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 MongolBeat or its members.

Today's Stories

Politics

• Budget Standing Committee: Supported the Discussion of the Bill on Amendments to the Budget Framework Statement for This Year and the Budget Estimates for 2026-2027
• A Proposal to Form a Working Group to Resolve Issues Related to Oyu Tolgoi Project's Tax, Environment, and Other Matters as a Package
• Supported Urgent Discussion of the 2025 Budget Amendment
• Focus will be given to the issue of legalizing remote notarization
• Parliament: Deciding Whether to Urgently Discuss Draft Laws
• O. Zolbayar: I regret that a certain Member of Parliament has made blatantly false, unethical, and irresponsible statements accusing the President of Mongolia of a grave crime
• Parliament to Take Leadership in Implementing Gender-Sensitive Budgeting
• Pocket Funds Shielded by Law
• G.Tuyaagerel: Blackmail Politics Are Emerging

Economy

• Economists Explain That We Need to Mine Primary Gold Deposits to Save the Economy
• B.Delgersaihan: In the Duration of the Long-Term Contract, It Is Possible to Transport 247 Million Tons of Cargo and Earn $3.7 Billion in Revenue
• J. Bayasgalan: Inflation will rise in 2026 when heating prices are increased
• T.Tserenbadral: We are close to connecting domestic capital market participants with the international capital market
• Transport Development Bank Removes Fees for Yuan Transactions
• TODAY: "Standard in the Business Environment" Discussion to be Held
• Agreement Reached to Sell Two Thousand Tons of Horse and Halal-Processed Mutton
• Khaan Bank Receives Approval to Issue the First Domestic 'Gender Bond' on the Mongolian Capital Market
• It was stated that several measures are needed to reduce loan interest rates
• "The Issue of 115,000 Mortgage Borrowers Addressed by Just 174 Complaints"
• Netcapital ABS Launches Mongolia's First Open Public Asset-Backed Security (ABS) Primary Offering with 20% Annual Interest Rate
• S. Batbaatar: Improving Standards for Products and Services Will Have a Positive Impact on the Economy
• A-92 Gasoline Price Increased by 6.4% Compared to the Same Period Last Year

Diplomacy

• Implementing the 'Responsible Mining - Sustainable Development' Goal with Canada
• Expressing Firm Support for Cooperation between the UN and Mongolia
• Foreign Ministers of Mongolia and Kazakhstan Hold Talks
• Mongolia and Uzbekistan Elevate Relations to Comprehensive Partnership

Infrastructure

• Draft Law on Amendments to the Energy Law Submitted
• Road Closures and Repairs to Begin at Five Locations
• Will Build Open and Underground Parking Lots at 40 Locations in the Capital City
• Ch. Tugsdelger: We will build a large capacity paid underground parking lot near the State Department Store in cooperation with the private sector
• S.Shijirbaatar: The pedestrian path renovation from Marshal Bridge to Central Tower intersection will be completed in August
• Schedule of Power Outages on June 27
• Road Closure Due to Rainwater Drainage Pipe Installation
• Inspected Ongoing Development Projects in Bulgan Soum
• 370 Open Car Parking Spaces to be Built Around the Tenth Microdistrict

Society

• Mongolia Advances 20 Places in Gender Gap Index
• 208 People Face Criminal Charges Over Drug-Related Offenses
• Border Station Schedules During the Naadam Festival
• A Mongolian Citizen Sought by Interpol Arrested in Turkey
• Barloworld Mongolia LLC and Good Neighbors International Organization Review Implementation of the 'Precious Value' Project for 2024-2025
• "Food Service Permits for Naadam Will Only Be Issued to Businesses"
• The National III Conference of Auto Transport Workers Concludes Successfully
• ELFC Coin Money Laundering Case Involving A. Sumyabat Transferred to Trial Court; Preventive Measures Maintained
• EVENT: On World Drug Day, a Call to Action for Youth and Information on the National Situation

Environment

• Discussions Held on Project to Transition Ger Districts from Coal to Solar Energy
• The "Cycle" of Drought, Zud, and Flood Alarms Countries
• Selenge Province Declares Heightened State of Readiness, Fighting 10 Forest Fires in Six Districts
• Khyanngan on the Highlands: Developing a Brand for Sustainable Tourism
• As of Today, 13 Forest and Grassland Fires Are Burning

Innovation

• Unitel Group Launches Mongolia's First 5G-Compatible Mobile Internet
• Memorandum Signed to Implement the Japan-Mongolia Sasakawa Scholarship Program
• Obtaining Quality Singaporean Education at the Most Affordable Price

Health

• More than 50 international scientists exchange experiences in the field of blood stem cell transplantation
• Emergency Medical Services to Be Provided by Helicopter
• After Naadam, citizens increasingly seek medical attention for pancreas, poisoning, and stroke cases

Arts

• The 'Kharkhorum 2025' International Film Festival Begins This Friday

Politics

Budget Standing Committee: Supported the Discussion of the Bill on Amendments to the Budget Framework Statement for This Year and the Budget Estimates for 2026-2027

Published: 2025-06-26 | Translated from: isee.mn

At today's meeting of the State Great Khural’s (Parliament) Budget Standing Committee, they discussed whether to consider the bill amending the Law on the Budget Framework Statement for 2025 and the Budget Estimates for 2026-2027, as well as accompanying bills submitted together. The explanatory statement was presented by Member of Parliament and Cabinet Secretary S. Byambatsogt. He stated that Mongolia’s economic growth was 7.4% in 2023 and 4.9% in 2024, but has fallen to 2.4% in the first quarter of 2025. Total exports in the first five months of 2025 reached 5.4 billion USD, falling by 15% or 931 million USD compared to the same period last year, and total budget revenue in the first five months of 2025 reached 11.4 trillion MNT, down by 11% or 1.3 trillion MNT from the same period last year. The price of coal, one of the main export goods, averaged 72 USD in the first five months of 2025 as per official statistics by the Customs, which is about a 40% drop compared to the same period last year. Due to the decrease in export budget revenues and slowing economic growth, the consolidated budget revenue for 2025 is not expected to reach the minimum revenue required in the Budget Framework Statement. As the structure of the Government has also changed, a supplementary budget is being prepared in order to reorganize budget allocations among main budget managers, and thus, this bill is being submitted to amend the Law on the Budget Framework Statement for 2025 and the Law on Budget Estimates for 2026-2027. According to the bill, the 2025 balanced budget income will be reduced by 3.2 trillion MNT and, on the other hand, expenses will be reduced by 1.9 trillion MNT, putting the balance at a deficit of 1 trillion 365 billion MNT. With the update of the 2026-2027 consolidated budget estimate, it is necessary to amend the respective laws for the 2026 Budget Framework Statement and the 2027-2028 Budget Estimates, and these amendments are submitted through the accompanying law package. Committee members asked questions regarding the explanatory statement. For example, Members of Parliament D. Purevdavaa and J. Bayasgalan asked to clarify the methodology for calculating inflation, as it reached 8.3% as of May 2025. They noted that the actual inflation is underestimated despite continued price increases. The bill's initiator, Cabinet Secretary S. Byambatsogt, replied that although inflation was projected at 7.2% in the Budget Framework Statement, it is considered at 9.5% factoring current economic conditions. The National Statistics Office calculates inflation weighted by the average price of approximately 430 goods and products commonly used. Thus, it is seen as an accurate calculation. Additionally, detailed materials on the calculation methodology will be sent to each member. After questions and answers, a vote was held on whether to discuss the bill. The majority of committee members present supported discussing the bill on amending the Budget Framework Statement for 2025 and the Budget Estimates for 2026-2027 and the accompanying laws. Next, the committee discussed the summary conclusion of the working group established by Order No. 192 of the Parliament Speaker in 2025, tasked with submitting and reviewing the medium-term Budget Framework Statement, budget, and budget performance to the Parliament, as well as studying the impact of related legislations and presenting recommendations. The conclusions were presented by working group leader and Deputy Speaker Kh. Bulgantuya. She noted that the working group established four subgroups responsible for reviewing foreign loans and aid, state budget investment, social sector budgets, economy and infrastructure sector budgets, civil servant salaries and social security, and related staff numbers, and for providing information and producing recommendations for Members. The subgroup discussed and presented consolidated proposals on budget schedule, social sector, civil servant salaries, social security and staff, economy, infrastructure, foreign loans, assistance, and state budget investments. For instance, one proposal is to start the Parliament’s autumn session from September 15 and add a new stage for reviewing the budget proposal, so the budget will be discussed in five stages, and to make the relevant amendments to the law. It was also proposed that, since Parliament sometimes accepts Presidential vetoes on the budget, the procedures and session schedules for discussing and passing the budget need to be adjusted to avoid legal disputes and clarify the legal grounds in such cases. Furthermore, government officials, heads and staff of state and local government-owned legal entities, and those working on foreign and domestic loans and aid projects have compensation and social security regulated separately; some types of salaries, bonuses, and additions are uncoordinated or overly centralized. This negatively affects budget expenditures, public service productivity, and service quality for citizens. It is therefore suggested to develop and adopt a "Law on Civil Servants' Salaries and Social Security" to unify and coordinate these issues, thus establishing a consolidated salary system. These and other proposals were submitted. In connection with the working group’s conclusions, members of the committee asked questions and made comments. Parliamentarians J. Batjargal, B. Zayaabal, and J. Ganbaatar, for example, expressed opinions about revisiting the budget schedule, keeping budget income estimates low to encourage a leaner government structure, the need for realistic budget expense planning, and pointed out that excessive budget increases over the last three years have contributed to current economic difficulties. This information was reported by the Parliament’s Press and Media Office.

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A Proposal to Form a Working Group to Resolve Issues Related to Oyu Tolgoi Project's Tax, Environment, and Other Matters as a Package

Published: 2025-06-26 | Translated from: ikon.mn

Prime Minister of Mongolia G. Zandanshatar met with Katie Jackson, Director of the Copper Group at Rio Tinto. At the beginning of the meeting, the Prime Minister expressed his position on ensuring the implementation of Parliamentary Resolution No. 103 of 2021, "On Increasing the Benefits of Mongolia from the Oyu Tolgoi Deposit." He emphasized the need to view issues related to the Oyu Tolgoi project as a whole in order to ensure beneficial outcomes for Mongolia. Specifically, he highlighted the importance of working collaboratively to resolve issues such as operational transparency, procurement activities, taxes, the environment, and especially water usage as a package. The Prime Minister proposed the establishment of a working group composed of specialized experts to address these issues. Katie Jackson, Director of the Copper Group at Rio Tinto, expressed her openness to sitting at the table and working together on outstanding issues that require solutions. The meeting was also attended by S. Narantsogt, CEO of Erdenes Mongol, Kh. Amarjargal, CEO of Rio Tinto Mongolia, and S. Mönkhüukh, Director of Growth and Development at the company, according to a report from the Government's Press and Public Relations Office. Notice: Media organizations (television, radio, social, and web pages) are prohibited from using our information in whole or in part in any form without agreement, and must only use it with reference to the source (ikon.mn) upon agreement.

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Supported Urgent Discussion of the 2025 Budget Amendment

Published: 2025-06-26 | Translated from: isee.mn

At today's morning plenary session of the State Great Khural, the following issues were discussed. Specifically, proposals to amend the Law on the 2025 State Budget of Mongolia, the Law on the 2025 budget of the National Wealth Fund, the Law on the 2025 budget of the Social Insurance Fund, and the Law on the 2025 budget of the Health Insurance Fund, as well as related bills and resolutions, were supported for urgent discussion by 67.5% and were transferred to the Standing Committee on State Structure. The draft law to amend the Law on Legislation, submitted by Member of Parliament D. Tsogtbaatar and eight other MPs today, together with related bills and draft resolutions, was transferred to the Standing Committee on Legal Affairs for preparation of a final discussion and approval. The draft stipulates that the effectiveness evaluation of legislation must be conducted by independent researchers or experts. If members of parliament initiate legislation themselves, supporting documents such as cost estimations must be prepared either by the Secretariat of Parliament or by legal entities working in legal or budgetary fields. The final discussions were also held on government-submitted amendments to the Law on Criminal Procedure and related bills. Additionally, the draft law to amend the Law on the National Naadam Festival was supported for conceptual discussion and sent to the Standing Committee on State Structure to prepare for initial discussion. The draft proposes modifying the current regulation that "the anniversaries of the founding of the Great Mongol State and the restoration of national independence by the People's Revolution are celebrated together as the National Festival" to now read as "the anniversaries of the founding of the First State, the founding of the Great Mongol State, the restoration of national freedom by the National Liberation Revolution, the People's Revolution, and the Democratic Revolution are all celebrated together as the National Festival."

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Focus will be given to the issue of legalizing remote notarization

Published: 2025-06-26 | Translated from: news.mn

The 15th meeting of the Asia Affairs Commission of the International Notarial Union is being held in Ulaanbaatar. The international conference, on the topic of "Legal Regulation and Practice of Remote Notarization," was attended by the Minister of Justice and Internal Affairs, L. Munkhbaatar, who delivered a speech. He emphasized that this meeting is timely, addressing pressing and important issues, and highlighted that while remote notarization is not yet legalized in Mongolia, the Mongolian Chamber of Notaries has evaluated the results of the implementation of the Law on Notaries and submitted its proposals for amendments to the Ministry of Justice and Internal Affairs, which the Ministry has received and is reviewing. He also noted that integrating notarization into the government’s digitalization policy, uploading notarized actions into the E-Mongolia system, providing access to citizens to 84 types of government-issued references and information with the consent of the information owner, and intermediating the registration of client documents to government institutions represent significant progress. As the Minister of Justice and Internal Affairs, he affirmed his full support for the activities of the Mongolian Chamber of Notaries and pledged to pay attention to the issue of legalizing remote notarization. The 15th meeting of the Asia Affairs Commission of the International Notarial Union was attended by Lionel Galliez, President of the International Notarial Union, Dan Jiamin, Vice President for Asia, and over 70 representatives from four continents.

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Parliament: Deciding Whether to Urgently Discuss Draft Laws

Published: 2025-06-26 | Translated from: news.mn

The next agenda item is the final discussion of the draft Law on Amendments and Additions to the Law on Legislations, as well as the related draft laws and resolutions jointly submitted. MP O. Nomintsetseg presented the Standing Committee on Legal Affairs’ proposal and conclusion on whether the draft law is ready for the final discussion. Following this, as per the pre-registered speaker list, MPs started to ask questions and receive answers regarding the committee’s proposal and conclusion. The parliamentary session voted on whether to urgently consider the draft laws. Specifically, amendments to the following were discussed: - The 2025 Budget Law - The 2025 Budget Law for the National Wealth Fund - The 2025 Budget Law for the Social Insurance Fund - The 2025 Budget Law for the Health Insurance Fund The vote was held to decide whether to support the urgent consideration of these draft laws and the jointly submitted draft laws and resolutions. The measure was supported by 67.5% of MPs. Consequently, the majority of MPs supported the urgent consideration, and the mentioned draft laws and related documents were transferred to the Standing Committee on Budget for further review. Deputy Speaker Kh. Bulgantuya opened the Thursday session of the Parliament with a 57.1% attendance, stating that the following six issues would be discussed: 1. Deciding whether to urgently discuss the draft law in the plenary session of the Parliament; 2. Final discussion, questions, and answers (60 minutes) on the draft Law on Amendments to the Law on Legislation and related drafts, submitted by MP D. Tsogtbaatar and 9 other MPs; 3. Final discussion, questions, and answers (60 minutes) on the draft Law on Amendments to the Criminal Procedure Law and related drafts, submitted by the Government; 4. Discussion, questions, and answers (60 minutes) on the draft Law on Amendments to the National Festivities Law, submitted by MP B. Jargalan and 40 other MPs; Additionally, in the afternoon session, the Parliament is scheduled to: 5. Present the nominee for the Supreme Court judge; 6. Discuss the appointment of a non-staff member to the Financial Regulatory Commission.

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O. Zolbayar: I regret that a certain Member of Parliament has made blatantly false, unethical, and irresponsible statements accusing the President of Mongolia of a grave crime

Published: 2025-06-26 | Translated from: isee.mn

Member of Parliament S. Ganbaatar reported on his social media that the Anti-Corruption Agency (ACA) searched the home of his neighbor and close younger sibling yesterday. Regarding this, he stated: "They are investigating and troubling various people near me, my assistants, and others. Khurelsukh, stop directing law enforcement from the ENKANTO sauna. Investigate me. You won't find anything. Khurelsukh, stop believing you are a king and having law enforcement harass those who criticize you. I am telling you, you are being driven by a devilish desire to be re-elected." In response, O. Zolbayar, Head of the Press and Public Relations Department of the Presidential Administration, announced on his social media that he is issuing a "denial." He stated: "Recently, I regret that a certain Member of Parliament has repeatedly made blatantly false, unethical, and irresponsible statements accusing the President of Mongolia of a grave crime. We officially refute the deliberate dissemination of false information that does not correspond to the facts. The President of Mongolia has repeatedly expressed the position that, in order to establish justice in society, it is necessary for the law, not individuals, to govern, and that Mongolia should further strengthen its parliamentary system and perfect its democratic governance. Additionally, the Constitution of Mongolia stipulates that the dignity and immunity of the President shall be protected by law, and that everyone is equal before the law and the courts. Therefore, I urge the lawmaker, as a Member of Parliament, to uphold the Constitution and other laws of Mongolia, and to immediately cease the unethical and irresponsible practice of deliberately spreading false information."

