parliament H. Ganhuyag. The autumn session of the first parliament with 126 members and a strengthened group of parties is nearing its end. How do you assess the characteristics of this autumn session? For the first time, the number of members was increased, and this parliament, composed of representatives from multiple parties, deliberated and approved many draft laws that are important for the social and economic contribution to the country. The concluding meetings of this characteristic autumn session will continue in the coming days. Regarding the budget, a total of three budget bills were discussed and approved throughout the autumn session, including amendments and vetoes. Personally, I chaired and worked on the task force to formulate the Government's 2024-2028 development plan, which was also approved. We aim to implement 14 mega projects in the coming four years. Although it is highlighted that a budget with no deficit was approved for the first time, I personally feel a bit disappointed. The reason is that whether the country's budget is in deficit or not is secondary. The most important thing is to assess and approve the efficiency of budget expenditures depending on the goals. Projects and programs aimed for implementation can lead to a budget being in deficit, profitable, or balanced depending on the timing. As I worked in the development plan task force, I was aware of the scale of the projects and programs planned with the available funds, so I knew it was not possible to approve the budget without a deficit. Even though this year's budget was approved without a deficit before the end of the year, the current situation indicates the need for amendments. This is because the issue related to the oil refinery being built with a concessional loan from the Indian government was discussed by the Economic Standing Committee. The situation has arisen where it is inevitable to increase the utilization rate of foreign loans and aid. For example, in 2025, we can only use more than 1.5 trillion MNT of foreign loans and assistance within the limit. If we exceed this amount, this year's budget balance will be in deficit. Given that the budget limit for using foreign loans and assistance is set at 1.5 trillion MNT, what is the reason for being unable to keep foreign loan usage within this limit? A total of over 80 projects and programs are being implemented with foreign loans and aid. Delaying the implementation period of loans each time we hit the utilization limit results in reduced implementation time and effectiveness, while costs increase. Therefore, it seems that we are left with no other choice but to adjust our budget, initially approved with no deficit, to a certain extent of deficit to implement the oil refinery and other major projects within their scheduled time. Every delay incurs an opportunity cost that ultimately will have to be covered using taxpayer money. Even though not operational, we have no choice but to pay interest and repayment rates on loans. In truth, this year's budget faced prohibitions from the President, and was resubmitted twice by the government and approved only a month ago. It was called a significantly constrained budget in history. However, you mention that it might need readjustment again soon. Could this indicate that the Mongolian government lacks the capability and competent staff to evaluate and plan a year's budget based on reality, assessment, risks, and expenditures from all sides? I agree with you. I also expressed this position in a standing committee meeting. When this year's budget was being discussed, those leaders in charge of projects implemented with foreign loans and aid should have presented their budget and financial proposals to the budget draft working group and discussed how to overcome potential risks and challenges. For instance, the head of the oil refinery should explain issues related to additional budget financing. If the loan utilization rate is not increased, the oil refinery project risks being stalled. It is necessary to clarify and inform. A politician or a person with political skills seems more suitable to oversee large projects, especially refineries. The current responsible person may be an expert in their field. However, having political skills means one needs to meet and lobby with policymakers to advance the project. It is required not only to meet with the members of the Mongolian Parliament and Government but also to go and hold meetings with the Indian Government. With a politician's skills, maybe the project could have gone into operation earlier even by a day instead of repeated delays. The issue of building an oil refinery dates back to 2017. In the eight years since, project progress has been inadequate while the budget cost has increased by more than 30%. Who takes responsibility for this increased financing and time delays? To this day, there has been no accountability for the fact that the project has not gone into operation as initially scheduled, and costs have risen. The issue of accountability was also discussed at the standing committee meeting. However, there is no one to politically account for this issue. Thus, we should include a clause in the loan-related resolution approved by Parliament that assigns responsibility to a specific Government minister, who will lead the task force. Such a clause should be monitored by, say, the Budget or Economic Standing Committee. Otherwise, responsibility will be neglected among sectors, and the Executive Director responsible for the project will face accountability, which is another reason why the project is not moving forward. When the loan agreement was originally made, it covered starting loan repayments every seven years after financial disbursement began. Has this changed? An agreement was made with the Indian government to postpone the principal payments for a certain period. The project’s total implementation cost has now reached approximately 6 trillion MNT or 1.7 million USD. The initial feasibility study calculated covering this cost in seven years when it valued at 1.2 million USD. In other words, while the period to recoup costs has passed, the project implementation timeline is extended by another 4-5 years. Meanwhile, increasing Mongolia's oil reserves is critical. Therefore, the division of selection areas should be refined, attracting small and medium-sized exploration companies. Since Mongolia is a vast country, exploration tenders are often announced over large swathes of land across several provinces. If exploration companies do not have the financial, technical, and personnel resources to cover such large areas, no company will submit a request, as is understandable. Currently, I believe requests for exploration in three areas have been submitted. It was planned that oil from PetroChina Daqing Tamsag would be transported to the refinery via a pipeline. The pipeline construction has begun, but oil reserves are decreasing daily, aren’t they? Daqing Tamsag has a reserve of 40 million tons of oil. So far, 10 million tons have been exported to China. Therefore, it is crucial to put the oil refinery into operation as soon as possible to utilize our extracted raw materials. Annually, 500,000 to 1 million tons of oil is exported. Consequently, reserves to be transported through the pipeline are decreasing accordingly. Therefore, efforts to increase oil reserves cannot be neglected. What if the oil refinery is eventually built, but without sufficient raw material, the main input, oil, what then? We will then have the situation of having to import crude oil. Ultimately, by 2028 or 36 months from now, how confident are you in the project’s expected operational start date? Honestly, I do not believe the oil refinery will go into operation within 36 months. To be honest, looking at just one of the 14 mega projects shows such a bleak picture. Confidence in successfully implementing 14 mega projects in the coming years is lacking, isn’t it? Other projects are relatively moving forward. For instance, the investment agreement for the uranium project between the governments of Mongolia and France has progressed. Previously, the uranium project was stuck for years despite multiple negotiations. Thus, the increase in the number of Parliament members, introducing a diverse system of views, and forming a coalition Government with representatives from three parties with the most votes provided a foundation for successful projects to move forward. For the oil refinery project to be successful and efficient, it is necessary to clearly appoint the person responsible for the project and to promptly resolve the issues. In essence, once the refinery is operational, it is estimated to meet 55% of domestic consumption. However, the longer the operational delay, the greater Mongolia's loss of benefits will be.

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'Erdenes Tavantolgoi' JSC Has Initiated Mining Operations in the Northwest Section of the Tsankhi Mine

Published: 2025-01-14 | Translated from: montsame.mn

"Erdenes Tavantolgoi" JSC commenced mining operations in the northwest section of the Tsankhi mine on the 13th of this month. In 2024, the company aims to determine the true potential of the Tavantolgoi deposit by conducting full exploration and research at the Tsankhi, Borteeg, and Oortsog sections, thus increasing the deposit's reserves by 29 percent or 1.8 billion tons, reaching a total of 8.1 billion tons, which has been approved by the Mineral Resources Professional Council of Mongolia. Ch. Altanbagana, Director of the Mining Technology Department of "Erdenes Tavantolgoi" JSC, said during the initiation of the mining operations, "In 2024, we achieved historical records in extraction and sales, increasing the deposit's reserves by 1.8 billion tons, and started a new chapter in the company's history by initiating the mining operations in the second site of the Tsankhi West mine this January, thus increasing the variety and quality of coal products, reducing the distance of overburden stripping 2.5 times, and enhancing economic efficiency." This year, the company plans to increase its monthly technical capacity to 4.5 million cubic meters and complete 50 million cubic meters of mining operations annually. Last year, "Erdenes Tavantolgoi" JSC sold 30 million tons of coal, generating 3 billion USD in revenue, and contributed 3.2 trillion MNT in taxes to the state budget. The company's coal production reached 50 million tons in 2019, 70 million in 2020, and 100 million in 2023, while in 2024, "Erdenes Tavantolgoi" JSC announced it had extracted its 150 millionth ton of coal.

