All investigation
into charges against Anod Bank directors causing financial loss to 1,200 people
by selling them counterfeit shares has been concluded and the matter was
transferred to Ulaanbaatar Prosecutors Office on May 24. The former Executive
Director of the Bank, L.Ulambayar, is free

The President of the Mongol Bank, L.Purevdorj, took part
in the annual meeting of the European Bank for Reconstruction and Development
in Astana on May 20 and 21. He and other officials of the Mongol Bank would
call a press conference to give

The Standing
Committee on the Economy yesterday approved a Government proposal to issue
bonds worth MNT300 billion with a five-year maturity period. MNT100 billion will
go to the cashmere sector, MNT50 billion to lamb and camel wool factories and
to pay incentives to herders

An exhibition of Mongolian
postage stamps is on view at Government House to mark the state-level conference
of the Information and Communication sector. It shows stamps issued since 1960 with
animals, folk art, Naadam, children, religious motifs, and the national
heritage. Many viewers are

The Civil Will-Green
Party and the Mongolian National Chamber of Commerce and Industry (MNCCI)
yesterday concluded an agreement on sharing economic and business information
and data. The Chief of the CW-GP, D.Enkhbat, and MNCCI Chairman S.Demberel both
expressed the hope that the cooperation would

Yokozuna Hakukho is in Ulaanbaatar, where he was born,
for a brief visit. He had a meeting with Mayor G. Munkhbayr who congratulated
him on his recent run of success. Hakuho’s victory in this month`s basho was
his 19th championship title, and the

The Standing Committee on the Economy discussed on
Tuesday developments at the Mongolian Stock Exchange. The London Stock Exchange
has been awarded the job of restructuring it and is being paid USD14.2 million
for the work. The State Property Committee borrowed this amount

The head of the State Civil Registration and Information Center,
D. Enkhtstetseg, answers questions on the ongoing registration of Mongolians abroad. 

How is
the work going?

We
began in South Korea in March, and over 5,000 citizens have been registered so
far. Incidentally, 72 citizens

The Ulaanbaatar City Court yesterday sat for eight hours
and then rejected all appeals by three Anti-Corruption Authority (ACA) officials
and upheld the sentences passed against them by a lower court. The lawyer for
ACA chief Ch.Sangaragchaa told media after the court decision

MIAT has leased a Boeing 767-300 aircraft until 2013. It
has 245 economy class and 18 business class seats and will be able to fly
non-stop to any European destination from Ulaanbaatar.

The plane was manufactured in 1996, and has spent 380,841
hours in