Nov 19, 2024 66 min read Daily News Summaries

Mongolia News Summary for November 19, 2024

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 Mongolia Strategy Center or its members.

Today's Stories

Politics

The Capital is Trying to Launder 824 Billion Under the Pretense of Building Residential Housing

Published: 2024-11-18 | Translated from: news.mn

The Democratic Party faction of the Parliament held its regular meeting today and provided information on the issues discussed. O. Tsogtgerel, the head of the Democratic Party faction, stated: - We received a proposal from the Chinese side regarding the railway at the Gashuun Sukhait-Gants Mod border crossing, so Prime Minister L. Oyun-Erdene and Minister of Industry and Mineral Resources Ts. Tuvaan provided information. The issue of the Gashuun Sukhait-Gants Mod border crossing has been a hot political topic for Mongolia for the last 20 years. Our country has become highly dependent on mining, particularly on coal. In this regard, "Erdenes Tavan Tolgoi" JSC's coal needs to pass through the Gants Mod-Gashuun Sukhait crossing. Therefore, solving the border connection issue has become important. Increasing the capacity of the crossing, and using the railway built on the Mongolian and Chinese sides is economically impactful, so we need to discuss it positively. No specific proposal has been formulated yet; it will be presented to the Parliament in the future. Second, we heard information about the measures to be implemented regarding air pollution in Ulaanbaatar city. Third, we listened to presentations about the draft laws initiated by the members. Four years ago, the authorities claimed they had solved the issue of smog, yet today air pollution remains the same. Therefore, the responsibility of the National Committee, which was responsible for this task, and its accountability will be discussed. Recently, as stated by the Deputy Mayor of the Capital, work will commence to build the Fifth Power Plant in the next four years. However, three months ago, this was not included in the government's program approved by the Parliament. Thus, the question arises whether a separate fifth power station will be constructed separately from the government or the Ministry of Energy. Can there be a power plant in which the Ministry of Energy does not participate? According to the regulations, the Democratic Party faction decided to have three deputy heads, and member Ch. Lodoi Sambuu became the deputy head of the faction. Ch. Lodoi Sambuu, the Deputy Head of the Democratic Party faction, remarked: - The Deputy Mayor and other officials came to present on reducing air pollution in the capital. However, they did not provide sufficient information. Chairman Kh. Nyambaatar was absent, citing an official trip, so the faction insisted that Kh. Nyambaatar should attend in person and provide information. In general, the Parliament is unable to convey issues to the Mayor of the Capital and cannot take appropriate measures. The Parliament has provided specific work proposals. Personally, I previously proposed to Chairman Kh. Nyambaatar to review issues related to pedestrian walkways, but he falsely claimed to be on medical leave. By sending the newly appointed Deputy Mayor, they are unfamiliar with past and future work. Parliament member B. Jargalan stated: - Air pollution in Ulaanbaatar city has reached a critical level. There have been many tragic cases of people losing their lives due to carbon monoxide poisoning from using improved fuel in their homes. Yet, this year the capital plans to use the same improved fuel. The improved fuel has increased the sulfur content, it was reported. Additionally, sufficient answers to members' questions are not being provided. The National Committee to Combat Air Pollution was disbanded in November 2023. The national budget has expanded greatly. If profits are gained from copper, gold, and coal, then tackling air pollution should be the top priority. Significant funds were allocated to the capital in past years. For instance, a substantial amount was included in the adjusted budget for 2024. 584.3 billion MNT was allocated for relocating land for the Selbe sub-center. The land clearance has not been fully completed, it was said. The capital city issues bonds, increasing national debt. Using funds raised from the bonds, the capital plans to build residential housing worth 240 billion MNT on the cleared land of the Selbe sub-center. Tenders were announced in September. The capital is moving towards directly constructing residential housing. Why doesn't the capital transfer the cleared land to the private sector through auctions? Why is the capital engaging in work that the private sector can do? The representatives from the capital could not provide satisfactory answers. In the framework of the "Selbe" sub-center, an investment of 824 billion is required to build 12,000 apartments. The capital planning to build housing itself is a move towards money-laundering, which is unsatisfactory. Even when asked questions, the city administration could not provide answers. We want Chairman Kh. Nyambaatar to come and provide answers.

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The Democratic Party Caucus: Discussing the Gashuunsukhait-Gantsmod Port Issue

Published: 2024-11-18 | Translated from: news.mn

Every Monday, the party caucuses in the State Great Khural (Parliament) meet. Today, the Democratic Party caucus started its meeting at 10:00 am. The caucus is receiving information about the progress of the construction works on the railway border connection at the "Gashuunsukhait-Gantsmod" port, although it is unclear if there will be any announcements made. Meanwhile, the Mongolian People's Party (MPP) caucus is scheduled to meet at 3:00 pm. This week, the parliamentary session will only convene on Thursday to hold the final discussion on the bill to amend the Nuclear Energy Law. Last Friday, during the session, the initial discussion on the bill to amend the Nuclear Energy Law was conducted, and it has been forwarded to the Standing Committee on Security and Foreign Policy for final revision. Therefore, this standing committee is scheduled to meet on Wednesday.

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The Deadline for President Khurelsukh to Veto the 2025 Budget Proposal Ends This Week

Published: 2024-11-18 | Translated from: isee.mn

The 2025 budget proposal of Mongolia has attracted public attention and criticism, yet it was approved by the State Great Khural (Parliament). Last Friday, at the plenary session, the final draft was presented, and it was confirmed and sent to the President's Office. Subsequently, there is anticipation regarding whether the President will veto this budget proposal. According to Article 33, Section 1 of the Constitution of Mongolia, "The President shall have the right to veto, either entirely or in part, the laws and other decisions passed by the State Great Khural. If the veto is not accepted by a two-thirds majority of the total members of the Parliament participating in the session, the law or decision remains valid." In other words, it will become clear this week, during the five working days, whether the President will veto the budget proposal.

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Will Constitutional Provisions for Electing the President Be Changed?

Published: 2024-11-18 | Translated from: gogo.mn

There is talk of changing the provision in the Mongolian Constitution that states a President can only be elected once for a six-year term, to allowing re-election or having the President elected by the State Great Khural with the possibility of running again. When I first heard this information, which was reportedly agreed upon at a high level, and that it would involve using the Constitutional Court similarly to two years ago, I couldn't believe my ears. However, upon seeing it published in the media, I had no choice but to pay attention to the issue, which has a content similar to what I wrote about two years ago. In 2022, there was a similar event when the Constitutional Court annulled an article of the Constitution amended by the State Great Khural on November 14, 2019. This article allowed the Prime Minister and up to four government members to hold seats in the Khural, which was deemed inconsistent with fundamental principles like democracy and the rule of law. The President should not interfere with internal party matters. Shortly after, the Constitutional Court members were deemed incapable of upholding the Constitution and violating several articles, and a demand was made for their recall. Before the 2019 amendments, the Constitution did not restrict the number of terms a President could serve. As a result, under the Presidential Law, a President could serve two four-year terms. Presidents N. Bagabandi and Ts. Elbegdorj took full advantage of this provision. The change made in 2019, limiting the term to one six-year period, has sparked debate. Presidents during their second terms distanced themselves from the parties that nominated them, showing that the opportunity for two terms could lead to hidden ambitions, inconsistent with the President being an embodiment of unity according to the Constitution. Calls for change to prevent further breaches of the highest level of state leadership and attempts to wield power above Parliament have been made. If the Constitutional Court violates the Constitution again, it would endanger public faith in the Constitution and its protectors. The State Great Khural must remain unwavering in upholding the Constitution, even if the Court makes another questionable decision.

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Policy to Encourage Responsible Taxpayers Will Be Introduced

Published: 2024-11-18 | Translated from: gogo.mn

Mongolian Prime Minister L. Oyun-Erdene first worked at the Ministry of Finance. Finance Minister B. Javkhlan gave a detailed presentation on budget policy. In the 16-year period from 2005 to 2021, budget revenue was 99.9 trillion MNT, while in the last three years it increased to 110.4 trillion MNT. Exports from 2005 to 2021 amounted to 78.4 billion USD, but from 2022 to 2025 it is estimated to reach 63.3 billion USD. The GDP per capita in 2021 was 4,657 USD, and it is projected to double to 8,000 USD in 2025. He also presented the success in reducing the burden of foreign debt payments through rational debt management. Meanwhile, the Ministry of Finance is developing three options to reduce budget expenses for 2025. Prime Minister L. Oyun-Erdene noted that the 2025 budget is the first approved by the 126-member parliament formed under a mixed electoral system. Therefore, the budget has shifted from the tendency of allocating to electoral districts and has become an investment in regional development. Several members of parliament who used to add to electoral district budgets have now criticized the government for reducing expenses, which is a positive outcome of the new system. He stated that issues that have sparked public criticism of the 2025 budget should be addressed, and budget amendments should be made. It is right to view issues realistically and make decisions based on thorough calculations and studies. The Prime Minister reminded that in the future, attention should be given to approving non-deficit budgets. Our country’s main revenue-generating sector is mining, particularly heavily dependent on coal. Given the international trend of moving away from coal towards green economies, preparations and attention should be made in case coal exports decrease. Afterwards, Prime Minister L. Oyun-Erdene worked at the General Tax Authority. The organization works in areas such as tax policy, training and promotion of legislation, monitoring the implementation of the law, and generating revenue. Work with taxpayers has been digitized. Director of the General Tax Authority Ch. Chimidsuren explained that more focus is being given to intensifying digitization. Before the tax law reform, 5,000-6,000 taxpayers used to be audited annually, but in 2023 and 2024, this number decreased threefold to 1,500-2,000. There are 158,000 actively operating entities in Mongolia, of which taxes account for 10.1% of revenues, which is not a high figure compared to the region. Taxpayers enjoy 212 types of tax benefits and exemptions. Research is being done to create more favorable working conditions for taxpayers. A policy to reward responsible taxpayers will be introduced. In accordance with the government’s regional development policy, research on establishing regionally differentiated taxes is being carried out. Employees of the General Tax Authority expressed their opinions to the Prime Minister. There is a lot of feedback saying monthly VAT collection burdens businesses. They also mentioned the need to amend the clause on tax evasion in the Criminal Code and to update some government decrees and regulations related to taxes. Prime Minister L. Oyun-Erdene expressed his commitment to make their suggestions a reality and instructed to prepare for tax reform efforts. He stated that tax reform should focus on broadening the tax base, creating an investor-friendly environment, and changing approaches rather than solely focusing on fulfilling budget revenues with taxes.

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URGENT: L.Oyun-Erdene Attends Democratic Party Meeting, Discusses Connecting Gashuunsukhait Port by Railway

Published: 2024-11-18 | Translated from: isee.mn

Today, the regular meeting of the Mongolian People's Party (MPP) and the Democratic Party in the Parliament is being held at the Government Palace. The Prime Minister, L.Oyun-Erdene, attended and provided information at the Democratic Party's meeting in the Parliament. In his briefing to the Democratic Party, the Prime Minister talked about "the issue of connecting the Gashuunsukhait port with China's Gants Mod port by railway." This was based on the final agreement reached during the Prime Minister's recent visit to the People's Republic of China to connect the Gashuunsukhait port with the Gants Mod port by railway.

