Nov 22, 2024 75 min read Daily News Summaries

Mongolia News Summary for November 22, 2024

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

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Politics

Amendments to the Law on Labor Migration

Published: 2024-11-21 | Translated from: unuudur.mn

The government has decided to submit the draft law on amendments to the Law on Labor Migration to the State Great Khural (Parliament). The revised version of the Law on Labor Migration has been in effect since July 1, 2022. The amendments are aimed at limiting the number and proportion of foreign workers in high-productivity sectors such as mining, extraction, information and communication, finance and insurance, and real estate, in order to support domestic labor forces. However, the draft law plans to employ more foreign workers in construction, energy, and manufacturing sectors. The adoption of the draft law will enable business entities, organizations, and investors employing foreign workers to be exempted from the job compensation fees paid to the Employment Promotion Fund. Additionally, it will help quickly address labor shortages and accelerate the development of strategically important infrastructure and manufacturing projects, according to the government's statement.

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Mongolia is ranked 9th in the world by the number of public servants

Published: 2024-11-21 | Translated from: isee.mn

Mongolia is ranked 9th in the world by the number of public servants. Specifically, today, one out of every four employed individuals is paid by the government and is part of the large government structure. In countries around the world, 20-25% of the total workforce typically works in the public sector, but in our country, 36% of the total workers are affiliated with the public sector. Successive Parliaments and Governments have discussed creating a lean governmental structure rather than a bloated one, but these words have yet to be translated into action.

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SESSION: Discussion on Amendments to the Nuclear Energy Law is Underway

Published: 2024-11-21 | Translated from: gogo.mn

The unified session of the State Great Khural (Parliament) has begun. The session is conducting the final discussion on the draft law to amend and supplement the Nuclear Energy Law that the Government submitted, along with several other related legal projects. The unified session of the State Great Khural (Parliament) has begun. The session is conducting the final discussion on the draft law to amend and supplement the Nuclear Energy Law that the Government submitted, along with several other related legal projects.

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Cutting Expenses on Furniture and Foreign Visits is Essential

Published: 2024-11-21 | Translated from: news.mn

We spoke with Member of Parliament J. Bayarmaa. - The President of Mongolia has vetoed the entire budget for the coming year. Is this veto justified? - I welcome the President's decision to veto the entire budget for the coming year. Ultimately, the outcome of this decision is crucial. The government has no choice but to withdraw the budget for the coming year and return it with savings. Some Members of Parliament initially wanted exactly this result, wishing to approve a budget without deficit and waste. In accordance with the Law on Procedures of the State Great Khural, they expressed the view that if they reduced their operating expenses by 3.6 trillion MNT and submitted it, there would be no problem in continuing discussions. However, unfortunately, after the second discussion of the draft budget for 2025 was completed, it was forcibly approved without any legal possibility for reducing or cutting the budget, with no other option but to accept it as it is. Although the budget for the coming year was approved, a resolution was also passed to amend it within this year itself. In essence, the resolution raises legal issues, so the President decided to veto the budget for the coming year. - The budget for the coming year was approved with a deficit of 1.9 trillion MNT. However, the President has directed that next year's budget should be approved without a deficit. You and some members suggested reducing the amount of operational expenses by 3.6 trillion MNT. Do you think it will be sufficient to approve the budget without a deficit? - Approving the budget with a 1.9 trillion MNT deficit is insufficient. As I mentioned earlier, it is entirely possible to save 3.6 trillion MNT. Just two things to mention: there is almost 2 trillion MNT of expenses under the name "Services Outsourced to Others." However, under "Other Materials," more than 900 billion MNT, or 1 trillion MNT, is budgeted. These items are vague and unclear, obscuring how the money will be spent. Even these two types of expenses amount to 3 trillion MNT. Cutting expenses on furniture, equipment, foreign visits, etc., which cost hundreds of billions, and bringing it down to the 2024 level will save 3.6 trillion MNT. This is only a discussion on savings related to operational expenses. - Operational expenses are aimed at delivering government services to citizens continuously, so there is little room for cutting these expenses. Therefore, it was announced that it is unavoidable to cut about 50% of the investment expenses. This, in turn, seems to portray a picture of reducing the percentage of GDP per capita and slowing economic growth, according to the Minister of Finance. On the contrary, it is, in fact, feasible to cut 3.6 trillion MNT from the operational expenses of the budget. The recommendation from the IMF warned that if the budget is not reduced and is approved with such high expansion, economic growth will decrease by 5.5% in 2026 and by 5% in 2027. Therefore, if we can cut 3.6 trillion MNT from the budget, it could prevent inflation from rising to double digits. Mongolia is a consumer rather than a producer country. With the money coming from the budget, we purchase goods and products from abroad. Therefore, it's essential to reduce the budget because it directly pressures foreign exchange reserves and adversely affects economic growth. - The President's veto decision is not about whims, but rather ensuring the budget is approved without a deficit. Cutting investments and reducing salaries and pensions will not lead to Mongolia's development. The problem needs addressing rationally. The Ministry of Finance stands alone in this view, as other economists disagree, suggesting reducing ineffective spending and ranking investments is necessary. - There are concerns that the desire to approve next year's budget without a deficit might lead to cutting necessary expenses while keeping those that need to be reduced. How will the cutting of expenses be prioritized and decided upon? - Of the total 35.8 trillion MNT, about 72.8% is operational expenses, with the remaining 28% as investment expenses. Therefore, reducing operational expenses by cutting well-dressed, large expenses hidden under nice words would suffice. There has been no proposal to cut important investment costs deemed necessary. - There are 36 ministers and directors with the authority to approve the budget. Isn't it likely that there will be disputes about where, from whom, and how much to cut? After all, nobody wants their budget reduced. - The 36 individuals with authority to manage the budget should not have any influence. Mongolia is a unified country and must have a single policy. What sector should the country focus on developing, and in which sector should investments support economic circulation and bring in money are the questions to base decisions on. Budget expansion or reduction should never hinge on an individual or the mere discretion of budget authorities. - The government aims to target social welfare to the groups who really need it and stop giving unnecessary benefits. I firmly stand by this principle. If we fully engage this approach, we will see if and how much of the budget is actually allocated for welfare.

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Parliament has finally approved the law to amend the Nuclear Energy Law

Published: 2024-11-21 | Translated from: gogo.mn

The Parliament has finally approved the law to amend the Nuclear Energy Law and other submitted bills. The law provides the opportunity to replace the state ownership of 34 percent with a Special Royalty (AMNAT) payment and to convert common shares into preferred shares. Specifically, the AMNAT is structured with base, special, and incremental conditions. The base AMNAT is set at five percent of the sales valuation, while the special AMNAT is also five percent, and the incremental AMNAT varies from 0 to 9 percent depending on market prices. By converting common shares into 10 percent preferred shares, Mongolia will not bear any financial responsibility and will receive dividends with priority. Additionally, the investment agreement can be extended up to 20 years. Funds allocated for post-mine closure repairs and rehabilitation will be placed in a special currency account at the Bank of Mongolia and will only be used for their intended purpose. Some members criticized the lack of detailed regulations in the law regarding environmental protection, water use, and waste management, highlighting the need for attention when concluding agreements. After the law is passed, investment agreement issues will be discussed and debated in Parliament, according to the head of the Cabinet Secretariat. The sector minister stated that they plan to conclude an agreement with "Orano Mining" by January 2025.

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Passed the Law on Amendments to the Nuclear Energy Law

Published: 2024-11-21 | Translated from: ikon.mn

The bill to amend and add provisions to the Nuclear Energy Law was passed with a 74.5% vote of the members present at today's session of the State Great Khural. Along with this bill, amendments were also made to the Investment Law and the General Tax Law. Mongolia has registered 192.2 thousand tons of uranium reserves, accounting for 3% of the world's uranium reserves, ranking tenth in the world by reserve size. A project to incorporate uranium deposits into the economic cycle is planned to be implemented as one of the 14 mega projects of the country's development framework for 2024-2028. The amendments to the Nuclear Energy Law aim to create a favorable legal environment for incorporating uranium deposits into the economic cycle and attracting investment. Through the National Wealth Fund, it ensures that the majority of the benefits of subsoil resources are distributed to the people. This supports the constitutional principle of equal and fair distribution for every citizen now and in the future, according to the working group that developed the bill. Warning: Media organizations (Television, Radio, Social and Web pages) must mention their source (ikon.mn) when using our information in any form, fully or partially.

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The Parliament Has Not Yet Scheduled to Discuss the President's Veto

Published: 2024-11-21 | Translated from: itoim.mn

President Khurelsukh has vetoed the entire Law on the 2025 Budget and associated legislative acts. Now, the parliament must decide whether to accept the President's veto. Currently, the President's veto is not included in the schedule of the parliament's deliberations. The parliament's Legal Affairs Department arranges the agenda, and thus far, the President's veto is not part of it. First, the President's veto is to be discussed by the parliament's Legal and Budget Standing Committees. However, these committees must include the issues they wish to discuss in the Legal Affairs Department's schedule. It seems that neither committee has yet submitted a proposal. According to the law, the President's veto must be discussed and a decision made within 10 days. The Law on Procedures of the Parliament states that: 90.1 If the President of Mongolia has vetoed a law, the National Assembly shall discuss the veto within 14 working days during a session and, if the veto is issued during a recess, within 10 days from the start of the next regular or extraordinary session, a resolution is to be adopted. 90.2 The veto by the President of Mongolia will be discussed, and a resolution issued by the relevant Standing Committees and the Legal Standing Committee that initially reviewed and commented on the issue. 90.5 After members have spoken in accordance with 90.4 of this law, an open vote is held to decide whether to accept the President's veto. If the veto applies to specific sections of a law, a vote will be taken on each section or provision, and the parliament will adopt a resolution regarding the veto. 90.6 If two-thirds (66.6%) of the members participating in the Standing Committee and plenary session do not accept the President's veto, the law remains effective. 90.8 If the President's veto is accepted, the law or certain parts of it will be annulled, or amendments and changes will be reviewed, and a resolution may be adopted. 90.9 If the President's veto is accepted and amendments or changes are needed, the relevant Standing Committee will develop the draft decision and bring it to the plenary session, without requiring opinions from the government or relevant organizations. If the parliament accepts the President's veto, Finance Minister B. Javkhlan has informed that the government is ready with a revised 2025 budget without deficit. If the budget is approved without a deficit, it is planned to cut 50% of the 1.7 trillion investments.

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The Applauded Veto Contributed to President Khurelsukh's Desire for Re-election in 2027

Published: 2024-11-21 | Translated from: isee.mn

President Khurelsukh imposed a veto on the 2025 budget proposal, which was quite predictable. He is a skilled politician, and he knows very well what and where to speak and what decisions to make. However, the question remains whether there was a conflict or a discussion behind the veto. - THE APPLAUDED VETO MIGHT CONTRIBUTE TO HIS DESIRE TO BE RE-ELECTED AS PRESIDENT IN 2027 - Thus, it is likely that both scenarios are possible. Regardless, President Khurelsukh made a decision that the public anticipated and increased his reputation, while also extinguishing the "fire" and saving the government and the parliament. As a result, President Khurelsukh remains with a good reputation, while the parliament and government have acquired a negative image. Crucially, the veto that was applauded by the public might significantly contribute to his desire to be re-elected as President in 2027. This is because, in order to be re-elected in 2027, he has started working to nullify Article 30.2 of the Constitution, which states: "A native citizen of Mongolia who has reached the age of fifty and has been permanently residing in the country for at least the last five years shall be elected as President for a term of six years only once." We have previously reported with evidence that he began paving the way for re-election as early as 2023. In April of this year, citizen S. Nomynbayasgalan, and in January 2024, citizen E. Khishigsuren, submitted similar information to the Constitutional Court. In other words, according to their complaints, they may grant the Constitutional Court the right to amend the constitutional amendments of 2019 by nullifying Section 8.2.1 of the Law on the Constitutional Court, which monitors whether laws other than the Constitution and its amendments, as well as other decisions of the parliament, comply with the Constitution. If their complaints are accepted by the Court, and the provision "Elected as President for a term of six years only once" from the 2019 constitutional amendments is changed, it would allow the current President Khurelsukh to run for election a second time, or adjust the term of the President by electing him through parliament. What is intriguing is whether the ruling party MPP’s chairman, L. Oyun-Erdene, wishes for this. If Prime Minister L. Oyun-Erdene opposes it, it will lead to severe conflict. The outcome is unpredictable. On the other hand, if supported, the parliament might also rush into accepting the decision by the Constitutional Court and move towards the option of electing the President through the parliament. However, there is hope that the democratic parliament with 126 members will firmly reject this harmful step back. Anyway, the public pays great attention to this issue and will continue to observe closely. - INSTEAD OF CONFLICT REGARDING THE VETO, A NEGOTIATED PROCESS IS TAKING PLACE - However, it seems there is more of a negotiated process rather than a conflict regarding the veto. Normally, even before the budget is submitted, the parliament, government, and President negotiate and agree. The current budget proposal has high expenditure and a 1.9 trillion deficit. Additionally, unnecessary investments, such as distributing cultural entertainment vouchers and establishing information technology centers in localities costing 18 billion, contribute to public discontent. When public discontent flared up regarding these expenditures, the parliament promised an "amendment" and forcedly passed the budget at the final voting by just managing to get the MPs to raise their hands for approval. The budget was going to be amended anyway. As soon as the President's Office announced the veto on the 2025 budget proposal, Finance Minister J. Javhlan promptly stated, "We accept the veto. The government is prepared and has made its calculations." From his statement, it appears that the government likely discussed and agreed with the President regarding the veto. Since the budget was not yet spent, an amendment would not take place until February or March. Moreover, if advance investments are made or tenders are issued before the amendment, it will make the amendment process more complex and potentially lead to additional issues. During the amendment, the conflict between the parliament and the government could also escalate quickly. Therefore, the President's veto might result in lesser damage for the government. The Ministry of Finance has already done its calculations. Now, the parliament will discuss and make a decision on whether to accept the President’s veto within 14 days. If less than two-thirds of the MPs do not accept it, the law or decision will remain in effect.