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Tax Reform - Private Sector Participation Discussion to be Held

Published: 2025-01-14 | Translated from: montsame.mn

Overview of some events happening on Tuesday, January 14: 08:30 AM: Meetings of the Standing Committees of the State Great Hural (Parliament) will be held. 09:00 AM: Hearings on appointments for positions such as the Chairman of the Financial Regulatory Commission, non-permanent members, the Chairman and members of the Supervisory Board of the Financial Regulatory Commission, non-permanent members of the Monetary Policy Board of the Bank of Mongolia, the Chairman and members of the Supervisory Board of the Bank of Mongolia, and a member of the National Statistics Committee will be held at the State Palace, organized by the Standing Committee on Economy of the State Great Hural. 10:00 AM: Nominee hearing for a member of the Supervisory Board of the Financial Regulatory Commission will take place at the State Palace, organized by the Standing Committee on Justice of the State Great Hural. 10:30 AM: "Tax Reform - Private Sector Participation" discussion organized by the Ulaanbaatar Chamber of Commerce, the Mongolian Bar Association, and the Committee on Economic Law will be held at the Ulaanbaatar Hotel. Contact phone numbers: 7700-3883, 9999-5605. - Military registration in the capital city will continue from January 6 to 22. - Applications for tax benefits for citizens purchasing their first apartment and for students studying in domestic and foreign universities are being accepted at the General Taxation Department from January 1. - Registration for the "DroneCon-2025" national championship on unmanned aerial vehicle piloting, taking place on January 25-26, is open until January 14. - Official vehicle registration number order will begin on January 15. Until January 14, citizens, business enterprises, and organizations can acquaint themselves with the system and verify their information. - The "Exhibition of Notable Works", featuring new and outstanding creations, is on display at the "Blue Mon" gallery from January 7 to 20. - The "Marco Polo, Kublai Khan, Mongolians" special exhibition dedicated to the 700th anniversary of Marco Polo is on display until January 15 in the exhibition hall on the 9th floor of the Chinggis Khaan National Museum. In Rural Areas: - In Khutul city, Saikhan soum of Selenge aimag, the "VII Mongolian Taekwondo Festival" under the motto "Let's Love and Protect Our Gobi Bear" will be held in 7 categories from January 13 to 17.

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Monetary Policy Interest Rate Kept at 10% Amid Rising Inflation Pressures

Published: 2025-01-14 | Translated from: gogo.mn

An extraordinary meeting of the Monetary Policy Council of the Bank of Mongolia was held today. Given the current state of the economy, banking, and financial markets, as well as external risks, the following decisions were made: - The policy interest rate is to be maintained at 10%; - The reserve requirements for banks, both in local currency and foreign currency, are to be increased by 2 percentage points to reach 13% and 18% respectively. Annual inflation in December 2024 was 9.0% nationwide and 9.1% in Ulaanbaatar. Inflation exceeded the target upper limit primarily due to higher-than-expected increases in electricity, meat, and imported goods prices. Domestic demand related to economic recovery and wage growth has significantly driven up the prices of services, rent, and imported goods. Going forward, factors such as the spillover effect of regulated service price increases, the distribution of dividends by Erdenes Tavantolgoi JSC, and continued expansion of government spending are set to intensify inflationary pressures, necessitating tighter monetary policy. Despite no major changes in the outlook for both domestic and external economic growth, geopolitical risks and uncertainties remain persistent. The high level of credit growth in the banking sector could stimulate consumer imports and domestic demand, potentially accumulating risks in the financial sector. Therefore, to tighten monetary policy and ensure economic and financial stability, it was decided to increase the reserve requirements for banks in both local currency and foreign currency by 2 percentage points respectively. This decision is consistent with the goal of stabilizing inflation at the target level over the medium term and strengthening the economy and financial sector's stability. The Monetary Policy Council will implement further policy steps based on changes in external and domestic economic environments and updates in the inflation and economic outlook. A summary of the Monetary Policy Council's meeting will be posted on the Bank of Mongolia's website in two weeks. Source: Monetary Policy Council

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Pre-Order for Mongolia's Highest Rated "BID 2.0 Open Bond" Begins

Published: 2025-01-14 | Translated from: ikon.mn

The BID NBFI, with a 20-year history, has begun offering the "BID 2.0 OPEN BOND" to investors. This bond is notable for being the highest-rated bond on the Mongolian stock market today. This rating is given by an independent professional organization licensed to evaluate the financial strength, payment capacity, good governance, and reliability of the issuing company. Having an "A stable" credit rating is considered one of the lowest risk investment grades. The "BID 2.0 OPEN BOND" offers an annual interest rate of 18%, comparable to a savings return of 19%, due to the 5% tax deduction on interest income. If you wish to purchase the low-risk "A" rated bond, please contact the underwriters at 7777-6377, 8013-6377, or 8833-6377. GUARANTEED FINANCIAL SMART SOLUTION - BID 2.0 OPEN BOND Warning: Media outlets (TV, radio, social media, and websites) must cite the source as ikon.mn when using our information in any form, whether fully or partially.

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KHOVSGOL: Mogoin Gol Company to Export 64 Thousand Tons of Coal

Published: 2025-01-14 | Translated from: montsame.mn

Mogoin Gol JSC in Tsagaannur soum, Khovsgol province has been engaged in coal mining operations for 55 years, providing coal with high calorific value to consumers in Zavkhan and Khovsgol provinces. Mogoin Gol JSC, 51% owned by Khovsgol province, has announced two types of tenders totaling 10 billion tugriks required for transporting coal from Erdenet city to Erenhot city in China. The first tender announced by the Khovsgol Procurement Office is for 'Customs facility service for loading and unloading coal in Erdenet city,' with a total budget of 528 million tugriks. This tender covers work including unloading, stockpiling, and loading 64,000 tons of coal transported by road from Mogoin Gol onto the railway. The second tender is related to selecting a contractor for 'Railway transport from Erdenet to Erenhot city,' with a total budget of 9.4 billion tugriks. This tender involves transporting the aforementioned 64,000 tons of coal by container rail transport from the customs facility in Erdenet city to the Erenhot station in China.

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MNT Deposits Increase by 4.9 Trillion MNT

Published: 2025-01-14 | Translated from: montsame.mn

MNT deposits reached 22.1 trillion MNT at the end of December 2024, an increase of 4.9 trillion MNT compared to 2023. Of the MNT deposits, 19 trillion MNT belong to individuals, while 3.1 trillion MNT are held by businesses and organizations. Foreign currency deposits stood at 4.9 trillion MNT, which is a decrease of 142.6 billion MNT (2.9 percent) from the previous year. The total outstanding loans issued to businesses, organizations, and individuals reached 37 trillion MNT at the end of December 2024, an increase of 9.7 trillion MNT (35.3 percent) from 2023. Of the total loan balance, 61.0 percent is held by individuals, 36.5 percent by private organizations, 1.2 percent by government organizations, and 1.2 percent by financial institutions. The balance of normal loans amounted to 33.9 trillion MNT, which is 9.8 trillion MNT more than in 2023, accounting for 91.5 percent of the total loan balance. The balance of loans under attention increased by 6.3 billion MNT (0.5 percent) to 1.3 trillion MNT, comprising 3.5 percent of the total loan balance. The balance of non-performing loans decreased by 172.6 billion MNT to 1.9 trillion MNT, accounting for 5.1 percent of the total loan balance. The outstanding balance of mortgage loans issued by commercial banks and the Mongolian Mortgage Corporation to individuals stood at 9.2 trillion MNT at the end of November 2024. This is an increase of 1.8 trillion MNT from 2023. Of the mortgage loan balance, 9 trillion MNT (97.7 percent) is classified as normal loans, 124.9 billion MNT (1.4 percent) as loans under attention, and 85.0 billion MNT (0.9 percent) as non-performing loans.

