MONTSAME Daily News

J.ERDENEBAT: “WE SUCCEEDED TO STOP SHARP RISE IN EXCHANGE RATE AND PROTECTED PURCHASING POWER”


Ulaanbaatar /MONTSAME/ On June 30, Prime Minister J.Erdenebat delivered a report to the parliament regular session on measures taken and their results within the framework of Extended Fund Facility (EFF) of the International Monetary Fund in re¬sponse to questions by MP O.Enkhtuvshin.
“The Government started the EFF im¬plementation on May 24, when the IMF Executive Board approved the financial ar¬rangement for Mongolia. The program has three-year term and IMF has provided USD 38.6 million out of total USD434.3 million for support of payment balance” PM noted.
“- We have succeeded to stop the eco¬nomic fall and laid a foundation for sus¬tainable growth. The economy started to shrink with economic growth slowdown that reached -1.6 percent in the third quarter of 2016 from the top growth of 17 percent in 2012. However, due to immediate actions to revive it, the economy has been gradu¬ally recovering, with a 1.2 percent economic growth in the end of 2016 and with 4.2 per¬cent growth in the first quarter of 2017. We have achieved to end the economic decline and make it grow back within three quarters” underlined PM J.Erdenebat. “- We succeeded to stabilize the ex¬change rate and protect the purchasing power of citizens. The market exchange rate of USD against Tugrug reached MNT 2600, intervention was no longer available, as having no currency reserve to maintain exchange rate further. The Government re¬alized a policy to improve currency inflow, increase currency reserve, improve budget¬ary discipline, stabilize macro economy, re¬duce payment balance burden and restore investors’ confidence. As a result of the ac¬tions, exchange rate of Tugrug against USD decreased to MNT 2350, as of 29 June. The purchasing power of the national currency has been improved”, PM highlighted.
B.Ooluun

MINISTER D.OYUNKHOROL RECEIVES DELEGATES OF COX&KING TOUR COMPANY


Ulaanbaatar /MONTSAME/ The Minis¬try of Environment and Tourism is pursuing a policy to diversify Mongolia’s mining-de¬pendent economy and to bring tourism sec¬tor into the world standard. In this regard, D.Oyunkhorol, Minister of Environment and Tourism received delegates led by Sandeep Dayal, Head of Sales Business Develop-ment and Special Projects of the Cox & King Tour Company.
Founded in 1758, the company is the first tour operator in the world. Today the company has branches in many countries, including the UK, the US, Australia and Ja¬pan and offers various domestic and interna¬tional travel and deals in India.
At the meeting, Minister D.Oyunkhorol said that the Ministry of Environment and Tourism of Mongolia is planning to cooper¬ate with the Embassy of India in Ulaanbaatar on the towards to the development of tour¬ism sector. “We discussed with the Embassy about an issue of launching direct flight be¬tween Mongolia and India”.
She continued that relevant organiza¬tions will work to connect tourism companies of Mongolia and India. The Minister also pointed out the important role of the Cox & King Company, with decades of experience in tourism industry, in attracting Indian tour¬ists to Mongolia and expressed her willing¬ness to cooperate with the company.
B.Oyundelger

MONGOLIA EXPORTS 4000 TONS OF MEAT TO IRAN


Ulaanbaatar /MONTSAME/ Mongolia has started exporting meat to Iran in the frames of ‘Meat and Milk Campaign I’. A 4000 tons of mutton, the first batch of meat to be exported to the county in scope of an agreement reached between ‘Eco Food Trading’ LLC and ‘Darkhan Meat Foods’ LLC, was thus transported to Iran last Friday.
The meat export to Iran expands Mon¬golia’s foreign export market, noted the au¬thorities of the two companies. Mongolia is capable of exporting more than 100 thousand tons of meat per annum. If Mongolia can fully utilize this capability, the quality of Mongolian meat will be widely acknowledged in international market which will improve the livelihood of herders, the corresponding Ministry sees.
Kh.Aminaa