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BULGAN: Specific Government Functions to be Delegated to NGOs

Published: 2024-11-21 | Translated from: montsame.mn

Bulgan Province's Citizens' Representative Khural Chairman Sh. Nasandulam met with representatives of civil society organizations operating in the province at the Citizens' Hall to hear their opinions and suggestions. This meeting was initiated by the Chairman of the Citizens' Representative Khural to familiarize himself with the activities of civil society organizations and to exchange proposals for future collaboration with the Khural. The discussion was attended by representatives, leaders, and active supporters from 30 organizations. In Bulgan Province, there are 192 non-governmental organizations registered with the state. The meeting deliberated on potential collaborations over the next four years, expressing support for proposed initiatives. From the consultation, an agreement was reached to establish a council between the state and civil society organizations. Additionally, within the scope of delegating certain government functions to NGOs over the coming four years, it was decided to develop proposals for services and works that NGOs could implement. Furthermore, Chairman Sh. Nasandulam and Secretary O. Naranjargal of the Citizens' Representative Khural organized a meeting with the secretaries of the sum Citizens' Representative Khurals. The meeting provided timely information and gathered suggestions for continued collaboration.

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There is a trend towards not approving a budget with excessive spending

Published: 2024-11-21 | Translated from: news.mn

Mongolian President has vetoed the upcoming year’s budget. We spoke to D. Batbayar, a member of the Mongolian parliament and the head of the Subcommittee on Budget Expenditure Control, regarding this decision. - Yesterday, the President of Mongolia, U. Khurelsukh, vetoed the entire budget for the upcoming year. How do you evaluate this occurrence? - I see it as a correct action. During the two weeks that we were discussing next year’s budget, we were all talking about it. We discussed that it is a very large inflated budget, and it needs to be saved. At that time, we were constrained and boxed in and went through the budget discussions. Now, the budget for next year will be discussed again over the course of 14 working days. Personally, I support this position. - As the chair of the Subcommittee on Expenditure, what expenses do you think should be saved, and how should the issues be prioritized on the upcoming budget? - I have two proposals. Firstly, let's freeze the construction of new buildings being funded by the state budget. As the national assets increase, so do the operational and capital expenses. Therefore, let’s stop construction projects for this year. Let’s save the incoming revenues for this year, and maintain this position. Secondly, let’s do a detailed analysis of the operational expenses and let’s reduce them once again. Let’s keep the last two years’ operational expenses even into the next year - that is a proposal. - The Minister of Finance said that they intend to cut about 50% of the investment expenses. Isn’t it necessary to make investments for the economy to recover? What is your position on this matter? - The state is not necessarily obliged to make investments. It is perfectly fine for the state to facilitate the construction of buildings, infrastructure, and undertakings that private businesses and enterprises are unable to carry out. - Going forward, is approving a budget without a deficit a priority? Or should we aim to reduce it from 1.9 to closer to 3.6? - The numbers can go up and down. I understood from the budget-related issues this time that there is an emerging standard of no longer approving a budget with excess spending. - During the budget discussions, the Finance Minister attacked the members who opposed the budget. Yet, after the President vetoed next year’s budget yesterday, he expressed a positive reception. What is your stance on this? - During the first discussion, the Finance Minister seemed frustrated. After the second discussion, it seemed to be better. - Since this parliament was formed, the budget has been up for discussion three times. How do you view this occurrence? Do you see the increased number of parliament members as contributing to greater capability and repeated budget discussions? - With the increase in the number of parliament members, people are talking about the budget and society is paying attention. Therefore, I believe that expanding the parliament has become an advantage.

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Economy

India Expresses Interest in Purchasing Coking Coal from Mongolia via Ulaanbaatar Railway

Published: 2024-11-21 | Translated from: isee.mn

India has expressed its interest in purchasing coking coal from Mongolia through the Ulaanbaatar Railway. Initial discussions involve conducting a trial transport. Today, His Excellency Mr. Atul Malhari Gotsurve, the Indian Ambassador Extraordinary and Plenipotentiary to Mongolia, and Mr. O.A. Kazakov, the First Deputy Director of Ulaanbaatar Railway, exchanged views on the possibility of transporting Mongolia's mining export products, particularly coking coal, to India through the railway via Russia.

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Published: 2024-11-21 | Translated from: montsame.mn

Summary of today's events: - The plenary session of the State Great Khural (Parliament of Mongolia) will be held. At 9:00 a.m.: According to the Government's resolution, the Mineral Resources and Petroleum Authority will hold a ceremony to sign a production sharing agreement with "Mongolia Floison Energy" LLC for oil exploration in the Kherlentohoi XXVIII field at the Petroleum Authority. At 12:00 p.m.: A press conference will be held for the 20th anniversary concert of the band "Take Off". Follow @montsame.mn

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Under the auspices of the President of Mongolia, the "Mongolian Sustainable Finance Forum 2024" will be held

Published: 2024-11-21 | Translated from: ikon.mn

The annual Mongolian Sustainable Finance Forum event, traditionally organized every year, will take place from November 27 to 29, 2024, under the theme "Financing Mongolia's Green Development." Each year's ToS Forum serves as a bridge where policy makers, regulatory bodies, private sector representatives, and civil society leaders from various sectors come together to openly discuss their efforts and challenges, outline future steps, and strengthen cooperation among all parties to achieve tangible results. This year's main session of the ToS Forum will be held on November 28 at the State Palace, focusing specifically on topics such as the green transition of the agriculture sector, financing energy-efficient residential housing, and increasing the flow of green finance, which are currently of special concern for us as a nation. In addition to the main forum activities, specialized trainings and workshops aimed at banking and financial sector professionals and small and medium enterprises will be held on November 27 and 29. These sessions will cover topics such as impact investment, biodiversity financing, and climate reporting, making them noteworthy. The ToS Forum, now in its third year under the auspices of the President of Mongolia, is organized by the Office of the President of Mongolia, the Mongolian Sustainable Finance Association (ToS Association), Khan Bank (the Leading Bank of ToS Association for 2024), and the United Nations in Mongolia, with the support of other domestic and international partner organizations. Those interested can visit the following link for the program and registration information. For inquiries, it is possible to contact the ToS Association at 72772002. Forum Program: drive.google.com/drive/folders Registration for the Main Forum on November 28: docs.google.com/forms Warning: Media organizations (TV, Radio, Social and Web pages) must cite the source (ikon.mn) when using our information in any form, whether fully or partially.

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Millennium Challenge Account-Mongolia Request for Quotations

Published: 2024-11-21 | Translated from: ikon.mn

MILLENNIUM CHALLENGE ACCOUNT-MONGOLIA REQUEST FOR QUOTATIONS Procurement of Professional Audio-Visual Equipment Contract Number: MCA-M/Proc/104 The United States of America, acting through the Millennium Challenge Corporation (“MCC”) and the Government of Mongolia (the “Government”), have entered into a Millennium Challenge Compact for Millennium Challenge Account assistance to help facilitate poverty reduction through economic growth in Mongolia (the “Compact”) in the amount of 350 million USD (“MCC Funding”). The Compact will assist the Government in meeting the projected demand for water in the capital city of Ulaanbaatar for residential consumers and commercial and industrial users through a Water Supply Project. The Government, acting through Millennium Challenge Account-Mongolia (the “MCA-Mongolia”), intends to apply a portion of the MCC Funding to eligible payments under a contract for which this Request for Quotations (RFQ) is issued. Any payments made by the MCA-Mongolia under the proposed contract will be subject, in all respects, to the terms and conditions of the Compact and related documents, including restrictions on the use and distribution of MCC Funding. No party other than the Government and the MCA Entity shall derive any rights from the Compact or have any claim to the proceeds of MCC Funding. The Compact and its related documents can be found on the MCC (www.mcc.gov) and MCA-Mongolia website (https://mca-mongolia.gov.mn/). The MCA-Mongolia now invites quotations from eligible offerors for Procurement of Professional Audio-Visual Equipment. Technical descriptions for these goods are provided in the RFQ document. The selection will be conducted through the shopping procedures specified in the MCC Accountable Entity Procurement Policy and Guidelines (PPG) and is open to all eligible offerors as defined in the RFQ. The complete RFQ document will be provided to interested offerors upon the submission of a written request sent through an e-mail with subject line “Procurement of Professional Audio-Visual Equipment” to Procurement Agent at PA-Mongolia@charleskendall.com with a copy to procurement@mca-mongolia.gov.mn. Interested offerors should provide their full contact information in the request. This will ensure that the offerors receive updates regarding the RFQ. Any clarifications needed shall be submitted in writing to the Procurement Agent at PA-Mongolia@charleskendall.com, cc to procurement@mca-mongolia.gov.mn not later than November 26, 2024, by 3:00 pm, Ulaanbaatar Time. MCA-Mongolia will consolidate all submitted requests for clarifications and will issue a Q&A document not later than November 27, 2024, by 3:00 pm, Ulaanbaatar Time. Quotations must be uploaded to the submission link specified in the RFQ Document not later than December 2, 2024, at 12:00 pm local time in Ulaanbaatar, Mongolia. Only electronic submissions will be permitted (quotations submitted by email and hard copies will not be accepted). Late proposals will be rejected. Millennium Challenge Account–Mongolia. Please note that media outlets (TV, Radio, Social, and Web pages) must always cite their source (ikon.mn) when using our information in any form, either in full or in part.