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Diplomacy

Diplomats Appointed from the Coalition Government

Published: 2025-01-14 | Translated from: news.mn

Knowledgeable and educated professionals should be appointed to the diplomatic service, which is a special state service. However, in the past, many incorrect appointments were made due to political decisions. To correct these mistakes, the standards for appointing diplomats have been raised, and professionalization has been focused on in recent years, as Foreign Minister B. Battsengel reported. At consular offices, there are positions such as Consul General, Consul, Deputy Consul, and Attaché. Consuls are appointed by the government session, while ambassadors are approved by the parliament. According to Government Resolution No. 145, it was decided that consuls would be appointed not by the Prime Minister, but by the Minister of Foreign Affairs, ensuring the continuity of Mongolia's foreign policy. Diplomatic appointments are starting to formalize this year. Internationally, political or other sectoral figures account for 30% of total appointments. Decisions have been made following this practice from the coalition government, and requests have been submitted for new consuls, who have been accepted by the host parties, formalizing the appointments. Mongolia can decide on a consular appointment, but the host country must grant consent for the person to serve as consul. If rejected, another qualified candidate can be proposed. D. Odbaatar was appointed as Consul General in a special region of China. D. Odbaatar, who was detained and fined in South Korea for allegedly assaulting a flight attendant while he was the Chairman of the Constitutional Court, was appointed Consul General in October last year. Specifically, according to Government Resolution No. 145, D. Odbaatar was appointed as Consul General to the special administrative region of Hong Kong in the People's Republic of China. D. Odbaatar, who served as a member of the Constitutional Court, had his term end more than a year ago and was relieved by the parliament on November 11, 2023. The government has since elevated him without a position for about a year and appointed him as Consul General. Ts. Jadambaa, a member of the Democratic Party and former head of the Information Technology, Post and Communications Agency, has been appointed as Consul General in Busan, Republic of Korea. The Ministry of Foreign Affairs has appointed new heads of several diplomatic missions due to the expiration of the terms of some representatives in 2024. The media seems to focus on political issues. If we look at it, we see that worldwide, it is often more effective to appoint statesmen or senior officials rather than purely professional diplomats, as established by international standards. It is said to be balanced. Dr. Z. Lkhagvadorj, senior advisor to the Deputy Prime Minister (responsible for foreign trade and investment) and Head of the Working Office, has been appointed as Consul General in Eren. Z. Lkhagvadorj holds a PhD in Political Science from the National University of Mongolia. He has previously worked as an economist at the Bank of Mongolia, an advisor on FAO and World Bank projects, Chief Financial Officer at the Ministry of Construction and Urban Development, Office Manager of the UB City Governor's Office, and advisor to the Parliamentary Secretariat. UH Former Member of Parliament and former Minister of Labor and Social Protection S. Erdene is to serve as Deputy Consul in Chicago, USA. In 2025, over 20 ambassadors and a similar number of consuls will need to be newly appointed. The terms of over 40 ambassadors and consuls are expiring. According to the Foreign Minister, the Democratic Party proposed nominating S. Erdene for the diplomatic service. However, the Ministry stated they could not appoint him as head of a diplomatic mission, appointing him as Deputy Consul in Chicago instead. Erdene was first elected to UH from Bayangol in 2008 and was re-elected twice. He served as Minister of Labor and Social Protection during the Democratic Party's government (2012-2016). After losing the 2016 UH election, he led the Democratic Party from 2017. The Standing Committee on Security held a meeting last week and discussed appointing former UH Member N. Oyundari as Ambassador Extraordinary and Plenipotentiary to Poland. The following day, the UH session discussed it, with 63 of 93 members supporting her appointment as ambassador. As a result, the outcome of the vote will be formally communicated to the President of Mongolia.

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South Gobi to Collaborate with Shinhan University of Gyeonggi Province, South Korea

Published: 2025-01-14 | Translated from: montsame.mn

The Governor's Office of Ömnögovi Province signed a memorandum of understanding to collaborate with Shinhan University of Gyeonggi Province, South Korea. The governor and relevant officials of Ömnögovi Province met with the leaders of Shinhan University, which is recognized for its high-quality education among South Korean universities. Shinhan University's management expressed their willingness to continue supporting educational exchanges and scholarship programs for students, as well as providing opportunities for working and learning in elderly care. In addition, they announced their commitment to providing an ambulance to Ömnögovi Province as part of their goodwill campaign, where they donate fire or emergency vehicles to one country each year. The leaders of Ömnögovi Province expressed gratitude for the collaboration and proposed to include their students in the scholarship programs at Shinhan University, South Korea. They also discussed implementing the 'Jargalan' center's activities aimed at individuals with special needs, collaborating on human resource training in South Korea, and inviting experts for methodological consultation. Both parties agreed that there is full potential to jointly implement the proposals discussed during the meeting. Over 2,000 international students study at Shinhan University, with more than 1,000 of them being from Mongolia. Shinhan University has been cooperating with Mongolia for 15 years.

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Mongolian Geopolitics of Fleeing the World's Center

