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Deel prices raised by 150,000 MNT at Misheel Expo

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Trans. by Z.TSELMEG Tsagaan Sar begins on Feb 18, the first day of the Lunar New Year. Mongolians are busy with preparations for serving fat-tailed lamb, steamed dumplings, and food and dairy products for Tsagaan Sar. Every year, primary producers organize an exhibition to showcase domestically made products and sell them. Producers and retailers earn [...]

January 30th, 2015 | Posted in Opinion | Read More »

Has the government ignored the meat sector?

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Trans. by B.DULGUUN Many Mongolians were shocked to see headlines reading “Atar Urgoo Bakery to sell half loaves of bread” and “Number of people staving off hunger with dog meat increases”. Another surprise is awaiting meat-loving Mongolians, as meat companies have begun preparing to sell smaller sized packages of meat at 200 to 250 grams. [...]

January 30th, 2015 | Posted in Opinion | Read More »

PRIME MINISTER CH.SAIKHANBILEG DISTRACTED FOR OVER A MONTH

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It has been over month since Prime Minister Ch.Saikhanbileg’s cabinet was approved by the parliament. Having not been able to achieve what they promised to do, the government that offered solutions not only grew bigger, but also became distracted. Meanwhile, the MNT rate against USD, which mirrors how the economy is doing, soared from 1,880 [...]

January 26th, 2015 | Posted in Opinion | Read More »

Mongolian manufacturing dreams crushed by the banking sector

Trans. by Ch.KHALIUN If a recent report from the National Statistical Office is correct, it seems that most of the commercial banks in Mongolia might soon close their doors. We can find pawnshops on the corner of every building in every district in Ulaanbaatar, which means that pawnbrokers are seeing strong business while banks suffer. [...]

January 26th, 2015 | Posted in Opinion | Read More »

Challenges facing Mongolian orchestras

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Trans. by Z.TSELMEG Mongolia has had a rich tradition of a national orchestra since the thirteenth century. By a 2005 presidential decree, the Great State Orchestra with 120 members was created. But some of Mongolia’s classical musicians are complaining about the national constitution of the orchestra and ensemble, and say that they lack instruments and [...]

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

Pawnbroker loans from Mongolian banks are crippling development

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Trans. by B.TUNGALAG President of Mongolia Ts.Elbegdorj said at a session of the State Great Khural, “How do we build factories without money and loans? An interest rate of 24 percent per year can’t build factories. Banks in Mongolia are working like pawnbrokers.” Leading economists agree that it is almost impossible for companies to become [...]

January 20th, 2015 | Posted in Opinion | Read More »

Dishonesty won’t get us through an economic recession

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Trans. by B.NARANTUYA Who is the economic amnesty law dedicated to? If the law is to be approved, authorities believe that the USD exchange rate will decline. As a result of the economic recession and pressures from tax authorities, 54,337 businesses, nearly 50 percent of all registered entities, have gone out of business. After the [...]

January 20th, 2015 | Posted in Opinion | Read More »

Character becomes destiny

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This is the last of the three articles I have written using the notes  I took during my interview with His Holiness the 14th Dalai Lama in Delhi, about three weeks ago. The first article talked about the great spiritual transition taking place in Mongolia’s society, whereas the second one was about happiness and the [...]

January 18th, 2015 | Posted in Opinion | Read More »

Will taxes make up for budget shortfalls?

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Trans. by D.SERGELEN The government’s budget amendments to the taxation law have angered the public. The government has taken the position that increasing taxes will generate a significant percentage of the financing required for the state budget. Recently, Members of Parliament and other high-ranking government authorities have discussed the effectiveness of downsizing ministries and agencies [...]

January 13th, 2015 | Posted in Opinion | Read More »

In the pursuit of happiness

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It has been several days since I came back from traveling to India and interviewing His Holiness the 14th Dalai Lama Danzanjamts for my “defacto” television program. Last week, I wrote an article titled “Mongolia’s great spiritual shift”, to summarize and reflect on the Dalai Lama’s teachings that relate to our society, economy, and public [...]

January 13th, 2015 | Posted in Opinion | Read More »

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