Oct 23, 2024 73 min read Daily News Summaries

Mongolia News Summary for October 23, 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

Chairman and Members of the Standing Committee on Security and Foreign Policy Visit the Ministry of Defense and General Staff

Published: 2024-10-22 | Translated from: gogo.mn

The Chairman of the Standing Committee on Security and Foreign Policy of the State Great Khural, G. Temuulen, along with members B. Enkhbayar, P. Sainzorig, Ch. Anar, N. Batsumberel, G. Khosbayar, B. Jargalan, E. Bolormaa, Kh. Zangabil, and Kh. Temuujin visited the Ministry of Defense (MoD) and the General Staff of the Armed Forces (GSAF). Member of the State Great Khural and Minister of Defense S. Byambatsogt provided information on the "Defense Revival" policy, the sector's operations, and the current situation, exchanging views with the Chairman and members of the Standing Committee on Security and Foreign Policy. The meeting was attended by Major General S. Ganbyamba, Chief of the GSAF, Brigadier General D. Gankhuyag, State Secretary of the MoD, Brigadier General Ch. Gandirwaa, Head of the Strategy and Policy Planning Department, Director of the State Administration and Management Department Ts. Odkhuu, and other directors of various departments. Deputy Chief of the GSAF, Brigadier General J. Usgukhbayar, introduced the members of the State Great Khural to the policy, objectives, and operations of Mongolia's Armed Forces. Additionally, Colonel D. Dugarraagchaa, Head of the Operations Directorate, provided information about the Joint Operations Center and the weapons and equipment used by the armed forces. The members of the Standing Committee became acquainted with the Joint Operations Center and the weapons and equipment, and paid tribute to the "Great Black Spirit of All Armies," according to the Press Office of the State Great Khural.

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Chairman D. Amarbayasgalan Participates in the Working Group Meeting to Improve the Law on Protests and Assemblies

Published: 2024-10-22 | Translated from: isee.mn

The Chairman of the State Great Khural of Mongolia, D. Amarbayasgalan, attended a meeting of the working group tasked with making recommendations and drafting amendments to the Law on Protests and Assemblies, led by Member of Parliament J. Bayarmaa. At the beginning of the meeting, Chairman D. Amarbayasgalan emphasized that the current Law on Protests and Assemblies, enacted in 1994, is outdated and overly general, necessitating legal reforms. He noted that in democratic countries that value human rights and freedoms, peaceful protests are legitimate, and it is necessary to consider the best practices of other countries and the suggestions of civil society organizations. Member of Parliament J. Bayarmaa praised previous parliaments for focusing on the issue as the right to protest is a fundamental human right, and highlighted the need to reduce the 14-day approval period for holding protests. Members of Parliament G. Uyangaakhsig and A. Ganbaatar expressed the view that legal regulations should ensure that police and government agencies treat protesting citizens equally. Member of Parliament S. Erdenebat pointed out the need to update the Law on Protests and Assemblies, which has been in effect for 30 years, to meet the current social requirements and emphasized the importance of specifying who should respond to protesters' demands and when. Chairman D. Amarbayasgalan stressed that any law should first and foremost protect the interests of citizens and individuals rather than government agencies, and highlighted the central goal of a people-centered legal philosophy. The working group tasked with making recommendations and drafting amendments to improve the Law on Protests and Assemblies has decided to collaborate with civil society organizations and associations to develop these proposals, according to the State Great Khural's Press Office.

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Tax Investigators to Re-decide Case of Bribery by Xinjiang Xinfang's Director

Published: 2024-10-22 | Translated from: unuudur.mn

Sun Guang Chen, an executive of the Chinese-invested company "Xinjiang Xinfang," was convicted of bribery involving officials of the "State Bank" and has received a second sentence in related cases. Previously, he was sentenced to two years of imprisonment in a corruption case involving the same bank officials. The Songinokhairkhan District Criminal Court reviewed his case on July 2 and addressed the involvement of tax inspectors who received bribes. Sun Guang Chen was fined 14 million MNT, while the tax inspector was sentenced to two years and six months in prison. The Tax Office of the Songinokhairkhan District conducted an inspection of the official tax assessment and payment records for the company from 2017 to 2020 and discovered that an income of 3.8 billion MNT was concealed and not reported. Sun Guang Chen gave a bribe amounting to approximately 400 million MNT to state tax inspector J. Enkhjargal, which resulted in an official act that reduced the penalty to 119 million MNT. Following the appeal by these two individuals and their lawyers against the judgment of the first instance court, the Capital City Criminal Court of Appeals reviewed the case and overturned the first instance court's decision, sending it back for re-decision.

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S. Erdenebold Elected as the Chairperson of the Human Rights Subcommittee

Published: 2024-10-22 | Translated from: isee.mn

At today's session of the Parliamentary Standing Committee on Law, the issue of electing the chairperson of the Human Rights Subcommittee was discussed. The Democratic Party's group in the Parliament nominated member S. Erdenebold for this position. With the support of the Standing Committee on Law, the resolution was passed to elect him as the chairperson of the Human Rights Subcommittee.

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Ministers Allocate Additional Budget to Long-Running Projects

Published: 2024-10-22 | Translated from: isee.mn

The Mongolian Parliament is currently discussing the draft budget for 2025. However, additional funding has been allocated this year for construction projects that have been ongoing for over a decade without yet being completed. Specifically, six projects that have been in development for 10-14 years, including the construction of the National University of Medical Sciences Hospital funded by a grant from the Japanese government, the Water Sports Complex, and the "Central Khalkh" Theater in Dundgovi province, have received additional funding of 2-25 billion MNT. Minister of Education and Science P. Naranbayar and Minister of Labor and Social Protection L. Enkh-Amgalan have both allocated additional budgets for two long-standing projects this year. The National University of Medical Sciences Hospital project, which began in 2015, had its tender announced in 2018, and the construction work started by Erdenet-Orchlon LLC. The construction, overseen by the Ministry of Education and Science, faced issues when the tender was awarded to Erdenet-Orchlon LLC without competition, leading to controversy. This year, Minister P. Naranbayar has allocated an additional 9 billion MNT in the state budget for this project, which is still incomplete in its 10th year. The Water Sports Complex at Nairamdal Camp, which started in 2014 but remains unfinished, is being handled by En Ar LLC. The complex is now in its 11th year, with a total of 5 billion MNT previously funded and another 850 million MNT added to the 2025 budget. The Ministry of Labor and Social Protection, previously led by S. Chinzorig, is responsible for the project. This year, with L. Enkh-Amgalan as minister, additional funding was secured for this long-delayed project. Local governors and city officials have also managed to include long-delayed construction projects in this year’s budget. The "Central Khalkh" Theater in Mandalgovi, Dundgovi province, saw its groundbreaking ceremony in 2011 with plans to complete it within two years using a budget of 6.5 billion MNT. Despite this, 6 billion MNT evaporated with no completion. In 2023, a call for new designs was announced along with an 8 billion MNT construction budget. With S. Munkhchuluun as the new governor, 5 billion MNT has been reallocated in the 2025 state budget for this theater. Moreover, the project to upgrade Ulaanbaatar's district heating system, which started in 2014 by former Mayor E. Bat-Uul, initially spent 14 billion MNT but remains incomplete. This year, Mayor Kh. Nyambaatar has secured another 15 billion MNT for the project. The Seismic Monitoring and Testing Center laboratory construction, which began in 2011 with an estimated total cost of 8 billion MNT, spans over 14 years and has been budgeted across multiple years. For the first time, details of funding allocated over the years have been revealed: 2.57 million MNT in 2011, 1.5 million MNT in 2012, 0.86 million MNT in 2013, 1.41 million MNT in 2018, 0.8 million MNT in 2019, and 50.0 million MNT in 2021. Parliament will decide on the approval of 2-25 billion MNT for these projects, which have been in development for over a decade.

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O. Nomintsetseg: Why did the budget for the judiciary enforcement agency increase by 6-7 times or 489%?

Published: 2024-10-22 | Translated from: ikon.mn

At the meeting of the Law Enforcement Standing Committee, the 2025 budget is being discussed. During this time, Member of Parliament O. Nomintsetseg mentioned the increased budget of the judiciary enforcement agency and that the branches operating in the capital under this agency are still using raw coal. She said, "The budget of the judiciary enforcement agency has increased almost 6-7 times or by 489%. What is the reason for this? On what will this budget be spent? Since 2017, burning raw coal in the capital has been prohibited. However, the 33 steam boilers under the judiciary enforcement agency are still burning raw coal from Baganuur. The judiciary enforcement agency's budget is included in the Ministry of Justice's budget. The government had issued a resolution to modernize the technology of these 33 steam boilers. How is this work progressing?" Minister of Justice O. Altangerel stated: "This time, the budget is increased. Generally, the attitude has been that institutions that enforce sentences should generate their income themselves and manage. The increase in the budget is a way to fix this. The budget increase will be used for additional staff and operating expenses." The first deputy head of the judiciary enforcement agency, Colonel A. Namsamand, stated: "The issue of steam boilers of the correctional institutions operating in Ulaanbaatar is being renewed in stages. Previously, they used raw coal. Now they are using improved fuel. However, the boilers were originally built to burn raw coal. When improved fuel is used, it tends to get 'sucked out.' In other words, instead of burning raw coal for the planned 7 years, using improved fuel causes our boilers to 'suck out.' Therefore, the issue of replacing the boilers has been brought up. This year, tenders were announced to replace 22 steam boilers. The decision will be made within the year. The rest are included in next year's budget for renewal. Professional organizations are monitoring every operating steam boiler." Regarding the budget increase, due to the revised Criminal Code, the institution now implements preventive measures, including restrictions, which it did not do before. There are many people who do not attend court hearings. Our agency is responsible for locating those individuals. This requires more manpower and technical expenses. Notice: When media organizations (TV, Radio, Social media, and Websites) use our information in any form, full or partial, they must mention the source (ikon.mn).

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B. Purevdorj: They are discussing budgets of trillions for meetings and seminars. Where has the MPP developed Mongolia with these seminars?

Published: 2024-10-22 | Translated from: isee.mn

The Standing Committee on State Structure is discussing the draft budget for 2025 at the meeting today. During this time, Vice-Chairman of the State Great Khural B. Purevdorj remarked, “There have been no cuts in expenses. Last year, I counted the events organized in the Grand Hall of the State Palace and it reached 128. I lost count towards the end of May. For example, just three events were organized at the UG Arena, spending a billion tugriks. Events, trainings, and seminars for herders, teachers, and others were organized throughout the entire year, spending billions and trillions. This huge sum was spent to make government employees vote for the People’s Party. These expenses have not been reduced. Cut down on excessive current expenditures. This year, even more seminars are planned. Where has the Mongolian People's Party developed Mongolia through these seminars?” he said.

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Meet the New Governors of the Provinces

