Economic Archives - Page 71 of 94 - News.MN

ADB provides $1.4 Million to Mongolia for fighting COVID-19

The Asian Development Bank (ADB) has reallocated $1.4 million from a health project in Mongolia to procure essential medical equipment for early detection, emergency care, and management of severe respiratory diseases in the wake of the novel coronavirus (COVID-19) pandemic.

UFE introduces high technology of AWS partnering with FIBO CLOUD

The UFE is successfully running online courses from 2015, and always seeking new according to its goal of 2018 to become ‘Entrepreneur, Technology-Based University’. To accomplish this goal and to introduce world standardized high technology in its training activity for

Mongolia’s gold purchase rises tenfold

The Central Bank of Mongolia, also know as Mongol Bank, purchased 952.6 kg of gold from legal entities and individuals in February, 2020; this is an increase of tenfold on the same month in 2019. This sharp rise of gold

Mongolian State Department Store fined for ‘fixing’ meat prices

The Mongolian Government has warned businesses against ‘price gouging’ during the time of an advanced emergency readiness and preparation for preventing the spread of the killer coronavirus that has killed over 5800 people globally. As the epidemic spreads across the

Covid-19 hits output at Oyu Tolgoi

Rio Tinto Ltd said on Monday that work at its Oyu Tolgoi mine in Mongolia has slowed due to the restrictions imposed by the government to curtail the spread of coronavirus.

“The full impact of the slowdown on the underground project

Covid-19 hits vital Mongolian exports

Mongolia’s trade volume has decreased by 21.3 percent to USD 1.5 billion in first two months of 2020. It was reported that exports fell by 29.5 percent and imports by 10.4 percent as the country closed its borders with China

The Central Bank of Mongolia to sell silver

The Central Bank of Mongolia, or Mongol Bank, is preparing to sell silver bars. At the request of individuals and organisations, 1 oz and 1000-gram bars, as well as a 4kg package of balls will be sold. The silver will go

Mongolia’s cashmere dilemma

Once a rare luxury, fashion items made from cashmere are now readily available from most High Street and online fashion retailers in the UK, US and other developed countries. With global prices having risen more than 60% since the 1980s,