Mongolia News Summary for September 09, 2024

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

Today's Stories

Politics

• VIDEO: The Democratic Party Demands To Reject Registration of Candidates Due to Orkhon Province's MPP Violation
• An Apology from Deputy Head of NPA N. Munkhzul to Citizen B. Tegshjargal Detained During V. Putin's Visit
• Kh. Nyambaatar: We Will Remind the Public Every Day About All the Series of Cases Since "Jenko's" 17 Containers of Spirits
• Kh. Nyambaatar: "I Will Remind and Inform the Public of All the Series of Cases Following Jenco's 17 Containers of Spirits Case"
• T.Battsogt: The DP has nominated people who can be the voice of the people against the billionaires born from the MPP government /VIDEO/
• Kh.Nyambaatar and T.Battsogt to Lead "Battle" in the Capital

Economy

• The exports exceeded imports by $3.1 billion in the first eight months of the year, resulting in a favorable foreign trade balance
• D.Tsogtbaatar: Operations of National Investment Bank and Chinggis Khaan Bank have Halted
• The Role of Public and Private Sector Collaboration in Developing SMEs is Crucial
• D.Amarbayasgalan: Loan Interest and Accessibility are a Real Burden for Entrepreneurs
• WARNING: Counterfeit Currency Found Among Money Transactions in Commercial Bank Sector
• Chinggis Khan to Claim Over 130 Billion MNT for Social Insurance Fund from Capital Bank
• Insurance Premium Revenue Increases by More Than 50 Billion MNT
• WARNING: Counterfeit Currency Found in Citizens' Transactions at Commercial Bank Branches
• 256 Thousand Tons of Coal Traded on the Exchange
• Fake Currency Discovered in Money Circulated by Citizens at a Commercial Bank
• The Majority of the 495 Billion MNT Loans to Cooperative Herders Issued by the State Bank
• 8188 Households Have Taken a Mortgage Loan This Year

Diplomacy

• Chinese Vice President Han Zheng Visits
• Visit of Vice President Han Zheng from the People's Republic of China Concludes
• PHOTO: China's Vice President Han Zheng Welcomed in Central Square
• China Expresses Readiness to Develop Stable Relations Between the Two Countries

Infrastructure

• If there is a place where the curb was replaced but the road was not repaired, I will resign
• The Prime Minister Proposes to Expedite Infrastructure and Energy Projects and Establish a Water Port Based on Lake Buir
• Traffic Police Authority: Need to Improve Legal Framework and Registration for Scooter and Bicycle Use
• The Following Roads Are Being Closed and Renovated
• A Leading Chinese Company Will Launch a 50 MW Battery Station on November 30 This Year
• The Road to Tolgoit is Closed
• The Road from Geser Temple Intersection to Bayangol Circle Repaired and Opened to Traffic
• A New Road and Pedestrian Path to be Built Behind “Naran Tuul” Trade Center
• Proposal to Build a Water Port and Develop Cross-Border Water Tourism at Lake Buir

Society

• Deputy Mayor Instructs to Improve School Food Production Equipment
• 59% Did Not Support Restricting Car Movement Based on License Plate Numbers
• A fee of 5000 Tugriks is being imposed on local vehicles
• The Police Report on the Search for the 21-Year-Old Citizen B. Nandin-Erdene Who Escaped from the National Mental Health Center
• The Voting on Odd-Even Traffic Restrictions Ends Tomorrow
• The Second Stage of Kindergarten Registration is Ongoing
• Poll Shows 59% of Participants Do Not Support Vehicle Plate Restriction

Innovation

• In the Virtual Zone, Apart from Tax Benefits, Eight Types of Support Will Be Provided
• It is Important to Be Sensitive to Human Rights When Updating Textbooks

Health

• People to Register at Family Clinics for Early Screening
• Doctor A. Suvdaa "Saves the Life of a Foreign Woman Who Fell Ill on a Plane"

Politics

VIDEO: The Democratic Party Demands To Reject Registration of Candidates Due to Orkhon Province's MPP Violation

Published: Fri, 06 Sep 2024 | Translated from: isee.mn

The Democratic Party held a press conference demanding the rejection of candidate registration because the Orkhon Province branch of the Mongolian People’s Party (MPP) violated the law.

According to the election law, parties must finalize their candidates by September 2. However, the MPP of Orkhon Province selected their candidates on the following day, September 3, which is a serious violation of the law. Therefore, it appears that the Orkhon Province MPP will not be able to participate in this local election, thus the law must be enforced and candidate registration should be denied, as was reported.

An Apology from Deputy Head of NPA N. Munkhzul to Citizen B. Tegshjargal Detained During V. Putin's Visit

Published: Sat, 07 Sep 2024 | Translated from: isee.mn

During the visit of Russian President V. Putin, some citizens expressing opposition were detained for allegedly violating a "designated protection zone." Among them, B. Tegshjargal, who protested with a sign saying "Oppose V. Putin. Stop the war," was temporarily detained by the police.

B. Tegshjargal began a sit-in discussion at Sukhbaatar Square. Later in the evening, Deputy Head of the General Police Department, N. Munkhzul, met with B. Tegshjargal at the square to formally apologize on behalf of the police department.

On his Twitter account, Deputy Head N. Munkhzul stated, "During the protective arrangements for the state visit, we officially apologize for the violation of citizen B. Tegshjargal's rights by the police. We will ensure accountability for the responsible management officer who organized the protection."

Kh. Nyambaatar: We Will Remind the Public Every Day About All the Series of Cases Since "Jenko's" 17 Containers of Spirits

Published: Sat, 07 Sep 2024 | Translated from: ikon.mn

Today, Mayor Kh. Nyambaatar met with the leaders of road companies.

During the meeting, he provided information on the issue regarding road curbs, which has been the subject of criticism on various social media platforms recently.

He stated: "As of today, 31 companies are working on road repair and renewal in Ulaanbaatar city. Criticism has arisen accusing the heads of road companies of collaborating to 'consume' the curb and operate like a mafia. From now on, the city of Ulaanbaatar will not replace curbs when renewing roads unless they are severely deteriorated. Only the worn-out parts will be replaced.

The curbs removed from the roads will be classified into two categories: first-grade quality, and second-grade for those that are worn out. Additionally, there will be no comprehensive curb renewal in Ulaanbaatar. Only the worn-out sections will be renewed. I want to say to the citizens of Ulaanbaatar that a plan has been made to complete covering the main roads of the city for over 400 billion tögrögs. This goal will be achieved by October.

Next year, while updating the roads within neighborhoods, the curbs collected as good by the road companies will be reused. Ulaanbaatar city will not allocate additional funds in its budget for new curbs next year.

The Democratic Party is nominating a slew of young Jenkos. There are kids who go here and there to host live shows with no rhyme or reason. Professionals need to speak up about this. The Democratic Party nominated 20 to 30 individuals who have never worked, having been paid to do things since childhood.

You'll be baited by them. The young Jenkos will do nothing. With no experience, these kids are getting together to run for the City Council intending to hinder the country's development with theft and deceit.

Starting today, I will address Jenko with daily updates. I will inform the public about the series of thefts carried out by Jenko. If some young rogues are being incited ahead of the real doers, actions will be taken to remind the public and call upon law enforcement agencies regarding all the series of cases since the 17 containers of spirits by mafia leader Jenko."

Kh. Nyambaatar: "I Will Remind and Inform the Public of All the Series of Cases Following Jenco's 17 Containers of Spirits Case"

Published: Fri, 06 Sep 2024 | Translated from: isee.mn

The city's mayor, Kh. Nyambaatar, and relevant officials worked at the 14th khoroo of Bayanzurkh district, the northern part of Narantuul market, and the vicinity of Khaltwart, where complaints and information frequently come from citizens.

During this time, Mayor Kh. Nyambaatar stated, "Recently, because the election is approaching, young 'Jenco supporters' who do a lot of lives are running. There are some crazy young people who go live here and there. On this, professionals should speak out themselves. A few people who've never worked and have been blackmailing and going live since childhood have been nominated. They are becoming bait for the road sector people. They rush and go live while sidewalks are being repaired.

Young Jenco supporters will do nothing. These people only do fraud, blackmail, and pull the country's development back. Some young people are running for the city council election. They degrade every job people do. They just went live during the renovation of the line road. None of the lot traverses without waiting for the lot to dry while casting it anew. Such people ruin the country. They defame everyone who is doing something productive and always steal, without doing anything themselves.