Published: 2024-10-22 | Translated from: news.mn

The election for the provincial, capital city, district, and municipal representatives' council was organized nationwide on October 11th, 2024. Subsequently, starting from last week, the provinces, along with the capital city and districts, have convened their inaugural representatives' meetings to appoint their new governors. Yesterday, the News Agency delivered information about the governors of the capital and districts to our readers. Today, we have prepared to provide you with information about the governors of the provinces. ARCHANGAI PROVINCE APPOINTS B. TSERENNADMID AS GOVERNOR
Archangai Province has decided to appoint B. Tserennadmid, a provincial representatives' council member, as governor. He was endorsed by 95.1% of all participating representatives' votes and will be forwarded to the Prime Minister of Mongolia for confirmation. Tserennadmid has been serving as the governor since February 2023 and will continue in this role. He is trained as a museum methodology and tourism organizer and holds a master's degree in public administration management. Work Experience:
- 2005-2008: Teacher at the Institute of Culture.
- 2009-2011: Deputy Director at the Vocational Training Production Center of Archangai Province.
- 2011-2016: Director of Archangai Province's Museum.
- 2016-2020: Director of Archangai Province Governor's Office.
- Since 2020: Chairman of the Archangai branch of the Mongolian People's Party.
- Since February 2023: Governor of Archangai Province.
DORNOD PROVINCE APPOINTS SH. YOL AS GOVERNOR
Dornod provincial representatives held their first meeting and decided to appoint Sh. Yol as governor. He completed his general education in Dornod Province from 1988 to 1998, then studied at the National University of Science and Technology from 1999 to 2003. He also attended the Management Academy in 2009-2010 and graduated with a Master's in Business Administration from the National University of Science and Technology in 2009-2011. Work Experience:
- 2003-2006: Dispatcher and Human Resource Manager at Dornod Public Utilities Department.
- 2006-2012: Director of "Choibalsan Development" Public Service Company.
- 2012-2016: Deputy Chairman of the Mongolian People's Party in Dornod Province.
- Since 2016: Deputy Governor of Dornod Province.
DORNOGOVI PROVINCE APPOINTS O. BATJARGAL AS GOVERNOR
Dornogovi Province's inaugural representatives' meeting was held yesterday, and O. Batjargal was selected as governor. Having been elected as a representative from the 11th constituency or District II of Sainshand district, he will be recommended to the Prime Minister of Mongolia. An attorney by training with a degree from the National University of Mongolia, he has worked as a lawyer and executive director at "Adeptus Consulting Firm." Work Experience:
- 2016-2020: Representative at the provincial council.
- Since November 2020: Governor of Dornogovi Province.
DARKHAN-UUL PROVINCE APPOINTS B. AZJARGAL AS GOVERNOR
The ninth election of the Darkhan-Uul provincial representatives' council held its first meeting and decided to reappoint B. Azjargal as governor. He previously served as governor from 2020 to 2024. He graduated from the Mongolian National University of Education in 2002. Work Experience:
- 2002: Secretariat of the State Great Khural, Office of the Members of Parliament.
- 2004: Specialist at Darkhan District Administration.
- 2005: Chairman of Darkhan District Representatives' Council.
- 2008: Deputy Governor of Darkhan District Administration.
- 2012: Representative in the Darkhan-Uul Representatives’ Council.
- 2012: Governor of Darkhan District Administration.
- 2016: Representative in the Darkhan-Uul Representatives’ Council.
- Since 2020: Governor of Darkhan-Uul Province.
SUKHBAATAR PROVINCE APPOINTS M. IDERBAT AS GOVERNOR
M. Iderbat was appointed as the governor in the inaugural meeting of Sukhbaatar Province’s representatives' council. He served as the Governor of Baruun-Urt District from 2012 to 2020 and since 2020 as the Governor of Sukhbaatar Province. Work Experience:
- 2002-2005: Lecturer at the Polytechnic University in Sukhbaatar.
- 2005-2008: Director of the Ethnographic Museum.
- 2008-2012: Head of the Environmental and Tourism Department of Sukhbaatar Province.
- 2008-2012: Representative in Baruun-Urt District People's Council.
- 2008-2017: Chairman of the Democratic Party in Baruun-Urt District.
- Since 2017: Chairman of the Democratic Party in Sukhbaatar Province.
UVERKHANGAI PROVINCE APPOINTS O. PUREVDORJ AS GOVERNOR
The first meeting of the provincial representatives' council decided to appoint O. Purevdorj as governor, with 82% support, and the name will be submitted to the Prime Minister of Mongolia. Born in 1979 in the Zuunbayan-Ulaan District of Uvurkhangai Province, he holds a degree in Automotive Engineering and graduated from the Executive Academy in State Administration Management in 2010-2011. Work Experience:
- 2003-2005: State Inspector at the Specialized Inspection Agency.
- 2008-2013: Head of the Transport and Road Department.
- 2013-2016: Deputy Chairman of the Mongolian People's Party in Uvurkhangai.
- 2016-2020: Governor and City Manager of Arvaikheer District.
- Since 2020: Chairman of the Provincial Representatives' Council.
- Since 2022: Non-staff Deputy Chairman of the People's Party in Uvurkhangai.
- 2008-2024: Representative of the Provincial Representatives’ Council.
- In 2024: Chairman of the People's Party in the province.
UVS PROVINCE TO APPOINT S. BATJARGAL AS GOVERNOR
The urgent sixth congress of the Mongolian People's Party in Uvs Province was held on October 17th. At the meeting, discussions were held to elect the provincial governor and chairman of the representatives' council. S. Batjargal was nominated as governor and supported unanimously by the representatives' council. GOVI-ALTAI PROVINCE APPOINTS G. CHINBAT AS GOVERNOR
The inaugural meeting of the provincial representatives appointed G. Chinbat as governor and plans to submit his name to the Prime Minister of Mongolia. Since July 2024, he has been serving as the acting governor of Govi-Altai Province and is set to be officially appointed as governor.

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Economy

India Seeking Ways to Import Mongolian Coking Coal

Published: 2024-10-22 | Translated from: news.mn

India is seeking ways to regularly import Mongolian coking coal through Russia, as reported by the Reuters agency. This is because Indian authorities are avoiding over-reliance on transit transportation through China. India ranks second in the world for raw steel production. Last year, Indian plants faced instability due to the unreliable supply of Australian coking coal. Therefore, the Indian government has sent representatives to Mongolia to diversify its fuel sources. Specifically, Indian manufacturers want to establish a regular supply route for Mongolian coking coal. The transportation of coking coal from Mongolia to India involves long distances, prompting the search for ways to import through Russia. According to a source who wished to remain anonymous, there are certain strategic issues involved with transiting through China. Although landlocked, Mongolia is rich in natural resources and is said to have top-grade coking coal reserves. Additionally, it is claimed that Mongolian products are $50 cheaper per ton compared to Australian ones. Indian steel companies consume 70 million tons of coking coal annually, with 85% of the demand being met through imports. More than half of India's annual coking coal imports come from Australia. Apart from Australia, India also imports coking coal from Russia, the USA, and a few other countries. SOURCE: REUTERS

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Reducing the Number of Financial Market Regulations to Create a Favorable Business Environment

Published: 2024-10-22 | Translated from: montsame.mn

The Speaker of the Parliament, D. Amarbayasgalan, along with Members of Parliament B. Naidalaa, E. Batshugar, B. Enkhtsetseg, G. Luvsanjamts, R. Batbold, and L. Soronzonbold, visited the Financial Regulatory Committee today to familiarize themselves with its operations and discuss legal and regulatory reforms. Currently, more than 30 laws and 139 regulations are applicable in the financial market. Therefore, the Parliament is working on reforms to regulate these relations by laws instead of regulations to reduce the number of regulations and create a clear and favorable legal environment for citizens and businesses. The Speaker emphasized this at the beginning of the meeting. Additionally, he requested focusing on enabling the Financial Regulatory Committee to manage new emerging financial relations. He also stressed the importance of creating a legal environment for the Committee to oversee non-bank financial institutions operating in the regions, and to ensure equal and accessible legal arrangements that protect the interests of clients dealing with non-bank financial institutions and insurance companies. Member of Parliament E. Batshugar suggested transitioning to a system that rewards financially disciplined citizens and protecting small shareholders, as well as bringing the operations of the stock market in line with international standards. Member of Parliament G. Luvsanjamts highlighted the importance of involving the private sector in the social insurance fund. L. Soronzonbold proposed introducing an insurance system in rural areas, noting that herders have lost livestock valued at two trillion tugriks due to natural disasters.

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299 million USD supplied to commercial banks

Published: 2024-10-22 | Translated from: montsame.mn

The Bank of Mongolia supplied 80.0 million USD to commercial banks today at different exchange rates through its regular foreign currency auction. In the preceding days, the figures were: 93.0 million USD on October 17, 60.0 million USD on October 15, and 66.0 million USD on October 10, respectively.

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Mongolbank Participates in International "Sibos 2024" Event

Published: 2024-10-22 | Translated from: gogo.mn

The “SIBOS-2024” (SWIFT International Banking Operation Seminar) event, which is traditionally organized annually by the SWIFT company specializing in international payments and foreign transactions, is being held from October 21 to 24 in Beijing, China. This year, representatives from the Mongolbank and Mongolian commercial banks are participating under the name “Mongolian Banks” to promote the 100-year history, origin, development, and current digital transition of Mongolia's financial sector, while also exploring new proposals, initiatives, and visions in the global financial sector. The event brings together leading and prestigious international banks and financial institutions worldwide to introduce current developments, advanced technologies, and methods in the banking and financial sector, and to exchange experiences. In addition, it facilitates broad discussions on new challenges and issues faced by the sector and their solutions. Furthermore, the event is distinctive in offering opportunities for representatives of financial institutions to initiate, expand, and extend their collaborations.

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Strategically Important State-Owned Companies and Enterprises to be Made Publicly Traded

Published: 2024-10-22 | Translated from: gogo.mn

In the government's 2024-2028 action program, it is outlined that the governance and transparency of state and locally-owned companies will be improved. This program also includes converting state and locally-owned companies into publicly traded companies, increasing efficiency and equitable distribution of wealth, and enhancing products and services on the securities market. As a result, information was provided to the management and employees of the State Property Policy and Coordination Agency on the topic of state property privatization and equitable distribution of wealth. The head of the State Property Policy and Coordination Agency, B. Tsengel, stated in his speech: "In our country, there are 78 state-owned and state-involved companies and enterprises, along with 44 subsidiary companies, operating. The State Great Khural (Parliament) and the government hold a policy of converting strategically important state-owned companies, enterprises, and other major companies into publicly traded companies. We are thoroughly preparing, re-examining each company’s medium and long-term development plans, and improving business planning and its evaluation, which will allow for successfully attracting necessary investments and providing the conditions for successfully trading shares to the public." The state-owned companies planned for privatization will be ranked based on whether they meet the criteria of the Financial Regulatory Commission and the Mongolian Stock Exchange's securities registration requirements. The State Property Policy and Coordination Agency supports the proposal to select the initial companies based on their operations, business plans, and market conditions and to work together with professional organizations. This meeting was attended by the head of the State-Owned Management and Coordination Department, Ts. Bayar-Erdene, the head of the State Property Registration and Utilization Department, D. Narangerel, the head of the Administration and Management Department, N. Ganbold, and all officials, as reported by the Mongolian Stock Exchange.

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What is Political Economy?

Published: 2024-10-22 | Translated from: gogo.mn

In Mongolia, there has been mention in the Parliament's chamber that only political economists are needed, and there are no such specialists. It seems that graduates from economics or economic classes have a distant perspective on this concept and subject matter. Political economy is an interdisciplinary field that explains how political institutions, political environments, and economic systems influence each other. It relies on economics, sociology, political science, and also includes philosophy, anthropology, archaeology, psychology, geography, history, ecology, cultural studies, and communication. Therefore, it is impossible to talk about political economy without fully understanding the economy. What is important is conducting interdisciplinary research that incorporates economic, political, and sociological perspectives on the policy issues being addressed and providing conclusions and recommendations. Adam Smith, David Ricardo, and John Stuart Mill are considered the founders of modern economic science. In our country, there has been significant research, analysis, discussion, and proposals in this field: - Political economy research includes examining how macro policies are guided by politics and the way political populism leads the economy to "not work" in the true sense. - Research showing the negative consequences on society and the economy when fiscal dominance appears, leading to the loss of central bank independence, is also part of this field. - When fiscal discipline is lost, leading to economic instability and inaccessibility, increasing social costs, it is related as well. - Discussions on the necessity of a progressive tax on high poverty and income inequality in the economy are also pertinent. In other words, when we write and say political economy, it is related, and the work done without describing it as such is also not far removed. Many such examples can be cited. However, what exactly is political economy? The "Great Depression" of 1929 and subsequent obstacles and challenges to global development were mainly economic issues. Adam Smith, David Ricardo, and John Stuart Mill are considered the founders of modern economic science. However, they referred to themselves as political economists. John Stuart Mill's "Principles of Political Economy," published in 1848, was the foundational textbook until the end of that century. Early theorists did not view the world of economics and politics as separate. But two main factors influenced the political field to develop separately from economic analysis. The first was that governments began to reduce their direct control over the economy. The second was the emergence of different political forms. In Europe, monarchies dissolved as more representative and varied forms of governance emerged. By the beginning of the 20th century, economics and political science had become separate fields. This separation continued throughout most of the 20th century. The "Great Depression" of 1929 and the subsequent obstacles and challenges to global development were primarily economic issues that attracted economists' attention. Similarly, political issues of the time, such as World War I and II, and the rise of fascism and communism, required political circles to focus on them. However, by the 1970s, it became impossible to view economics and politics as separate. Within the decade from 1970 to 1980, the Bretton Woods system collapsed, leading to dollar-pegged currencies tied to gold. Two oil price shocks and stagflation (high inflation, high unemployment, low production growth) occurred, proving that economic and political issues were closely intertwined. Today, the economy influences politics, and most political topics are about the economy. In other words, political economy examines how economics influences politics and how politics influences the economy in return. Over the past 50 years, political economy has become important in three main areas in economic and political sciences: - It studies how political factors influence the economy. Voters and interest groups have a strong influence on economic policy. Political economists aim to determine the impact of these groups, their interests, and their influence on policy through political institutions. - It studies how the economy influences politics. The macroeconomic situation can increase or eliminate the chances of the current authorities being re-elected. At a microeconomic level, the features of the economy or measures implemented by certain companies or sectors can influence the political policy directions and choices of those in power. - Economics is used to study politics. Politicians can be compared to companies competing in a market (with voters as consumers and governments as monopolistic providers of goods and services). Researchers have started modeling the political-economic interactions to gain a deeper understanding of the underlying factors influencing politics. These three research methods and directions strongly influence the actions of researchers and policymakers. Political economy helps experts who study what is happening in society and those wishing to change society to gain multi-faceted knowledge and understanding.