Published: 2025-01-14 | Translated from: itoim.mn

We present an article titled "Mongolian Geopolitics of Fleeing the World's Center." Although it was written 10 years ago, the content remains relevant today as Mongolia continues to discuss coal, broad and narrow gauge railways, still awaiting solutions. Despite the passage of time, our problems continue to be the same challenges we faced 10 years ago. Some people jokingly referred to 2014 as the "Year One according to the Calendar of Oyungerel of Oriflame." This woman led a debate on the theory of the end of the world on December 21, a year prior, hence the joke. Adding to the foolishness, there was even a more absurd explanation at the time: "The world will perish, but Mongolia will be left alone." In a globalizing world, such folly of attempting to go solely with Mongolia still exists. The clearest example is our mindset of fleeing from the world market just because we dislike the Chinese. The unease with Chinese people seems to be in the blood, almost genetic, of every Mongolian. Breaking or changing this is impossible. Even while under Chinese oppression or when liberating the land of our southern neighbor from enemies, Mongolians didn't assimilate into China like the Manchus did. Therefore, the conclusion of scientists that Mongols and Chinese people, and even Mongolian and Chinese cultures, do not match at a cellular level is justified. It's fortunate that we have such "immunity vaccines." However, economically, it's time to ponder whether seeing our southern neighbor as "only China" is right or wrong. With each passing year, China has ceased to be just China, expanding into the center of the global economy. Within that, China has become the world center in the industrial sector that fuels the main arteries of our country's economy. So, what do we gain by playing "super nationalistic" games on the discontent rooted deeply in Mongolian culture, driving Mongolia away from the world's economic center? Other nations consider China as the world's industrial center first, and China second. But we lump all into a single bag called China. If Mongolia truly wants to exploit its mineral wealth and develop heavy and light industries, then where will it end up by fleeing from the world's number-one market? In physics, simply put, the force that seeks another point from where it exists is called centrifugal force. In the economy, I'm not sure what it's called to flee from the center of your market. What I do know is that no matter how much we hate here, we can't stop the process of China becoming the world's economic and industrial center without relying on us. Like no experienced sea captain can go against the momentum of a wave that has already gained force. Even the Titanic couldn't. Similarly, Mongolia cannot counter the economic expansion of China as it becomes the world's center. Rather, why can't we Mongolians make use of their momentum no less than the Chinese themselves? Just like those who can stay afloat riding a sea wave continue onward, Mongolia has the opportunity to follow and harness this momentum of China's growth more than others. Because we're neighboring countries. Mongolia has vast resources and a more politically democratic and open market than China. For instance, when it comes to coal, while we have the world's largest reserves, the world's largest market is just over 200 km away from our mines. We have been arguing internally for years about connecting these with railways. We argue over broad and narrow gauges and about letting it drill through Korea and Japan instead of giving it to China and Russia. But in reality, neither our railway matters to the Chinese, nor our coal to the Russians. China is the largest market absorbing the bulk of the world's coal imports. Russia, on the other hand, is one of the main coal exporters of the world, our competitor. Therefore, our coal is essential to China; as for Russia, it needs our railway to establish control and transport its own coal. But what do we, Mongolians, need? Is there a state policy defined and implemented in line with that? They talk of outsourcing to Americans, Koreans, and Japanese, but they won't take it themselves. Peabody, for example, won't haul our coal back to America. Rio Tinto has already welcomed the Chinese state-owned Chalco Corporation. To be precise, there's hardly another market besides China for Mongolia's mining resources, especially coal. The available ones are not feasible for transportation. Hauling 3000 km with narrow gauge rails to Japan and Korea is not possible. Exporting over 4500 km through competitor Russia's territory to reach a seaborne third market with broad gauge is a fantasy. Just as our country's petrol market, our coal's key market is China. Even these third-country companies haul our coal to China and sell it there. They know well that it's unprofitable to detour around the largest market. They also know it's impossible to transport enough to compete with our main competitor, Australia, if we don’t give it to China. We may call it a wagon compared to a car, but rail and sea transport differ as spoon to ladle. Rail transport is just five percent of sea transport. So would we bring in faraway middlemen to haul coal to China, or do we deliver and sell it ourselves in the global market right next door? That's our choice. If we accept that our mining wealth's primary market is the southern neighbor, there are only two ways: profitably giving to China or unprofitably giving to China. There's hardly a third option. Mongolia is within China's strategic sphere but is not an economic competitor. Today's competitors of China are the US, and further, the world—not Mongolia. Being overly "super nationalistic" by refusing to give our coal or building wide-gauge railways doesn't shake the Chinese. The world doesn't revolve around just Mongolia, nor is ours the only coal. On the contrary, those with mining wealth, especially coal, are living around China today. Some people say if high-speed railways are built with narrow gauges, the Chinese would bring in tanks. What does that mean—are the Chinese waiting with bated breath to invade our country with tanks since there are no narrow gauges? It might sound insulting, but a notable person once said that if the Chinese needed control over our coal, they would simply split the tank money among politicians instead of bringing tanks in. If narrow gauges are built, does Minister H. Battulga’s stance that an uncontrollable monster of a giant market next door would simply swallow our coal hold economically prudent caution? It could be. But this shouldn’t mean sitting idly to let everything fade away without benefiting anyone. Foreigners also advise us not to allow Mongolia to come too close to either of its two large neighbors. Getting too close to either means even less valuable things than our coal would be drawn in. Hence, being a mediator and connector between our two neighbors is more important. If it could be achieved, why not have Mongolia be the "Switzerland of Asia"? Switzerland acts as an excellent mediator and connector between countries like Italy, Austria, and Germany. Often we regard being squeezed between great powers as a disadvantage. However, using this geographical position to advantage by being a good mediator between the major powers of Russia and China would suit Mongolia's multi-lateral foreign policy ideology. The political strategy of Mongolia should stand out among the interests of neighbors who want to keep us perpetually subordinate. In truth, it is said that Chinggis Khan utilized conflicts among other kings excellently in becoming the world ruler, beyond just his own abilities. "The Secret History" recounts that it wasn’t single-handedly wielding Mongol swords that conquered half the world. Much like this past, playing "chess" on the differences of our neighbors, mediating, and connecting to empower and develop could be Mongolia’s geopolitical stance. Beyond merely relying on mining and fleeing its global market, that wouldn't be called geopolitics. Thus, leveraging mineral wealth truly means overcoming traditional fears of China for Mongolia to enter the world’s economic center. Only then can it become a participant and a major player. Otherwise, if fear isn’t overcome, Li, Bob, George, or others will scoop the cream off our wealth and continue to play there on behalf of Mongolia. Meanwhile, we will remain here, outside the gates of the world's economic center, lamenting over the scraps. “There is a saying that one who fears nothing is not considered brave, but the one who overcomes their fear is considered brave.”

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President Khurelsukh to Visit the Republic of Turkey

Published: 2025-01-14 | Translated from: unuudur.mn

President of Mongolia Ukhnaagiin Khurelsukh will pay a state visit to the Republic of Turkey at the invitation of President Recep Tayyip Erdoğan from the 15th to the 19th of this month. This visit is in the context of the 55th anniversary of the establishment of diplomatic relations between the two countries, marking the first state visit to Turkey by a Mongolian head of state in 20 years. During the state visit, the presidents of the two countries will hold a one-on-one meeting and official talks, after which they will provide information to representatives of the press and media. During the visit, the parties plan to sign more than 10 documents on cooperation in various areas such as education, youth and sports, health and medical sciences, as well as governmental agreements on cooperation in other sectors including the environment, mining, transport, infrastructure, forestry, and legal affairs.

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Infrastructure

At the Government's Expanded Meeting, Governors Are Instructed to Develop Regional Development Plans Until 2040

Published: 2025-01-14 | Translated from: ikon.mn

At today's expanded meeting of the government, which was attended by the chairpersons of provincial and city citizens' representative meetings and governors, Prime Minister L. Oyun-Erdene introduced the establishment, regulations, and organizational matters of regional councils. He tasked Deputy Prime Minister S. Amarsaikhan with implementing these initiatives. Furthermore, the Prime Minister instructed provincial and city representatives and governors to organize a regional development conference before March this year and to develop and discuss a regional development plan until 2040. Additionally, the chairpersons of provincial and city representatives and governors were tasked to support the implementation of 14 mega projects and 14 legal reforms outlined in the joint government operational plan for 2024-2028. The government's plan has prioritized directions for the regions: - Khangai region as "a specialized region for traditional livestock and an urban development sub-region." - Western region as "a specialized region for energy and a sub-region for natural tourism." - Northern region as "a specialized region for natural tourism and an industrial sub-region." - Gobi region as "a specialized region for industry and a sub-region for green energy." - Central region as "a specialized region for agriculture and an industrial sub-region." - Eastern region as "a specialized region for historical tourism and an intensified agricultural sub-region." - Ulaanbaatar region as "an international center for banking, finance, and business development." In addition, the government plans to implement infrastructure projects for 2024-2028 that aim to support regional social and economic development. These include connecting provincial centers and boundary ports through the "FIVE CIRCLES" regional development highway, constructing Buir Lake waterway and a 4C airport in the Eastern region, Erdeneburen hydroelectric power plant in the Western region, Eg River hydroelectric power plant in the Northern region, New Zuunmod city in the Central region, New Kharkhorum city in the Khangai region, Tavan Tolgoi power plant, oil refinery, and cross-border railroads and transshipment terminals at the Gashuunsukhait-Gantsmod, Khangi-Mandal, and Shiveekhuren-Sekhee ports in the Gobi region. Projects such as developing the eastern and western vertical economic corridors are also planned to be completed.

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Road Customs Ports on the China Border Will Close for 3 Days

Published: 2025-01-14 | Translated from: news.mn

According to the holiday schedule for the Lunar New Year agreed upon by the two countries, China will close its borders for three days. Specifically, the border will be closed from January 29-31. During these three days of the Chinese Lunar New Year holiday, plans have been made to temporarily close nine road customs ports on China's borders. After these days, cargo transport and border crossing activities will resume as normal. China traditionally declares public holidays during its National Day and Lunar New Year celebrations. This year, the country's public holiday period is scheduled to be one week long. In recent years, the border was closed for 3-7 days, but this year it will be closed for three days. During the border closure, the border control authorities on the Mongolian side will prepare for their internal operations. According to the domestic laws and regulations of Mongolia and China, the following holidays are recognized and the road customs ports between Mongolia and China will be closed: - New Year - January 1 - Lunar New Year - First, Second, and Third days of the Lunar New Year - International Women's Day - March 8 - Qingming Festival - April 4 - International Workers' Day - May 1 - Children's Day - June 1 - Dragon Boat Festival - June - Mongolia's National Naadam Festival, People's Revolution Anniversary - July 11-15 - Mid-Autumn Festival - September - China's National Day - October 1-3 - Genghis Khan Day - Mongolia's National Independence Restoration Day - October 29.