From today I will publish Jenco's theft and fraud step by step. If you provoke young robbers against people who are working, I will remind and inform the public of all the series of cases following the 17 containers of spirits case in a political manner," he said.

T.Battsogt: The DP has nominated people who can be the voice of the people against the billionaires born from the MPP government /VIDEO/

Published: Fri, 06 Sep 2024 | Translated from: isee.mn

Political parties have announced and made public their nominees for the Ulaanbaatar City Council (UPC) election. In this UPC election, the city will be led by MPP's Mayor Kh.Nyambaatar, while the DP will be led by the party's committee chairman T.Battsogt. Attention is being drawn to the candidates who are nominated by the DP in this UPC election. Therefore, we invited the Chairman of the DP of the capital, T.Battsogt, to the 36th episode of our program "LINE" to discuss the DP's nominations and local elections.

Hello! First of all, thank you for accepting our invitation. The upcoming election may lead to changes in the leadership of Ulaanbaatar City, which has been governed for the past eight years. This time you will be leading the DP into the election. I was surprised by one thing you announced on September 1st, which was the submission of a draft law called "September 1st" to the State Great Khural (SGK) by members elected from the DP. Was this a publicity act ahead of the local elections?

The draft law is aimed at drawing attention like yours from many people. The main content of the draft law is the development of Mongolian children. Our country has laws on child rights and development. However, their implementation is not very satisfactory.

Children do not vote in elections, so they seldom capture the attention of leaders, and issues are often not addressed. Therefore, the main content of the above law concerns developing children in their non-school time. There is no need to necessarily link it with elections.

Welfare in Mongolia is not lacking. However, from your press conference, I understood that you plan to give children a card with 30,000 tugriks, which they can use for classes and activities. What can you achieve with 30,000 tugriks today?

A monthly amount of 30,000 tugriks for 120 children is not that little. But this is only the beginning. Our country has a sufficiently large budget. This can be increased further.

During the upcoming 2024 elections, you met with former President Kh.Battulga and mentioned that he eliminated loans while he was president. Now, there is a need to zero out herders' loans again. Some people say you are one of Kh.Battulga’s men. Are you?

The DP has many factions. One of them is MoAH, led by Kh.Battulga. I am a member of MoAH. Society needs to thoroughly understand the concept of the party.

We chose democracy in 1990. However, we are being governed by a central-left party with over 100 years of history, which is really inappropriate.

In the UPC elections, former president Kh.Battulga’s youngest brother Kh.Battuul’s brother Orgilbat, "Meat Impex" branch director B.Badmaa, "Bread and Confectionery" financial director B.Burmaa, along with the singer and friend of his son B.Batchishig, are running for election, right?

If you relate everything, everything will seem connected. We have internal criteria. First, one must be a party member. Why can't a business representative, a people's representative, run? It's open. There's no need to limit someone who wants to represent citizens. If they meet the criteria, it's open.

Your competitor Kh.Nyambaatar mentioned nominating those who studied abroad and are experts for the UPC. When looking at the DP’s nominees, there are known personalities like live streamer D.Munkh-Erdene, O.Otgontugs, and Enkhzorig among others. Why did you nominate such people?

These people have been speaking boldly and honestly on urban and national issues on behalf of the citizens. Such individuals should be elected to the UPC, not billionaires from state organizations. Professional specialists should work in their fields and should not sit in a chamber representing citizens. Our party has nominated people capable of being the voice of the citizens and providing real oversight. The DP has plenty of skilled personnel.

Your DP is part of the coalition government. The chairman of the DP is a deputy prime minister, and some members are cabinet ministers. Can your city DP compete with the MPP under such circumstances?

A real competition will be conducted. We watched for eight years but nothing changed. I simply can't understand replacing curbs to reduce traffic congestion. I am genuinely surprised. Changing curbs is not the primary task to be done first.

The DP contested in elections by presenting its platform. Citizens voted, hoping this platform would be realized. Therefore, the joint government has initiated the platform without disappointing those who supported us. 80% of our party’s platform is included in the joint government's platform.

Last winter, City Mayor Kh.Nyambaatar implemented an even-odd system for cars. I regret that some Mongolian citizens supported him. It also mandated that vehicles from rural areas parked for more than 48 hours in Ulaanbaatar must pay 5000 tugriks per day thereafter. Mongolian citizens have the right to own movable and immovable property under the Constitution. The government is required to provide a healthy and safe environment. Did you vote on this resolution?

I avoided attending that session to answer a question like this as a UPC representative. However, I participated in the entire process before the session when the resolution was made. When opposing unsuitable issues, they say we don't allow work and politicize. But problems are solved too administratively. Now, they are discriminating between Ulaanbaatar and rural areas. They implemented a "Happy Ulaanbaatar" program and evaluated it to be 90% implemented by the MPP. Only MPP authority leaders live happily in this city.

Thank you for coming upon our invitation.

Kh.Nyambaatar and T.Battsogt to Lead "Battle" in the Capital

Published: Sun, 08 Sep 2024 | Translated from: news.mn

The "News" agency summarizes the significant events that occurred in the political and social life of Mongolia over the past week.

The regular election of representatives for provinces, capital, soums, and district citizens will take place on October 11, 2024. According to the law, candidates for the local elections were selected between August 27 and September 3.

The local election in the capital, where nearly 50% of the population resides, is not only the hottest point of political battles for political parties but also a crucial day for voters to make a historic choice of which political force they will trust to lead Ulaanbaatar city for the next four years.

The main competition of this year's Capital City Citizens' Representative Council election is set to be between the MPP and the Democratic Party, with each party fielding 45 candidates.

The candidates running for the MPP in the Capital City Citizens' Representative Council elections will be led by Ulaanbaatar city's mayor Kh.Nyambaatar, while the candidates for the Democratic Party will be led by Capital City Citizens' Representative Council representative T.Battsogt.

Kh.Nyambaatar announced that he has nominated the best engineers, economists, and lawyers to take the lead in Ulaanbaatar's development and construction, while T.Battsogt stated that a team led by engineers would compete in the local elections. Although official election campaigning has not started yet, it can be said that the "battle" between these two parties has already begun.

Ulaanbaatar mayor Kh.Nyambaatar expressed criticism about the Democratic Party's candidates, who have been engaging in negative PR, distorting public perception, and announced he will respond daily.

Yesterday, he stated, "The Democratic Party has nominated a bunch of influencers and live-streamers. Some are mentally unstable kids who never worked, have blackmailed people for money since childhood. They have nominated 20-30 people like this. Young influencers won't do anything. These people, engaged in fraud and blackmail, are running for the capital's election. They stand in front of the heating pipe renewal site and stream live. Such people are ruining the country. They blacken everyone who is working and doing nothing themselves, just stealing. I will daily inform the public about the fraud committed by these kids and the 17 containers of Jenco's spirit case from the mafia leader Jenco, emphasizing every case over the last 30 years, as a political statement and remind the public, employing legal measures."

Russian President V. Putin made an official visit to Mongolia on September 2-3.

This year marks the 85th anniversary of the Khalkh Gol battles, the 75th anniversary of the establishment of the "Ulaanbaatar Railway" joint Mongolian-Russian society, and the five-year anniversary of the signing of the Treaty on Friendly Relations and Comprehensive Strategic Partnership between Mongolia and Russia. The visit aimed at bolstering the traditionally historical relations to a new level, during which the heads of the two states held official talks, agreed to expand and develop cooperation in sectors such as energy, oil, and the environment, and relevant documents were signed by government ministers.

For instance, the Minister of Energy B.Choijilsuren and Russian Minister of Energy S.Ye.Tsivilev signed an intergovernmental agreement on drafting a project for expanding and renewing Thermal Power Plant III. This includes expanding the high-pressure part of the Thermal Power Plant III, which provides 32% of Ulaanbaatar city's heating consumption, with a 50 MW block station and dismantling the 48 MW medium-pressure block station, replacing it with a new 250 MW block station upon which project design and engineering research will be conducted.

The Ministers of Industry and Mineral Resources of Mongolia, Ts.Tuvaan, and Russian Minister of Energy S.Ye.Tsivilev signed an agreement on cooperation in supplying petroleum products. As a result of the agreement, cooperation in the oil sector between Mongolia and Russia will deepen, providing the possibility of uninterrupted and stable supply of petroleum products from Russia. Our country imports 100% of its petroleum products, approximately 95% of which comes from Russia. In 2023, Russia imposed restrictions on fuel exports due to the domestic market conditions, exempting the countries with trade cooperation agreements in petroleum products and member states of the Eurasian Economic Union from such restrictions.