AMBASSADOR G.BATSUKH RECEIVES CANADA 150 COMMEMORATIVE PIN

Ulaanbaatar /MONTSAME/ The first Mongolian Ambassador to Canada Bat¬sukh Galsan has been bestowed with an honorary pin commemorating the 150th anniversary of Canada.
Canadian Ambassador to Mongolia Ed Jager presented the commemorative pin to¬day at a ceremony held in front of ‘King of the Altai’ argali sheep statue, on the north¬west side of the Parliament House.
The 150th anniversary of Confedera¬tion of Canada fell on July 1, and as part of celebration, the pin is being conferred upon ‘friends of Canada’. Ambassador Batsukh thus became the first Mongolian recipient of the pin, made of ammolite from the Rocky Mountains of North America.
“Ambassador Batsukh has been a long time friend of Canada”, remarked Ambassa¬dor Jager. His tenure from 2001 to 2005 was marked by a number of important events in bilateral relationship including mutual high level visits.
The location for this presentation was chosen due to the fact that the argali sheep statue is an initiative of Ambassador Bat¬sukh who is now the Chairman of the Board of Directors of Oyu Tolgoi LLC. The 4 meters tall monument was sculpted by a Canadian artist to be gifted to Mongolia in 2006, in commemoration of the 800th anniversary of the Great Mongol Empire.
Ambassador Batsukh expressed his gratitude, and said he was honored to serve as the first resident Ambassador of Mongo¬lia to Canada. “Canada has become a twin across the ocean for Mongolia”, he said, pointing out how ‘bilateral relations have been through ups and downs, but mostly ups’.
Highlighting the significance of the stat¬ue, he said, “This statue may be the only wildlife piece of art in Mongolia that was cre¬ated across the ocean”. “On the other hand, it represents a symbol of friendship between Mongolia and Canada”, he noted. He em¬phasized that both Mongolia and Canada are famous for their wildlife.
“Canada has a very special place in my heart”, Ambassador Batsukh closed his speech, expressing his commitment to Can¬ada.
Kh.Aminaa

MONGOLIA: DEATH PENALTY CONFINED TO HISTORY AS NEW CRIMINAL CODE COMES INTO EFFECT


Ulaanbaatar /MONTSAME/ Amnesty International welcomes the coming into force of the new Criminal Code and Code of Criminal Procedure in Mongolia as an historic milestone in the country’s journey towards full enjoyment and protection of hu¬man rights. The new Criminal Code, which abolishes the death penalty for all crimes, became effective on 1 July 2017 after it was adopted by the Mongolian Parliament on 3 December 2015.
Today’s development brings to comple¬tion a seven year process towards abolition which formally began in January 2010, when the country’s President, Tsakhiagiin Elbeg¬dorj, commuted all death sentences and announced an official moratorium on execu¬tions. The move was followed two years lat¬er by the ratification of an international treaty committing the country to the abolition of the death penalty. Amnesty International Mon¬golia has relentlessly campaigned for aboli¬tion since the national human rights group was first established in 1994.
The new legal text also contains advanc¬es on other human rights issues. For exam¬ple, it includes for the first time a definition of torture that broadly reflects the ones outlined in the Convention against Torture and Other Cruel, Inhuman or Degrading Treatment or Punishment. Regrettably however, Mongolia has failed to take the opportunity of the new legislation to put in place and implement pro¬tective mechanisms to prevent and punish torture, such as establishing an independent and effective mechanism to investigate tor¬ture allegations.
Mongolia and the death penalty
The last execution in Mongolia was car¬ried out in 2008 and death sentences im¬posed since the moratorium was established in 2010 have been routinely commuted. However, figures on the use of the death penalty in the country remained classified as a state secret.
Today Mongolia becomes the 105th country to have freed itself from the ultimate cruel, inhuman and degrading punishment. It is the eighth country to have done so in the past five years, alongside Benin, Congo (Republic of), Fiji, Latvia, Madagascar, Na¬uru and Suriname. During the same period, Guinea also abolished the death penalty for ordinary crimes only.
As other countries in the Asia Pacific region continue to execute or even contem¬plate reinstating the death penalty, in clear violation of their international law obligations, Mongolia’s journey over the past decade is not only illustrative of the overwhelming global trend in favour of the abolition of the death penalty, but also of the critical impor¬tance that political leadership plays in driving human rights change.
Amnesty International opposes the death penalty in all cases without exception, regardless of the nature or circumstances of the crime; guilt, innocence or other charac¬teristics of the individual; or the method used by the state to carry out the execution. The organization renews its call on the authori¬ties of countries that still retain this punish¬ment to follow Mongolia’s example and im¬mediately abolish the death penalty once and for all.
Source: Amnesty International
B.Tugsbilig