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The Oil Refinery to be Commissioned Before Presidential Elections

Published: 2025-01-14 | Translated from: itoim.mn

Mongolia initiated an oil refinery project with a $1.2 billion loan from the Indian government in 2018. Initially, the agreement stated that the refinery would be operational by June 2024, but currently, the project is only about 20% complete. Despite this, the country has already started repaying the principal of the loan. The completion deadline has been extended by 38 months, and the loan amount is proposed to be increased by $500 million, which the State Great Khural is currently discussing. As a result, the oil refinery will now be constructed over eight years with a total loan of $1.7 billion from India. Once operational, the refinery is expected to supply 50% of Mongolia's fuel needs, meaning that despite its significant cost and construction time, it is not a particularly large facility. Although the initial feasibility study projected a return on investment 7-75 years after commissioning, this has now been revised to 10 years. The refinery, located in the Dornogovi aimag, will transport crude oil from over 500 kilometers away via pipeline. Questions persist about why the refinery wasn’t built closer to the raw materials. Although delays and funding issues are often blamed on COVID-19, they partly stem from a lack of accountability. The "Oil Refinery" SOE is in debt and unable to pay its employees' wages. India requires that Mongolia handle the operational costs and infrastructure for the company responsible for the refinery. As a result, the "Oil Refinery" SOE began receiving loans from the Development Bank to cover operational costs and external infrastructure, obtaining a loan of 166 billion MNT at an interest rate of 11.89% over four years since 2018. By the end of 2022, the accumulated debt reached 64 billion MNT, and loans were halted in December 2022 due to lack of collateral, leading to an inability to pay staff. After financial support from the Development Bank ceased, the government issued decree number 82 on March 1st, transferring the shareholder rights of the "Oil Refinery" SOE to "Erdenes Mongol." The refinery, whose construction began in 2018, is now planned to be operational by May 2027.

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B. Dugergav Appointed as Executive Director of Tavantolgoi Railway Company

Published: 2025-01-14 | Translated from: itoim.mn

N. Budbayar, the Executive Director of Tavantolgoi Railway LLC, has been relieved of his duties, and B. Dugergav, the former Governor of Khovd Province, has been appointed in his place. Although the new director has not officially assumed office yet, a decree appointing B. Dugergav as the Executive Director of Tavantolgoi Railway LLC has been issued by the Minister of Transport. B. Dugergav previously served as the Governor of Khovd Province. In August 2022, the government decided to dismiss him, claiming that he had delayed the work on the Erdeneburen Hydro Power Plant. Immediately after B. Dugergav left his position, the legal authorities began investigating him. According to media reports, he is being investigated for abuse of power and official position, acquiring tenders improperly, and granting undue advantages to others. Now, the former Governor of Khovd Province, who resigned before his term ended, is set to lead Tavantolgoi Railway.

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S. Amarsaikhan: The Prime Minister and Members of the Government Will Work in Rural Areas from Next Month /LIVE/

Published: 2025-01-14 | Translated from: isee.mn

The government held an expanded meeting today and made some decisions. Regarding this, Deputy Prime Minister S. Amarsaikhan stated, “At the government’s expanded meeting, we discussed issues of regional development. The heads of the provincial council from 21 provinces and the governors of the aimags and the capital participated in the meeting. Two decisions were made on the issues discussed at the meeting. We decided to establish the 'Regional Development Policy Council' responsible for implementing and overseeing regional development policies at the provincial and local levels. The operation regulations of this council were also approved. Conferences to ensure the implementation of regional development policies will be organized. In this context, from next month, the Prime Minister and members of the government will visit all regions to organize this work in the initial regions as part of decisions made to enhance strategic partnerships with local residents, enterprises, and investors in the provinces. The local development plan will be further detailed. It is necessary to make changes and reforms on issues to consider in implementing the law on regional development management and organization. Under regional development, a major program called 'standard solutions for regional development' aimed at attracting private investment and increasing employment and jobs in local areas, as well as improving the quality of health and education, is starting to be implemented. An organization responsible for oversight, organized under the leadership of the national committee and the deputy prime minister, will be established,” he said.

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Society

Blacklisted residents have the right to return home without a fine until the 30th of this month

Published: 2025-01-14 | Translated from: news.mn

The amnesty granted by the Ministry of Justice of South Korea, which was originally set to end on November 30 of last year, has been extended by two months. Specifically, the deadline for illegal foreign residents to voluntarily return to their home countries is set for the 30th of this month. Those who choose to return voluntarily during this period will not have to pay a fine. However, this does not apply to individuals who have entered the country illegally, used fake documents, or are involved in criminal activities. As part of the program, individuals who voluntarily leave South Korea are exempt from fines of up to 30 million won (24,000 USD) and are allowed to return. During the amnesty period, returning home not only exempts one from fines but also opens the possibility of regaining the right to re-enter the country. If you decide to take advantage of this law and return home, you can call the immigration office at 1345 and press 7 to get good advice from a Mongolian employee. According to information from the Ministry of Foreign Affairs, as of December 31, 2023, there are 53,038 citizens of Mongolia living and working in South Korea, which includes individuals whose visas have expired or who are blacklisted. Residents must submit their request to return home in advance, and it is also possible to apply online.

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WARNING: The number of victims falling for fake messages and calls is increasing

Published: 2025-01-14 | Translated from: gogo.mn

Residents have been contacting our editorial office through calls, requesting us to publish information on this matter, warning that the number of victims is increasing. Recently, a message reported that: "Mongol Post: An invalid postal address has been detected. Therefore, it is not possible to fill in the shipment and the postal address information from the link must be verified within 24 hours. htts://mongolpost.mn-check.lol/MN (Please reply Y, exit the message, and reopen the link to activate it. Or copy the link to your Safari browser and open it.) We will deliver to you as soon as possible, have a nice day." Such fake messages are being sent to citizens, attempting to misuse their personal and account information. Our organization does not request your account information online, so avoid clicking on links from suspicious and uncertain sources and do not disclose your personal information to others. You can only verify information related to our organization's shipments through the following channels. Inquiry phone: 1800-1613 Website: www.mongolpost.mn (Please make sure to verify that these are the official phone and website of Mongol Post JSC.) If you believe you have received a fake message, please contact us through official communication channels. Source: Mongol Post

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Empowering Women Entrepreneurs in Small and Medium Enterprises

Published: 2025-01-14 | Translated from: unuudur.mn

Within the framework of UNESCO's project "Promoting Social Equality through Cultural Creative Production," women entrepreneurs and students in the arts and culture fields in their third and fourth years of study will be empowered. Through the "Cultural Creative Production and Entrepreneurship" program, it has been decided to strengthen the capacity of women artists, craftswomen, and female students in the arts and culture. This program will continue until the end of this year. It aims to improve the competitiveness of participants, enhance product design, and provide opportunities for investment consulting. Currently, over 200 people have registered for this program, which is being implemented for the first time. Ten will be selected for capacity building. After the COVID-19 pandemic, stable job availability has decreased worldwide, and a new era of technology and innovation has begun, prompting the launch of this program. It aims to increase women's social participation and leadership. The program is being implemented in collaboration with UNESCO, the Mongolian State University of Arts and Culture, the Creative Production and Innovation Center, and the Cultural and Arts Department of the capital city.

