Economic Archives - Page 72 of 95 - News.MN

Mongolia delays opening Chinese border for coal exports

Mongolia has extended its ban on coal exports for a second time as the number of coronavirus cases within the country increases.

The first deadline for the border to reopen was 3 March, before being delayed to 15 March late last

Loan repayments postponed for Mongolian citizens

Due to the outbreak of coronavirus, Mongolia has postponed all payments for its citizens for three months without any interest or fees. The decision was introduced today (18 March) at a joint press conference by Ch.Khurelbaatar, Minister of Finance and

Mongolia to face Covid-19 economic impact from June

The UN’s trade and development agency says the slowdown in the global economy caused by the coronavirus outbreak is likely to cost at least $1 trillion. The recent outbreak of the novel coronavirus has affected the global industry logistics system.

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