WORLD-LEADING ENGINEERS AND DEVELOPERS TO GATHER IN ULAANBAATAR


Ulaanbaatar /MONTSAME/ An interna¬tional meeting for advanced technology will be taking place at “Tuushin Hotel”, Ulaan¬baatar on July 6. During the meeting, ad¬vanced technologies from Australia, Spain, Singapore, Malaysia, Indonesia and the Netherlands are expected to be presented.
During the meeting, engineers from the participating countries will be presenting their technologies, as well as exchanging practices of further development. The or¬ganizers consider that breakthrough tech¬nologies of the 21st century will help provide safety in the projects implementing in Mon¬golia and will have significant impact in their efficiency.
One of the highlighted technologies that is expected to be presented at the event is a non-destructive testing technology. Introduc¬ing internationally approved non-destructive testing technologies into Mongolian indus¬trial sector would help determine abnormali¬ties, evaluate safety and assets. In order to increase the longevity of equipments and for industries to adapt to the market, the usage of non-destructive testing technology is in¬creased in the recent years. With an aim to renovate various sectors, such as mining, renewable energy, con¬struction and energy, Mongolia’s branch of “Aplas” Ltd’ is organizing the meeting to in¬troduce breakthrough modern technologies. The company provides world-class human resource service and has expanded their operation to mining sector, cooperating with various projects in the energy sector.
B.Tugsbilig

BALLET DANCERS WIN AWARDS FROM INTERNATIONAL COMPETITION IN SOUTH KOREA


Ulaanbaatar /MONTSAME/ Ballet danc¬ers of the State Academic Theater of Op¬era and Ballet successfully took part in the 10th Korea International Ballet Competition held from June 28 to July 2. Ballet dancer O.Khatanbaatar won third place, B.Dulguun was granted with a special prize, while danc¬ers M.Telmen and Batchimeg were entitled to study in the Samyoung University.
B.Ooluun

512 WRESTLERS TO COMPETE DURING NAADAM


Ulaanbaatar /MONTSAME/ A total of 512 wrestlers will be participating in the National Naadam Celebration, which is marking the 2226th anniversary of establishment of First Mongolian State, 811th anniversary of Great Mongol Empire and 96th anniversary of Peo¬ple’s Revolution this year.
The wrestlers will be registered on July 9-10 from at the Mongolian Wrestling Pal¬ace. As previously, the opening and closing ceremony of Naadam will take place at the Central Stadium. The tickets for Naadam wrestling competition will be available for purchase at Central Cultural Palace from July 7 and are set at MNT 16 thousand, MNT 20 thousand and MNT 24 thousand. The Ministry of Finance is financing MNT 1.9 billion for Naadam budget, while the remain¬ing MNT 550 million is being financed from Ulaanbaatar City budget. By an estimate, MNT 330 million will be collected from the tickets.
B.Tugsbilig

MONGOLIAN BOXERS SHINE AT ULAANBAATAR CUP 2017


Ulaanbaatar /MONTSAME/ Team Mon¬golia took the first place in the 28th Inter¬national Elite Men Women Boxing Tourna¬ment ‘Ulaanbaatar Cup’ which took place on June 21-25 at ‘Ikh Tamir’ sports complex in Khandgait.
Mongolia had hosted the Ulaanbaatar Cup continuously until 2000 when the tour¬nament came to a halt after 26 successful competitions. Last year, Mongolian Boxing Federation revived the tradition with the 27th Ulaanbaatar Cup. The 2017 Ulaanbaatar Cup brought to¬gether 105 boxers from Mongolia, Russia, China, India, the DPRK, Kyrgyzstan, Bhu¬tan, the Philippines, Indonesia and Taiwan to compete in men’s 7 and women’s 3 cat¬egories.
Mongolian team of boxers claimed the first place with 3 gold, 5 silver and 7 bronze medals whereas the DPRK team won the second place with 3 gold and 1 silver med¬als with the Philippines taking the third place with 1 gold, 1 silver and 1 bronze medals.
Kh.Aminaa