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Juan Renwei: The Countries of the Global South, Including Mongolia, Will Be the Main Drivers of the Future Global Economy

Published: 2024-11-21 | Translated from: ikon.mn

China organized the international forum "China in Sight, Global Insight 2024" in Guiyang on the 18th and 19th of this month, with the aim of sharing development experience and expanding mutually beneficial cooperation with developing countries. More than 200 guests from 50 countries, including Mongolia, Kazakhstan, Thailand, Turkmenistan, Romania, and Italy, participated in the forum. From Mongolia, the delegation was led by academician B. Batkhishig, a doctor of economic sciences and head of the Department of Policy Studies and Political Economics at the Academy of Sciences, along with researcher professor D. Bayarkhuu, among others, who participated and exchanged views on the future of cooperation between the two countries. The organizers emphasized in their speeches that although China’s open policy had previously focused on Western countries, it is now aimed at fostering mutually beneficial cooperation with developing countries. Particularly, as the "Belt and Road" initiative enters a new phase, developing countries are urged to take greater advantage of the opportunities. For instance, whereas over the past decade, the initiative mainly implemented infrastructure projects such as roads and bridges, the next phase focuses on programs centered around new technology. A representative example of this initiative is Pakistan, which successfully implemented projects like highways, bridges, and railways. Now, it is preparing for the next phase involving industrial technology projects, as explained by Dr. Fazal ur Rehman, representing Pakistan during the discussion. Moreover, within this initiative, China is increasing its investments in South American countries. Professor Juan Renwei of Fudan University's Institute of "Belt and Road" and International Governance mentioned in his speech that "China is a market where anyone can enter and work. As the volume of exports grows, countries will benefit." It is worth mentioning that the "Belt and Road" initiative has led to projects like the Buyant-Ukhaa Sports Complex, the Nalaikh road, and the Erdenet Thermal Power Plant in Mongolia. After the first discussion session of the forum, we had a short conversation with Professor Juan Renwei from Fudan University's "Belt and Road" and International Governance Institute about the potential for bilateral cooperation. - Could you speak about the common challenges faced by developing countries and the solutions to address them? - For developing countries with natural resources, it is challenging to bring their resources to the international market. For instance, due to a lack of infrastructure and technological development, they cannot export their resources to the global market. Furthermore, they have a shortage of human resources, so there is a need to improve the quality of education. Another issue for developing countries is internal problems. Political crises and conflicts are barriers to achieving advanced development. Therefore, countries must resolve these issues to develop and progress. Mongolia and China have great potential for cooperation. Mongolia has the full potential to bring its resources to the global market. It needs to process its raw materials, improve manufacturing, add value, and better supply to the global market. Developing Mongolia's human resources is also important, and there are opportunities for collaboration. It is crucial for Mongolia to maintain political stability. While we do not interfere in your country's internal affairs, we hope for stable conditions. - In the "Belt and Road" initiative, a program to educate 100,000 people from developing countries in green economic development was signed last year and will be implemented until 2030. What share does our country have in this program? - To train 100,000 skilled personnel by 2030, an average of 15,000 people must be educated each year. A detailed plan is needed regarding what specialties, which universities, and how long the training will last. This includes programs from bachelor's degrees to improving professional skills and training specialists with technological expertise. The relationship between Mongolia and China has broad potential. It can reach even higher levels than currently. A lot can be done to deepen cooperation over a long term, such as beyond the 2030 plan, extending to 2035, and including aspects like transportation, infrastructure, and production chains. - With international representatives participating in and exchanging views at the forum, could you share your perspective on its main outcomes? - The main goal is to study and learn from China's experience for the countries of the Global South. It is also crucial to listen to their opinions. Because the Global West or Western countries determine about 90% of the world public opinion orientation, the forum aims to change this established pattern as the voices of Global South countries are not being heard enough. Additionally, there is an effort to assist the Global South countries in improving their technology. These countries will become the main drivers of the world economy. Although Mongolia is geographically located in the northern hemisphere, it is part of the Global South due to its economy as a developing country. Therefore, the collaboration between China and the Global South also includes China-Mongolia cooperation. I am pleased that Mongolia is participating extensively in today's forum. I am confident that the cooperation between our two countries will continue to expand and develop. China aims to deepen its relations with developing countries. The call to increase the volume of products exported to the Chinese market is welcome news for our country. During the visit of the President of Mongolia to China in 2022, an agreement was made to double coal exports, and since then, the physical volume of coal exports has been increasing. Opportunities remain. Although one of the largest global markets is our neighboring country, we have not been able to leverage it adequately, partly due to policy errors over time and entrenched social attitudes. Politicians should curb frivolous remarks aimed at "gaining points" and should listen to and consult with their experts and researchers more thoroughly to realistically utilize opportunities to expand the economy. Researchers should also openly discuss and detail their opinions, positions, causes, and reasons in the media, which will be beneficial in many ways.

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Increasing the Revenue of the National Wealth Fund

Published: 2024-11-21 | Translated from: unuudur.mn

"Erdenes Mongol" LLC's leadership, governance, and operations, as well as the results of improvements to the management system, and the reform measures within the creation of the National Wealth Fund, were discussed at yesterday's regular meeting of the government. As a result of improving governance and management operations and making system-wide reforms, "Erdenes Mongol" extracted 599.6 thousand tons of copper concentrate and 35.1 million tons of coal in 2023, achieving sales revenue of 14.9 trillion togrogs and a net profit of 4.5 trillion togrogs. It also contributed 4.5 trillion togrogs in taxes to the state and local budgets. Additionally, with the approval of the law on the National Wealth Fund by the Parliament, "Erdenes Mongol" has established a legal basis for sustainable operation. In line with the implementation of this law, "Erdenes Mongol" will concentrate 500 billion togrogs into the Savings Fund in 2024, which will enable 10 thousand households to participate in the housing program. "Erdenes Mongol" is planning to implement the next comprehensive reform to increase the revenue of the National Wealth Fund. As part of this, it is accelerating efforts to acquire land for state special needs for the establishment of complexes for iron production, construction material production, coal-chemical processing, fluorite processing, and coke-chemical production.

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KhasBank Secures $55.7 Million Funding from International Financial Institutions

Published: 2024-11-21 | Translated from: ikon.mn

KhasBank has successfully secured a total funding of $55.7 million aimed at supporting micro, small, and medium enterprises (MSMEs), environmentally friendly businesses, and energy-efficient consumption. This funding includes $30 million from the German Investment and Development Corporation (DEG), $20.7 million from responsAbility sustainable finance platform, and $5 million from the United States-based Development World Markets (DWM). This financing will be used to support MSMEs, particularly women entrepreneurs, while also promoting green businesses and environmentally friendly projects that positively impact climate change mitigation and reduce greenhouse gas emissions. KhasBank has consistently focused on enhancing financial inclusion and has directed its products and services towards this goal, introducing various innovative services such as allowing MSMEs to submit loan applications online for rapid processing and offering more favorable conditions for female entrepreneurs. Furthermore, we are steadfast in supporting eco-friendly initiatives, green businesses, and energy-efficient consumption. As a result of our sustainable financing efforts, we have achieved a reduction in greenhouse gas emissions equivalent to 2.5 million tons of CO2 by 2024. About the German Investment and Development Corporation (DEG):
DEG is a publicly owned financial institution of Germany, investing in projects aimed at promoting private sector growth and sustainable development in developing and middle-income countries, covering areas such as agriculture, renewable energy, water supply, education, and health. About responsAbility:
ResponsAbility is an international development finance institution focusing on investments in emerging markets, committed to social responsibility and sustainable development. The organization invests in MSMEs, the green economy, and projects with positive social impact, offering financial products designed to support their sustainable growth. About Developing World Markets (DWM):
Developing World Markets is a financial institution aimed at supporting MSMEs operating in emerging markets to foster economic sustainable growth. DWM promotes socially responsible and sustainable business solutions by preparing private sector investments and development finance to support financial needs. Notice: Media outlets (TV, radio, social media, and websites) must cite their source (ikon.mn) when using our information in any form, whether fully or partially.

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Trading Mining Products on the Exchange

Published: 2024-11-21 | Translated from: gogo.mn

In the leading and largest conference on the stock market, the Investor Nation Summit 2024, a preliminary discussion has been held on topics that are most pressing in economic and social life today. Among the five discussions scheduled before the summit on November 23, 2024, the second one was conducted on "Trading Mining Products on the Exchange," moderated by A. Undral, CEO of Tengri TV, with participants including T. Tserenbadral, Deputy Director of the Financial Regulatory Commission, Member of Parliament G. Uyangakhishig, Executive Director of Ard Securities JSC Kh. Bilguun, and Deputy Director of TDB Securities G. Enhbat. Moderator A. Undral noted that selling mining products openly could have a significant positive impact on Mongolia's economy and improve governance. Since the introduction of these ideas, a considerable amount of time has passed. Could you provide information about the current situation in this market and what we need to know? Since we began trading coal, Mongolia's main mining product, on the exchange, a total of 37.5 million mining products have been traded through the exchange, generating about 16 trillion MNT in revenue. T. Tserenbadral explained that the law on the mining product exchange was first passed in 2022 by the Parliament. Since the adoption of this law, a total of 806 trades have occurred to date. The mining sector itself is of exceptional importance to the economy, accounting for 93 percent of exports and 25 percent of the GDP. In this context, the FRC has actively participated in the process of drafting, implementing, and overseeing the law on exchanging mining products over the exchange. Currently, the public is paying considerable attention to what advantages have arisen since trading mining products on the exchange. To answer this, since we started trading the main mining product coal on the exchange, 37.5 million mining products have been traded on the exchange, generating approximately 16 trillion MNT in revenue. What I want to highlight here is that coal trading saw an 8.5 percent increase, while iron ore showed a 5.8 percent increase. Analyzing these figures, enterprises in Mongolia have achieved a profit increase of 1.3 trillion MNT by trading mining products on the exchange, which is a positive indicator. On the other hand, as trades become more transparent, the number of international participants interested in Mongolian mining has increased. There are many positive aspects such as the growing reputation of mining products. The FRC plans to take various measures to diversify the types of mining products traded, reach international standards, and develop derivative financial instruments. G. Uyangakhishig, commenting as one of the few members of the newly formed parliament advocating for the mining exchange market, was asked how the current situation could be successfully advanced and what policies should be adhered to. Member of Parliament G. Uyangakhishig replied that we are aware of the advantages that have emerged since the commencement of trading mining products on the exchange. Even when tied to the current budget discussions, mining products form the main component of budget revenue. Active discussions are being held about also trading copper through the mining exchange. If we look at proposals made by parliamentarians, they speak of halting non-exchange trades and passing all coal trades through the exchange. It is suggested that trades conducted through the exchange could surpass real trades. G. Enhbat from TDB Securities shared that from the spring onwards, they have conducted trades amounting to 100 billion MNT, noting that the biggest issue that arose was related to clearing and settlement. H. Bilguun from Ard Securities stated their full support for the initiatives and proposals from the government and policy makers regarding trading mining products on the exchange. He highlighted the steps taken in preparing staff and ensuring systems align directly with the Mongolian stock exchange. T. Tserenbadral from the Financial Regulatory Commission emphasized the need for market participants to be well-prepared as new products and services are introduced. The discussion, which lasted 60 minutes and involved a diverse range of topics and insights from government, private sector, and policy makers, established a good basis for sharing perspectives and expectations on trading mining products on the exchange. This was part of the series of discussions leading up to the Investor Nation Summit 2024.

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Tenger Insurance, the Most Profitable Company in the Insurance Sector, to Conduct an IPO

Published: 2024-11-21 | Translated from: ikon.mn

Insurance is the Future - Tenger Insurance IPO: Tenger Insurance, the most profitable company in the insurance sector, is set to become a publicly listed company and offer its shares to the public. We present an interview with A. Ulziidelger, CEO of Mandal Capital Securities, which is serving as the underwriting assistance for this IPO. - Hello! First of all, let me ask what you think about the future growth of the insurance sector. Is insurance really the future? - We are entering a decade where everyone will use insurance products within 10 years. People and organizations are beginning to understand the benefits of insurance and are showing great interest in this sector. For example, only 1 out of 8 cars on the road have vehicle insurance. If at least 50% of vehicles were insured, the insurance sector would have the opportunity to grow several times larger. Currently, insurance consumption in Mongolia is 12 times lower than the global average. Just a few years ago, we were almost forgetting that we didn't know about online banking and bank cards. The banking sector has greatly developed in Mongolia. Similarly, the insurance sector is now at the pre-development stage. Soon, the number of uninsured cars, uninsured construction projects, and individuals without health insurance will be very few. The development of the insurance sector is crucial for the development of a country. Therefore, major changes are planned for the insurance law next year. Once this revised law is approved, it will open the opportunity for the insurance sector to develop closer to the international average level. Therefore, insurance is the future. - What advantages are there for investors in purchasing Tenger Insurance's shares? - Tenger Insurance is a standout company in the insurance sector. This company alone accounted for 56% of the total net profit of the insurance sector in 2023. With 23 years of experience in the industry, Tenger Insurance is a leader in profitability and stability. Tenger Insurance has been operating profitably for 16 consecutive years without any bank debts, increasing owners' equity by 25% annually. By becoming a shareholder in the sector's most profitable company, you can enjoy the benefits of the future development of insurance. Moreover, Tenger Insurance protects its clients and is a reputable company internationally. It leads the sector in claim payouts, paying 100% of claims according to the contracts. It is also the only insurance company in Mongolia to have consistently undergone international audits for the past 10 years and operates at an international professional level, making it the sole partner of the world-renowned Berkshire Specialty Insurance in Mongolia. - How is Tenger Insurance's valuation determined? Can you provide information about the share price? - The company is being released below its real valuation. It plans to make 21% of its total shares publicly available, raising 10 billion MNT from the market. - How can one place a share order? - Investors can place share orders by clicking on the link ipo.tengerdaatgal.mn. You can also obtain information and place orders by calling Mandal Capital Markets Securities at 7575-3399. Additionally, detailed information on shares is provided at the World Finance History Museum, located on the 5th floor of Meru Tower. Warning: When using our information in any form, whether fully or in part, media outlets (Television, Radio, Social Media, and websites) must credit the source as (ikon.mn).