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Implementing a Scoring System Could Reduce Loan Interest Rates by 30%

Published: 2024-10-22 | Translated from: news.mn

We had a conversation with Member of Parliament E. Batshugar. - During the upcoming unified parliamentary session, important issues such as next year's budget and development plan will be discussed. It is estimated that more than 35 trillion tugriks in revenue will be generated next year. Do you think Mongolia has managed to resolve the bottleneck in transportation logistics and ports to achieve this level of income? – Mongolia is projected to export 78 million tons of coal next year. I believe it is entirely possible to achieve this estimate because China has recently announced large-scale programs to stabilize its economy and support its real estate sector. As a result, significant investments will be made into steel mills and infrastructure projects, which is expected to increase demand for Mongolian coal. For instance, an average of 770 kg of coking coal is needed to produce one ton of steel. Furthermore, China has reduced mortgage interest rates and announced the allocation of 343 billion dollars to increase economic activity in the sector. Additionally, the down payment for first-time homebuyers has been reduced from 20% to 15%. Companies operating in real estate have received an additional 109 billion dollars in financing, while local governments have been allowed to raise a total of 325 billion dollars in bonds for infrastructure investment. The Ministry of Finance and the central bank, People's Bank, have also been tasked with maintaining overall economic growth at 5% in 2024. It is clear that certain levels of investment will need to be allocated to infrastructure and real estate sectors to execute this task. Therefore, there will continue to be a need in China to import coal first and copper second from Mongolia. There is a forecast of steadily rising copper prices due to ongoing global demand. This is because there are no big new mines coming online except for Oyu Tolgoi in the short term, yet copper demand is rising. In China, an average of 60 kg of copper is used to establish a two-bedroom apartment. Furthermore, the global use and production of electric cars are continuously increasing. It is anticipated that the production levels, currently at 12%, will reach 40% in the near future. Electric cars require three times more copper to produce compared to conventional vehicles. Thirdly, countries worldwide are increasing their consumption of renewable energy. Producing energy from solar and wind requires 3-4 times more copper than traditional coal-generated energy. Looking at all these calculations, it is clear that copper demand is going to remain high. - There is negative news that although the physical volume of coal exports has increased, its price is decreasing. Isn't it overly optimistic to project an export of about 80 million tons of coal next year if this year's plan is fulfilled at such times? – Mongolia has exported 60 million tons of coal so far out of the planned 70 million tons for 2024. Although prices have been somewhat volatile, it is anticipated that the gap will be filled by increasing the physical volume. As mentioned earlier, China's coal demand is expected to surge by the end of this year and into next year, which is evident from the various policies implemented by its government. For Mongolia, there is a growing picture of generating foreign income from coal and copper next year. An increase in economic activity suggests rising tax revenues as well. For example, income tax revenue is projected to increase by 1-2 trillion tugriks. While this year’s end is forecasted to see a GDP size of 79 trillion tugriks, next year it is expected to reach 95 trillion tugriks. However, while both export volumes are increasing, there is the risk that this will also increase import volumes, bringing certain pressure to the balance of payments. - As a non-producing consumer country, there is a risk of suffering a deficit in the balance of payments following budget expansion. The balance of payments remains in a deficit. How can the flow of foreign currency be increased? - The most recent figures indicate that Mongolia's balance of payments recorded an overall deficit of 180 million USD. Addressing this deficit this year and next year is one of the most critical issues. Therefore, adjustments in the legal environment need to be made to increase the confidence of foreign investors and attract foreign investment. Establishing a one-stop service point for foreign investors and enhancing its operations is crucial. Properly focusing on attracting foreign investment could lead to a positive balance of payments for Mongolia. Strategic trade agreements with partner countries are actively being developed. If these agreements succeed, Mongolia could diversify its export economy, especially in selling and marketing agricultural products to duty-free countries, which would generate income. Substantial focus is being placed on promoting and developing tourism. During the first nine months of this year, 700,000 tourists generated approximately 1.5 billion USD in Mongolia. From this estimate, it can be deduced that each tourist spends about 2200 USD on average. The next segment contributing positively to the balance of payments is the coal transport sector. Currently, 60% of all companies involved in coal transport are foreign. This means that 400-500 million USD is directly flowing abroad. Therefore, having local companies transport coal as much as possible appears to be the correct short-term solution. In the medium and long term, completing railway connections is essential. A task force has been established to accelerate this work. I have full confidence that soon, parties will mutually agree on and cooperate, and the issues will be approved by the government and parliament. - Recently, the dollar exchange rate has strengthened, and the togrog exchange rate has weakened. Some researchers attribute this to the adjustment of 3 trillion tugriks in the 2024 budget and the expansion of the 2025 budget. Is this criticism valid? - While Mongolia's imports grew by 26.2% and exports by 6.2%, it is not merely due to budget expansion but rather to high economic activity that led to an increase in the import of goods. A noticeable increase has been observed in the import of petroleum products. While citizens use 30% of imported petroleum products in their daily lives, the remaining 70% is consumed by the mining sector. Diesel fuel and other petroleum product imports have surged due to increased coal mining. Secondly, the import of machinery for processing plants has increased. While these imports might exert pressure on the balance of payments in the short term, they will open up opportunities to substitute imports, increase exports, and produce goods domestically, thereby bringing positive economic impacts in the medium term. Thirdly, next year's fiscal policy has exempted the import tax on equipment for all processing industries. This decision is seen as a fundamental step towards improving the economic environment and increasing construction and is anticipated to bring about positive adjustments to the economy by the end of 2025 or 2026. - Although politicians promise to support and improve the business environment for small, medium, and micro businesses, businesses often criticize the high tax burden. Is the projected increase of 2 trillion tugriks in income tax revenue next year going to impose a large tax burden on private enterprises? - When considering the tax policy implemented in Mongolia and the fundamentals of tax revenue, one can see that almost 90% of total tax revenue is provided by just 3% of all registered businesses. In other words, companies like "Erdenes Tavantolgoi" JSC, "Oyu Tolgoi," and "Erdenet" factory... However, we must not forget the small and medium entrepreneurs, who encompass 97% of all registered companies and contribute the majority of the workforce and jobs. Therefore, it is reasonable to implement a certain tiered tax policy. For instance, both individuals and businesses should be able to benefit from tax concessions and exemptions based on their income levels. For example, the United States successfully brought about positive economic growth by integrating tiered tax policies with individual and business income. - The Central Bank of Mongolia has reduced the policy interest rate to 10%. Yet, there is criticism against relaxing the interest rate following high fiscal expansion in next year's budget. Do you see the relaxation of monetary policy as justifiable in this context? - The Central Bank makes policy decisions independently through the Monetary Policy Council, which convenes and makes decisions based on voting. Currently, inflation has decreased to 6.7%. This decline allowed the Central Bank space to somewhat ease monetary policy. Through monetary policy channels, reducing loan interest rates and channeling a stagnant 9 trillion tugriks of central bank securities into economic circulation can be seen as a policy objective. One positive observation amid the rising economic activity is that the rate of non-performing loans, once averaging 10%, has decreased to 5.8%. This is also seen as opening further possibilities for the Central Bank to extend its monetary policy tools. Going forward, establishing a new Asset Management Company in Mongolia presents a possibility to reduce loan interest rates by around 20%. The current average weighted interest rate is about 15-18%, and there is potential to bring this down to 12-13%. I have drafted a bill to establish a new scoring system for borrowers, which I will soon present. By starting operations of the Asset Management Company under the Central Bank, along with the credit rating scoring system I propose, it can be anticipated that loan interest rates in Mongolia could decrease by 30%. In addition, the Central Bank has outlined a few new aspects in its core guidelines for monetary policy. Firstly, there is an intention to create a "yield curve." This serves as a signaling tool with positive implications for the financial market. The yield curve establishes a base interest rate in the Mongolian financial market. Other enterprises, municipalities, and the government can base financial calculations and bond issuance on the "base interest rate." Moreover, measures aimed at supporting small and medium businesses are being undertaken. Currently, entrepreneurs seeking working capital loans from banks face mandatory collateral requirements. Aiming to allow future income as collateral for credit, and with my discussed credit scoring system, should directly facilitate such opportunities. This creates the groundwork for banks to provide long-term loans at low interest rates to financially disciplined individuals and enterprises without requiring collateral. - Economic growth is seen to directly benefit households by increasing salary and pension expenses. What are your thoughts on this? - While the state budget expenditure increased by 35% in 2022 and 36% in 2023, it is set to increase by about 30% in 2024. Meanwhile, average household income increased by just 1% in 2022, 7.1% in 2023, and is projected to rise by 19% in 2024. This is directly related to the increase in salaries for civil servants and pensions for retirees. How to bring economic growth to household doors is becoming a major challenge. In the long term, the economy will naturally adjust itself; however, in the short term, forced adjustments are inevitable. The policy decision to raise the minimum wage is deemed appropriate. We must keep up with the times. As we aim to increase our GDP to 95 trillion tugriks, it is also justified to increase the minimum wage. The main criticism regarding the expansive budget of 35 trillion tugriks is related to decisions about increasing pensions for seniors and salaries for civil servants in accordance with inflation. - Does the annual budget expansion lead to more positive economic metrics or pose negative impacts if there are any failures in the economic system? - One should look at the growth of budget expansion and GDP. Mongolia's GDP size is increasing rapidly, so a certain level of budget growth is not incorrect. Secondly, we should look at budget expenditure. It is essential to distinguish between excessive spending and spending that brings positive impacts on the future economy. If 10 trillion tugriks of next year’s budget is allocated for pure investment expenses, the rest largely relates to current expenses. Investments in the education sector can bring the most positive impacts to the future economy. This is evident from confirmations by international analysts and economists, as well as good practices from various countries. Therefore, we should never doubt the expenses in the education sector. We must not cut funding for education development. Of the 10 trillion tugriks intended for real investment, it aims to allocate it to regional road investments. Roads integrate the economy into circulation. The plan to commence approximately 2200 km of roads next year is seen as a version 2.0 of the Millennium Road. While all aimag centers are connected with paved roads now, constructing regional ring roads is the next goal. Additionally, the budget is approved in connection with railway link projects and those relating to a rebound in the energy sector. Enhancing national security and strengthening independence from other countries means producing 100% of energy domestically. It is advisable to finance such major project initiatives to go forward.

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Bank of Mongolia Participates in International “Sibos 2024” Event

Published: 2024-10-22 | Translated from: news.mn

The “SIBOS-2024” (SWIFT International Banking Operation Seminar), an annual event traditionally organized by the international payment and foreign exchange company SIFT, is currently taking place from October 21 to 24 in Beijing, China. This year, representatives from the Bank of Mongolia and Mongolian commercial banks are participating, promoting the history, origin, and digital transformation of Mongolia's banking sector under the name "Mongolian Banks," which boasts a 100-year history. They are also acquainting themselves with new proposals, initiatives, and visions in the global financial sector. Leading global banks and prestigious international financial institutions convene at this event to present current developments, advanced technologies, and methods in the banking and financial sectors, while also exchanging experiences. Furthermore, wide-ranging discussions take place regarding new issues and challenges within the sector and potential solutions. This special event also offers numerous opportunities for representatives of banking and financial institutions to initiate, expand, and enhance collaborations with each other in one place.

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DARHAN-UUL: Housing Prices Rose 7% Compared to Last Year

Published: 2024-10-22 | Translated from: montsame.mn

The number of people moving to Darhan city increases year by year. Last year, it led the country in the number of people relocating to the local area. As the population grows, the demand for housing increases, and prices rise accordingly. For example, while the price per square meter of housing ranged from 2,150,000 to 3,000,000 MNT in 2023, this year the average price has reached 3,500,000 MNT. In Darhan city, 9, 12, and 16-story apartment buildings with 2,116 units are being constructed across 24 locations this year. At seven locations, 584 housing units have been put into operation. The average price per square meter of newly constructed housing has increased by seven percent compared to the previous year, according to Senior Specialist G. Ariunbold of the Construction Department. The price per square meter of newly built housing varies depending on whether payments are made in full or as an advance. Cash payments range from 2,800,000 to 4,800,000 MNT, and advance payments range from 1,500,000 to 4,800,000 MNT. The minimum price for housing is 1,500,000 MNT per square meter, and the maximum price reaches 8,000,000 MNT per square meter for some houses, as noted by the construction specialist. When purchasing apartments, people tend to place orders when the building's foundation is laid at 10%, when the second and higher floors begin construction at about 15-20%, and when interior decorations and exterior facades are being completed. However, purchasing housing through loans significantly increases upon a building being fully operational, since purchasing a house with full payment is rare. Furthermore, as the price of newly constructed buildings rises, so do the prices of older buildings. Research has shown a trend where older apartments undergo basic or "super" renovations and are sold at increased prices.

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Is it possible to make transactions without fees?