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REPORT: After Stopping the Issuance of Ulaanbaatar Series Vehicle License Plates, Plates are Being Sold for 1.5-50 Million Tugriks by Brokers /VIDEO/

Published: 2025-01-14 | Translated from: isee.mn

The cessation of the issuance of Ulaanbaatar series license plates has led to an increase in underground corruption, with citizens raising concerns about the risks associated with purchasing license plates at inflated prices on the black market. Despite these warnings, the issuance of Ulaanbaatar series license plates was halted last fall. Currently, these plates are being resold for prices ranging from 1.5 to 50 million tugriks. The Mayor of Ulaanbaatar, H. Nyambaatar, introduced a bill aimed at reducing traffic congestion in the capital and improving the conversion of ger districts to apartment complexes, which was submitted and passed last year. As a result, the City Council's representative meeting approved the regulations for enforcing this law on February 8 of the previous year. The issuance limit for Ulaanbaatar series license plates was set at 730,000. Following this, the issuance of Ulaanbaatar series license plates was suspended on November 8 of the previous year. This action faced public opposition as it was viewed as a significant infringement on citizens' "right to own and possess movable and immovable property," as outlined in Article 16.3 of the Constitution. Notably, since the suspension of license plate issuance, the resale market for Ulaanbaatar series license plates has surged. Sellers have reported that license plates with completely different digits start at 1.5 million tugriks. Plates with two identical digits typically begin at 2.5 million, while "lucky numbers" featuring three identical digits are sold for between 30 and 50 million tugriks. Once purchased, sellers offer to obtain the plate from the Vehicle Transport Center and install it for buyers. Previously, when Ulaanbaatar series license plates were regularly issued, they cost around 20-25 thousand tugriks. However, prices have skyrocketed to between 1.5 and 50 million tugriks this year. In Ulaanbaatar City, there are currently 785,000 registered vehicles. It has been announced that when the number is reduced to 730,000, registration numbers will be issued based on five criteria. The following five criteria will determine the issuance of vehicle registration numbers in the capital city: 1. The owner or possessor of the vehicle must be a resident of the capital city or an entity registered in the capital. 2. The owner/possessor must have paid the fees prescribed by the Road Law, settled any penalties under Article 14.7 of the Infringements Law, and possess insurance as outlined in the Law on Driver’s Insurance. 3. The vehicle's engine must have an ecological classification of "Euro-4" or equivalent or higher. 4. The vehicle must have been manufactured within the last 10 years. 5. The vehicle must have undergone a pre-export technical inspection. The order of issuance of vehicle registration numbers will be determined electronically based on these criteria. Vehicles meeting the stated criteria will be prioritized in the queue; the order of application submission will also be considered. Electric, hydrogen, and hybrid vehicles will take precedence over gasoline and diesel vehicles. Additionally, newer vehicles will be prioritized based on their manufacturing date, and vehicles with left-side steering wheels will be prioritized over those with right-side steering wheels in accordance with the Road Traffic Safety Law of Mongolia.

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O. Altangerel: Investigation Ongoing for Vehicle Break-In During Demonstration

Published: 2025-01-14 | Translated from: gogo.mn

During a briefing on government decisions regarding measures taken against violations that occurred during recent protests, journalists posed questions to the Minister of Justice and Home Affairs, O. Altangerel. Minister O. Altangerel stated that on January 11 and 12, citizens of Mongolia protested, exercising their right to express their opinions. The Government of Mongolia respects this right to freedom of expression. However, there were also actions that violated the law. For example, the police are investigating an incident involving citizen Tsatsral, who was allegedly assaulted on November 12. Citizen Tsatsral has not yet filed any complaint with the police. The police are looking into potential breaches of others' freedoms based on information and recordings shared on social media. The individual who drove a vehicle into the square during the demonstration had been previously convicted of a violent crime and was released from prison two years ago. The investigation is ongoing with the consideration of "What if many people had been harmed?" Authorities are also investigating individuals who threatened officers with a knife on social media and those who acted inappropriately toward officers. This individual has a prior record of four convictions. The law governing the organization of assemblies and demonstrations prohibits paid protests. Many people participated voluntarily to express social discontent and opinions. However, there were instances of money being distributed, and some individuals were coerced to perform certain actions. Several people are under investigation regarding these potential violations. Today, a working group led by N. Uchral, the head of the Cabinet Secretariat, has been formed to assess the demands made during the protests and to present proposals based on these assessments. I have joined the working group. The measures to be taken in response to the demands will be presented at the government's meeting.

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Environment

Embassy Warning: Mongolian Residents in Miyazaki and Kochi Prefectures of Japan, Beware of Tsunami Danger

Published: 2025-01-14 | Translated from: ikon.mn

Regarding natural disasters, the Embassy of Mongolia in Tokyo has issued the following warning. Attention to Mongolian residents in Japan. A strong earthquake occurred in the southwestern region of Kyushu, Japan. According to the Japanese Meteorological Agency, an earthquake of magnitude 6.9 occurred in Miyazaki Prefecture, with the most affected areas experiencing earthquakes with a magnitude of 0-7 and below. The agency has warned of a tsunami danger in the Miyazaki and Kochi prefectures. Mongolian residents living in this region, please remain vigilant. Warning: Media organizations (Television, Radio, Social and Web sites) must cite their source (ikon.mn) completely or partially when using our information in any form.

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The Mongolian Embassy in Japan Issues Warning

Published: 2025-01-14 | Translated from: news.mn

A 6.9 magnitude earthquake occurred off the southwestern coast of Japan, prompting warnings of tsunami hazards for residents. The earthquake happened yesterday at 21:19 local time. In relation to this, the Embassy of Mongolia in Tokyo issued a statement. Specifically, "According to the Japan Meteorological Agency, the earthquake with a magnitude of 6.9 occurred in Miyazaki Prefecture, and in the region with the strongest tremors, earthquakes with magnitudes of 0 to 7 and below have occurred. The agency has issued a tsunami warning for Miyazaki and Kochi prefectures. We urge Mongolian citizens residing in these regions to be vigilant," they said. Japanese authorities have urged local residents not to go into the sea or approach the shore until the tsunami warning is lifted. The epicenter of the earthquake was at a depth of 37 kilometers, and tsunami waves have already reached the coast of these prefectures. According to the meteorological agency, the highest wave reached 3.2 feet.

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Dornod: Detailed Study Needed for Buir Lake

Published: 2025-01-14 | Translated from: montsame.mn

There is a need to conduct a comprehensive detailed study on the water balance, morphology, water biology, and fish resources of Buir Lake. This is because in recent years, climate change in the region and the basin has intensified, and its consequences have become particularly noticeable. Therefore, environmental sector specialists emphasize the need to activate research and protection activities in this area. Specifically, it is necessary to establish new hydrological stations on the shores of Buir Lake and the Degee River, and to make the Nomrog station permanent and electronic. The fish factory’s water surface evaporation equipment in Buir needs to be automated as a priority.
According to the density standards of observation and measurement networks published by the World Meteorological Organization, there should be 6-8 hydrological stations in the Khalkh River and Buir Lake basin. Meeting this standard ensures the precision of water regime, resource observation, measurement, and evaluation. However, currently, there are only hydrological stations operating at three points in the Khalkh River and Buir Lake basin.

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Over 4,000 Tons of Waste Processed Daily Using Landfill Technology

Published: 2025-01-14 | Translated from: ikon.mn

As of 09:00 today, it was reported by the UBZA that over 1,100 route maintenance staff from 33 organizations, supported by more than 120 specialized technical equipment, have been cleaning public roads and areas across the capital. There are 4,517 tons of salt and 6,580.5 tons of chemical substances remaining. Meanwhile, 121 employees from the City Cleaning Department, using 18 vehicles, cover the collection of waste transported from households and business entities to central disposal sites, where it is then buried according to landfill technology. Just today, a total of 427 trucks made 986 trips transporting 4,070 tons of waste to the landfill sites at Naran, Tsagaan Davaa, and Moringiin Davaa. These landfill sites receive more than 4,000 tons of waste daily. Landfill is a method of burying waste under layers of soil. This technology has been implemented at the centralized waste disposal sites in Ulaanbaatar since 2020. Warning: Media outlets (Television, Radio, Social media, and Websites) must cite the source (ikon.mn) when using our information in any form, entirely or partially.

