Mongolia News
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MONGOLIA, 2017/07/10
Mongolia's president-elect Khaltmaa Battulga will be inaugurated on July 10, authorities said Sunday.
Miyegombyn Enkhbold, Mongolia's parliament speaker, has issued an order to hold an extraordinary parliament conference to prepare for the inauguration ceremony of the newly elected president on Monday morning.
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MONGOLIA, 2017/07/10
Mongolia is quickly becoming known for its world military presence. With China and Russia as its only direct neighbours, Mongolia faces a conundrum. Mongolia’s foreign policy is dominated by the necessity to balance the influences of its powerful neighbours and the need to gather support from like-minded nations. Mongolia refers to this as their ‘Third Neighbour Policy’, which aims to allow for economic and political self-determination independent of both China and Russia. Mongolia’s military is key to the execution of this policy.
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CHINA, 2017/05/07
Kim Jong-un sees nuclear capability as almost his sole source of regime security and he is not going to give it up, no matter how strong the pressure. He is not stupid. All he has to do is to look at the history of Iraq and Libya, where neither dictator had nuclear weapons. So if the United States insists on de-nuclearisation of the peninsula, presumably that would require regime change, and regime change is unlikely without the use of force. War in the area would be hugely destabilising and potentially disastrous. No one in their right mind should want that.
China is right to urge negotiations, but what is to be negotiated? Kim is not going to negotiate away his own security by giving up his nuclear capability. But if China exerts sufficient pressure, he may acknowledge to stop testing.
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AFGHANISTAN, 2016/12/11
A university education may expand your mind. It will as well fatten your wallet. Data from the OECD, a club of rich nations, show that graduates can expect far better lifetime earnings than those without a degree.
The size of this premium varies. It is greatest in Ireland, which has a high GDP per chief and rising inequality. Since 2000 the unemployment rate for under-35s has swelled to 8% for those with degrees – but to additional than 20% for those without, and nearly 40% for secondary school drop-outs. The country’s wealth presently goes disproportionately to workers with letters next their names.
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CHINA, 2016/01/26
Asian stock markets retreated on Tuesday, snapping a two-day winning streak, following the weak cues overnight from Wall Street and the pullback in oil prices. Investors as well treaded cautiously ahead of monetary policy statements by the U.S. Federal Reserve and the Bank of Japan later in the week.
The Japanese market is notably lower, with the negative lead from Wall Street and the fall in oil prices denting risk appetite. Additionally, a stronger yen hurt exporters' stocks.
In late-morning trades, the benchmark Nikkei 225 Index is declining 319.08 points or 1.86 % to 16,791.83, off a low of 16,683.64 in early trades.
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AFGHANISTAN, 2016/01/02
World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday.
IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide.
Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
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MONGOLIA, 2015/12/27
With renewed backing from international lenders, Mongolia is moving ahead with plans to broaden its logistics base and improve access to export markets, with a raft of transport infrastructure projects shifting into gear.
While a slowdown in the world commodities market is expected to see GDP additional than halve from 7.8% in 2014 to 3.5% this year, according to the IMF, Mongolia’s drive to boost exports, tourism and trade has kept the funding of key transport projects on track.
Rail and aviation projects are seen as particularly pivotal for increasing the country’s logistical capacity, with construction firms set to benefit throughout the development stage.
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MONGOLIA, 2015/11/15
The Government of Mongolia is granting soft loan in building industrial and technology park to process animal raw material domestically, renewal of equipment and technology, and increase of cash flow. As well additional subsidy is given to herders who sold their animal products (sheep and camel wool) to domestic factories.
Within the framework of this policy, “New Asia Group” LLC was granted in return to its request, with the 4 year appropriate permit to run Industrial and Technology Park in Zavkhan aimag, as presented by the Ministry of Industry and Agriculture.
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MONGOLIA, 2015/05/04
Chanting prayers to Tenger, the all-knowing holy sky, Mongolian shamans in fur and feather headdresses protested against a Canadian mining project they say threatens ancient grave sites.
“It’s for our love for Mongolia, to protect our resources and territory,” said Tseyen-Oidoviin Sarantuya, who travelled additional than 1,000 kilometres (620 miles) to demonstrate in Ulan Bator’s major square against the venture.
“I want people to know that Mongolia should remain Mongolian,” she said.
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AFGHANISTAN, 2015/01/20
Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday.
In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