Published: 2024-10-22 | Translated from: unuudur.mn

Of course, it is possible. Not only can you do this, but you can also become a lucky winner and receive a lot of rewards. But how does one become a lucky winner? The method is very simple. A recent example is that two customers using the newly launched Digi Pay application from Khan Bank to make payments have won the chance to attend a concert by the world-famous star DUA LIPA. The concert will take place in Singapore on November 5th. In other words, you can make payments for your necessary purchases and become a lucky winner, hitting two birds with one stone, by getting to watch DUA LIPA's concert at the Singapore National Stadium and touring the beautiful sights of the Asian lion city. If you missed the campaign announced in September, there is no need to worry. Khan Bank is offering you new opportunities, with lots of rewards. To be more specific, Khan Bank has just announced a rewards campaign among its Digi Pay app users to attend the 2NE1 concert in Hong Kong. All the customer needs to do is scan the QR code using the Digi Pay app and make a transaction. For every five transactions made with this application, you will receive one entry into the raffle. You can accumulate as many entries as you like during the campaign period. This campaign will continue until October 31, 2024, and the winner will be announced live on Khan Bank's official Facebook page on November 10, 2024. What is the Digi Pay application? It is a new service introduced by Khan Bank that allows you to make transfers within the bank and between different banks without paying any fees. You don't need to enter long account numbers—just the person's phone number and name are enough for a simple transaction. Additionally, when making payments at any service organization, you can scan the QR code displayed on Khan Bank's POS machine and complete the transaction very quickly. Additionally, besides making payments by scanning the QR code on Khan Bank's POS devices, you can also scan printed QR codes from Digi Pay or choose Digi Pay from the screen at cash registers in major retail stores. There are many choices and possibilities. You can easily check your raffle entries from the Loyalty section of the Digi Pay app. Join the Digi Pay campaign and become the owner of an amazing journey with a world-famous star.

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Organizations Paying the Most to Terelj Sukh LLC Associated with Minister of Culture Ch. Nomin

Published: 2024-10-22 | Translated from: itoim.mn

The government of L. Oyun-Erdene includes people with significant conflicts of interest. Someone connected to the railway was appointed as the Minister of Transport, someone involved in the construction business was appointed as the Minister of Construction, and someone who personally owns luxury hotels, tourism businesses, television, and show businesses was appointed as the Minister of Culture. To prevent such obvious conflicts of interest, the law 'On Regulating Public and Private Interests in Public Service and Preventing Conflicts of Interest' was enacted. Unfortunately, instead of implementing the law, they began to support the businesses of ministers through state procurement. Citizen B. Tsogtgerel, known publicly as 'Shilen Tsogoo,' reported that from budgetary organizations financed by the state budget, a total of 243,005,280 MNT has been transferred in 2024 to Terelj Hotel, or Terelj Sukh LLC, which is associated with the Minister of Culture Ch. Nomin. This information was explored further on 'Shilen Dans.' The following services were purchased from Terelj Sukh LLC through five transactions by the four organizations below. The 'Mongolian Prime Minister's Office' procured two services costing a total of 126,476,860 MNT. 1. 76,476,860 MNT was transferred for conference service fees. 2. 50,000,000 MNT was transferred for the 2025 budget discussion expenses. The Prime Minister's Office is financed by the national budget. The 'General Customs Administration' transferred 50,000,000 MNT for contract No. GEG-83/24. The 'Mayor’s Office of the Capital City' transferred 43,501,983 MNT for a ceremonial event receiving a Vietnamese delegation. The 'Armed Forces Development Center' transferred 23,035,437 MNT for receiving guests during the visit of the Chief of Combined Staff of Japan. In the 2023 fiscal year, budget-financed organizations transferred 225 million MNT in service fees to Terelj Sukh LLC. Terelj Sukh LLC is a family business of Minister of Culture Ch. Nomin, although she had her name removed from the company registration in March 2016. Currently, the managing director and ultimate owner is Ch. Batkhuu, Ch. Nomin's younger brother. However, there is a question regarding the ethics of using government functions, organized by the government in which she serves as a cabinet member, at the hotel associated with her family. On the other hand, there is a basis to suspect that the minister is using her privileges, influence, and state procurement to support her private business. The law states: - 'private interest' refers to the tangible and intangible interests that may affect the exercise of official duties by a public official or related parties; - 'conflict of interest' is defined as a situation in which the private interests of a public official conflict with the public interest and may adversely affect the impartial and fair execution of official duties.

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Diplomacy

The President of Mongolia, U. Khurelsukh, is Participating in the BRICS Summit

Published: 2024-10-22 | Translated from: news.mn

Mongolian President Ukhnaagiin Khurelsukh is attending the BRICS summit being held in Kazan, Russia. Mongolia is participating in this summit with the status of a partner. The regular BRICS summit is taking place from October 22-24, 2024, in Kazan, the capital of Tatarstan. Delegates from 32 countries are attending, including heads of state from 24 countries. Notable attendees include the President of China, Xi Jinping, Indian Prime Minister Narendra Modi, and the President of Serbia, Milorad Dodik. Russian President Vladimir Putin is scheduled to meet with Mongolian President Ukhnaagiin Khurelsukh in a "BRICS+/outreach" format. This format allows non-member countries to be involved and to discuss solutions to common issues they face. This BRICS summit is notable for its expanded format. In addition to Brazil, India, China, and Saudi Arabia, Ethiopia, Egypt, Iran, and the United Arab Emirates joined the organization in 2023. For the first time, the summit in Kazan includes 10 member countries. The summit will address many issues related to the economic development of member countries, with the primary focus being on establishing peace, according to experts. The discussions at the BRICS summit platform will cover topics such as equal rights for independence, self-determined development paths, mutual respect for sovereignty, transparency, reaching a unified understanding, striving for a multipolar world, establishing a fair model of global trade and financial systems, and collectively seeking solutions to pressing contemporary issues. This year, Russia, as the presiding country, is emphasizing these key topics and organizing the 2024 summit under the slogan "Strengthening Multilateral Participation for Global Development and Global Security." The GDP of BRICS countries reaches 60 trillion dollars, comprising 37.4% of the world's GDP (compared to 29.3% for the G7 countries). One-quarter of the world’s commodity exports are accounted for by BRICS. Experts consider the Kazan summit as this year's main geopolitical event.

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South Korean Specialists to Observe North Korean Troops' Tactics in Ukraine

Published: 2024-10-22 | Translated from: ikon.mn

The government of South Korea is considering sending a team of specialists to Ukraine to observe the activities of North Korean soldiers who have allegedly gone to fight on the Russian side, a source said. Last week, South Korea's intelligence agency reported that around 1,500 North Korean soldiers had moved to Russian territory to fight on Ukraine's front. The statement also mentioned that the Pyongyang regime plans to send approximately 12,000 special forces personnel to the Russian army. "We are investigating the possibility of sending a team to Ukraine to observe and monitor the tactics and combat capabilities of the North Korean special forces sent to fight on the Russian side," a South Korean official said. This team will include South Korean intelligence experts who will not only monitor the combat tactics and skills of the North Korean troops but also collect testimonies from captured soldiers. Furthermore, the South Korean government is considering the possibility of supplying weapons to Ukraine. Until now, the country has refrained from supplying arms to Ukraine, providing only humanitarian aid. "Alongside observing the state of the North Korea-Russia military cooperation, we will take appropriate countermeasures in stages. For example, we prioritize supplying defensive rather than lethal weapons, and examine indirect ways to supply lethal weapons if necessary," a source stated. When asked what North Korea might receive in return for sending its troops, South Korean Defense Ministry spokesperson Jeon Ha Kyu responded during a press conference that they might receive financial assistance or advanced technology. Source: Yonhap News Notice: Media organizations (Television, Radio, Social and Web pages) must cite the source when using our information, whether wholly or partially.

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Infrastructure

Direct Flights from Mongolia to Rome, Milan, and Venice in Italy Announced

Published: 2024-10-22 | Translated from: isee.mn

The International Civil Aviation Negotiation event "ICAN 2024" is underway in Kuala Lumpur, Malaysia, from October 21 to 25. A total of 83 countries and more than 700 representatives from two international organizations are participating in this event, including representatives from Mongolia led by the Director General of the Civil Aviation Authority, Ch. Munkhtuya. Within the framework of "ICAN 2024," Ch. Munkhtuya signed air service agreements and memorandums of understanding with representatives from the Republic of Italy and the Republic of Rwanda. These air service agreements are an important step towards expanding and developing international cooperation in Mongolia's aviation sector, elevating air transport relations with the Republic of Italy and the Republic of Rwanda to a new level. This will also increase Mongolia's participation in the international aviation sector, expand its air transport network, and support the development of trade, economic relations, and future cooperation with these countries. By establishing the memorandum with the Republic of Italy, the rights to operate direct flights between the two countries are created, with agreements to serve Rome, Milan (Malpensa and Bergamo), Venice, and two other selected destinations. In the case of the Republic of Rwanda, the specific destinations, frequencies, and capacities will be determined during the agreement process. The parties expressed their readiness to develop air relations between the two countries and jointly work towards expanding their air transport operations regionally and internationally.

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Discussing a $431 Million Loan for the Oil Refinery Project

Published: 2024-10-22 | Translated from: unuudur.mn

The Mongolian People's Party's group in the State Great Khural held a regular meeting where they listened to the Minister of Industry and Mineral Resources, Ts. Tuvaan, discuss the additional financing and progress of the oil refinery project being implemented in collaboration with the Government of India. According to national security recommendations, the raw materials for the refinery are to be sourced domestically. Therefore, it is necessary to increase oil extraction and resolve issues with the "PetroChina Daqing Tamsag" company. Minister Ts. Tuvaan stated that the "Oil Refinery Project" has been implemented since 2019 with a $1.2 billion loan from the Government of India. The project is divided into four main phases: construction, engineering, procurement, and establishment. The first phase is completed and ready for state commission approval, while work on phases two and three continues. Due to financial shortages in phase four, an additional $431 million loan agreement from India's "Exim" bank needs to be ratified by the State Great Khural for the project to proceed without interruption. The plan is to commence operations of the oil refinery by 2027. Once operational, the refinery is expected to supply 55% of the country's oil demand. Currently, "PetroChina Daqing Tamsag" and "Donshin LLC" aim to extract about 530,000 tons of crude oil. The operation of the refinery will create a demand for approximately one million tons of crude oil, thus the government is considering announcing additional exploration sites to increase extraction, and related discussions and negotiations will be pursued accordingly.

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Tavantolgoi Fuel LLC: Sufficient Supply of Briquette Coal Raw Material Midling

Published: 2024-10-22 | Translated from: itoim.mn

Tavantolgoi Fuel LLC signed an agreement with Energy Resources LLC to supply coal for the purpose of reducing air pollution in Ulaanbaatar and producing briquette coal. During the contract period, the company supplied washed and enriched energy coal for free from the mine's depot for five years. The contract ended last year, leading to challenges with the supply of midling, which is the raw material for briquettes. Briquettes consist of 97-98% energy-enriched coal, or midling, with the remainder being a binder. As of last July, Tavantolgoi Fuel Company reported having 230,000 tons of midling in reserve, while annual usage is about 600,000 tons. There was previously a reported shortfall of 300,000 tons of midling. When asked about the midling supply, Tavantolgoi Fuel stated that they are transporting midling daily by rail from Energy Resources. The supply is sufficient. They signed a contract with Energy Resources in autumn to receive 150,000 tons of midling. They are in the process of signing an additional contract for 250,000 more tons. In Ulaanbaatar, 200,000 families live in ger districts, consuming about 500,000-600,000 tons of briquette coal annually. Currently, briquette coal is being sold at 582 contracted points. By September, officials stated that 120,000 tons of briquette coal will be stocked, and as of today, 94,000 tons have been stocked.

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Tavantolgoi Fuel LLC: Sufficient Stock of Raw Materials for Coal Briquettes Continues to Be Available

Published: 2024-10-22 | Translated from: itoim.mn

"Tavan Tolgoi Fuel" LLC signed a coal supply agreement with "Energy Resources" LLC in 2018 to produce coal briquettes and reduce air pollution in Ulaanbaatar city. During the contract period, the company supplied washed and enriched coal from the mine warehouse free of charge for five years. The contract ended last year, raising concerns about the supply of raw materials, or middling, needed for briquette production. Usually, 97-98% of the briquette's composition consists of enriched energy coal, or middling, with the remainder being a binder. Last July, "Tavan Tolgoi Fuel" company reported having 230,000 tons of middling in stock, while annual usage is 600,000 tons. They had previously mentioned a shortfall of 300,000 tons of middling in future supplies. When asked about the raw material stock for briquette production, "Tavan Tolgoi Fuel" confirmed that they are transporting middling daily by train from "Energy Resources." Their stock is sufficient. In the autumn, they made a contract with "Energy Resources" for 150,000 tons of middling. They are in the process of signing a contract for an additional 250,000 tons. In Ulaanbaatar, 200,000 households live in ger districts, consuming 500,000-600,000 tons of coal briquettes annually. Currently, the briquettes are being sold at 582 contracted points. It was mentioned that by September, 120,000 tons of coal briquettes would be stockpiled, whereas, as of today, 94,000 tons are stored.