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The Prime Minister Provides Information on Railway Issues at the Democratic Party Caucus Meeting

Published: 2024-11-18 | Translated from: gogo.mn

The regular meeting of the Democratic Party's caucus in the State Great Khural of Mongolia is underway. During the meeting, information regarding the progress of the border connection construction of the "Gashuunsukhait-Ganzmod" port railway is being presented. At this session of the caucus meeting, the Prime Minister of Mongolia, L. Oyun-Erdene, is providing detailed information on the progress of the negotiations for the cross-border railway "Gashuunsukhait-Ganzmod" and is answering questions posed by members of the Democratic Party caucus in the State Great Khural. Source: Democratic Party Caucus

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Deputy Prime Minister S. Amarsaikhan's New Appointments

Published: 2024-11-18 | Translated from: news.mn

Deputy Prime Minister S. Amarsaikhan relieved several deputy directors of the National Emergency Management Agency (NEMA) from their duties, appointing new officials in their place. Specifically, Colonel Ts. Ganzorig, former deputy director and now chief of staff, was appointed as the first deputy director and chief of staff of NEMA. Colonel Ts. Uranchimeg, head of the Prevention Department, was appointed as a deputy director, and Colonel Ya. Gantumur, the head of the Finance, Supply, and Investment Department, was also appointed as a deputy director. The former deputy directors of NEMA, including the first deputy and chief of staff J. Chultemsuren, Deputy Director Brigadier General B. Uuganbayar, and Deputy Director Brigadier General D. Namsrai, were relieved of their duties last week. In the case of Colonel Ts. Uranchimeg, who has been appointed as a deputy director, she is known to be the wife of B. Otgonsukh, the executive director of the "Mongolian Railway" state-owned company. Ya. Gantumur is the younger brother of Ya. Tömörbaatar, a former advisor to the President and former rector of the National University of Mongolia. He is also known as the nephew of former Minister of Defense G. Saikhanbayar. The new appointments by the Deputy Prime Minister, made up of people connected to politicians and powerful figures, have been criticized by the public.

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Economy

China Accounts for the Majority of Foreign Trade Turnover

Published: 2024-11-18 | Translated from: news.mn

The National Statistics Office presented the economic indicators for Mongolia for the first ten months of 2024. Mongolia engaged in trade with a total of 156 countries in 2024, with total foreign trade turnover reaching 22.8 billion US dollars. Of this, exports amounted to 13.2 billion US dollars, while imports reached 9.6 billion US dollars, resulting in a trade surplus of 3.6 billion US dollars. Specifically, exports increased by 732 million US dollars, meaning that 93% of exports were composed of mining products. The growth in exports was mainly influenced by 412 million US dollars from copper concentrate, 250 million US dollars from coal, and 154 million US dollars from gold. Notably, 91% of exports were conducted with China. Meanwhile, imports increased by 2 billion US dollars, mainly due to passenger cars, with 340 million US dollars worth of cars imported. In the first ten months of this year, trade with China reached 15.9 billion US dollars, accounting for the majority of total foreign trade turnover at 69.6%.

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Asian Development Bank Approves $100 Million Loan

Published: 2024-11-18 | Translated from: gogo.mn

The Asian Development Bank (ADB) has approved a $100 million policy loan for Mongolia to intensify and sustain its efforts against climate change. The "Climate Investment Program (Subprogram 1)" aims to realize Mongolia's nationally determined contributions (NDC) and implement the National Adaptation Plan (NAP) while supporting gender-sensitive actions. “This program will help integrate climate action into national plans and budgets, and supports Mongolia in developing a low-carbon, resilient, and inclusive economy by mobilizing climate finance from public and private sectors,” said Shannon Cowlin, ADB's Country Director for Mongolia. She further explained, “Programs will be developed to make climate finance affordable and accessible, improving conditions for business in key sectors.” The focus will be on energy and agriculture. Mongolia is vulnerable to climate change risks and poses a danger due to global warming. Rising temperatures and increasing aridity threaten the traditional nomadic livestock livelihoods of many Mongolians. The frequency and severity of climate-related disasters, such as dzuds, have increased, leading to significant livestock losses. Women, pastoralists, and migrants from rural to urban areas are the most affected vulnerable groups at risk from climate change. The program supports strengthening institutional frameworks for climate action, investment planning, and budgetary systems. Policy measures include boosting investments in renewable energy production, enhancing energy efficiency in the construction sector, and developing climate-resilient agriculture, livestock, and food processing industries. The program aims to improve climate finance and resource management by issuing green and sustainable bonds, expanding the banking sector's green loan portfolio, and improving investment roadmaps for industries aiming for low carbon emissions and climate resilience. It particularly targets the energy and agricultural sectors. ADB remains committed to its efforts to eradicate extreme poverty in the Asia and Pacific region while working towards inclusive, sustainable, and resilient regional development. Established in 1966, the bank has 69 member countries, 49 of which are in the region.

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To Stockpile or Sell our Coal?

Published: 2024-11-18 | Translated from: ikon.mn

Coal is the most widely distributed and abundant energy resource on Earth, with significant economic importance. Approximately 80 countries have identified their coal reserves. Globally, there are more than 2,900 coal basins. As of the end of 2020, the world's proven coal reserves stood at 1.07 trillion tons. While geological and exploration work can increase reserves, coal is ultimately a finite resource. This raises the issue of how humanity will meet its unlimited energy needs once the coal reserves are depleted. In 2023, global coal production was 9.096 billion tons. However, advancements in science and technology are leading to the development of renewable energy sources, which are identified as alternatives to coal. Renewable energy, or green energy, includes resources like solar, water, and wind, which are reusable and renewable. Recently, the production of energy from solar, hydropower, and wind power plants has become widespread internationally. With technological advancements, the cost of producing electricity from solar energy has decreased, dropping by 85% between 2000 and 2010. Non-renewable energy includes exhaustible resources like oil, natural gas, and coal. Fossil fuels such as coal, oil, and natural gas significantly contribute to climate change. Around 75% of global greenhouse gas emissions and 90% of carbon dioxide emissions come from fossil fuel use. While 80% of the world's energy was once produced using fossil fuels, the use and production of renewable energy is rapidly increasing each year. Renewable energy has several advantages aside from addressing climate change. It is available in ample supply globally, meaning no region faces scarcity, and it is cost-effective, health-friendly, environmentally friendly, and creates new jobs, thus holding significant economic importance. Fossil fuel industries received approximately $5.9 trillion in investments in 2020, excluding tax concessions and environmental and health damages. In contrast, investing in renewable energy technologies and infrastructures requires $4 trillion annually until 2030. Implementing this plan would reduce air pollution to "0" % by 2050, achieving a pollution-free environment. Countries with limited natural resources face significant initial costs, so financial and technological support is crucial for transitioning from traditional to renewable energy. Nevertheless, reducing environmental pollution and climate change could save $4.2 trillion worldwide annually. With initiatives and calls from the United Nations and affiliated organizations to ensure a healthy and safe future for humanity, investments in renewable energy are increasing each year, technologies are developing, and renewable energy usage continues to grow. Currently, about 29% of global electricity is derived from renewable energy sources. Therefore, as renewable energy becomes an "alternative product" to coal in the future, the long-term non-utilization of Mongolia's coal resources may decrease its value rather than increase it. The International Renewable Energy Agency has set a goal for 90% of the world's electricity to be generated by renewable energy by 2050. As electricity production shifts from coal to renewable sources, demand and prices for coal will decrease. Thus, should Mongolia stockpile its coal or sell it? Competition in the Coal Market between Mongolia and Russia The Russia-Ukraine war has created new challenges in the energy transition. Although geopolitical conflicts have accelerated the development of renewable energy like solar and wind power, fossil fuel-based energy remains the most stable and reliable source of energy supply. Therefore, there is a dual challenge of ensuring traditional energy security while moving forward with the renewable energy transition. Mongolia's economy is divided into five regions: Central, Khangai, Gobi, Western, and Eastern, and its coal resources are relatively evenly distributed across these regions. The Central region, with 13 coal fields, holds 16.5% of the national reserves; Khangai, with 13 fields, holds 4.7%; Gobi, with 20 fields, 30.6%; Western, with 23 fields, 16.7%; and Eastern, with 16 fields, 31.5%. The majority of the reserves are concentrated in the Eastern and Gobi regions. Currently, "Brown Coal" is the main type of coal in Mongolia, concentrated in the eastern economic region. Brown coal falls into the second-grade coking coal category. Mongolia's largest coal deposits are the Baganuur, Sharyn Gol, Shivee Ovoo, Nariin Sukhait open-pit, and Tavan Tolgoi coal fields. In terms of ash content, moisture, sulfur content, and calorific value, coal from the Baganuur, Sharyn Gol, and Tavan Tolgoi mines is of relatively good quality. The Tavan Tolgoi mine, located 250 km from China, holds large reserves of high-quality coking coal, the closest to China globally. While Russia possesses a variety of coal types and large coking coal reserves, over three-quarters of its reserves are concentrated in the Far East or Asian side, with the remainder on the European side. Exporting coal from the Russian Far East to the European market incurs additional costs due to transportation and logistics, reducing competitive advantages. For exporting coal to China, the world's largest coal market, geographic proximity limits conditions due to transportation and logistics. The Russia-Ukraine war has impacted global order, affecting oil, natural gas, coal, new energy, and other sectors' supply-demand dynamics. Two years after the war began, over 200 sanctions have been announced by the European Union and more than 500 by the United States against Russia. The US introduced policies to limit Russia's revenue from the energy sector. As a major coal producer and supplier, Russia significantly influences the global coal market. Based on world statistics, Russia ranks second only to the US in coal reserves, holding 15% of the world's proven reserves. Russia is sixth in coal production and consumption, primarily using coal for power generation and exporting coking coal. Russia's "Energy Strategy until 2035" document outlines plans to increase annual coal production to 485-668 million tons by 2025. According to the country's Ministry of Energy statistics, 440 million tons of coal were produced in 2023, with 220 million tons exported, marking a 5% increase compared to the previous year. Russia has consistently led in coal exports worldwide. However, sanctions due to the Russia-Ukraine war have created inevitable conditions for shifts in Russia's coal trade, leading to a pivot towards the Chinese market. In this global geopolitical, economic, and trade context, will Mongolia connect its vertical road with Russia to export Russian coal to China through its territory, or will it refrain from connecting its railway with Russia and use its competitive edge to sell its own coal to China? This is a question for the reader. Mongolia's Stock Exchange on the Path to Bringing Mining Products to the Global Market In traditional economics, the "economic process" was defined as a complex, multifaceted system that evolves amid limited human and societal resources and unlimited human needs. However, modern economic science views human needs as limited, surmising them to be met within the confines of limited resources while ensuring continuous market turnover and supporting economic growth. With this view, producers create completely new needs beyond traditional needs and fulfill these emerging needs themselves. In 2022, Mongolia passed the "Law on the Commodity Exchange of Mining Products," effective from June 30, 2023. Before this law, coal trade was primarily conducted with a few Chinese companies, resulting in the "Coal Theft Case" owing to insufficient transparency and independence in coal trade information. Due to geographic proximity, despite the demand advantages, Mongolia could only export mining products to Russia and China, limiting opportunities to access third markets. Implementing this law allows Mongolia's coal market to become transparent, open, competitive, and free from secret dealings within select Chinese companies. Through a virtual commodity exchange, coal and other mining products will be traded under market competition, providing conditions for open competition among international buyers, leading to increased demand and prices and opening broad market opportunities. By participating in the coal trade based on market competition, old buyers also focus on defining their long-term position in Mongolia's coal market, implementing policies accordingly, seen through events like cross-border railway agreements. Thus, the Mongolian Stock Exchange successfully organizes transparent, open, independent, and competitive trading of mining products, particularly coal, within legal standards. This significantly impacts our country's economy by boosting demand, raising prices, and fostering competition, as analyzed from the actual market conditions and various official statistics from both domestic and abroad.

