News.MN - The source of news

Thursday

2019/05/23

Dollar (USD)

2533.95

Ulaanbaatar

+19°C

Ulaanbaatar to host International Children Fashion Festival

The ‘Adorable Costume-2019’ International Children Fashion Festival is taking place in the Mongolian capital, Ulaanbaatar. Mongolian ethnic groups live as far apart as southern Russia and northern China; each has its distinct characteristics. The fashion festival aims at promoting the

MPRP group approves general directives on privatization

The MPRP group in Parliament met on Monday to discuss and approve the draft protocol on the general directives on privatization of state properties from now until 2012. The head of the group, D.Lundeejantsan, said Parliament should have discussed the

Snow melting substance costs MNT590,000 a ton

The salt and the sand used to melt the ice on roads come from inside Mongolia but the special snow melting substance is imported from China. According to the Environmental Pollution Management Department of the Mayor’s Office which is responsible

Severe winter hits 198 soums in 19 provinces

Following the National Emergency Commission’s (NEC) recent review of the winter situation in the country, including heating, energy and coal reserves, M. Enkhbold, Deputy Prime Minister and head of the NEC, has issued several instructions to connected officials.
The NEC

U.S. telecom company paid “sham consultants” in Mongolia

The U.S. Security Exchange Commission (SEC) has said UTStarcom Inc., a US telecom company, made improper payments to “sham consultants” in China and Mongolia while knowing they would pay bribes to Government officials, according to an AFP report.
“UTStarcom spent

EBRD to make USD6-million investment in Petro Matad

The European Bank for Reconstruction and Development (EBRD) will be making a USD6-million equity investment in Petro Matad Limited, the first Mongolian oil exploration and production company.  The majority share in the company is owned by Petrovis LLC, the largest

SouthGobi appoints new vice-president

SouthGobi Energy Resources Ltd. has appointed Tony Pearson as its new Vice-President, Corporate Development, effective February 8, 2010. Pearson will be responsible for business and corporate development initiatives. He previously held senior positions with Citigroup”s Metals and Mining Investment Banking

Golomt Bank launches China UnionPay card

Golomt Bank has launched the first CUP card in the world market, in association with China UnionPay (CUP) Company. Golomt accounts for more than 60 percent of the total card transaction volume in the Mongolian market and was chosen as

MPs call each other names as they discuss draft laws

Bickering among MPs marked the recent discussion of two draft laws by the Standing Committee on Government Organization. The drafts were submitted by the two major parties on the same subject. Ts.Nyamdorj (MPRP) and Kh.Temuujin (DP) were heard calling each

Sundog in Khutul and Darkhan, earthquake in UB and Dundgobi

A rare atmospheric phenomenon called the Sundog or the Mock Sun was visible in Darkhan and Khutul last Friday morning.  Colored patches of light appeared bide the sun. The phenomenon occurs when the sun is low and usually when the

Energy tariffs increase for domestic consumers only in June

The Energy Regulation Department has agreed to postpone the raise in domestic electricity tariffs until June 1, following a demand by the Mongolian Labor Union for a review of the data. However, commercial customers will have to pay at the

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