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O.Batshimeg: The initial price for land auction is set at 140,800 MNT per square meter in the central area and 220 MNT in remote areas

Published: 2024-10-22 | Translated from: ikon.mn

The General Agency for Land Administration, Geodesy, and Cartography, and the Capital City's Land Administration Office jointly organize auctions for land ownership, possession, and utilization rights. To ensure that the selection process is fast, efficient, and transparent, it is conducted online using the Land Exchange Electronic System. We spoke with O.Batshimeg, a senior expert at the Land Exchange Department of the Capital City Land Administration Office, about this matter. - How many times has a land auction been organized in the capital since the beginning of the year? What are the advantages of obtaining land through an auction? - Since the beginning of the year, a total of 9 auctions have been organized in 89 locations. For 35 of these locations, winners were determined and granted the right to possess the land through an order from the Mayor. The land obtained through auction has architectural planning instructions, which provides an advantage to citizens and enterprises for their future activities. Additionally, the Capital City Land Administration Office provides a quality assurance conclusion on the land condition, which is conducted once every five years. By purchasing land through auction, participants enjoy these advantages. - How can citizens participate in the land auction? - Citizens must submit their request to participate on the electronic system of the land exchange at www.mle.mn. They must register a week before the auction, paying a 10% deposit of the auction's initial price, equivalent to 12,500 MNT, to the State Treasury to open their participation rights. - Are there individuals or enterprises that are not eligible to participate in the auction? - Auctions are organized for land possession and utilization purposes. Foreign-invested companies are issued certificates granting utilization rights, while 100% Mongolian-invested companies are granted possession rights. Therefore, any enterprise or organization with utilization or possession rights can participate. - What is the significance of organizing land auctions? - With the renewal of the Land Law, land is issued through auctions, and it is not issued for other purposes. Depending on how many people participate in a particular land auction, the price can increase significantly or it may be sold at the initial price. Land, except for individual housing and family needs, is sold through auctions. - How is the initial price of the auction determined? - According to the method approved by the Minister of Construction and Urban Development, the initial price for auctions is calculated for 17 purposes across 16 zones. The City Council resolution categorizes these 16 zones based on their remoteness from the center. The highest price in the central 1st zone is set at 140,800 MNT per square meter. The lowest initial price is 220 MNT per square meter in the remote 16th zone. Source: Public Relations Department of the Capital City Governor's Office Notice: Media organizations (Television, Radio, Social, and Web pages) must cite the source (ikon.mn) when using our information in any form.

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Society

"Mongolia Day" Event at IMARC-2024 Expo

Published: 2024-10-22 | Translated from: montsame.mn

An International Mining and Resources Conference Expo (IMARC) will be held in Sydney, Australia from October 29 to 31 of this year. The Mongolian National Mining Association reported that a "Mongolia Day" event is ready to be organized during the "IMARC-2024" exhibition. This "Mongolia Day" event, organized in cooperation with the Ministry of Industry and Mineral Resources, aims to present the policies and directions of the new Government of Mongolia in the mining sector to IMARC-2024 participants. It will provide an opportunity for industry experts, investors, and partners to exchange ideas under the theme "Investment Environment in the Mineral Resources Sector." The activity is expected to enhance the international visibility of Mongolia’s mining sector and establish valuable partnerships. Mongolia’s representatives from the mining sector have consistently participated in "IMARC"—the International Mining and Resources Conference Expo—and last year, Mongolia organized a special conference for investors for the first time, providing information from mining companies. Representatives from the government, leading mining company executives, and managers from our country will participate in "IMARC-2024."

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Published: 2024-10-22 | Translated from: news.mn

Due to the decision made by former President Kh. Battulga to zero out pensions, the "Erdenes Mongol" company has fallen into debt of 930 billion MNT, and as a result of a decision made ahead of the parliamentary elections, the Social Insurance Fund (SIF) has incurred a loss of 4.2 trillion MNT. Minister of Labor and Social Protection L. Enkh-Amgalan has stated that "the cost of populism from just three laws has exceeded 4.2 trillion.” This is because, in 2017, the parliament passed a law allowing herders and self-employed individuals to pay their social insurance contributions retroactively, and in 2022, a law was passed to reduce the retirement age of herders by five years. For example, according to the first law, herders and self-employed individuals aged 15-60 were given the right to pay retroactively their pension insurance contributions from 1995-2019. They paid a contribution equal to 10% of the minimum wage at that time. Since the minimum wage at the time was 420,000 MNT, citizens paid 42,000 MNT per month in social insurance contributions. This law covered 608,000 citizens who paid 38 billion MNT over 11 years, but currently over 300,000 people are receiving pensions, with the total payouts reaching 1.5 trillion MNT. Now, again, when the same 300,000 citizens who paid retroactive contributions retire, they will receive pensions exceeding 1.5 trillion MNT. In other words, although 608,000 citizens have paid 38 billion MNT in retroactive contributions, they are set to receive pensions amounting to more than 3 trillion MNT. Furthermore, by advancing the retirement age of herders by five years, men can retire at 55 and women at 50, which adds more strain. Additionally, the government has assumed responsibility for covering 50% of the herders' social insurance contributions, meaning that taxpayers are ultimately footing the bill. These election-driven decisions not only heap burdens on the shoulders of taxpayers but also disadvantage citizens who have worked all their lives and paid their social insurance contributions. Thus, there is a need to correct these policy errors. The main question is whether the parliament has the courage to correct these errors if the government submits a bill. If the previous parliament and government’s errors are not corrected, today's young people paying social insurance contributions might face the risk of losing out in the future. If the SIF continues to incur losses, future retirees may be unable to receive pensions. To compensate for the SIF losses, a subsidy of 1.4 trillion MNT was allocated from the budget this year, and next year there is a need to allocate a 2 trillion MNT subsidy. By 2026, the need for a 3 trillion MNT subsidy will arise. There is no such thing as government money; in the end, it is taxpayer money. Therefore, if the parliament is not careful to avoid repeating past mistakes, populist promises are made to the public during every election. After winning the election, there is a tendency to pass laws to fulfill these promises, depleting the fund. In the end, it is the insured who suffer the consequences, establishing a harmful precedent. Therefore, if the issues related to the SIF are not carefully considered, those who have paid will suffer, while those enjoying the benefits will take advantage, establishing a negative precedent.

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Trainers for Employing People with Disabilities Have Been Prepared

Published: 2024-10-22 | Translated from: montsame.mn

The Japan International Cooperation Agency (JICA), in collaboration with the Ministry of Labor and Social Protection of Mongolia, has implemented a project to strengthen the employment support system for people with disabilities in our country. The results of the project were discussed and reported at a conference held today at the "Holiday Inn" hotel. During the four years of the project, 16 trainers were prepared at the national level to act as workplace trainers for people with disabilities. This is the main achievement reported by J. Javkhlantugs, acting head of the General Authority for the Development of Persons with Disabilities. Comprised of trainers from governmental and non-governmental organizations, as well as from businesses, they have served over 230 people with disabilities, helping them find permanent employment at 150 workplaces, thus enabling them to have jobs and income. The preparation of trainers for people with disabilities takes six months, a long-term process. The project was based on experiences from leading countries with systems for serving people with disabilities and the Japanese methodology for supporting employment. It has contributed to establishing a societal system in our country for coaching people with disabilities and supporting them in living independently in the future. In our country, the government or the employment promotion fund budget is used to finance and pay the salaries of these trainers. It takes 1-24 months to train these trainers, which involves assessing the work capacity of individuals, and is characterized as a long-term process. He emphasized this point. The closing event of the "Project to Strengthen the Employment Support System for People with Disabilities" was attended by L. Enkh-Amgalan, the Minister of Labor and Social Protection, and M. Igavahara, the Ambassador Extraordinary and Plenipotentiary of Japan to Mongolia. Representatives from the Mongolian Employers’ Federation, the National Association of the Deaf of Mongolia, the Autism Association of Mongolia, the National Development and Employment Training Center for Persons with Disabilities of Mongolia, the National Association of the Blind, and a project to improve services and ensure participation of people with disabilities funded by the Asian Development Bank (ADB) attended the event.

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Trainers for Financial Education Prepared in Local Areas

Published: 2024-10-22 | Translated from: itoim.mn

In the framework of implementing the "World Savings Day-2024" campaign, a training session was organized in Dornogovi and Uvs provinces to prepare trainers for financial education. Previously, in 2017 in Uvs province and in 2019 in Dornogovi province, the Bank of Mongolia, in collaboration with other parties, had involved teachers from the Lifelong Education Center (as it was known at the time) in training. This time, participants included employees from the banking sector, trainers of lifelong education, representatives from general education schools, and employees of non-bank financial institutions. During the training, theoretical and practical sessions were conducted on topics such as household budgeting, savings, investment, fintech and cryptocurrency, loans, inflation, banks, and other financial institutions, as well as training methodologies for trainers. A total of 70 people successfully participated in the training and received trainer certificates.

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L. Enkh-Amgalan: We will develop alternative care services for the elderly and support the involvement of the private sector and NGOs

Published: 2024-10-22 | Translated from: isee.mn

The Minister of Family, Labor, and Social Protection, L. Enkh-Amgalan, met with representatives of non-governmental organizations operating in the field of elderly care and rehabilitation, the Ministry of Health, the General Department of Social Insurance, the National Center for Gerontology, and other public and private sector organizations. The Government's 2024-2028 action program includes five main objectives aimed at improving and supporting the social protection of the elderly. One of these objectives is to develop alternative care services for the elderly and support the participation of the private sector and non-governmental organizations. In Mongolia, the "Caring Children" NGO operates in the field of elderly care and rehabilitation in Darkhan-Uul, Selenge provinces, and Sukhbaatar district of the capital city. Additionally, day-care, in-home care, and temporary placement care services have been started by private businesses. During the meeting, Minister L. Enkh-Amgalan emphasized the need to support private businesses in this work, to formalize the pricing of services, and to integrate them with the social insurance fund and the health insurance fund, to make these services financially sustainable through insurance and to increase accessibility, eventually establishing a national long-term care service system. In addition, nationwide risk detection for the elderly will be organized, legal regulations will be modified, and specialized doctors and medical staff for elderly care and nursing will be trained. Elderly development centers will be established in each province, district, and sub-district based on existing resources to support active aging and development participation, he added.

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Environment

Mongolian Nature Legacy Foundation (MNLF) Appoints Nomindari Enkhtur as CEO

Published: 2024-10-22 | Translated from: ikon.mn

The Mongolian Nature Legacy Foundation (MNLF) has appointed Nomindari Enkhtur as its CEO. Nomindari brings extensive experience in sustainable finance and environmental leadership to the MNLF, which was established to support and fund long-term biodiversity conservation and sustainable land management practices in Mongolia. With over a decade of leadership in sustainable finance and public-private partnerships, Nomindari has been a driving force behind many key sustainability initiatives in Mongolia and internationally. Her career has been marked by the successful founding and operations of the Mongolian Sustainable Finance Association (MSFA), a globally recognized platform that unites close to 60 financial institutions and corporates in advancing the sustainability agenda. She also contributed to the design of critical sustainable finance policy documents including the Mongolia Green and SDG Taxonomy, National Sustainable Finance Roadmap, and financing vehicles such as the Mongolia Green Finance Corporation and Billion Tree Fund. Nomindari’s expertise extends beyond national borders. She held advisory roles with organizations such as the United Nations Joint SDG Fund, UNEP, IFC, ADB, and EBRD, among others, on a number of projects related to portfolio emissions calculation, taxonomy development and piloting, green loan portfolio assessment, green bonds, gender finance, ESG integration, sustainability reporting and capacity building. These achievements earned her a spot on Asia’s Top Sustainability Superwomen List of Honour in 2022, recognition as an EU Young Leader for Development, and One Young World Ambassador in 2017. She holds a Master’s in Sustainability Management from Columbia University and is a certified Adaptation Finance Expert from the Frankfurt School of Finance & Management. MNLF will announce a call for proposals in mid-2025 and is designed to support sustainable conservation efforts through a range of grants, including to government and non-government organizations. Under Nomindari’s leadership, the Foundation will oversee the distribution and monitoring of international donor funding for innovative and impactful initiatives that address key environmental challenges in Mongolia, such as overgrazing, sustainable resource management and tourism, and community-based conservation. The MNLF Board of Directors is confident that under Nomindari’s leadership, the Foundation will mobilize and effectively manage various funding sources to foster innovative solutions for climate action and biodiversity protection, safeguarding Mongolia’s natural legacy for future generations. MNLF is Mongolia’s first Conservation Trust Fund registered as a private independent entity in the United States. MNLF will independently manage a portfolio of different conservation projects and programs, funded by various donors and funders. The “Eternal Mongolia” Project Finance for Permanence (PFP) initiative is the first program to be managed by MNLF as part of a partnership between the Government of Mongolia and The Nature Conservancy (TNC). Notice: Media outlets (Television, Radio, Social and Web pages) must mention the source (ikon.mn) when using our information in any form, either in whole or in part.