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Published: 2024-11-21 | Translated from: montsame.mn

The head of the Mineral Resources and Petroleum Authority, L. Bayarmandal, and the executive director of "Mongolia Foison Energy" company, Meng Zi Li, signed a Product Sharing Agreement. Mongolia aims to meet its oil product needs with domestic resources and is working to build an Oil Refinery in Altanshiree soum, Dornogovi province, with plans to commission it in 2027. Therefore, the exploration work at the "Kherlentokhoi XVIII" site by "Mongolia Foison Energy" LLC is very important for supplying crude oil and increasing reserves, as emphasized by the head of the Mineral Resources and Petroleum Authority, L. Bayarmandal, during the opening speech. He stated, "In Mongolia's medium and long-term development policy, we have included objectives to intensify oil exploration work, increase reserves and production, invite investors to economically beneficial projects, and create a favorable and stable legal environment. During such a period, we are signing this agreement. Therefore, it is important for the company's management to adhere to government policies and laws in the oil sector, apply responsible mining principles, promote mutual understanding with local communities, contribute to the development of soums and local areas, consider environmental and social impacts, and successfully fulfill their obligations under the agreement.” In his speech, "Mongolia Foison Energy" company executive director Meng Zi Li expressed their commitment to "strictly comply with all relevant laws and regulations of Mongolia and fulfill their duties under the contract." The company plans to spend a total of 49.7 million USD over 8 years of exploration on collecting geological information, interpretation, conducting magnetic and gravity surveys over 20,000 km², 2D seismic surveys over 2000 line/km, and 3D seismic surveys over a 400 km² area. They plan to drill 13 exploration wells, conduct sampling, comprehensive well investigations, testing, hydraulic fracturing, exploration, research, and reserve report preparation, and allocate 575,000 USD for environmental protection and restoration. The investor of "Mongolia Foison Energy" LLC, "Beijing Fuaiyer Investment" LLC, is an internationally experienced company that has been operating in oil and unconventional oil exploration and development since 2007 and will execute drilling, hydraulic fracturing, and logging activities on this site. According to the Government of Mongolia's resolution No. 137 dated October 23, 2024, the Mineral Resources and Petroleum Authority was granted the right to establish a product sharing agreement with "Mongolia Foison Energy" LLC for the "Kherlentokhoi XVIII" oil exploration site following relevant laws and regulations. Officials from the Mineral Resources and Petroleum Authority, including the head of the Petroleum Products Department B. Tuvshinjargal, the head of the State Administration Management Department Sh. Gankhuyag, the head of the Oil Exploration Department E. Munkh-Ireedui, Senior Analyst for Oil Policy at the Ministry of Industry and Mineral Resources A. Purev, and directors of related departments and agencies, as well as representatives from "Foison Energy Holdings Limited" and "Beijing Fuaiyer Investment" company director Lui Kun and other guests, attended the ceremonial event.

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Moody’s Upgrades State Bank's Credit Rating to B2

Published: 2024-11-21 | Translated from: news.mn

The international rating agency Moody’s has improved the credit rating of Mongolia from B3 to B2. Consequently, the State Bank's rating has also been elevated to the same level as Mongolia's national credit rating, achieving a B2/Stability outlook rating. According to the agency's report, the improvement in Mongolia's debt and fiscal management by refinancing its foreign debt played a key role in the elevation of the national credit rating, creating conditions for the State Bank's rating to improve. A credit rating is an economically significant indicator that affects a country's ability to attract foreign investment, reduce investment costs, and impacts both public and private sectors, including banks and financial institutions.

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Japan Airlines Offers Discounts to Passengers Arriving in Tokyo on MIAT Flights

Published: 2024-11-21 | Translated from: unuudur.mn

Japan Airlines, the national airline of Japan, started operating regular flights to Mongolia in August this year. This has provided passengers with the opportunity to travel between Tokyo and Ulaanbaatar not only on MIAT's flights but also on Japan Airlines' aircraft. To increase the flow of tourists and expand their cooperation, these two companies have announced a promotion for connecting flights. Japan Airlines has launched a discount program for passengers arriving in Tokyo from Ulaanbaatar on MIAT flights, offering reduced fares for travel to Osaka, Nagoya, Australia's Melbourne, Vietnam's Hanoi and Ho Chi Minh City, and Singapore. This is known internationally as a "code-sharing flight."

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Published: 2024-11-21 | Translated from: news.mn

Here is a summary of events happening today. 09:00 AM: The Mineral Resources and Petroleum Authority will hold a ceremony at the MRPA to sign a production-sharing agreement with Mongolia Foison Energy LLC for oil exploration at Kherlentohoi XXVIII field, according to a government resolution. 10:00 AM: The Parliament session will convene. 11:00 AM - 8:00 PM: "Cultural Expo" continues in the grand hall of the Ulaanbaatar Hotel. Over 30 organizations from 12 cultural creative industries will participate in this expo, showcasing their products and services as well as offering interactive programs. 12:00 PM: A press conference for the 20th anniversary concert of the band "Take off" will be held.

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Diplomacy

A Major Geopolitical Opportunity is Opening for Mongolia

Published: 2024-11-21 | Translated from: news.mn

The Law on Nuclear Energy was discussed and passed by the Parliament today. With the passage of the Nuclear Energy Law, a framework for obtaining the highest royalty rate is being established. Member of Parliament B. Purevdorj said: "We have discussed and passed the Law on Nuclear Energy today. Under this law, the investment agreement between the government and the Orona group will be incorporated. With the enactment of the nuclear energy law, there is now an opportunity to build a nuclear power plant and export products intended for it. The uranium investment agreement with France is becoming a major agreement comparable to the Oyu Tolgoi agreement. However, the implementation and benefits of the agreement need further improvement." "For instance, we have approved a base royalty rate of five percent, a special royalty rate of five percent, and a progressive royalty rate of nine percent, for a total royalty rate of 19 percent. The majority of the underground wealth should belong to the people. A significant portion of the income from the uranium deposit should come to Mongolia and be beneficial to the people. This creates an opportunity for the Mongolian economy to improve further. Furthermore, it is paving the way for major projects to be implemented abroad. A major geopolitical opportunity is opening up for Mongolia."

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Mongolia's Request Rejected by The Hague Court

Published: 2024-11-21 | Translated from: isee.mn

Russian President V. Putin made an official visit to our country on September 3rd, 2024. In this connection, as a state party to the Rome Statute, Mongolia declared that it would not arrest Russian President V. Putin, who has been accused by the International Criminal Court (The Hague Court) of unlawfully deporting Ukrainian children to Russia. This issue is set to be discussed in December 2024. In light of this, the court appointed judges Tomoko Akane, Rosario Salvatore Aitala, and Gerardo Ugalde to investigate the matter further. However, the Government of Mongolia requested on October 31, 2024, for the replacement of two of these judges. Nevertheless, on November 15, in a plenary session of all judges, the court unanimously decided to reject Mongolia's request.

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Infrastructure

Mongolia and Germany's Transport Sector Cooperation is Actively Developing

Published: 2024-11-21 | Translated from: montsame.mn

The 9th meeting of the intergovernmental working group between the Government of Mongolia and the Government of the Federal Republic of Germany, responsible for organizing and monitoring the implementation of the "Agreement on Cooperation in the Field of Mineral Resources, Industry, and Technology," was successfully held in Berlin, Germany. Representatives from the governments and private sectors of Mongolia and Germany participated in the meeting, exchanging information on business relations and cooperation opportunities in the fields of mining, mineral resources, renewable energy, transport logistics, and infrastructure, and discussing solutions to the challenges they face. Discussions were held in three sectors: mining, mineral resources, and renewable energy, transport, and logistics. S. Batbold, the State Secretary of Transport and Communications, emphasized that transport sector cooperation plays a key role in expanding the economic relationship between the two countries and addressing current challenges. The government is pursuing a policy of implementing major projects in air transport, road transport, roads, and railways with private sector involvement. German enterprises and organizations were invited to collaborate in these areas. In recent years, the relationship and cooperation in the road and transport sector between Mongolia and Germany have been actively progressing. In February of this year, the President of the Federal Republic of Germany, Frank-Walter Steinmeier, made a state visit to Mongolia and signed the "Agreement between the Government of Mongolia and the Government of the Federal Republic of Germany on the International Transport of Goods and Passengers by Road," establishing legal arrangements for transport between Mongolia, Germany, and the European Union countries. Additionally, in March, during the official visit of Volker Wissing, Minister for Digital Development and Transport of the Federal Republic of Germany, a "Joint Declaration of Intent on Cooperation" was signed between the Ministry of Road and Transport Development of Mongolia and the Ministry for Digital Development and Transport of Germany. During this visit, Germany's Logistics and Mobility Agency handed over two vehicles for road transport inspection and a jointly developed training program for preparing qualified driving instructor trainers. These inspection vehicles are equipped to monitor the technical condition of transport vehicles and adherence to drivers' working hours on the road, and to stop and inspect them if necessary. Since 2018, the Ministry of Road and Transport Development has been cooperating with Germany's Agency for Logistics and Mobility and the National Road Transport Center of Mongolia to enhance the skills of road transport specialists, create registered drivers, train trainers, and recognize Mongolian drivers' licenses in Germany, providing opportunities for Mongolian qualified drivers to practice and work in their profession in Germany. Officials from the Federal Logistics and Mobility Agency have conducted practice-oriented training on motorway transport control, which included exercises using these vehicles, according to the Ministry of Road and Transport Development.

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Integrating the Feasibility Study of the "Kherlen Toono" Project with Development Policy

Published: 2024-11-21 | Translated from: news.mn

One of the 14 mega projects included in the government’s action program to expand the economy is the "Kherlen Toono" project. The project aims to adapt to climate change, reduce desertification, develop tourism, and create conditions for local residents to live well by constructing a multifunctional water complex on the Kherlen River. Erdenes Oyu Tolgoi LLC is working on implementing this project. Within this scope, an executive meeting group led by E. Gankhüü, Executive Director of Erdenes Oyu Tolgoi LLC, project consultant Sh. Myagmar, and B. Oyunbileg, director of "Monhydroconstruction" LLC, which was selected to develop the project’s feasibility study (FS), visited the field to observe the progress of field research for revising the FS of the "Kherlen Toono" project. They also organized meetings with local administrative bodies in the region where the project will be implemented. In recent days, the working group has met with the heads and relevant staff of the Citizens' Representatives Meeting and the governors of Delgerkhaan and Bor-Öndör in Khentii aimag, and Sainshand soum in Dornogovi aimag, as well as water basin authorities and environmental department officials to provide information about the project and exchange views. During these discussions, E. Gankhüü emphasized that the "Kherlen Toono" project is a major water project that offers a tangible contribution against environmental degradation and desertification by supporting regional development policies, addressing the growing population and pressing water issues for agriculture and mining in the Gobi region. The project covers the eastern and southeastern regions of Mongolia, with much of the area being a natural arid zone. Specifically, the project area encompasses parts of three soums in Khentii aimag, two soums in Töv aimag, three soums in Govisümber aimag, eight soums in Dornogovi aimag, and three soums in Ömnögovi aimag. The contract for developing the FS was approved on November 1 of this year. Erdenes Oyu Tolgoi LLC is financing the FS development, and preliminary research work has begun on the potential dam site on the Kherlen River, marking a step forward for the long-discussed "Kherlen Toono" project. Thus, local leaders urged for providing accurate information to citizens about the project as it is crucial for implementing state policies and developing the region. By aligning the project with local development policies, they stressed the importance of cooperation in developing the FS and contributing to local development through the project in the coming years.

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It is planned to acquire 100 buses and 50 trolleybuses for public transport, and a proposal has been submitted to the budget

Published: 2024-11-21 | Translated from: isee.mn

At present, 1,132 buses are in operation for public transportation in Mongolia. Of the total 23 trolleybuses that used to run in public transport, 13 have reached the end of their service life this month. Currently, 10 trolleybuses are in service. The service life of these trolleybuses is expected to end in December of this year. Therefore, the public transport authority has submitted a proposal to the 2025 budget to acquire additional high-capacity public transport and trolleybuses. Specifically, in order to increase the accessibility of public transportation services, a proposal has been submitted to the budget to acquire 100 high-capacity buses and 50 trolleybuses next year, according to the Public Transportation Policy Department.