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The average exchange rate of the tugrik against the dollar is 3392 tugriks

Published: 2024-11-18 | Translated from: isee.mn

According to the Bank of Mongolia, the monthly average exchange rate of the tugrik against the U.S. dollar was 3392.02 tugriks in October 2024. This is an increase of 60.5 tugriks from 2023, but a decrease of 11.1 tugriks from September. The monthly average exchange rate of the tugrik against the euro was 3698.49 tugriks in October, according to the Bank of Mongolia. This is a decrease of 52.1 tugriks from 2023, but an increase of 55.3 tugriks from September. The monthly average exchange rate of the tugrik against the ruble was 35.22 tugriks in October. This is an increase of 0.4 tugriks from 2023 and 1.8 tugriks from September. The monthly average exchange rate of the tugrik against the yuan was 478.55 tugriks in October. This is a decrease of 6.2 tugriks from 2023 and 0.9 tugriks from September.

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Real Estate, Land, and License Auction to Start at 50% Discount

Published: 2024-11-18 | Translated from: news.mn

Within the framework of resolving the loan liabilities of the Development Bank, a forced auction will be held on November 22, 2024, at the Enforcement Agency of Decisions of the Capital City Court. This auction, aimed at selling certain real estate, land, and special mining licenses, will be conducted in an open form with bidding, starting at a price 50% lower than the market value, in accordance with relevant laws and regulations. This forced auction will include the following properties: - A real estate property intended for service purposes located in the 6th Khoroo of Chingeltei District, with an area of 3,780 square meters, including the land usage rights for residential service purposes with an area of 4,380 square meters. - A 50,000 square meter plot intended for commercial and service use, with land usage rights for a central complex, located in the Gunburd Valley of the 4th Bag of Sergelen Soum, Tuv Province. - A special mining license covering an area of 25.94 hectares located in the area called Shavart in Nalaikh District. - A 30,000 square meter plot for residential purposes, with land usage rights, located in the 2nd Khoroo of Nalaikh District. Those interested in these properties, including citizens and businesses, are encouraged to participate actively. For more detailed information related to the property auction, please visit http://www.niislel.cd.gov.mn or www.facebook.com/niislel.cd.gov.mn.

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Public Auction of Real Estate, Land, and Mineral Licenses to Start at 50% of Market Price

Published: 2024-11-18 | Translated from: montsame.mn

As part of the Development Bank's debt recovery operations, a public auction will be held on the 22nd of this month at the Capital City Court Decision Execution Office. The auction aims to sell real estate, land, and special licenses for minerals, and will be conducted openly through competitive bidding, starting at a price reduced by 50% from the market value, in accordance with relevant laws and regulations. This time, the public auction will include: - A 3780 square meter service-oriented immovable property located in the 6th district of Chingeltei, along with ownership rights to land intended for residential use, covering an area of 4380 square meters. - A 50000 square meter trade and service land located in Gunburdiin Am of the 4th district of Sergelen soum, Tuv province, with ownership rights intended for a central complex. - A mineral license covering an area of 25.94 hectares in Shavart, Nalaikh district. - A 30000 square meter land intended for residential use with ownership rights located in the 2nd district of Nalaikh. We invite interested individuals and businesses to actively participate. For more detailed information about the forced auction, please visit http://www.niislel.cd.gov.mn or www.facebook.com/niislel.cd.gov.mn. Follow @montsame.mn

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NSO: Foreign Trade and State Budget Surplus Reported

Published: 2024-11-18 | Translated from: gogo.mn

The head of the Household-based Survey Department of the National Statistical Office (NSO), L. Undral, has presented the statistical indicators for October. During the first ten months of 2024, our country traded with a total of 156 countries, and the total value of foreign trade reached 23 billion USD. Of this, exports amounted to 13 billion USD and imports to 9.6 billion USD, resulting in a trade surplus of 3.6 billion USD. Based on preliminary performance, the money supply (M2) reached 42 trillion MNT, which is an increase of 8 trillion MNT (24.9%) compared to the same period last year. The increase was influenced by savings in MNT increasing by 5.4 trillion MNT (34.9%), and current accounts in MNT increasing by 2.6 trillion MNT (35.4%). The total revenue and assistance of the unified state budget reached 25.5 trillion MNT in the first 10 months of 2024 according to preliminary performance, an increase of 5.7 trillion MNT (28.7%) from the same period last year, while the adjusted revenue and assistance amounted to 23.9 trillion MNT, an increase of 4.9 trillion MNT (25.9%). According to the crop harvesting status data, as of October 2024, the country harvested 431.3 thousand tons of grain, 244.5 thousand tons of potatoes, 229.5 thousand tons of vegetables, 243.3 thousand tons of fodder crops, 55.1 thousand tons of industrial crops, prepared 1039.0 thousand tons of hay, and 25.1 thousand tons of manual feed. By October 2024, 4469 cases of dangerous phenomena and accidents were registered nationwide, an increase of 868 (24.1%) compared to the same period last year. In Ulaanbaatar, housing prices increased by 13.1% compared to the same period last year and by 1.6% from the previous month. In terms of the age of the housing, new housing prices increased by 11.0% compared to the same period last year and by 1.9% from the previous month, while old housing prices rose by 14.7% compared to the same period last year and by 1.6% from the previous month.

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Moody's Agency Rates Mongolia's Credit Rating as 'B2, Stable'

Published: 2024-11-18 | Translated from: news.mn

International credit rating agency Moody's announced that Mongolia's credit rating has improved to "B2, stable" after nine years. Last month, international credit rating agency Fitch rated Mongolia's credit rating as "B+ stable," and S&P rated it as "B+ positive" consecutively. Moody's highlighted the following factors contributing to the improvement of Mongolia's credit rating to "B2, stable": - The government's debt burden has been steadily reduced in recent years. - As a result of prudent debt management and fiscal discipline, the government's refinancing risk in the coming years has decreased. - The economy has been growing steadily, and both the GDP size and its real growth have increased, according to the report. In the past, Mongolia has faced challenges such as the global pandemic and geopolitical armed conflicts, but due to the financial and fiscal discipline and sound debt management policies implemented by the government, it has maintained its credit rating without downgrades. As a result, it has managed to secure ratings from three internationally reputable agencies. The credit rating is a high indicator that is significant for supporting economic development and creating stable growth, as it affects a country's ability to attract foreign investment for public institutions, private enterprises, and financial institutions, as well as reducing investment costs. Moreover, the value of the government’s foreign bonds has increased, and conditions are in place for the credit ratings of other commercial banks and private companies to improve as well.

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Moody's Agency Rates Mongolia's Credit Rating as "B2 Stable"

Published: 2024-11-18 | Translated from: itoim.mn

The international credit rating agency Moody's announced that Mongolia's credit rating has improved to B2, stable, after nine years. Last month, the international credit rating agency Fitch announced Mongolia's credit rating as B+ stable, and the agency S&P rated it B+ positive consecutively. Meanwhile, Moody's highlighted the following factors contributing to the improvement of Mongolia's credit rating to B2, stable: - The government has continuously reduced its debt burden in recent years. - Due to the proper management of debt and fiscal discipline, the government's refinancing risks have decreased in the coming years. - The economy has been steadily growing, with both the GDP and its real growth increasing, as stated in the report. In the past period, despite the challenges of the global pandemic and geopolitical military conflicts, Mongolia's government maintained financial and fiscal discipline and implemented an effective debt management policy, which helped to keep the credit rating stable without downgrading, thus achieving the rating evaluations from three internationally reputable agencies. Credit ratings affect a country's ability to attract foreign investment for public, private, and banking institutions and reduce investment costs, which is crucially important for supporting economic development and creating sustainable growth. Additionally, the value of the government's foreign bonds is expected to increase, and the conditions for improving the credit ratings of other commercial banks and private companies are being created.

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Coal Export Reaches 68.6 Million Tons

Published: 2024-11-18 | Translated from: montsame.mn

Ulaanbaatar. Our country has exported 303.4 thousand tons of coal as of last week. Since the beginning of 2024, the amount of exported coal has reached 68,684.3 thousand tons, an increase of 25.1 percent compared to the same period last year. Our country plans to export a total of 78 million tons of coal this year.

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Trade and Development Bank to Organize Financial Support Program for Small and Medium Enterprises

Published: 2024-11-18 | Translated from: ikon.mn

The Trade and Development Bank, in collaboration with the Ulaanbaatar City Center for Supporting Small and Medium Enterprises and Services, and the Credit Guarantee Fund, is set to implement a financial support program for SMEs in Ulaanbaatar. The "Financial Support Agreement for Business Entities Engaged in Small and Medium Enterprises and Services in Ulaanbaatar City" was officially signed by the parties. The aim of this initiative is to provide SMEs with low-interest, preferential loans as part of the "Plan for Enhancing the Competitiveness of Small and Medium Enterprises and Service Providers in Ulaanbaatar," overseen by the Ulaanbaatar City Center for SMEs. This, in turn, will contribute significantly to the economy. Furthermore, SMEs participating in the program will attend "Training and Consulting Services to Enhance Competitiveness," in collaboration with the Trade and Development Bank, the Ulaanbaatar City Center for SMEs, and the German International Cooperation Agency (GIZ). The training will cover a range of skills including business planning and organization, utilizing investment opportunities, brand development, market research, negotiation, marketing strategy development, contract law, and gaining knowledge of legal regulations. Through this program, the Trade and Development Bank aims to support small and medium business entrepreneurs by offering loans under preferential conditions based on real needs. This is a significant step towards improving the market competitiveness and economic potential of entrepreneurs, and aligns with the national policies being implemented at the sectoral level. Notice: Media organizations (Television, Radio, Social and Web pages) are reminded that any reproduction or use of this information in full or in part must include the source (ikon.mn).

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TDB to Provide Financial Support to Small and Medium Enterprises

Published: 2024-11-18 | Translated from: news.mn

The Trade and Development Bank, in collaboration with the Capital City’s Small and Medium Enterprises Support Center, Project Implementation Center NGO, and the Credit Guarantee Fund, has launched a program to provide financial support to SMEs in Ulaanbaatar. An agreement titled 'Providing Financial Support to Small and Medium Enterprises and Service Providers in Ulaanbaatar' was officially signed by all parties. The purpose of this initiative is to contribute actual economic benefits by offering low-interest, favorable condition loans to SMEs within the framework of the 'Ulaanbaatar City SMEs Competitiveness Improvement Plan' being implemented by the Capital City’s SMEs Support Center NGO. In addition, enterprises participating in the program will be able to attend the 'Competitiveness Improvement Training and Consulting Services' held in collaboration with the TDB, the Capital City’s SMEs Support Center, and the German International Cooperation Agency (GIZ). In this training, businesses will learn skills such as developing business plans, organizing operations, utilizing investment opportunities, conducting brand development and market research, making negotiations, formulating marketing strategies, and gaining knowledge of contract law and regulatory frameworks. Through this program, the Trade and Development Bank aims to support small and medium business owners by providing loans under favorable conditions based on actual needs. This initiative represents a significant step forward in enhancing the market competitiveness and economic capacity of business entrepreneurs while contributing to the state policies implemented at the industry level.