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The Legacy Landscapes Fund to Provide Annual Funding for the Protection of Onon-Balj National Park

Published: 2024-10-22 | Translated from: ikon.mn

The Legacy Landscapes Fund (LLF), The Nature Conservancy (TNC), and WWF-Mongolia have committed to implementing a 15-year project to sustainably protect the biodiversity, unique ecosystems, and cultural heritage of the Onon-Balj National Park and its surrounding areas. This includes providing $1 million annually to support these efforts. The Onon-Balj National Park and its buffer zone cover an area of 11,534 square kilometers. The aim of this program is to create a model of a protected area that combines ecological preservation with social and economic development. The Nature Conservancy will work closely with WWF's Mongolia program, protected area administrations, national and local authorities, and local communities to achieve the program's goals. The program focuses on increasing the benefits of the Onon-Balj National Park, supporting sustainable livestock practices, and investing in the sustainable tourism sector. It aims to serve as a global model for landscape and freshwater conservation. Local communities play a crucial role in planning and implementing conservation strategies and demonstrating community-led conservation efforts. LLF will provide total funding of $15 million, including $10 million from its own funds and $5 million from My Good Fund and Jeremy and Hannelore Grantham's environmental trust. This financing is part of LLF's contribution to the "Eternal Mongolia" conservation program, which is aimed at improving local sustainable development, protected area management, and supporting conservation efforts over 15 years. Stephanie Langelsolzen, Executive Director of LLF, stated, “We are proud to support the long-term financing of Onon-Balj National Park in collaboration with TNC. This will expand conservation efforts for this crucial ecosystem in East Asia. We anticipate fruitful cooperation with our wide range of partners and stakeholders in Mongolia.” The Onon-Balj basin, located in the southern reaches of the Siberian taiga and the steppes of the Dauria, is a critical peatland habitat for various wildlife species. It is home to many endangered mammals and birds, such as the Mongolian gazelle and the Asiatic bustard, and serves as a vital stopover for migratory birds along the East Asia-Australasia Flyway. The park contributes significantly to biological diversity and water resource sustainability, despite being vulnerable, particularly for the Siberian taimen fish. The region's forests and peatlands play essential roles in climate resilience, carbon sequestration, and water regulation. Culturally, the park preserves the rich heritage of Mongolian nomadic traditions and untouched pastures. D. Galbadrakh, head of TNC's Mongolia office, expressed excitement about leading this initiative with LLF's support. “This program will transform Onon-Balj into an exemplary protected area and presents a significant opportunity to mitigate and adapt to climate change while improving conservation efforts.” WWF's Mongolia program director D. Batbold highlighted the importance of long-term conservation, citing the decade-long efforts to stabilize Argali sheep populations as a parallel initiative. Similarly, the Onon-Balj park aims to develop a balanced ecosystem. The Onon-Balj Park, located at the source of the Amur River — a lifeline for 75 million people — has been selected under LLF's open call for projects in early 2022, chosen for its biodiversity value, habitat diversity, climate change relevance, conservation plans, and involvement of indigenous and local communities. O. Tsendgombo, director of Onon-Balj Park, noted, “We faced financial challenges in preserving this vital ecosystem. This project will enable us to protect it in its pristine state for future generations.” The Legacy Landscapes Fund was established in 2020 to bridge the financial gap in biodiversity conservation globally, supporting nature, humanity, and climate through public-private financing initiatives. The Nature Conservancy is an international conservation organization focused on preserving the lands and waters vital to all life. With innovative, science-based approaches, TNC tackles the world's most pressing challenges, working in more than 70 countries. It collaborates with local communities, governments, businesses, and partners for sustainable solutions. WWF is an independent conservation organization with a global network in over 100 countries and 35 million supporters. Its mission is to halt environmental degradation and build a future in which people live in harmony with nature. It focuses on biodiversity, sustainable resource use, and reducing pollution and overconsumption.

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An Annual Funding of One Million USD for the Conservation of Onon-Balj National Park

Published: 2024-10-22 | Translated from: gogo.mn

To sustainably protect the biodiversity, unique ecosystem, and cultural heritage of the Onon-Balj National Park, the Legacy Landscapes Fund (LLF), The Nature Conservancy (TNC), and WWF-Mongolia have agreed to implement the "Heritage Site - Onon-Balj National Park" project over 15 years. The Onon-Balj National Park and its surrounding area cover 11,534 square kilometers. The goal of this program is to establish a specially protected area with a 'model' that integrates social and economic development alongside land protection. The Nature Conservancy, a leading organization in wildlife conservation worldwide, will work closely with WWF-Mongolia, the administration of specially protected areas, national and local authorities, and local residents. This program aims to enhance the benefits of the Onon-Balj National Park, support sustainable livestock practices that are environmentally friendly, invest in sustainable tourism, and ultimately set an example globally for land and freshwater conservation. Local residents' participation and initiatives play a crucial role in developing and implementing protection plans, and through partnerships that support community-led conservation activities, they demonstrate what can be achieved. LLF is providing financial support: a total of $10 million aligned with a public-private funding model, along with $5 million in grants from the My Good Fund and the Jeremy and Hannelore Grantham Environmental Trust. This funding, within the "Eternal Mongolian" conservation program for continuous financing over 15 years, is aimed at supporting sustainable local development, improving the management of specially protected areas, and contributing to conservation efforts. The total investment amounts to $198 million. "We are proud to have signed this long-term financing agreement with TNC to fund the Onon-Balj National Park. The program, supported by LLF, extends the protection of significant ecosystems in East Asia and peatlands worldwide. We look forward to cooperating with our broad network of partners and stakeholders in Mongolia," emphasized Stephanie Lang, Executive Director of LLF. The Onon-Balj watershed is situated in the southern part of the Siberian taiga and the Daurian steppe. It is a peatland area rich in biodiversity, home to rare species like the Mongolian gazelle and the Asian bustard, and serves as a critical stopover for migratory birds on the East Asia-Australasia Flyway. Moreover, while crucial for biodiversity and water sustainability, it supports the sensitive Siberian Taimen fish and aids in climate resilience, carbon sequestration, and water regulation with its forests and peatland. "We are extremely pleased to implement this program with LLF's support in the Onon-Balj National Park. We foresee developing the park as a benchmark for what a specially protected area should be, offering significant opportunities to mitigate climate impact and enhance conservation efforts," said D. Galbadrakh, Director of TNC Mongolia. "With public awareness contributing to ecosystem restoration and natural processes, conservation does not show immediate or direct impacts. That's why this 15-year project is unique. Reflecting on similar efforts, such as the long-term work to stabilize Argali sheep populations in western Mongolia, success extends beyond population growth to include habitat and food availability," noted D. Batbold, Director of WWF-Mongolia. The Onon-Balj National Park, the headwaters of the Amur River, supports the livelihood of 75 million people and is one of the world's essential ecological regions. The Onon-Balj National Park was selected in early 2022 following LLF's open project competition. It was chosen for its biodiversity value, habitat diversity, climate change relevance, conservation approaches, integration of indigenous and local people, ecosystem services, and contribution to global geographical balance from 19 qualified applications. "We faced financial challenges in preserving this vital ecosystem upon which millions of lives and numerous endangered species depend. With this project, we now have the opportunity to preserve this invaluable land for future generations," said O. Tsendgombo, Director of Onon-Balj National Park Administration.

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Agricultural Corporation and Agricultural Exchange Relocated to Darkhan Province

Published: 2024-10-22 | Translated from: gogo.mn

According to the regional development concept, it has been planned to make Darkhan-Uul, Selenge, and Tuv provinces, which form the central region, a "specialized agricultural and industrial sub-region." In this context, a decision was made to relocate the Ministry of Food, Agriculture, and Light Industry to Darkhan-Uul province. The implementation of this decision is being phased, with the first step being the relocation of the Agricultural Corporation and the Agricultural Exchange to Darkhan. The Minister of Food, Agriculture, and Light Industry, J. Enkhbayar, stated that by moving the ministry to Darkhan-Uul province, investments will be directed towards the central region, and clusters for food and light industries along with other types of production will be developed within the central region. The ministry plans to increase the cultivation area by 200 thousand hectares. President U. Khurelsukh has set a goal to fully meet domestic demand for 19 main types of food products within the next five years. Additionally, to transform the country into a food-exporting nation, a national movement for "Food Supply and Safety" is being initiated and implemented. To successfully implement this national movement and achieve tangible results, the State Great Khural of Mongolia has passed Resolution No. 36, deciding to invest and finance MNT 1.7 trillion in the food and agriculture sector over the next five years.

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Evaluation of the "Conserving Biological Diversity and Adapting to Climate Change" Project Underway

Published: 2024-10-22 | Translated from: montsame.mn

In the framework of the development cooperation between the Government of Mongolia and the Federal Republic of Germany, an evaluation team is monitoring and assessing the progress of the "Conserving Biological Diversity and Adapting to Climate Change" project implemented jointly by the German Reconstruction Credit Bank and the Ministry of Environment and Tourism of Mongolia. The evaluation team plans to organize joint meetings with the heads and officials of the Ministry of Environment and Tourism, the Ministry of Finance, the Ministry of Economy and Development, and other organizations. They also plan to meet with the administrations of some special protected areas, aimag environmental agencies, soum leadership, and local residents where the project is being implemented. The team includes Lydia Primachenko, the senior project manager of the German Reconstruction Credit Bank, Matthias Bechtolsheim, the senior technical engineer, and Christian Richter, the permanent representative of the Beijing Representative Office, as reported by the Ministry of Environment and Tourism.

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Innovation

Collaborating with EBRD to Enhance the Digital Economy

Published: 2024-10-22 | Translated from: montsame.mn

Minister of Digital Development, Innovation, and Communications Ts. Baatarkhuu received Hannes Takach, Resident Representative of the European Bank for Reconstruction and Development (EBRD) in Mongolia. At the beginning of the meeting, Minister Ts. Baatarkhuu highlighted that two of the 14 mega projects being implemented by the joint government are related to digital development, innovation, and the communications sector. He also mentioned that a working group is actively developing a legal framework for big data and artificial intelligence. He stated, "We appreciate the recommendations provided by the EBRD for improving the national identification and verification system, DAN, to ensure security. State agencies aim to deliver public services to citizens and businesses smoothly using the KHUR and DAN systems, exchanging information, and eliminating the use of paper-based documents. We plan to establish a designated test zone for drones. The Ministry of Digital Development, Innovation, and Communications aims to create a 'Digital Economy' within the next four years and to promote the use of digital signatures with the development of the 'Esign Client' program." Hannes Takach, the Resident Representative of the EBRD in Mongolia, noted that they are ready to advise on and commence the second phase of technical assistance to identify challenges and opportunities for boosting the digital economy in Mongolia. He also emphasized the potential for collaborating with Mongolia on establishing a data center and ensuring cybersecurity. At the end of the meeting, Minister Ts. Baatarkhuu expressed his interest in working together to establish a joint investment fund to support Mongolian startup companies, as reported by the ministry.

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Mineral Processing-2024 International Scientific Conference to Be Held on Friday

Published: 2024-10-22 | Translated from: isee.mn

The "Mineral Processing-2024" international scientific and theoretical conference, organized biennially by the Mongolian Association of Mineral Beneficiators, is set to be held for the 7th time on October 25, 2024, in Ulaanbaatar. This year's "Mineral Processing-2024" conference will feature researchers and specialists from highly developed mining countries like Canada, Australia, the United States, and China, with a preliminary estimate of over 200 representatives from both domestic and international sectors gathering together. The conference aims to introduce new technologies used in mineral beneficiation and processing industries, explore possibilities for localizing advanced techniques, technology, and software integrated into practice, exchange knowledge and experience, contribute to determining trends in the mineral processing sector, and develop cooperation among technology suppliers, manufacturers, and research institutions. Participants in the "Mineral Processing-2024" international conference include enterprises operating in the field of mineral processing, government organizations, scientists and researchers, universities, suppliers, laboratories, and consultancy service providers. They will discuss issues related to technological advancements, best practices of beneficiation plants, occupational safety, experimental research results, legislation, and taxation within the mineral processing industry. The primary organizer of the "Mineral Processing-2024" international conference is the Mongolian Association of Mineral Beneficiators, and the conference will be held at the Conference Hall of the Novotel Hotel.

