There are more and more people committing crimes such as stealing bank customers` personnel data in order to make fake credit card and buying goods with fake cards in other countries in past years. Recently such incidents have occurred in

A rumor has started that MPRP-MNDP (Mongolian People`s Revolutionary Party- Mongolian National Democratic Party) Justice coalition is to withdraw from the Government. There is speculation that the Justice Coalition will withdraw from the Government after Enkhsaikhan Mendsaikhan, the head of

The Aluminum Corporation of China (Chalco) said on Monday that it would seek legal redress if Mongolia sought to break a coal sales agreement signed in 2011.Mongolia”s state-owned Erdenes-Tavan Tolgoi, which runs the coveted 7.5 billion-tonne Tavan Tolgoi coal project,

The Authority for Fair Competition and Consumer Protection (AFCCP) has imposed a 4.9 billion MNT fine to NIC, the National fuel importer company, for allegedly intentionally creating a false fuel shortage last November. The Authority for Fair Competition and Consumer

The Mongolian government is likely to further defer its IPO for its state-owned Tavan Tolgoi coal project.Close on the heels of its plan to annul a $250 million coal-supply deal with the Aluminum Corp. of China Ltd.(Chalco), the Mongolian government

MPs were presented with the Master Plan to develop Ulaanbaatar City by Governor E.Bat-Uul during the DP caucus meeting on Monday. The Master Plan is designed to focus on population centralization. According to the plan the Ulaanbaatar City Administration will

The Central Bank of Mongolia conducted a poll survey of loans and saving rates among commercial banks in the fourth quarter of last year. The survey involved 14 senior officials from banks.  According to the survey, commercial banks issued 7

President Elbegdorj Tsakhia arrived back in Mongolia on Sunday after finishing an official visit to Poland and President Bronislaw Komorowski  on 21st and 22nd January. He also participated in the World Annual Economic Forum in Davos Switzerland from 23rd to

The Wall Street Journal states that Erdenes TT is seeking to negotiate with China’s biggest coal producer Shenhua Energy according to the Mongolian Ambassador to Beijing  Ts.Sukhbaatar.Shenhua Energy is one of the bidders for he West Tsankhi of Tavantolgoi, a

Mongolian Yokozuna Harumafuji dominated the15 day hatsu basho, Grand Sumo Tournament and won the highest rank, as Yokozuna. This is the fifth time Harumafuji has won his career title. It was obvious he would again achieve the title after Harumafuji