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What’s going on with our new bus system?

By M.OYUNGEREL Private bus companies declared a strike at 6:00 a.m. on the snowy morning of October 7, without any notice in advance, causing some people to get frozen cheeks and some taxi drivers to get richer while they transported people for 1,000 MNT each to their destinations. The reason why 60 percent of buses [...]

October 8th, 2015 | Posted in Opinion | Read More »

Start saving your receipts

Trans. by B.DULGUUN Do you throw away your receipts after purchasing goods? Is it because they’re useless? Everyone should start keeping their receipts starting from January 2016, as these receipts will be required to collect an up to 20 percent refund for value-added tax, which shoppers will soon be paying for all purchased items. Your [...]

October 6th, 2015 | Posted in Opinion | Read More »

Opportunity to review the economy

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Mongolia is facing another political and economic decline. The Asian Development Bank has recently projected that Mongolia’s economy will grow by 2.3 percent this year, which would be seven times less than it was four years ago. The tugrug rate against USD has reached 2,000 while the amount of bad loans at commercial banks increased [...]

October 4th, 2015 | Posted in Opinion | Read More »

The contradicting policy and action of Ch.Saikhanbileg’s Cabinet

By E.OYUNDARI The Finance Ministry of Mongolia has fulfilled Prime Minister Ch.Saikhanbileg’s obligations and made estimations for cuts to current state expenses devoted to foreign and domestic travel, receiving guests, upgrading furniture, purchasing new items for state organizations, and reducing the salaries of high ranking state authorities by 30 percent. It was estimated that some [...]

October 1st, 2015 | Posted in Opinion | Read More »

Mongolia eyes rural growth

By Paulius Kuncinas Regional Editor, Oxford Business Group Mongolia’s remote regions are beginning to feel the benefits of public and private initiatives aimed at attracting investment and promoting rural development in a bid to tackle rising levels of urbanization and imbalances in regional wealth. The country’s rural regions are in need of greater development, having witnessed [...]

October 1st, 2015 | Posted in Opinion | Read More »

Turning grey into gold

Marking International Day of Older Persons, October 1 By Shamshad Akhtar Just a few decades ago, the population of the Asia-Pacific region was dominated by the young. Now, as birth rates have dropped and life expectancies have improved, the population is aging. Twelve per cent of our people in the region are already over the [...]

September 29th, 2015 | Posted in Opinion | Read More »

Coldest capital, colder homes

By B.KHASH-ERDENE Fall came at the drop of the hat this year. In a matter of just a few days, temperatures dropped throughout the country from above 20 degrees Celsius to below 10 degrees Celsius in the first half of this month, stirring panic among crop farmers and herders. But the sudden cold doesn’t just [...]

September 29th, 2015 | Posted in Opinion | Read More »

First-mobile world

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The mobile phone, a marvelous device that is constantly developing thanks to scientific and technological advances, has changed our lifestyle and greatly improved labor productivity. Ever since it became possible to connect to the internet through mobile phones, there have been revolutionary changes in the way people work, socialize, create and share information, and coordinate [...]

September 27th, 2015 | Posted in Opinion | Read More »

Asia-Pacific impacts of the new global development agenda

By Shamshad Akhtar The resounding endorsement by global leaders last week in New York of the groundbreaking and transformational 2030 Agenda for Sustainable Development, more than two years in the making, sparks new hope and optimism for multilateralism. Crafted to be universal, people-centered and inclusive, the 2030 Agenda will promote peace and prosperity, touching all [...]

September 27th, 2015 | Posted in Opinion | Read More »

Empty promises won’t save the economy

Trans. by O.SHURENTSETSEG As the election of 2016 comes near, the increase of broken promises from candidates will take place. The upcoming parliamentary session will discuss next year’s state budget, and it is obvious that candidates in the elections will make beautiful promises to increase the budget’s resources. It is a commonly known fact that [...]

September 22nd, 2015 | Posted in Opinion | Read More »

Recently Commented

  • Todd: Wow, what a fantastic article. It is very refreshing to see some real investigative journalism coming from the UB Post. Keep up the...
  • Kevin Gallagher/FAO: Congratulations! The Fall Green Days highlighted the success of private sector dynamism and innovation at small and...
  • Otgontuya: Ulaanbaatar hotiin hursnii bohirdliin suuliin jiluudiin statistic medeelel baina uu
  • kushal kumar: Towards the end of September 2015, IMF is reported to have warned that global economic growth is slowing. The job report...
  • Stepanka Pechackova: Thanks for the article. Just a clarification – the main organizers were UNDP and UNFPA Mongolia. More info...