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E. Batshugar: Don't Compare the National Satellite to Starlink's Internet

Published: 2024-10-22 | Translated from: isee.mn

E. Batshugar: Don't compare the national satellite to Starlink's internet. This is an effort to ensure information independence. In 2012, our country implemented the "National Satellite" program under Government Resolution No. 1237. Last October, the President of Mongolia, Khurelsukh, visited France, during which an agreement to manufacture and use a national satellite was drawn up. At that time, the Minister of Digital Development and Communications, Uchral, and the CEO of France's Thales Alenia Space, Herve Derrey, signed a memorandum of understanding. Thus began the realization of generations' desire to have a national satellite and ensure communication independence. This is a project to launch the "Chinggis Sat," a satellite developed 100% on digital technology, to the 113.6E orbit allocated to Mongolia by Thales Alenia Space, a major global manufacturer. The project will be implemented with a 100% low-interest loan from the French government over 15 years, and the required 15% collateral, or about 120 billion tugriks, is being discussed in the 2025 budget by the Parliament. This project is one of the 14 mega projects included in the government's program for 2024-2028, which is being discussed in the Parliament with a working group formed for this purpose. Some MPs have criticized the project, saying the cost is too high, suggesting that "building a power plant instead of launching a satellite for 830 billion" would be more beneficial. For example, MP Ch. Anar stated, “I fully support having a national satellite, but the means do not justify the ends. First, it's expensive. The budget for this goal could be 120-140. Second, you are being misinformed. As a professional, I am concerned. It is said that 260,000 herders will be able to communicate from their pastures, but this is costly. Get professionals involved in the working group if it is not state secret,” he said. On the other hand, the Ministry of Digital Development, Innovation, and Communications explained: - A self-reliant communication system will ensure national security. - Internet access and IT services will be available from anywhere in Mongolia. - 250,000 herder households will have access to e-services such as E-Mongolia, E-school, and E-hospital. - Services meeting the needs of businesses will be introduced, supporting business operations. - Deploying new fiber optic cables for internet services will save 29 trillion tugriks. - Supporting the rollout of new technologies like 5G and IoT will have positive impacts on industry and agriculture. - It will provide many benefits, such as increasing capabilities for disaster response and risk mitigation. We spoke to MP E. Batshugar about this issue. - Our country is about to start the project of launching a national satellite in cooperation with France. There is a lot of criticism in the parliamentary discussion stages. Do we need a national satellite? Can you, as someone informed about this sector, provide the facts? - The information technology sector is rapidly developing, and many projects like artificial intelligence, blockchain, and 5G are being discussed. However, having a national satellite is inevitably tied to our national security. In other words, it is an effort to ensure the independence of Mongolia. People often confuse it with Starlink. Starlink are satellites revolving at an altitude of 600 km above the earth, providing internet connection. However, Starlink's controlling stations and all its data are in the USA. In contrast, "Chinggis Sat" will be launched 36,000 km from the Earth in space allocated to Mongolia by the UN. It will be a large satellite orbiting with the earth. With our national satellite, our IT independence will be assured. Now we are connected by fiber cables from the north with Russia and from the south with China. If these cables were to break, Mongolia would fall into darkness immediately, with no information, no banking transactions, and no internet. To protect against this, we need a national satellite. - The "Thales Alenia Space" company we are about to work with is one of the few companies in the world that launches satellites. In geopolitical terms, working with France seems the right choice. What is your position on this? - Certainly. Thales Alenia Space, a large European Union company partnering with Italy, has built many satellites based on high technology. It is one of the most reputable companies. We know Elon Musk's Space X, but Thales Alenia Space has more experience and ranks higher. Few countries manufacture satellites, such as America, Japan, India, Russia, and China, besides France. The most reliable company adhering to the "third neighbor" policy is Thales Alenia Space from France. In other words, we are partnering with the best. - There seems to be a limited understanding among the public about having a national satellite. They wonder how they will use it. How will we communicate with herders over 1,500 km of our territory once we have a national satellite? - Sensors placed on border posts can be connected to the internet to immediately alert in case of border violations. Mongolia already pays $9 million a year in rent to Korea Sat. This cost will increase yearly since our usage is increasing. Therefore, having a national satellite will not only secure our safety but also keep the dollar flow within Mongolia. Moreover, our satellite orbiting 36,000 km above can be rented to other countries. For example, Indonesia rents from other countries. Lastly, we are preparing to train experts to develop our space industry.

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"UBCab" Online Taxi Service Partners with "Petrovis" Group to Upgrade Driver Reward System

Published: 2024-10-22 | Translated from: ikon.mn

Over 50,000 drivers registered with the "UBCab" online taxi service can now benefit from discounted fuel prices at "Petrovis" service stations. "UBCab" LLC and "Petrovis" Group have collaborated to implement a new reward system nationwide. How will these rewards be provided? Drivers identified as "good drivers" by UBCab will be able to purchase fuel at discounted prices at any "Petrovis" service station using the "Yellow card" rewards within the UBcab driver application. Executive Director of "Petrostar" LLC, D. Munkh-Od, stated, "As a company that strives to deliver development with its motto at ‘Petrovis’ Group, we aim to introduce new ideas and technology to provide value to our customers. We are pleased to partner with 'UBCab' to launch this reward initiative for around 50,000 drivers. UBCab operates not only in Ulaanbaatar but also nationwide. Over 400 of our service stations across the country will now offer this reward option. We are delighted to sign this partnership agreement with UBCab LLC." O. Zolbayar, Executive Director of "UBCab" LLC, said, "Through our digital platform, we undertake the task of both cargo and passenger transportation services. Around 50,000 drivers serve more than 1.2 million customers every day. We are pleased to establish cooperation with a major national fuel supplier. Based on customer ratings, we evaluate our drivers monthly and have started a program to reward good drivers. We have successfully connected the system, allowing drivers to get rewarded fuel discounts. Drivers have a wallet where income is accumulated. They can receive rewards that match their ratings, and this will enable them to work throughout the country. We will continue to bring various services closer to our drivers without interruption, and we are open to collaborating on connecting wallets further." "Offering the ability to use rewards accumulated in the 'Yellow card' for fuel is a significant advantage," expressed driver N. Galbadrakh from "UBCab" LLC. "For more than two years, I've been working with UBcab. Previously, it was challenging to use the 'Yellow card'; there was no solution other than just recharging its credit. But now, by working with the 'Petrovis' company, being able to get fuel through this card is really beneficial and correct. Fuel is the primary driving force for a car. This ability to use accumulated rewards from the 'Yellow card' for fuel is a significant advantage." Warning: Media outlets (Television, Radio, Social media, and Websites) must fully or partially use our information in any form by mentioning the source (ikon.mn).

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Health

Vaccination of High-Risk Groups is Approximately 80% Complete

Published: 2024-10-22 | Translated from: ikon.mn

The Ministry of Health, the National Center for Infectious Disease, and the National Influenza Center are organizing the eleventh national influenza consultation today. After COVID-19, the country has expanded to have 30 molecular biology laboratories across 21 provinces and eight districts. Vaccination for high-risk groups, including children aged 2-5, pregnant women, medical workers, and people aged 65 and above, is continuing at approximately 80% completion. People with chronic underlying conditions are at risk of complications; therefore, they are advised to visit their family clinics to be vaccinated. The conference is addressing issues faced last year, such as increased child morbidity and hospital bed shortages, and discussing solutions. This year, the spread of influenza is starting at a lower activity level compared to the past two years. Additionally, the influenza virus has not yet been specifically identified. Warning: Media outlets (Television, Radio, Social, and Web pages) must cite their source (ikon.mn) when using our information in any form, fully or partially.

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TODAY: Food Safety Discussion to Take Place

Published: 2024-10-22 | Translated from: montsame.mn

Overview of some events scheduled for Tuesday, October 22: 09:00 AM: Various standing committees of the State Great Khural will meet. 09:00 AM: The Standing Committee on Environment, Food, and Agriculture of the State Great Khural will organize a discussion on "Food Safety and Pesticides-2024." 09:00 AM: At the “Holiday Inn” hotel: The results and report of the project "Strengthening the Employment Support System for Persons with Disabilities" will be discussed. Phone: 8800-8781. 09:00 AM: At the "Corporate Convention" center: The 11th National Flu Symposium will take place. Phone: 8964-7777. 02:00 PM: At the library of the National University of Mongolia: A training module on "Integrating Gender Equality in Legal Education Programs" will be presented. Phone: 9139-9149. The discussion meeting "Human Rights and Journalists" will also be held. Sports: In Tirana, Albania: The U23 World Wrestling Championship is ongoing. Our country is represented by 4 male and 8 female athletes. Follow @montsame.mn

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Mental Health Evaluation Required for Public Service in Mongolia

Published: 2024-10-22 | Translated from: unuudur.mn

When updating the application form for public servants, a section to determine if the applicant has a mental disorder has been included. As a result, those appointed to a permanent state position must attach a mental health evaluation to their application. Additionally, those registering a marriage must have a medical certificate confirming whether they have a mental disorder, according to a list from the General Department of State Registration. It has become a matter of necessity for us to ascertain our mental health status at various levels of social interaction over time. Otherwise, our country cannot fully "evaluate" the mental health of its citizens. However, officials from the Ministry of Health have begun to discuss that our mental health status is being determined based on the results of early detection. Have you completed a mental health questionnaire and received advice from a specialist during early screening? Most citizens would likely answer "No" to this question. For instance, when asking 20 people who underwent early screening in the past whether they filled out a mental health questionnaire, only one responded yes and mentioned having received medical advice. In other words, not all citizens who underwent early detection were given a questionnaire. The Ministry announced that a summary of the national early screening process, which included collecting mental health questionnaires and providing professional advice to those in need, is being compiled and will soon be published as a book. Important conclusions concerning changes in mental health are expected. This examination began nationwide on May 1, 2022. Since then, over one million people have been involved, and starting this year, citizens will be diagnosed for a second time. However, it was reported that only those who participated in the initial screening in 2022 completed the mental health questionnaire, while subsequent examinees' mental health was less of a focus. In short, it seems as though a nationwide summary on mental health will be released without having collected questionnaires from everyone, leading to suspicion. The World Health Organization's 2022 findings report that one in eight people worldwide suffers from some form of psychological disorder. This was the latest result from an international survey. In our country, this figure is twice as high, with one in four people having a mental problem according to a survey conducted 11 years ago in 2013. At that time, the Ministry of Health, the National Center for Mental Health, and the School of Public Health of the Health Science University of Mongolia conducted a national survey titled "Mental Health Status, Risk Factors, and Common Mental Disorders Surveillance." The survey revealed anxiety disorder rates of 18.4% and insomnia at 17.5% within the population. Furthermore, it concluded that one in five people suffers from anxiety, one in fifteen from alcohol addiction, and one in sixteen from depression. It is evident that these statistics have not improved since 11 years ago. Since then, the country has not conducted a comprehensive mental health diagnosis for its citizens up to the present day. Over time, due to social and current conditions, the mental health of citizens has faced numerous "attacks." Meanwhile, the sources used and followed by relevant professional organizations remain "outdated." As the foundational indicator is flawed, the mental health policy is also erroneous, leading to neglect of assistance and services. The WHO's 2022 report highlighted that countries have not prioritized mental health, conducted sufficient research, or invested in it, resulting in flawed support and services. In other words, it emphasized the need for research and analysis and improving services based on those. Our country must urgently conduct not only basic research but also other detailed analyses, as discussed by participants at the "Mental Health-2024" conference held on the 15th of this month. For example, doctors highlighted the need to conduct detailed research on mental health in the workplace and creating healthy work environments. Unfortunately, participants did not reach a resolution on when and how to conduct the research. There was no discussion of solutions either. The conference turned out to be a typical meeting, gathering many people and spending budget funds without any productive outcome. Every year, World Mental Health Day takes place on October 10th, which traditionally involves organizing just meetings and discussions. At other times, this topic is entirely forgotten. This is proof that our country has only "cared" about the mental health of the public through meetings, conferences, and consultations. Claiming to care for the mental health of citizens without clear direction can be equated to diving into a bottomless sea. From the actions and initiatives of relevant authorities, the Ministry, policymakers, and decision-makers, it feels exactly like this. For example, our country actually has a Mental Health Law. This law was updated and implemented in 2013, the same year the mentioned national survey was conducted. However, it has remained unchanged since then. It has not been well implemented, and it neither showed results nor met social needs and requirements, becoming obsolete. Additionally, the Public Health Support and Services Law was enacted by the Parliament in January of this year. Thus, it was stated that the quality, accessibility, and development of mental health support and services, in particular, will improve as never before, according to recent commentary from the Ministry of Health. When asked what will actually be done under this law, the Ministry revealed the establishment and operation of a National Public Health Council led by the Prime Minister. The Deputy Minister of Health is expected to be the Deputy Chairman. The guidelines for this council are currently being developed. In reality, there is no shortage of structures and organizations in our country. The council under the Prime Minister's chairmanship is likely redundant. Instead, the need to increase the capacities and human resources of relevant professional organizations is more significant. We even have a large organization like the National Center for Public Health working. However, without adequately allocating budgets to that center, it is hard to believe the development of the mental health sector will reach a new level simply by establishing a council with a similar name. Presumably, the absence of research is the reason why leaders are doing anything in such a manner. Globally, it is believed that mental health support and services should focus on the "lower level" rather than the "leadership class" to improve mental health services. Specifically, WHO advises countries to provide mental health support and services at primary units. For our country, this means that family and provincial hospitals should provide these services to the public. However, there is only one national center, the National Center for Mental Health, in operation. The center is always busy focusing on severe patients. Skilled doctors are leaving the center, creating a shortage of human resources as stated by the citizens who have been treated there. Although mental health doctors work in provincial and district secondary hospitals, they too are overwhelmed by their workload. Some provinces and districts do not even have mental health doctors. As a result, citizens primarily turn to private organizations and centers for advice. Having difficulty paying their fees, they end up seeking advice and help on social networks. Contrastingly, Japan can be named as the country most successful in implementing mental health support and services at the primary level. Citizens can access services and clarify diagnoses through the insurance at their desired hospitals. Treatments are also covered by insurance. They can also purchase medications at discounted prices if needed. While the WHO recommends creating such conditions, leniency here by forming a council from leaders is perplexing. Due to these reasons, the mental health of Mongolians has been neglected, leading us to frequently write on social networks that "it's time for everyone to check their mental health." Meanwhile, the Ministry and other relevant organizations act as if they don't see or know about it. In truth, they are supposed to conduct many studies, identify the main issues, and deliver necessary assistance and services to the most effective points, aren't they?