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The amount of non-performing loans of citizens reached 567.8 billion MNT

Published: 2024-11-18 | Translated from: ikon.mn

The National Statistics Office of Mongolia (NSO) presented statistical information on the first ten months of the country's social and economic situation, introduced by L. Undral, head of the Household-based Survey Department. Specifically, the money supply at the end of the first ten months of 2024 reached 42.1 trillion MNT in preliminary execution, an increase of 8.4 trillion MNT or 24.9 percent compared to the same period last year. This growth was mainly influenced by the increase in MNT deposits by 5.4 trillion MNT and MNT current accounts by 2.6 trillion MNT. He also presented the statistical information as follows. MNT deposits: Of the 20.7 trillion MNT, 86.4 percent is held by citizens and 13.6 percent by enterprises and organizations. Foreign net assets account for 19.9 percent or 8.4 trillion MNT of the money supply, while domestic net assets account for 80.1 percent or 33.7 trillion MNT. The total outstanding loan debt at the end of October this year was 35.4 trillion MNT, an increase of 9.1 trillion MNT compared to the same period last year. The increase was mainly influenced by the 6.2 trillion MNT increase in outstanding debt of citizens' loans. Outstanding loan debt of private enterprises: This has increased by 2.5 trillion MNT compared to the same period last year. Of the total outstanding debt, 60.4 percent is held by citizens, 37.7 percent by private enterprises, 0.8 percent by state organizations, and 1.1 percent by financial and other organizations. Of the total outstanding debt, 90.5 percent is normal loans, 3.7 percent is loans attracting attention, and 5.8 percent is non-performing loans. Looking at non-performing loans in detail: 1.5 trillion MNT or 72.1 percent is in the private sector, and 567.8 billion MNT or 27.5 percent is in citizens' loans. Normal loan debt outstanding reached 32.1 trillion MNT, an increase of 9.3 trillion MNT compared to the same period last year. Additionally, the outstanding debt of loans attracting attention reached 1.3 trillion MNT, increasing by 100.7 billion MNT or 7.2 percent compared to the same period last year. Non-performing loans reached 2.1 trillion MNT, a decrease of 122.6 billion MNT or 5.6 percent compared to the same period last year. Warning: Media organizations (television, radio, social networks, and websites) must always cite the source (ikon.mn) when using our information in whole or in part.

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Featured Business: ITC Tower, the Business Center of the Capital City

Published: 2024-11-18 | Translated from: ikon.mn

According to statistics from 2024, there are 99,138 registered businesses actively operating in Mongolia. A trend is seen where 70% of these enterprises are gravitating towards the Capital City. This has led to economic activities becoming centralized. More than 60% of these businesses are concentrated within a 1.3 km radius of Sukhbaatar Square, making this area the business hub of Ulaanbaatar. This area houses over 600,000m² of office and service spaces across more than 150 building projects. The growth of enterprises in UB has been driving a high demand for workplaces that meet modern standards and requirements. Planned to be a comprehensive development of international standards in Mongolia, the "International Trade Center"—an OFFICE, SERVICE, EVENT HALL consolidated into one—is expected to come into use next year at the center of the city. This initiative by the Ulaanbaatar Group provides the opportunity to expand the reach of businesses and operate at a single location with future clients. Discover the innovative and sustainable development solutions that loom tall in the heart of the city, elevating the business environment with the International Trade Center. Business Name: International Trade Center Location: On the way from the Ministry of Foreign Affairs to Shangri-La, Sukhbaatar District, opposite the Ministry of Health Business Area: Consolidated "International Trade Center" offering office, service, and event hall spaces Founder: "Ulaanbaatar Group" LLC Established: 2022 Websites: MOTIVATION In recent decades, Mongolia has strived to shift its reliance from mining by focusing on new sectors such as technology and innovation. The International Trade Center is part of this change. A lack of internationally recognized, high-standard infrastructure for buildings and offices in Mongolia inspired the construction of the ITC Tower. Our main goal stems from the desire to better understand and provide spaces that cater to the needs of modern companies. Nowadays, an employee's workspace is not just a desk and chair; companies require environments that enhance productivity, technology, and comfort. Thus, our business idea was inspired by the intent to create a comprehensive space that supports business success, providing not just an office room or a location for rent, but a sustainable space that supports business continuity and serves as a long-term sustainable investment. DISTINCTION In a bustling city where traffic and finding parking is unpredictable, parking is essential for those working or living here. Therefore, the ITC Tower has allocated a warm parking area with a capacity for 106 vehicles, ranking second after the Shangri-La center among office buildings in the city center in terms of parking slots. Additionally, keeping the building's interior environment healthy and safe is another crucial aspect. Office workers and tenants can place various air filters and wear masks on their desks, but if the incoming air is polluted from outside, it serves no purpose. Thus, it was necessary to improve the ventilation system of the entire building. We have planned an LG branded ventilation system that purifies external polluted air with a three-layer filter to provide clean air, which we consider a distinctive feature of this development. WHAT IS THE ITC TOWER? We consider the ITC Tower more than just a single tall building—it represents a modern business ecosystem. It combines productivity, comfort, and innovation. The project is located in the A+ zone of Ulaanbaatar, with a total area of 27,700 m² comprising a 17-story building. However, the essential value of the ITC Tower lies in its furnishings and solutions dedicated to modern business owners. We have included capsule hotels, oxygen rooms, and cabin offices within the building, prioritizing productivity and employee comfort above all else. Research has shown that workers taking short breaks are 30% more productive and 50% more focused, suggesting that during this time when global attention is geared toward employee satisfaction and comfort, we see this as a well-timed solution. The oxygen room, in particular, is a very necessary development for residents of the megacity who work and live amidst air pollution. Entering this room reduces fatigue and improves cognitive functioning and recovery. The capsule hotel aims not just to serve travelers but also to provide a place where workers can take "power naps" during the day to recharge their energy. In short, the ITC Tower is not an ordinary office building; it's a center consolidating all solutions for modern, busy city life. NOW Our building offers spaces for organizing events, in addition to office purposes. Location, capacity, lifts, interior design, and architectural solutions are crucial for hosting large events, gatherings, conferences, and training. Currently, we are focusing on building an interesting section with a lobby featuring a 7.2-meter high ceiling and a 75-meter-long service street. This section is designed to allow artists to display their work and provide a luxurious area for customers to rest and enjoy art. We also offer a reception hall with the latest interior design and the capacity to host 500 people in 1,200 m² of space. German WELLS brand high-speed elevators can carry a total of 7,630 kg or 108 people at once, serving as a solution to save time for workers by swiftly and unobstructedly reaching destinations during peak loads. At the end of 2022, there were 115,115 people with disabilities living in Mongolia, most of whom face difficulties accessing and using public spaces. In support of people with disabilities, our project provided full accessibility from building interior planning to entry systems. Thus, we collaborated with international standards and consultants from the design stage, ensuring seamless and unrestricted access for people with disabilities, which serves as an important expression of social responsibility. FUTURE Research indicates that productivity increases by 15-30% for people working in environments with suitable infrastructure and services. Moreover, 78% of office workers prefer workplaces where necessary daily services are accessible quickly and efficiently. This affects not only employee productivity but also job satisfaction, as shown by studies by international organizations. Therefore, convenience stores, chain restaurants, lounges, coffee shops, banks, and notaries will be located on the 1st to 3rd floors of the building, creating favorable conditions for business owners to work in a convenient environment and allowing office workers quick and easy access to necessary services. This aims to increase productivity and save time for workers. RISK As previously mentioned, we strive to incorporate innovative technologies into the building. This increases maintenance costs; hence, by preemptively preventing such risks, we followed the International Property Management (IPM) standards to monitor regular maintenance, allowing daily operations to run economically and efficiently. Another major risk for this type of business is securing tenants and keeping the space occupied. In terms of the market, enterprises and business owners need office spaces to rent, and a close location to the city center to serve and reach customers is important. Tenants often focus on rental prices and look for cheaper places to rent, but they end up spending considerably on significant repairs. However, the demand for A+ grade office buildings in the city remains steady, maintaining their value. Looking at the sales price growth for office spaces in previous years, the average sales price in Sukhbaatar district grows by 8.7% annually, suggesting that we should not encounter many challenges competing on price or struggling to attract customers, given the market is already in high demand. If you are interested in retail and service spaces in the DOWNTOWN area, please call 7777-9989 for more detailed information. Warning: Media outlets (Television, Radio, Social and Web pages) must mention the source (ikon.mn) when using our information in any form, either fully or partially.

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KhasBank Wins "Best of the Year" at the Internal Audit Forum Organized by the IIA Mongolia Chapter

Published: 2024-11-18 | Translated from: ikon.mn

The 8th Forum (Annual Conference) of the Institute of Internal Auditors Mongolia Chapter (IIA Mongolia) was successfully held under the theme "Embrace Change, Add Value". For the first time, during this year's event, the association awarded its "Best of the Year", selecting the Internal Audit Unit of KhasBank for outstanding achievements and high professional performance as the "BEST INTERNAL AUDIT UNIT OF THE YEAR". KhasBank has been leading the sector by initiating and implementing many projects that significantly contribute to the development of internal auditing in Mongolia, and is proud to be the organization that has trained the most international certified internal auditors (CIA) in the country. Among KhasBank's contributions to the sector's development, it introduced risk-based auditing methodology in 2014, began utilizing data analytics effectively in internal audit activities, and since 2020, has gradually transitioned to a continuous auditing methodology. These efforts have resulted in improved quality and efficiency of operations, enabling the timely detection and response to new risks. Headquartered in the United States, the Institute of Internal Auditors (IIA Global) was founded in 1941. It is an international professional organization with over 245,000 member organizations in more than 170 countries. The Institute of Internal Auditors Mongolia Chapter (IIA Mongolia) officially started operations in 2016 as the only branch of IIA Global in Mongolia, laying the foundation for Mongolian internal auditors to develop and be evaluated according to international standards. Notice: Media organizations (Television, Radio, Social media, and Websites) must cite the source (ikon.mn) when fully or partially using our information in any form.

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Cash in Circulation Issued by the Bank of Mongolia Increases by 115 Billion MNT from Last Year

Published: 2024-11-18 | Translated from: isee.mn

The National Statistical Office reported on the socio-economic indicators for the first ten months of this year. As of the first ten months, the money supply reached 42.1 trillion MNT, which is an increase of 8.4 trillion MNT compared to the same period last year. This growth was influenced by an increase in MNT deposits by 5.4 trillion MNT and an increase in MNT current accounts by 2.6 trillion MNT. Additionally, the cash in circulation issued by the Bank of Mongolia amounted to 1.2 trillion MNT as of the end of October 2024, according to preliminary performance results, which is a decrease of 38.3 billion MNT compared to the previous month and an increase of 115.6 billion MNT compared to the same period last year.

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"Tavan Chikher" JSC is Selected as a TOP-100 Company Again

Published: 2024-11-18 | Translated from: news.mn

"Tavan Chikher" JSC has once again been selected as a TOP-100 company, advancing by 11 positions from last year’s performance. This award is given by the Government of Mongolia and the Mongolian National Chamber of Commerce and Industry (MNCCI) to recognize contributions to development and progress in the food production sector. This prestigious award is for the employees of "Tavan Chikher" JSC, who produce healthy food every morning, for the consumers who consistently support national production, and for the partners who have been working with us for a long time. We express our gratitude to all.