During the talks, President U.Khurelsukh noted the progress of constructing the Eg River Hydropower Plant as a result of joint efforts from both sides, emphasizing that a joint working group will be established to comprehensively address the environmental impact issues of the Eg River project and appreciated the arrangement of a Memorandum of Understanding.

At the invitation of the Government of Mongolia, Chinese Vice Prime Minister Han Zheng visited Mongolia from September 6-8. This visit is distinguished by being conducted in the framework of the 75th anniversary of the establishment of diplomatic relations between Mongolia and China, previously marked by a visit from Chinese Vice Prime Minister Wang Qingshan on the 70th anniversary of diplomatic relations.

Prime Minister L.Oyun-Erdene held official talks with Chinese Vice Prime Minister Han Zheng at the State Palace on September 7, 2024. During the meeting, Prime Minister L.Oyun-Erdene expressed the intention to strengthen bilateral cooperation as outlined in the New Government's action plan, focusing on economic policy, regional development policy, human development policy, and enhancing the connectivity and throughput capacity of ports between the two countries, establishing legal frameworks for agricultural products, petroleum, explosives, and dangerous chemicals, and developing cooperative projects in renewable energy, industry, science, technology, and humanitarian areas.

In 2022, the heads of the two states set a target to increase bilateral trade to $20 billion. As of last year, the trade volume reached $17.6 billion, reflecting active bilateral cooperation. Prime Minister L.Oyun-Erdene mentioned that connecting the Gashuunsukhait-Gantsmod port by railway is a mutually beneficial strategic issue for the two countries and expressed the desire for China to collaborate on the rail border connection projects such as Shiveekhuren-Sehe, Choibalsan-Bichigt, Bichigt-Zuunkhatawuch, Khangi-Mandal, and requested acceleration of these projects. He also suggested collaborating with China on projects to construct a metro and ring road project in Ulaanbaatar city. Furthermore, as part of energy sector reform, he suggested jointly implementing renewable energy projects and mentioned a proposal to establish a special loan agreement for the Erdeneburen Hydropower Project soon.

The sides agreed on a new list of projects for the "Program to Establish an Economic Corridor of Three Countries," expressing their desire to expedite the construction of the "Economic Corridor" without delay. Additionally, Prime Minister proposed developing water tourism across borders and establishing a water port based on Lake Buir, planning to build a 4C-grade airport near Lake Buir. This project could be a key factor supporting the "Tea Road" program promoting transboundary tourism between Mongolia, China, and Russia.

Vice Prime Minister Han Zheng emphasized China's readiness to cooperate closely with Mongolia in increasing mutual political trust, intensifying practical cooperation, and enhancing friendship and exchange between peoples. He also highlighted the need to accelerate infrastructure and energy projects proposed by Prime Minister L.Oyun-Erdene.

Economy

The exports exceeded imports by $3.1 billion in the first eight months of the year, resulting in a favorable foreign trade balance

Published: Fri, 06 Sep 2024 | Translated from: ikon.mn

In the first eight months of the year, the export value exceeded the import value by $3.1 billion, leading to a favorable foreign trade balance.

Based on the customs declarations of 503,045 exports and 267,103 imports, and other sources, the General Customs Office reported the execution of foreign trade for the first eight months of 2024.

The total foreign trade turnover for the first eight months of 2024 reached $18.1 billion, which is an increase of $2.2 billion or 13.6% compared to the same period in 2023. The export value surpassed the import value by $3.1 billion, resulting in a positive foreign trade balance.

D.Tsogtbaatar: Operations of National Investment Bank and Chinggis Khaan Bank have Halted

Published: Fri, 06 Sep 2024 | Translated from: gogo.mn

Member of Parliament D.Tsogtbaatar met with the management of the Bank of Mongolia today to express his position. He stated, "The central bank needs to conduct a thorough assessment of the asset quality when dealing with commercial banks. Poorly conducted assessments lead to problems within banks.

For instance, the operations of the National Investment Bank and Chinggis Khaan Bank have come to a halt, yet no accredited representative is appointed, nor is bankruptcy declared, while the funds of the Health and Social Insurance Fund are still deposited there. I urge them to work responsibly in this area," he said.

The Speaker of Parliament, D.Amarbayasgalan, also spoke. He highlighted that Parliament should be able to confidently rely on the policies and decisions issued by the Bank of Mongolia. It is essential to monitor how well commercial banks are fulfilling their legal obligations and how they are upholding fairness.

In other words, about 80 percent of the total loans provided by commercial banks are allocated to urban areas, while less than 20 percent are extended to rural areas. Additionally, the operation of banks can be evaluated from various indicators, such as the proportion of commercial bank loans that are consumer loans versus investment loans.

Furthermore, the government should not sit idly by as citizens endure high-interest loans to sustain their lives. To address these issues, legal changes will be made. Instead of profiting from high-interest rates, banks should prioritize offering opportunities to citizens under principles of fairness. Therefore, the Bank of Mongolia was tasked with studying the possibility of reducing loan interest rates at the policy level and reporting to Parliament, according to the Press Office of the State Great Hural.

The Role of Public and Private Sector Collaboration in Developing SMEs is Crucial

Published: Fri, 06 Sep 2024 | Translated from: news.mn

A meeting with women entrepreneurs focused on small and medium enterprises (SMEs) under the theme "Practical Ulaanbaatar" was held. The Deputy Mayor of the capital city, H. Nyambaatar, the Vice Mayor L. Khosbayar, and over 200 women entrepreneurs from the SMEs sector participated in the event.

Representatives of female entrepreneurs in small and medium businesses in Ulaanbaatar discussed and identified the issues facing the business sector and exchanged solution proposals and ideas.

During the meeting, city mayor H. Nyambaatar stated, “To enhance the economic capacity of small and medium-sized business owners, we are focusing on increasing exports and developing import-substituting production. When it comes to exports, factors such as production capacity and international quality standards directly affect the situation, so we are working on phased improvements over a longer period. However, to achieve tangible results in a shorter time frame, it is important to implement projects and measures aimed at replacing imports and meeting domestic needs. Economically, to develop the SME sector, a model where only the public sector or the private sector grows independently does not exist in many countries. To diversify our economy and enhance the competitiveness of small and medium businesses, collaboration between the government and private sector is essential. Developing a standard cluster model for a particular sector and applying it to milk, meat, and intensive agriculture sectors can fully meet the capital's needs. In this, collaboration between the public and private sectors, particularly involving large enterprises in the sector, is most crucial."

Women entrepreneurs raised issues such as tax problems, sales points, labor shortages, equipment support, and conditions of SME loans. Mayor H. Nyambaatar tasked the relevant authorities with addressing manufacturers' concerns within his scope and examining other issues for resolution.

D.Amarbayasgalan: Loan Interest and Accessibility are a Real Burden for Entrepreneurs

Published: Fri, 06 Sep 2024 | Translated from: gogo.mn

The Speaker of the State Great Khural D.Amarbayasgalan, alongside members of the parliament P.Batchimeg, M.Mandkhai, E.Batshugar, D.Enkhtuvshin, and D.Tsogtbaatar, visited the Bank of Mongolia. The meeting was attended by Governor of the Bank of Mongolia B.Lkhagvasüren and other officials of the bank.

The Speaker emphasized that the central bank should focus on establishing stability and fairness in the financial market and banking sector. Specifically, he indicated that the loan interest rates and accessibility in commercial banks are becoming a real burden for citizens and entrepreneurs, suggesting it is time to revisit the implementation and outcomes of monetary policy.

Moreover, he expressed concern that although inflation levels and causes are being accurately identified, prices are not decreasing, urging policymakers to pay attention. The aim is to implement a monetary policy that is favorable to citizens, supportive of entrepreneurs, and aligned with the market. Mongolia currently regulates social relations with 880 laws and 2,768 regulations registered by the Ministry of Justice and Internal Affairs, which replace laws.

In other words, 32% of social relations are organized by laws, while 68% are regulated by regulations. This has led to a situation where people are evaluated by their position and appearance, creating groundwork for bureaucracy, corruption, and illegitimate activities. The Bank of Mongolia operates under 7 laws and approximately 60 regulations.

Following this, participating members of parliament posed questions and shared their opinions with the management of the Bank of Mongolia.

WARNING: Counterfeit Currency Found Among Money Transactions in Commercial Bank Sector

Published: Fri, 06 Sep 2024 | Translated from: isee.mn

Counterfeit foreign currencies have been detected among the money notes circulated by citizens in a branch of a commercial bank operating in Ulaanbaatar city.