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Parliament to Take Leadership in Implementing Gender-Sensitive Budgeting

Published: 2025-06-26 | Translated from: news.mn

The 35th anniversary of Mongolia's permanent parliament will be celebrated this coming fall. Our State Great Khural (parliament) has earned international respect for being the first in the Asian region to bravely conduct its own gender self-assessment and for increasing the quota for female candidates in its electoral system. Mongolia’s parliament became a member of the Inter-Parliamentary Union (IPU) in 1962 and has extended its mutual memorandum of understanding twice since 2022, working together actively. Within this cooperation, over the first two days of this week, participants discussed strengthening parliamentary roles and involvement in human rights mechanisms and the implementation of the Convention on the Elimination of All Forms of Discrimination against Women. Additionally, to mark the upcoming International Day of Parliamentarism on June 30th, the State Great Khural, the group liaising with the British Parliament’s IPU, and the staff of the IPU jointly organized a trilateral discussion on the theme of “Gender Equality.” This year, the day is celebrated under the slogan “Achieving gender equality, action by action.” The initial 126-member parliament began to actively focus on implementing people-centered policies, proudly presenting its leadership on human rights initiatives at every meeting. Reinforcing this, a televised video greeting from Mr. Martin Chungong, Secretary-General of the Inter-Parliamentary Union, praised Mongolia’s parliament for achieving concrete results in human rights, gender equality, and the development of parliamentary democracy. With IPU support, Mongolia’s parliament has completed a human rights and gender self-assessment, leading the Asian region. Its next major ambition is to build a modern parliament that increases its participation in the development, implementation, and assessment of policies and methodologies for human rights and gender-sensitive budgeting, activates the partnership with civil society organizations, and bases its work on innovation. People-centered policies are inherently linked to the 17 Sustainable Development Goals, which aim to leave no one behind. The real benefits of a multi-party parliament are now being realized. The Parliamentary Subcommittee on Human Rights has already started monthly meetings with representatives from civil society. Two members—a man and a woman—who represent individuals with disabilities, have also made significant contributions. It is now internationally recognized that gender is not only an issue for two sexes. Consequently, Mongolia adopted a Gender Equality Law over 10 years ago and is now seeking to update it to meet modern needs, ensuring a legal environment that focuses on people and protects the rights of citizens—an ambition led by Speaker D. Amarbaysgalan and the parliament. The IPU has given Mongolia’s parliament high marks and expressed its commitment for continued long-term support.

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Pocket Funds Shielded by Law

Published: 2025-06-26 | Translated from: news.mn

The government today talks about tightening spending and reviving the economy. However, in reality, the Parliament and the government have not taken bold steps to downsize the state or reduce the budget. For example, issues related to state funds continue to draw public criticism. With this in mind, we present an overview of information related to state funds. Special government funds are composed of national budget allocations, donations, aid, income from their own operations, interest on loans, and other sources. If Mongolia is truly aiming to cut its budget and downsize the state, there is no alternative but to make the efficiency, oversight, and accountability of these special funds—which have become huge “black holes” in the budget—more transparent and effective or to dismantle them entirely. WHAT IS A SPECIAL GOVERNMENT FUND? First, it is appropriate to explain what a special government fund is. The Law on Special Government Funds was revised, and from January 1, 2020, the new law has been in effect. This law establishes the types of special government funds, and regulates their formation, spending, performance reporting, and oversight. In short, a special government fund is a dedicated budgetary account to finance specific government functions and objectives. Simplified, as long as there is an issue, the state creates an agency or structure to handle it, secures funding and allowances around it, and then benefits through that. The income and expenditure report of a special fund is part of the unified governmental budget performance report according to the law. Therefore, it is possible to establish or dissolve a special fund by law. As of today, there are a total of 22 types of special funds in Mongolia. For example: Special government funds in Mongolia include: - Education Loan Fund - Small and Medium Enterprise Development Fund - Health Insurance Fund - Employment Promotion Fund - Environment and Climate Fund - Budget Stabilization Fund - Future Heritage Fund - Road Fund … and others. THE EDUCATION LOAN FUND: STEALING EVEN EDUCATION ITSELF Let’s take the Education Loan Fund as an example. The highest amount funded by this fund is the President of Mongolia Scholarship, which in 2024 was given to 338 students. Each year, the best graduate from each of the 330 soums and city districts of Ulaanbaatar is selected and given the opportunity to study at prestigious international institutions. According to the 2024 report of the General Audit Office, scholarships administered by the Education Loan Fund were found to have major deficiencies. For instance, it was found that reimbursements for 205 recipients of the President’s scholarship—with a total of $4,558,917.78 USD, €1,902,319.42 EUR, and 4,298,444,400 MNT disbursed—had not been verified. Furthermore, 68 students who participated in top international undergraduate or postgraduate programs and received 6,352,208,000 MNT in loans and scholarships violated the terms of their contracts. Four years ago, the Education Loan Fund was the center of public controversy. In 2023, then-Minister L. Enkh-Amgalan stated that, by law, the lists of those who received loans from this fund would be made public. At the time, the names and details of 421 students who had studied at the world’s top 100 universities, as well as information about their parents and loans, were published. However, the fund’s operations continue to have problems every year, and issues with loan repayment remain unresolved. According to the Anti-Corruption Agency, between 2008 and now, 87.6 billion MNT of loans to around 800 students were written off by 17 orders issued by six ministers. These orders were deemed illegal by the Anti-Corruption Agency, which, on September 30, 2024, recommended they be annulled. As part of an inspection into the loans and scholarships provided by the Education Loan Fund, documents of 2,288 students in undergraduate, master’s, and doctoral programs abroad were reviewed, and the eligibility of 47.1 billion MNT in loans written off for 941 students is currently under investigation. Thus, resolving the issues of the Education Loan Fund and providing equal opportunities for citizens now rests on the shoulders of Minister P. Naranbayar. After all, behind all this are the rights, hopes, and dreams of many children—not to be forgotten. Furthermore, the Small and Medium Enterprise Development Fund, the Health Insurance Fund, and other funds have also attracted criticism for being pocket funds shielded by law. There is even a saying that all the funds except the National Library Fund have been looted, which is not entirely unfounded. From time to time, news spreads on social media that state hospitals are charging patients due to the General Health Insurance Agency stopping funding for public hospitals. Each time, the Minister of Health denies it and claims the information is false. Yet, the poor state of the Health Insurance Fund cannot be denied. The contracts with both state and private hospitals have exceeded funding, and, on top of that, money that should have been deposited in the fund’s account disappeared with bankrupt banks. Despite a large amount of funding flowing into the insurance fund, there seems to be no one focused on managing it efficiently and properly. At the end of last year, the Anti-Corruption Agency was investigating 11 people, including former Director of the General Health Insurance Agency L. Byambasuren, regarding alleged misconduct. Similarly, during the last parliament in 2018, high-profile politicians were associated with a large-scale theft from the SME Fund. Out of 134 companies granted loans, 122 were reportedly affiliated with members of Parliament. The Anti-Corruption Agency announced at the time that 39 out of 64 members of the ruling party in Parliament were linked to SME fund loans. Of these, only former MP B. Soltan received a five-year ban from public office and a three-year prison sentence—awarded to be served in an open prison facility. Another key figure, MP B. Batzorig, was sentenced by the first-instance Criminal Court of Bayanzurkh district to a five-year ban from public office and fined 40 million tugriks. In addition, there were recommendations to suspend the mandates of MPs B. Undarmaa, G. Soltan, L. Enkhbold, D. Damba-Ochir for their involvement, but as is typical, these scandals faded away without resolution.

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G.Tuyaagerel: Blackmail Politics Are Emerging

Published: 2025-06-26 | Translated from: news.mn

We spoke with G. Tuyaagerel, Associate Professor at the Department of Political Science and International Relations, School of Public Administration, National University of Mongolia. — The General Election Commission has announced that, for the first time, political parties have received 6.9 billion MNT in financing from the state. Citizens and the public are criticizing that funding corrupt and bloated political parties with taxpayers’ money is wrong. As a political scientist, how do you see this legal regulation as a tool for creating more responsible and transparent parties and coalitions? — Whenever the topic of political parties arises, there is a tendency and perception in society that everything would be fine if parties didn’t exist. However, it is absolutely impossible to discuss strengthening democracy, fostering parliamentary systems, or ensuring the stability of the executive branch without political parties. Therefore, the foundation of all political processes is linked to the maturity of political parties. There is no concept of politics without parties. For example, people speak about voting for candidates during parliamentary elections, but in reality, these candidates are nominated and recognized within the framework of their political parties. Essentially, we are voting for parties, not individuals. Why do political parties now suffer from such a negative reputation? The main reasons are that they fail to be responsible, their financing is opaque and hidden, they compete unfairly in elections, and they block opportunities for smaller parties—the list goes on. In the academic sphere, these are described as both formal and informal factors. With the revised law on political parties coming into force as of January 1, 2024, there is at least a ray of hope for the development and maturity of political parties. On the other hand, some say that this law actually solidifies the power of monopoly parties and offers little hope for light. This view is mostly related to the funding aspect. There is a misconception that state financing means parties are completely funded by the state. Not true. While researchers can read and discern the principles and core content of this law, how many ordinary citizens or voters read and understand it? There is a significant difference between raising issues after reading the law and denying the process without reading it. Therefore, it is necessary to explain and clarify what changes the law on political parties introduces, what is considered financing, what percentage is state funding, how this will be limited, and in what direction the institution of political parties is intended to develop. There is little voter education or political activity in this regard, but it is very important. On the other hand, this law regulates that parties must implement it themselves—updating internal regulations, establishing rules, reporting finances transparently, diversifying sources of income, and maintaining a single account. Real desire and political will from the parties are needed to implement the law. Otherwise, at the first stumble during implementation, parties might try to retreat. — Are you talking about the draft law initiated by Member of Parliament J. Aldarjavkhlan? — Yes. Even though the law on political parties has only recently come into effect, there is a draft from a named MP seeking to roll back four provisions related to party financing. If these four provisions are amended and implemented from 2028, it would be one step forward, two steps back. Therefore, all sides need to understand and study exactly how the concept of state financing is enshrined in the law. Mongolia's unified legal information system lists 838 laws. Only about 48–49% are steadily enforced, while the rest are either invalid or unused. Even so, we need to think about the proportion of citizens who diligently read and apply the laws that are relevant to their daily lives. Instead, negative opinions often come from hearsay or social networks, leading to mass reaction to information. Social network infacts greatly influence government decisions in Mongolia. Sometimes, if an issue is deliberately criticized or praised online and gains traction, state decisions may follow suit. This social phenomenon has significant influence, but the Law on Political Parties is not one designed to monopolize the two main parties. — Yet, some ruling party MPs are initiating amendments to this law? — That’s right. In other words, the desire to amend the law comes from the Mongolian People’s Party (MPP), which actually contradicts the suspicions and criticisms from the public. If the amendment favored the monopoly of two parties, such an initiative wouldn’t have been proposed. — In the current political situation, it is true that small parties cannot compete on equal grounds. Voters often say that small parties are used as tools by larger political forces. With the new law, will this kind of situation disappear? — Political science has not definitively proven that Mongolia will only ever have two dominant parties. However, given the number of parties, their membership, and voter choices, we could say Mongolia has about 1.5 parties, meaning primarily MPP and the Democratic Party (DP). But it is not strictly defined as such. There is also a social demand for second, third, and fourth parties. Because society wants these parties to emerge, we discuss the maturity of smaller parties. In colloquial speech, the process of smaller parties teaming up with major ones to share the benefits of decision making is sometimes called "political prostitution," but in political science, it is termed “blackmail politics.” This means that, in coalition governments, depending on the number of seats and the power of the two main parties, the chance that a third or fourth party could tip the balance creates opportunities for negotiation. Because the main two parties together may not have enough votes to pass decisions, they must bring in minor parties—thus creating blackmail politics. To reduce this phenomenon, ensuring the independence of minor parties is important, especially financial independence, which is addressed by recent amendments regarding party financing. This aims to promote independent funding for parties and reduce populist competition and factions within parties. By minimizing blackmail politics, the amount of decision making based on mere power-brokering will decrease. When leaders owe favors to those who grant them power, or when deals are made to share power by admitting a third party, these processes can all be seen as examples of rampant populist competition. Alongside this, society is tending to believe in increasingly untrue things. — Could you summarize any recent research on the current state of Mongolian politics? — As an associate professor at the Department of Political Science and International Relations, National University of Mongolia, I am involved with our Democracy Research Center. We have conducted a series of studies for many years. Every year since 2000, our third-year students do fieldwork studying local government and the issues facing different regions. Additionally, with support from the Democracy Research Center and the Science and Technology Foundation, we conducted a project called ‘Analysis of Political Processes in Mongolia,’ which studied 34 years of history from 1990 to 2014. These studies concluded that the process of democratization in Mongolia has overlooked the vital elements of civil society and citizen participation. Political culture supporting democracy is the biggest cultural factor to sustain democracy, but focus has shifted excessively to state and party institutions. Furthermore, in cooperation with the German Konrad Adenauer Foundation, the Policy Experts Council has conducted policy research. For the past three years, I have worked in a policy research group. Citizens have become very proficient in using digital networks, posting, commenting, and criticizing. However, actual active public participation is lacking—discussions are rarely about violating citizens’ interests, and more about online shopping, exclusion, or sharing sensational news and fighting for likes and comments. This means we are not utilizing the digital environment for true public participation. In another study, we examined how the legislative body fulfills its representative duty. Parliament is failing at this, largely because the selection system for party candidates is closed—hence, MPs do not serve constituent expectations. This leads to declining public participation and a withdrawal from politics. Our latest study is yet to be published, but preliminary findings suggest that executive government instability is closely related to internal party factions, irrational choices, and opaque financing—leading to the executive being captured by party interests. There is a lot of research on ongoing political and social processes. The main task is for policymakers and legislators to actually utilize the findings. Even though the importance of academic involvement and scientific value is often talked up, the process by which those scholars are truly involved remains limited.

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Economy

Economists Explain That We Need to Mine Primary Gold Deposits to Save the Economy

Published: 2025-06-26 | Translated from: isee.mn

The price of coal, which supports our country's economy, has continued to fall, reaching $92 by April of this year. As a result, our country's budget has fallen short, and the economy is in a difficult situation. To counteract this, the government decided to announce and implement the nationwide "Gold-3" campaign with the goals of increasing the state’s foreign currency reserves, reducing pressure on the balance of payments and the exchange rate of the togrog, and ensuring economic stability. As such, it was decided to put named primary deposits with reserves of 100 tons into economic circulation to replenish the state budget. This is because the price of gold has reached a historic high on the world market. From the sector minister to Members of Parliament and economists, experts agree that it is necessary to mine our gold deposits to save the economy.

