NEWS - Economical
All the latest news and analysis from Mongolia concerning its economy and economical development.
Mongolia’s Challenges Need Careful Consideration
Posted: May 17, 2012 on: business, Economical, InternationalMongolia has a potentially great future ahead of it. I am sure you have all heard that before.
Mongolia Growth Group Ltd. Agrees to Sell Shares of Mandal General Insurance to UMC Capital
Posted: May 17, 2012 on: business, Economical, MiningMGG is pleased to announce that it has agreed to and signed a binding term sheet agreeing to sell shares of Mandal General Insurance (MGI) to UMC Capital, the operators of MGI, at a purchase price equivalent to MGG's original funding cost in June of 2011.
Chalco Targeted as Mongolia Seeks to Limit State Deals
Posted: May 17, 2012 on: business, Economical, MiningMongolia, the commodity-rich nation that posted the world’s fastest economic growth in 2011, is on course to pass a law by June that will bar foreign state-owned companies from controlling its key assets.
Economic sector indicators by April 2012
Posted: May 15, 2012 on: EconomicalIn the first 4 months of 2012, at national level natural losses of adult animals down by 167.1 thous.heads or 46.2 percent to 194.8 thous.heads compared to same period of the previous year
SouthGobi posts profit, says Mongolia mines open
Posted: May 15, 2012 on: Economical, MiningSouthGobi Resources, a coal miner with operations in Mongolia, reported a first-quarter profit on Monday, as its sales nearly doubled and its average selling price rose.
Tax revenue from Mongolia’s mining: US$330 per Mongolian
Posted: May 11, 2012 on: Economical, General, MiningWith a population of 2.8 million people, Mongolia collected US$330 per person from its oil and mining resources, shows the country’s 2010 EITI report that was released on Tuesday 8 May.
GENERAL GOVERNMENT BUDGET AMOUNTED TO 1,465.8 BILLION TOGROG
Posted: May 11, 2012 on: Economical, PoliticalIn the first 4 months of 2012, total equilibrated revenue and grants of the General Government Budget amounted to 1,465.8 billion togrog and total expenditure and net lending amounted to 1,513.8 billion togrog, representing deficit of 48.0 billion togrog in the equilibrated balance of General Government Budget.
GROSS DOMESTIC PRODUCT GOES UP
Posted: May 11, 2012 on: EconomicalThe Gross Domestic Product (GDP) in term of the national production reached MNT 2,277.4 billion at a current price
Xanadu Mines works to consolidate copper and gold portfolio with Mongolian acquisition
Posted: May 10, 2012 on: business, Economical, MiningXanadu Mines (ASX: XAM) will add the prospective Oyut Ulaan copper-gold project in the South Gobi region of Mongolia to its exploration portfolio with the proposed acquisition of Temujin Mining Corporation’s wholly owned subsidiary Vantage LLC.
Mongolia May Drop Foreign Owners' Cap in Mining
Posted: May 10, 2012 on: business, Economical, MiningThe Mongolian government is set to soften a proposed foreign investment law, which seeks to impose a 49 percent cap on foreign ownership in 'strategic' assets including the country's booming mining sector, industry executives told CNBC.
9 Lessons on Power and Leadership from Genghis Khan
Posted: May 8, 2012 on: business, Economical, GeneralOn one end of the leadership spectrum, there is Machiavelli–conniving, ambitious and ruthless.
Mongolia: shuffling against the shoulders of giants
Posted: May 7, 2012 on: EconomicalThe National Bureau of Asian Research (NBR), a leading source of research on Asia in USA, has conducted an interview with an expert on Mongolian and other Asian economies’ foreign relations, Alan Wachman.
SALARY RATIO APPROVED TO ABOLISH DIFFERENCE IN PENSIONS
Posted: May 7, 2012 on: EconomicalThe cabinet made on Wednesday a decision to implement the 2nd phase-measure of pension rise together with modernizing of the salary ratio in order to abolish a difference in pensions.
Mongolia eyes new foreign investment law
Posted: May 2, 2012 on: business, Economical, InternationalHigh quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/e4b9db98-945c-11e1-bb0d-00144feab49a.html#ixzz1tkw6BPAW Mongolia’s parliament is considering a new law that could dramatically curtail foreign investment across the country, restricting foreign ownership to 49 per cent or less in wide swathes of the economy.
MONGOLIA-AUSTRIA BUSINESS FORUM APPROACHING
Posted: May 1, 2012 on: business, EconomicalThe Mongolia-Austria business forum will run on May 18 in Mongolia's National Chamber of Commerce and Industry (MNCCI) in Ulaanbaatar.
Swedish fund FMG targets Mongolia consumers, Iraq
Posted: April 30, 2012 on: business, Economical, InternationalSwedish fund manager FMG expects strong growth in Mongolian and Iraqi stocks even though the former faces the uncertainty of parliamentary election while the latter continues to be plagued by security issues.
'Rabidly Partisan Politics' Could Leave Mongolia Struggling With The Resource Curse
Posted: April 30, 2012 on: Economical, PoliticalPOLITICS in Mongolia has been rough-and-tumble since 1990, when the country escaped Soviet domination to become a vibrant if imperfect democracy.
ADB: Mongolian economy growing but wealth gap remains wide
Posted: April 25, 2012 on: EconomicalThe Bank of Mongolia (BOM) announced to the public that it strengthened its monetary policy rate to 13.05% and also increased the minimum amount of monetary reserve by 1% last week.