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Innovation

Scholarships Granted to Students in Leading and Demanding Professions Amounting to 6.9 Billion MNT

Published: 2025-01-14 | Translated from: ikon.mn

During the session of the Parliamentary Standing Committee on Education, Culture, Science, and Sports, Education Minister P. Naranbayar presented information about the implementation of the Higher Education Law. He introduced the steps being taken to establish research universities as a priority. "Currently, 65 higher education institutions are operating in the country: 34 are universities, 29 are institutes, and 2 are colleges. Since the adoption of the education law package, 7 government resolutions and 14 orders, rules, and regulations from the Minister of Education have been approved, totaling 23. The establishment of research universities is being organized in stages, and a working group has been tasked to set classifications and assessments for higher education institutions. According to the Higher Education Law, the process for a college to transition into a university should be organized by June 15, 2025. Under Article 7.8 of the Higher Education Law, the creation of research universities will be proposed to Parliament by the government and established by law. Entry exams will be held twice a year starting from the 2024-2025 academic year, and the threshold score will be increased by 10 points to 490 for the 2025-2026 academic year, and 430 for local schools. An amendment has been codified to define leading and in-demand professions and update this list every five years, with a working group established under Decree A/120 of 2024 aiming to finalize this in the first quarter of 2025. Policies supporting the increase of admissions for programs in leading and demanding fields, providing scholarships to students, and granting tax incentives to companies hiring graduates in these fields are being promoted. Scholarships of 6.9 billion MNT have been awarded for students in leading and in-demand professions, and 6.2 billion MNT to some students in high-demand fields, along with 4.3 billion MNT in student loan payments. The graduation regulations for higher education institutions have been updated to include a diploma supplement that provides international standard information on student learning outcomes, evaluations, qualification frameworks, as well as detailed records of student achievements in research, academic, and social responsibilities. State universities conduct annual post-graduation tracking studies and plans are to fully digitize this tracking. The government will support systems providing lifelong education at higher educational institutions. There are currently 39 councils and 19 sub-councils with over 180 programs offering doctoral degrees, aimed at involving researchers in collaboration for establishing a national academic database. Scholarships totaling 9.6 billion MNT are allocated for research training for students in leading and demanding fields. The government covers fixed expenses for assets totaling 13 billion MNT owned and used by government educational training establishments. The rankings of higher education institutions are organized as per the government's decision. Newly established research institutions will get 1.8 billion MNT each as subsidies. In response to inquiries during the session, the Minister of Education, P. Naranbayar, indicated possible changes to regulations allowing only the degree holder to claim intellectual property rights, encouraging domestic bachelor education followed by master's or doctoral studies abroad if necessary. Loans are available for bachelor studies, with grants for master's and doctoral levels. Parliament member J. Galbadrakh inquired about policies to increase enrolment in natural sciences, and how universities are preparing to transition from educational to research institutions. University rectors addressed these inquiries with Agriculture University Rector B. Basansukh highlighting efforts to improve faculty expertise and laboratory resources, and implementing joint advanced programs. MUIS Rector B. Ochirkhuuyag stated that establishing a research university requires using over 30% of income for research, demanding urgent legal frameworks for research financing. AUSHUIS Rector B. Dambindorj emphasized efforts to establish a university hospital, necessary to reduce reliance on student fees. The Director of Higher Education at the Ministry of Education, J. Ariunbold, stated that 25% of professional workforce needs in the agricultural sector, especially in rural areas, have been met. HAI is relocating to Darkhan-Uul Province as per the government's action plan, and admissions policies are being revamped including increasing entry scores annually. Lawmakers such as B. Kherlen proposed tax incentives for private sectors employing graduates from leading fields, also suggesting tax breaks for private companies collaborating with university faculty on research projects. Deputy Secretary for the Ministry of Education, J. Batjargal, noted the tax law amendment provides deductions for businesses investing in human development. University rectors stressed that research universities could fully develop with 70% government financing. They highlighted the need to improve teacher skills, enhance cooperation, and strengthen resources. Comments included improving rural university capacities, consistent foreign student scholarships, focusing on graduate skills, and implementing workplace competency evaluations. Parliament member G. Damdinyam called attention to the insufficient implementation of laws, proposing a working group to expedite legislative execution, supported by committee members.

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China's AI "DeepSeek" Shows Potential to Win the "Trade War"

Published: 2025-01-14 | Translated from: gogo.mn

Advancements in artificial intelligence technology have become so abundant that it is difficult to discern which are truly important and which are merely coincidental. Nonetheless, experts suggest that particular attention should be paid to the recent emergence of the DeepSeek-V3 large language model (LLM) from China. Its significance extends beyond the tech sector, encroaching into the realm of commerce. Innovation Arises from Restriction Many experts have tested the new version of "DeepSeek" over just a few days and have added it to their list of top LLMs. One such expert, "Bloomberg" columnist Tyler Cowen, praised "DeepSeek" for its speed and ease of use, as well as for having a free version. There are several factors that distinguish "DeepSeek" from other models. Firstly, it was developed by a hedge fund rather than a technology company. Secondly, sources report that the model was trained at a cost of only about $5.5 million. Perhaps the most crucial distinguishing factor is that "DeepSeek" does not use advanced class semiconductor chips. The Biden administration in the US is actively working to restrict the export of such chips to China, aimed at national security broadly and, more specifically, at slowing China's progress in artificial intelligence development. Due to the inability to use new types of chips, "DeepSeek" had to find alternative, low-cost ways to train its model. In other words, while US restrictions may have set back China's AI progress by a few years, they have also created the conditions for a major innovation from the country, represented by "DeepSeek."

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Health

WHO Announces Increased Investments in Local Projects

Published: 2025-01-14 | Translated from: unuudur.mn

The World Health Organization's (WHO) office in Mongolia has announced plans to increase investments in local areas this year. In this regard, the WHO representative, Dr. Socorro Escalante, is visiting some regional health facilities to become familiar with their activities. The Governor's Office of Bayankhongor Province has declared 2025 as the "Year of Promoting Health" and plans to allocate 60-70% of its total budget to this sector, as informed to Socorro Escalante. Specifically, the province intends to put a narcological hospital into operation, upgrade the outpatient facilities of its general hospital, and aim to reduce the leading health issues among the population. Socorro Escalante remarked, "In 2025, WHO will collaborate with the Ministry of Health to assist Bayankhongor Province in acquiring a fully-equipped laboratory and an internationally standardized outpatient facility. Moreover, we are prepared to enhance the capacity of the emergency centers at the general hospitals in 10 provinces and provide equipment to local health organizations under the framework of the tuberculosis M2 project."

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SÜKHBATAR: Japan Funds Renovation of Provincial General Hospital

Published: 2025-01-14 | Translated from: montsame.mn

Through the financing of 233,748 USD from the Government of Japan, major roof repairs and other maintenance of the provincial general hospital will be conducted this year. An agreement was signed to this effect by the Ambassador Extraordinary and Plenipotentiary of Japan to Mongolia, Igawahara Masaru, and the Governor of Sükhbaatar Province, M. Iderbat. This grant agreement for the Sükhbaatar Provincial General Hospital renovation project will be implemented under Japan's Government's "Grassroots - Human Security Grant Aid" program. The signing ceremony was also attended by the Minister of Urban Development and Construction, J. Batsuuri, and local representatives. The Provincial General Hospital building has not undergone major repairs in the last 30 years, leading to issues such as water leakage from the roof and frequent electrical outages due to equipment failures, posing risks to the continuity of medical services and infection control measures, according to the head of the provincial general hospital, D. Altantuya. By implementing this project, these issues will be resolved, allowing the hospital's doctors and staff to work in a comfortable environment and providing patients with a safe and healthy atmosphere for treatment and care. Since 1990, the Government of Japan has been implementing the "Grassroots - Human Security Grant Aid" program in Mongolia. This current project marks the country's 610th nationwide project and the 15th project to be implemented in Sükhbaatar Province.