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B.Delgersaihan: In the Duration of the Long-Term Contract, It Is Possible to Transport 247 Million Tons of Cargo and Earn $3.7 Billion in Revenue

Published: 2025-06-26 | Translated from: montsame.mn

According to Mongolia's Government Action Plan for 2024-2028, 14 mega projects are planned, with the construction of cross-border railway connections at the Gashuunsukhait-Ganqmod, Hangi-Mandal, and Shiveekhuren-Sekhee border points at the forefront. As part of this initiative, an intergovernmental agreement between Mongolia and China was signed in Harbin in February to connect the Gashuunsukhait-Ganqmod border by rail, and an official groundbreaking ceremony was held in May to initiate construction. Under the Mongolia-China agreement, a historic long-term contract for the rail transportation of coal purchased by the "China Energy" group was established by the joint venture "Mongolian Railway," with the first shipment departing from the "Tavantolgoi" station. At the opening ceremony, Minister of Road and Transport Development B. Delgersaihan stated, "After more than 60 discussions and negotiations since 2003 and 17 years of continuous talks since 2008, we have finalized the issues of cross-border railway construction and coal trade. We have officially launched coal transportation based on the contract and witnessed the historical first freight train shipment. Under this long-term coal transportation agreement, over 16 years, 247 million tons of cargo will be transported, coal exports will increase from an average of 83 million tons to 113 million tons per year, and only from rail transportation, $3.7 billion in revenue will be generated, making a real economic contribution. Furthermore, operational improvements to the Class 1 Tavantolgoi-Gashuunsukhait railway with a technical capacity to transport 30 million tons of cargo annually will increase the volume transported and lay the foundation for full capacity operation." Zhang Yansheng, Chairman of the Board of China Energy E-Commerce Co., Ltd., added, "The long-term coal sales and purchase agreement is a crucial component of the comprehensive cooperation between China and Mongolia. It is not only a lever that will increase Tavantolgoi’s production capacity and connect the cross-border railway, but also a bridge that links Mongolia’s mineral resources to the Chinese market. This marks the start of a 16-year-long future partnership between our two countries. As the Chinese responsible party, 'China Energy E-Commerce' Ltd. will uphold its original intent to promote energy collaboration, always remember its honorable duty to bring tangible benefits to the peoples of both nations, and, leveraging the wide scope of 'China Energy Group' activities and sales network, open a new chapter in Mongolian coal entering the market through today's launch." This project, which comes to fruition in Mongolia after 70 years, involves, under the intergovernmental agreement, three main areas: "Joint construction of cross-border railway," "Long-term coal sales and purchase agreement," and "Increasing coal mine capacity." Mongolia expects that under the long-term coal transportation agreement, 247 million tons of cargo will be transported in 16 years, generating $3.7 billion in revenue solely from cargo transportation. Both sides highlighted the significance of this event in expanding and developing the social and economic relations and cooperation of Mongolia and China, contributing to both countries' advancement and increasing investments.

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J. Bayasgalan: Inflation will rise in 2026 when heating prices are increased

Published: 2025-06-26 | Translated from: news.mn

At today's session of the Standing Committee on the Budget of the State Great Khural, amendments to the Law on Mongolia's Unified Budget Framework Statement for 2025 and the Budget Projection Law for 2026-2027, as well as other accompanying bills, were discussed and the majority agreed that they should be considered. According to the introduction, Mongolia's economic growth was 7.4% in 2023, 4.9% in 2024, and has dropped to 2.4% in the first quarter of 2025. Total exports for the first five months of 2025 reached 5.4 billion USD, which is a decrease of 15% or 931 million USD compared to the same period last year. The total budget revenue for the first five months of 2025 was 11.4 trillion MNT, a drop of 11% or 1.3 trillion MNT from the same period last year. The price of coal, the main export commodity, was an average of 72 USD according to the Customs General Administration's official data for the first five months of 2025, about a 40% decrease from the same period last year. Due to the drop in export revenue and the slowdown in economic growth, the consolidated budget revenue for 2025 is expected not to reach the minimum levels set in the budget framework statement. Also, due to changes in the structure of the government, a budget adjustment is being made to coordinate among the budget administrators, creating the need to amend the relevant laws for the budget framework statement for 2025 and budget projections for 2026-2027. The draft law reduces the balanced revenue of the 2025 budget by 3.2 trillion MNT and simultaneously decreases expenditures by 1.9 trillion MNT, resulting in a balanced budget deficit of 1 trillion 365 billion MNT. In connection to the bill, members raised questions and received answers. Member of Parliament J. Bayasgalan:
Inflation from the previous year was mainly influenced by increases in household electricity bills, rent, and clothing prices. However, the project's estimates optimistically forecast the consumer price index at 9.5% for 2025, 7% for 2026, and 6.4% for 2027. The Fiscal Stability Council estimates inflation at 8.2% for 2026, 7.2% for 2027, and 6.9% for 2028. There appears to be no coherence here. The Governor of the Bank of Mongolia indicated in his report that "by the end of this year, inflation could reach double digits," while business people maintain that "inflation is already in double digits." How were the effects on inflation calculated? For instance, if coal prices fall, it affects foreign currency reserves, and thus impacts inflation. How was this risk and currency exchange rate change accounted for? Prices of food items have increased by 9.2%, non-food items by 9.7%, and services by 16.4%. Prices are expected to keep rising. As of May 26, prices of main goods increased by 1.3% compared with the same period last year. When electricity prices increased at the end of 2024, inflation spiked in January 2025. The government has announced that in 2026, tariffs for hot water, cold water, and sewage will be increased, which will affect inflation. Nevertheless, you still project 7% inflation. I do not believe inflation will remain at this level next year. Was your research accurate? Cabinet Secretariat Chief S. Byambatsogt:
Although the budget framework statement estimates inflation at 7.2%, considering the current economic conditions, it was calculated at 9.5%. The National Statistics Office calculates inflation based on the weighted average prices of about 430 common goods and products. This is an organization under parliament, and there is no government intervention. Therefore, we consider the figure realistic. There are several key reasons for rising inflation: increased money supply, growth in consumer loans, budgetary expansion, and weakening of the currency rate, among others. The budget revision aims to reduce budgetary expansion, and the Bank of Mongolia is implementing policies to limit consumer loans. These measures are taken to keep inflation from rising, but still, inflation is predicted to grow to 9.5%. Ministry of Economic Development State Secretary I. Batkhuu:
Border, customs, and transportation logistics agencies are planning to actively implement measures that could positively affect inflation, such as faster clearance and reducing customs inspections. Sectors that had declined in the past 2-3 years are recovering. In the framework of the programs being carried out in this sector, measures are being taken to increase supply to reduce pressure on meat price inflation. Positive effects are expected from these measures. Eventually, it was decided that the bills should be discussed further and brought to the plenary session of parliament.

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T.Tserenbadral: We are close to connecting domestic capital market participants with the international capital market

Published: 2025-06-26 | Translated from: ikon.mn

Mongolia's capital market has seen significant growth in recent years. In connection with two major international events to be held in Ulaanbaatar this coming September — "Mongolia's Capital Market Connectivity (MCMC)" and the "30th Asian Securities Forum General Meeting" — we spoke with T.Tserenbadral, Deputy Chairman of the Financial Regulatory Commission. — Could you provide information on the current state of Mongolia's capital market and the main activities being carried out by the Financial Regulatory Commission? — In recent years, Mongolia's capital market has developed rapidly, with increases in market valuation, securities trading activity, and interest from investors, issuers, and market participants. This is the result of policy measures implemented by Parliament and the Government, as well as the Financial Regulatory Commission's close cooperation with issuers, market participants, professional associations, and infrastructure organizations. Key indicators reflecting capital market development show that as of the first quarter of this year, the market capitalization reached 12.83 trillion MNT, a fourfold increase since 2020. The volume of securities trading in 2024 reached 1.58 trillion MNT, doubling compared to the previous year. Of this, 57.8% was debt instruments, 22.7% equities, 6.5% investment fund units, and 13.0% asset-backed securities. In the over-the-counter market, from 2021 to Q1 of this year, a total of 154 companies issued bonds, successfully raising 3.7 trillion MNT and $160.3 million, indicating a sharp increase in domestic company bond market participation. Additionally, amendments to the Securities Market Law have expanded the banking sector’s participation in the capital market by introducing deposit certificates, formulating rules for equity crowdfunding to support startups and SMEs, and creating a regulatory environment for issuing bonds and establishing private investment funds by international financial organizations. These regulations create new funding sources for companies, lower costs, and foster a competitive environment. Also, the regulatory support for international financial institutions issuing bonds will be key to making Mongolia’s financial market more stable and internationally competitive. Going forward, we are working on establishing a regulatory environment for real estate investment trusts (REITs) and for securities lending and borrowing. These measures will diversify the capital market and increase trading activity and liquidity. — Despite increased market activity, attracting international investment and connecting domestic companies to foreign markets remains a major challenge. The Financial Regulatory Commission has implemented the "Mongolia’s Capital Market Connectivity" (MCMC) initiative in this regard. Can you elaborate on this initiative and the upcoming event in Ulaanbaatar? — Yes, connecting to international markets is the next crucial step for the development of our capital market. MCMC is our flagship initiative, implemented in cooperation with the Mongolian Securities Dealers Association, under the initiative of the Financial Regulatory Commission. Since 2023, we have organized this series of events in major global financial centers such as Hong Kong, Shanghai, New York, Singapore, and Seoul, introducing the opportunities of the Mongolian market and attracting the attention of foreign investors. Now, we are preparing to organize the "MCMC Ulaanbaatar 2025" event for the first time in Ulaanbaatar on September 12, 2025, with the goal of synthesizing the results of this series and launching real collaborations. The unique feature this time is that foreign investors, investment funds, financial institutions' representatives, leading Asian exchanges, and delegates from the Toronto and London stock exchanges will come in person to Mongolia to directly learn about our capital market conditions, leading companies, and investment projects, and to exchange views on cooperation. — What real opportunities does this offer to Mongolian companies, particularly for international market entrance and capital raising? — The "MCMC Ulaanbaatar 2025" will aim to enhance Mongolian companies’ capacity to access international markets and raise funds, attract foreign investment, and increase the international reputation of the Mongolian capital market. For example, during this forum, our companies can present their activities, financial performance, growth plans, and ESG (Environmental, Social, Governance) initiatives to international institutional investors and funds, opening potential investment channels. In addition, companies will have the opportunity to meet directly with representatives of major international stock exchanges such as London, Toronto, Hong Kong, and Singapore, receive practical information and professional advice on dual listings, conducting IPOs, and issuing bonds internationally, and establish the networks required for entering international markets. This is a major step towards practical implementation and real results, beyond theoretical knowledge. Furthermore, the event will include presentations and discussions on the characteristics of Mongolia’s capital market, opportunities for market entry, and ongoing challenges. Professionals will also exchange views on the future development and investment trends in key export sectors such as mining, banking, and finance. So far, representatives from the London and Toronto Stock Exchanges have officially confirmed their participation. We are actively working to invite representatives from other countries’ financial regulatory authorities. — You mentioned that the 30th General Meeting of the Asian Securities Forum will also be held in Mongolia for the first time. Please give more details about this. — The "Asia Securities Forum" (ASF) was first established in 1995, and its 30th General Meeting will be held for the first time in Mongolia. The Forum is a prestigious industry gathering that brings together securities market regulators and infrastructure organizations from developed capital markets in the Asia-Pacific region. The forum serves as the main platform for supporting the development and cooperation of the region's capital markets. This year, the right to organize the forum was secured by the Mongolian Securities Dealers Association on its 30th anniversary, coinciding with the ASF’s 30th General Meeting. This is a historic event for us. Organizing the forum will not only be a great opportunity to promote Mongolia’s capital market internationally but also to boost investment inflows, introduce domestic companies to foreign markets, and provide impetus for linking domestic and international capital markets. The Asian Securities Forum has previously been held in highly developed capital markets in the Asia-Pacific, such as Japan, South Korea, Singapore, and India, with more than 30 professional associations and regulatory agencies from regional capital markets participating, discussing policies, market trends, and future development goals. This year, more than 60 representatives from more than 20 countries, including the International Capital Market Association (ICMA), Asian Securities and Financial Markets Association (ASIFMA), Singapore Securities Association (SAS), and Japan Securities Dealers Association (JSDA), have already registered to participate. The forum will feature a wide range of presentations and discussions addressing sustainable development, digital transformation, and other issues essential to future development, marking it as a key event for determining the direction of the sector's future development. — What synergy and added value are created by holding the Asian Securities Forum and the MCMC event together? What is your vision for these comprehensive initiatives and the future of the MCMC initiative? — This is a very important synergy. Never before have two such major, mutually reinforcing events been organized under one roof for Mongolia's capital market. The right to hold the ASF’s 30th Annual Meeting together with the MCMC event reflects the keen interest of regional financial market participants and the success of our efforts. Leaders from more than 20 member securities industry associations, regulatory authorities, and exchanges from the Asia-Pacific will attend this anniversary meeting in Ulaanbaatar. This provides a unique opportunity for Mongolian companies and international investors participating in MCMC to meet the region’s top financial sector representatives, learn from their experience, expand their networks, and build confidence. In effect, the MCMC is becoming a more significant and influential platform to promote Mongolia’s capital market by leveraging the ASF’s prestige and wide reach. Organizing the MCMC Ulaanbaatar 2025 and ASF meetings successfully will sharply raise the international reputation of Mongolia’s capital market. It will give a strong impetus to increasing foreign direct investment, bringing local companies closer to international standards, improving governance, and enhancing transparency in the financial sector. Going forward, we will continue the MCMC initiative, planning to organize it in other international financial centers, such as London, UK, in cooperation with the London Stock Exchange in the second half of 2025. We are confident that the MCMC will serve as a strategic bridge connecting Mongolian and international capital markets and investor companies, successfully implementing many effective projects and programs. This is a continuous process of Mongolia’s capital market integrating with the international financial network. Note: Media organizations (TV, Radio, Social, and Web pages) are prohibited from using our information in full or in part in any form, and may only use it by prior agreement, citing the source (ikon.mn).

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Transport Development Bank Removes Fees for Yuan Transactions

Published: 2025-06-26 | Translated from: ikon.mn

Transport Development Bank, a provider of private banking services meeting international standards, has announced a full waiver of fees for international transfers in Yuan (CNY) to support its customers' foreign trade and business activities. This incentive will be valid until September 30, 2025. Within the framework of this offer, regardless of the transaction amount, all fees and charges for Yuan transfers will be eliminated, allowing the bank’s clients to perform Yuan transactions free of charge. To enhance the accessibility, efficiency, and reliability of international payments in Mongolia and the region, the Transport Development Bank continues to expand its international financial cooperation and upgrade its IT infrastructure. In this context, as of June 2025, the bank became a "Direct Participant" member of China's Cross-Border Interbank Payment System (CIPS), marking the first commercial bank in Mongolia and Northeast Asia to connect directly to this system—a significant achievement. By connecting directly to the CIPS system, customers are now able to perform real-time Yuan transactions that are "Faster, Simpler, More Economical, and Reliable" at a low cost. Furthermore, the Transport Development Bank has established correspondent relationships with 15 internationally renowned banks for international payments, handling transfers swiftly and reliably in nine currencies—USD, EUR, CNY, JPY, GBP, RUB, SGD, HKD, TRY—via 31 nostro accounts. Clients can perform their international transactions through the bank's convenient branch network or electronic banking channels. For more information on international payments, click HERE. Customer Support Center: 1800 – 9999 Notice:
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TODAY: "Standard in the Business Environment" Discussion to be Held

Published: 2025-06-26 | Translated from: montsame.mn

Ulaanbaatar /MONTSAME/. Overview of Today's Events: - At the invitation of Minister of Foreign Affairs B. Battsetseg, the Deputy Prime Minister and Minister of Foreign Affairs of the Republic of Kazakhstan, Murat Nurtleu, will pay an official state visit to Mongolia from June 26 to 27. 9:00 AM:
A discussion titled "Standard in the Business Environment" will be organized at the Blue Sky Hotel in cooperation with the Agency for Standardization and Metrology and the ITDM project team for foreign trade development in Mongolia. For inquiries: 99006045 9:00 AM:
An international academic conference on "Compensation, Legal Regulations, Existing Issues, and Solutions for Victims of Torture Crimes" will be held at the new building of the National Library. For inquiries: 91119838 11:00 AM:
On the occasion of World Anti-Drug Day, S.E.M.Ü.T will provide information on the current drug situation globally and in Mongolia via "Mongol News". 11:30 AM:
A briefing on the "Kharkhorin-2025" film festival will be held at the National Information Center. - P. I. Tchaikovsky's "Swan Lake" ballet will be staged by the National Academic Theater of Opera and Ballet.
- The 3x3 Basketball World Championship for adults is taking place at the central square from June 23 to 29. In the provinces:
- In Tsetserleg city of Arkhangai province, the 2025 annual IV conference of the Mongolian Urology-Andrology Society will be held under the topic "Urology Services in the Provinces" from June 26 to 29.
- The "Close to Nature" temporary exhibition is on display at the Arkhangai Province Museum until July 28.