Specifically, on September 2nd and 3rd of this year, the Hang Bank branch in Songinokhairkhan district reported two cases to the police authority claiming that "counterfeit Chinese banknotes were discovered." During this time, individuals identified as O and D, while being serviced by the bank, were found to have ten pieces of counterfeit 100 yuan bills, marked with a particular series number, relating to which investigation is currently being conducted. Therefore, the police authority advises commercial banks, citizens, as well as small and medium-sized business owners, to prevent such types of crimes by verifying the security features of banknotes.

According to the Mongolian Criminal Code, individuals found to have forged or used counterfeit money and securities will incur legal responsibility. As per Article 18.7 of the Criminal Code, regarding counterfeiting cash, securities, or payment instruments:

• Producing, knowingly holding, using, transporting, or disseminating counterfeit securities, credit cards, other payment instruments, excise stamps, and financial documents will lead to a fine equivalent to five thousand four hundred to twenty-seven thousand currency units, or imprisonment for a term of one to five years.
• Counterfeiting, knowingly using, keeping, transporting, or disseminating counterfeit national or foreign currencies used as payment instruments in Mongolia will result in imprisonment for a term of two to eight years.
• If this crime was committed by an organized criminal group, imprisonment for a term of five to twelve years will be imposed.
• If the crime was committed in the name of a legal entity or for the benefit of a legal entity, the legal entity will lose the right to certain activities and will be fined an amount equivalent to one hundred twenty thousand to four hundred thousand currency units.

Chinggis Khan to Claim Over 130 Billion MNT for Social Insurance Fund from Capital Bank

Published: Sun, 08 Sep 2024 | Translated from: news.mn

Due to placing the monetary assets of the Social Insurance Fund in unreliable banks, over 200 billion MNT of the insured people's funds are at risk. Despite efforts by the ministers responsible for the sector since 2019 to recover this money, only a small portion has been retrieved.

The Minister of Families, Labour, and Social Protection, L. Enkh-Amgalan, conducted the first meeting of the National Council of Social Insurance, where information regarding the claims against Capital Bank and Chinggis Khan Bank was heard. A decision was made to approach legal authorities.

Initially, a court decision in 2019 ordered Capital Bank to pay back 104.2 billion MNT. As of August 24, 2024, 36.9 billion MNT has been settled, leaving a balance of 67.3 billion MNT. From the total claim of 103.57 billion MNT against Chinggis Khan Bank, 7.98 billion MNT has been paid, leaving 95.6 billion MNT outstanding. Therefore, a decision was made to involve legal authorities to identify the responsible parties who put the Social Insurance Fund at risk and settle the debts. An open meeting of the National Council of Social Insurance is planned with representatives from the General Police Department, the General Enforcement Department of the Courts, the Bank of Mongolia, Capital Bank's receivership, and other related parties.

It has been a recurring issue to question which minister allowed the insured people's funds to be placed in risky banks.

In response, former Minister of Labor and Social Protection S. Chinzorig said, "During my tenure as the minister, the insured people's money was not placed in Capital Bank. When I assumed office, there were already 228.1 billion MNT of the Social Insurance Fund deposited in that bank, 20 billion MNT of which were in the form of savings. When the contract ended, and we requested the return of the funds, the financial situation was stated to be bad, causing significant delays."

Insurance Premium Revenue Increases by More Than 50 Billion MNT

Published: Mon, 09 Sep 2024 | Translated from: montsame.mn

The insurance premium revenue reached 222.1 billion MNT in the first half of this year, having increased by 52.9 billion MNT (31.3 percent) compared to the same period last year.

Additionally, insurance compensation paid out amounted to 70 billion MNT, which is 16.5 billion MNT (31 percent) more than the same period last year.

The composition of the insurance premium revenue includes 85.6 percent from voluntary insurance, 13.6 percent from mandatory insurance, and 0.8 percent from long-term or life insurance. In terms of compensation payments, 66.8 percent comes from voluntary insurance, 31.8 percent from mandatory insurance, and 1.4 percent from long-term insurance. In the second quarter of this year, insurance premium revenue increased to 114.3 billion MNT, up by 19.8 billion MNT (21 percent) compared to the same period last year, and increased by 6.6 billion MNT (6.1 percent) compared to the previous quarter. Compensation payments in the same quarter amounted to 34.2 billion MNT, increasing by 7.3 billion MNT (27 percent) from the same period last year, but decreased by 1.6 billion MNT (4.4 percent) from the previous quarter.

The growth in insurance premium revenue this year has been attributed to a 19.2 billion MNT (44.1 percent) increase in vehicle insurance premium revenue, an 11.3 billion MNT (44.2 percent) increase in property insurance revenue, and a 10.3 billion MNT (40.6 percent) increase in accident and health insurance revenue. However, credit insurance premium revenue decreased by 2 billion MNT (47 percent), liability insurance associated with aircraft ownership, possession, and use decreased by 1.7 billion MNT (77.3 percent), and cargo insurance revenue decreased by 1.1 billion MNT (36.3 percent) compared to the same period last year.

The growth in insurance compensation payouts in the first half of this year was influenced by increases in compensation for driver liability insurance by 4.8 billion MNT (27.3 percent), aircraft insurance by 4.1 billion MNT (51.3 times), and property insurance by 3.9 billion MNT (2.6 times). However, life insurance compensation decreased by 69.3 million MNT (73.8 percent) and pension insurance compensation decreased by 8.1 million MNT (3.4 percent) compared to the same period last year.

The number of policyholders reached 1 million in the first half of this year, an increase of 123.2 thousand (13.9 percent) compared to the same period last year. Among policyholders, 83.1 percent are individuals, while 16.9 percent are legal entities or organizations. The total number of policyholders includes 51.4 percent mandatory, 48.5 percent voluntary, and 0.2 percent long-term, according to the National Statistical Office.

WARNING: Counterfeit Currency Found in Citizens' Transactions at Commercial Bank Branches

Published: Sat, 07 Sep 2024 | Translated from: ikon.mn

A counterfeit foreign currency has been discovered in the transactions of citizens at a branch of a commercial bank operating in Ulaanbaatar.

To be specific, on September 2nd and 3rd of this year, the police received a total of two reports from the Khaan Bank branch located in the Songino Khairkhan district stating "Counterfeit Chinese currency detected."

Citizens O and D were involved in a transaction at the bank when a total of 10 counterfeit 100 yuan notes, marked with serial number ******, were detected, prompting a related investigation.

Therefore, the police are warning commercial banks, citizens, and small-medium business owners to be cautious and verify the security of banknotes to prevent this type of crime.

According to the Criminal Law of Mongolia, there are penalties for the preparation and use of counterfeit banknotes or securities.

256 Thousand Tons of Coal Traded on the Exchange

Published: Fri, 06 Sep 2024 | Translated from: news.mn

"Erdenes Tavan Tolgoi" JSC traded 256 thousand tons of coking coal through the open electronic trading of the Mongolian Stock Exchange to be delivered at the Ganqimaodu port in China. Two buyers participated in the trading, with the starting bid for one ton of coal at 88.5 USD, and the deal was made at 91.5 USD. This marks the 100th trade through the exchange for the company, having sold a total of 21.7 million tons of coal valued at 2.59 billion USD.

Trading coal through the exchange ensures transparency in purchasing.

Following the adoption of the Law on the Commodity Exchange of Mineral Products by the State Great Khural, mineral commodities for export started being traded through the exchange. For instance, while coal and iron began being traded on the exchange from 2023, the trading of copper concentrates through the exchange started in April of this year. Trading mineral products through the exchange not only makes purchasing transparent but also increases tax revenue.

Fake Currency Discovered in Money Circulated by Citizens at a Commercial Bank

Published: Sat, 07 Sep 2024 | Translated from: gogo.mn

Fake foreign currency has been discovered in money circulated by citizens at a branch of a commercial bank operating in Ulaanbaatar city.

Specifically, two reports have been submitted to the police regarding the discovery of counterfeit Chinese banknotes at the Khan Bank branch located in the Songino Khairkhan district on September 2nd and 3rd of this year.

During the service of citizens O and D at the bank, a total of 10 counterfeit 100-yuan notes with the specified serial number were discovered, and related investigation work is being carried out.

Therefore, the police department warns commercial banks, citizens, and small and medium-sized business owners to prevent such crimes and to check the security of banknotes. Anyone who produces or uses counterfeit banknotes or securities will be held responsible under the Criminal Code of Mongolia.