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Renovation of Sukhbaatar Province General Hospital with "Grassroots" Assistance

Published: 2025-01-14 | Translated from: montsame.mn

Under the Government of Japan's "Grassroots Human Security Grant Assistance" program, a project has been initiated to renovate the General Hospital of Sukhbaatar Province. Today, the agreement for this project was signed by the Extraordinary and Plenipotentiary Ambassador of Japan to Mongolia, Masaru Igawahara, and the Governor of Sukhbaatar Province, M. Iderbat. The ceremony was attended by Minister of Construction, Urban Development and Housing, J. Batsuuri. Within the scope of the project, repairs will be made to the premises of the province's General Hospital. The hospital has been facing issues such as water leakage from the roof and electrical equipment malfunctions, causing power outages that create risks of disrupting medical services and infection control protocols. Ambassador Igawahara emphasized that once the project is implemented, these issues will be resolved, allowing the hospital staff to work in a comfortable environment and enabling patients to receive treatment in a healthy and safe setting. Since 1990, the Government of Japan has been implementing the "Grassroots Human Security Grant Assistance" program, with this project being the 610th overall and the 15th implemented in Sukhbaatar Province. The maximum funding for this approved project is USD 233,748. The "Grassroots Human Security Grant Assistance" program is a collaborative initiative carried out in partnership with local governments, educational and healthcare institutions in developing countries. It provides financial support for projects that directly benefit the local population, with Japan's diplomatic missions abroad playing a key role in facilitating this support.

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Influenza Outbreak Decreases but May Increase Again with the Start of School

Published: 2025-01-14 | Translated from: gogo.mn

According to the Minister of Health's order, during the outbreak of “influenza-like” diseases, additional beds have been arranged. As of today, 2607 children's beds are available, with 1408 children receiving treatment and 1199 beds remaining free. With the start of the vacation for general education school students, the influenza outbreak has decreased, but it may tend to increase again when classes resume. Therefore, it is advised to consistently make children wear masks, to support their immunity well during the vacation period, allow them to rest properly, and ensure they consume nutritious food. Source: Ministry of Health

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Students from Rural Areas Can Now Access Healthcare Services in the Capital City Without Considering Jurisdiction

Published: 2025-01-14 | Translated from: ikon.mn

With the joint order of the Minister of Health and the Minister of Education, a regulation titled "On Organizing Preventive and Early Detection Examinations and Activities to Support the Health of Students" has been approved. With the implementation of this updated regulation, students coming from rural areas to study in the capital can now receive healthcare services without regard to their jurisdiction. Every year, a month-long campaign to promote student health is organized. Within the scope of the campaign, students are involved in health prevention and early detection examinations, as well as training to improve their health knowledge and education. However, there had been some issues with the payment of health insurance and the conduct of preventive, early detection examinations, tests, and diagnoses. Therefore, the previous regulation was revised and approved. The Ministry of Health has stated that by fully engaging students and learners in health insurance payments, preventive and early detection examinations, tests, and diagnoses, potential health risks and financial burdens they may face in the future can be prevented, and the conditions for them to receive medical assistance and services would be provided. Notice: Media organizations (Television, Radio, Social media, and Web pages) must credit the source (ikon.mn) when using our information in whole or in part.

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Today's Stories

Politics

Economy

Diplomacy

Infrastructure

Society

Environment

Innovation

Health

Politics

B.Javkhlan: Legal Reforms Will Be Made So Low-Income Citizens Pay Less VAT

Pre-trial Review of D.Nyamjav's Case of Alleged Collaboration with Foreign Intelligence

B.Javkhlan: Tax Package Reform Will Not Increase Rates

B.Javkhlan: We will reform the tax package law, but will not increase taxes

O.Altangerel: In the last five years, the government has paid over 60 billion MNT in compensation to citizens unjustly dismissed from jobs

O.Altangerel: Government Officials Who Cause Damage to the State Will Have to Compensate It Themselves

O.Altangerel: Officials Who Make Wrong Decisions Should Repay the Damage They Cause to the Government

The Extended Government Meeting Has Begun

Ts. Davaasuren: President Kh. Battulga Should Apologize for the Unimplemented Baganuur Plant Project

Kh. Nyambaatar: I Did Not Establish the Ulaanbaatar Representative Office, Nor Did I Appoint Anyone

P. Sainzorig: Most Owners of Insurance Companies are Politicians

Economy

Residential Property Prices in Ulaanbaatar Increase by 14% Compared to Last Year, Valued at 5.7 Million MNT per Square Meter

Sign Investment Agreement with Orano Mining Company

Signing of Investment Agreement with Orano Mining Company

The exchange rate of Mongolian Tugrik against US Dollar has increased by 46 MNT in the last three months

Mega Projects' Financing May Pose Inflation Risks

Support for Discussion of Loan Agreement for Oil Refinery Project

Manufacturing and exporting car parts to Japan

"There seems to be no choice but to adjust the budget and incur a certain deficit"

'Erdenes Tavantolgoi' JSC Has Initiated Mining Operations in the Northwest Section of the Tsankhi Mine

Tax Reform - Private Sector Participation Discussion to be Held

Monetary Policy Interest Rate Kept at 10% Amid Rising Inflation Pressures

Pre-Order for Mongolia's Highest Rated "BID 2.0 Open Bond" Begins

KHOVSGOL: Mogoin Gol Company to Export 64 Thousand Tons of Coal

MNT Deposits Increase by 4.9 Trillion MNT

Diplomacy

Diplomats Appointed from the Coalition Government

South Gobi to Collaborate with Shinhan University of Gyeonggi Province, South Korea

Mongolian Geopolitics of Fleeing the World's Center

President Khurelsukh to Visit the Republic of Turkey

Infrastructure

At the Government's Expanded Meeting, Governors Are Instructed to Develop Regional Development Plans Until 2040

Road Customs Ports on the China Border Will Close for 3 Days

The Oil Refinery to be Commissioned Before Presidential Elections

B. Dugergav Appointed as Executive Director of Tavantolgoi Railway Company

S. Amarsaikhan: The Prime Minister and Members of the Government Will Work in Rural Areas from Next Month /LIVE/

Society

Blacklisted residents have the right to return home without a fine until the 30th of this month

WARNING: The number of victims falling for fake messages and calls is increasing

Empowering Women Entrepreneurs in Small and Medium Enterprises

REPORT: After Stopping the Issuance of Ulaanbaatar Series Vehicle License Plates, Plates are Being Sold for 1.5-50 Million Tugriks by Brokers /VIDEO/

O. Altangerel: Investigation Ongoing for Vehicle Break-In During Demonstration

Environment

Embassy Warning: Mongolian Residents in Miyazaki and Kochi Prefectures of Japan, Beware of Tsunami Danger

The Mongolian Embassy in Japan Issues Warning

Dornod: Detailed Study Needed for Buir Lake

Over 4,000 Tons of Waste Processed Daily Using Landfill Technology

Innovation

Scholarships Granted to Students in Leading and Demanding Professions Amounting to 6.9 Billion MNT

China's AI "DeepSeek" Shows Potential to Win the "Trade War"

Health

WHO Announces Increased Investments in Local Projects

SÜKHBATAR: Japan Funds Renovation of Provincial General Hospital

Renovation of Sukhbaatar Province General Hospital with "Grassroots" Assistance

Influenza Outbreak Decreases but May Increase Again with the Start of School

Students from Rural Areas Can Now Access Healthcare Services in the Capital City Without Considering Jurisdiction

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