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Diplomacy

EITOWER to Collaborate with the European Chamber of Commerce

Published: 2024-11-18 | Translated from: gogo.mn

Located at the center of the city, in front of the main post office, the international business "Eco International Tower" collaborates with the chambers of commerce of Asia, Europe, and America, offering tenants the opportunity to expand their businesses. It also unites over 100 prestigious international organizations, including Google Mongolia and Luxe TV, to conduct operations. "ECO INTERNATIONAL TOWER" TENANTS HAVE THE OPPORTUNITY TO BECOME MEMBER ORGANIZATIONS OF THE EUROPEAN CHAMBER OF COMMERCE AND INDUSTRY The European-Mongolian Joint Chamber of Commerce and Industry represents 48 European countries, opening up business opportunities for enterprises and entrepreneurs in Mongolia. With over 200 member organizations, it significantly contributes to the socio-economic development of Mongolia. Becoming a member organization of the European Chamber of Commerce and Industry offers the opportunity to attract foreign trade enterprises and investments, especially to promote the export of goods to international markets and grow one's business. REPRESENTING 48 EUROPEAN COUNTRIES AND WORKING WITH THE BUSINESS TRADE CHAMBERS OF GERMANY, FRANCE, AND GREAT BRITAIN, OUR ACTIVITIES INVOLVE OVER 200 MEMBER ORGANIZATIONS IN MONGOLIA. EITOWER – LOCATION ADVANTAGES Located at the economic and foreign relations hub of Ulaanbaatar, the Eco International Tower is in a prized area close to Sukhbaatar Square, the Government Palace, and various embassies, saving your time with its proximal location. CLOSE TO SUKHBAATAR SQUARE, GOVERNMENT PALACE, EMBASSIES, AND OTHER MAJOR INSTITUTIONS IS AN ADVANTAGE. CLOSE TO THE MAIN BUSINESS AND SERVICE CENTERS LIKE SHANGRI-LA CENTER, CENTRAL TOWER, MINISTER TOWER A UNIQUE VALUABLE LOCATION OFFERING AN UNOBSTRUCTED VIEW OF THE CITY THIS LOCATION, IN FRONT OF THE MAIN POST OFFICE, WAS ONCE HOME TO THE FIRST RESIDENTIAL BUILDING AND THE INITIAL RESIDENTS, INCLUDING THE LEADERS AND GENERALS OF THE MONGOLIAN PEOPLE'S REPUBLIC, MAKING IT A HISTORICALLY VALUABLE SITE. EITOWER: SERVICE ADVANTAGES The Eco International Tower is equipped with services to meet your comfort and needs. On the 25th floor, it hosts the luxurious IL FIORE Italian restaurant; on the 26th floor, the F CLUB; and on the first floor, the Korean chain TOM N TOMS BLACK coffee shop. It also provides convenient services with the business branch of Khan Bank. THE ITALIAN RESTAURANT IL FIORE WITH PERFECT CITY VIEWS IS IDEAL FOR BUSINESS MEETINGS. F CLUB IS IDEAL FOR CORPORATE MEETINGS, EVENTS, AND FUNCTIONS. YOU CAN COMFORTABLY RECEIVE SERVICES AT THE BUSINESS BRANCH OF KHAN BANK. TOM N TOMS BLACK IS THE PERFECT PLACE TO RELAX AND PLAN YOUR WORK. EITOWER: OFFICE ADVANTAGES Eco International Tower provides comprehensive property management services including reception, security, surveillance, cleaning, and maintenance of common areas inside and outside the building. SURROUNDED BY PARKS AND GREEN AREAS PROVIDING PLACES FOR RELAXATION A COMMON LOBBY WITH GUEST GREETING SERVICES SPECIALLY DESIGNED FOR YOU. INCLUDES 24-HOUR SECURITY AND SURVEILLANCE FOR YOUR SAFETY. OUTDOOR PARKING FACILITY AVAILABLE HEATED PARKING FACILITY. UP TO 1000 SQM OFFICE SPACE AVAILABLE FOR CUSTOMIZATION ACCORDING TO YOUR WISHES. OFFERS OFFICES WITH COMFORT AND HIGH-TECH SOLUTIONS TO HELP YOUR BUSINESS SUCCEED. INVITES BUSINESS IN A COMFORTABLE AND WELL-APPOINTED OFFICE ENVIRONMENT. EITOWER: TRADE AND SERVICE CENTERS Eco International Tower features integrated trade and service centers from the 1st to 6th floors, offering a selection of luxury items, eyewear, household goods, ready-to-wear fashion, and various branded products tailored for you. FEATURING THE FAMOUS SWISS LIFE BRAND EXCLUSIVE DANDY ATTELIER VIP TAILORING AVAILABLE. INVITING YOU TO ENJOY SERVICES AT SOUTH KOREA'S HISTOLAB BEAUTY SALON EXPERIENCE DISTINCTIVE FLAVORS AT GRAND WINE, A WINE STORE DESIGNED FOR YOU. BLOOMBERG 2022 AWARD'S "BEST BUILDING" – ECO INTERNATIONAL TOWER We also invite you to save your valuable time and join us in expanding your business and operations at "BEST BUILDING" EITOWER, located at the most perfect spot in the city. Address: In front of the Main Post Office, ECO INTERNATIONAL TOWER Facebook: Eco International Tower Website: https://www.eitower.mn/ Phone: 77116767, 99308080, 94942588

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BREAKING: Diplomatic Car from the Indian Embassy in Mongolia Involved in Traffic Accident and Fled the Scene /VIDEO/

Published: 2024-11-18 | Translated from: isee.mn

We previously reported that Major General P.V. Petrunin, the military attaché of the Russian Embassy, was involved in a traffic accident while driving a vehicle with the Russian Embassy plates around 20:20 in the vicinity of Sansar Circle, Bayanzurkh District, after consuming alcohol and engaging in inappropriate behavior in a public place. No legal consequences were imposed on him. Recently, a vehicle with diplomatic plates from the Indian Embassy in Mongolia was also involved in a traffic accident and left the scene. Specifically, a diplomatic vehicle with the plate number 1505 DK, belonging to the Embassy of the Republic of India in Mongolia, was involved in a traffic accident and subsequently fled the scene. This case is currently being investigated by legal authorities. Lately, diplomatic cars with foreign embassy plates in our country have been involved in numerous traffic accidents, indicating a disregard for our country's laws. They often wield diplomatic immunity to avoid facing any legal consequences, which is causing public discontent. Hence, relevant authorities need to pay attention to such matters.

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The Speaker of the Parliament D.Amarbayasgalan Received Ambassador Sandra Shufani

Published: 2024-11-18 | Translated from: gogo.mn

The Speaker of the Parliament of Mongolia, D. Amarbayasgalan, received the Ambassador Extraordinary and Plenipotentiary of Canada to Mongolia, Sandra Shufani, to exchange views on the relations and cooperation between the legislative bodies of the two countries. The Speaker highlighted that the bilateral relations and cooperation have been actively developing based on the common values of democracy, respect for peace and human rights, gender equality, and the shared interests of ensuring stability. He noted that significant importance is given to expanding cooperation with Canada, which is considered an important "third neighbor" of Mongolia, in all directions. A clear manifestation of this is the upgrade of the bilateral relationship to a Comprehensive Partnership last year. Ambassador Sandra Shufani emphasized her commitment to enriching Canada-Mongolia relations with trade and economic content. She noted that starting this year, under Canada's development program, the "ECO-FARM" project aimed at increasing local capacity to adapt to and overcome climate change has been launched in Mongolia. The Speaker expressed gratitude for Canada's implementation of projects and programs in the field of agriculture, an area where Canada is among the global leaders, which could make a tangible contribution to the social and economic development of Mongolia. He pointed out that legislative cooperation between the highest legislative bodies plays an important role in bilateral relations and expressed the Parliament's support for any proposals, initiatives, or policies aimed at maintaining the frequency of political dialogue, as reported by the Parliament's Press Office.

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Infrastructure

It is planned to spend $200 million to introduce a tram from Zunjin Shopping Center to Sukhbaatar Square

Published: 2024-11-18 | Translated from: ikon.mn

Within the framework of reducing congestion, it is planned to introduce a variety of high-capacity public transportation and build multi-level roads in the capital between 2024 and 2028, as introduced by the Mayor of the city, Kh. Nyambaatar. According to the information, there will be two lines of Bus Rapid Transit (BRT) in the next four years. One of these lines is planned to go from the Buyant-Ukhaa area to cross the bridge on the Yarmag road, turning back from the camel statue at 120,000. The BRT line will be 11.9 km long and will be built with foreign funding amounting to 204.6 billion MNT. As the Peace Bridge has four lanes with two-way traffic, starting a special bus lane on a narrow road will not be enough to cope with congestion. Therefore, it is planned to announce a project design tender to expand the Peace Bridge and make the entire road from the camel statue to the central square six lanes. Furthermore, light rail (LRT) and tram are considered synonymous terms. A preliminary feasibility study of the tram is being developed, with a plan to build a vertical axis line within the first quarter of 2025. This line will be 20.4 km long, with 23 stops from Zunjin Shopping Center to Sukhbaatar Square. It is planned to finance it with a budget investment and foreign loans totaling 160-220 million USD. The implementation of the tram will take three years, and the cost is ten times less than the budget of the subway. All junction points for the metro, BRT, and tram are planned to be at the central square. These types of public transport will be introduced between 2025 and 2027. Warning: Media outlets (Television, Radio, Social and Web pages) must mention their source (ikon.mn) when using our information in any form, fully or partially.

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B.Jargalan: The Capital Will Spend 824 Billion MNT on Land Clearance and Housing in the Selbe Sub-Center

Published: 2024-11-18 | Translated from: gogo.mn

The Democratic Party's parliamentary group held a meeting today where the following members provided information. Although the Democratic Party's group requested the attendance of Ulaanbaatar's Mayor Kh. Nyambaatar, he was on a business trip, so other administrative leaders were sent to the meeting. However, due to insufficient information from them, the meeting was canceled, as explained by the member of the State Great Khural Ch. Lodoisambuu at the beginning of the briefing. "NOT ISSUING NEW PLATES FOR CARS IN THE CAPITAL IS NOT A SOLUTION, BUT LAZINESS" Ch. Lodoisambuu, a member of parliament, stated: - The capital's administration was unable to provide information to the State Great Khural. Previously, the State Great Khural had issued official letters with specific demands and proposals, but no response was received. When we wished to work together on the issue of pedestrian paths, the capital's mayor claimed health reasons for his unavailability, but this turned out to be false. It is right to inform the public about this irresponsible behavior. The newly appointed deputy was sent, but when asked about past accomplishments and future plans, he couldn't provide answers. Thus, it is appropriate to say, 'Do not hinder the operations of the State Great Khural.' Member of parliament B. Jargalan: - In the past, many tragic incidents occurred where citizens died at home from carbon monoxide poisoning due to the use of refined coal. This year, the same coal will be used again, which naturally increases the sulfur gas content. Relevant officials cannot provide sufficient information on this matter. The National Council for Combating Air Pollution was dissolved in 2023. Now, actions such as placing the refined coal company Tavan Tolgoi JSC under the capital city administration indicate an avoidance of responsibility. Additionally, the increasing national budget remains a public concern. With income from mineral resources, the priority should be on reducing air pollution and focusing on public health. In the land cleared at the Selbe sub-center, the capital itself will act as the customer to build housing worth 200 billion MNT, with the tender announced this September. A higher budget than last year was allocated for the capital. The revised budget included an investment of 583.3 billion MNT for land clearance activities in the Selbe sub-center. Also, critically, the capital itself issues bonds, increasing national debt. From the funds raised, the capital itself, acting as the client, announced a tender in September to build housing worth 200 billion MNT on the cleared land in the Selbe sub-center. Why doesn't the private sector, instead of the capital, build housing? Why not auction off the cleared land to the private sector and let them build housing? The lack of satisfactory answers regarding why state money is used to do something private companies could manage remains. Therefore, a total investment of 824 billion MNT is planned for land clearance and construction in the Selbe sub-center. Yet this investment merely addresses the issue of 12,000 households, spending this enormous amount. Essentially, without addressing the core task of combating air pollution, it appears as a conflict of interest and a money laundering scheme. It is hoped that Mayor Kh. Nyambaatar will attend next week's group meeting. Member of parliament O. Tsogtgerel: - What is the rationale for attempting to start construction on the fifth power plant, which was never included in the plan? There is much to clarify, such as whether a large power facility without the involvement of the Ministry of Energy stands apart from the government. Regarding air pollution, four years ago, "Mongolians have defeated smoke" was a claim. Yet today, the smoke situation remains disastrous, indicating that the past statements were false. Therefore, the responsibility of the former government and the capital city officials needs addressing. According to Mongolia's fiscal law, the capital and provinces must submit their budgets for approval by November 5 to their respective councils. Many issues relate to the capital's budget. For example, banks financing the Booroljuut power plant purchasing the capital's bonds for their own use should be checked for compliance with the fiscal laws of the capital and local governments. Concerns regarding restrictions on license plates in the capital have divided opinion. The Minister of Justice and Internal Affairs' stance, emphasizing human rights and business freedom, seems justified. Ch. Lodoisambuu concluded by sharing personal experiences: - I have lived in several big cities around the world. Traffic jams existed, some still do. No city relieved traffic by preventing new car acquisitions. Like us, they have four seasons and cold winters. Their solutions involved making driving in city centers expensive for residents, improving and diversifying public transport. However, by not issuing new car registrations, we risk creating corruption. This tactic is not a solution but laziness. Policies have failed to get implemented effectively so far. Even sidewalks and roads remain unmaintained. Public transport must be developed while making private car use costly in order to be effective. When wanting to enter the city, alternatives should be available, open, friendly, and comfortable for all citizens.