Article 18.7 of the Criminal Code: Counterfeiting Currency, Securities, and Payment Instruments

1. Producing counterfeit securities, electronic cards, other payment instruments, excise stamps, financial documents, knowing they are counterfeit and storing, using, transporting, or distributing them will be punished by a fine equal to between 5,400 to 27,000 monetary units or imprisonment for a period of one to five years.
2. Producing counterfeit national or foreign currency used as a payment instrument in Mongolia, knowing it is counterfeit and using, storing, transporting, or distributing them will be punished by imprisonment for a period of two to eight years.
3. If this crime is committed by an organized group, it will be punished by imprisonment for a period of five to twelve years.
4. If this crime is committed for the benefit of a legal entity, the legal entity will be deprived of the right to conduct certain activities and fined an amount equal to between 120,000 to 400,000 monetary units.

The Majority of the 495 Billion MNT Loans to Cooperative Herders Issued by the State Bank

Published: Fri, 06 Sep 2024 | Translated from: gogo.mn

Some members of the State Great Khural worked at the Central Bank today.

Member of the State Great Khural, M. Mandkhai, stated that, under the "New Cooperative" program, a total of 495.3 billion MNT in loans has been issued to herders as of today.

• 78.8% by the State Bank,
• 21% by Khan Bank.

However, many herders who applied for concessional loans, met the requirements, and had their loans approved, are facing a shortage of sources to actually receive these loans. Therefore, the State Bank's leadership was urged to stimulate loan issuance by other commercial banks that have signed agreements to implement concessional loans under the "New Cooperative Movement".

Speaker of the State Great Khural, D. Amarbaysgalan, noted that the State Great Khural and the Government approved a total funding of 5 trillion for this program. He criticized state organizations for bureaucratic hurdles and delaying loan issuance to herders.

An allocation of 500 billion MNT was approved for this program's subsidy this year.

At this time, D. Enkhtuvshin questioned, "Recently, budget amendments and the government operations program were approved by the State Great Khural. Due to the increased investment costs related, will this affect the currency value?

What measures will be taken to protect against this risk, and how will reducing loan interest rates for enterprises be addressed?" In response, answers and information were provided.

The budget for this year was amended, increasing it by 3 trillion MNT. Over the next three years, a total of 11 trillion MNT is planned to be invested from the state budget.

State Great Khural member P. Batchimeg asked about the tendency of product prices to increase as salaries, pensions, and benefits rise, and voiced her viewpoint on how to control the price increase in line with household income growth.

8188 Households Have Taken a Mortgage Loan This Year

Published: Fri, 06 Sep 2024 | Translated from: gogo.mn

The Speaker of the Parliament, D. Amarbayasgalan, along with members of Parliament, became acquainted with the operations of the Bank of Mongolia. At the beginning of the meeting, the President of the Bank of Mongolia, B. Lkhagvasuren, provided information on the monetary policy being implemented by the central bank, its implementation, and the economic outlook.

The Bank of Mongolia has set a target to stabilize inflation at approximately 6% with an interval of +/- 2 percentage points for the years 2024-2026.

Inflation reached 5.5% by the end of July. As economic growth continues to stabilize, there is room to ease monetary policy, highlighted the President of the Bank of Mongolia. He further stated, "The official foreign exchange reserves reached 4.7 billion USD at the end of July this year. As the foreign exchange reserves increase, the value of the togrog (the Mongolian currency) is stabilizing and has strengthened by 0.87% against the dollar since the beginning of the year."

Additionally, the increase in foreign exchange reserves allowed the Bank of Mongolia to repay and reduce by half the utilization debt under the swap agreement with the People's Bank of China. During the first seven months of this year, the issuance of mortgage loans reached 946 billion tögrögs, and the number of households granted loans stands at 8188. Of this, 421 billion tögrögs were disbursed as mortgage financing in rural areas, benefiting 4100 citizens, leading to a significant increase in the issuance of mortgage loans in rural areas.

The Speaker of Parliament, D. Amarbayasgalan, during this time, emphasized that the central bank is fulfilling its fundamental duty to ensure the stability of the tögrög as prescribed by law and support economic growth. He noted that the central bank must particularly focus on the issue of reducing interest rates in the banking sector.

Furthermore, he highlighted the need for broad and close collaboration on mitigating the inflationary pressure caused by the rising prices of food and consumer goods, which are exerting considerable stress on the population and contributing significantly to inflation, according to a report from the Bank of Mongolia's press office.

Diplomacy

Chinese Vice President Han Zheng Visits

Published: Sat, 07 Sep 2024 | Translated from: news.mn

At the invitation of the Government of Mongolia, Vice President of the People's Republic of China Han Zheng arrived in Ulaanbaatar yesterday to visit Mongolia.

This visit is unique because it takes place on the occasion of the 75th anniversary of establishing diplomatic relations between Mongolia and the People's Republic of China. Previously, Vice President Wang Qishan of China visited Mongolia on the 70th anniversary.

During the visit, Vice President Han Zheng will meet with the President of Mongolia, U. Khurelsukh, the Speaker of the Parliament, D. Amarbaysgalan, and hold official talks with Prime Minister L. Oyun-Erdene.

During the visit, the parties will exchange views on a wide range of issues related to bilateral cooperation in the political, economic, and humanitarian fields. This visit will provide an important impetus for strengthening the comprehensive strategic partnership between Mongolia and China, increasing political trust and mutual understanding, and activating trade and economic cooperation.

Visit of Vice President Han Zheng from the People's Republic of China Concludes

Published: Sun, 08 Sep 2024 | Translated from: ikon.mn

Vice President Han Zheng from the People's Republic of China concluded his visit to our country today and returned to his homeland.

At Chinggis Khaan International Airport, he was seen off by Foreign Minister B. Battsetseg, the Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to Mongolia, Shen Mingyuan, and other officials.

During the visit, Vice President Han Zheng held official talks with Prime Minister L. Oyun-Erdene of Mongolia. During this meeting, Prime Minister L. Oyun-Erdene mentioned that connecting the Gashuunsukhait-Gantsmod border by railway in the near future is a mutually beneficial strategic issue for both countries. He also expressed a desire to cooperate with the Chinese side on railway border connection projects such as Shiveekhuren-Sekhee, Choibalsan-Bichigt, Bichigt-Zuunbayan, and Khangi-Mandal to expedite these projects.

Furthermore, he expressed interest in cooperating with the Chinese side on projects to construct a metro in Ulaanbaatar and to build a ring road highway. He also proposed to establish a dedicated loan agreement for the Erdeneburen Hydroelectric Power Station project in the near future. In response, Vice President Han Zheng emphasized that it is advisable to accelerate the infrastructure and energy projects proposed by the government of Mongolia.

PHOTO: China's Vice President Han Zheng Welcomed in Central Square

Published: Sat, 07 Sep 2024 | Translated from: ikon.mn

Mongolian Prime Minister L. Oyun-Erdene welcomed the visiting Vice President of China, Han Zheng, at Sukhbaatar Square. Following the offering of an address by the commander of the honor guard, the national anthems of the two countries were played.

Prime Minister L. Oyun-Erdene and Vice President Han Zheng bowed to the State ceremonial guard's white flag, and Vice President Han Zheng greeted the soldiers of the State honor guard.

Both Prime Minister L. Oyun-Erdene and Vice President Han Zheng greeted the officials from Mongolia and China who attended the welcoming ceremony and paid their respects at the statue of the great Chinggis Khan.

China Expresses Readiness to Develop Stable Relations Between the Two Countries

Published: Sat, 07 Sep 2024 | Translated from: ikon.mn

Vice President of China Han Zheng paid a visit to the State Palace to meet with President Ukhnaa Khurelsukh.

President of Mongolia expressed his satisfaction with the active development of relations and cooperation between Mongolia and China. He noted that during last year's international cooperation summit "Belt and Road" held in Beijing, he met with Chinese President Xi Jinping and reached a mutual understanding on many issues. He also asked to convey his greetings to President Xi Jinping.

President Ukhnaa Khurelsukh highlighted that Vice President Han Zheng's visit to Mongolia during this period when many important anniversaries of bilateral relations are celebrated reflects the aspiration to deepen and develop the Comprehensive Strategic Partnership between our two countries, which are eternal neighbors. He emphasized the need for relevant organizations of both sides to actively work towards increasing bilateral trade to 20 billion USD, improving the connectivity of the two countries' infrastructure, expediting the implementation of projects and programs funded by concessional loans and grants, enhancing cooperation in renewable energy, and strengthening cooperation in fields such as culture, education, and tourism.