MONGOLIAN JUDOKAS WIN 3 SILVER AND 5 BRONZE MEDALS IN CHINA


Ulaanbaatar /MONTSAME/ Mongolian team of judokas received 3 silver and 5 bronze medals from the Hohhot Grand Prix, which was held during the last weekend in Hohhot city, China.
The Hohhot Grand Prix 2017 was at¬tended by wrestlers from 26 foreign coun¬tries and 18 countries of them secured med¬als of different colors. Japan’s judoka team led in 5 weight categories, whereas Rus¬sian and South Korean wrestlers headed in two categories. Also, judo teams of China, Democratic People’s Republic of Korea and Czech, Canada and Austria returned their homelands in one triumph each.
Mongolian female judoka Mongolian Honored Sportswoman-titled D.Sumiya gained a silver medal in 57 kg, another Mongolian Honored Sportswoman-titled M.Urantsetseg took a bronze medal in 52 kg and B.Munkhtuya, International Master of Sports secured a bronze in 78 kg. Moreover, Mongolian male judo wrestler Mongolian Honored Sportsman-titled D.Amartuvshin received a silver medal in 60 kg, Internation¬al Master of Sports U.Duurenbayar took a silver medal in +100 kg category, Mongolian Honored Sportsman G.Boldbaatar gained a bronze medal in 60 kg, Yo.Baskhuu won a bronze medal in 66 kg and G.Altanbagana achieved a bronze medal in 90 kg respec¬tively.
B.Oyundelger

STOCK EXCHANGE WEEKLY REVIEW (JUNE 26 - 30)


Ulaanbaatar /MONTSAME/ During the period between June 26 and June 30, 2017, MSE conducted 4 trading sessions with a to¬tal value of MNT 41,830,706,350. The daily average value was MNT 10.4 billion.
1. STOCK TRADING:
471,015 shares of 55 listed companies with a total value of MNT 215,361,700 were traded.
Most active stocks:
1. Mongolian Post JSC /MNT 122,136,972.00/
2. Tavan Tolgoi /MNT 34,858,841.00/
3. Gobi /MNT 24,785,350.00/
4. APU /MNT 13,019,770.80/
5. Suu /MNT 6,351,571.20/
Most active brokerage companies:
1. Gauli LLC /MNT 244,750,740/
2. Lifetime Investment LLC /MNT 31,096,018/
3. MICC LLC /MNT 27,360,000/
4. Mire Asset Securities Mongolia LLC /MNT 23,039,150/
5. Ard Securities LLC /MNT 19,464,372/
2. GOVERNMENT SECURITIES:
370,000 units of Government retail bonds with a total value of MNT 34,794,430,000 were traded on the primary market in one trade.
Most active brokerage companies for Government securities primary market trad¬ing:
1. “Mire Asset Securities Mongolia UTsK” LLC /MNT /
2. “BDSec UTsK” JSC /MNT 21,888,423,601/
3. “Novel Investment UTsK” LLC / MNT 9,506,872,705/
4. “Ard Capital Group UTsK” LLC / MNT 1,006,217,300/
5. “Gauli UTsK” LLC /MNT 121,874,544/
6. “Golomt Securities” LLC /MNT 108,709,084/
8,506 units of Government retail bonds with a total of the value of MNT 820,914,650 were traded by 6 trades on the secondary market.
Most active brokerage companies for Government securities secondary market trading:
1. Novel Investment /MNT 785,438,800/
2. “Mire Asset Securities Mongolia UTsK” LLC /MNT 572,616,000/
3. “Golomt Securities” LLC /MNT 283,774,500/
Note: Estimated from the total sum of buy and sell.
3. CORPORATE SECURITIES:
60.000 units of primary market listed company “Suu” JSC’s MNT 100.000 valued bond were traded with 17.5 percent interest rate and successfully collected MNT 6 bil¬lion.
1. Golomt Securities LLC /MNT 2,407,600,000.00/
2. Ard Capital Group LLC /MNT 2,037,500,000.00/
3. Novel Investment LLC /MNT 693,300,000.00/
4. Ard Securities LLC /MNT 402,200,000.00/
5. Tenger Capital LLC /MNT 227,000,000.00/
6. BDSec JSC /MNT 85,100,000.00/
7. Monsec LLC /MNT 47,800,000.00/
8. Mire Asset Securities Mongolia LLC /MNT 42,900,000.00/
9. Standard Investment LLC /MNT 33,600,000.00/
10. Bumbat-Alta LLC /MNT 22,700,000.00/
11. Gauli LLC /MNT 300,000.00/
As of June 16th, 2017, the market capital¬ization was worth MNT 1,497,666,603,273.07 and the MSE All index increased by 3.31% reaching 860.47 units.
Source: Mongolian Stock Exchange
B.Tugsbilig




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