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Four Measures to Prevent Carbon Monoxide Poisoning

Published: 2024-10-22 | Translated from: gogo.mn

During winters in Mongolia, it's disheartening to hear about people dying from carbon monoxide poisoning. Fuels containing carbon, as they burn, produce some amount of carbon monoxide. To avoid carbon monoxide poisoning, it's crucial to take the following precautions: First, living in a house with central heating can eliminate the risk of carbon monoxide poisoning. This is advised because raw coal, firewood, and improved fuels all produce carbon monoxide to some extent when burned. Therefore, installing a carbon monoxide detector is advisable. Second, if your home is heated by burning fuel, placing your stovepipe outside the house can prevent carbon monoxide buildup. It's favorable if carbon monoxide is not present in the air we breathe. Third, if you are using a stove in your home, it's important to have good ventilation. Burning raw coal and improved fuels is a process that consumes the oxygen in the air we breathe. Fourth, it's necessary that the stovepipe technology meets the standards. Since carbon monoxide is slightly lighter than air, it should preferably exit straight through the chimney rather than mixing with the air we breathe. Carbon monoxide is always produced to some extent when fuel burns. Mongolia has four seasons, so winters are known to be cold and snowy. To get through the harsh winter, we need to live in a warm and comfortable space. To keep homes and shelters warm, there is a need to light fires or connect to central heating. While homes connected to central heating do not require fire, residents of ger districts need to light stoves for warmth. We commonly use coal as fuel in household stoves to create heat and cook food. The primary component of improved fuels and raw coal is a substance known as carbon. Carbon burns with the help of the oxygen present in the air to produce carbon dioxide and a large amount of heat. Carbon dioxide in the air is generally not harmful to humans. This is because we breathe in oxygen and exhale carbon dioxide. Car engines emit carbon dioxide and it's also used to carbonate drinks like Coca-Cola. How does carbon monoxide form? Carbon monoxide is a single carbon oxide, or carbon monoxide. It forms when carbon-containing fuels like coal or improved fuels burn in low-oxygen conditions, leading to incomplete combustion. Consequently, when burning raw coal or improved fuels, carbon monoxide is produced to some extent. Especially in poorly ventilated, enclosed spaces, the minimal oxygen available is consumed, causing carbon monoxide formation. We use this oxygen for breathing and metabolic processes, just as it helps fuel to burn. If we breathe air containing carbon monoxide, carbon monoxide will enter the lungs and bind with hemoglobin rather than the oxygen present from the air. How does carbon monoxide poisoning occur? Normally, the oxygen in the air binds with hemoglobin in red blood cells, travels through the bloodstream, reaches the tissues, and participates in metabolism, ensuring normal functions. However, carbon monoxide binds with hemoglobin, forming carboxyhemoglobin, which cannot bind with oxygen. Carbon monoxide enters the bloodstream and binds with hemoglobin 240 times more effectively than oxygen. Therefore, even a small amount of carbon monoxide can outcompete oxygen for binding. With fewer hemoglobin molecules available to transport oxygen, tissues risk oxygen deprivation. This means the structure of the red blood cells that carry and transport oxygen binds with carbon monoxide instead. As a result, reduced oxygen reaches the brain and heart, leading to carbon monoxide poisoning. What are the symptoms of carbon monoxide poisoning? Often individuals mistake carbon monoxide poisoning symptoms for viral infections. Oxygen deprivation to the brain causes dizziness, headaches, vomiting, nausea, fatigue, and weakness. Oxygen deprivation to the heart causes arrhythmias, chest pain, vomiting, and shortness of breath. In severe cases, unconsciousness and seizures may occur, becoming life-threatening. Carbon monoxide poisoning initially presents neurological symptoms such as headaches, nausea, dizziness, drowsiness, vomiting, and coughing. Cardiovascular symptoms include chest pain, difficulty breathing, sore throat, and eye irritation. These symptoms are accompanied by a history of using fuel in enclosed spaces, and family members experiencing similar symptoms. If brought to a poisoning center or large hospital, the level of carboxyhemoglobin (COHb) can be measured to assess the degree of carbon monoxide poisoning. It's worth noting that symptoms of carbon monoxide poisoning can be confused with the flu. Symptoms like headaches, fatigue, shortness of breath, and nausea are common to both flu and carbon monoxide poisoning. Increasing public health education and timely intervention are essential, along with seeking medical advice when necessary. What measures should be taken if poisoned by carbon monoxide? Treatment depends on the extent of carbon monoxide poisoning, but the primary treatment is providing oxygen. If carbon monoxide poisoning is suspected, it's crucial to leave the contaminated area to access fresh air, stay hydrated, and keep warm. If clinical symptoms arise, seek medical attention. To prevent carbon monoxide poisoning, individuals are advised to install carbon monoxide detectors at home, ensure good ventilation, and clean chimneys and stoves to allow smoke to escape freely. Prevent heat loss in winter by sealing windows and doors, but ensure regular air exchange to avoid carbon monoxide buildup. This information aims to enhance public health literacy, drawing from sources like Harvard Health Publishing.

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Severe Spinal Curvature and Congenital Limb Deformities in Children Now Treatable in Mongolia

Published: 2024-10-22 | Translated from: montsame.mn

The number of people visiting the National Center for Traumatology and Orthopedics with the diagnosis of "Spinal Curvature" has been increasing in recent years. For instance, in 2019, 150 people had this diagnosis, but last year, that number increased 3.5 times to 554, with 18 surgeries performed. Additionally, experts noted a tendency for increased diagnoses and surgeries for severe congenital deformities of the upper and lower limbs in children at the center. Therefore, to introduce and localize treatments for these conditions, which were previously listed as untreatable in Mongolia, medical teams from GSSUT are set to travel to hospitals in South Korea and China for training. The "Ansan" hospital of Korea University in South Korea, where the training for surgical treatment of severe spinal curvature will be conducted, is associated with a world-leading medical research institute. It develops an industrialization platform based on cooperation among industries, universities, research, and medical institutions, and it leads the domestic health and medical technology sector. Meanwhile, the "Bucheon" hospital of Soonchunhyang University has a tomography treatment center, which is very rare in modern clinical centers. By participating in the training, doctors will be able to perform surgeries for congenital and idiopathic severe curvatures of the cervical, thoracic, and lumbar spine in their home country. Additionally, other spinal surgeries will incorporate the "O-Arm and Navigation system." The doctors will also learn surgical treatment methods and techniques for severe congenital deformities of the upper and lower limbs in children, as well as the surgical treatment of malignant and benign bone tumors in children.

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Arts

A Historical Book from the Mongol Khans' Era is Newly Translated in Iran

Published: 2024-10-22 | Translated from: isee.mn

In Tehran, Iran, the illustrated book 'The Great Mongol Shahnameh,' one of the ancient Persian literary relics, was published in modern Persian. The 'Shahnameh,' originally penned by the famous Persian poet Hakim Abul-Qasim Firdausi Tusi, inspired the book 'Great Ilkhanid Shahnameh,' which is also known as 'The Great Mongol Shahnameh' or 'Demotte Shahnameh.' This book depicts the era from the ancient Persian kings to the period when the Ilkhanid State, part of the Mongol Empire, ruled over present-day Iran. Prominent collector and scholar Abolala Soudavar, along with colleagues, created an explanatory companion book, and it was inaugurated at Iran's National Malek Library and Museum.

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Today's Stories

Politics

Economy

Diplomacy

Infrastructure

Society

Environment

Innovation

Health

Arts

Politics

Chairman and Members of the Standing Committee on Security and Foreign Policy Visit the Ministry of Defense and General Staff

Chairman D. Amarbayasgalan Participates in the Working Group Meeting to Improve the Law on Protests and Assemblies

Tax Investigators to Re-decide Case of Bribery by Xinjiang Xinfang's Director

S. Erdenebold Elected as the Chairperson of the Human Rights Subcommittee

Ministers Allocate Additional Budget to Long-Running Projects

O. Nomintsetseg: Why did the budget for the judiciary enforcement agency increase by 6-7 times or 489%?

B. Purevdorj: They are discussing budgets of trillions for meetings and seminars. Where has the MPP developed Mongolia with these seminars?

Meet the New Governors of the Provinces

Economy

India Seeking Ways to Import Mongolian Coking Coal

Reducing the Number of Financial Market Regulations to Create a Favorable Business Environment

299 million USD supplied to commercial banks

Mongolbank Participates in International "Sibos 2024" Event

Strategically Important State-Owned Companies and Enterprises to be Made Publicly Traded

What is Political Economy?

Implementing a Scoring System Could Reduce Loan Interest Rates by 30%

Bank of Mongolia Participates in International “Sibos 2024” Event

DARHAN-UUL: Housing Prices Rose 7% Compared to Last Year

Is it possible to make transactions without fees?

Organizations Paying the Most to Terelj Sukh LLC Associated with Minister of Culture Ch. Nomin

Diplomacy

The President of Mongolia, U. Khurelsukh, is Participating in the BRICS Summit

South Korean Specialists to Observe North Korean Troops' Tactics in Ukraine

Infrastructure

Direct Flights from Mongolia to Rome, Milan, and Venice in Italy Announced

Discussing a $431 Million Loan for the Oil Refinery Project

Tavantolgoi Fuel LLC: Sufficient Supply of Briquette Coal Raw Material Midling

Tavantolgoi Fuel LLC: Sufficient Stock of Raw Materials for Coal Briquettes Continues to Be Available

O.Batshimeg: The initial price for land auction is set at 140,800 MNT per square meter in the central area and 220 MNT in remote areas

Society

"Mongolia Day" Event at IMARC-2024 Expo

Is there the courage to stop the 4.2 trillion loss in the Social Insurance Fund?

Trainers for Employing People with Disabilities Have Been Prepared

Trainers for Financial Education Prepared in Local Areas

L. Enkh-Amgalan: We will develop alternative care services for the elderly and support the involvement of the private sector and NGOs

Environment

Mongolian Nature Legacy Foundation (MNLF) Appoints Nomindari Enkhtur as CEO

The Legacy Landscapes Fund to Provide Annual Funding for the Protection of Onon-Balj National Park

An Annual Funding of One Million USD for the Conservation of Onon-Balj National Park

Agricultural Corporation and Agricultural Exchange Relocated to Darkhan Province

Evaluation of the "Conserving Biological Diversity and Adapting to Climate Change" Project Underway

Innovation

Collaborating with EBRD to Enhance the Digital Economy

Mineral Processing-2024 International Scientific Conference to Be Held on Friday

E. Batshugar: Don't Compare the National Satellite to Starlink's Internet

"UBCab" Online Taxi Service Partners with "Petrovis" Group to Upgrade Driver Reward System

Health

Vaccination of High-Risk Groups is Approximately 80% Complete

TODAY: Food Safety Discussion to Take Place

Mental Health Evaluation Required for Public Service in Mongolia

Four Measures to Prevent Carbon Monoxide Poisoning

Severe Spinal Curvature and Congenital Limb Deformities in Children Now Treatable in Mongolia

Arts

A Historical Book from the Mongol Khans' Era is Newly Translated in Iran

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