Thu, 23 Feb 2012 09:26:09

Business
Gifts Exhibition Disappoints Customers

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By B.BYAMBADORJ

This news report was translated from the “Zuunii Medee” newspaper.
The announcement of the exhibition ‘Mongolian Gifts and Tsagaan Sar’ was definitely welcome news for busy Mongolian citizens just days before the celebration. The exhibition was widely advertised on TV, proclaiming that everything concerning Tsagaan Sar would be on sale there.
Upon our arrival at the exhibition on February 16, the first product that caught our attention was “ul boov” (a sort of Mongolian traditional cake). Last year, the price for one ul boov was 1,200 – 1,500 MNT but this year the cheapest price for the cake was 1,500 MNT.

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Reserve meat will be increased by 10,000 tons

 

mah hartsaga1By B.BYAMBADORJ

Members of the State Great Khural decided Wednesday to add an additional 10,000 tons of meat to the 9,000 tons already reserved in Ulaanbaatar.
Around 16,000 tons of meat was originally reserved for Ulaanbaatar, but unforeseen demand will deplete this before summer.
The additional meat will come from rural areas outside of the city.

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TT CEO unfazed by delays An interview with Erdenes Tavan Tolgoi CEO, B. Enebish

 

enebish TUYA122222By B.BYAMBADORJ

A Government Assembly meeting was held regarding TT’s nominal value stocks that are in its 39th Protocol. What happened regarding this?
It has been postponed until next week.
In your opinion, what decision will be made? Is it really necessary to make changes to the 39th Protocol?
Erdenes Tavan Tolgoi is a state owned company. Responsibilities for vital decisions that concern stocks go to the Government. We will work within the guidelines issued by the Government. The decision will be made soon.
We will release stock in late May. But a lot of things will depend on the international stock exchange markets and on how fast the process of giving out stock to people and private companies go.
As for our productions, we aim to produce 3 – 4 million tons of coal this year.

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Domestic producers showcase goods at Made in Mongolia Exhibition

 

tsagaan idee_amgaa1By B.BYAMBADORJ

The Made in Mongolia exhibition at the Misheel Expo Center opened on Thursday, February 9 and will run until February 13.
Over 180 individuals and private companies with around 800 product brands are taking part in the exhibition. 41 companies are from the food industry, 21 are from the wool industry and 28 are from the skin and hide industry.
Additionally, there were medical and jewelry products on sale. The aim of the exhibition is to promote the purchasing of domestic products during the Lunar Month Holiday instead of imported products.
Some retailers had the prices of their products reduced by up to 30 percent.
Food products included sausage, biscuit, cookies, cakes, and dairy products. Many were unique to their respective areas, such as dried fish, various kinds of honeys and teas.

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Frauds profit from Government meat reserves

 

maxnii delguur_TUYA1By B.BYAMBADORJ

Translation from “Udriin Sonin.”
Concerned administration and organizations have said that reserved meat may only last until July 2012.
The city has ordered 20 companies to reserve nearly 20,000 tons of meat to meet people’s demands, and avoid the spike of meat prices in the winter seasons. Over 4,000 tons of meat has already been sold.
Sources indicate that the companies have actually preserved a relatively small amount of meat compared to what they claimed to have held aside. Dealers at Huchit Shonkhor and Narantuul markets say that the companies are purchasing tons of meat from them to make up for the required amount that they currently distribute to stores and shops.
Bolortuya, head of the Marketing Department at Makh Impex, a majority holder of the reserved meat, says “Our Company has reserved 16.6 percent of the total meat. We have begun preserving meat starting in October 2011 and ended in mid-December 2011.

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