Vice President Han Zheng expressed gratitude to the President of Mongolia for the meeting and conveyed greetings from Chinese President Xi Jinping. He highlighted the 75th anniversary of the establishment of diplomatic relations, the 30th anniversary of the Treaty of Friendship and Cooperation, and the 10th anniversary of the Comprehensive Strategic Partnership between the two friendly neighboring countries connected by mountains and rivers, China and Mongolia.

Based on the important common understanding agreed upon by the heads of the two states, Vice President Han Zheng expressed China's readiness to enhance friendship and mutual trust with Mongolia, deepen mutually beneficial cooperation, and develop stable relations between China and Mongolia.

Infrastructure

If there is a place where the curb was replaced but the road was not repaired, I will resign

Published: Sat, 07 Sep 2024 | Translated from: news.mn

The Mayor of Ulaanbaatar, Kh. Nyambaatar, inspected the condition of the road behind the "Narantuul" market in the 14th committee of the Bayanzurkh District. Known colloquially as the "Dragon's Mouth," this area is unsuitable for pedestrians due to its dirty and untidy state. Therefore, he instructed the relevant authorities to conduct a site visit, clear the necessary land for road construction, and prepare required blueprints.

During this time, in response to public criticism that pedestrians could not walk on a section where the city road curbs were being replaced, Mayor Kh. Nyambaatar declared, "If there is a place where the curb was replaced but the road was not repaired, I will resign."

The Prime Minister Proposes to Expedite Infrastructure and Energy Projects and Establish a Water Port Based on Lake Buir

Published: Fri, 06 Sep 2024 | Translated from: isee.mn

The Prime Minister of Mongolia, L. Oyun-Erdene, held official talks with the Vice Chairman of the People's Republic of China, Han Zheng, at the State Palace.

Both parties expressed satisfaction with the successful expansion and development of the Comprehensive Strategic Partnership between Mongolia and China, and they emphasized maintaining the frequency of high-level visits. They also noted their close collaboration in implementing the development policy goals of the two countries and executing agreed-upon cooperative issues between them.

Prime Minister L. Oyun-Erdene noted that the long-term stable development of amicable and mutually beneficial cooperation with China is a priority of Mongolia's foreign policy and expressed satisfaction with the expanding relations and cooperation across all sectors between the two countries.

In alignment with the New Government's action program involving Economic Policy, Regional Development Policy, and Human Development Policy, Prime Minister L. Oyun-Erdene highlighted the focus on strengthening bilateral cooperation. This includes initiatives such as linking ports between the two countries with railways to increase capacity, establishing a legal framework for the transit of agricultural products, petroleum, explosive materials, and hazardous chemicals, and developing cooperation in sectors like renewable energy, industry, science, technology, and humanities. Additionally, the Prime Minister emphasized accelerating the implementation of concessional loan and grant projects. The leaders of the two countries set a goal in 2022 to reach a bilateral trade volume of 20 billion USD, with trade reaching 17.6 billion USD last year, showcasing the active cooperation. Prime Minister L. Oyun-Erdene underscored the strategic importance of connecting the Gashuunsukhait-Gantsmod port by railway in the near future for mutual benefit, and expressed the desire for China to collaborate in expediting railway border connection projects such as Shiveekhuren-Sekhee, Choibalsan-Bichigt, Bichigt-Zuunbayan, and Khangi-Mandal. There is also an interest in collaborating with China on metro construction projects in Ulaanbaatar and creating a ring road. In the energy sector reforms, the Prime Minister conveyed the intention to implement renewable energy projects jointly and to establish a special loan agreement for building the Erdeneburen Hydropower Plant soon.

The parties agreed on the revised list for the “Economic Corridor Establishment Program” among the three countries and committed to accelerating its implementation without delay. Additionally, the Prime Minister proposed establishing a water port based on Lake Buir and developing cross-border water tourism. Plans to establish a 4C category airport in the vicinity of Lake Buir are underway. The project could potentially be a significant factor supporting the "Tea Road" program that encourages cross-border tourism among Mongolia, China, and Russia.

Vice Chairman Han Zheng expressed his pleasure at visiting Mongolia at the invitation of the Mongolian Government and conveyed greetings from China's State Council Premier Li Qiang. He noted that Prime Minister L. Oyun-Erdene's official visit to China last year had played a crucial role in developing tangible cooperation between the two countries. Vice Chairman Han Zheng affirmed readiness to work closely with Mongolia to increase political mutual trust, enhance practical cooperation, and bolster friendship and exchange between the peoples. He also highlighted the importance of expediting the infrastructure and energy projects proposed by Prime Minister L. Oyun-Erdene.

Traffic Police Authority: Need to Improve Legal Framework and Registration for Scooter and Bicycle Use

Published: Fri, 06 Sep 2024 | Translated from: bloombergtv.mn

Accidents and injuries related to scooters and bicycles recorded 2300 cases in the first seven months of this year.

In recent years, the number of scooters, sur-rons, and similar vehicles in Ulaanbaatar has significantly increased, which, while contributing to reducing traffic congestion, has also led to a rise in accidents and injuries due to insufficient dedicated paths. The National Trauma and Orthopedic Research Center reports that there were 2207 recorded accident-related cases involving scooters and bicycles in 2023, and this has already risen to 2300 in the first seven months of 2024, surpassing the previous year's figures.

As demand and usage increase, this market is expected to grow further. The key is for the government to support legal regulation and the planning of rigid infrastructure, which will have a noticeable impact on reducing congestion.

According to the General Customs Authority, 4625 electric bikes, sur-rons, mopeds, and scooters were imported in 2023, and 7116 were brought in during the first seven months of 2024. Therefore, it is crucial to improve the legal framework related to these vehicles and amend traffic regulations, as emphasized by experts in the field.

Initially, it is important to decide which type of vehicle category the imported sur-rons and scooters fall under and define their technical requirements, noted B. Ochirbat, Head of the Traffic Police Authority's Preventive Department.

The Following Roads Are Being Closed and Renovated

Published: Sun, 08 Sep 2024 | Translated from: news.mn

According to the information from the Metropolitan Road Development Authority, roads in three locations are closed for renovation and new construction work is ongoing. Specifically, in Sukhbaatar district, within the areas of the 8th and 9th khoroos, the partial renovation and updating of Ikh Toiruu road began on the 6th of this month and will remain closed until 06:00 tomorrow. During this period, manhole covers will be leveled to match the asphalt concrete pavement, guardrails will be replaced, asphalt concrete paving of the road's driving section, and road markings will be carried out.

Additionally, in Bayanzurkh district, covering areas of the 2nd, 4th, 7th, and 30th khoroos, from Sansar safety circle to the northern intersection of the General Authority for Border Protection, road repair and updating work has begun and will be closed for repairs from today until 06:00 on the 9th of this month. This project will include leveling manhole covers to match the asphalt concrete pavement, replacing guardrails, paving the asphalt concrete of the road's driving section, and carrying out road marking tasks.

The road commonly referred to as Ikh Toiruu, which spans across Chingeltei district's 5th and 6th khoroos and Sukhbaatar district's 9th khoroo, from Geser Monastery intersection to Dolgoon Nuur intersection, is also undergoing renovation and updating works. As part of these works, manhole covers will be leveled to match the asphalt concrete pavement, guardrails will be replaced, asphalt concrete paving of the road's driving section, and road markings will be completed. The road will be reopened tomorrow morning at 06:00. Therefore, it is advised that citizens and drivers choose alternative routes for their movements.

A Leading Chinese Company Will Launch a 50 MW Battery Station on November 30 This Year

Published: Fri, 06 Sep 2024 | Translated from: ikon.mn

The contract signing ceremony to establish a battery storage station capable of compensating the energy shortage of the capital was held today.

The battery storage station will be built in a 5-hectare area on the territory of the first unit of Baganuur district, northwest of the "Baganuur" electricity distribution substation. This battery storage station will have a capacity of 50 MW, with a storage capacity of 200 MWh, and will operate with a three-phase frequency of 50 Hz. It will be connected to the Baganuur electricity distribution substation with voltages of 220/110/35 kV.

During the event, City Mayor H. Nyambaatar stated, "Last winter, Ulaanbaatar city experienced a shortage of around 200 MW of electricity. This year, the city plans to issue bonds domestically for the first time, intending to finance energy projects with approximately 600 billion MNT from those bonds. This means we plan to compensate for last year's energy deficiency with approximately 600 billion MNT.