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Agreement Reached to Sell Two Thousand Tons of Horse and Halal-Processed Mutton

Published: 2025-06-26 | Translated from: montsame.mn

The Republic of Uzbekistan has agreed to purchase an initial shipment of two thousand tons of horse and halal-processed mutton from Mongolia. At a meeting between the Minister of Food, Agriculture and Light Industry, J. Enkhbayar, and the delegation led by F.N. Arziev, Ambassador Extraordinary and Plenipotentiary of Uzbekistan to Mongolia, and I.A. Kasymov, Deputy Minister of Investment, Industry, and Trade of Uzbekistan, the parties noted the potential for cooperation in the production of halal meat. During the meeting, which took place within the framework of mutual presidential visits that have established a comprehensive partnership between Mongolia and Uzbekistan, discussions were held regarding cooperation in the fields of agriculture, animal husbandry, veterinary services, and plant quarantine. Minister J. Enkhbayar highlighted that there are vast opportunities for cooperation that can be achieved in a short time. He emphasized that trade and economic relations are the foundation for maintaining active bilateral ties, and that the development of mutually beneficial economic relations supporting both countries' interests, as well as raising trade turnover to 100 million USD, will be fully supported by Mongolia’s agricultural and light industry sectors. In the field of trade, both sides agreed to harmonize their quarantine and tariff policies, take all necessary measures to ensure smooth bilateral trade, and finalize the necessary agreements and lists of goods in the near future. Further, Uzbekistan has agreed to purchase 100,000 heads of live sheep and goats from Mongolia. In support of this, the Mongolian side stated it would consider export duty concessions. Uzbekistan has addressed transportation issues, and, as of 2024, Mongolia has already exported 7,000 live sheep to Uzbekistan. Additionally, Uzbekistan expressed interest in importing leather, wool, and cashmere products from Mongolia for its processing industry, while also sharing its expertise with Mongolia in the fields of fruit and vegetable production, and light industry, as part of intensified cooperation, according to the Ministry of Food, Agriculture and Light Industry.

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Khaan Bank Receives Approval to Issue the First Domestic 'Gender Bond' on the Mongolian Capital Market

Published: 2025-06-26 | Translated from: ikon.mn

Khaan Bank has received approval today from the Mongolian Stock Exchange and the Financial Regulatory Commission to openly offer and trade the country’s first “Gender Bond” on the capital market. As the largest bank in Mongolia, accounting for 28% of the banking sector’s assets, Khaan Bank has set a mid-term goal to increase financing aligned with the United Nations’ 17 Sustainable Development Goals (SDGs). In 2023, the bank issued Mongolia’s first ever Green Bond internationally and domestically. This time, in line with the UN’s SDGs and aiming to promote gender equality, economic growth, and secure employment—especially in terms of supporting women’s entrepreneurship, economic participation, and leadership—Khaan Bank is issuing a Gender Bond. The bond stands out for complying with the principles outlined in Khaan Bank’s “Social Bond Framework,” which was confirmed and evaluated by the international professional organization "Sustainable Fitch." The public introduction and the first-ever trading of the Gender Bond on the Mongolian Stock Exchange will be underwritten by "Ulzii & Co Capital" LLC, with "KhaanLex Partners" LLP acting as legal advisor, and "PricewaterhouseCoopers Audit" LLC providing financial audit services. By issuing the first Gender Bond, Khaan Bank is introducing a new type of sustainable financing product to Mongolia’s capital market. This will expand the market and provide new investment opportunities for both domestic and foreign investors as well as international financial organizations. The official launch of the public offering of the Gender Bond in the primary market will begin with the announcement of the trading schedule. Slogan: Collaborative Growth – Khaan Bank Notice: Please note that media organizations (TV, radio, social media, and websites) are prohibited from using our content in whole or in part in any form, except with agreement, and must cite the original source (ikon.mn) if used.

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It was stated that several measures are needed to reduce loan interest rates

Published: 2025-06-26 | Translated from: unuudur.mn

At yesterday's meeting of the Parliamentary Standing Committee on Economic Affairs, the implementation and effectiveness of Parliamentary Resolution No. 21 of 2020 on the adoption of a Strategy to Reduce Loan Interest Rates was reviewed, and the working group's suggestions and conclusions were discussed. Member of Parliament and head of the working group, L. Soronzonbold, noted that he had previously presented the progress of the group's activities at the committee's earlier meeting. The strategy aimed to reduce loan interest rates by four percentage points from the baseline level of 2019, targeting a monthly rate of one percent by the end of 2023. As of 2023, the weighted average interest rate of commercial bank loans was 17.25%, and that of non-bank financial institutions was 39.6%. As of 2024, the weighted average interest rate of commercial bank loans is 16.61%, that of non-bank financial institutions is 42%, and the maximum rate for money lending operations is 54%. Therefore, it was concluded that the implementation of the strategy has not reached the targeted level. For this reason, it was considered appropriate to conclude the current work of the working group and to take several additional measures to reduce loan interest rates. Furthermore, the members of the working group stated that it is necessary to initiate, draft, and submit several legislative proposals. For example, in order to reduce loan risk costs and create the conditions for resolving disputes at a lower cost, it was determined necessary to make relevant amendments and changes to the Civil Law, the Civil Procedure Law, the Law on Enforcement of Court Decisions, the Law on Property Valuation, the Law on State Registration of Legal Entities, and the Law on State Registration of Property Rights. Additionally, it was considered necessary to include provisions in the Law on Deposit Insurance in Banks to not calculate interest or similar payments on current and demand deposit accounts, to reduce the income tax on interest from long-term deposits, and to exclude foreign currency deposits from being covered by deposit insurance.

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"The Issue of 115,000 Mortgage Borrowers Addressed by Just 174 Complaints"

Published: 2025-06-26 | Translated from: news.mn

According to Resolution No. 66 of the Financial Regulatory Commission (FRC) in 2025, starting from August 1st, 2025, life insurance for mortgage borrowers will only be provided by long-term insurance companies. Here is a summary of the new regulation. "THE FINANCIAL REGULATORY COMMISSION IS IMPLEMENTING A REGULATION THAT EXCEEDS THE LAW"
Lawyer O. Batkhuu: "While everyone is enjoying summer vacation, a new regulation affecting all mortgage borrowers will take effect from August 1st, 2025. I am sure that no one was aware of this before I informed them. People are busy with their daily lives, working and paying taxes, not paying attention to such matters. On February 25, 2025, the FRC issued Resolution No. 66, approving a package of insurance rules. Previously, the same company used to handle both property and life/health insurance, but with this new rule, life and health insurance is being shifted to companies that provide long-term (life) insurance. This means if a person takes a 20-30 year mortgage loan from a commercial bank, they will have to get this insurance. My main concern is that the insurance premium will be quite high. Calculations show that a 30-year-old will pay 430,000 MNT per year, a 35-year-old will pay 640,000 MNT, and those aged 40 or older will pay 847,000 MNT per year. Over 20-30 years, this amounts to an additional 10-25 million MNT in insurance premiums. The current insurance does not fully cover risks associated with life and health—only accidental deaths are covered. However, people may also die from illnesses, which is also a risk to the lender. I agree with this point. However, we already pay 25% of our salary as social insurance. Beyond that, we pay an additional 40-50 MNT for property and life insurance, and now another 400,000-800,000 MNT as insurance premiums, which is a heavy burden. A borrower who takes a 100 million MNT mortgage will have to pay an additional 20-25 million MNT in insurance premiums. Before approving such a regulation, it should have been publicized, studied for its impact, and public opinion sought. Also, it should be registered with the Ministry of Justice and Internal Affairs. Approving it solely by the head of an agency is wrong. When I inquired with the FRC as to why this regulation was being adopted, they said it was based on 174 complaints submitted between 2016 and 2023. They changed the regulation based on those complaints. Is it right to resolve the issues of 115,000 borrowers based on just 174 complaints? The main question is, how was this calculation made? How did they assess the financial burden on citizens? As a lawyer who works closely with banking, finance, and insurance sectors, let me give a recent example: I dealt with the insurance issues for apartment building 207 hit by a gas explosion. Early this year, 1.4 billion MNT was paid out for 11 of the 66 households from insurance. Now, more than 10 households have their insurance ended. I do not argue that insurance is beneficial and necessary. But why are important financial decisions affecting households made at the sole discretion of one agency head? Do those who must pay this additional cost even know about it? The FRC says this insurance is voluntary. I do not believe this. Previously, people could choose whether or not to pay this insurance premium. There were always options to use long-term insurance companies. Now this regulation is being changed. Commercial banks only care whether loans are repaid reliably. They are not concerned if you and I have to pay an extra 50-60 thousand MNT. I think everyone should be insured, but state institutions must follow the general Administrative Law and register their decisions with their relevant ministries. When determining insurance rates, public opinion should be considered. In short, this regulation is being implemented beyond legal authority. FRC: ANNUAL RISK OF 6.6 BILLION MNT INCREASES TO 125 BILLION MNT
FRC Deputy Chairman N. Khuderchuluun: "Mortgage insurance in Mongolia was previously voluntary, with citizens choosing between long-term (life) insurance or general insurance. Under general insurance, insurance companies cover the outstanding mortgage loan balance only in case of death by accident. Life insurance, however, covers death by illness or permanent loss of work capacity. This current regulation still exists. Additionally, in Mongolia, on average 45,000 people lose more than 70% of their work capacity each year—for example, being unable to work for 1-3 years. By shifting to life insurance, insurance companies will now cover not only all causes of death but also all risks of losing work capacity for 1-3 years. In summary, while the insurance selected by most citizens previously covered 6.6 billion MNT of annual risk, the new regulation expands protection to 125 billion MNT of risk per year. The FRC is changing this regulation to protect the rights of the insured and expand coverage. This is not a decision to benefit insurance companies. If companies raise their premiums without justification, the FRC will take action. We will fully monitor to ensure all calculations are accurate and realistic. Bankers Association: IF CITIZENS RENEW INSURANCE CONTRACTS, THEY MUST TAKE LONG-TERM LIFE INSURANCE
According to Resolution No. 66 of the FRC in 2025, from August 1st, 2025, mortgage borrowers’ life insurance must be taken only with long-term insurance companies. Under this new rule, those who are taking new mortgage loans and those renewing expired insurance contracts will be required to get long-term life insurance products. Currently, borrowers have usually opted for general insurance, which only protects against accidental death. However, the main cause of death for citizens is illness. Thus, when common events such as stroke or cancer occur, insurance will not provide coverage. Mortgage borrowers' financial risks are not only related to stable income but also directly to health. If the borrower dies from illness and is not eligible for compensation, the co-borrower must pay the remaining balance. If they cannot pay, their home may be repossessed, and their family will suffer financial hardship and lose their residence. Long-term life insurance, on the other hand, pays out compensation equal to the remaining mortgage balance if the borrower dies or loses 70% or more of their work capacity for any reason, including chronic disease, cancer, or accident, during the valid period of the insurance contract. This insurance is also reinsured by overseas companies, ensuring reliable payments and global 24/7 coverage without any time or geographical restrictions. In addition, insurance premiums can be paid once or annually, under flexible terms suitable for the borrower; the amount is calculated based on the borrower's age, gender, and loan term, according to the Mongolian Bankers Association.

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Netcapital ABS Launches Mongolia's First Open Public Asset-Backed Security (ABS) Primary Offering with 20% Annual Interest Rate

Published: 2025-06-26 | Translated from: ikon.mn

Netcapital ABS LLC, established by Netcapital Finance Corporation NBFI LLC, has officially launched Mongolia’s first open public asset-backed security (ABS) primary offering with an annual interest rate of 20%, marking the occasion with an inaugural bell-ringing ceremony. Representatives from the Financial Regulatory Commission, TDB Securities LLC, Ulaanbaatar Securities Exchange, MIK OSCC LLC, Onch Audit LLC, MDS & KhanLex LLP, Syndicate – Mandal Capital Markets LLC, and the leadership of Netcapital Financial Group participated in the event, emphasizing the importance of introducing a high-yield security to the market. A. Dulgunn, Head of the Securities Department at the Financial Regulatory Commission, said in his opening remarks: "The Financial Regulatory Commission has been working on launching numerous new products in recent years. One such product is the asset-backed security (ABS). In Mongolia, there have been a total of 70 ABS issued. However, the first publicly traded ABS, that is, an ABS traded openly through the securities exchange, was introduced in 2021. Since then, this is the 18th ABS to be traded, and it has the highest interest rate among all publicly offered ABS products in the last four years. Supporting the introduction of new products in the capital market, particularly those with fixed income and lower risk alongside stocks and bonds, makes a significant contribution to the further development of the sector." S. Javzandulam, Chairperson of the Board of Directors of Netcapital Finance Corporation NBFI LLC: "Netcapital Finance Corporation NBFI has been operating uninterruptedly for 17 years since 2008, with a wide network of 44 branches and over 680 employees across 21 provinces and 9 districts of Mongolia. Today's event is significant not only for our company but also for the growth of the financial market and strengthening investor confidence. Our newly launched public ABS stands out as it offers an annual yield of 20%, making it one of the highest-yielding financial instruments open to the public, which makes us proud." S. Batchimeg, CEO of TDB Securities LLC: "The product being offered today to our investors by TDB Securities is the asset-backed security issued by Netcapital ABS LLC. As it is openly listed on the capital market exchange, anyone interested can participate and invest. Currently, this is the highest-yielding product available on the capital market. Investors interested in this security can place their orders through their chosen securities companies." Key features of the ABS: - Unit price: ₮100,000 - Term: 24 months - Annual interest rate: 20.0% - Interest payments: Quarterly (every 3 months) - Principal repayments: Semi-annually (every 6 months) - Total amount to be raised: ₮30 billion - Tax on interest income: 5% Regarding investment reliability, the product is secured by a portfolio of auto loans amounting to 110% of the ABS value, and the collateral asset is more than sufficient to cover the interest and principal payments. In addition, the auto loan collateral is fully insured. The primary market offering will take place from June 26 to July 2, 2025, and may close early if fully subscribed before the deadline. TDB Securities LLC is the underwriter for this high-yield, secured ABS primary offering, and investors can submit purchase orders through the underwriter or directly through Netcapital ABS LLC. This ABS offering from Netcapital Finance Corporation NBFI LLC is highlighted as an attractive, high-yield, reliable investment opportunity for anyone seeking strong returns in Mongolia's capital market. ☎ Contact: 72236666
📧 investment@netcapital.mn
🏢 Shangri-La Office, 22nd floor, Room 2201

ABS #Netcapital #TDBSecurities #MandalCapital #UlaanbaatarSecuritiesExchange

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S. Batbaatar: Improving Standards for Products and Services Will Have a Positive Impact on the Economy

Published: 2025-06-26 | Translated from: montsame.mn

The General Agency for Standardization and Metrology, in collaboration with the project team for Developing Foreign Trade in Mongolia (ITDM), organized a discussion themed "Standards in the Business Environment." A working group, established by the order of the Speaker of the State Great Khural (Parliament) with the purpose of renewing the legal framework for standards, making proposals and conclusions, and drafting relevant legislation, is currently working towards the approval of the revised draft law on Standardization, Technical Regulation, and Accreditation of Conformity Assessment. During this discussion, participants presented the current state and future trends of standardization, conformity assessment, and accreditation development, and aimed to identify new opportunities for cooperation. Representatives from the public and private sectors shared international best practices and discussed real needs and solutions. S. Batbaatar, Director of the General Agency for Standardization and Metrology, stated, "Entrepreneurs export or import products and services that meet international standards. In this sense, the most important thing in the business environment is the standard. Our country has made trade agreements with Japan and European countries, aiming to export 5,000-7,000 types of products, but currently, only a handful of products like cashmere and gold are being exported. By producing goods and services that meet international standards from the outset and improving the requirements, we can increase foreign trade. This is the focus of this discussion. The new draft law under discussion includes provisions such as not just selecting standards but making them mandatory, paying special attention to implementation, and clarifying functions. Standards themselves incorporate innovation. Therefore, they must be updated to international standards." Although more than 6,700 standards are currently in force in Mongolia, some are outdated. Business owners emphasized the need to update these and bring them in line with modern requirements. Ms. Bujinlkham, Senior Manager of the coffee and tea factory "BestCap" LLC, said, "In our factory, we produce and export certain types of tea and coffee both domestically and abroad. Ensuring standard quality and safety is extremely important for export. We have cooperated with the General Agency for Standardization and Metrology to certify our coffee and tea standards. We are following both domestic and international standards. However, some food industry standards are quite old and do not align with current operations. If these are improved and brought up to modern standards, it would bring many benefits. For example, it would be easier to diversify products and export them without issue. Also, factory laboratory activities would improve, and customer satisfaction would increase. In general, improving the implementation of standards will enhance both domestic and foreign trade turnover, and have a definite positive effect on the economy." It is also worth noting that the "Project to Support Foreign Trade in Mongolia" assists in facilitating trade, enabling small and medium enterprises to access the European market, and supports in identifying and resolving non-tariff barriers.