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O.Tsogtgerel: The activities of the "Buyant" company and "Golomt" bank in implementing the Booroljuutiin power plant should be checked for legal compliance

Published: 2024-11-18 | Translated from: isee.mn

The Democratic Party faction in the State Great Khural held its regular meeting today. During this meeting, the head of the Democratic Party faction, O. Tsogtgerel, stated, "There are certain issues related to the city budget. For example, in the case of the Booroljuutiin power plant, which is currently being reported in the media, bonds were issued from the city to provide financing. The company 'Buyant', which is implementing it, and 'Golomt' bank bought these bonds and are using them for themselves. How much do these mechanisms comply with the law? Many issues related to this need clarification." Besides this, the issue of issuing series [license] plates in Ulaanbaatar has spurred social discussions. On this matter, we view the requirement issued by the Ministry of Justice and Home Affairs as somewhat reasonable. It is seen that the rights of citizens to own property and certain human rights are being restricted to some extent.

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O.Tsogtgerel: Is the Capital Building a Fifth Power Plant Separately from the Government?

Published: 2024-11-18 | Translated from: itoim.mn

The Democratic Party faction in the State Great Khural held its regular meeting and announced the issues discussed. O.Tsogtgerel, the leader of the faction and member of the State Great Khural, along with members B.Jargalan and Ch.Lodoisambu, participated in the press conference. Today's meeting covered five issues, including the progress of the "Gashuunsukhait-Ganqmod" border station railway connectivity project, measures being taken to combat air pollution in Ulaanbaatar city, the election of Ch.Lodoisambu as the third deputy leader of the faction, and the preparations for the 100th anniversary celebration of the first constitution. O.Tsogtgerel, the leader of the Democratic Party faction in the State Great Khural, said: "The issue of the 'Gashuunsukhait-Ganqmod' border station has been a hot political topic for over ten years. Mongolia has become a country highly dependent on mining. The coal border connection through 'Gashuunsukhait-Ganqmod' is very important. Four years ago, the then-government claimed to have solved the air pollution issue. However, today the pollution has reached a state of disaster. There are plans to build a Fifth Power Plant in the capital. The Government's action program approved in August did not mention the Fifth Power Plant. So is the capital going to build a Fifth Power Plant separately from the government? Is it legally and financially feasible? How can a large energy facility be established without the involvement of the Ministry of Energy? These questions arise. Member of State Great Khural, B.Jargalan: The capital is issuing bonds and increasing the national debt. Land is being cleared at the Selbe sub-center and tenders were announced in September for a 240 billion MNT residential project ordered by the capital. The capital is moving towards building housing. Is it not usually the private sector that builds housing? Why isn't the cleared land auctioned or somehow transferred to the private sector? Why is the state doing tasks that the private sector should be doing? The capital cannot answer this. It was decided to invest a total of 824 billion MNT for land clearance and construction tenders at the Selbe sub-center. However, this addresses only a small issue of 12,000 households.

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The Ruling Party's Faction: The Cross-Border Railway Project Should Be Discussed by Parliament

Published: 2024-11-18 | Translated from: news.mn

The regular meeting of the MPP (Mongolian People's Party) faction in the State Great Khural (Parliament) started today at 3 PM. During the meeting, Prime Minister L. Oyun-Erdene participated and provided an introduction and information regarding the progress of the "Gashuun Sukhait-Gants Mod" cross-border railway project. During his visit to China, he reached an agreement to discuss and resolve this issue as quickly as possible. There is a pressing need for Mongolia to activate cooperation with China, establish a stable legal environment, connect the cross-border railway, subsequently conclude long-term coal trade agreements, and increase mining capacity. Therefore, the MPP faction in the State Great Khural supported this issue in principle and considered it appropriate for the government to conduct negotiations with relevant organizations and have the matter discussed by the State Great Khural.

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Ensuring Private Sector Participation in Road Maintenance Projects

Published: 2024-11-18 | Translated from: news.mn

In our country, there are 20 state-owned companies operating in the field of road maintenance and repair. Each company has an average of 33-35 employees. Each company has its own director and management team. Nationwide, they are responsible for the maintenance and repair of 14,876 km of international standard roads and 7,392 km of paved roads. However, there has been uncertainty about who is responsible for which road in which province, leading to a governance crisis. As an example, despite the low productivity, the boards of these 20 companies, consisting of 8 boards with 72 members, receive over 600 million tugriks annually in bonuses. In contrast, the professional technical staff who carry out the work receive a monthly salary of 1 to 1.5 million tugriks. Therefore, as part of the government-owned company reform, the government has directed the consolidation of these 20 companies into a single entity called the "Road Maintenance and Repairs Union" SOE, with unified leadership and integrated policy. By merging, the goal is to create a structure that aligns with regional development policies, properly allocate resources, and manage operations. Instead of competing with the private sector and participating in tenders, it will be responsible for international and national standard roads. This will enhance the social security and salaries of employees, improving performance. All routine costs and maintenance work will be transferred to private sector involvement, with participation reaching 70% within 2 years. This will improve governance and increase productivity.

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Projects that catalyzed the development of Darkhan-Uul and Selenge provinces

Published: 2024-11-18 | Translated from: unuudur.mn

We reviewed the outcomes of five projects implemented in Darkhan-Uul and Selenge aimags with financing from the Asian Development Bank. With the support and financing of this organization, a central wastewater treatment plant was constructed in Darkhan-Uul aimag, and the road from Ulaanbaatar to Darkhan-Uul was expanded to four lanes. Cracks on the road were welded, and potholes were filled. Additionally, it was highlighted that the organization is working to install a device in Mongolia for the first time that allows weighing vehicles while they are in motion. In Selenge aimag, issues related to the supply and safety of blood and blood products at the General Hospital, as well as medical waste management, were fully resolved. Furthermore, the Microbiology Laboratory and the sterilization unit were fully equipped with modern equipment. Assistance in the form of non-repayable grants was provided, and support was given to those interested in vegetable farming to form cooperatives. Additionally, a temporary shelter for victims of domestic violence was established. Regarding the significance and budget of the five projects implemented in Darkhan-Uul and Selenge aimags, Shannon Cowlin, the Resident Representative of the Asian Development Bank in Mongolia, stated, "The Asian Development Bank has provided financial support for many projects in Selenge and Darkhan-Uul aimags. The road from Ulaanbaatar to Darkhan-Uul is part of this. Moreover, a Development Center for Persons with Disabilities and a school with 960 seats were put into operation in Darkhan-Uul aimag. A temporary shelter for victims of domestic violence was established in Selenge aimag, and a certain amount of investment was made in the General Hospital. A total of seven projects were implemented with funding of 300 million USD. Additionally, a grant of 11.5 million USD was provided. There is a special fund managed by the Asian Development Bank and financed by the Government of Japan. Within its framework, the project aimed at improving household livelihoods through cooperative vegetable farming and constructing temporary shelters for domestic violence victims was financed with non-repayable aid." Currently, Darkhan-Uul aimag is purifying 800-900 cubic meters of wastewater daily with the help of the central treatment plant. Furthermore, the organization plans to launch a sludge recycling plant next year to produce biogas. Yu. Erdenezhargal, an engineer at the Policy and Planning Department of the "Darkhan Water Supply and Sewerage" company, stated, "By launching the sludge recycling and biogas production plant, we can prevent waste from the treatment plant from polluting the environment and completely eliminate unpleasant odors. Additionally, we can utilize the biogas produced from the sludge for the treatment plant operations." The former central treatment plant in Darkhan-Uul aimag had a capacity to purify 50,000 cubic meters of wastewater per day. However, this was excessively high for the area's population of over 106,000, so it was never used at full capacity. The equipment was also outdated and insufficient in terms of technology. Therefore, the central treatment plant was upgraded and put into operation with concessional loans from the Asian Development Bank. The organization emphasized that public participation is essential to maintain the equipment over the long term without deterioration or damage because the wastewater passing through the treatment plant contains excessive waste. Additionally, a significant project financed with non-repayable aid from the Asian Development Bank is to fight domestic violence against children and women. A total of 4.24 million USD was provided, with four million USD from the Japan Fund for a Prosperous and Resilient Asia and the Pacific and the remaining 0.24 million USD from the Government of Mongolia in non-cash form. Under this project, five temporary shelters for victims were built. Moreover, 150 women survivors of this violence received vocational training and livelihood equipment through the "Women's Economic Empowerment" program. In conclusion, the projects implemented in Darkhan-Uul and Selenge aimags with the support of the Asian Development Bank have greatly contributed to the regions' development. They address vital needs such as infrastructure, health services, and social protection, improving the quality of life for residents.

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After the State Finishes Building the Railway, Resources Will Be Concentrated

Published: 2024-11-18 | Translated from: news.mn

Member of Parliament Kh.Battulga spoke at the Democratic Party's caucus meeting. The Prime Minister, L.Oyun-Erdene, attended the meeting and introduced the cross-border railway construction project between Gashuunsukhait and Ganqmod. During this meeting, Kh.Battulga stated, "I wanted to discuss two issues. The Prime Minister is also present. It seems that the law concerning the wealth fund has been passed. Now, the wealth must be extracted very clearly to accumulate in this fund. The current disorderly resource extraction is not being accumulated in this fund. Therefore, the railway policy approved in 2010 still exists. Once the state completes the construction of the railway, resources will be concentrated in a very organized and clearly documented manner. These documents have been issued. Ts.Tuvaan, when he was Deputy Minister, himself worked on these projects. The government has spent a lot of money, conducting research, and there is the Altanshireet Industrial Eco-Park Project by a U.S. company. Receive your very expensive documents. Ts.Tuvaan, Prime Minister, B.Delgersaikhan. Draw the railway route Hoet-Bichigt-Erdenetsagaan. New tenders are being announced without knowing about it. How will we process mining resources? The feasibility study and research for the steel and copper industries have been completed. When D.Sumiyabazar was Minister, a vehicle delivered research materials. The materials are ready. I met with Minister L.Gantomor and informed him that the railway design has been completed. When J.Batsuuri was the Governor of the province, he visited the Bichigt border and did preliminary planning. Update this once. They are talking about building a copper smelting plant in Erdenet city. This is a wrong location choice. If you turn the Oyu Tolgoi concentrate into a copper smelting plant, the infrastructure to transport Erdenet's concentrate to Altanshireet Park, and Oyu Tolgoi's to Altanshireet Park, has been built. Now the water issue is being discussed. Preliminary research has been completed.

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DARKHAN-UUL: Discussed the Secondary Energy Source

Published: 2024-11-18 | Translated from: montsame.mn

A working group led by B. Yeren-Ulzii, the head of the Policy Planning Department of the Ministry of Energy, visited Darkhan-Uul province and met with the leaders of the energy and infrastructure sectors. The aim of the meeting was to exchange views on secondary energy sources and how to ensure reliable energy supply in the future. For instance, as Darkhan city plays a crucial role in decreasing the centralization of Ulaanbaatar, it is becoming the second largest urban area. Major residential districts have begun construction under city planning, and the number of people moving in is leading the nation, which is a major factor in increasing the current energy consumption. Furthermore, according to B. Khureltogoo, chief engineer of Darkhan’s thermal network JSC, the thermal supply system has significantly increased over the last years, and heat consumption is growing each year. On the other hand, an inspection by the state revealed that a phased replacement of the turbine generators used in the production of electric energy at Darkhan's heat and power plant is necessary to reliably and continuously supply consumers with energy that meets standard requirements. The currently used turbine generators 1, 2, 3, and 4 have been operating 271,687 to 345,011 hours, far exceeding their expected operational lifespan of 120,000 hours and entering a state of excessive wear and tear. Therefore, they must be replaced with turbine generators of equal capacity between 2027 and 2034, according to representatives of Darkhan’s Thermal Power Plant Joint Stock Company present at the meeting. Since Darkhan city has only one centralized heating source, it faces the inevitable need to construct a secondary source to meet growing demand, emphasized the representatives of the energy and infrastructure sectors. Consequently, the parties agreed to discuss how to meet Darkhan's energy supply needs in the short and medium term, what policy and planning to adopt, and whether to build a second source, while also considering the economic benefits for the future and implementing the policy planning, with professional guidance and advice, through collaboration.