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Society

RIVER CASTLE: The Penthouse with the Highest View in Ulaanbaatar

Published: 2024-11-21 | Translated from: ikon.mn

RIVER CASTLE: FAVORABLE PAYMENT CONDITIONS We offer you the opportunity to own a new apartment under special payment conditions. Choose from the River Castle business class 3-5 room penthouse apartments and own a new home with a long-term loan at an interest rate of 1.25% from Golomt or Khaan Bank. We will cover the loan interest until the apartment is ready for occupancy. RIVER CASTLE: PENTHOUSE DESIGN You can choose from Crystal, Diamond, and Penthouse categories of apartments equipped with leading world-class brands, offering you a peaceful and comfortable environment. - Crystal category apartments offer 45-114m² area with 1-3 room options. - Diamond category apartments offer 136-171m² area with 4 room options. - The luxury Penthouse located on the 25th and 26th floors offers area choices from 109-346.8m². RIVER CASTLE: COMMERCIAL SPACE We offer 52-330m² glass façade commercial space located on floors 1-6 of the 26-story business class apartment building. Expand your business in a convenient location. RIVER CASTLE: LOCATION The most valuable location in the city center, located on the west side of "CHINGGIS KHAN" HOTEL, Sukhbaatar district 8th khoroo. The model apartment is open every day from 09:00 to 19:00. Website: www.ubproperties.mn Facebook: Ulaanbaatarproperties RIVER CASTLE: For more information, phone: 77009919 Model Apartment: SBD 8th khoroo, west side of Chinggis Khan hotel Order Office: ChD, 5th khoroo, MN TOWER, Ulaanbaatar Properties LLC Warning: Media organizations (Television, Radio, Social and Website) must mention the source (ikon.mn) when using our information in any form, either completely or partially.

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In Mongolia, it takes an average household 8 years of saving to afford a home

Published: 2024-11-21 | Translated from: gogo.mn

During the initial implementation of the preferential loan program from 2013 to 2016, approximately 70% of all sold housing units were financed through mortgage loans. Over the past 10 years, the percentage of citizens living in apartments in Ulaanbaatar has increased to 51%, mainly due to the mortgage loan program. Recently, this program has been expanding its scope and reducing interest rates, enabling banks to provide loans from their own resources. However, contrary to expectations that mortgage loan accessibility should increase, it has actually decreased, placing additional financial strain on citizens, as shown in the joint research report "Current State of Housing Finance and Ways to Improve" by the Mongolian Institute of Finance and Economics (MIFE) and the Mongolian Mortgage Corporation (MIK). The research highlights that from 2013 to 2016, around 70% of sold housing was financed with mortgage loans, whereas in recent years this figure has reduced to about 20%. It was also estimated that by 2023, due to a lack of funding sources, loan accessibility has decreased by approximately 40%. The construction sector is directly linked to the size of housing finance, making it incapable of producing a supply that meets demand. Additionally, because the interest rates are far below market levels, there is a lack of interest from investors in bonds secured by mortgage loans. Currently, the Bank of Mongolia is acting as an investor but plans to transfer the mortgage program to the government, though implementation is slow. After reducing the mortgage loan interest rate from 8% to 6% in 2020, instead of increasing accessibility, it led to housing price inflation. According to the study, when the interest rate was 8%, citizens paid an average of 532,000 MNT per month, which increased to 621,000 MNT with a 6% rate, thus raising the payment burden by 16%. Additionally, the median price of housing has doubled from 111.4 million MNT in 2013 to 222.3 million MNT last year, whilst the average household income has only increased by 2.2 times. Looking at the incomes of families buying homes, over 60% have incomes fluctuating between 1.5-3 million MNT. For those taking loans with real estate as collateral, the income is twice as high. This indicates that wealthier individuals are benefiting from lower interest rate loans. Initially aimed at lower-income, targeted groups, the program has become a tool for wealthier people to acquire additional properties. The study demonstrates that citizens' ability to purchase homes has not improved at all. As of 2023, the price-to-income ratio for housing in Ulaanbaatar is 7.8, meaning households need to save approximately 8 years of income to buy an average-priced house. Internationally, the average ratio is 1.32 times lower, and the suitable level is 2.6 times lower. Therefore, Mongolians’ income would need to increase 2.6 times or housing prices to decrease 2.6 times for purchase ability to reach a satisfactory level. The study suggests improving solutions such as balancing the amount of market and preferential loan packages, securitizing mortgage loans, creating new financial products with competitively low market interest rates, and clearly defining target groups. Please read the study for more detailed recommendations.

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Premium Corporation Supports Children Living Near Ulaan Chuluut Landfill with ₮340 Million

Published: 2024-11-21 | Translated from: ikon.mn

Premium Corporation, along with its subsidiaries Premium Concrete and Premium Nexus, is committed to corporate social responsibility by providing a donation of 340 million Tugriks to support the initiatives of Veloo Foundation aimed at the well-being of children. This donation will be used to finance projects for the children of families who live and work near the Ulaan Chuluut landfill. Specifically, it is planned to implement necessary works to improve the learning environment, such as expanding kindergartens, playgrounds, parks, and libraries. Veloo Foundation, registered in the USA and Canada in 2007, has experience in implementing international programs aimed at orphans, the poor, and socially vulnerable children. The foundation works in the fields of education, employment, infrastructure development, and humanitarian aid, and has successfully implemented various projects such as the Sun Child Kindergartens 1 and 2, Gandhi Public Library, Flying Crane Children's Summer Camp, and the Fran London Sewing Studio. According to M. Bayarbaatar, Project Director of Premium Concrete LLC, "Veloo Foundation implements diverse, practical, and effective projects for the well-being of children, their living conditions, and educational attainment. Therefore, we have decided to contribute to these socially beneficial activities and have organized today's event." G. Chinzorig, Deputy Executive Director of Premium Nexus LLC, said: "Within the scope of our corporate social responsibility, we have initiated and implemented various activities and aim to bring positive changes to society through our operations. This donation is a clear example of these efforts. We believe that every child has the right to grow up, be educated, and mature in a safe environment, regardless of their family's standard of living." Founders of Veloo Foundation, Julie and Chelwan Veloo, have been working for many years to contribute to Mongolian society, and all the foundation's projects are implemented with 100% donation support. Notably, all the funds donated provide opportunities to increase equitable access to education for the children of families in need. Warning: Media organizations (TV, Radio, Social, and Web sites) must cite the source (ikon.mn) when using our information in any form, whether in part or in full.

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Profit-Seekers Enrich While Burdening Struggling Citizens

Published: 2024-11-21 | Translated from: news.mn

A decision was made at the meeting of the Citizens' Representative Assembly of the capital to apply several criteria when issuing city license plates to imported cars starting from November 8. These criteria, which have been considered stringent by citizens, have caused discontent. Since the resolution came into effect, it is reported that 37,000 cars are awaiting clearance at customs. This decision, which has sparked numerous issues and discussions, has been in effect for over ten days. It is possible that someone's business is thriving and moving forward with a green light behind the scenes due to this decision. Recently, there has been news circulating on social media that Tsogoo Shilen's brother, who is the former Minister of Road and Transport, B. Tsogtgerel's brother, who is a chief customs officer, T. Tugsbayar's husband, has allegedly been selling lucky license plates. In other words, this woman reported having 24 cars in her asset declaration. Instead of using these cars, it is said that she obtained lucky plates, which were then sold at a high price. In addition, since the implementation of this decision, the demand for license plates with the UB series has increased, and their prices have risen, ranging from 500,000 to 2,000,000 tugriks depending on the digits on the plate. Furthermore, since the enforcement of this resolution, the National Center for Auto Traffic has introduced a service to store license plates for up to 90 days. Specifically, it means that a citizen can attach their used vehicle's license plate to their next vehicle. If a person sells their vehicle and has not acquired the next one yet, they can store their license plate for up to three months at the cost of 5,500 tugriks per day. Judging by these actions, it seems like the decision aligns more with the interests of businesspeople exploiting legal loopholes, rather than serving ordinary citizens. It fills the pockets of profit-seekers while imposing burdens on the struggling citizens. When explaining the decision, it has been claimed that it aims to reduce traffic congestion in the city. However, despite years of discussing this issue and spending billions, no effective outcomes have been achieved. When the state intervenes in such matters, it seems to create conflicts of interest rather than effective solutions. Claiming that citizens will stop buying cars by ceasing license plate issuance, thereby reducing congestion, is like looking at the feet of an ox while a fox starves to death behind it.

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"Without improving the legal environment, anyone can be subjected to torture"

Published: 2024-11-21 | Translated from: unuudur.mn

A hearing related to the protection of human rights and freedoms was organized by the State Great Khural (Parliament) on the topic "Implementation of human rights free from torture, inhumane and cruel treatment." In response to a request by 22 members, led by MP J. Bayarmaa, the Legal Standing Committee of the Parliament decided to organize this hearing. Parliament member P. Sainzorig chaired the hearing, which began at 10:00 AM. During the hearing, relevant organizations presented information on issues related to ensuring human rights free from torture and inhumane treatment. D. SUNJID (Chairman of the National Human Rights Commission): The National Human Rights Commission (NHRC) was established in 2001. Since then, it has submitted 23 reports to the State Great Khural regarding the situation of human rights and freedoms. Among these, reports on the right to be free from torture, personal inviolability, fair trial, and freedom were included nine times. The current state of torture, inhumane, and degrading treatment, and violations of dignity in Mongolia is concerning. Human rights violations commonly occur in certain government institutions. Over the past two years, the commission has received 108 complaints and information related to torture. Investigation registers were refused for 17 of these complaints. Investigation registers were opened for two cases, and 11 were transferred to police and prosecutor's offices. On average, two crimes of this nature are resolved annually. More than 500 complaints are received by relevant agencies each year, with about 300 being dismissed. From 2016 to 2023, 14 criminal cases related to torture were resolved in courts, involving 30 individuals who were subjected to criminal liability. This included 21 police officers, five intelligence agency officers, two from the Anti-Corruption Agency, and two from the prosecution and court enforcement agencies. Due to torture, two individuals suffered serious and moderate injuries, while six experienced minor injuries and mental suffering, which included beatings, suffocation, humiliation, and deprivation of freedom through various messages. Additionally, conditions at detention centers and the National Mental Health Center (NMHC) were inspected. This year, 39 individuals are undergoing forced treatment at the NMHC, with 13 requiring treatment for five to twenty years. Without improving housing accessibility and medical services, conditions will not improve. A 2021 study noted that one in five military personnel is subjected to non-statutorily regulated relations. From 2021 to 2024, five conscript soldiers died, and 19 soldiers and officers suffered health damage. There are instances of people discussing their experiences of torture over the past ten years. Law enforcement agencies should establish a working group to restore these individuals' rights and propose amendments to laws. N. MYAGMAR (State Secretary of the Ministry of Justice and Internal Affairs): In 2015, the revised Criminal Code criminalized acts of torture. To clarify the features of the crime of torture and align it with the United Nations Convention against Torture, the Ministry of Justice and Internal Affairs is preparing to submit a draft law to amend the Criminal Code to the State Great Khural. Since 2012, 31.4 billion MNT has been allocated to a fund for compensating crime victims. So far, 516 victims have received 3.2 billion MNT, but no compensation has been provided to victims of crimes codified under Article 21.12 of the Criminal Code for torture through the Special Fund. Conditions related to ensuring freedom from torture, particularly in rooms where statements are taken, have improved based on NHRC recommendations. For instance, the practice of taking statements in official offices was stopped in 2024, and 122 investigator rooms have been vacated for this purpose. M. CHINBAT (Deputy Prosecutor General): To ensure human rights during preliminary investigations, the Prosecutor General's Office (PGO) established the Prevention Council against Torture in 2019. Over the past five years, 154 inspections have been conducted regarding the implementation of requirements for the rooms where statements are taken, resulting in 14 requirements and 95 official letters to authorized agencies. Nationwide, 603,576 complaints related to crimes have been inspected, including 478 related to torture, with input from representatives of various organizations. K. BAT-YALALT (Citizen): It is important to clarify the difference between "torture" and "torturing." Torture means unlawfully depriving someone of their rights and freedoms. Discussions about military and mental health institutions often confuse citizens. We need to address violations by governmental subjects against citizens' rights. If state employees adhered strictly to the law, these issues would not arise. Investigators and detectives need governmental oversight to combat corruption. There should be legislation allowing the NHRC to accept torture complaints and include citizen representatives in court adjudication panels. M. KHUVTSAGAAN (Lawyer): As a lawyer, I appreciate the attention given to such an important issue. My client was wrongfully convicted and sentenced to 25 years. Although they were later exonerated, the suffering endured is distressing. Torture has an irreparable impact on society, and compensation from the government cannot truly make amends for the victims. S. SHAARIIBUU (Victim): My daughter was killed in Malaysia on November 19, 19 years ago. I wish to pay tribute to her memory (the attendees stood in tribute). While discussing torture in Mongolia, we must also consider citizens living abroad who have suffered under foreign laws. The government should act both as a victim and a claimant. Despite submitting multiple petitions regarding my daughter’s death and receiving only negative responses, I remain hopeful for a meeting with the Prime Minister. Currently, when citizens petition state bodies, they rarely receive the opportunity for discussion, only paper responses. This fear of retribution discourages truth-telling as there are not enough laws protecting their rights. Legislation on the legal status of whistleblowers needs to be discussed and approved. Although I have successfully influenced changes in some Malaysian laws regarding death penalty clauses, at home, I face a wall of "impossible" responses. T. KHURELBAT (T. Chimegee's elder brother): My sister T. Chimegee served a 5.9-year sentence in the case of S. Zorig. I speak on her behalf. Although she is present, she struggles to remember and suffers from seizures. T. Chimegee and another individual are still subjected to organized torture. When MP Ch. Lodoi-Sambu paid tribute to S. Zorig, he stated, "This case has been solved." Is it appropriate for a member of the State Great Khural to defame someone when the case has been nullified by the Supreme Court? I appeal to the Ethics Committee of the State Great Khural to take action against MP Ch. Lodoi-Sambu. Furthermore, legal compensation issues for victims of torture have been returned nine times by the First Instance Civil Court of Bayanzurkh District, where judges acted based on personal beliefs rather than the law, constituting a form of torture. Addressing victim compensation and implementing legislation against wrongful convictions should be prioritized. D. GANBAYAR (Citizen): The day before his passing, lawyer G. Batbayar submitted a petition to the Parliament's Subcommittee on Human Rights, detailing how he was treated inhumanely and brutally during investigations of crimes he did not commit. Shortly thereafter, he passed away. His daughter has since faced harassment, ultimately feeling unsafe in Mongolia and relocating abroad. L. NYAMZUNDUI (Citizen): To uphold the right to be free from torture, law enforcement must address citizens' complaints legally. Many face obstacles to resolution. Imposing unlawful penalties is a form of torture. My legal credentials were revoked after I attempted to fight against torture, and I faced unwarranted disciplinary sanctions, including a seven-day detention. Attempts to resolve issues fairly have often been met with standard, insufficient responses. B. OYUNDELGER (Victim): Since 1999, I served in the customs organization, rising from inspector to director. Despite not committing any crime, I was tortured, dismissed, and faced an eight-year travel ban without a proven offense. While on leave, I was illegally detained until midnight without legal representation. A policy needs to be established to protect citizens' rights against wrongful actions of the state. MP M. Narantuya-Nara emphasized, "When calculating compensation for victims of torture, we need to account for health, mental, and family damages within the law. There exists no accountability for officials who commit or facilitate torture and wrongful convictions. The State Service Act should be amended to ensure individuals found guilty of violating human rights are not appointed to other positions." "The outcomes of this discussion and the proposals presented will be shared with the Parliament's Legal Standing Committee," said hearing chairperson MP P. Sainzorig.

