The Financial Regulatory Authority yesterday decided to merge Grand
Insurance LLC into Ard Insurance LLC and cancelled the special license for
common insurance held by Grand. It also appointed new directors of some
insurance companies. They include G.Mongolkhuu at National Life Insurance, G.
Alimaa

Officials of the Mongol Bank yesterday announced that the Bank’s
President, L. Purevdorj, has asked every commercial bank to have a minimum
equity base of MNT16 billion, or double the present figure. The order was
issued before Naadam and has to be implemented

In a break with tradition, several Standing Committees have not reported
on their work during the Spring session even though Parliament went into recess
10 days ago. Parliament Office records show the committee on Social Policy,
Education and Science would do this in

Ulaanbaatar Railway Chairman T. Ochirkhuu has said the Government
meeting yesterday decided on several changes in the administrative structure
the company. A number of positions are likely to be given new responsibilities.
The Government also wants the company to concentrate on transportation of
freight

A charitable medical delegation led by Taiwanese specialists in cleft
lip and palate repair will leave for Mongolia August 21 to treat patients there
who have the condition.

The Taipei-based Noordhoff Craniofacial Foundation has been working to
arrange the trip since it first visited

The new MPP headquarters is
likely to be inaugurated in September. It was planned to be opened in 2010 but
work is still continuing. The building, to be called The Palace of
Independence, is coming up on the same site as the party’s

Members of the Khusugtun Band are
on their way to London to take part in the BBC Prom, being held in the Royal
Albert Hall between July 15 and September 10. The band will play the music from
the documentary Human Planet, composed

Ts. Enkhbayar, one of the Gal
Undesten Union members who were detained, is now in hospital where he was taken
from the detention center after a few days of being on hunger strike. Once he
is released from hospital he would be taken

Ulaanbaatar Railway yesterday
announced a 15% increase in domestic coal transportation charges from August 1.
Tariff for other items remains unaffected. Higher freight rates would mean
higher costs for buyers of coal, including power plants and a rise in electricity
and heating prices cannot

Judge General of the State
Supreme Court Ts. Zorig yesterday explained that he does not have the authority
to review any ruling by the court. He was commenting on a request addressed to
him by the Chief of Monitoring Committee of the MPP,