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Transport Sector Conference Held

Published: 2024-11-18 | Translated from: unuudur.mn

According to the "Greater Tumen Initiative" program, the 13th meeting of the Transport Council was held today in the "Zuvshiltsöl" hall of the Ministry of Foreign Affairs. Representatives from the transport sectors of Mongolia, China, Russia, and South Korea exchanged information and shared their experiences and knowledge on expanding and developing cooperation. They also discussed directions for joint work in the transport sector for the coming years. The "Greater Tumen Initiative" program, or GTI, was established in 1995 with the support of the United Nations Development Programme as an intergovernmental cooperation mechanism. It aims to contribute to peace, stability, and economic development in the Northeast Asian region by serving as a foundation for economic cooperation among Mongolia, China, Russia, and South Korea. The program specifically establishes the priority areas of cooperation among member countries. The Transport Council was created during the "10th meeting of the Advisory Committee" held in Ulaanbaatar in 2009. The council's goal is to develop transportation cooperation and improve regulations in Northeast Asia. Its objectives include establishing a regional integrated transport network by opening and developing transportation corridors, increasing regional connectivity through transport networks, and increasing freight flows in Northeast Asia. The inaugural meeting of the Transport Council was held in South Korea, and it was agreed that each participating country would organize and chair the meeting annually in alphabetical order. The Transport Council's 5th meeting in 2015 focused on "Developing Sea-Land Combined Transport in the Greater Tumen Region", and the 9th meeting in 2019 was held in Mongolia with the theme "Transport Corridors: Challenges and Opportunities in Northeast Asia." The 13th meeting in 2024 is now being organized. The "Greater Tumen Initiative" annually updates and approves a realistic action plan for establishing a regional integrated transport network and introducing cost-effective transport services as part of its regional transport strategy. The 2023 meeting took place in China, with approximately 30 representatives from member countries and other partner organizations participating. The strategic action plan for 2023-2024 includes plans from Mongolia to rehabilitate the Choibalsan-Ereentsav railway, develop the Ulaanbaatar-Öndörkhaan-Baruun-Urt-Bichigt road, and the Sainshand-Baruun-Urt-Khööt-Bichigt railway, as well as to export coal from Eastern Mongolia to the Northeast Asian market. This 13th meeting of the Transport Council consisted of 3 main sections: "Progress in the Transport Sector of the Greater Tumen Initiative", "Results and Recommendations of the 4th Seminar on Transport Issues by the Asia-Pacific Economic and Social Commission", and "Proposals for Projects and Measures to be Implemented in 2024-2025." The member countries discussed completed works in the transport sector, and the progress of current projects and initiatives was presented.

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Tender for Tuul Highway to be Announced in December

Published: 2024-11-18 | Translated from: unuudur.mn

The Mayor of Ulaanbaatar, H. Nyambaatar, provided the public with open information about the development projects to be undertaken in the coming years as part of the "20-Minute City" concept. As part of efforts to reduce traffic congestion, it is planned to build the city's first highway between 2024 and 2028. Specifically, a tender for a four-lane highway with a total length of 33 km, using a box girder construction, will be announced by December. On this matter, Mayor H. Nyambaatar stated, "Over the past 30 days, we have prepared the engineering groundwork. Specifically, it is intended to use materials from local companies for this road's construction. In this context, we have met with representatives of companies involved in the construction, road, cement, and reinforcement steel industries. A timeframe of 24-30 months has been set forth to complete the highway. If the highway is completed within this period, combined with other connecting roads, it could potentially reduce the traffic load across the east-west direction of Ulaanbaatar by an estimated 38.6% based on current car numbers."

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The first route of the aerial transport will be operational next year

Published: 2024-11-18 | Translated from: itoim.mn

The Governor of the Capital City and Mayor of Ulaanbaatar, H. Nyambaatar, provided public information about the construction projects planned for the coming years within the framework of the "20-minute city" plan. Specifically, from 2024 to 2028, phased construction of two-level roads will be carried out in the capital to reduce congestion. The tender for consulting services to establish a two-level ring highway without traffic lights to ease inner-city traffic congestion will close on November 25. The feasibility study will be fully developed by 2025. Regarding this, Mayor H. Nyambaatar stated, "The consulting team for the ring highway will decide on the route and complete the first ring road of Ulaanbaatar with minimal land acquisition by 2025. The financing for this new ring road will be formed from tolls and other road fund collections after the Tuul speedway is put into operation." Additionally, the tender for the new bridge work to connect the Tuul speedway with the aviation thoroughfare will be announced next year, and the work will commence. In other words, the six-lane bridge with vertical alignment over Naadam Street, also known as the Yarmag Road, will connect to the First District and extend south to join the aviation speedway. Moreover, although the issue of land acquisition for the Yarmag-Kharhorin aerial cable car route has been resolved, the progress is slow due to the contracting company. However, since 90,000 vehicles travel the Yarmag Road during peak traffic, the initial work on the "Yarmag-Kharhorin" route will be completed within the next year. Furthermore, the continuation of the second route, "National Park-Shangri-La Center," will be determined by a survey of city residents.

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Society

URGENT: Foreign Citizen Wanted in Mongolia Arrested and Deported

Published: 2024-11-18 | Translated from: isee.mn

A citizen of the People's Republic of China, Bao V, who was being sought in Mongolia, was arrested by officers from the General Authority for Citizenship and Immigration of Mongolia and the General Police Department, and deported. His right to return to Mongolia was revoked according to the Law on the Legal Status of Foreign Citizens. He had been previously convicted of multiple criminal offenses in his home country, committed another crime, and fled to Mongolia, where he obtained residency permission using forged documents.

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B. ENKHBOLD: Torture Occurs in Environments Without Proper Understanding and Attitude Towards Human Rights

Published: 2024-11-18 | Translated from: unuudur.mn

The parliamentary oversight hearing on torture is scheduled to take place the day after tomorrow. In connection with this, we spoke with B. Enkhbold, a member of the National Human Rights Commission (NHRC), doctor, and associate professor, about the issues of torture and inhumane treatment. The interview should probably begin with the concept of torture. There is talk that torture is occurring in military units, detention centers, and even in virtual environments. The term "torture" is defined in Article 1 of the Convention Against Torture. In the simplest understanding, it involves forcing someone to confess to a crime, extracting evidence through self-incrimination, making them admit their guilt, and using it against them to impose punishment or responsibility. The concept of forced confession can manifest through various means and actions. For example, invading personal freedom, causing physical and mental suffering, prolonged detention with deprivation of freedom, holding them in poor conditions, applying penalties, or setting various conditions. Even if there is no purpose of obtaining a confession and it is not related to any criminal offense, inhumane treatment or insulting someone's dignity (disciplinary measures) can occur in places where individuals cannot freely leave, such as military units and prisons. This is also protected under the convention against torture. Therefore, legal concepts such as “torture,” “inhumane treatment,” and “degrading someone's dignity” deserve a detailed review. According to the Criminal Law of our country, these actions are criminalized. HARASSMENT IN THE VIRTUAL ENVIRONMENT OF A PERSON SUSPECTED OF A CRIME IS A FORM OF TORTURE. Can you provide information about the issue of torture in the virtual environment? The concept of torture is now being explained and applied with a deeper meaning in modern times. In the past, the most brutal and unimaginable methods were used to force confessions, but nowadays, this approach is changing. There is a justification for considering the act of intentionally spreading media about a crime suspect online to influence their psyche, apply pressure, and make them seem guilty to the public, causing mental suffering, as a form of torture. Complaints and information with such content have been received by the commission recently. How prevalent is torture and degrading treatment, aimed at humiliating someone, in Mongolia? The NHRC receives an average of 45-65 complaints and reports related to torture annually. For instance, in 2023, there were 60 and in the first 11 months of 2024, there have been 45. Between 2016 and 2023, the courts have resolved 14 cases of this nature. According to statistics from the Prosecutor's office, around 80 such complaints are registered each year. However, only two were resolved by the courts. This is relatively low. There are many hidden, dismissed, or misunderstood cases of being subjected to torture. Considering all of these, a different perspective might emerge. The NHRC's reports, the UN's Committee Against Torture, its subcommittees, and working groups have all concluded that forms of torture are present in Mongolia. What is your response to this? Reports by the NHRC, conclusions of the UN's Committee Against Torture and its subcommittees, and the findings of UN working groups that visited our country have concluded that forms of torture persist in Mongolia. Following the recommendations provided by these human rights protection mechanisms, the Mongolian Government undertakes specific measures and reports on its progress. Despite improvements related to this, more effort is required. The government's third report on the implementation of the Convention Against Torture and Other Cruel, Inhuman or Degrading Treatment or Punishment was discussed by the UN's Committee Against Torture at its 81st session. The session took place in Geneva, Switzerland, on November 11-13. Besides you, commission member Ya. Tselmen participated in this session. How was Mongolia's report evaluated? Mongolia submits reports to the UN periodically on how it is fulfilling its obligations under this treaty. This time, the report submitted in 2020 was discussed, and responses were provided to specific questions by the special rapporteurs. Recommendations are given after discussions on progress and future issues of importance. This time, the session covered topics like results of legal reforms for preventing torture, necessary funding, human resources issues, investigating torture-related crimes, training for prison personnel, providing protection and compensation to victims of torture, and implementation of UN's basic principles for prisoner treatment. Despite improvements, challenges remain. How can we address the hounding and derogatory treatment towards torture victims to encourage resolution at the civil level? Are there examples of such cases being brought to the UN? Under Article 22 of the Convention Against Torture, an individual can file complaints related to torture once the state has declared its acceptance of the committee’s jurisdiction over such claims. Mongolia has not yet made such a declaration, so the UN cannot directly accept complaints from Mongolian citizens. This means no cases have been referred from Mongolia. During discussions in Geneva, we exchanged information with the head of the Individual Complaints Unit of the Committee Against Torture from the UN High Commissioner for Human Rights. Even if Mongolia declares acceptance, the committee requires that the complaint not be considered by any other international body and have exhausted all national legal avenues. Policies to protect victims should be improved. Violations of human rights and torture in detention centers are often discussed. What is the current situation in these facilities? The conditions at detention centers should be improved step by step to conform with the UN's basic principles for the treatment of prisoners. Issues about visitation rights, food, medical services, environment, and sanitation facilities must be aligned with standards. There are financial concerns related to medical services, including funding for medicines, staffing, and budget allocations. In several provinces, the conditions of detention facilities require improvement and new facilities need to be built. The NHRC has previously addressed these needs to relevant authorities. Investments have increased, which is promising. Are there improvement actions for detainees' psychological health? Yes, detention facilities should ensure psychological readiness and remedial actions for staff working under stressful and mentally challenging conditions. This approach needs dedicated funding and resources. How do you see the impact of the hearing on preventing torture and protecting human rights in Mongolia? The oversight hearing set for the 20th of this month under the Parliamentary Control Act on human rights and freedoms indicates positive prospects. We anticipate that comprehensive policies for maintaining victims' rights and addressing long-standing issues will arise, along with a focus on education and environmental improvements to prevent degrading treatment.