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Environment

The Government is Poisoning its Citizens with Smog and Strangling with Indifference

Published: 2024-11-21 | Translated from: unuudur.mn

According to the air quality statistics provided by international organizations, cities in Mongolia and India are competing neck and neck in terms of pollution levels. Both countries currently have severe air and environmental pollution, with the situation being extremely dire and societal stress and frustration peaking. The capital of India, New Delhi, has topped the list of cities with the most polluted air in the world, with Mongolia's Ulaanbaatar ranking eighth alongside India's Mumbai and Kolkata. In India's major cities with millions of residents, such as Ahmedabad, New Delhi, Mumbai, Kolkata, Ghaziabad, and Gurugram, pollution from industrial activities, roads, construction, vehicles, and power plants has increased significantly, forcing citizens to go out with masks. The level of particulate matter PM2.5 in most of these cities has exceeded the WHO's permitted levels by 13 to 25 times, with New Delhi and Ghaziabad entering the "Severe" category in terms of air quality index. Similarly, in Ulaanbaatar, the amount of air pollutants has reached its peak, endangering lives. Experts have reported that carbon monoxide (CO), which causes serious disruptions in respiratory pathways, the central nervous system, and cardiovascular functions, has increased 10 to 15 times above permissible levels. Unfortunately, the state organizations and national and city leaders responsible for ensuring citizens' right to live in a healthy and safe environment have acted as if nothing is happening, ignoring the issue and further harming citizens with their irresponsibility. In contrast, the government of India, along with state and city officials, the health sector, and environmental organizations, have listened to the suggestions, recommendations, criticism, and opposition raised by international organizations and the public. They have taken effective and decisive measures such as relocating major industries, limiting diesel fuel usage, and tightening vehicle standards. They have also acknowledged the real situation and started advising citizens to protect them from further harm. This is how a government protects its citizens. The relevant organizations and officials in Mongolia, however, not only ignore their citizens, but also disregard recommendations and warnings from international organizations such as the UN and WHO and avoid accepting reality. The Ministry of Environment and Climate Change, the Ministry of Health, the Ministry of Energy, the city's Environmental and Air Pollution offices, as well as the leadership of Ulaanbaatar, which should be the loudest voices concerning air pollution issues and should be taking the strongest stance during these times, are silent. This is a striking example of how a state can "abuse" and harm its citizens through neglect. Mongolia is currently demonstrating this most distinctly.

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Facing the Challenge of Preparedness for Sudden Disasters and Reducing Greenhouse Gases

Published: 2024-11-21 | Translated from: montsame.mn

Deputy Prime Minister and Chairman of the National Committee on Climate Change S. Amarsaikhan received members of the Parliamentary Group for Environmental Protection and introduced the report on last year's activities and the plan of action to be implemented by the National Committee on Climate Change. In our country, over the past 80 years, the air temperature has increased by 2.4 degrees, the average annual precipitation has decreased by 7.3 percent, and per capita greenhouse gas emissions are 2.7 times the global average. Additionally, in the past 20 years, the frequency of natural disasters has doubled. Due to this, last winter's severe conditions reached disaster levels, resulting in the loss of 7.4 million livestock, causing significant social and economic damage. Therefore, there is a challenge to be prepared for unexpected extreme weather events, enhance national resilience, conduct natural restoration, and reduce greenhouse gases. Members expressed the importance of improving activities to prevent hazardous weather phenomena, ensuring the coordination between government, citizens, and enterprises, and making optimal decisions on how to adapt and live amid climate change. The Deputy Prime Minister and Head of the State Emergency Commission S. Amarsaikhan emphasized the need to expand foreign cooperation to prevent climate change, adopt and deliver resolutions and decisions of the parliament to relevant ministries, and initiate research and analysis in this area, reported by the National Emergency Management Agency.

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In District 20 of Bayangol District, Air Quality is at its Worst

Published: 2024-11-21 | Translated from: ikon.mn

In the vicinity of the First District, Bayangol District's 20th Subdistrict has the worst air quality. As of 10:30 am, two locations in the capital have recorded "very high pollution" air quality. Specifically, in the 20th Subdistrict of Bayangol District, near the Power Plant, the air quality index in the First District has reached 480-500, which is at a tolerable limit. Additionally, air quality in areas around Dambadarjaa and Khailaast is also polluted, as seen on agaar.mn. When the air quality index is between 401-500, professional organizations recommend avoiding any type of outdoor physical activity and staying indoors. Source: agaar.mn Recommendations: People with chronic conditions should regularly monitor their blood pressure, remain under medical supervision, and take medications on time. It's necessary to stay away from sources that emit large amounts of carbon monoxide (such as roads). Professional organizations advise wearing masks. Warning: Media organizations (Television, Radio, Social Media, and Websites) must mention the source (ikon.mn) when using our information in any form, either fully or partially. Please note this!

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Zavkhan: More than 60% Desertification Intensity in Urgamal Soum

Published: 2024-11-21 | Translated from: montsame.mn

52.7% of the land in Urgamal Soum, Zavkhan province, has become degraded. In recent years, due to climate change, soil degradation and desertification have been occurring in this area, according to experts. This year, the department of Land Affairs, Construction and Urban Development of the province conducted a study in Urgamal soum following the "Procedure for the Evaluation of Pastureland Changes by Photo Monitoring." In the designated wintering, spring, summer, and autumn pastures of the soum, field studies were conducted at 18 representative points to assess the state and quality changes of the pasture by the photo monitoring method. The Environmental Laboratory of the Zavkhan province's Meteorology and Environmental Monitoring Department's research has found that Urgamal soum has sandy soil with the prevailing vegetation consisting of desert steppe of bushes, wild leek, and feather grass. Eleven plant species, including Gobi feather grass, Clemency's feather grass, Jungarian feather grass, red and dwarf tamarisk, sand sagebrush, bitter wormwood, and wild leek, are growing there. The degraded state of the soum's river basin meadows with Aeregald grass and feather grass pastures are dry and degraded. Additionally, four plant species grow in these pastures: dwarf wormwood, gull mustard, redroot pigweed, and Mongolian caltrop. Moreover, the majority of the pastures, 73.2%, have sandy soils, 24.4% have light clay soils, and 2.4% have loam sand soils. Notably, soil degradation and desertification are more evident towards the northwestern part of Urgamal soum, with desertification intensity between 65-67%. According to the results of dynamic analysis using satellite MODIS data over the 23-year period from 2000 to 2023, Urgamal soum's climate and vegetation conditions have been poor compared to the average over many years, ranking it among soums with significant climate and vegetation changes. Furthermore, it is assessed that pastures could recover on their own in 3-5 years. Therefore, in order to allow self-regeneration of pasture plants, all parties need to collaborate effectively. Policymakers, local decision-makers, herders, residents, environmentalists, and indigenous community members must be involved in livestock rotation, fallow land practices, enclosure, and protection measures, including planting trees and shrubs. In the future, it is necessary to precisely assess the factors and impacts of climate and human activities on land degradation and desertification and continue research to develop optimal methods and practices for mitigating desertification based on studies, as reported by the Zavkhan province's Meteorology and Environmental Monitoring Department. Interestingly, the soum is named 'Urgamal,' which corresponds to the mountain name "Urgamal" located at the head of the Argallant Range above the Khuljiin River. In addition, over 600 plant species favorable for the feed of five types of livestock, with good taste quality and nutritional value, grow in this region. As well as plants used for human consumption such as Sulphur yellow bulbil, wild wheat, white garlic, cinca, wild brome, medicinal plants like licorice, dendel, camel thorn, caper, goosefoot, common sage, and various other plants are abundant, which is said to be the reason why it was named 'Urgamal,' according to local elders.

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COP29: A Team Led by Minister S. Odontuya for Environment and Climate Change is Working in Baku

Published: 2024-11-21 | Translated from: isee.mn

The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change is taking place from the 11th to the 22nd of this month in Baku, the capital of the Republic of Azerbaijan. A team led by Minister S. Odontuya for Environment and Climate Change is participating in this conference. The purpose of this particular conference is to accelerate the measures taken by countries against climate change and to raise investment for this purpose, earning it the nickname "Finance COP." One example is the effort to allocate at least 20% of the financial aid from the Climate Change Convention fund to climate financing, focusing particularly on distinguishing climate finance from development finance. Therefore, one of the main expected outcomes of this conference is raising the necessary funds for climate change mitigation and adaptation measures, as well as establishing funds for victims affected by climate-related disasters.