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A-92 Gasoline Price Increased by 6.4% Compared to the Same Period Last Year

Published: 2025-06-26 | Translated from: montsame.mn

The aimag's Statistics Department has released the average prices of commonly used goods and products. As of June 24th, the average price of 1 kg of beef is 15,750 MNT, which is a 1.6% decrease from the previous week, but a 5% increase compared to the same period last year. The average price of 1 kg of mutton is 14,000 MNT, a decrease of 3.4% from the previous week and remains at the same level as last year. The average price of 1 liter of liquid milk is 2,500 MNT, representing an 11.8% decrease from last week and a 6.2% decrease compared to last year. The average price of 1 kg of loose flour is 3,467 MNT, unchanged from last week, but a 19.6% increase compared to the same period last year. The average price of 1 kg of cashmere is between 105,000-110,000 MNT, a 0.7% decrease from last month. The average price of A-92 gasoline is 3,067 MNT, up 4.7% from the previous month and 6.4% compared to the same period last year. Meanwhile, the average price of diesel fuel is 3,367 MNT, a decrease of 6.1% from the previous month and an 11.9% decrease from the same period last year.

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Diplomacy

Implementing the 'Responsible Mining - Sustainable Development' Goal with Canada

Published: 2025-06-26 | Translated from: montsame.mn

Minister of Industry and Mineral Resources G. Damdinyam attended the national day celebration of Canada yesterday. On this occasion, he emphasized the importance of further advancing the friendly cooperation between the two countries and strengthening their collaboration in the mining sector. Minister G. Damdinyam stated, "The mining sector is a strategic cornerstone of the bilateral relationship. Canadian investment, experience, and technology have marked the beginning of a new era in Mongolia's mining industry. Major projects such as Oyu Tolgoi stand as clear examples of our countries' successful cooperation. It is also worth mentioning the significant contributions made by Her Excellency Ambassador Sandra Shufani to the expansion and development of our bilateral relations. I wish Canada and its friendly people continued prosperity, and I wish for the Mongolia-Canada partnership and cooperation to thrive and successfully foster the friendship and development of our two nations and peoples." The goal of 'Responsible Mining - Sustainable Development' is being steadily implemented with Canada. Additionally, Mongolia aims to work with Canadian partners to support the country's industrialization and develop value-added production.

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Expressing Firm Support for Cooperation between the UN and Mongolia

Published: 2025-06-26 | Translated from: montsame.mn

On June 24, Permanent Representative of Mongolia to the United Nations, N. Ankhbayar, met with United Nations Secretary-General António Guterres at the UN Headquarters. Permanent Representative N. Ankhbayar expressed Mongolia's appreciation and support for the "UN-80" initiative proposed by Secretary-General Guterres, which aims to make the activities of organizations in the UN system more effective, efficient, and transparent, review the implementation of current mandates, eliminate overlaps, and undertake structural reforms. He considered these timely reforms and expressed Mongolia’s approval. During the meeting, he also introduced the operations, projects, and programs of the UNICEF office in Mongolia, emphasizing that UNICEF has made valuable contributions over many years to the protection and development of children and youth, who are the future of the nation. He voiced the desire to further expand and strengthen this cooperation. Secretary-General Guterres recalled with appreciation his productive visit to Mongolia in 2022, a country seen as a symbol of peace, and highlighted the importance of Mongolia’s participation and contribution to the UN peacekeeping operations. He also affirmed the UN’s continuing firm support for cooperation with Mongolia.

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Foreign Ministers of Mongolia and Kazakhstan Hold Talks

Published: 2025-06-26 | Translated from: isee.mn

The Minister of Foreign Affairs of Mongolia, B. Battsetseg, and the Deputy Prime Minister and Minister of Foreign Affairs of the Republic of Kazakhstan, M. Nurtleu, held official talks on June 26, 2025. During the official talks, the two sides evaluated the progress of mutually agreed actions by the heads of state of both countries and defined the prospects and priority areas for further expanding and developing the strategic partnership relationship between Mongolia and Kazakhstan. The parties highlighted the significance of the official visit being carried out in Mongolia at the level of the Foreign Minister of Kazakhstan for the first time in about 20 years since 2006. Minister M. Nurtleu expressed his sincere gratitude for the warm welcome the Kazakh delegation received. During the talks, the two sides agreed to regularize high-level and top-level dialogues, mutual visits, inter-ministerial consultations, and consular meetings between their Ministries of Foreign Affairs. They also emphasized the importance of boosting cooperation across all sectors, including transportation, agriculture, light industry, tourism, culture, and education, and discussed the possibilities of increasing bilateral trade to 500 million US dollars by diversifying the range of goods and implementing joint projects and programs in agriculture. Based on Mongolia's abundant resources in wool, cashmere, leather, and hide processing, the two sides decided to support joint projects symbolic of the bilateral relations. Minister M. Nurtleu noted that Kazakhstan ranks 24th in the world for information technology development and emphasized the importance of training young professionals for future bilateral cooperation. He also declared Kazakhstan's readiness to support and award scholarships for Mongolian youth, especially those from rural areas, to study information technology and engineering, reiterating the desire to develop effective and long-term cooperation in this area. The parties agreed to cooperate through bilateral and multilateral legal mechanisms to resolve challenges in transportation and logistics and to develop new routes and shorter corridors. To further cooperation in these areas, it was decided to organize the next meeting of the "Mongolia-Kazakhstan Intergovernmental Commission on Trade, Economic, Scientific, Technical, and Cultural Cooperation" by 2025. The parties confirmed their intention to continue working together on environmental matters by aligning Mongolia's "Billion Tree" national movement initiated by its President with Kazakhstan's "Two Billion Trees" project. Both countries expressed their aim to expand and strengthen further bilateral cooperation within the United Nations and other international organizations.

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Mongolia and Uzbekistan Elevate Relations to Comprehensive Partnership

Published: 2025-06-26 | Translated from: unuudur.mn

For the first time at the level of President, President Shavkat Mirziyoyev of Uzbekistan paid a state visit to Mongolia on June 24-25. President U. Khurelsukh welcomed him at the central square of the capital before the two leaders signed a joint declaration on bilateral relations and cooperation. The presidents agreed to elevate the level of relations between Mongolia and Uzbekistan to a comprehensive partnership, confirming this agreement, while officials from both countries—ministers and heads of agencies—signed government and interagency plans, agreements, and protocols to expand cooperation in education, health, environment, tourism, foreign relations, economics, law, mining, food, and agriculture. During President U. Khurelsukh's 2024 visit to Uzbekistan, the two sides signed agreements on air and road transport, agreeing to further cooperation in tourism, agriculture, and trade. Within this framework, they plan to open an "Uzbekistan Trade Center" in Ulaanbaatar, establish a Joint Automotive Transport Committee, and set a goal to export 100,000 sheep and goats from Mongolia to Uzbekistan. It was also highlighted that under the new bilateral air services agreement, direct flights between Ulaanbaatar and Tashkent are planned to begin from the second quarter of this year. President Shavkat Mirziyoyev of the Republic of Uzbekistan stated, "Today (the day before yesterday), we initiated a new phase in the relationship and cooperation between Mongolia and Uzbekistan. We agreed with President U. Khurelsukh to work closely together and support each other in the frameworks of the UN, SCO, and other multilateral structures. The intergovernmental negotiations are based on mutually beneficial expansion of economic cooperation. We aim to increase our trade turnover by 10-20 times over the coming years by expanding the variety and supply of demanded goods and products. We will give full support to the initiatives and proposals of businesses in the economic sector. We will establish agreements for preferential trade and mutual protection of investments as quickly as possible."

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Infrastructure

Draft Law on Amendments to the Energy Law Submitted

Published: 2025-06-26 | Translated from: montsame.mn

Today, Deputy Chairman of the State Great Khural (Parliament) Kh. Bulgantuya received from Member of Parliament, Member of the Government, Minister, and Head of the Cabinet Secretariat S. Byambatsogt the draft law on amendments and additions to the Energy Law. In accordance with the Constitution of Mongolia, the National Security Concept, and various national medium and long-term development policy documents, Mongolia aims to create an economy with various sectors that fit its unique characteristics, while also working to facilitate growth and liberalization in the energy sector. In this context, there is a need to initiate large-scale energy projects and to ensure a reliable source for energy production. However, the projects also require trustworthy sources for procurement and investments, which S. Byambatsogt emphasized. He stated that it is necessary to specify the conditions for the selection of energy projects in the Energy Law, to set legal standards concerning the price and amount of energy supplied, construction of energy sources, and transferring ownership of such assets to the state. By establishing these as criteria for project selection, the required legal amendments can be introduced. Therefore, as part of the need to liberalize energy policy and to create urgent legal frameworks for the rapid initiation of large energy projects, draft amendments have also been prepared to the Law on Public-Private Partnership and the Debt Management Law, in alignment with the proposed energy law amendments. Once the law is adopted, it will create the conditions for the implementation of state policy on energy liberalization, allowing energy projects to be selected based on the supply price, the timing of supply to the state, and supply volume. Project tenders will be evaluated based on the full financial capability of participants, providing real impetus to push forward many stalled energy projects. This, in turn, will serve as a foundation for carrying out large-scale government projects and is anticipated by the initiators of the draft law to positively impact the country's social and economic landscape, by increasing employment opportunities and improving the overall quality of life for citizens, according to the Parliamentary Press Service.

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Road Closures and Repairs to Begin at Five Locations

Published: 2025-06-26 | Translated from: montsame.mn

Repair and renovation work has commenced on 74 km of roads at 41 locations across Ulaanbaatar. Major road repairs are to be completed before July 5. This week, roads will be closed and repair work will be conducted at five locations. For example: - Starting tomorrow at 22:00, the 0.86 km stretch of road from the Mongolian National University of Education (MUIS) to the Wrestling Palace intersection will be closed for repairs. The road will reopen at 06:00 on the 30th of this month. The repairs will include asphalt concrete pavement, replacing the base, reprocessing the existing pavement, and reinforcing it with cement. - The intersection from the 120-Thousand Monument (with the camel statue) to the TPP-3 intersection will be paved, so it will be closed from the 27th to the 29th of this month. - The road from the “Ulzii” center to the 100 Families intersection was closed yesterday for asphalt paving and will reopen tomorrow. - As part of the repair and expansion works at the front of "Dunjingarav" shopping center, a 0.7 km road section will receive a final coat of asphalt. Therefore, the road will be closed temporarily from the 29th to the 30th of this month. - From the Wrestling Palace intersection to Natur Road, during a 1.2 km repair, the 0.9 km road section will undergo leveling and final asphalting, so it will be closed from the 27th to the 29th of this month. Due to the road closures, there will be slight changes to public transport bus routes. Officials urge citizens to remain patient and understanding in order to avoid any inconvenience.

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Will Build Open and Underground Parking Lots at 40 Locations in the Capital City

Published: 2025-06-26 | Translated from: ikon.mn

As part of efforts to increase the availability of car parking in the capital, research has been conducted over the past eight months and plans have been developed to build large-capacity parking lots at 90 locations. The work will begin at the first 40 sites, according to Ulaanbaatar’s chief architect, Ch. Tugsdelger. For example, the southern part of the road in the 10th microdistrict of the Bayangol district has a large space but chaotic parking. Therefore, the planned design has been slightly modified to include pedestrian paths, bike lanes, and green spaces, transforming the area into a "complete street". The area around the 10th microdistrict covers five khoroos and has over 40,000–50,000 residents. Along about 1–2 kilometers of road, 370 open parking spaces will be built. In the area around the "Bileg" department store in the 15th khoroo of this district, a 2,644 square meter lot has been unused since 2003, and residents have requested that an underground parking lot with green space above it be constructed. According to the chief city architect, violations where private companies place barriers on public property and operate paid parking will be corrected, and a contract will be made so that 40% of the income goes to the Road Fund. Note: Media organizations (TV, Radio, Social Media, and Websites) are prohibited from using this information in whole or in part in any form. Use of this information is only permitted if the source (ikon.mn) is cited and permission is obtained.

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Ch. Tugsdelger: We will build a large capacity paid underground parking lot near the State Department Store in cooperation with the private sector

Published: 2025-06-26 | Translated from: ikon.mn

In the area around the State Department Store, located in the 3rd khoroo of Chingeltei District, cars are parked so closely together that there is no space left for pedestrians. Regarding the plan to build an underground parking lot at this location, the Chief Architect of Ulaanbaatar, Ch. Tugsdelger, stated: "Everyone knows that car parking availability around the State Department Store is poor. On the west side of the department store, cars are currently parked for free on over 1,400 square meters of public land. We see the potential to plan a high capacity underground parking lot at this location. Building an underground parking lot will enhance the comfort of both residents and pedestrians. We will cooperate with private companies to construct the underground parking facility and allow 20-30% of the usable area to be used for commercial services. We are preparing the architecture and planning assignment, after which we will announce an open tender to support private sector participation. The large capacity underground parking lot will be paid. The parking fees will be spent on the maintenance and improvement of local roads and public spaces." Note:
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S.Shijirbaatar: The pedestrian path renovation from Marshal Bridge to Central Tower intersection will be completed in August

Published: 2025-06-26 | Translated from: ikon.mn

The pedestrian path from Marshal Bridge to the Central Tower intersection is currently being renovated. It is expected that the work on this section will be completed by next August. Regarding this, S. Shijirbaatar, the chief engineer of the contracting company "SL City" LLC, stated: "A total area of 9,450 square meters of pedestrian paths from Marshal Bridge to Central Tower will be renovated. As of today, about 2,500 square meters of the path has already been renewed. Since May 29, we began dismantling the old path and replacing it with natural stone. Our company has previous experience in building pedestrian paths with stone tiles in rural areas. Currently, 15 people and five pieces of equipment are working on the site. The dismantling work is carried out during the night, while the foundation and tile installation are done during the day. According to our schedule, there is a possibility to finish by mid-August." As of today, the renovation of the pedestrian path at this location has reached 30% completion. It has also been reported that within the city, natural stone with a rough surface and dimensions of 30x60 cm is being used to upgrade pedestrian paths. Notice: Media organizations (Television, Radio, Social and Web pages) are prohibited from fully or partially using our information in any form. It is only permitted to use it with consent and citing the source (ikon.mn).

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Schedule of Power Outages on June 27

Published: 2025-06-26 | Translated from: ikon.mn

Tomorrow, Friday, June 27, the power will be cut and maintenance will be carried out on power lines and equipment in certain households and businesses in the Khan-Uul, Songinokhairkhan, Bayanzurkh, and Nalaikh districts of the capital, as well as in the Arkust, Bayandelger, and Erdene soums of Tuv province. The "UBCTST" company advises residents to adjust their electricity usage accordingly. Depending on the location, maintenance work will take place between 09:00 and 18:00. No maintenance will be performed on power lines or equipment during Saturday and Sunday. The locations where power will be cut on June 27, 2025: A detailed schedule of maintenance works for power lines and equipment in June can be viewed by clicking HERE. "UBCTST" Joint Stock Company provides electricity to Ulaanbaatar city and 16 soums of Tuv province. Notice: Media organizations (TV, radio, social networks, and websites) are prohibited from using this information in whole or in part in any form, and it must only be used with the source (ikon.mn) cited and only upon agreement.

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Road Closure Due to Rainwater Drainage Pipe Installation

Published: 2025-06-26 | Translated from: isee.mn

Rainwater drainage pipes will be installed from the intersection behind "Thermal Power Plant III" in the 3rd khoroo of Khan-Uul district to the Dund Gol bridge. As part of the installation work, this intersection will be closed. Road closure: June 26th, 23:00
Road reopening: June 27th, 06:00 During this period, excavation will be carried out on the roadway to install the rainwater drainage pipes. We kindly ask citizens and drivers to use alternative routes.

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Inspected Ongoing Development Projects in Bulgan Soum

Published: 2025-06-26 | Translated from: montsame.mn

Bulgan — Today, the Governor of the province D. Purev-Ochir, along with representatives from the relevant departments of the Governor’s Office, the governor of Bulgan soum, the Land Relations, Construction and Urban Development Agency, and the "EBCES" JSC, visited Bulgan soum to inspect the ongoing development and construction projects. They checked the renovation work at the Polytechnic College, children's playground, the car parking lot under construction in Bulgan soum, the provincial festival square, and the progress of residential building construction. Some instructions and assignments were given to the relevant staff. The governor met with representatives of the company that laid the foundation for the staff housing for the province’s social sector workers to decide whether to continue construction of the building, instructed the renovation of the Polytechnic College to be completed within the contract period, and gave clear directives to connect the children’s playground and cultural park in Bulgan soum to the surveillance camera subsystem and the system of the central control room.

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370 Open Car Parking Spaces to be Built Around the Tenth Microdistrict

Published: 2025-06-26 | Translated from: montsame.mn

Officials led by the Chief Architect of Ulaanbaatar have drafted a plan to increase the availability of car parking by constructing an "on street" parking lot for 370 cars along the roads near the tenth microdistrict of Bayangol District. Although the southern part of the road in this area is a large open space, vehicles are currently parked in a disorderly manner. Therefore, the plan has been slightly modified to create a "comprehensive street" by adding pedestrian walkways, bicycle paths, and green spaces to the original design. The Governor of Bayangol District, Ö. Sumyabaatar, said, "The area around the tenth microdistrict covers 5 subdistricts and has over 40,000 to 50,000 residents. Therefore, we need about 1-2 kilometers of open or roadside parking. Since there are heating pipelines and wells in that section, we will not pave the entire area with asphalt, but will section off some parts to be developed as green spaces."