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This Week in Mongolia

Published: 2024-11-18 | Translated from: montsame.mn

Overview of events taking place from November 18-24, 2024 in Ulaanbaatar: - November 18: The parliamentary factions in the Great State Khural (Parliament) will hold meetings. - November 18 at 11:00 AM: The National Statistics Office will present the statistics for October. - November 19-20: Standing committee meetings of the Parliament will take place. - November 19: The Mongolian National Chamber of Commerce and Industry, Asian Development Bank, and World Bank will jointly organize a "Business Opportunities Meeting-Seminar." - November 20: A regular government meeting will be held at the State Palace. - November 20: The Parliament will hold a public hearing on "Human Rights Implementation Free from Torture, Inhuman or Degrading Treatment." - November 20 at 3:00 PM: In cooperation with the U.S. Embassy in Mongolia, a meeting on student visas will be held at the "American Corner Mongolia" center in observance of International Education Week. - November 20: A cybersecurity training session for journalists will be organized. - November 20-21: The International Trade Centre will organize training on "Branding and Digital Marketing." - November 21 at 6:00 PM: A concert titled "From the Eastern Gobi where Mongolia Begins," featuring songs inspired by Dornogovi's poets, will take place at the Cultural Center Palace. - November 21-22: A plenary session of the Great State Khural will be held. In the provinces: - A capacity-building training for the Khovd aimag Citizen's Representative Khural representatives will be held on November 18. - Within the "Cultural Month" framework, training sessions on "Mongolian Dance" will take place in Uliastai sum of Zavkhan aimag from November 20-25. - The "Thousand Steppe Horses" festival will commence in Chinggis City, Khentii aimag on November 21 and will continue for three days. - A collaborative performance titled "Migration of the Four Seasons" by artists from the Music and Drama Theatres of Bayankhongor, Khovd, Zavkhan, and Uvs aimags will be held in Ulgii city on November 22. - The "Color and Melody" joint exhibition by artists of the Zavkhan branch of the Union of Mongolian Artists will take place from November 23-30. - A "Horsehead Fiddle" concert will be held in Uliastai sum of Zavkhan aimag on November 25, featuring the top 20 works for the horsehead fiddle by Mongolian and international composers. - An academic conference "Mongolian Women - 100 Years" will be held in Dundgovi aimag on November 25. A special exhibition dedicated to the 75th anniversary of diplomatic relations between Mongolia and the People's Republic of China will be displayed at the National History Museum until November 30.

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URGENT: Fire at Warehouse in Front of "Sunjin Grand" Hotel Causes Casualty and Injury

Published: 2024-11-18 | Translated from: isee.mn

A tragic incident occurred when a fire broke out in the warehouse located in front of the "Sunjin Grand" hotel, resulting in one person losing their life and another individual being burned. Specifically, in the 13th microdistrict of Bayanzurkh district, a fire broke out yesterday evening, around 10 PM, in the warehouse in front of the "Sunjin Grand" hotel. Due to the fire, one person passed away, and another person was burned and received medical assistance. Currently, professional agencies are working to determine the cause and circumstances of the fire. We will provide further information regarding this fire incident as it becomes available.

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Environment

B.Jargalan: We Need to Pressure City Officials on Preventing Dangers of Improved Fuel

Published: 2024-11-18 | Translated from: isee.mn

The Democratic Party caucus in the State Great Khural held its regular meeting today. During this meeting, Prime Minister L. Oyun-Erdene provided information about the progress of the "Gashuun Sukhait-Gants Mod" cross-border railway negotiations. At this time, State Great Khural member B. Jargalan stated, "It's necessary to pressure city officials to address the dangers of improved fuel and how to prevent them. We must explore opportunities to become smog-free within these four years."

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Innovation

Will Ensure Organizations Holding Critical Information Have Cybersecurity Experts

Published: 2024-11-18 | Translated from: unuudur.mn

Minister of Digital Development, Innovation, and Communication Ts. Baatarkhuu provided information regarding the cyber attack on "Intermed" Hospital's digital database and on measures to protect against cyber threats and tackle such crimes. He stated, "In last Friday's government meeting, issues related to cyber attacks were discussed and several decisions were made. The case of 'Intermed' Hospital demonstrates the urgent need to establish a system to ensure the cybersecurity of institutions with critical information infrastructure nationwide. Internationally, efforts are focused on creating a system to prevent such risks rather than blaming the affected organizations. Our country is ranked 103rd out of 193 in terms of cybersecurity index, which is why we have started working with Oxford University to determine Mongolia's cybersecurity risk level. Furthermore, a government decision was made for organizations holding critical information to have cybersecurity experts. In future state budget approvals, cybersecurity expenses will be specifically included beyond the general IT budget to enable technological upgrades and the use of officially licensed software," he said. The National Human Rights Commission (NHRC) also released a statement regarding the "Intermed" Hospital case. The statement asserted, "The confidentiality and security of personal information are components of the right to freedom and inviolability. Everyone has the right to conceal, protect, know how their personal information is used, and request its deletion. Protecting personal information is the responsibility not only of the information owner and the organization in charge but also of the public. We appeal to journalists, citizens, and the public to not expose personal information when expressing opinions or publishing about the cyber attack on 'Intermed' Hospital's digital network, and to respect human rights. Collaborative inspection and risk mitigation efforts are being conducted by the NHRC and the Ministry of Digital Development, Innovation, and Communication, following the cyber attack on the hospital's digital network and the potential loss of sensitive information. We advise individuals whose personal information may have been compromised, including 'Intermed' Hospital clients, to change passwords containing health and financial information, not to check suspicious emails or open links, and to urgently contact the NHRC if they receive warnings, notifications, or emails."

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Health

Hospitalization if symptoms of respiratory failure appear

Published: 2024-11-18 | Translated from: itoim.mn

The Ministry of Health provided information on the current situation and measures regarding influenza and influenza-like illnesses. In the capital city, the level of spread of influenza and influenza-like illnesses is at an active level as of the 45th week. Specifically, out of 125,882 outpatient examinations conducted across the capital, 7,869 cases were diagnosed. This means that 6.3% of all examinations are accounted for by influenza and influenza-like illnesses, an increase of 1.2% from the previous week's average. The city's emergency services center received 10,580 calls in the past week, with 13.4% related to influenza and influenza-like illnesses. The Head of the Medical Assistance Department of the city's Health Office, B. Battsog, stated: "Related to the rising spread of influenza, the city's Health Office is taking the following measures. For instance, we have divided the six central districts of Ulaanbaatar into 22 zones and have extended the operating hours of ambulatory or Family Health Centers in each zone. The working hours are extended until 20:00 on weekdays and from 10:00 to 17:00 on weekends. A total of 1,123 beds have been deployed across the city." The Head of the Respiratory Pathology Department at the Maternal and Child Health Research Center, B. Ariunkhishig, noted: "Currently, Rhino, Adeno, and Sensace viruses are more prevalent. As a result, young children, especially those aged 0-2 years, are getting sick more often. The common cold can be managed under the supervision of a family doctor. Key symptoms include high fever, reduced appetite, crying, and a need to be constantly held. Main signs indicating progression to pneumonia include rapid breathing, fever, coughing, and chest retraction. Chest retraction is when the area beneath the ribs pulls inward during breathing. Rapid breathing is seen as shortness of breath. Count breaths per full minute. If a child aged 0-2 months breathes 60 breaths per minute or more, it is considered rapid breathing. For children aged 2 months to 1 year, 50 breaths per minute or more is considered rapid breathing. If these symptoms appear, immediately consult a nearby or family clinic. Pneumonia can be treated by a family doctor seen every three days. However, if symptoms of respiratory failure appear, hospitalization is required. "In our department, more children under the age of 2 are hospitalized. However, this year many adolescents and school-aged children are also hospitalized, indicating that attention should also be given to children of this age." To prevent influenza and influenza-like illnesses, it is important to adhere closely to infection prevention and control measures.

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Today's Stories

Politics

Economy

Diplomacy

Infrastructure

Society

Environment

Innovation

Health

Politics

The Capital is Trying to Launder 824 Billion Under the Pretense of Building Residential Housing

The Democratic Party Caucus: Discussing the Gashuunsukhait-Gantsmod Port Issue

The Deadline for President Khurelsukh to Veto the 2025 Budget Proposal Ends This Week

Will Constitutional Provisions for Electing the President Be Changed?

Policy to Encourage Responsible Taxpayers Will Be Introduced

URGENT: L.Oyun-Erdene Attends Democratic Party Meeting, Discusses Connecting Gashuunsukhait Port by Railway

The Prime Minister Provides Information on Railway Issues at the Democratic Party Caucus Meeting

Deputy Prime Minister S. Amarsaikhan's New Appointments

Economy

China Accounts for the Majority of Foreign Trade Turnover

Asian Development Bank Approves $100 Million Loan

To Stockpile or Sell our Coal?

The average exchange rate of the tugrik against the dollar is 3392 tugriks

Real Estate, Land, and License Auction to Start at 50% Discount

Public Auction of Real Estate, Land, and Mineral Licenses to Start at 50% of Market Price

NSO: Foreign Trade and State Budget Surplus Reported

Moody's Agency Rates Mongolia's Credit Rating as 'B2, Stable'

Moody's Agency Rates Mongolia's Credit Rating as "B2 Stable"

Coal Export Reaches 68.6 Million Tons

Trade and Development Bank to Organize Financial Support Program for Small and Medium Enterprises

TDB to Provide Financial Support to Small and Medium Enterprises

The amount of non-performing loans of citizens reached 567.8 billion MNT

Featured Business: ITC Tower, the Business Center of the Capital City

KhasBank Wins "Best of the Year" at the Internal Audit Forum Organized by the IIA Mongolia Chapter

Cash in Circulation Issued by the Bank of Mongolia Increases by 115 Billion MNT from Last Year

"Tavan Chikher" JSC is Selected as a TOP-100 Company Again

Diplomacy

EITOWER to Collaborate with the European Chamber of Commerce

BREAKING: Diplomatic Car from the Indian Embassy in Mongolia Involved in Traffic Accident and Fled the Scene /VIDEO/

The Speaker of the Parliament D.Amarbayasgalan Received Ambassador Sandra Shufani

Infrastructure

It is planned to spend $200 million to introduce a tram from Zunjin Shopping Center to Sukhbaatar Square

B.Jargalan: The Capital Will Spend 824 Billion MNT on Land Clearance and Housing in the Selbe Sub-Center

O.Tsogtgerel: The activities of the "Buyant" company and "Golomt" bank in implementing the Booroljuutiin power plant should be checked for legal compliance

O.Tsogtgerel: Is the Capital Building a Fifth Power Plant Separately from the Government?

The Ruling Party's Faction: The Cross-Border Railway Project Should Be Discussed by Parliament

Ensuring Private Sector Participation in Road Maintenance Projects

Projects that catalyzed the development of Darkhan-Uul and Selenge provinces

After the State Finishes Building the Railway, Resources Will Be Concentrated

DARKHAN-UUL: Discussed the Secondary Energy Source

Transport Sector Conference Held

Tender for Tuul Highway to be Announced in December

The first route of the aerial transport will be operational next year

Society

URGENT: Foreign Citizen Wanted in Mongolia Arrested and Deported

B. ENKHBOLD: Torture Occurs in Environments Without Proper Understanding and Attitude Towards Human Rights

This Week in Mongolia

URGENT: Fire at Warehouse in Front of "Sunjin Grand" Hotel Causes Casualty and Injury

Environment

B.Jargalan: We Need to Pressure City Officials on Preventing Dangers of Improved Fuel

Innovation

Will Ensure Organizations Holding Critical Information Have Cybersecurity Experts

Health

Hospitalization if symptoms of respiratory failure appear

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