Home » April 24th, 2013 Entries posted on “April, 2013”

Government talks of easing foreign investment law

Published Friday April 19, 2013 By B.Khash-Erdene The Economic Standing Committee met on Wednesday to discuss proposed changes to ease the “Regulation of Foreign Investment in Business Entities Operating in Sectors of Strategic Importance,” which requires that foreign investors obtain parliamentary approval if they are investing more than 100 billion MNT (70 million USD), or [...]

April 24th, 2013 | Posted in Business & Economics,Domestic,Politics | Read More »

Ratings service downgrades Mongolia’s outlook

Published Friday April 19, 2013 By B.Khash-Erdene Standard & Poor’s Ratings Services announced Tuesday that it has revised its rating outlook on Mongolia from “stable” to “negative.” The ratings service company also affirmed the “BB-“ long-term and “B” short-term sovereign credit ratings on Mongolia and affirmed its “BB-“ issue rating on the country’s senior unsecured [...]

April 23rd, 2013 | Posted in Business & Economics | Read More »

Mongolia listed among top ten uranium rich countries

Published Monday April 22, 2013   By B.Khash-Erdene French miner Areva’s subsidiary, Areva Mongol, announced last week that it has discovered a 54,000 ton uranium deposit in Zuuvch Ovoo. According to Areva, this finding doubles Mongolia’s currently estimated uranium deposit, placing the country among the top ten uranium rich countries in the world. The company [...]

April 23rd, 2013 | Posted in Business & Economics | Read More »

Mine audit launched to resolve Oyu Tolgoi cost overrun

Published Monday April 22, 2013   By B.Khash-Erdene Minister of Finance Ch.Ulaan informed the press last week that the jointly-owned Oyu Tolgoi project is under audit to investigate the reason for the 2 billion USD overspend in the initial phase, Bloomberg reported on Friday. “We are checking procurement documents and expenditures,” said Finance Minister Ch.Ulaan. [...]

April 23rd, 2013 | Posted in Business & Economics | Read More »

United Nations report advocates policy of inclusivity and sustainability

Published Monday April 22, 2013   By B.Khash-Erdene A new report by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), titled “Economic and Social Survey of Asia and the Pacific:  Forward-looking Macroeconomic Policies for Inclusive and Sustainable Development”, launched on Thursday, April 18, has urged governments of the Asia-Pacific region [...]

April 23rd, 2013 | Posted in Business & Economics | Read More »

Genie Energy signs oil shale development agreement with PAM

Published Monday April 22, 2013   By B.Khash-Erdene Genie Energy said in a press release on Friday that its subsidiary, Genie Oil Shale Mongolia, LLC (Genie Mongolia), and the Petroleum Authority of Mongolia (PAM) have entered into an exclusive oil shale development agreement to explore and evaluate the commercial potential of oil shale resources on [...]

April 23rd, 2013 | Posted in Business & Economics | Read More »

Erdenet cashmere factory opens

Published Wednesday April 24, 2013 By B.Khash-Erdene The Minister of Agriculture and Industry, Kh.Battulga, opened a new cashmere factory in Erdenet on Sunday as part of his visit to the Erdenet Khivs Carpet Factory in Orkhon Province. The Erdenet Cashmere Factory was opened with ministry support following a commitment made by the government last year [...]

April 23rd, 2013 | Posted in Business & Economics,Онцлох мэдээлэл | Read More »

Five lessons from Thatcherism

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The Great Albion bade farewell to the Iron Lady on April 17. Thousands came to show their respect for Lady Thatcher while her casket, covered with the union flag, was carried from the Palace of Westminster to St Paul’s Cathedral. Margaret Thatcher, who was the most famous of the 20 prime ministers of the 20th [...]

April 23rd, 2013 | Posted in Opinion | Read More »

Government-driven EFL training: Is Mongolia left behind?

Is Mongolia left behind Pic

By JERICK AGUILAR Mongolia is an example of an EFL, or English as a Foreign Language, country.  The first and official language here is Mongolian, and English is just one of the foreign languages that Mongolians speak aside from Russian, Chinese, Korean, Japanese, etc.  In comparison, there are also ESL, or English as a Second [...]

April 23rd, 2013 | Posted in Opinion | Read More »

L.Bold acquainted with 22.5 km road under construction

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By E.DARI The Minister of Foreign Affairs andMember of the Parliament L.Bold was introduced to the expansion and renovation work of 22.5 km of road from Nisekh control post to Biocombinat and to the Poultry farm. The road from Nisekh control post to Biocombinat was built in 1972 and the road from Biocombinat to the [...]

April 23rd, 2013 | Posted in Politics | Read More »

Recently Commented

  • Oyun: www.theblueeconomy.org
  • Honheree: It is a sad and awful sight to see so many animals dead from dzuds. These have happened in the past and since 2004 there have...
  • Harvey Dent: Mongolia does not get 476,000 tourists a year. Its gets 476,000 arrivals, most of these are Chinese construction workers....
  • Honheree: It is good but unusual that a Mongolian is so forthright. I am D. Ganbold will be criticised by Mongolians for telling the...
  • Honheree: Be thankful Mongolia is so cheap. In USA lamb in stores costs 69,281 MNT /kg and sirloin which is cheaper cut of beef is...