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Society

Mongolia Advances 20 Places in Gender Gap Index

Published: 2025-06-26 | Translated from: montsame.mn

The implementation and results of actions taken to ensure gender equality were presented at yesterday’s Cabinet meeting. According to the Gender Gap Index annually calculated by the World Economic Forum, Mongolia was ranked 85th out of 145 countries in 2024, while in 2025, the country advanced to 65th out of 148 countries, moving up 20 positions. In the sub-indices of the index, Mongolia's indicators for education and health remain stable and continue to improve, while women's political participation advanced from 120th to 99th place, and women's participation in the labor force improved from 43rd to 20th, both of which were assessed as showing "significant progress." According to the Law on Ensuring Gender Equality, the Government is required to report to the State Great Khural (Parliament) on the implementation and outcomes of activities to ensure gender equality. This report, which has been submitted to the Parliament three times since 2021, will be presented again this year.

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208 People Face Criminal Charges Over Drug-Related Offenses

Published: 2025-06-26 | Translated from: isee.mn

The Department II of Supervision of Inquiry and Investigation Operations at the Capital City Prosecutor's Office has studied the age, gender, punishment, and sentencing situation of those involved in crimes specified in Article 20.7 of the Criminal Code's Special Section on the "Illegal Use of Narcotic Drugs and Psychotropic Substances." In the first 5 months of this year, a total of 208 people were investigated as suspects in criminal cases related to this crime. In terms of age, 79.8% were between 18 and 35 years old, and 75.9% were men. Primary courts sentenced 76 defendants to imprisonment, while 31 received punishments other than imprisonment. According to Article 20.7 of the Criminal Code's Special Section, illegally producing, possessing, giving, or receiving prohibited drugs without the intent to sell is punishable by 1 to 5 years of imprisonment or restricted movement. If the drugs are acquired, prepared, stored, transported, or sold illegally with the intent to sell, the penalty is 2 to 8 years of imprisonment. If the crime is committed persistently, systematically, or across international borders, the punishment is 5 to 12 years of imprisonment. If it is committed by an organized criminal group, the sentence is 12 to 20 years of imprisonment or even life imprisonment. Using narcotic drugs or psychotropic substances can disrupt mental balance, cause extreme inattention, hallucinations, and other psychiatric disorders, which in turn increases the risk of committing other crimes, such as jumping from heights. Using such substances harms not only one's body and mind but also has negative effects on one's close relatives, family, friends, society as a whole, and the genetic pool of Mongolian people. If you become aware of actions related to this crime that threaten public safety and interests, it is advised to report the information to the police in order to protect yourself and others.

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Border Station Schedules During the Naadam Festival

Published: 2025-06-26 | Translated from: ikon.mn

Information is provided regarding the operating and temporary closure schedule of border checkpoints for the upcoming month of July. Specifically, the Mongolia-Russia road border checkpoints — Tes, Borshoo, Artsuur, Ulkhan, Tsagaannuur, and Khankh — will be temporarily closed during the national Naadam festival from July 10 to 15, as well as on July 16 and 17. Mongolia-China road border checkpoints — Burgastai, Shiveekhuren, Gashuunsukhait, Khangi, Zamyn-Uud, Bichigt, Sumber, Bayankhoshuu, and Khavirga — will also be temporarily closed during the national Naadam festival from July 11 to 15. Notice: Media organizations (TV, Radio, Social and Web pages) are prohibited from using our information in full or in part in any form unless agreed upon, and should reference the source (ikon.mn) if usage is permitted.

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A Mongolian Citizen Sought by Interpol Arrested in Turkey

Published: 2025-06-26 | Translated from: isee.mn

A Mongolian citizen, referred to as "A", who was internationally wanted through Interpol in connection with a criminal case involving the illegal trafficking of narcotic substances across the national border, was arrested in the Republic of Turkey through information exchange and cooperation with Turkey's Interpol National Central Bureau. As a result, extradition measures were taken to forcibly deport "A" to Mongolia. Citizen "A" is suspected of having illegally transported a narcotic substance known as "Ice," which contains methamphetamine, across the border by deceiving Mongolian citizens returning from Turkey and having them carry the substance as additional luggage. The General Intelligence Agency continues to investigate this case.

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Barloworld Mongolia LLC and Good Neighbors International Organization Review Implementation of the 'Precious Value' Project for 2024-2025

Published: 2025-06-26 | Translated from: ikon.mn

The annual reporting meeting on the implementation and results of the "Precious Value" project, jointly carried out by Barloworld Mongolia LLC and Good Neighbors International Organization, was successfully organized. Within this framework, relevant organizations and specialists discussed and shared experiences regarding crucial reproductive and sexual health issues among adolescents under the theme, "The role of schools, teachers, and families in adolescent sexual and reproductive health education and the importance of providing accurate and accessible information." The discussion began by pointing out, through statistics, the inadequate state of adolescent sexual and reproductive education, and concluded with sharing ideas for improving approaches and planning future actions. Since its launch in 2023, the "Precious Value" project has positively impacted thousands of students across seven schools, showcasing significant results. History of the Project Implementation Barloworld Mongolia LLC, known as the official representative of the global leader Caterpillar in mining equipment supply, also houses a Social Investment Committee comprised of employees who voluntarily propose and implement socially beneficial projects with company funding. One of its notable initiatives was the "Opportunity" project in 2018, which trained and employed previously unskilled residents living and working near Ulaan Chuluut, helping them gain stable jobs and improve their livelihoods. Following that, the next major step was the "Precious Value" project. In 2023, committee members noticed that adolescent girls lacked proper understanding about menstruation, did not have access to sanitary supplies at school in emergencies, and felt embarrassed to discuss such topics with peers or adults. This led them to invest in a project addressing these issues. Lack of knowledge and preparation can cause girls to miss classes during their periods, and can ultimately lead to risks such as unwanted pregnancies, abortions, and sexually transmitted infections—a major global issue, not just in Mongolia. In Mongolia, adolescents represent 18% of the population, with over 318,579 girls aged 10-19. Among reported sexually transmitted infections, 7.4% are among girls aged 15-19, and of sexually active girls in this group, 3.2% have experienced abortion. Also, 40% of girls miss school during menstruation. The statistics highlight the immediate need for such a project. Barloworld Mongolia LLC initially planned to install sanitary product vending machines in schools. At the same time, Good Neighbors International Organization was focusing on sexual and reproductive health education for adolescents. The shared vision of both organizations led to the creation of this project. Importantly, only national producers and especially small and medium enterprises were selected as partners for the project’s key goods and services, including Beelog Tech startup (sanitary vending machines), Hatad (sanitary products), and Dusal (washable sanitary pads). "You Are Precious" During this academic year, the project collaborated with General Education Schools No. 72, 155, and 104 in the capital, as well as School No. 1 in Tsogttsetsii soum and School No. 2 in Khanbogd soum of Umnugobi province, and Erdem school in Bayankhongor province. Each school established a consulting team composed of doctors, social workers, and health teachers, and created youth clubs for peer learning, training a total of 75 peer educators. At first glance, these interventions might seem like theoretical or practical advocacy activities, but the true aim is to help adolescents value and care for themselves as being "precious." Each student also received the "You Are Precious" handbook, enabling them to share their thoughts and enhance their knowledge. Five Schools, 13,000 Beneficiaries The biggest advantage of advocacy work is that information provided to one person can reach several others. In this project, positive impact reached 13,000 people across five schools. Let us review some results for the 2024-2025 academic year: - Knowledge of sexual and reproductive health among youth club members and consultants rose from 71% to 93%.
- 1,681 adolescent girls received washable sanitary pad kits for daily and menstrual use.
- Each kit contained two pads and helped prevent more than 1.7 million disposable sanitary products from polluting the environment annually, equivalent to over 474,000 plastic bags avoided.
- Youth club members held educational sessions for 3,554 of their peers.
- With sanitary vending machines in each school, 1,597 girls gained access to necessary supplies during emergencies.
A 10th grader from Khanbogd soum’s School No. 2 shared, “Before, 8th and 9th graders were very shy and withdrawn about these topics, but after our training, I was happy to see them talk openly without embarrassment. It made me feel our efforts worked.” School social workers, principals, and teachers emphasized that the project substantially raised knowledge and helped students discuss these topics more openly and confidently, noting that they had internally initiated additional training and programs. Furthermore, the project not only improved knowledge accessibility but also introduced innovative teaching strategies, positively influencing relationships between adolescents. Your Role and Participation It is important for every adolescent to feel unconditionally loved, valued, and precious. Everyone has gone through adolescence or is guiding their children through this period. While schools and teachers lay the foundation of knowledge, nothing compares to open-hearted discussions between children and their parents. Creating an environment where adolescents feel comfortable discussing their concerns, asking questions, and expressing themselves helps them face life’s challenges with confidence. Thus, the organizers and participants of the "Precious Value" project urge all to help spread this vital message. Looking ahead, the "Precious Value" project, reflecting on the 2024-2025 academic year, plans to collaborate with more general education schools, teachers, parents, and students to promote broader participation and provide accurate, accessible information. Note
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"Food Service Permits for Naadam Will Only Be Issued to Businesses"

Published: 2025-06-26 | Translated from: unuudur.mn

Preparations for the National Naadam Festival have begun at the Central Stadium. In connection with this, D. Amgalan, head of the Capital City Administration, along with relevant officials, provided information. He stated, "In previous years, during the National Naadam Festival, the area around the Central Stadium became chaotic and unorganized, resembling markets and shopping centers. Both individuals and organizations provided public food services. However, this year, to ensure order, organization, and food safety, it is planned to grant food production and service permits only to business entities. Teams from the nine section committees, including wrestling, horse racing, archery, ankle bone shooting, and cultural arts, are cooperating on organizing the festival. Based on the request from the Mongolian National Wrestling Federation, this year the Capital City Administration replaced the turf at the Central Stadium. A total area of 8,176 square meters was replaced with turf containing a cushion underneath, 200 tons of sand, and 50 tons of special infill material. Given the increasing number of foreign tourists visiting our country, we aim to organize this year's Naadam at a high level," he said.

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The National III Conference of Auto Transport Workers Concludes Successfully

Published: 2025-06-26 | Translated from: news.mn

Under the patronage of the Prime Minister of Mongolia, the "National III Conference of Auto Transport Workers" was successfully held. More than 800 transport workers, representing both the older and younger generations who have worked or are currently working in the transport sector, participated from every corner of Mongolia. The first "National Conference of Leading Transport Workers" was held in 1964, and the "Second National Conference" took place in 1982. This third national conference, taking place on the eve of the 100th anniversary of automotive transport, is remarkable in that it is being held after 43 years. During the discussions at the conference, participants highlighted the need for policy reforms, technological advancements, training, and human resource development within the sector. They also proposed new mechanisms to strengthen the cooperation between public and private sectors. Furthermore, the conference collaboratively defined the directions for implementing sectoral policy documents and future activities, with the aim of delivering these recommendations to decision-making bodies. The parties attending the conference expressed their intention to strengthen cooperation and unite their efforts to make the auto transport sector more responsible, efficient, and accessible to citizens, which was an important outcome of the event. During the III National Conference of Auto Transport Workers, B. Delgersaikhan, member of the Government of Mongolia and Minister of Road Transport, addressed all the transport workers: "Today, we stand together at this historic milestone, looking back on a century of achievements and setbacks, and together look forward with renewed purpose and goals for the future. Back in the early 20th century, in 1925, the first independent organization, named 'Mongol Transport and Delivery Agency,' was established with just seven vehicles, marking the beginning of automotive transport in Mongolia. From this sector stemmed the introduction of air and railway transportation, without a doubt. Our veteran transport workers played a major role in transitioning from horse relays, defending and consolidating the nation’s independence, participating in major economic constructions, as well as spreading and developing culture and education. It is appropriate to emphasize their contributions. At the Second National Conference, held in Ulaanbaatar in 1982, goals were set to assess the work of automotive institutions and to improve vehicle service and technical utilization—an initiative that significantly contributed to the history of the automotive sector. Now, after 43 years, this Third National Conference of Auto Transport Workers is being organized on the threshold of its centennial, which is truly special. Today, we are not only celebrating the successes of the past 100 years, but we are also participating in a crucial conference to discuss and confirm the developmental trends and new objectives for the next century of the auto transport sector. I am confident that the recommendations and decisions arising from this conference will be a guide for the future of Mongolia’s auto transport sector." To mark the 100th anniversary of the establishment and development of the auto transport sector, a historic exhibition of rare vehicles was presented to the public at Sukhbaatar Square. The exhibition featured rare vehicles that were widely used in Mongolia and in the fields of agriculture and industry, which attracted great interest among people.

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ELFC Coin Money Laundering Case Involving A. Sumyabat Transferred to Trial Court; Preventive Measures Maintained

Published: 2025-06-26 | Translated from: isee.mn

The case involving A. Sumyabat, accused of laundering money and defrauding 4,700 people through the ELFC coin, has been transferred to the First Instance Court with the preventive measures against him left in place. Executives of "Elf Education" LLC were being investigated, including CEO B. Batjin and Deputy CEO A. Sumyabat, for allegedly participating in illegal trading and money laundering using insider information that could affect the value of their ELFC coin when selling through exchanges. They allegedly earned 1.2 billion MNT in the process. Both were charged with defrauding over 4,700 people who participated in the primary market trading of the coin. However, B. Batjin fled the investigation and left the country, resulting in his case being separated. Subsequently, the prosecution accused A. Sumyabat under Article 18.19-2.2 of the Criminal Code for “illegally using insider information of virtual asset services by abusing official position.” The first instance court, however, returned the case to the prosecution. The prosecution then issued an objection and appealed the decision. The objection also requested a review of the decision to drop charges against O. A- and B. N-, who were shareholders in "Elf Education" LLC and were involved in the above transactions. Upon review, the court found that O. A- had conducted trading for the purchase of the coin three times since February 24, 2022, and B. N- had done so once, but there was insufficient ground to claim they had created economic benefit for themselves using insider information by reselling. Likewise, there was no legal basis to conclude that O. A-, by participating as a shareholder using factual information about the total capital raised or the coin supply on the exchange, had unlawfully traded for personal gain. Therefore, the courts decided to dismiss the charges against B. S-, B. N-, and O. A- on the grounds “not constituting a crime” as stated in Article 32.5, Part 1.1 of the Criminal Procedure Law. Additionally, based on the evidence gathered, the decision by the judge to return A. Sumyabat's case to the prosecution was annulled and the prosecutor's objection was accepted. It was decided to continue the preventive measure of bail against defendant A. Sumyabat. For background, A. Sumyabat, serving as a member of the Board of Directors at "Elf Education" LLC, is accused of using non-public information that could affect the value of virtual assets—specifically, information about the initial sale of tokens worth 7.6 billion MNT and related data—as well as conducting 554 virtual asset trades between April 4, 2022 and February 24, 2023, resulting in purchases and sales of tokens. Through 318 trades, he is alleged to have transferred 204,452,919 MNT through his own bank account.

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EVENT: On World Drug Day, a Call to Action for Youth and Information on the National Situation

Published: 2025-06-26 | Translated from: ikon.mn

At the new building of the National Library of Mongolia, 09:00 AM:
The National Action for the Prevention of Torture will organize an international scientific conference on the topic "Compensation for Victims of Crimes of Torture, Legal Regulation, Current Issues, and Solutions." At the Ballroom of the Shangri-La Hotel, 09:00 AM:
The 15th meeting of the Asian Affairs Commission of the International Notary Association will be held. At the Blue Sky Hotel, 09:00-15:00:
The General Agency for Standardization and Metrology and the team of the "Development of Foreign Trade in Mongolia (ITDM)" project will jointly organize a discussion on "Standards in the Business Environment." At the State Palace, 10:00 AM:
The regular spring session of the Parliament will convene. At the National Emergency Management Agency, 10:30 AM:
Information will be provided about the current situation of forest and steppe fires and measures being implemented. At the "Mongol News" Information Center, 11:00 AM:
On World Drug Day, J. Gantulga, chief consultant of the "On the Edge" project, psychotherapist and addiction disorder researcher; A. Nyamaa, head of the Women's Council under the Mongolian Youth Federation; G. Khos-Erdene, special effects makeup artist and lecturer at City University; and Ch. Enkhchimeg, clinical psychologist of addiction disorders at the National Center for Mental Health, will address the youth, make an appeal, and provide information about the global and national situation. At the Emerald Hall of the Blue Sky Hotel, 11:00 AM:
The opening ceremony of the "Pluma" information system will take place. At the National Information Center, 11:30 AM:
Organizers of the "Kharkhorin-2025" film festival will hold a press conference about the event. At the Ministry of Foreign Affairs, 11:30 AM:
Within the framework of the official visit of His Excellency Murat Nurtleu, Minister of Foreign Affairs of the Republic of Kazakhstan, the foreign ministers of the two countries will hold official talks and make a joint statement. Notice:
Media organizations (TV, radio, social and web pages) are strictly prohibited from using our information either fully or partially in any form, except with explicit agreement and by citing the source (ikon.mn).