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O. Shijir: Uranium is Much Less Harmful than Ulaanbaatar's Smog

Published: 2024-11-21 | Translated from: ikon.mn

Members discussed the issues at hand and asked questions, receiving answers. Member of Parliament O. Shijir supports the amendments to the Nuclear Energy Law. Over the past 34 years, political obstacles have been created depending on which politician or party proposed the law. Our members need to stop individual political populism to appeal to the general public. Let us focus on advancing all other projects. The Nuclear Energy Law essentially allows Mongolia to become a player in the global uranium concentrate market, create a new source of income, and establish political relations with other countries. The most important issue with uranium concentrate is waste management. What objectives have been set for waste management? The public's main concern is uranium waste. In truth, uranium is much less harmful than Ulaanbaatar's smog. Workgroup member and expert N. Tegshbayar said that regarding waste issues, they will adhere to the relevant rules and regulations of the International Atomic Energy Agency and Mongolia's radiation safety standards. No hazardous waste will be produced. Only natural uranium will be present. What exists underground will remain unchanged. A workgroup member stated that with the implementation of the uranium project, the issue of hazardous waste is being discussed. In our country, 25 businesses with special permits are operating to collect and transport hazardous waste. In the long term, the establishment of a hazardous waste processing plant has been discussed at the government level. The necessary 20 hectares of land for a centralized facility in Sergelen Sum of Tuv Province have been allocated for special state use. Director of Mon Atom Company, D. Dalaijargal, noted that three types of waste will be generated and processed in three ways during the project. Firstly, the so-called hazardous waste includes combustible materials and tires, which will be destroyed at a special facility for hazardous waste. Secondly, low-level radioactive waste, such as yellowcake packaging and gloves, will be buried. Thirdly, ordinary waste will be incinerated. This has been agreed with the French side.

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Innovation

“Your parcel cannot be shipped because the customs duty has not been paid” message is a form of cyber attack phishing

Published: 2024-11-21 | Translated from: ikon.mn

Currently, there are 12 types of cyber attacks registered in Mongolia. Among these, phishing aimed at individuals and ransomware attacks targeting organizations are common. The incident targeting "Intermed" hospital was a ransomware attack. This type of attack holds the organization's information hostage and demands money. Such attacks have been recorded in more than 150 countries worldwide. Phishing attacks manipulate people's desire to get money easily or to become a winner by luring them with links to obtain information. Therefore, to protect yourself from risks, avoid clicking risky links, keep your personal information strictly confidential, and use officially authorized programs. If you want to get information about attacks and violations, contact the Cyber Attack and Violation Response Public Center at the Ministry of Digital Development, Innovation, and Communications at number 113. Actions such as “You have won the VAT lottery,” “Your parcel cannot be shipped because the customs duty has not been paid,” or claiming to be relatives abroad asking for money are forms of cyber attack phishing. Hackers use tactics such as sending messages like the above to your phone, notifications via email, or links, or using threats and intimidation. For example, if you click on the link sent, be aware that they can fully access your information. Do not think that just clicking on a link does not pose a threat; they can then know your name, surname, phone number, and registration number. Moreover, if you trust the message and provide your card number and its 3-digit security code, it means you are allowing the attacker to take all the money from your account. In the era of technology, anyone is at risk of being targeted by a cyber attack, regardless of location. There is no country in the world that is 100% protected from this threat. Therefore, simply installing antivirus software does not mean you are 100% protected. Remember that the participation and active efforts of citizens constitute 95% of the protection. Source: Ministry of Digital Development, Innovation, and Communications Warning: Media organizations (Television, Radio, Social, and Web pages) must cite their sources (ikon.mn) when using our information, whether in full or in part, in any form.

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EVENT: International Academic Conference on Modern Issues of Child Development

Published: 2024-11-21 | Translated from: ikon.mn

In room 502 of the Teacher and Student Development Center at the National University of Mongolia, an academic conference titled "Today's Philosophy and Cultural Rights" will be held to honor World Philosophy Day from 09:00 to 16:00. At 10:00, a regular session of the State Great Khural will take place at the State Palace. At 10:00, an international academic conference on "Modern Issues of Child Development" will be organized at the Children's Palace of Mongolia. At 12:00, a press conference regarding the 20th anniversary concert "Marathgui" of the band Take Off will be held on the third floor of the CEO Office. Notice: Media organizations (Television, Radio, Social, and Web pages) must mention the source (ikon.mn) when using our information in whole or in part in any form.

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Health

T. Munkhsaikhan: There is nothing stopping urgent healthcare services

Published: 2024-11-21 | Translated from: gogo.mn

This morning, social media spread information saying that the following services at state hospitals have been made chargeable because of a decision not to finance them from the Health Insurance Fund: Comprehensive outpatient services, Day treatment, Day rehabilitation treatment, and Medication services during chronic illness hospitalization. A statement with the logo of the Mongolian National University of Medical Sciences even appeared containing this information. When contacted for clarification, the Ministry of Health and the Health Insurance Department said, "The Health Minister will make a statement on this issue today," without giving further answers. However, the University has not responded. Health Minister T. Munkhsaikhan clarified the issue. He stated, "All hospitals are linked with the Health Insurance Fund. This fund is limited in resources, so we based it on capacity and made contracts to provide services to all hospitals. Especially in major hospitals like the Mongolia-Japan Hospital, the First and Third State Hospitals, and Traumacenter, contract overruns have appeared. Therefore, there is nothing that has stopped urgent services. If you are receiving spa or resort treatment or hospitalized with chronic old illnesses, arrangements have been made to roll this into the next year according to the contract, and to provide services accordingly. This is being done because as the flu season begins, the risk of contracting or spreading infections while visiting the hospital is the highest, so these services should be provided after the flu season ends. The Ministry of Health's approach of implementing policy measures based on current conditions is legal. For last year, 1.93 trillion Tugriks were concentrated in the Health Insurance Fund. It should be distributed monthly, but spending for November and December was moved forward to the beginning of the year, leading to the current situation. The collection should be at 95% of the financing concentrated in the Health Insurance Fund. There has been no severe defect in the formation of insurance reserves. Regarding financial spending, as there were such issues in the first quarters of the year, the policy is to make contracts on a monthly expenditure basis, with financial discipline and optimal spending," he informed.

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Has the Health Insurance Fund Run Out?

Published: 2024-11-21 | Translated from: news.mn

A notice circulated on social media claiming that the National Health Insurance General Office had stopped providing funding to state hospitals, and that starting today, they will charge for services. Official sources have denied this claim, calling it false information. However, it is true that the Health Insurance Fund is in a difficult situation, as stated by the sector's minister. There have been mentions of reasons such as exceeded funding for contracts with state and private hospitals and excessive expenses for services provided during the pandemic. Additionally, there is a total receivable amount of 108 billion MNT from Capital Bank and Chinggis Khan Bank. The Minister of Health, T. Munkhsaihan, previously stated that the money that should have accumulated in the Health Insurance Fund has not fully been collected since 2021. As a result, the fund faced a 218 billion MNT deficit over three years due to the absence of funding during the pandemic. The expenses were high in the first quarter of this year, so the funds intended for November and December 2024 were pulled forward to the beginning of the year. Therefore, the Health Insurance Fund's finances are challenging towards the end of the year. However, they are not at a point where they cannot pay salaries and bonuses to healthcare organizations. Some hospitals have issues with debts for medical supplies and equipment. The state budget passed for the next year intends to resolve these issues. The 218 billion MNT receivable accumulated so far was included in the 2025 budget. Moreover, due to significant spending from the Health Insurance Fund at the start of this year, it worked with approximately a 200 MNT deficit in 2024. Since 90% of this deficit is included in the 2025 budget, it is possible to normalize the operations of the Health Insurance Fund. Certain adjustments need to be made. Although large funding amounts have been accumulated in the insurance fund, emphasis should be placed on optimizing cash flow. A system should be established that provides funding with minimal human intervention. It is also appropriate for healthcare organizations to transition to a system that focuses more on essential services. In 2023, the Health Insurance Fund provided funding to 111 state hospitals amounting to 860.7 billion MNT, 231 private hospitals with 217.2 billion MNT, 328 district health centers with 175.8 billion MNT, 216 family clinics with 171.8 billion MNT, 1,565 pharmacies with 89.9 billion MNT, and 50 laboratories with early detection funding of 36.8 billion MNT, as reported by B. Tsogbadrakh, director of the Department of State Fund of the Ministry of Finance, during an August session of the Standing Committee on Budget. The Anti-Corruption Agency has completed its investigation into 11 people, including the former head of the National Health Insurance General Office (NHIGO), L. Byambasüren. Officials reported that they have submitted the case with a recommendation to forward it to the prosecutor's office in the capital city. Byambasüren was appointed as the head of the NHIGO in 2020 and had previously served as the Deputy Minister of Health in 2016. After the initiation of the investigation, he was relieved of his duties. When asked about who is currently responsible for his work, Minister of Health T. Munkhsaihan stated, "In accordance with the law, the head of the Secretariat of the organization is concurrently fulfilling the duties of the head of the office. In the future, it is important to ensure that we appoint individuals with financial and healthcare sector knowledge and experience to this role. This will ensure the effective and citizen-friendly use of funds from the Health Insurance Fund. How optimally and correctly healthcare organizations operate is closely related to their leadership. We will continue to focus on this issue."

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State Hospitals Continue Services as Usual

Published: 2024-11-21 | Translated from: news.mn

State hospitals have reported that comprehensive outpatient services, day treatment, rehabilitation day treatment, and drug services for chronic conditions will no longer be funded by the General Authority for Health Insurance. In response to this issue, Health Minister T. Munkhsaikhan provided information. He stated, "Some state hospitals have exceeded the agreement with the General Authority for Health Insurance. We will negotiate with these hospitals. Due to seasonal conditions, the load on state hospitals is increasing. Therefore, it was deemed unnecessary for people with chronic illnesses, who are not in urgent need, to be hospitalized. However, there is no risk to the funding for emergency services, which are still available. The Mongolian-Japanese Hospital and other state hospitals continue to provide services as usual. Specifically, these services are still available through health insurance. Every hospital is linked to the Health Insurance Fund, which has limited resources. In other words, services are provided within the budget for that year. As a result, especially large hospitals have exceeded their agreements. For instance, the National Trauma and Orthopedic Research Center, the Third Hospital, the National Cancer Center, and the Mongolian-Japanese Hospitals have completed their agreements with the Health Insurance General Agency. Nevertheless, these hospitals are still providing emergency services covered by health insurance regularly. As of 2023, 1.93 trillion MNT has accumulated in the Health Insurance Fund. The situation today arose because the funds meant for November and December were spent during the earlier quarters," he confirmed.

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T. Munkhsaikhan: The infection risk investigation in the military hospital

Published: 2024-11-21 | Translated from: isee.mn

Health Minister T. Munkhsaikhan provided information regarding a civilian who passed away after receiving treatment at the Military Central Hospital. He stated, "The Sector Oversight Department of the Ministry of Health is conducting the necessary inspections. Hospitals conduct screenings for liver viruses and HIV infections upon admitting patients to ensure their safety. This particular person had been under treatment at the Military Central Hospital in October 2024. Patients with viral infections are treated separately to avoid mixing with other patients. We are investigating whether there was a breach of health standards and if there was any risk of HIV transmission to other patients."

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Continue the Program to Improve Health Care Services

Published: 2024-11-21 | Translated from: montsame.mn

The Government of Mongolia and the Asian Development Bank signed a second loan agreement worth 82.2 million USD for the "Investment Program to Improve Access to Health Care Services." The agreement was signed by the Minister of Finance B. Javkhlan and the ADB's Resident Representative Shannon Cowlin. According to the Ministry of Finance, the project aims to enhance primary health care services, improve provincial and district hospital services, and strengthen the procurement and financial management capacity in the health sector. With this funding, a 200-bed hospital will be built in the Chingeltei district of the capital, equipped with necessary facilities. An extension for a 200-bed regional diagnostic and treatment center in Khovd province will be operationalized and equipped. Additionally, seven district and soum health centers with a capacity to serve 15 people will be built and equipped. The plan also includes increasing the financing for medical services and enhancing the capacity of procurement, financial, and risk management.

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Continuing the Investment Program to Improve Accessibility to Health Care Services

Published: 2024-11-21 | Translated from: isee.mn

The Government of Mongolia and the Asian Development Bank have signed the second loan agreement for the investment program aimed at improving the accessibility of health care services, with financing of 82.2 million USD. The agreement was signed by Minister of Finance B. Javkhlan and ADB Resident Representative Shannon Cowlin. According to the Ministry of Finance, this project aims to enhance the quality of primary health care services, improve hospital services in provinces and districts, and increase the capacity of health sector procurement and financial management. Additionally, the project plans to: - Construct a 200-bed hospital in Chingeltei District of the capital city and equip it with necessary equipment. - Expand and equip a 200-bed regional diagnostic and treatment center in Khovd Province. - Construct and equip district and sum health centers with a capacity to serve 15 people in 7 districts. - Strengthen the capacity of financial and risk management, with increased funding for health care services.

