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Japan to give MNT75 billion to support SMEs

The SME Office is planning to use in two phases MNT75 billion in
Japanese aid to develop SMEs. Of the total amount, MNT3 billion will be spent on
employees’ training and putting in place the right procedural framework. MNT10
billion will be lent

MPRP destiny is in the hands of Supreme Court

The Constitutional Court has ruled that Article #15 of the Law on Political Parties does not violate the Constitution. It says that in the event a party changes its name, members who do not agree to the change will not

No case against Sh.Saikhansambuu

After reviewing the material sent to it by the Anti
Corruption Authority (ACA), the Ulaanbaatar Prosecutors Office has concluded
there can be no case against Sh.Saikhansambuu. The MP had said in some media
interviews that he had bribed State officials including some MPs.

MPs favor idea of database of bank borrowers

The Standing Committee on the Economy yesterday discussed
a draft law on creating a loan database and decided to submit it to Parliament
for further discussion. The draft seeks inclusion of all individuals and
organizations who have borrowed from banks in a database

Prosecutor General explains action on Paushok

Prosecutor General
D.Dorligjav yesterday sent a note to Speaker D.Demberel explaining why he had
decided against pursuing charges of tax evasion against Altan Dornod Mongol Director
S.V.Paushok. It says that the Ulaanbaatar Prosecutors Office decided on May 17,
2010 to withdraw from investigating the

President visits Stanford University

President
Ts.Elbegdorj has discussed possibilities of student exchanges and more opportunities
for Mongolian students during his visit to Stanford University.  He was particularly interested in Mongolians
getting enrolled in mining, renewable energy, agriculture and environmental
studies courses. University President John Hennessy assured the president

Standing Committee favors President’s proposal for student stipend

The members of the
Standing Committee on Social Policy, Education, Culture and Science yesterday decided
to proceed with further discussion on the draft law submitted by President
Ts.Elbegdorj on financing students’ higher education through enhanced stipends
and social guarantees. Members felt granting every student

MPs submit amendment to HDF law to help those in debt

Deputy Speaker
G.Batkhuu and 16 other MPs including P.Altangerel, N.Batbayar and S.Byambatsogt
yesterday submitted a draft amendment to the law on the Human Development Fund.
They want the HDF allocation to herders, SME operators and the elderly to be
diverted toward repayment of their

Easy to smuggle in counterfeit cigarettes

Mongolia imports cigarettes from 30 countries including
Kazakhstan, Ukraine, Russia, South Korea and Singapore. Counterfeit cigarettes
can be imported through small border points where customs inspection work is lax
and uses out-dated systems.
Customs organizations annually gather MNT26.7 billion from alcohol and
cigarette excise

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