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Environment

Discussions Held on Project to Transition Ger Districts from Coal to Solar Energy

Published: 2025-06-26 | Translated from: news.mn

Chairman of the Ulaanbaatar City Citizens’ Representative Khural (City Council) A. Bayar and Deputy Mayor in charge of social affairs, green development, and air and environmental pollution issues, A. Amartuvshin, met with Cindy Cisneros-Tiangco, Director of Product Development for the Energy Sector at the Asian Development Bank, and other officials. Chairman A. Bayar expressed gratitude to the Asian Development Bank for its multifaceted support in implementing Mongolia’s energy reform policies. He emphasized that improving the quality of life for households, creating a sustainable environment, making households independent from central energy supply and payments, and reducing reliance on firewood and coal could be achieved through renewable energy. Therefore, the city authorities support the project to transition to solar energy. The parties exchanged views on initial investment and infrastructure development required to utilize solar renewable energy in the ger districts of Ulaanbaatar. Deputy Mayor A. Amartuvshin presented some of the ongoing projects aimed at reducing air pollution. He stated that in 2025, they aim to insulate 51,000 households and transition to gas and electric heating. He also highlighted the plan to provide consumption price incentives to households that fully switch to gas or electric heating and no longer use coal or wood stoves. He stressed that policies on solar panels, renewable energy, hydrogen energy, and expanding household-level housing would not be overlooked. The city is planning to connect 1,000 households to solar or renewable energy by 2028. Last year, 47 households were connected to renewable energy, and this year, work is underway to connect 200 households in Chingeltei District to renewable energy. Representatives of the Asian Development Bank stated that developing technology and engineering solutions tailored to winter conditions and implementing a technical assistance project for introducing renewable energy in Ulaanbaatar's ger districts would be effective. Since solar and wind power generation relies on domestic resources and is low-cost, the project team believes it can make a valuable contribution to Mongolia's energy security and independence. It was agreed that during the next meeting, both sides would sign an agreement on the project to transition Ulaanbaatar's ger districts from coal to solar energy.

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The "Cycle" of Drought, Zud, and Flood Alarms Countries

Published: 2025-06-26 | Translated from: unuudur.mn

As news spreads that several people have died from extreme heat in Japan, reports are also emerging that the southern neighbor, China, is facing serious floods. In particular, China experienced double the average annual rainfall of Mongolia—516 mm—in just a single day last week, causing the water levels in their major rivers and lakes to rise dramatically. In addition, days of heavy rain in Guangdong province have caused the water level of the Sui River in Huaiji City to surpass the dangerous flood level by 11 meters, flooding numerous buildings and forcing thousands of residents to evacuate, according to international media. As of yesterday morning, five people were reported missing in the area due to the floods. Meanwhile, Hurricane Erik caused damage in Mexico, and in India and Bangladesh, sudden heavy rains triggered disastrous floods in some regions. The Sylhet area in Bangladesh received 405 mm of rainfall within 24 hours—a record-breaking, all-time high for the region. On the other hand, weather agencies warn that extreme heat continues in the central and eastern regions of the United States, the Canadian cities of Ottawa and Montreal, as well as across Britain, France, Pakistan, and Portugal. Researchers explain that while some regions of the world experience drought, others suffer flood disasters; this is a sign of worsening climate change. Extreme heat, sudden cooling, heavy snow, and heavy rain events might seem unrelated in nature and impact, but they are interlinked in a chain of causality where one event often leads to or enables another. In our own country, as well, drastic weather events oscillating between two extremes have become increasingly common in recent years, according to Z. Batbayar, Director of the Water Agency. He said: "We are entering an era where living with the recurring harsh conditions of drought, flood, and zud (severe winter) is necessary. Are we prepared for this? In some provinces, the water levels in rivers and lakes have risen sharply, causing floods. Meanwhile, in other areas, extreme heat, drought, and aridity are starting to appear. Places currently experiencing drought will likely face floods soon, and flood-hit areas will experience drought after some time. A winter of zud is basically guaranteed after a summer drought." According to an assessment by the National Agency for Meteorology and Environmental Monitoring using satellite data, currently, 0.2% of our country's territory is experiencing extreme drought, 0.9% is facing severe drought, 4.2% has drought, and 11.3% is arid.

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Selenge Province Declares Heightened State of Readiness, Fighting 10 Forest Fires in Six Districts

Published: 2025-06-26 | Translated from: isee.mn

Forest fires have broken out in Erdene district of Tuv province and several districts in Selenge province. Emergency services personnel are working to contain and fully extinguish the fires. In Selenge province, due to repeated outbreaks of forest and steppe fires, which pose a serious threat to the environment, the province has declared a "Heightened State of Disaster Protection" since yesterday. Fires have been reported in Tushig, Khuder, and Yeruu districts of Selenge province. At the fire sites, a total of 411 personnel from the National Emergency Management Agency, National Rescue Brigade, Darkhan and Selenge provincial emergency departments, and the National Emergency Operations Center are working with 24 vehicles and a helicopter from the Armed Forces. In addition, 101 local residents with 18 vehicles are also participating in the firefighting efforts.

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Khyanngan on the Highlands: Developing a Brand for Sustainable Tourism

Published: 2025-06-26 | Translated from: unuudur.mn

The Khyanngan Festival held in the Ulaanmod steppe of Horchin Right Wing South Banner has attracted over 178,000 tourists from all over the country with its cultural and sports events, heritage experiences, and delicious food. The melodious long songs echo across the fog-covered plains in the morning, while picturesque rice fields and the joyful Andai dance shine together in Jalaid Banner. The city of Reshui, known as the “best place to travel in summer,” offers guests from around the world both the pure air of the countryside and the pleasant warmth of the forests, with its average annual temperature of 22°C. This eco-city, located at the southern foothills of the Greater Khingan Mountains, has chosen to develop the "Let’s Travel Inner Mongolia with Songs and Music" brand, deeply integrating agriculture, culture, and tourism, thereby creating a vibrant picture of thriving industry, beautiful countryside, and prosperous people in the vast northern frontier. Year after year, steadily increasing figures demonstrate the robust growth of cultural tourism in Khyanngan Prefecture. According to statistics, from January to May 2025, domestic tourists in Khyanngan increased by 30.45% year-on-year to 14.43 million, and tourism income rose by 28.75% to about 9.6 billion yuan. The rapid development of the cultural tourism sector has provided stable employment for over 30,000 farmers and herders, opening new opportunities to increase their income and improve living standards. By actively exploring ways to integrate music into tourism, coordinating agriculture and tourism development, and introducing innovative initiatives to meet consumer demand, Khyanngan Prefecture achieved remarkable accomplishments. CULTURAL TOURISM POWERED BY MUSIC In the Oxygen Forest of Reshui, the “Let’s Travel Inner Mongolia with Songs and Music: 100 Guide Leadership” campaign was launched. Guides don hats with the brand’s slogan, wave flags, and teach Mongolian songs to tourists. On the K7595 train from Ulaan Hot to Reshui, artists from the "Red Branch" troupe become traveling performers: the morin khuur (horse-head fiddle) plays, and singers and passengers join together in classic grassland songs like “The Eternal Sun Has Risen Over the Grassland,” filling the journey with music and joy. These events filled with art and creativity are clear examples of how Khyanngan Prefecture deeply infuses musical elements into cultural tourism. In 2024, since the Inner Mongolia Autonomous Region launched the regional plan for creating the "Let’s Travel Inner Mongolia with Songs and Music" cultural tourism brand, Khyanngan Prefecture has devoted great effort to accelerating policy implementation, creatively renewing tourism options, strengthening human resources, and building a comprehensive system of “music and tourism”, achieving innovations on multiple fronts. For instance, organizing the Ulaanmod Steppe Music Festival under the "Let’s Travel with Music" theme was the region's first such event, attracting 23,000 tourists in a single day, where tourists and herders danced together on the steppe, experiencing the true joy of music. The first “music therapy” hotel, "Jianguo," offers visitors zero-pressure mattresses, personalized music therapies, and special medicinal food and drink services, demonstrating the wonders of music-based therapies. Additionally, a talent pool of 1,000 artists was established under the brand, actively involving them in major events across tourism zones. During the 2024 winter "Snow and Ice Village" event in Reshui, celebrities such as social media stars Wulanlan and Bai Junan performed, creating a new atmosphere for winter cultural tourism for visitors. Khyanngan Prefecture implemented the “10x100 Northern Border Cultural Tourism Initiative,” producing 100 top art pieces and successfully holding 100 performances by the "Red Branch" troupe in just half a year. One such highlight, the documentary "The Eternal Sun Has Risen Over the Grassland", aired on China Central Television (CCTV), showcasing the northern region’s cultural spirit through music and spreading its essence nationwide. This stage innovation illustrates the "wisdom of Khyanngan" and is a full demonstration of their cultural tourism experience. The Gui Liu River Ecological Park in Horchin Right Wing South Banner, was transformed into the region’s first tourism street under the brand, integrating art performances, camping, art shops, and local specialty foods. Since its opening in the winter of 2024, it has welcomed over 300,000 visitors and earned 24 million yuan. The music-themed train “Let’s Travel Inner Mongolia with Songs and Music – Dream Reshui” operates under four themes: national charm, Northeast New Year atmosphere, the world of ice and snow, and pristine wildlife. It provides passengers with a cultural exhibition experience, bringing peace and happiness to everyone. Ten performances have been held since November 2024, attracting over 6,400 passengers with sold-out shows. Under the brand, the "Singing Through the Khingan Mountains" four-season tour routes were introduced. So far, 19 spring and summer routes have been unveiled, with artistic and cultural events organized throughout. Hotels and restaurants along the routes are promoted, and seven innovative cultural products under the theme are being developed. Pre-online bookings for two hotels on the "Grassland’s Secret World" route have set new records, making it hard to find available rooms during peak season. Artists are shaping a dual "Khyanngan Model" supporting both cultural heritage and the market. Famous singers like Ulaantuyaa and Khüslen serve as "cultural village heads," regularly visiting rural areas to provide art training and promote ethnic traditions, while social media star Uudam’s short videos showcasing Khyanngan’s scenic landscapes and delicacies attract no fewer than 50,000 views per clip. In Ulaanmod steppe, singer Ulaantuyaa's “Flowers Bloom All Four Seasons” concert captivated audiences. Khyanngan Prefecture, together with the Art and Health Management Lab of Peking University led by Director Jin Mani, developed a comprehensive product called "Golden Melody, Art Movement – Healthy Travel," offering unique services such as energy choirs, nature performances, and forest yoga to enrich the cultural tourism brand even more. AGRICULTURE AND TOURISM INTEGRATION: A NEW FACE FOR RURAL REVITALIZATION Images of “spring with music and autumn with markets” across Khyanngan’s vast fields illustrate a development model grounded in agriculture, inspired by culture, and supported by tourism for economic growth. The prefecture has transformed dormant land resources into "business cards" using a triple model of “agriculture-cultural tourism” covering everything from greenhouse agriculture to field crops and eco-circular learning. Currently, the prefecture boasts one national leading rural tourism site, three key villages and towns, and 17 regional-level villages and towns for rural tourism. In 2024, rural tourism contributed to an average annual income increase of 2,000 yuan for farmers and herders, leading to rural revitalization. Industrial integration has achieved a "triple leap," bringing innovation to traditional farming and animal husbandry regions. At Ulaan Hot’s Shenzhunwang Garden, guests can have their freshly picked fruits and vegetables cooked immediately at nearby restaurants, perfectly implementing the “from field to table” goal. The tomato cooperative in Ping’an Village, Horchin Right Wing South Banner, has devised a “grow-study-bake” innovative business model, offering bread baking classes to about 30 families daily. Meanwhile, Bayan-Ovoo Gachaa in Horchin Right Wing Center Banner created a comprehensive resort integrating agricultural tours, educational experiences, heritage, and ecological tourism. As you walk through Bayan-Ovoo, every household’s fields are orderly, with tomatoes, cucumbers, and eggplants beautifully grown under bamboo trellises, creating a "living" rural atmosphere. The tourist area includes a water park, camping, and guesthouses in both modern and traditional styles. Besides accommodation and food, local products such as chickens, geese, pigs, sheep, and eggs are sold directly by villagers, supporting agriculture and enhancing local living standards. Each year, the area welcomes an average of 300,000 tourists and in 2024 earned 1.8 million yuan from tourism, with an individual dividend of 3,000 yuan per resident. Bayan-Ovoo has found a development path suited to local realities that supports community growth and strengthens livelihoods, continuously building up the cooperative economy foundation and enabling locals to live prosperous lives. Initiatives to preserve folk culture and customs have made tradition a “magical way to attract tourists.” For example, Sanhe Village in Ulaan Hot has established a street featuring ethnic Korean traditions, where visitors can enjoy folk songs and dances, don traditional Hanbok, and try national cuisine. On May 1st, 8,000 people visited this now-popular tourist area on Labor Day alone. On May 19, China’s Tourism Day, Khyanngan held an exhibition themed "Khyanngan Featured Products”, gathering cultural products from six banners and the prefecture’s cities, representing both tangible and intangible heritage. This innovative event in cultural tourism alone attracted 22,300 visitors in one day, bringing in 28 million yuan. This model, which fuses “cultural displays and consumer demand,” promotes northern frontier culture and energizes tourism growth. Promoting ecological values turns “clear water into gold, and flowered mountains into silver,” creating a bridge for deriving economic value from nature’s beauty. In recent years, Sikou Village in Reshui used resources from Tsinghua University’s art school to create 20 art landscapes and transform seven courtyards, developing the countryside through art. Jalaid Banner’s Haolibao, with its 10,000-mu rice field, has become “art on land,” hosting rice harvest festivals and the "Wave of Rice" music festival. This shift from just selling rice to monetizing natural scenery has increased farmers’ income from each mu by 2,000 yuan. This "artistic and ecological added-value" approach raises natural resource value through cultural and tourism creativity. INNOVATION IN SERVICES SPEEDS SECTOR DEVELOPMENT Last year's 33-day Khyanngan Festival attracted tourists from all over the globe. Visitors celebrated and camped freely in the vast land, deeply experiencing the unique steppe culture. Herdsman-tour operator Chunxi attracted 60,000 customers via short video platforms. To increase customer satisfaction, he introduced the “herdsman’s cuisine” initiative, and his hand-pulled mutton soup and other dishes became very popular. Many tourists visit his camp not only for food, but also to ride horses and practice archery. “I was doubtful at first. I never imagined so many people would support and come. Since I started serving ‘herdsman’s cuisine’, my place has become famous; seats are always full,” Chunxi shared excitedly. Now, over 100 herder-run tourist camps in Horchin Right Wing South Banner use "offline experience and online sales" to spread steppe specialties nationwide, demonstrating Khyanngan's approach of “attracting people with tourism, driving consumption with online engagement, and developing sectors by meeting consumer needs.” In 2024, Khyanngan increased agricultural and animal husbandry product sales and supply through cultural tourism channels, and many farmer and herder cooperatives underwent continuous successful transformation. Incorporating agriculture and husbandry into the framework of "culture and tourism" has greatly raised their market value. Khyanngan leverages its "Khyanngan on the Highlands" brand by setting up meat tasting stalls and organizing hands-on events in tourism areas. Additionally, an “adopt a steppe sheep” program lets tourists select lambs in Ulaanmod, monitor their growth via mobile app, and have the meat delivered nationwide or cooked onsite. This innovative sales method benefits both agriculture and tourism. "Coming to Ulaanmod, I have experienced the steppe air, practiced archery, rode horses, and tasted grassland mutton. The lamb here is really delicious. I even bought one and plan to return for more next year," said Chen Fasu, a tourist from Guangxi. The “from the steppe to the table” policy has expanded mutton sales across the country and brought new vitality to traditional industries. Khyanngan Prefecture has transformed its resources into industry, attracted consumers with its scenic beauty, and organized cultural tourism events all year round, successfully breaking free from seasonality in tourism. The region holds a 100-day winter festival, utilizing its “cold advantage” to fuel industry growth. Zhang Xiaosheng, who runs a mutton hot pot restaurant in Reshui, commented, “In past years, we were almost empty during winter, but now, with the Winter Festival, we’re full almost every day. Business is booming and I’m more confident than ever that tourism in Reshui will flourish.” Leveraging the “snow and ice+” model, both winter visitor numbers and revenue have grown. In summer, Reshui’s natural beauty irresistibly draws tourists. Nature walks, camping, and cultural workshops are organized in scenic areas, allowing visitors not only to enjoy nature but also to learn and improve wellbeing. Year-round expansion of tourism networks around Reshui has turned peak season into a full-year phenomenon. From the peak of Khingan, one can see the lively music festivals on the grasslands, the smoke from yurts in the fields, the gentle songs on themed trains, and the "living" mood of herder’s camps—a harmonious melody of nature, music, agriculture, culture, and tourism. By using innovation as a pen and strengthening sector coordination, Khyanngan Prefecture is flourishing in industry, improving people’s livelihoods, writing a new history for the region, and advancing confidently toward a high-quality future for cultural tourism.