On October 5 of this year, the button to start production of the first 150 MW of electricity at the Booroljuut power plant will be pressed. The station will begin delivering energy on that day.

In addition, we announced an international open tender for around 300 billion MNT. Today, we are signing a work contract with the company that won the tender. The leading "Envision Energy" company in China has won the tender. The company will connect a 50 MW battery station to the central power system by November 30, 2024, and hand it over to Ulaanbaatar city. The battery station will be established in the territory of Baganuur district.

The 50 MW battery station will supply energy to the system during peak loads and share the load. When the load decreases, it will disconnect from the system and self-charge," he explained.

He continued, "The battery station will deliver energy from November 30 onwards and will receive payments for the supplied energy from the National Dispatching Center, thus repaying bond obligations. In other words, the 300 billion MNT bond issued by the city is being sold to international financial corporations to make investments. No state budget funds are used.

In recent years, energy consumption has been growing by more than 10%. Although we are compensating for last year's energy shortage, there is still an expected shortage. We are discussing with the ministry in charge of this sector how to compensate for the expected energy shortage," he explained.

He mentioned that the next 150 MW energy plant at Booroljuut power station is scheduled to commence operations on October 1, 2025, noting that no power station like it has been constructed since 1984.

The Road to Tolgoit is Closed

Published: Sat, 07 Sep 2024 | Translated from: news.mn

The work on the underground passage at Tavan Shar in the 20th khoroo of Songinokhairkhan district is underway. As part of this work, the main road of Tolgoit was partially closed and the main underground road is being connected with the road of Tolgoit starting from 11:00 PM yesterday. The road repair work will be completed by Tuesday morning or 8:00 AM on the 10th. The road closure area will see works such as earthmoving, stormwater drainage, road paving, curb work, and signage.

Therefore, residents traveling from the countryside to the city or along this road are advised to choose alternative routes.

The Road from Geser Temple Intersection to Bayangol Circle Repaired and Opened to Traffic

Published: Sun, 08 Sep 2024 | Translated from: ikon.mn

The road from Geser Temple intersection to Bayangol Circle has been renovated and was opened to traffic today.

The road was closed starting from 10:00 PM on September 6th to begin repairs. During this time, tasks such as adjusting the manhole covers to the level of the asphalt concrete pavement and replacing barriers were completed.

A New Road and Pedestrian Path to be Built Behind “Naran Tuul” Trade Center

Published: Sat, 07 Sep 2024 | Translated from: ikon.mn

The Mayor of the city, Kh. Nyambaatar, and relevant officials visited the 14th khoroo (administrative subdivision) of Bayanzurkh district today, specifically the area behind the "Naran Tuul" trade center, commonly known to the locals as "Mangasan Am."

In this area, due to housing development by organizations and enterprises as part of the ger district redevelopment, it has become impossible to plan further development according to the partial master plan.

Therefore, to provide citizens with a comfortable living environment, it has been decided to construct new roads and pedestrian paths. As part of this initiative, the city's Land Management Department will begin the clearance of land for these roads and will draft the design for the connecting road.

During the visit, the city mayor and governor of Ulaanbaatar, Kh. Nyambaatar, gave instructions to relevant organizations:

• To include the plan for pedestrian and vehicle roads in the budget revision,
• To focus on landscaping, coordinate with the management of the "Naran Tuul" trade center, and urgently dismantle some fences,
• To present necessary plans and budgets for the construction of pedestrian and vehicle roads at next Monday's regular meeting,
• To organize activities involving the Bayanzurkh district police to enroll concerned citizens in voluntary alcohol treatment programs in accordance with the law on crime prevention.

Proposal to Build a Water Port and Develop Cross-Border Water Tourism at Lake Buir

Published: Sat, 07 Sep 2024 | Translated from: ikon.mn

An official discussion took place at the State Palace between the Prime Minister of Mongolia, L. Oyun-Erdene, and the Vice Premier of China, Han Zheng.

The parties expressed their pleasure at the successful expansion of the Comprehensive Strategic Partnership between Mongolia and China, agreeing to maintain the frequency of high-level visits between the two nations and to closely align and implement their development policy goals. They also noted their commitment to work closely for the implementation of agreed-upon cooperation issues.

Prime Minister L. Oyun-Erdene highlighted that Mongolia's foreign policy prioritizes the stable development of friendly neighborly relations and mutually beneficial cooperation with China in the long term. He expressed satisfaction with the expanding relations and cooperation in all areas between the two countries.

In 2022, the leaders of the two countries set an ambitious goal to increase bilateral trade to $20 billion. As of last year, the trade volume reached $17.6 billion, reflecting the active cooperation between the parties.

The Prime Minister mentioned that the near-term connection of the Gashuunsukhait-Gantsmod border crossing by railway is a strategic issue mutually beneficial for both countries. He requested China's cooperation in expediting railway border connection projects such as Shivekhuren-Sekhee, Choibalsan-Bichigt, Bichigt-Zuunkhatavch, and Khangi-Mandal.

He expressed interest in collaborating with China on projects to build a metro in Ulaanbaatar and thorough highways. Moreover, within the context of energy sector reform, he proposed joint implementation of renewable energy projects and the establishment of a loan agreement specifically for the Erdeneburen Hydropower Plant project in the near future.

The two sides have agreed on an updated list for the "Economic Corridor Establishment Program" of the three countries. They expressed their willingness to accelerate the construction of the "Economic Corridor" and to implement it without delay.

Additionally, the Prime Minister proposed the construction of a water port at Lake Buir to develop cross-border water tourism, with the plan to establish a 4C class airport near Lake Buir. It was emphasized that this project could become a significant factor supporting the "Tea Road" program, promoting cross-border tourism between Mongolia, China, and Russia.

Vice Premier Han Zheng, on behalf of the Chinese government, expressed his gratitude for the invitation to Mongolia and conveyed the greetings of the Chinese Premier, Li Qiang.

He noted the importance of Prime Minister L. Oyun-Erdene's official visit to China last year, which played a key role in developing practical cooperation between the two countries.

Vice Premier Han Zheng expressed his readiness to work closely with Mongolia in enhancing mutual political trust, intensifying practical cooperation, and increasing friendship and exchanges between the peoples of the two countries. He also stressed the importance of accelerating infrastructure and energy projects proposed by Prime Minister L. Oyun-Erdene.

Society

Deputy Mayor Instructs to Improve School Food Production Equipment

Published: Sat, 07 Sep 2024 | Translated from: gogo.mn

The Deputy Mayor in charge of the Social Sector, Green Development, and the issues of air and environmental pollution, L. Khosbayar, met with the leaders of social sector organizations.

The social sector organizations of the capital have planned to implement 127 projects and measures next year in the fields of health, education, physical education and sports, children, families and youth, culture and arts, tourism, labor, and social welfare. Deputy Mayor L. Khosbayar mentioned that these projects and measures need to be revised and additional changes are required.

During the meeting, Deputy Mayor L. Khosbayar gave the following directives:

• Instead of distributing the budget for investment projects in small portions, complete specific projects 100 percent;
• Include measures aimed at improving the health education of adolescents;
• Develop and increase new types of sports such as physical development and walking;
• Ensure that outdoor playgrounds in kindergartens meet standards;
• Improve the food production equipment of secondary schools (EBS).

The Deputy Mayor in charge of the Social Sector, Green Development, and air and environmental pollution issues, L. Khosbayar, met with the leaders of social sector organizations.

The social sector organizations of the capital have planned to implement 127 projects and measures next year in health, education, physical education and sports, children, families and youth, culture and arts, tourism, labor, and social welfare. L. Khosbayar mentioned that these projects and measures require additional changes.

During the meeting, Deputy Mayor L. Khosbayar gave the following instructions:

• Fully complete specific projects using allocated budgets, rather than dividing the funds into small parts;
• Focus on improving health education for adolescents;
• Develop and add new types of sports activities such as physical development and walking;
• Update outdoor kindergarten playgrounds to comply with standards;
• Improve the food production equipment at secondary schools.

59% Did Not Support Restricting Car Movement Based on License Plate Numbers

Published: Sun, 08 Sep 2024 | Translated from: news.mn

In Ulaanbaatar city, when it comes to making decisions about restricting vehicle movement based on even and odd license plate numbers, a survey showed 59% of respondents did not support such restrictions.

Out of the total 4015 participants in the survey, 2379 or 59%, did not support the license plate restriction, while 1636 or 41% were in favor of it.

The city started collecting suggestions on this topic from September 2 to September 8.