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22 Child Clinics Operating Overtime in the Capital

Published: 2024-11-21 | Translated from: montsame.mn

In Ulaanbaatar, more than 125,000 citizens have visited outpatient clinics in the capital. Among them, 7,869 or 6.3 percent were seen for flu or flu-like illnesses. This is an increase of 1.2 percent compared to last week. In response, starting from November 16, 22 child clinics in the capital have been working overtime. We inquired about this from the Director of the Health Department, Mr. E. Erkhembulgan. He stated, "Children exhibiting symptoms of flu or flu-like illnesses who do not require hospitalization can contact their nearest family health center to receive professional medical advice and prescriptions for home treatment. In this regard, 22 child clinics in the capital are operating overtime. Specifically, they are open weekdays from 8:30 AM to 8:00 PM and on weekends from 10:00 AM to 5:00 PM. During the weekend, a total of 2,107 children attended the emergency care section at the General Hospital, which is 230 fewer cases compared to the previous week." Additionally, according to the 45th week's report from the National Center for Communicable Diseases, the spread level of flu and flu-like illnesses in the capital is at an active level, but not yet at a sporadic outbreak level. Normally, there are 759 beds available for children to be hospitalized in the capital, but during an outbreak of flu-like illnesses, the arrangement has been made by the Ministry of Health and the Health Department to increase this to 1,100 beds. As of today, the bed occupancy rate is 145 percent, indicating an overstressed capacity. Should the National Center for Communicable Diseases determine that the spread level of flu-like illnesses has reached a sporadic outbreak level, the plan is to operate 149 family health centers in the capital with extended hours and to gradually increase the number of hospital beds. Furthermore, this year, flu vaccinations started more than a month earlier compared to last year. It is anticipated that this will reduce the number of children seeking hospitalization. As of today, vaccination coverage for the targeted groups for the flu is at 90 percent.

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Hold the Director of NEMUT accountable for dehumanizing treatment towards researchers, Minister T. Munkhsaikhan

Published: 2024-11-21 | Translated from: unuudur.mn

The law on social health care and services was adopted and began implementation on April 1. Article 3.1.1 of this law defines "public health" as a comprehensive set of measures implemented by individuals, collectives, organizations, and inter-sector coordination based on research results and evidence to protect and promote the health of the population, prevent diseases, and create a healthy and safe living environment by ensuring the harmony of people, nature, and society. However, there is skepticism about whether the National Center for Public Health (NEMUT), an institution under the Ministry of Health, is fulfilling the operations mandated by the law. Despite having a laboratory, it is supposed to carry out operations such as identifying, surveilling, and monitoring the health of the population and the factors affecting it through testing and analysis, as stipulated by the law. However, NEMUT is not operating its laboratory effectively nor is it accurately communicating research findings to the public, leading to societal division and doubt. For example, with the introduction of immunization against the human papillomavirus (HPV) in Mongolia, parents have spread negative information on social media. Even though the vaccine is included in the vaccination schedule by law, parents are opposing it for their children and demanding scientific evidence of its effectiveness. In this situation, NEMUT should have studied the vaccine's effectiveness through its laboratory as part of its essential operations, determining whether it aligns with the physiological characteristics of the Mongolian population, and providing a scientifically-based explanation to the public to dispel doubts. However, the management has not done this crucial work as they are preoccupied with retaining their positions and marginalizing researchers. It's not just this vaccine; no significant work has been done in preventing flu and cold viruses spread among children and adults or dealing with urban air pollution issues facing nearly two million residents of the capital city during smog season. The findings of various health-related surveys conducted by the center are not promptly released or communicated to the public, which points to a lack of accountability among NEMUT's management. Complaints against the Director, S. Unursaikhan, have been submitted to the Human Rights Commission, the Anti-Corruption Agency (ACA), and the Civil Service Council by researchers and employees who see him as mismanaging NEMUT's operations. The ACA has begun reviewing complaints against Director S. Unursaikhan and Chief Accountant J. Tsetsegbal, but no decision has been made yet. In 2023-2024, NEMUT conducted a National Nutrition Survey using the efforts of approximately 60 researchers and over 10 drivers. However, despite deducting social insurance premiums and individual income taxes from the work remunerations, NEMUT management imposed additional taxes by creating extra e-claims, leading to a 10% tax debt burdening employees. Researchers and drivers were also charged again for travel expenses, creating tax debts for them. Moreover, instructional and operational costs from the clinical chef training organized in September were paid only after two months, despite various pretexts. It's claimed that NEMUT management obstructs and demands payouts from project funds and implementation budgets, as reported in complaints to the ACA. There's suspicion that funds from these projects, such as "Creating a Child-Friendly Hospital Initiative," funded by UNICEF, have been misused by NEMUT management. Although the project leader should have received payment for work completed on reports submitted at the end of March, the funds were withheld for over three months. Employees are skeptical of Director S. Unursaikhan's practices, as he allegedly takes a salary and also demands an additional two million MNT from UNICEF-funded projects. Employees have filed complaints indicating that since his appointment in September 2022, over 40 personnel have left NEMUT due to Director S. Unursaikhan's inappropriate demands and disrespectful communication. They report issues such as non-standardized job appointments without public competitions, frequent managerial reassignments, and discriminatory practices against erudite employees with advanced degrees. A complaint to the Human Rights Commission accuses him of dehumanization, discrediting academic achievements of doctors educated abroad, thereby challenging the ethical environment expected of a public official. While the Public Health Law mandates the development and implementation of biotechnology and innovation products, NEMUT's mishandled management decisions have impaired the Bioproducts Unit's operation, leading to the departure of numerous scientists and technical personnel. Despite prior misconduct, new cases have been reported to the government’s complaints center without any effective resolution. Health Minister T. Munkhsaikhan and the relevant oversight bodies, including the ACA and the State Service Council, are awaited to investigate and hold accountable Director S. Unursaikhan and those connected to his patrimonial ties with Member of Parliament S. Lundeek, among others in authoritative positions.

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T.Munkhsaikhan: There is No Issue of State Hospitals Stopping Services Due to Exceeded Contracts

Published: 2024-11-21 | Translated from: ikon.mn

Health Minister T. Munkhsaikhan made a statement regarding issues with the Health Insurance Fund (HIF). Specifically, there was criticism on social media about the potential stoppage of certain services in state hospitals due to the exhaustion of the HIF's funding from today onward, with services being charged. In response, the Minister provided the following explanation. Health Minister T. Munkhsaikhan stated, "It is true that the Health Insurance Fund is in a difficult situation. However, the situation has not escalated to the point of stopping services. There might have been some misunderstandings in the information. Over the past three years, from 2021 to now, 218 billion MNT, which should have been allocated to the HIF, has not been received. The expenditure for this year was advanced for the first quarter and the final months due to financial problems. In other words, while the financial situation is difficult, state hospitals have not been forced to stop services or provide paid services. Some state hospitals have contracts with the General Authority for Health Insurance (GAHI), but there are situations where these contracts have been exceeded for the performance year 2024. We are negotiating with these hospitals and will coordinate with current circumstances. Since the flu and similar illnesses are starting, we have directed to avoid inpatient care as much as possible unless there are chronic conditions. There are no issues with urgent services or cancer treatments in terms of disruption or financial risk. Since taking office as Minister of Health, various adjustments have been made, and savings from some ministerial packages have been reallocated to the Health Insurance Fund. "The Mongolia-Japan Hospital continues its services as normal." He continued, "In November and December, we have been able to conclude the year 2024 without major disruptions in hospital services, especially urgent care, without causing inconvenience or financial risk to the public. The services at the Mongolia-Japan Hospital are continuing as usual. The HIF services are being provided up to its capacity. All hospitals are part of the health insurance fund. As HIF has limited resources, agreements for services are made within those limits. There are cases in major hospitals where these agreements have been exceeded, particularly including the Mongolia-Japan Hospital, the National Third Central Hospital, the National First Central Hospital, and the National Trauma and Orthopedic Research Center. However, there has been no stopping of urgent or necessary services due to these contracts being exceeded. Arrangements have been made to move services like inpatient care for chronic fatigue to the next year according to the contract. As a policy-making body, the Ministry of Health is making decisions in accordance with the current conditions. The Health Insurance Fund has accumulated 1.93 trillion MNT by 2023. This should be scheduled for use monthly, but November and December's funds were advanced and spent in the initial quarters. That's why the current situation has arisen. The collection of funding due to the HIF is 95% effective as of today. Serious deficiencies in creating savings from the insurance have not occurred. Due to the financial expenditure patterns in the first quarters of the year, next year's agreements should be more detailed, and it is necessary to maintain financial discipline each month for optimal expenditure." Warning: Media companies (Television, Radio, Social and Web pages) must mention the source (ikon.mn) when using our information in any form.

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Sports

URGENT: A Doping Case in the National Team

Published: 2024-11-21 | Translated from: isee.mn

In recent years, athletes and wrestlers from the national team have frequently been involved in doping scandals, resulting in suspensions. Notably, athlete B. Battögs, who was supposed to compete in the -90kg category at the "Paris 2024" Paralympic Games, athlete B. Chinzorig, who won a gold medal at the "Hangzhou 2022" Games, military champion G. Jambaldorj, provincial champion G. Khishigbat, provincial champion M. Buyandelger, state falcon C. Munkhbayar, state wrestler M. Badarch, state falcon T. Begzsüren, and state wrestler E. Oybold have all been implicated in doping issues. Due to this, the National Anti-Doping Organization of Mongolia has been regularly conducting interim tests on national team athletes and wrestlers. Recent reports indicate that during one such interim test, a doping violation was found in a national team athlete. Specifically, a member of the national team from the "Aldar" sports committee tested positive for doping. The athlete in question has been informed of this finding. According to some sources, this athlete was preparing to participate in an international competition. It is worth mentioning that according to the National Festivities Law, doping tests were initially conducted on the top 32 wrestlers of the national festival, but as of next year, the top four wrestlers from the celebrations in 21 provinces will be subjected to doping testing. We will continue to follow up on this issue.

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Arts

Inspired by a True Story of Human Trafficking Victim: 'The Survivor's Story' Movie

Published: 2024-11-21 | Translated from: gogo.mn

The "Towards My Dream" campaign, aimed at preventing children from becoming victims of human trafficking crimes and increasing public knowledge and understanding, is ongoing. The opening event of the campaign took place earlier this month. We spoke with B. Narangerel, the director of "The Survivor's Story" documentary film, who is also involved with "Erkhess" Entertainment. This film is distinctive as it is inspired by real events and is based on the story of a woman who became a victim of human trafficking. - Why did you choose to create a film based on this particular story? "The Survivor's Story" film is a work created with the financial support of the International Organization for Migration, an agency of the United Nations. The reason for choosing this topic is due to the increasing occurrence of this type of crime. Naturally, the goal of this film is to provide a warning to people. The real event we depicted as an example is itself a very heavy subject. We chose this topic considering that. Our team spent many hours talking to the survivor. During these discussions, she "faced" the dark events of her past, and it was certainly difficult for her to talk for many hours with us. Today, as she tries to move on with family and forget the past, we had to ensure her privacy was very well protected. We chose this genre to help viewers understand what the victim went through. - As a director, what did you want to convey to the audience beyond just telling the story through your work? The main goal of the sponsors, non-governmental organizations, and government agencies is to preemptively warn the public about the crime of human trafficking. Particularly, cases of exploiting trusting nature to deceive girls into becoming victims are quite high. Although there are many ways to warn about this type of crime, delivering through a real person’s story is considered more effective. The "Towards My Dream" campaign is being implemented with the financial backing of the U.S. Department of State, in collaboration with the Ministry of Justice and Home Affairs, the Secretariat of the Coordination Council for Crime Prevention of Mongolia, the Ministry of Labor and Social Welfare, World Vision Mongolia International Organization, the Asia Foundation, and "Mongol Content" LLC.

TowardsMyDream

LivePositivelyGrowYourself

BeInformedAndInformOthers

LetUsPreventSexualExploitation

LetUsStopIt

LetUsOvercomeTogether

LetUsBeCautious

Previous articles on human trafficking crime can be read here. The views, information, and conclusions mentioned in this campaign, part of the Child Protection Compact agreement between the U.S. and Mongolia, are solely those of the author and do not represent the views of the U.S. Department of State.

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T.Munkhsaikhan: There is No Issue of State Hospitals Stopping Services Due to Exceeded Contracts

Sports

URGENT: A Doping Case in the National Team

Arts

Inspired by a True Story of Human Trafficking Victim: 'The Survivor's Story' Movie

TowardsMyDream

LivePositivelyGrowYourself

BeInformedAndInformOthers

LetUsPreventSexualExploitation

LetUsStopIt

LetUsOvercomeTogether

LetUsBeCautious