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As of Today, 13 Forest and Grassland Fires Are Burning

Published: 2025-06-26 | Translated from: montsame.mn

Regarding the current situation of forest and steppe fires and ongoing mitigation efforts, Colonel T. Bayarkhuu, Secretary of the National Emergency Commission, and Lieutenant Colonel P. Soronzonbold, head of the Firefighting Department of the National Emergency Management Agency (NEMA), provided information. Since the beginning of the year, as of today, there have been 129 incidents of forest and steppe fires reported in 64 soums of 12 aimags and three districts of the capital city, which is an increase of 44.1% compared to the same period last year. According to preliminary data, these fires have burned 63,659 hectares of forest and 576,262 hectares of steppe land, totaling 639,921 hectares. In addition, five houses, 49 yurts, five vehicles, seven motorcycles, 125 livestock pens, 6,300 livestock, 7,980 bundles of hay, and 80 sacks of fodder have been damaged, resulting in an estimated loss of around six billion MNT. Colonel T. Bayarkhuu said, "In a single day, the number of forest and steppe fires increased by seven. Of the 13 fires currently burning, five have been contained, and efforts are underway to extinguish the remaining eight. For example, five fires in locations such as Erdene in Tuv aimag, Khuder and Gurvan Tsagaan Tolgoi, Khaza, and Oros Davaa in Selenge aimag and Altanbulag soum have been contained. Meanwhile, firefighting operations are ongoing for three fires in Teshig soum of Bulgan aimag and Yeruu soum of Selenge aimag, and for additional fires in Tsagaannuur and Altanbulag soums, as well as Ulaan-Uul and Tsagaannuur soums in Khuvsgul aimag – a total of eight fires in four different aimags. Just recently, a report was received of a new fire in Bayan soum of Dornod aimag. Nationwide, 420 emergency workers with 25 vehicles, one military helicopter, and 243 citizens with 53 vehicles—a combined total of 663 people and 78 vehicles and equipment—are working at the fire sites." Of the registered fires, 15.1% were detected using heat-detecting satellite monitoring sites such as firms.modaps.eosdis.nasa.gov, icc.mn, and other similar services. Firefighting operations are being carried out by teams led by Colonel Ts. Nyambayar, head of NEMA’s Firefighting Department, including NEMA, the Capital City Emergency Management Agency, the National Rescue Brigade, the Mining Rescue Unit, and emergency management staff from the aimags of Darkhan-Uul, Selenge, Uvurkhangai, Bayankhongor, Umnugobi, Dundgobi, Dornogobi, Govi-Sumber, and Arkhangai, as well as local professional teams.

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Innovation

Unitel Group Launches Mongolia's First 5G-Compatible Mobile Internet

Published: 2025-06-26 | Translated from: ikon.mn

Unitel Group has introduced Mongolia's first portable device that supports 5G technology. Specifically, the new Home Internet device is now able to connect to 5G networks, giving users access to much higher speed internet. This allows users in areas without fiber optic cable coverage to enjoy fast internet and freely browse the online world. Additionally, brand new high-speed data packages designed exclusively for the 5G network are now available, offering even more data to users. Note: The new Home Internet device only operates in areas where the 5G network is available, so please check if there is 5G coverage at your home or office location. To view information on 5G coverage areas, click HERE, and for more detailed information about the device, click HERE. Experience the upgraded speed by getting the new device through Toki leasing. Warning: Media organizations (Television, Radio, Social and Web pages) are prohibited from using our information in full or in part in any form, except with permission, and only by citing the original source (ikon.mn).

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Memorandum Signed to Implement the Japan-Mongolia Sasakawa Scholarship Program

Published: 2025-06-26 | Translated from: montsame.mn

The Office of the President of Mongolia and Japan's Nippon Foundation have signed a Memorandum of Understanding to implement the "Japan-Mongolia Sasakawa Scholarship Program." The memorandum was signed today by A. Uilsetogoldor, Chief of Staff of the Office of the President of Mongolia, and Takashi Arikawa, Executive Director of the Nippon Foundation. The scholarship program aims to provide 1,000 students from rural and local areas in Mongolia with the opportunity to study at Mongolia's leading universities on a full scholarship. This program was agreed upon during President U. Khurelsukh's state visit to Japan in 2022. The scholarship's purpose is to prepare skilled professionals who can meet sustainable development goals, ensure people in rural areas have access to healthy food and a safe environment, and lead healthy, happy lives. These professionals are expected to work as leaders in their communities. Within the program, specialists will be selected from students in rural areas in the fields of the President's national initiatives: "Billion Trees," "Food Security and Safety," and "Healthy Mongolian People." Eligible students can study at the National University of Mongolia (NUM) in environment, forestry, and ecology; at the Mongolian National University of Medical Sciences (MNUMS) in clinical medicine, public health, and nutrition; at the Mongolian University of Life Sciences (MULS) in animal husbandry, agronomy, and plant protection; and at the Mongolian University of Science and Technology (MUST) in food production, food security and safety, nutrition and biotechnology, microbiology, and engineering. The program is open to students who are enrolled at these schools, have successfully completed their first year in the designated fields, and are willing to return and work in their local areas after graduation. Approximately 100 students will be selected annually for scholarships based on academic merit, with the condition that they must work in their hometowns for three years after graduation. The "Japan-Mongolia Sasakawa Scholarship Program" will run for 12 years, providing over 5 million USD in non-refundable support. During the signing ceremony, E. Odbayar, Foreign Policy Advisor to the President of Mongolia, remarked, "Mongolia and Japan have a strategic partnership agreement. During President U. Khurelsukh's state visit to Japan on the 50th anniversary of diplomatic relations in November 2022, it was decided to elevate the relationship to a strategic partnership. This decision was made by reviewing past achievements and setting the goal of a human-centered partnership focused on peace and prosperity for the next 50 years. The document signed covers many sectors, of which education is a key area. There was a mutual agreement to actively work with the government of Japan to educate more students in Japan. This collaboration with the Nippon Foundation was also discussed during the state visit. In 2023, the honorary president of the Nippon Foundation visited Mongolia and discussed specific future plans. Over two years, the Nippon Foundation, the Ministry of Foreign Affairs, and the Office of the President worked on this memorandum, which culminated in today's successful signing. The implementation of this program will serve as a bridge for Mongolia-Japan relations." Yuji Mori, Executive Director of International Programs at the Nippon Foundation, stated, "Our foundation began cooperation with Mongolia in 1990. In 1992, we successfully implemented a master's program for preparing skilled personnel at the Academy of Management, marking the start of our collaboration. In 2022, we celebrated the 50th anniversary of diplomatic relations between Japan and Mongolia. During that time, the President of Mongolia made a state visit to Japan, and our countries established a special strategic partnership. Today, in response to the President of Mongolia's respected request and initiative, we are signing a memorandum to provide scholarships for 1,000 students over 12 years. May our cooperation with your wonderful country continue to grow." Ch. Lodoi-Ravsal, Advisor to the President of Mongolia on Education, Science, and Technology, said, "Starting today, the Mongolia-Japan 'Sasakawa' Scholarship officially launches. This program is being implemented under the initiative of the President. Most importantly, it seeks to support the President's programs such as 'Billion Trees,' 'Food Security and Safety,' and 'Healthy Mongolian People,' by preparing leading specialists who will ensure these programs' successful implementation in local areas. We are collaborating with four universities that prepare the relevant professionals. The selection will focus on students who have chosen a relevant field, completed their first year, and demonstrate interest and commitment to work in that field in the future. Selected students will receive a three-year scholarship. The selection process is straightforward: firstly, students must have successfully completed their first year in their chosen field; secondly, they must agree to work in their local area for at least three years in their specialty; thirdly, ranking will be based on their GPA. The selection criteria are clear, preventing any undue influence. The program aims to support about 1,000 students over 12 years." Takashi Arikawa, Executive Director of Foreign Relations at the Nippon Foundation, added, "In the first phase of the scholarship, 100 second-year students will be selected. In four years, 360 students will receive scholarships, and in 12 years, 1,000 students will benefit. We trust that the students will perform well in their studies, graduate, and then return to work in their regions, contributing to their homeland. We will maintain close, attentive cooperation with the four Mongolian universities."

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Obtaining Quality Singaporean Education at the Most Affordable Price

Published: 2025-06-26 | Translated from: ikon.mn

Scholarships and Grants Provided by SIM Are you aspiring for higher education but worried about financial issues? Then we present to you the Singapore Institute of Management (SIM). Our team believes that talented and hardworking students deserve access to high-quality education regardless of financial challenges. Based on this belief, we offer the following scholarships and grants to students. 1. Scholarships: We Value Your Achievement
SIM Global Education (SIM GE) continuously acknowledges and rewards students’ achievements. If you demonstrate excellent academic performance and leadership skills during your studies, we will support you with a scholarship. This not only recognizes your dedication but also reduces the financial burden of tuition fees. The scholarship for Mongolian students entering diploma programs has the following criteria:
- Successful completion of high school with outstanding academic results
- Strong leadership and communication skills 2. Grants: We Extend a Helping Hand When Needed
We understand that everyone’s financial situation is different. That’s why we continuously provide grants to students who need them the most. These grants are intended to reduce your financial burden and help you focus on your studies. Applications for grants are accepted all year round and are reviewed every quarter. If you miss the deadline for a given quarter, your application will be considered in the next quarter. Criteria:
- Open to students of day or evening courses in foundation, diploma, undergraduate, and master’s programs (except for English Bridging/Preparatory/Certificate programs)
- The student must have already been admitted and started their studies
- Open not only to Singaporean citizens and permanent residents but also to international students 3. How to Apply?
The process of receiving financial support at SIM is very simple, and our admissions office is ready to assist you at every step, including preparing documents and filling out forms. If you are ready to take the next step, contact our local partner agency in Mongolia, Easy-Go, for more information! Notice
Media organizations (TV, radio, social media and web pages) are prohibited from fully or partially using our information in any form without permission. You must only use our information by mentioning the source (ikon.mn) as agreed.

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Health

More than 50 international scientists exchange experiences in the field of blood stem cell transplantation

Published: 2025-06-26 | Translated from: montsame.mn

The International Conference of the World Blood Stem Cell Transplantation Association, jointly organized by the National Center for Transfusion Medicine (UNTE) and the World Blood Stem Cell Transplantation Association, began today in Ulaanbaatar. This three-day conference is organized every two years in collaboration with national and continental professional organizations in member countries with the aim of supporting stem cell transplantation efforts around the world. The purpose of the conference is to exchange information and methodologies on blood stem cell transplantation, an advanced and effective treatment for severe and increasing blood disorders, as well as to discuss management, contemporary diagnostics, advanced therapies, new technologies, and innovations. This conference, held to commemorate the 100th anniversary of UNTE, gathers more than 50 leading hematology scientists and researchers from over 30 countries, including the United States, Japan, Germany, China, and the United Kingdom, who are sharing their experiences. Mongolia successfully localized both autologous and donor-derived stem cell transplantation procedures in 2014 and has since performed this kind of treatment on 37 citizens. Plans are underway to begin stem cell transplantation treatments for children as well, and steps are being taken to train the necessary medical specialists. Additionally, legal documents regarding the collection of stem cells from essential sources such as bone marrow, umbilical cord blood, and others are being developed. Amendments and proposals have also been submitted to enhance donor-related regulations.

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Emergency Medical Services to Be Provided by Helicopter

Published: 2025-06-26 | Translated from: unuudur.mn

Due to Mongolia's geographic characteristics and the dispersed settlement of its population, the need to provide emergency assistance by air has been steadily increasing. To meet this demand and deliver services at a professional level, we have begun working with French professional organizations to localize a comprehensive, helicopter-based emergency medical service system that meets international standards, at a national level. As a result, the delivery of medical assistance to citizens is transitioning to a new stage—fast, safe, and accessible. This is a concrete step towards enhancing the capacity to save lives and ensure health by helicopter in emergencies, as well as improving access to healthcare in rural areas. Going forward, we aim not only to meet current needs but also to increase the number and capacity of helicopters and to gradually introduce advanced technologies such as unmanned aerial vehicles into an integrated air assistance system. This is one of the solutions that aims to protect the lives and health of every citizen while gradually introducing international standards.

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After Naadam, citizens increasingly seek medical attention for pancreas, poisoning, and stroke cases

Published: 2025-06-26 | Translated from: news.mn

Although the National Great Naadam Festival is a time of celebration for the people, doctors are emphasizing that it is also one of the busiest periods for the healthcare sector. For example, according to Dr. G. Davaadorj, general physician at "Healthy Living" clinic, in the days following Naadam, more people come to the hospital with symptoms related to pancreatitis, food poisoning, illnesses caused by overheating, and stroke. He said, "During Naadam, people usually travel, so the general number of visits may seem low, but some take the opportunity of the holiday to have health checkups and tests. However, after the festival, the number of people coming in with food poisoning, digestive issues, acute pancreatic conditions, gallbladder problems, and stroke symptoms increases." Excessive consumption increases risks. During the festival days, there is an excessive intake of fatty, fried, and heavy foods such as khuushuur, boodog, and khorkhog. Along with these, the consumption of alcohol increases sharply, which burdens the pancreas, stomach, liver, and gallbladder and increases the risk of inflammation and disease. On this topic, Dr. G. Davaadorj noted, "Pancreatitis is not something that affects only the elderly. For example, a young child was recently diagnosed with gallstones. This is related to our unhealthy diet, consumption of processed foods, and the habit of skipping breakfast. Therefore, this condition can occur in people of any age." If stroke symptoms appear, seek immediate medical attention. In the days following Naadam, the occurrence of stroke-related symptoms such as dizziness, numbness in the limbs, and loss of consciousness also increases. In such cases, it is important to consult a doctor without delay or call emergency services for first aid and transfer to the next level hospital if necessary, doctors emphasize. "After we provide first aid to people showing stroke symptoms, we urgently refer them to higher-level facilities. This is most often related to alcohol consumption, overheating, and high blood pressure," said Dr. G. Davaadorj. The "Healthy Living" clinic offers the following advice to citizens: - Do not skip breakfast, make it a regular habit - Limit fatty, fried, spicy, and pickled foods during the festival - Reduce and do not overconsume alcohol - Drink more than 2 liters of water per day - Avoid lying down immediately after eating and do not have late evening meals - Avoid long exposure to direct sunlight - If your health condition changes, seek medical attention promptly If you do not change your diet and lifestyle, such diseases tend to increase year by year.

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Arts

The 'Kharkhorum 2025' International Film Festival Begins This Friday

Published: 2025-06-26 | Translated from: isee.mn

The Mongolian National Film Art Council and the "Kino Bridge" Development Association NGO are jointly organizing the second annual "Kharkhorum" International Film Festival in Ulaanbaatar from June 27 to July 2. This year's festival is special as it is being held to mark the 90th anniversary of the emergence and development of cinema in Mongolia. During the festival, 23 films from eight countries will be screened, including outstanding works by filmmakers who have won major international film festival awards. In the competition section, 13 films from seven countries will compete. Participating countries include the United States, France, Italy, South Korea, Japan, and Vietnam, bringing some of their best cinematic works. The program was curated by N. Tsogtbayar, Maria Razakamboly, and S. Byambatsereen. The jury consists of Oscar-winning producer Mark Basche, film curator Nikolai Nikitin, State Honored and People's Artist N. Suvd, Honored Artist S. Bold-Erdene, and film critic B. Amarsanaa. State Honored and People's Artist N. Suvd commented: "The film industry is a tough sector. Those seeking money, power, or positions should not work here. At international film festivals, many wonderful films are open to audiences. We hope you will come, watch, and generously share your suggestions and love with us."

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