Some argue that restricting movement based on license plate numbers would force citizens to purchase additional vehicles and thus is unnecessary. It has been suggested that to reduce traffic congestion and control vehicle flow, increasing parking fees or allowing only public transportation to use the main lane would be a more effective solution.

A fee of 5000 Tugriks is being imposed on local vehicles

Published: Sun, 08 Sep 2024 | Translated from: news.mn

According to the resolution issued by the Capital City Citizens’ Representative Meeting, local vehicles that stay in the capital for more than 48 hours are required to pay a fee of 5000 Tugriks per day, a policy that has been in effect for eight days now. Specifically, this resolution came into force from September 1st.

On average, 16,000 to 19,000 vehicles from other provinces participate in traffic in Ulaanbaatar daily, and this number rises to 38,000 during festivals. Therefore, this measure was taken by the Capital City Citizens’ Representative Meeting to alleviate traffic congestion.

The fee is collected at the seven checkpoints upon re-exit from Ulaanbaatar city, which include Emeelt, Baruun Turuun, Nalaikh, Turgen, Argunt, Moringiin Davaa, and Hooltiin Davaa, and is done electronically. The "Smart car" application is used for billing. If a vehicle with a provincial license plate exits the city within 48 hours of entry, no fee is collected. However, if the stay exceeds the specified duration, a fee of 5000 Tugriks is charged for each day beyond that period. The payment is allocated to the capital’s road fund for road maintenance and repair.

The Police Report on the Search for the 21-Year-Old Citizen B. Nandin-Erdene Who Escaped from the National Mental Health Center

Published: Fri, 06 Sep 2024 | Translated from: isee.mn

The police have reported that they are searching for a 21-year-old citizen named B. Nandin-Erdene who escaped while receiving treatment at the National Mental Health Center.

The individual was last seen wearing black and white checkered pants, a navy blue t-shirt with white lettering, and purple sandals. The person is identified as having a mental health disorder and speech impairment.

The Voting on Odd-Even Traffic Restrictions Ends Tomorrow

Published: Fri, 06 Sep 2024 | Translated from: isee.mn

The voting on whether to implement odd-even restrictions on road traffic is currently being conducted through the official website of the Ulaanbaatar Mayor’s Office, www.ulaanbaatar.mn. This vote will continue until the end of this week, specifically concluding tomorrow. So far, the majority of citizens who have participated in the vote are not in favor, while a small percentage have expressed their support.

The Second Stage of Kindergarten Registration is Ongoing

Published: Sun, 08 Sep 2024 | Translated from: news.mn

The second stage of kindergarten registration in Ulaanbaatar began on September 5 and will continue online until September 15. Registrations are being accepted through E-Mongolia.

Eligible for registration are children who were unable to submit their application during the first stage, children not yet registered in a kindergarten, and the children of temporary residents. The registration covers children born between January 1, 2019, and December 31, 2022.

Temporary residents need to be registered with the "Household Information System" of their district's local administration under the address they are temporarily residing.

The results of the registration will be announced via text message to the phone number you registered from September 16 to 18, 2024.

Poll Shows 59% of Participants Do Not Support Vehicle Plate Restriction

Published: Sat, 07 Sep 2024 | Translated from: isee.mn

A survey was initiated to temporarily restrict vehicles on the roads of Ulaanbaatar based on their even or odd-numbered license plates, aimed at reducing traffic congestion.

As of now, 3,988 individuals have participated, with 59% expressing their opposition to the proposal. The survey will conclude today, and participants can cast their votes by clicking this link and logging in with their phone number or the DAN system.

Innovation

In the Virtual Zone, Apart from Tax Benefits, Eight Types of Support Will Be Provided

Published: Mon, 09 Sep 2024 | Translated from: montsame.mn

The integrated forum for the information technology sector, “Open Tech Summit – 2024,” was held last Friday in Darkhan-Uul Province.

During the event, the Minister of Digital Development, Innovation, and Communications, Ts. Batarkhuu, highlighted the plans of the government, particularly the Ministry of Digital Development, Innovation, and Communications, to accelerate digital transformation over the next four years. Specifically, it was noted that the government intends to reduce its services, transfer them to the private sector and professional associations, refrain from producing information technology products and services, not support foreign products and services, and promote domestic information technology companies' products and services. In this framework, tax benefits and eight types of support will be provided to private sector companies in the virtual zone.

At the “Open Tech Summit – 2024,” Golomt Bank’s Chief Information Officer M. Sainbileg presented statistics and data of the sector, while the leaders of “Dell” and “Chimege” companies gave presentations on the use of artificial intelligence and initiated discussions, according to the Ministry of Digital Development, Innovation, and Communications.

It is Important to Be Sensitive to Human Rights When Updating Textbooks

Published: Sat, 07 Sep 2024 | Translated from: gogo.mn

The Minister of Education, P. Naranbayar, met with D. Sunjid, head of the National Human Rights Commission (NHRC) of Mongolia, D. Yondonjamts, head of the Administrative Management Department, and Kh. Tsetseg, head of the Human Rights Education Department. They exchanged ideas regarding the implementation of activities and measures in the field of human rights education.

Each year, the NHRC prepares a report on the status of human rights and freedoms in Mongolia and presents it to the State Great Hural (Parliament). In last year's report, a study was conducted on the state of human rights education at all levels of education, incorporating findings and recommendations. Additionally, a recommendation was issued for each ministry from the "Methodology of Human Rights Education" symposium.

Therefore, the NHRC recommended planning and implementing measures based on these recommendations. They also emphasized the importance of being sensitive to human rights when revising lesson content and textbooks in the context of the implementation of the general education law and related changes to the curriculum approved last year.

Minister of Education P. Naranbayar expressed commitment to thoroughly scrutinize and implement the recommendations above, emphasizing the crucial importance of human rights and education about it in the education sector. He conveyed intentions to work closely with the NHRC.

Health

People to Register at Family Clinics for Early Screening

Published: Fri, 06 Sep 2024 | Translated from: news.mn

Since 2019, Mongolia has offered early screening tests free of charge to every citizen. It is estimated that this initiative consumes around 70 billion MNT annually from the state budget. The first cycle of early screening and testing concluded on July 1 this year. Questions about the options for those who haven't participated in early screenings have been frequently directed to family health centers. Confirmation was sought regarding whether the early screening is still ongoing.

Individuals who have not yet participated in the screening can register at their respective family health centers and have the option to use services at district general hospitals and other private clinics. It was confirmed that the early screening has not been halted and is continuing.

Citizens eligible for early screening who have consistently paid their health insurance over the past five years, since 2019, can participate in the preventive examinations at no cost. However, participation remains low among eligible citizens. Some individuals have not participated due to lack of information or misunderstandings caused by discrepancies in the information.

Therefore, family health centers have announced they are pre-registering citizens for early screenings. Specifically, family clinics in the neighborhoods of Bayangol, Bayanzurkh, Sukhbaatar, and Chingeltei districts have advised their citizens to register before going to the general hospitals.

Citizens who have previously undergone early screening are not eligible to participate again. However, all individuals who have continuously paid their health insurance since 2019 can obtain free examinations relevant to their age group.

Doctor A. Suvdaa "Saves the Life of a Foreign Woman Who Fell Ill on a Plane"

Published: Sat, 07 Sep 2024 | Translated from: isee.mn

Mongolian citizens have had several instances of saving lives while traveling on airplanes.

For example, a young Mongolian passenger named Z. Buyannemekh thwarted an attempt to crash flight CX712 from Thailand to Hong Kong when a Philippines hijacker tried to sabotage the aircraft, thus saving the lives of the passengers. Similarly, a Mongolian woman traveling from the USA to the Federal Republic of Nigeria named S. Tsermaa saved a life, stirring pride among her fellow countrymen.

Recently, a Mongolian doctor saved the life of a foreign woman who fell ill on an airplane.

Social media reports suggest that Mongolian doctors, having worked at the University of Eastern Finland, were on their way back when they saved a woman who became ill on the plane. The flight crew announced the medical emergency to the passengers and asked, "Is there a doctor among the passengers?" Doctor A. Suvdaa from the Khan-Uul District Health Center then provided emergency medical assistance to the patient, saving her life. We are currently verifying this information.

Mongolian doctor saves the life of a foreign woman who fell ill on a plane! According to social media, Mongolian doctors, having worked at the University of Eastern Finland, saved a woman who fell ill on their way back. The flight crew informed about the passenger's condition and asked, “Is there a doctor among the passengers”...